Aris Mining Achieves Key Milestone at Marmato Gold Mine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy ARIS?
Source: Newsfilter
- Construction Milestone: Aris Mining has successfully connected the underground development cross-cut at its Marmato gold mine to the new surface decline, marking a significant advancement in the expansion project and supporting the anticipated first gold production in Q4 2026.
- Production Capacity Increase: The new 5,000 tonne per day CIP plant is under construction, and the completed connection will provide continuous underground access for future infrastructure installation and operational readiness, with expected annual gold production reaching approximately 500,000 ounces.
- Strategic Development: The Marmato project is viewed as a key growth initiative for Aris Mining, and as development progresses, it is expected to evolve into a larger-scale, modern underground mining operation, further solidifying the company's position in the South American market.
- Ongoing Updates: Aris Mining is committed to providing continuous updates on the construction and development progress at Marmato, ensuring investors are informed of every significant milestone, thereby enhancing market confidence.
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Analyst Views on ARIS
Wall Street analysts forecast ARIS stock price to rise
8 Analyst Rating
1 Buy
7 Hold
0 Sell
Hold
Current: 20.330
Low
25.00
Averages
25.43
High
28.00
Current: 20.330
Low
25.00
Averages
25.43
High
28.00
About ARIS
Aris Mining Corporation is a Canada-based South America-focused gold mining company. The Company operates two underground gold mines in Colombia: the Segovia Operations and the Marmato Complex. In Guyana, the Company owns the Toroparu gold project. The Company also owns the Soto Norte gold project. The Segovia Operations are 100% owned by the Company and located in a historic mining district of Colombia. The operations include four underground mines and two processing facilities. The Marmato Complex is 100% owned by the Company and is located in a historic mining district of Colombia. The Marmato Complex comprises two distinct zones: Narrow Vein Zone and Bulk Mining Zone. The Narrow Vein Zone is an underground mine in operation. The Bulk Mining Zone is under construction. The Toroparu Project is a 100%-owned, advanced-stage open pit gold project in Guyana. The Soto Norte Gold Project is located in the historic California - Vetas mining district of Colombia’s Santander Department.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Equity Compensation Revision: Aris Mining has decided to revise its equity compensation plans ahead of the 2026 AGM, reducing the initially proposed share reserve caps from 10% to 6% to better align with the company's actual needs and protect shareholder interests.
- Specific Plan Changes: The amended stock option plan will decrease its rolling reserve from 10% to 3%, while the combined reserves for the performance share unit and restricted share unit plans will also be reduced from 5% to 3%, aiding in optimizing resource allocation within the company.
- Shareholder Voting Support: The Board recommends shareholders support the updated equity compensation plans at the upcoming AGM, indicating management's confidence in the new plans, which is expected to enhance shareholder trust in the company.
- Future Production Goals: Aris Mining aims for approximately 1 million ounces of annual gold production, currently advancing expansion projects at Segovia and Marmato, which are expected to significantly boost future production capacity and market competitiveness.
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- Construction Milestone: Aris Mining has successfully connected the underground development cross-cut at its Marmato gold mine to the new surface decline, marking a significant advancement in the expansion project and supporting the anticipated first gold production in Q4 2026.
- Production Capacity Increase: The new 5,000 tonne per day CIP plant is under construction, and the completed connection will provide continuous underground access for future infrastructure installation and operational readiness, with expected annual gold production reaching approximately 500,000 ounces.
- Strategic Development: The Marmato project is viewed as a key growth initiative for Aris Mining, and as development progresses, it is expected to evolve into a larger-scale, modern underground mining operation, further solidifying the company's position in the South American market.
- Ongoing Updates: Aris Mining is committed to providing continuous updates on the construction and development progress at Marmato, ensuring investors are informed of every significant milestone, thereby enhancing market confidence.
See More
- Steady Gold Production Growth: Aris Mining reported approximately 74.3 koz of gold production in Q1 2026, reflecting a 6% quarter-over-quarter increase, which demonstrates the company's stable performance in the gold market and boosts investor confidence.
- Significant Revenue Increase: The company sold around 74.8 koz of gold at a price exceeding $4,860 per ounce, generating approximately $360 million in revenue, marking a 20% increase quarter-over-quarter, indicating strong market demand and effective sales strategies.
- Improved Liquidity: As of March 31, 2026, cash and cash equivalents rose to about $470 million, an increase of approximately $80 million compared to December 2025, showcasing enhanced financial health and providing stronger support for future investments.
- Optimistic Future Outlook: CEO Neil Woodyer stated that gold production in the second half of 2026 is expected to be stronger, driven by higher gold prices and volumes, indicating that the company's competitive position in the market will continue to strengthen.
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- Gold Production Growth: Aris Mining reported gold production of 74,300 ounces in Q1 2026, reflecting a 6% increase over Q4 2025, indicating strong operational performance and enhanced production capabilities in the gold market.
- Significant Revenue Increase: The company achieved gold sales of 74,800 ounces at an average realized price exceeding $4,860 per ounce, resulting in revenue surpassing $360 million, a 20% increase from Q4 2025, showcasing robust market demand and rising prices.
- Strong Cash Flow: As of March 31, 2026, Aris Mining's cash balance exceeded $470 million, an increase of approximately $80 million compared to December 31, 2025, indicating a solid financial position that supports future expansion initiatives.
- Positive Future Outlook: The company anticipates production growth in the second half of 2026, with first gold from the Marmato CIP plant expected in Q4, further enhancing its competitive position and market share in the South American gold sector.
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- Surge in Gold Demand: Global gold demand officially surpassed 5,000 tonnes in 2025, with central banks acquiring 863 tonnes last year, indicating strong demand that drives long-term market growth potential.
- Regulatory Progress: Lake Victoria Gold has formally initiated the government participation process for its Tembo mining project in Tanzania, signaling advancement and potential early cash flow for investors.
- Production Capacity Enhancement: Lake Victoria Gold is negotiating a deal with Nyati Resources to process ore through existing facilities, avoiding heavy upfront capital expenditures and accelerating production timelines to improve cash flow.
- Significant Exploration Results: Lake Victoria Gold's Imwelo project confirmed gold recovery rates of up to 97%, with drilling at Area C returning grades of 11.88 g/t, further solidifying its market position in Tanzania.
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- Structural Shift in Gold Demand: Over the past nine months, gold ETFs have seen significant capital inflows, pushing total assets to historic highs, indicating a sustained market demand for safe-haven assets that could influence future gold price trends.
- Imwelo Project Progress: Lake Victoria Gold's metallurgical testing at the Imwelo Project in Tanzania confirms a gold recovery rate of up to 97%, meaning almost no gold is lost during processing, significantly enhancing the project's economics and production feasibility.
- Ore Processing Advantages: The test results indicate that Imwelo's mineralization is largely free-milling, with 84% of gold directly cyanide-leachable and a recoverable gold component of 42-47% through gravity methods, reducing production costs and operational risks, thereby increasing the project's attractiveness.
- Regional Mineral Potential: Located in Tanzania's Lake Victoria Goldfield, the Imwelo project's metallurgical results are highly consistent with earlier tests from 2013, 2014, and 2017, further reducing processing risks and providing a strong technical foundation for final plant design.
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