Slide 1: An Established Gold Producer in South America
An Established Gold Producer in South America Well-positioned portfolio with peer-leading organic growth Q4 and FY 2025 Earnings Results March 12, 2026 TSX & NYSE: ARIS TSX & NYSE: ARIS
Slide 2: Disclaimer
Disclaimer This presentation contains “forward-looking information” or “forward-looking statements” within the meaning of The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining Canadian securities legislation. All statements included herein, oth
Slide 3: 2025 Highlights
2025 Highlights Organic growth and higher gold prices translating into significant operating leverage across the business Gold Production +22% 2025 RESULTS GROWTH ON TRACK Gold Revenue GOLD PRODUCTION SEGOVIA +82% 256,503oz Steady production ramp-up in 2026 Adjusted MARMATO GOLD REVENUE EBITDA Const
Slide 4: 2025 Production and Costs on Target
2025 Production and Costs on Target Delivered on guidance in 2025 Performance Relative 2025 Actuals 2025 Guidance Range to Guidance Aris Mining Gold Production (koz) – Consolidated 257 230 to 275 Segovia Gold production (koz) 228 210 to 250 Cash cost (US$/oz) – Owner Mining1 $1,050 $1,050 to $1,150
Slide 5: 2026 Guidance – Segovia & Marmato
2026 Guidance – Segovia & Marmato Continued growth ahead Production Growth on Track 2026 Guidance ✓ 2025 production exceeded guidance mid-point ✓ 22% production growth compared to 2024 Aris Mining ✓ Momentum carries into 2026 Gold Production (koz) – Consolidated 300 to 350 ~500 Segovia koz Au Gold p
Slide 6: Record Financial Performance in 2025
Record Financial Performance in 2025 Quarterly Adjusted EPS (US$/share) GOLD ADJUSTED REVENUE EBITDA $909M $464M $0.46 Up 82% from Compared to $163M $0.36 2024 in 2024 $0.27 ADJUSTED NET CASH EARNINGS PER SHARE1 ON HAND $0.16 $1.28 $392M Record adjusted net Up from $253M at earnings of $241M2 Dec 31
Slide 7: Cash Flow Summary
Cash Flow Summary1 Q4 2025 Q3 2025 FY 2025 FY2024 Consolidated Operating cash flow (adjusted) after taxes 144 105 373 88 FY 2025 increased 322% from 2024 Less: sustaining capital payments 19 12 51 28 Operating cash flow (adjusted) after sustaining capital and taxes 125 93 322 60 Less: growth and exp
Slide 8: Segovia: Strong AISC Margin Growth
Performance in 2025 Segovia: Strong AISC Margin Growth ($ million) FY 2025 TOTAL GOLD PRODUCTION Owner Mining AISC Margin CMP AISC Margin $151 Segovia Marmato 228 + 29 = 257koz $122 $49 $87 $38 $58 $61 $29 Segovia: FY 2025 Results $23 $24 $103 $83 $58 $35 $37 GOLD PRODUCTION TOTAL AISC MARGIN Q4 202
Slide 9: Segovia: Q4 and FY 2025 Operating Performance
Segovia: Q4 and FY 2025 Operating Performance Q4 2025 Q3 2025 FY 2025 Consolidated Gold production increased 22% Gold produced (ounces) 69,852 73,236 256,503 from 2024 Segovia Operations Q4 impacted by 6.5 days of unscheduled maintenance in Tonnes milled (t) 201,060 219,550 755,720 November, 2026 YT
Slide 10: Marmato Expansion: Construction Update
Marmato Expansion: Construction Update UNDERGROUND DEVELOPMENT SURFACE ACTIVITES • Active mining in the wider porphyry hosted areas is already • The main civil, mechanical, and electrical works are advancing, with underway, materially de-risking the project, via existing access foundations for the m
Slide 11: Marmato Expansion: Construction Update
Marmato Expansion: Construction Update Watch the latest construction update video on our website. TSX & NYSE: ARIS 11
Slide 12: Uplisting to NYSE 'main board' & U.S. symbol to ARIS
Uplisting to NYSE ‘main board’ & U.S. symbol to ARIS Listing Venues ARIS ARIS TSX & NYSE: ARIS 12
Slide 13: Longer-term Growth from Development Projects
Diversified, 100% Owned Growth Pipeline to 1 Moz/year1 Annual Gold Mine / Project 2026 Catalysts Production Run-rate Colombia Near-term Growth from Continued production ramp-up, targeting gold production Producing Assets SEGOVIA ~300 koz of 265 – 300 koz in 2026 Colombia First gold pour from the new
Slide 14: Appendix
Oliver Dachsel – SVP, Capital Markets Appendix odachsel@aris-mining.com Lillian Chow – Director, Investor Relations & Communications info@aris-mining.com | www.aris-mining.com lchow@aris-mining.com TSX & NYSE: ARIS
Slide 15: Q4 and FY 2025 Financial Results
Q4 and FY 2025 Financial Results (in US$ millions, unless stated otherwise) Q4 2025 Q3 2025 FY 2025 19% increase in gold revenue Gold revenue 301.2 253.5 909.1 compared to Q3 2025 driven by higher realized gold prices Income from mining operations 158.1 122.7 432.8 EBITDA 120.4 96.5 288.1 Q4 2025 Ad
Slide 16: Capitalization Overview
Capitalization Overview Current x EBITDA 1 (US$ million) (adjusted) Price Yield Coupon Maturity Rating Cash2 392 Corp: B1 / B+ / B+ Gold-Linked Secured 7.5% Notes3 24 0.05x 355 n/a 7.500% 26-Aug-27 -- Senior Unsecured 8.000% Notes3 450 0.97x 104.787 6.497% 8.000% 31-Oct-29 B1 / B+ / B+ Total debt 47
Slide 17: Illustration of FY 2026 Segovia AISC Margin Calculation
Illustration of FY 2026 Segovia AISC Margin Calculation Segovia’s AISC margin is expected to expand to ~$650 million based on an assumed gold price of $4,400/oz Mid-point Gold Production (koz) 283 Owner Mining (65%) (koz) [A] 184 CMP (35%) (koz) [B] 99 Assumed Gold Price (US$/oz) [C] $4,400 AISC Own
Slide 18: Mineral Reserves & Resources
Mineral Reserves & Resources Property Proven Probable Proven & Probable Tonnes Gold grade Contained Tonnes (kt) Gold grade Contained Tonnes (kt) Gold grade Contained (kt) (g/t) gold (koz) (g/t) gold (koz) (g/t) gold (koz) Marmato 2,196 4.31 304 29,082 3.08 2,874 31,277 3.16 3,178 Soto Norte 2,600 8.
Slide 19: Technical Disclosure
Technical Disclosure Unless otherwise indicated, the scientific disclosure and technical information included in this presentation are based upon information included in the following documents and NI 43-101 compliant technical reports: 1. Technical report entitled “Technical Report for the Marmato