Slide 1: An Established Gold Producer in South America
An Established Gold Producer in South America Well-positioned portfolio with peer-leading organic growth Q1 2026 Earnings Results May 7, 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: Q1 2026 Highlights
Q1 2026 Highlights Record Revenue, Cash Flow, and Adjusted Earnings with All Four Assets Advancing Los Indios crosscut completed at Marmato Q1 2026 RESULTS GROWTH ON TRACK GOLD PRODUCTION SEGOVIA Ongoing production ramp-up in 2026 74.3koz MARMATO GOLD REVENUE Decline breakthrough into the crosscut o
Slide 4: Record Financial Performance in Q1 2026
Record Financial Performance in Q1 2026 Record financial results driven by production growth, strong gold prices and solid cost controls Gold Ounces Sold Gold Revenue (US$M) & Adjusted EBITDA Adjusted Net Earnings Per (koz) Avg. realized gold price (US$/oz) (US$M) Share1 (US$/share) LTM: 280.6 koz L
Slide 5: Cash Flow Summary
Cash Flow Summary1 Q1 2026 Q4 2025 Q1 2025 Consolidated Cash Balance (US$M) Revenue 372 309 158 Reflects acquisition of 49% of Soto Norte: $60 million $472 cash paid to Mubadala Cost of sales excluding depreciation and depletion (153) (134) (87) G&A and other expenses (17) (13) (5) $418 $392 Payment
Slide 6: Operational Performance in Q1 2026
Operational Performance in Q1 2026 Q1 2026 Total Gold Production (koz) Q1 2026 Processed Grade Segovia Marmato Total Segovia Marmato 66.6 + 7.8 = 74.3 12.41 g/t 3.53 g/t Segovia: Q1 2026 Results Segovia: Realized Gold Price and AISC Trends ($/oz) AISC Margin/oz AISC MARGIN/OZ TOTAL AISC MARGIN Reali
Slide 7: Segovia: Focus on Underground Development
Segovia: Focus on Underground Development SECOND BALL MILL INSTALLED IN JUNE 2025 • Increased processing capacity by 50% to 3,000 tpd • To run the processing plant consistently at 3,000 tpd, both EL SILENCIO SANDRA K owner mining rates and CMP mill feed need to increase o Owner mining rates have sca
Slide 8: Marmato Construction Update
Marmato Construction Update ACCESS TO BULK MINING ZONE COMPLETE • Los Indios crosscut completed on April 17, 2026, providing direct access from the Bulk Mining Zone to the new CIP plant, and enabling: o an additional access and ventilation pathway o more efficient ore and waste haulage between exist
Slide 9: Marmato Construction Update
Marmato Construction Update SURFACE ACTIVITES • Earthworks completed • Key foundations for the mills, tailings thickener as well as leach and CIP tanks completed • Main civil, mechanical, and electrical works are advancing EQUIPMENT • All long lead items for first gold ordered • Major equipment for
Slide 10: Marmato Construction Update
Marmato Construction Update Watch the latest construction update video on our website. TSX & NYSE: ARIS 10
Slide 11: Significant Growth in 2026 and Beyond
Significant Growth in 2026 and Beyond 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
Slide 12: 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 13: Capitalization Overview
Capitalization Overview Current x EBITDA 1 (US$ million) (adjusted) Price Yield Coupon Maturity Rating Cash2 472 Corp: B1 / B+ / B+ Gold-Linked Secured 7.5% Notes3 24 0.04x 275 n/a 7.500% 26-Aug-27 -- Senior Unsecured 8.000% Notes3 450 0.7x 104.285 6.602% 8.000% 31-Oct-29 B1 / B+ / B+ Total debt 474
Slide 14: Q1 2026 Financial Results
Q1 2026 Financial Results (in US$ millions, unless stated otherwise) Q1 2026 Q4 2025 Q1 2025 21% increase in gold revenue Gold revenue 363.8 301.2 154.1 compared to Q4 2025 driven by strong gold prices Income from mining operations 203.7 158.1 60.0 EBITDA 181.9 120.4 39.7 Adjusted EBITDA up 26% from
Slide 15: Q1 2026 Operating Performance
Q1 2026 Operating Performance Q1 2026 Q4 2025 Q1 2025 Consolidated Gold production increased 6% Gold produced (ounces) 74,339 69,852 54,763 from Q4 2025 Segovia Operations Tonnes milled (t) 175,370 201,060 167,150 Average gold grade processed (g/t) 12.41 10.10 9.37 Owner Mining AISC: $1,492/oz, Gold
Slide 16: 2025 Operating Performance and 2026 Guidance
2025 Operating Performance and 2026 Guidance Delivered on guidance in 2025. Continued growth ahead. Production Growth on Track 2025 Performance and 2026 Guidance ✓ 2025 production exceeded guidance mid-point Performance 2025 Guidance 2026 Guidance 2025 Actuals Relative to ✓ 22% production growth com
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