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Aris Mining
(TSX:ARIS)
Aris Mining (ARIS) vs. iShares MSCI Canada ETF (EWC)
Aris Mining Business Overview & Revenue Model
Aris Mining Earnings Call Summary
Aris Mining Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 646.78M | 510.60M | 447.67M | 399.96M | 382.61M | 374.98M |
| Gross Profit | 303.90M | 195.84M | 185.91M | 204.14M | 198.71M | 192.20M |
| EBITDA | 245.50M | 152.23M | 153.49M | 166.33M | 170.39M | 177.38M |
| Net Income | 5.08M | 24.58M | 11.42M | -4.86M | 186.23M | -4.65M |
Balance Sheet | ||||||
| Total Assets | 2.19B | 1.99B | 1.35B | 1.24B | 998.38M | 650.57M |
| Cash, Cash Equivalents and Short-Term Investments | 310.16M | 252.53M | 194.62M | 299.46M | 323.56M | 122.51M |
| Total Debt | 520.66M | 520.57M | 382.93M | 422.88M | 318.07M | 145.15M |
| Total Liabilities | 974.00M | 911.40M | 728.22M | 740.75M | 519.86M | 454.34M |
| Stockholders Equity | 930.13M | 798.57M | 624.65M | 495.89M | 478.53M | 153.71M |
Cash Flow | ||||||
| Free Cash Flow | 50.19M | -40.21M | -9.02M | -38.05M | 17.09M | 73.58M |
| Operating Cash Flow | 258.68M | 141.24M | 104.70M | 76.95M | 80.55M | 136.38M |
| Investing Cash Flow | -221.22M | -198.77M | -180.28M | -54.58M | -229.72M | -72.31M |
| Financing Cash Flow | 152.64M | 121.29M | -33.33M | -39.32M | 359.67M | -23.61M |
Aris Mining Technical Analysis
Aris Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$1.05B | 32.72 | 14.35% | ― | 65.77% | 458.38% | |
66 Neutral | C$2.73B | 37.71 | 5.13% | ― | 62.92% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | C$856.41M | 55.98 | 3.81% | ― | 110.25% | ― | |
47 Neutral | $3.21B | ― | -20.46% | ― | 50.37% | -191.85% | |
41 Neutral | $1.19B | ― | -79.33% | ― | ― | -193.85% | |
31 Underperform | $1.46B | -15.43 | ― | ― | ― | -28.38% |
Aris Mining Corporate Events
Aris Mining Corporation’s recent earnings call highlighted a robust quarter marked by record gold production and revenue, significant project advancements, and improved cost efficiency. Despite the high initial capital expenditures for new projects, the company’s financial performance and strategic project pipeline suggest a promising trajectory for future growth.
On October 30, 2025, Aris Mining Corporation announced the appointment of Brigitte Baptiste to its Board of Directors. Baptiste, a renowned Colombian environmental leader and academic, is expected to enhance the company’s commitment to responsible mining and sustainable growth in Colombia and Guyana. Her inclusion reflects Aris Mining’s strategic focus on integrating environmental and social considerations into its operations, potentially strengthening its industry positioning and stakeholder relations.
The most recent analyst rating on (TSE:ARIS) stock is a Buy with a C$19.00 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
Aris Mining Corporation reported record financial results for Q3 2025, with revenue reaching $253.5 million, a 27% increase from Q2 2025 and a 93% rise from Q3 2024. The company’s financial strength is bolstered by a significant cash balance of $417.9 million and reduced net debt to $64 million. The Segovia ramp-up has been a key driver of this growth, with gold production increasing by 25% to 73,236 ounces. The company is on track with its growth projects, including the construction of the Bulk Mining Zone at Marmato, expected to yield first gold in the second half of 2026. These developments position Aris Mining for continued growth and strategic advancement in the gold mining sector.
The most recent analyst rating on (TSE:ARIS) stock is a Hold with a C$13.50 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
On October 29, 2025, Aris Mining Corporation released its management’s discussion and analysis for the three and nine months ended September 30, 2025. The report highlights the company’s financial and operational performance, providing insights into its cash flow, capital resources, and financial condition. The release is significant as it offers stakeholders a detailed view of Aris Mining’s current standing and future potential, emphasizing its commitment to growth and expansion in the gold mining sector.
The most recent analyst rating on (TSE:ARIS) stock is a Hold with a C$13.50 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
On October 28, 2025, Aris Mining Corporation announced positive results from the preliminary economic assessment (PEA) of its Toroparu Gold Project in Guyana. The PEA highlights a 21.3-year mine life with an average annual production of 235,000 ounces of gold and an after-tax net present value of $1.8 billion at a gold price of $3,000 per ounce. This development marks a significant growth opportunity for Aris Mining, following its merger with GCM Mining and the strategic reassessment of the project. The company plans to advance the project towards construction with a prefeasibility study targeted for completion in 2026, positioning Toroparu as a major contributor to Guyana’s emerging gold mining sector.
