2026 production expected to rise to 300,000–350,000 ounces, driven by Segovia ramp-up and Marmato expansion
VANCOUVER, BC, Jan. 21, 2026 /PRNewswire/ – Aris Mining Corporation (Aris Mining or the Company) (TSX:ARIS) (NYSE-A: ARMN) reports gold production of 256,503 ounces (oz) for the full year ended December 31, 2025, representing a 22% increase over 2024 production of 210,995 oz, driven by the expanded Segovia mill and above-guidance performance at Marmato. Fourth quarter production of 69,852 oz capped off a year of strong operational execution.
2025 Gold Production Highlights:
- 2025 production of 256,503 oz, exceeding the guidance midpoint (230,000-275,000 oz).
- H2 2025 production of 143,088 oz, up 26% over H1 2025, reflecting the installation of Segovia’s second ball mill in June 2025.
- Cash balance of over US$390 million1 at December 31, 2025, net of the US$60 million cash used for the Q4 2025 acquisition of the remaining 49% interest in Soto Norte.
Neil Woodyer, CEO of Aris Mining, commented “2025 was a pivotal year for Aris Mining. The successful expansion and on-going ramp-up at Segovia drove 26% production growth in the second half of the year, while Marmato delivered steady, above-guidance results as underground development progressed and construction of the new CIP plant and related infrastructure advanced on schedule. Q4 2025 production at Segovia was modestly lower than Q3 due to unscheduled maintenance in November, and normal operations resumed in December. We exited 2025 with strong momentum and a clear growth pipeline as we build a diversified, multi-asset gold producer with the potential to reach one million ounces of annual production, including Toroparu and Soto Norte2.
Looking ahead to 2026, we expect consolidated production of 300,000 to 350,000 oz, supported by continued ramp-up at Segovia and increasing production from Marmato from Q4 2026 onwards, where active mining in the wider porphyry areas is already underway, materially de-risking the project.”
Table 1: Consolidated Group in 2025
|
Gold Production & Sales |
Q4 20253 |
Q3 2025 |
Q2 2025 |
Q1 2025 |
2025 |
|
Segovia (ounces) |
63,137 |
65,549 |
51,527 |
47,549 |
227,762 |
|
Marmato (ounces) |
6,715 |
7,687 |
7,125 |
7,214 |
28,741 |
|
Total production (ounces) |
69,852 |
73,236 |
58,652 |
54,763 |
256,503 |
|
Total sales (ounces) |
71,717 |
73,001 |
61,024 |
54,281 |
260,023 |
Table 2: Segovia – Quarterly Production Data
|
Operating Information |
Q4 20253 |
Q3 2025 |
Q2 2025 |
Q1 2025 |
2025 |
|
Tonnes processed (kt) |
201 |
220 |
168 |
167 |
756 |
|
Tonnes per day (tpd) |
2,338 |
2,553 |
1,976 |
1,966 |
2,210 |
|
Average gold grade processed (g/t) |
10.10 |
9.87 |
9.85 |
9.37 |
9.82 |
|
Recoveries (%) |
96.1 % |
96.1 % |
96.1 % |
96.1 % |
96.1 % |
|
Gold produced (ounces) |