Aris Mining (ARMN) Reports 36.6% Year-over-Year Gold Production Growth in Q3 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2025
0mins
Should l Buy ARMN?
Source: NASDAQ.COM
- Gold Production Growth: Aris Mining produced 73,236 ounces of gold in Q3 2025, marking a 36.6% year-over-year increase, which not only reflects the company's robust performance in the gold market but also indicates an expanding market share in Latin America.
- Segovia Mine Driving Growth: The Segovia mine achieved a gold production of 65,549 ounces, up 38% year-over-year, with the commissioning of a second mill significantly enhancing processing capacity, thereby boosting the company's profitability and competitive edge.
- New Project Development: Aris Mining holds a 51% stake in the Soto Norte Project in Colombia, where a recent pre-feasibility study confirmed its high potential as an undeveloped gold asset, expected to provide strong support for future growth.
- Optimistic Future Outlook: The company anticipates gold production between 230,000 and 275,000 ounces in 2025, positioning Aris Mining to further solidify its presence in the Latin American gold mining industry as it advances its expansion initiatives.
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Analyst Views on ARMN
Wall Street analysts forecast ARMN stock price to fall
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 18.530
Low
15.48
Averages
16.02
High
16.56
Current: 18.530
Low
15.48
Averages
16.02
High
16.56
About ARMN
Aris Mining Corporation is a Canada-based South America-focused gold mining company. The Company operates two underground gold mines in Colombia: the Segovia Operations and the Marmato Complex. In Guyana, the Company owns the Toroparu gold project. The Company also owns the Soto Norte gold project. The Segovia Operations are 100% owned by the Company and located in a historic mining district of Colombia. The operations include four underground mines and two processing facilities. The Marmato Complex is 100% owned by the Company and is located in a historic mining district of Colombia. The Marmato Complex comprises two distinct zones: Narrow Vein Zone and Bulk Mining Zone. The Narrow Vein Zone is an underground mine in operation. The Bulk Mining Zone is under construction. The Toroparu Project is a 100%-owned, advanced-stage open pit gold project in Guyana. The Soto Norte Gold Project is located in the historic California - Vetas mining district of Colombia’s Santander Department.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Board Restructuring: Ian Telfer retires as chair, with Neil Woodyer appointed as chair and CEO, aiming to drive strategic development and enhance market confidence through new leadership.
- Independent Oversight: David Garofalo is named lead independent director, strengthening board oversight to ensure transparency and effectiveness in corporate governance.
- Executive Changes: Doug Bowlby is promoted to president, overseeing daily operations, while the COO role is eliminated, indicating a significant shift in the executive team structure.
- Personnel Impact: Richard Thomas's departure may affect operational strategies and team stability, necessitating close attention to the integration and execution capabilities of the new management team.
See More
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- Board Leadership Change: Ian Telfer retires, and Neil Woodyer is appointed as the new Chair and CEO, reflecting a strategic shift in the company's focus during its growth phase aimed at enhancing decision-making efficiency and execution capabilities.
- Management Restructuring: Doug Bowlby is promoted to President to directly support Woodyer's leadership, with the goal of enhancing execution capabilities in capital markets and corporate strategy through a streamlined management structure.
- Operational Responsibility Realignment: The Chief Operating Officer position has been eliminated, and Richard Thomas has departed, with operational and project execution now led directly by existing executives to improve accountability and decision-making speed, ensuring the achievement of company objectives.
- Long-term Growth Strategy: Aris Mining aims to achieve an annual gold production target of approximately 1.0 million ounces through its mining development projects in Colombia and Guyana, further solidifying its leadership position in the South American gold mining industry.
See More
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- Gold Production Growth: Aris Mining reported full-year 2025 gold production of 256,503 ounces, a 22% increase from the previous year, reflecting ongoing expansions and improved efficiency at the Segovia and Marmato projects.
- Future Production Outlook: The company forecasts 2026 gold output to rise to between 300,000 and 350,000 ounces, driven by the installation of Segovia's second ball mill and increased production from Marmato, which significantly de-risks the project.
- Strong Cash Position: As of December 31, 2025, Aris Mining reported a cash balance exceeding $390 million, net of the $60 million used for acquiring the remaining 49% interest in Soto Norte, indicating robust financial health.
- Strong Quarterly Performance: The fourth quarter of 2025 saw production of 69,852 ounces, capping off a year of strong operational execution, which contributed to a nearly 2% rise in share price during extended trading.
See More
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- 2025 Production Growth: Aris Mining achieved gold production of 256,503 ounces in 2025, representing a 22% increase over 2024, primarily driven by the expansion of the Segovia mill and above-guidance performance at Marmato, highlighting the company's strong growth potential in gold production.
- Strong Q4 Performance: The fourth quarter production reached 69,852 ounces, slightly lower than Q3 due to unscheduled maintenance in November, yet the overall operational execution remains robust, indicating the company's resilience and adaptability in facing challenges.
- Future Growth Expectations: The company forecasts gold production to rise to 300,000 to 350,000 ounces in 2026, supported by continued ramp-up at Segovia and increased output from Marmato, reflecting strategic success in capacity expansion and project de-risking.
- Diversified Development Strategy: Aris Mining aims to drive annual production to one million ounces through expansions at Segovia and Marmato, along with the development of the Toroparu project in Guyana, showcasing its long-term growth potential in the South American gold market.
See More
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- 2025 Production Growth: Aris Mining achieved gold production of 256,503 ounces in 2025, representing a 22% increase over 2024, exceeding the midpoint guidance of 230,000-275,000 ounces, highlighting the effectiveness of expansions at Segovia and Marmato.
- Strong H2 Performance: The company reported a production of 143,088 ounces in the second half of 2025, a 26% increase over the first half, driven by the installation of a second ball mill at Segovia, indicating successful capacity enhancement.
- Robust Cash Flow: As of December 31, 2025, Aris Mining had a cash balance exceeding $390 million, net of $60 million used for acquiring the remaining 49% interest in Soto Norte, demonstrating financial stability during its expansion phase.
- Future Growth Potential: The company expects gold production to reach between 300,000 and 350,000 ounces in 2026, primarily due to ongoing ramp-up at Segovia and the commissioning of the new CIP plant at Marmato, indicating significant progress in its multi-asset gold producer strategy.
See More
