Slide 1: A gold producer in the Americas, expanding for tomorrow
A gold producer in the Americas, expanding for tomorrow Q3 2024 Earnings Results – November 13, 2024
Slide 2: Disclaimer
Disclaimer This presentation contains “forward-looking information” or “forward-looking statements” within the meaning of Canadian and continues to disclose in its Management’s Discussion and Analysis and other publicly filed documents, changes to material securities legislation. All statements incl
Slide 3: Q3 2024 Highlights & Recent Events
Q3 2024 Highlights & Recent Events 1 Our mines produced 53,608 ounces of gold in Q3, up 9% over Q2 Segovia generated a $44.1 million AISC margin in Q3, up 37% from Q2, driven by higher 2 gold production, increased gold prices, and lower AISC per ounce In the past 12 months to September 30, 2024, we
Slide 4: Q3 2024 – Operations review
Q3 2024 – Operations review Consolidated Q3 2024 Q2 2024 YTD 2024 Our mines produced 53,608 ounces of gold in 1 Q3 2024 and 153,591 ounces of gold YTD 2024 Gold produced (ounces) 53,608 49,216 153,591 Segovia Operations Q3 2024 Q2 2024 YTD 2024 Tonnes milled (t) 166,868 155,912 477,205 In Q3 2024, w
Slide 5: YTD 2024 – Operational and financial highlights
YTD 2024 – Operational and financial highlights YTD 2024 Realized Gold Prices and Segovia’s AISC/oz $2,457 $2,313 Realized Gold Price - $/oz 1 Strong increase in realized gold prices $2,062 AISC/oz - Third-Party $1,790 $1,834 $1,571 AISC/oz - Total Effective cost control, AISC/oz down $1,540 2 2% fr
Slide 6: Expansion projects – Segovia process plant expansion
Expansion projects – Segovia process plant expansion The Segovia • As announced in Q4 2023, the Segovia expansion project aims to increase processing capacity from 2,000 to 3,000 tonnes expansion project per day and is progressing as scheduled is expected to • Phase 1 of the Segovia expansion is com
Slide 7: Expansion projects – Marmato Lower Mine
Expansion projects – Marmato Lower Mine Road Access and Plant Platform • Commenced construction in Q3 2023 to access wider porphyry gold mineralization below the Upper Mine • The site access road and portal face were completed in Q3 2024 and the contractor has commenced the decline development in Ma
Slide 8: Q3 2024 Financial Results
Q3 2024 Financial Results (in $ million, unless stated otherwise) Q3 2024 Q2 2024 YTD 2024 Revenue of $131.6M, up 15% QoQ driven by a higher realized gold price of $2,447 /oz (+6%) and Gold revenue 131.6 114.2 350.9 higher gold sales of ~54kozs, up 9% Income from mining operations 38.0 29.8 93.1 Inc
Slide 9: Q3 2024 Summary Cashflow
Q3 2024 Summary Cashflow (in $ million) Q3 2024 Q2 2024 Q1 2024 YTD 2024 Gold revenue $131.6 $114.2 $105.2 $350.9 Total cash costs1 (75.1) (69.8) (64.8) (209.7) • Operating cashflow of $17.2M, up $9.6M QoQ due to Royalties & social contributions (9.3) (6.5) (7.5) (23.4) higher all-in sustaining marg
Slide 10: Strong financial foundation
Strong financial foundation Strong Liquidity Position Pro-forma cash balance (US$ in millions) • Pro Forma Cash on hand: $266 million $30 $266 $40 • Plus: Expected cash flow from operations (Segovia): $132 ($16) Q4 2024 + FY 2025 • Plus: Potential proceeds from warrants of up to $124 $80 million: •
Slide 11: Key take-aways from Q3 financial and operational results
Key take-aways from Q3 financial and operational results 1 9% production increase over Q2 2024, with Segovia operating at nameplate capacity (~2,000 tpd) 2 Segovia generated $44.1M AISC margin in Q3 20241, 37% improvement over Q2 2024 In the past 12 months, generated an Adjusted EBITDA of $147.2 mil
Slide 12: Appendix
Oliver Dachsel SVP Capital Markets odachsel@aris-mining.com Appendix www.aris-mining.com info@aris-mining.com
Slide 13: Aris Mining Mineral Reserves & Resources
Aris Mining Mineral Reserves & Resources Property Proven Probable Proven & Probable Tonnes Gold grade Contained gold Tonnes (kt) Gold grade Contained gold Tonnes (kt) Gold grade Contained gold (kt) (g/t) (koz) (g/t) (koz) (g/t) (koz) Marmato 2,196 4.31 304 29,082 3.08 2,874 31,277 3.16 3,178 Soto No
Slide 14: 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