Canada's Aris Mining posts rise in Q4 revenue; forecasts higher 2026 output

Overview

• Canada gold miner's Q4 revenue and adjusted net earnings rose sharply year-over-year

• Gold production in 2025 up 22% from prior year

• Company expects 2026 gold output to rise to 300,000–350,000 ounces

Outlook

• Aris Mining expects 2026 gold production between 300,000 and 350,000 oz

• Company sees Segovia 2026 gold output at 265,000–300,000 oz

• Aris Mining expects Marmato 2026 gold production at 35,000–50,000 oz

Result Drivers

• SEGOVIA EXPANSION - Ramp-up of second mill at Segovia increased tonnes milled and gold grades, boosting annual production

• MARMATO PERFORMANCE - Stable throughput and higher average gold grades at Marmato drove a 23% production increase in 2025

Company press release: ID:nBwbh3bjya

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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$32.00, about 19.9% above its March 11 closing price of C$26.69

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

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