With 100% ownership of Segovia, Marmato, Toroparu, and now Soto Norte, Aris Mining is focused on building a large, diversified gold business across Colombia and Guyana. Aris Mining is targeting an annual production rate of more than 500,000 ounces of gold, driven by the commissioning of a second mill at Segovia, completed in June and ramping up during H2 2025, and the construction of the Bulk Mining Zone at the Marmato Complex, with first gold expected in H2 2026.
Cyborg Score Rationale
Market capitalization of 5.49 billion with a 7.36% increase over the last week. EBITDA of 460.30 million CAD with a 30.91% margin. Strong operational momentum with clear path to 500k+ oz production.
Top Insights
Secured 100% ownership of Soto Norte in December 2025, eliminating joint venture complexity and fully controlling production upside
Production expected to more than double from 211k oz (2024) to 500k+ oz annually through mill expansion at Segovia and Bulk Mining Zone at Marmato
Added to S&P/TSX Composite Index in September 2025, validating scale and stability among Canada's most established public companies
Low leverage (0.3x net debt) and strong cash generation ($358M cash on hand) provide flexibility for growth investments and shareholder returns
Named Competitors
Underground Gold Mining — South American focused intermediate producer
Gold Production & Exploration — Diversified mid-tier gold producer with operations across multiple continents
Latin American Gold Mining — Large-cap diversified gold producer with significant Latin American exposure
Recent Developments
(January 2026) Updated Segovia mineral reserve and resource estimates with measured and indicated resources increasing by 7% to 3.6 million oz
(December 2025) Completed acquisition of remaining 49% interest in Soto Norte joint venture in Colombia from Mubadala for 100% ownership
(September 2025) Joined S&P/TSX Composite Index, positioning among Canada's most established public companies
(August 2025) Q2 2025 financial results published; ongoing ramp-up of second mill at Segovia and construction at Marmato Bulk Mining Zone
Open the full interactive Aris Mining Corporation report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.