Aris Mining Corp · TSX:ARIS
Aris Mining — Q2 2025 Earnings Presentation
15 slides from Aris Mining's earnings presentation, Aug 8, 2025
Slide 1: Higher Gold Sales, Record Adjusted EBITDA & Earnings, Significant Growth in Cash
Higher Gold Sales, Record Adjusted EBITDA & Earnings, Significant Growth in Cash Q2 2025 Earnings Results August 8, 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: Q2 2025 – Record Adjusted Earnings & Growth in Cash
Q2 2025 – Record Adjusted Earnings & Growth in Cash Strong Financial Performance ADJUSTED EARNINGS GOLD PER SHARE1 REVENUE $0.27 $200M Record adjusted net Up 30% from earnings of $48M Q1 2025 ADJUSTED CASH EBITDA2 ON HAND $99M $310M $264 million on trailing +$61M from exercised 12-months (LTM) warra
Slide 4: Quarterly Cash Flow Summary
Quarterly Cash Flow Summary1 US$ millions Q2 2025 Q1 2025 Gold revenue2 $200.2 $154.1 Total cash costs, royalties & social contributions2 (96.3) (83.4) +43% AISC margin growth Sustaining capital (12.7) (7.1) All in sustaining margin $91.2 $63.7 Settlement of the annual income 2 Taxes paid (42.2) (5.
Slide 5: ARIS.WT.A Warrant Liability Impact on Earnings
ARIS.WT.A Warrant Liability Impact on Earnings Q2 2025 INSIGHTS ($000s except shares amount) Q2 2025 Q1 2025 • Net earnings impacted by several non- cash items, most notable is the $50.7M Basic weighted average shares outstanding 179.8 million 171.6 million Loss on Financial Instruments (comprised o
Slide 6: Capitalization Overview
Capitalization Overview x EBITDA 1 (US$ 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 7: Q2 2025 – Operational Performance
Q2 2025 – Operational Performance Segovia: Strong AISC Margin Growth ($ million) Q2 2025 TOTAL GOLD PRODUCTION 58,652oz Owner Mining AISC Margin CMP AISC Margin $87.2 Up 7% from Q1 2025 $58.3 $60.9 $29.4 $44.1 $23.9 $23.0 $32.2 Segovia: Q2 2025 Results $21.0 $57.8 $18.1 $37.0 $35.3 $14.1 $23.1 GOLD
Slide 8: Segovia: Commissioning of Second Mill
Segovia: Commissioning of Second Mill Commissioning of second mill completed in June 2025 on time and within budget • Processing capacity increased by 50%, from 2,000 to 3,000 tpd • Gradual production ramp up in H2 2025 • FY 2025 production expected to be between 210,000 to 250,000 oz • Targeting go
Slide 9: Marmato: Construction of Bulk Mining Zone
Marmato: Construction of Bulk Mining Zone Construction of Bulk Mining Zone advancing • Earthworks for the main substation are completed • Earthworks for the carbon-in-pulp plant platforms are nearing completion • Equipment deliveries continued • Project remains on schedule, first ore and production
Slide 10: Two Major Studies in the Works
Two Major Studies in the Works Soto Norte Project Toroparu Project • New Pre-Feasibility Study (PFS) expected to be published in • New Preliminary Economic Assessment (PEA) expected to be Q3 2025 published in Q3 2025 Located in the historic California mining district of Colombia, Located ~50 km away
Slide 11: 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 12: 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 13: 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 14: 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: $1,520/oz, towards the lower end of the FY Average tonnes milled pe
Slide 15: Q2 2025 Financial Results
Q2 2025 Financial Results (in US$ 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.