ARIS · Aris Mining Corporation

Aris Mining delivered a strong first quarter in 2026, with gold production of 74,339 ounces, a 6% increase from Q4 2025, driven primarily by higher grades at the Segovia mine. Gold revenue rose 21% sequentially to $364 million, benefiting from a 4% increase in ounces sold and a higher average realized gold price of $4,861 per ounce, up from $4,200 in Q4 2025. Income from mining operations increased to $204 million from $158 million in the prior quarter, reflecting the higher revenue and cost control. Adjusted EBITDA reached $212 million, up 26% from Q4 2025, and on a trailing twelve-month basis, Adjusted EBITDA was $610 million, demonstrating significant operating leverage to higher gold prices. Net earnings attributable to shareholders were $98 million, or $0.47 per share, compared to $51 million, or $0.25 per share, in Q4 2025. Adjusted net earnings were $124 million, or $0.60 per share, up from $94 million, or $0.46 per share. The company generated $103 million of operating free cash flow after sustaining capital and taxes paid, contributing to a cash balance of $472 million at quarter-end. Net debt was reduced to just $1.6 million from $86 million at year-end 2025, strengthening the balance sheet. The Segovia mine continued to perform well, with AISC of $1,492 per ounce for owner-mining, outperforming the full-year 2026 guidance range of $1,700-$1,800 per ounce. The Marmato expansion project remains on schedule for first gold in Q4 2026, with $41 million invested during the quarter. The company also advanced its Toroparu and Soto Norte projects, with a prefeasibility study for Toroparu targeted for completion in H2 2026 and environmental license submission for Soto Norte expected in Q2 2026.