ARIS · Aris Mining Corporation

Aris Mining delivered record Q1 2026 financial performance, driven by robust operational execution across its portfolio. Gold production rose 6% quarter-over-quarter to 74.3 koz, with Segovia contributing 66.6 koz (a 5% increase) on higher mill feed grade (12.41 g/t vs. 10.10 g/t), while Marmato added 7.8 koz (up 16%). Revenue surged 21% to $364 million, outpacing production growth due to improved margins: Segovia’s owner-operated AISC fell to $1,492/oz — below full-year guidance — and CMP-sourced margin hit 40%, at the top end of guidance. Adjusted EBITDA climbed 26% to $212 million, reflecting both volume gains and cost discipline, with trailing 12-month Adjusted EBITDA reaching $610 million. Management attributed strength to the Segovia ramp-up, stable Marmato operations ahead of CIP commissioning, and disciplined capital allocation — evidenced by $42 million in net cash flow after funding growth initiatives. Project milestones reinforce execution credibility: Marmato’s decline breakthrough enables direct access to the new CIP plant; Toroparu’s PFS advances toward a 2027 construction decision; and Soto Norte’s environmental license application targets Q2 2026 submission. With cash at $472 million and net debt near zero, Aris Mining is financially positioned to advance its longer-term objective of ~1 million ounces annual gold production without external financing pressure.