Canada's Aris Mining Q1 revenue rises sequentially on higher gold output

Aris Mining

06/05/2026 22:15

Overview

Canada gold miner's Q1 revenue rose 21% from Q4 2025, driven by higher gold output

Adjusted net earnings for Q1 rose QoQ to $124 mln from $94 mln

Company attributed record results to increased production, higher grades, and expansion progress

Outlook

Aris Mining expects Marmato CIP plant to produce first gold in Q4 2026

Company plans Marmato CIP plant ramp-up to 3,000 tpd by end-2026, 5,000 tpd by end-2027

Aris Mining maintains longer-term objective of approximately 1 mln ounces annual gold production

Result Drivers

SEGOVIA OUTPUT AND GRADE - Q1 production at Segovia rose 5% over Q4 2025, supported by a 23% increase in average mill feed grade, boosting gold output and margins

MARMATO THROUGHPUT - Marmato production rose 16% over Q4 2025, reflecting higher throughput and ore sourced from development and stopes in the Bulk Mining Zone

LOWER SEGOVIA OWNER-MINING COSTS - Owner-operated mining at Segovia delivered lower AISC, outperforming guidance due to higher grades and more attributable ounces sold

Company press release: ID:nBw2CpkvCa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Net Income
$124 mln
Q1 Net Income
$98 mln
Q1 Adjusted EBITDA
Beat
$212 mln
$161 mln (1 Analyst)
Q1 EBITDA
$182 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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$41.00, about 73.7% above its May 5 closing price of C$23.60

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 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.)