Strong Q4 Production and Financial Performance
Q4 was a strong quarter, delivering the highest production for the year at 57,364 ounces. The company generated $22 million of net income and $67 million of EBITDA in the fourth quarter. Gold revenue increased by 13% compared to Q3, driven by higher realized gold prices and higher sales volumes.
Significant AISC Margin Improvement
The all-in sustaining cost (AISC) margin reached a 3-year high of $58 million in Q4, up 32% from the previous quarter. For the full year 2024, the Segovia operations generated an AISC margin of $163 million.
Expansion and Growth Potential
Segovia's processing facility is on track to expand, targeting annual production of 210,000 to 250,000 ounces in 2025, and 300,000 ounces from 2026 onwards. Marmato's expansion is expected to increase annual production potential to more than 200,000 ounces.
Strong Financial Position
The company ended the year with a cash balance of $253 million, up from $195 million at the end of 2023. Financing activities in Q4 generated a cash inflow of $164 million, including $136 million from refinancing bonds and $40 million from a precious metals stream.
Positive Outlook for 2025
Aris Mining expects consolidated gold production of between 230,000 to 275,000 ounces in 2025, with significant increase in Segovia's all-in sustaining cost margin anticipated.