Canada's Aris Mining Q2 gold revenue rose; co invests in capital projects at Marmato and Segovia

Aris Mining

29/07/2026 21:34

Overview
Canada gold miner's Q2 gold revenue rose, with production steady at 73.7 koz
Adjusted EBITDA for Q2 was $179 mln 
Company invested $121 mln in capital projects, mainly at Marmato and Segovia

Outlook
Aris Mining expects 2026 gold production of 300,000 to 350,000 ounces
Company expects Marmato 2026 gold production of 35,000 to 50,000 ounces
Segovia mining capacity and production expected to increase in H2 2026

Result Drivers
SEGOVIA THROUGHPUT - Higher tonnes processed at Segovia due to expanded processing capacity and ongoing underground development
CAPITAL INVESTMENT - Increased capital spending at Segovia and Marmato to support mine development and infrastructure upgrades
MARMATO EXPANSION - Progress on new 5,000 tpd CIP plant at Marmato, with mechanical installation underway and first gold targeted for Q4 2026

Company press release: ID:nBw24XxFda

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Net Income
 
$96 mln
 
Q2 Net Income
 
$94 mln
 
Q2 Adjusted EBITDA
Miss
$179 mln
$208 mln (1 Analyst)
Q2 EBITDA
 
$163 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$36.00, about 76.2% above its July 28 closing price of C$20.43
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
July 28 - Rio Tinto half-year adjusted net income beats estimates on higher gold prices and productivity improvements 
July 29 - Allied Gold's $4 billion sale to China's Zijin collapses, lands $295 million investment
July 28 - Canada's First Quantum Q2 adjusted EPS misses estimates on higher costs

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.)