Aris Mining Updates Segovia Mineral Reserves, Gold Reserves Up 12%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
0mins
Source: Newsfilter
- Significant Resource Growth: As of November 28, 2025, Segovia's measured and indicated mineral resources increased by 7% to 3.6 million ounces, reflecting ongoing exploration success that enhances the company's resource base and future production potential.
- Reserve Increase: Proven and probable mineral reserves rose by 12% to 1.5 million ounces due to successful resource conversion, which will support higher production rates and extend the mine's lifespan.
- High-Grade Inventory: Segovia's mineral inventory averages 15.3 g/t Au, showcasing its high-grade nature, which not only boosts economic returns but also provides a foundation for high-margin production.
- Gold Price Sensitivity Analysis: The company selected a gold price assumption of $3,200 per ounce for resource reporting, and the sensitivity analysis indicates that Segovia's mineral resources are largely insensitive to gold price assumptions, ensuring long-term economic viability.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ARMN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ARMN
Wall Street analysts forecast ARMN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARMN is 16.02 USD with a low forecast of 15.48 USD and a high forecast of 16.56 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 20.470
Low
15.48
Averages
16.02
High
16.56
Current: 20.470
Low
15.48
Averages
16.02
High
16.56
About ARMN
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.
Aris Mining (ARIS:CA) Restructures Board Leadership with Neil Woodyer as CEO
- Board Restructuring: Ian Telfer retires as chair, with Neil Woodyer appointed as chair and CEO, aiming to drive strategic development and enhance market confidence through new leadership.
- Independent Oversight: David Garofalo is named lead independent director, strengthening board oversight to ensure transparency and effectiveness in corporate governance.
- Executive Changes: Doug Bowlby is promoted to president, overseeing daily operations, while the COO role is eliminated, indicating a significant shift in the executive team structure.
- Personnel Impact: Richard Thomas's departure may affect operational strategies and team stability, necessitating close attention to the integration and execution capabilities of the new management team.
Continue Reading
Aris Mining Restructures Board; Neil Woodyer Appointed Chair and CEO
- Board Leadership Change: Ian Telfer retires, and Neil Woodyer is appointed as the new Chair and CEO, reflecting a strategic shift in the company's focus during its growth phase aimed at enhancing decision-making efficiency and execution capabilities.
- Management Restructuring: Doug Bowlby is promoted to President to directly support Woodyer's leadership, with the goal of enhancing execution capabilities in capital markets and corporate strategy through a streamlined management structure.
- Operational Responsibility Realignment: The Chief Operating Officer position has been eliminated, and Richard Thomas has departed, with operational and project execution now led directly by existing executives to improve accountability and decision-making speed, ensuring the achievement of company objectives.
- Long-term Growth Strategy: Aris Mining aims to achieve an annual gold production target of approximately 1.0 million ounces through its mining development projects in Colombia and Guyana, further solidifying its leadership position in the South American gold mining industry.
Continue Reading