Aris Mining Corp · TSX:ARIS
Aris Mining — Investor Presentation (August 2025)
28 slides from Aris Mining's investor presentation, August 2025
Slide 1: Building a Leading Gold Mining Company in Latin America
Building a Leading Gold Mining Company in Latin America Corporate Presentation August 2025 TSX: ARIS | NYSE-A: ARMN TSX: ARIS | NYSE-A: ARMN
Slide 2: Disclaimer
Disclaimer This presentation contains “forward-looking information” or “forward-looking statements” within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including without The forward-looking statements and forward-looking in
Slide 3: Company Overview
Company Overview TSX: ARIS | NYSE-A: ARMN
Slide 4: Aris Mining at a Glance
Aris Mining at a Glance Peer-leading growth: On track to double gold production to over 500 koz/year ATTRIBUTABLE MINERAL RESERVES & RESOURCES2 British Columbia 2 3 7.0Moz 19.9Moz PRODUCING PROJECTS1 P&P GOLD M&I GOLD MINES Vancouver RESERVES RESOURCES GOLD PRODUCTION 211koz 230-275koz Soto Norte –
Slide 5: Portfolio Overview: Doubling Production, Extensive Resources
Portfolio Overview: Doubling Production, Extensive Resources Near-term Growth from Producing Assets Longer-term Growth from Development Projects SEGOVIA MARMATO SOTO NORTE PROJECT3 TOROPARU PROJECT 3.4Moz M&I RESOURCES at 16.1 g/t 1 6.0Moz M&I RESOURCES at 3.0 g/t 1 8.5Moz M&I RESOURCES at 5.5 g/t 1
Slide 6: Strong Financial Foundation
Strong Financial Foundation Key Financial Metrics Key Shareholders TOP 10 SHAREHOLDERS (40%) CASH ON CASH FLOW MMCAP (7.9%) North of South (2.7%) HAND1 GENERATION Mubadala (7.8%) Ruffer (2.6%) Van Eck (5.9%) Neil Woodyer (CEO, 1.8%) Kopernik (4.4%) Baker Steel (1.6%) $310M $264M Invesco (3.4%) Conno
Slide 7: Enhanced Capital Markets Profile
Enhanced Capital Markets Profile Monthly Trading Value and Share Price Performance1 Listing Venues 550.0 Trading in US (US$M) ARIS ARMN Trading in Canada (US$M) Share Price C$ 460 8.00 Capitalization and ADTV 450.0 Avg Monthly Trading2 (US$M) ISSUED & SHARE PRICE3 6.00 OUTSTANDING SHARES 340 C$10.61
Slide 8: Experienced Leadership
Experienced Leadership Board of Directors Management • Our executives have years of experience working together, with demonstrated • A blend of prominent mining industry leaders and influential business figures, ability to enhance operations, extend mine life, obtain permits, deliver projects and in
Slide 9: Aris Mining’s Evolution and Growth Strategy
Aris Mining’s Evolution and Growth Strategy Pursuing a ‘Buy and Build’ Strategy, complemented by strategic capital markets activity CALDAS GCM NYSE-A LISTING SOTO NORTE SEGOVIA MILL GOLD Merger of Listed on NYSE-A and Aris Mining acquired an EXPANSION Acquired Aris Gold and registered with the SEC,
Slide 10: Key Investment Considerations
Key Investment Considerations Expecting to climb the ranks based on gold production Experienced Leadership Peer Mkt. Cap 2 2025 Gold Production Guidance (koz / year)3 Track record of value creation Extensive Gold Resources Equinox 4.8 850 19.9 Moz Measured & Indicated1 at 2 mines 4.3 IAMGold 778 and
Slide 11: Upcoming Catalysts
Upcoming Catalysts Creating a Leading Gold Mining Company in Latin America Q3 2025 Q3 2025 H2 2025 / 2026 H2 2026 Soto Norte Project Toroparu Project Segovia Marmato Pre-Feasibility Study Preliminary Economic On track to deliver 210 – 250 koz First ore from the Bulk Mining Assessment in 2025 and tar
Slide 12: Portfolio Overview
Portfolio Overview TSX: ARIS | NYSE-A: ARMN
Slide 13: Segovia Operations: One of the World’s Highest-Grade Gold Mines
Segovia Operations: One of the World’s Highest-Grade Gold Mines 10.8 g/t mineral reserve grade1, 16.1 g/t mineral resource grade (M&I)1 Asset Overview Operating Mine 2,3 Owner Reserve Tonnes (kt) Reserve Grade (Au g/t) Contained Gold (koz) Macassa Agnico Eagle Mines 5,067 13.1 2,136 Kiena Wesdome Go
Slide 14: Commissioning of Second Mill at Segovia On Time and On Budget
Commissioning of Second Mill at Segovia On Time and On Budget Installation and commissioning of second mill completed in Annual Gold Production (koz) June 2025 • Expansion increases processing capacity by 50%, from 2,000 to 3,000 tpd 300 • Gradual production ramp up in H2 2025 • On track to achieve
