Aris Mining reported third‑quarter 2025 financial results, posting record revenue of $253.5 million and adjusted earnings of $71.8 million, or $0.36 per share. Net earnings for the quarter were $42.0 million, and the company’s cash balance rose to $417.9 million.
Gold production for the nine‑month period ended September 30, 2025, totaled 186,651 ounces, with 73,236 ounces produced in Q3 alone. The Segovia operation delivered 65,549 ounces at an all‑in sustaining cost of $1,452 per ounce, while the Marmato Narrow Vein Zone contributed 7,687 ounces. Average tonnes milled reached 2,553 tpd, up 31% from 1,976 tpd in Q2.
Cash flow from operations for Q3 was $90.8 million after sustaining capital and income taxes; EBITDA for the quarter was $96.5 million. The company’s liquidity remains strong, with a cash balance exceeding $400 million.
Compared with prior periods, Q3 2025 revenue was 27% higher than Q2 2025’s $200.2 million and 93% higher than Q3 2024’s $131.6 million. Adjusted earnings also surpassed the $47.8 million reported in Q2 2025 and the $13.1 million of Q3 2024, confirming the record‑setting nature of the results.
Operational highlights include the commissioning of Segovia’s second mill in June 2025, which has accelerated production and helped control costs. Management noted progress on the Marmato Bulk Mining Zone, expected to begin production in the second half of 2026, and continued development of other projects in Colombia and Guyana.
Strategic moves such as the sale of the Juby Gold Project in July 2025, which added $13.2 million to cash, and the exercise of warrants in July 2025, which generated $60.5 million, have bolstered the company’s balance sheet and support its growth strategy.
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