Record Quarterly Results
Aris Mining reported its best quarterly results since its formation in September 2022, supported by solid operational execution and record gold prices. Adjusted net earnings were $27 million, or $0.16 per share.
Significant Increase in Gold Revenue
Gold revenue totaled $154 million in Q1, representing an increase of 47% over the same quarter last year.
Increased Gold Production
Total gold production was 55,000 ounces, an increase of 8% from Q1 2024, accounting for 22% of the midpoint of the full-year production guidance.
Strong Financial Position
Aris Mining closed the quarter with a cash balance of $240 million and a low net leverage ratio of 1.2x.
Growth Project Milestones
The Segovia processing plant expansion is on track with the commissioning expected in June, and the Marmato Lower Mine construction is advancing with increased processing capacity to 5,000 tonnes per day.