Aris Mining Corporation (TSX: ARIS) reported Q3 2025 revenue of $258.1 million from operations, up 94% from $134.7 million in Q3 2024, driven by higher gold sales and a much higher realized gold price.
Cost of sales also rose to $113.7 million from $83.2 million last year. Despite higher costs, income from mining operations increased to $122.7 million from $38.0 million in Q3 2024.
This further led to a jump in operating income to $106.2 million, up from $31.9 million last year.
Aris Mining recorded a $6.4 million loss on financial instruments, a $3.2 million loss on the sale of the Juby Project, $2.4 million of finance income, $9.4 million of finance costs and a $13.5 million foreign exchange loss.
Net income came down to $42.0 million or $0.21 per share compared with a net loss of $2.1 million or $0.01 per share in Q3 2024. Adjusted EBITDA was $131.1 million, about triple the $43.0 million in Q3 2024.
Operating cash flow was $105.7 million, up from $31.1 million in Q3 2024. Cash and cash equivalents were $417.9 million at the end of the quarter compared with $252.5 million at December 31, 2024.
On operations, gold production was 73,236 ounces, up from 53,608 ounces in Q3 2024. Segovia produced 65,549 ounces while Marmato’s Narrow Vein Zone produced 7,687 ounces. Gold sold was 73,001 ounces, also up from 53,769 ounces.
Segovia recorded a realized gold price of $3,494 per ounce, well above the $2,457 an ounce recorded in Q3 2024. Owner mining sold 40,984 ounces at a cash cost of $999 per ounce and an AISC of $1,452 per ounce. CMP sourced ounces sold 24,596 ounces at an AISC of $1,955 per ounce.
CEO Neil Woodyer said the Segovia ramp is delivering record revenue, cash flow and earnings and that technical studies on Soto Norte and Toroparu support growth beyond Segovia and Marmato. Construction of the Marmato Bulk Mining Zone remains scheduled for first gold in the second half of 2026.
Aris Mining last traded at $13.02 on the TSX.
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
