Business
Aris Mining Reports Q1 2025 Results With Record Adjusted Earnings Per Share, Operational Strength, and Progress on Growth Projects
VANCOUVER, BC, May 7, 2025 /CNW/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces its financial and operating results
About this update from Aris Mining Corp
[{"type":"text","content":" VANCOUVER, BC, May 7, 2025 /CNW/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces its financial and operating results for the three months ended March 31, 2025 (Q1 2025), with a strong start to the year marked by record gold prices, solid production performance, and continued investments in growth. Adjusted earnings per share (EPS) of $0.16 is the highest full quarter result since Aris Mining was formed in September 2022. All amounts are expressed in U.S. dollars unless otherwise indicated. Neil Woodyer, CEO, commented \"Aris Mining had a strong start to 2025, driven by solid operational execution, higher gold prices, and continued progress on our growth initiatives. At Segovia, we maintained production and high margins while advancing the plant expansion, which remains on track for commissioning in June. At Marmato, we are making steady progress on the Lower Mine development, with construction spend ramping up and plant capacity now targeting 5,000 tonnes per day. At our Toroparu Project in Guyana, we have launched a new study to update the development plan, and we look forward to demonstrating the potential of this project.\" Q1 2025 Financial Performance Gold revenue of $154.1 million, an increase of 47% over Q1 2024 and 4% over Q4 2024. Adjusted EBITDA1 of $66.6 million for Q1, and $201.3 million on a trailing 12-month basis, up 134% for the quarter from Q1 2024 and up 20% from Q4 2024. Net earnings2 of $2.4 million, compared to a loss of $0.7 million in Q1 2024. Adjusted net earnings of $27.2 million or $0.16/share, up from $0.04/share in Q1 2024 and $0.14/share in Q4 2024. Record full quarterly adjusted EPS since Aris Mining was formed in September 2022. The Company ended the quarter with a cash balance of $240 million and net debt3 of $250 million, implying a net leverage ratio of 1.2x. Q1 2025 Q4 2024 Q1 2024 Gold production (ounces) 54,763 57,364 50,767 Segovia – Owner Mining ($/ounce sold) $1,482 $1,386 $1,553 Segovia – CMP AISC Margin 41 % 39 % 36 % EBITDA $39.7M $66.6M $22.4M Adjusted EBITDA $66.6M $55.6M $28.4M Adjusted EBITDA, last 12 months $201.3M $163.1M $147.8M Net earnings (loss)2 $2.4M or $0.01/share $21.7M or $0.13/share ($0.7M) or ($0.01)/share Adjusted earnings $27.2M or $0.16/share $24.7M or $0.14/shar...