Aris Mining reported record year-to-date performance for the third quarter of 2026, highlighted by gold revenue of $287 million, which significantly exceeded analyst estimates. While adjusted EPS of $0.35 was slightly below the $0.37 consensus, the company generated $144 million in adjusted EBITDA and maintained a robust cash balance of $419 million. Operations at the Segovia mine faced temporary headwinds from explosives supply constraints in Colombia, but these have since been resolved. Management is now targeting the lower end of its full-year 2026 production guidance of 300,000 to 350,000 ounces as the Marmato CIP plant expansion prepares for its first gold pour in December.
Key Highlights
- Gold revenue reached $287 million with an average realized price of $4,205 per ounce, beating the $156.25 million estimate.
- Adjusted net earnings were $0.35 per share, a 99% increase year-to-date but slightly missing the $0.37 consensus estimate.
- The Marmato CIP plant construction is entering final stages with commissioning underway and first gold pour targeted for December 2026.
- Segovia owner-operated AISC was $1,945 per ounce for the quarter, keeping year-to-date owner-mining AISC at $1,729 per ounce.