Aris Mining on Track for 2026 Production Targets Amid Expansion…

Event summary

Aris Mining produced 217.3 thousand ounces (koz) of gold in the first nine months of 2026, up 16% from the same period in 2025.
Q3 2026 gold sales reached 68.4 koz at an average price of $4,204 per ounce, generating $287 million in revenue.
Marmato’s Cascabel 3 filtered tailings facility was commissioned, and the CIP plant remains on track for first gold in Q4 2026.
Segovia’s owner-mined tonnes increased by 23% from Q1 to Q3 2026, with partner production expected to ramp up after resolving explosive access constraints.
Cash balance stood at $419 million as of September 30, 2026, including $42 million from Wheaton Precious Metals.

The big picture

Aris Mining’s Q3 2026 results highlight steady progress in its expansion projects, with Segovia and Marmato poised to support annual gold production of approximately 500,000 ounces once fully ramped up. The company’s strategic focus on increasing production capacity aligns with broader industry trends of optimizing operational efficiency and leveraging high-grade assets in South America. The resolution of explosive access constraints and the commissioning of key facilities demonstrate Aris Mining’s ability to navigate regulatory and operational challenges.

What we're watching

Production Ramp-Up: Whether Aris Mining can sustain the ramp-up in production at Segovia and Marmato to meet the lower end of its 2026 guidance of 300,000 to 350,000 ounces.
Expansion Milestones: The pace at which Marmato’s CIP plant and Segovia’s second mill reach full operational capacity in 2027.
Project Timelines: How the completion of the Toroparu Prefeasibility Study and the Soto Norte Environmental and Social Impact Assessment will impact future production targets.