Canada's Aris Mining posts rise in Q4 revenue; forecasts higher 2026 output

Aris Mining

11/03/2026 21:15

Overview

Canada gold miner's Q4 revenue and adjusted net earnings rose sharply year-over-year

Gold production in 2025 up 22% from prior year

Company expects 2026 gold output to rise to 300,000–350,000 ounces

Outlook

Aris Mining expects 2026 gold production between 300,000 and 350,000 oz

Company sees Segovia 2026 gold output at 265,000–300,000 oz

Aris Mining expects Marmato 2026 gold production at 35,000–50,000 oz

Result Drivers

SEGOVIA EXPANSION - Ramp-up of second mill at Segovia increased tonnes milled and gold grades, boosting annual production

MARMATO PERFORMANCE - Stable throughput and higher average gold grades at Marmato drove a 23% production increase in 2025

Company press release: ID:nBwbh3bjya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted Net Income
$94.1 mln
Q4 Net Income
$50.9 mln
Q4 Adjusted EBITDA
Miss
$168 mln
$178.60 mln (1 Analyst)
Q4 EBITDA
$120.4 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Aris Mining Corp is C$32.00, about 19.9% above its March 11 closing price of C$26.69

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)