The most recent analyst rating on (TSE:ARIS) stock is a Hold with a C$13.50 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
On October 28, 2025, Aris Mining Corporation released a NI 43-101 Technical Report for the Toroparu Project in the Cuyuni-Mazaruni Region of Guyana. This preliminary economic assessment outlines the project’s potential economic viability, including development plans, capital and operating costs, and production estimates. The report’s findings are crucial for stakeholders as they provide insights into the project’s future operations and potential impact on the company’s market positioning. The assessment also highlights various risks and assumptions associated with the project, reflecting the complex nature of mining operations in foreign jurisdictions.
The most recent analyst rating on (TSE:ARIS) stock is a Buy with a C$18.00 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
On October 23, 2025, Aris Mining Corporation announced it will release its Q3 2025 financial results on October 29, 2025, followed by a conference call on October 30, 2025, to discuss the results. This announcement is part of Aris Mining’s strategic efforts to maintain transparency with stakeholders and investors as the company continues to expand its operations and enhance its market position in the gold mining industry.
The most recent analyst rating on (TSE:ARIS) stock is a Buy with a C$18.00 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
Aris Mining reported a 25% increase in gold production in Q3 2025, with 73,236 ounces produced, driven by the expanded Segovia mill. The company is on track to meet its full-year production guidance, supported by a strong financial position and favorable gold prices. This growth positions Aris Mining for a robust finish to 2025 and further momentum into 2026, enhancing its industry standing and stakeholder value.
The most recent analyst rating on (TSE:ARIS) stock is a Hold with a C$15.00 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
Aris Mining has completed the sale of its Juby Gold Project in Ontario, Canada, to McFarlane Lake Mining Limited for US$22 million. This transaction is part of Aris Mining’s strategy to concentrate on its high-growth gold operations in Colombia and Guyana, potentially enhancing its market position and operational focus.
The most recent analyst rating on (TSE:ARIS) stock is a Buy with a C$17.50 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
Aris Mining reported the safe recovery of all 23 workers trapped underground during a shaft collapse at the La Reliquia Mine, a partner to the Segovia Operations. The incident did not affect Segovia’s regular operations, highlighting the company’s effective emergency response and commitment to safety. This event underscores Aris Mining’s resilience and operational stability, reinforcing its position in the gold mining industry and maintaining trust with stakeholders.
The most recent analyst rating on (TSE:ARIS) stock is a Buy with a C$17.50 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
On September 22, 2025, a collapse occurred at the La Reliquia Mine, a third-party operation within Aris Mining’s Segovia title, trapping 23 workers, including five Aris Mining employees. All workers are safe, and rescue operations are underway with coordinated efforts from Aris Mining and La Reliquia’s workforce. The incident highlights Aris Mining’s commitment to safety and its swift response to emergencies.
The most recent analyst rating on (TSE:ARIS) stock is a Buy with a C$17.50 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
Aris Mining Corporation announced on September 8, 2025, that its common shares will be added to the S&P/TSX Composite Index on September 22, 2025. This inclusion reflects the company’s growing momentum and positions it among Canada’s leading public companies. With ongoing projects like the Segovia mill and Marmato Bulk Mining Zone, Aris Mining is on track to double its annual gold production, enhancing its industry standing and shareholder value.
The most recent analyst rating on (TSE:ARIS) stock is a Buy with a C$17.50 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
Aris Mining Corporation announced a successful ramp-up at its Segovia Operations following the commissioning of a second mill in June 2025, which increased processing capacity by 50%. This expansion has led to a significant rise in mill throughput and gold production, with milling rates averaging 2,415 tonnes per day in July and August. The company remains on track to meet its full-year 2025 production guidance of 230,000 to 275,000 ounces of gold. This development enhances Aris Mining’s operational capabilities and strengthens its position in the gold mining industry, benefiting stakeholders by potentially increasing revenue and market share.
The most recent analyst rating on (TSE:ARIS) stock is a Buy with a C$17.00 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
On September 3, 2025, Aris Mining Corporation announced positive results from the prefeasibility study of its Soto Norte Gold Project in Colombia. The study highlights the project’s robust economics, low operating costs, and strong environmental and social design features. The project is expected to have a 22-year mine life with significant contributions to local employment and community development. The study also emphasizes the project’s commitment to water protection and minimal environmental impact, positioning Soto Norte as a leading gold project in the Americas.
The most recent analyst rating on (TSE:ARIS) stock is a Buy with a C$12.50 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
On September 3, 2025, Aris Mining Corporation released a NI 43-101 Technical Report for the Soto Norte Project in Santander, Colombia. The report, effective as of August 18, 2025, outlines a prefeasibility study that includes projections and estimates related to the project’s development, costs, and potential production. This announcement highlights the company’s strategic focus on advancing its mining operations in Colombia, which could have significant implications for its market positioning and stakeholder interests.
The most recent analyst rating on (TSE:ARIS) stock is a Buy with a C$12.50 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.