Slide 15: Segovia: Robust Cashflow Generation Supporting Growth Initiatives
Segovia: Robust Cashflow Generation Supporting Growth Initiatives Strong AISC Margin Growth ($ million) – Segovia Total AISC and Realized Gold Price Trends ($/oz) – Segovia Owner Mining AISC Margin CMP AISC Margin AISC Margin Realized Gold Price AISC 87.2 3,303 2,855 29.4 58.3 60.9 2,642 2,457 2,313
Slide 16: Partnership with Contract Mining Partners (CMPs) at Segovia
Partnership with Contract Mining Partners (CMPs) at Segovia CMPs at a Glance Mutually Beneficial Partnership Local formal contract mining ARIS MINING CMPs companies with long-term contracts to supply mill feed to Aris Mining ✓ Increases gold production with attractive ✓ Enhanced economics & working
Slide 17: Overview of Marmato Complex
Overview of Marmato Complex Mineralization Cross Section Expansion Project Design1 • Narrow Vein Mining Zone (formerly referred to as Upper Mine): historic narrow vein operation, producing ~25 koz/year from ~1,000 tpd flotation plant • Bulk Mining Zone (formerly referred to as Lower Mine): new under
Slide 18: Marmato Expansion Project
Marmato Expansion Project Construction of Bulk Mining Zone progressing well • Earthworks for the main substation are completed • Earthworks for the carbon-in-pulp plant platforms are nearing completion • Equipment deliveries continue • $53.3 million invested in H1 2025 • Project remains on schedule,
Slide 19: Marmato: MOU to Accelerate Formalization of Small-Scale Miners
Marmato: MOU to Accelerate Formalization of Small-Scale Miners • Led by the Ministry of Energy and Mines with the National Mining Agency (ANM), the Governor of Caldas, the Mayor of Marmato, CORPOCALDAS (the regional environmental authority), and other key community stakeholders, Aris Mining signed a
Slide 20: 2025 Gold Production and AISC Guidance
2025 Gold Production and AISC Guidance 2025 Gold Production Illustration of FY2025 Segovia AISC Margin Calculation Mid-point 2025 Guidance1 H1 2025 Actual Gold Production (oz) 230,000 Aris Mining Owner Mining (60%) (oz) [A] 138,000 Gold Production (oz) – 230,000 to 113,415 Consolidated 275,000 CMP (
Slide 21: Soto Norte: High-grade Development Project with Scale
Soto Norte: High-grade Development Project with Scale High-grade & Long-Life Reserves & Resources (Moz)1 Asset overview • Ownership: Aris Mining 51%, Mubadala 49% MEANINGFUL SCALE AND HIGH GRADE • Building strong community support including with small-scale miners in the area 8.5 • 6.2 g/t Reserve g
Slide 22: Toroparu: Sizeable Project in Guyana
Toroparu: Sizeable Project in Guyana • Significant gold exploration and development project in western Guyana, located ~50 km away from Zijin’s Aurora gold mine and ~110 km away from G Mining’s Oko West development project 5.4Moz 1.2Moz M&I GOLD RESOURCES1,2 INFERRED GOLD • New Preliminary Economic
Slide 23: Appendix
Oliver Dachsel – SVP, Capital Markets Appendix odachsel@aris-mining.com Lillian Chow – Director, Investor Relations & Communications info@aris-mining.com | www.aris-mining.com lchow@aris-mining.com TSX: ARIS | NYSE-A: ARMN
Slide 24: Capitalization Overview
Capitalization Overview x EBITDA 1 (US$ million) Current (adjusted) Price Yield Coupon Maturity Rating Cash2 310 Corp: B1 / B+ / B+ Gold-Linked Secured 7.5% Notes3 36 0.1x 180 n/a 7.500% 26-Aug-27 -- Senior Unsecured 8.000% Notes3 450 1.7x 103.044 7.150% 8.000% 31-Oct-29 B1 / B+ / B+ Total debt 486
Slide 25: Q2 2025 Operating Performance
Q2 2025 Operating Performance Q2 2025 Q1 2025 Q2 2024 Consolidated Gold production increased 7% Gold produced (ounces) 58,652 54,763 49,216 from Q1 2025 Segovia Operations Tonnes milled (t) 167,960 167,150 155,912 Owner Mining AISC: $1,520/oz, towards the lower end of the FY Average tonnes milled pe
Slide 26: Q2 2025 Financial Results
Q2 2025 Financial Results (in US$ millions, unless stated otherwise) Q1 2025 Q1 2025 Q2 2024 30% increase in gold revenue Gold revenue 200.2 154.1 114.2 compared to Q1 2025 driven by higher realized gold prices and higher sales volume Income from mining operations 92.0 60.0 29.8 EBITDA 31.5 39.7 30.
Slide 27: 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 (51%) -
Slide 28: 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