Aris Mining Corp · TSX:ARIS
Aris Mining — Investor Presentation (March 2025)
31 slides from Aris Mining's investor presentation, March 2025
Slide 1: Building a Leading Gold Mining Company in Latin America
Building a Leading Gold Mining Company in Latin America Corporate Presentation March 2025 TSX: ARIS | NYSE-A: ARMN
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: Company Overview
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Slide 4: Aris Mining at a Glance
Aris Mining at a Glance On track to double gold production to over 500 koz/year ATTRIBUTABLE MINERAL RESERVES & RESOURCES2 British Columbia 2 PRODUCING 3 PROJECTS1 7.0Moz 19.9Moz P&P GOLD M&I GOLD MINES Vancouver RESERVES RESOURCES GOLD PRODUCTION 211koz 230-275koz Soto Norte – 51% VENEZUELA IN 2024
Slide 5: Key Investment Considerations
Key Investment Considerations Extensive Gold Resources 19.9 Moz Measured & Indicated1 at 2 mines and 3 projects Organic Growth Doubling production from in-progress expansions to over 500 koz/year Partnership Approach Collaboration with Contract Mining Partners: a responsible & mutually beneficial bu
Slide 6: Doubling Gold Production & Extensive Gold Resources
Doubling Gold Production & Extensive Gold Resources Operations / Expansion / In Construction Permitting / Greenfield / Exploration 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 5.4Moz M&I RE
Slide 7: Organic Growth to Double Gold Production
Organic Growth to Double Gold Production Expecting to climb the ranks based on gold production Ranking near the top of peers for mineral resources Peer Mkt. Cap 1 2025 Gold Production Guidance (koz / year)2 Peer Measured and Indicated & Inferred Mineral Resources (Moz Au)1 IAMGold 3.3 778 Equinox 38
Slide 8: Partnership Approach: Mutually Beneficial Collaboration
Partnership Approach: Mutually Beneficial Collaboration PARTNERSHIPS WITH CMPs Aris Mining collaborates with local small-scale mining groups, known as Contract Mining Partners (CMPs), to create mutually beneficial partnerships that increase our production with attractive economics while supporting a
Slide 9: Mutually Beneficial Partnership Expanding Opportunities for Everyone
Mutually Beneficial Partnership Expanding Opportunities for Everyone CONTRACT MINING ARIS MINING GOVERNMENT ENVIRONMENT PARTNERS (CMPs) ✓ Increases gold production ✓ Enhanced economics ✓ Supports Government’s ✓ Eliminates use of mercury, with attractive economics paired with safer and more formaliza
Slide 10: Financial Strength
Financial Strength LONG-TERM DEBT STRONG LIQUIDITY LOW LEVERAGE STRUCTURE $253M 1.5X Limited secured debt Long-term unsecured • $44 million principal1 • $450 million bond cash on hand1 • Amortizing quarterly • 8.000% coupon • Final maturity in • Issued Oct 2024 $82 million of stream funding Net Debt
Slide 11: Experienced Leadership
Experienced Leadership Board of Directors Management • Our executives have years of experience together, with demonstrated ability to • A blend of prominent mining industry leaders and influential business figures, enhance operations, increase mineral resources, obtain permits, deliver projects incl
Slide 12: 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 13: Asset Overview
Asset Overview () ARIS MINING
Slide 14: 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 reserve grade1, 16.1 g/t 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 Wesdome Gold Kiena 2,061 11.0 73
Slide 15: Segovia Operations: Cashflow engine expanding by more than 50%
Segovia Operations: Cashflow engine expanding by more than 50% Cash flow generation quarter over quarter Increasing gold production by more than 50% Increasing throughput capacity from 2,000 tpd $1,157 to 3,000 tpd, with gradual 300 mill feed ramp-up in AISC margin ($/oz) second half 2025 1 $917 210
Slide 16: Growth Projects: Segovia Processing Plant Expansion
Growth Projects: Segovia Processing Plant Expansion Phase 1: Complete • The new CMP receiving facility commenced accepting material in October 2024 Increasing processing Phase 2: Underway capacity from • Installation of a second ball mill in the former contractor receiving area • On schedule with mi
Slide 17: Growth Projects: Marmato Lower Mine
Growth Projects: Marmato Lower Mine Mineralization cross section Lower Mine design1 • Upper Mine: historic narrow vein operation, producing ~25 koz/year from ~1,000 tpd processing facility • Lower Mine: new underground mine to access wider porphyry mineralization with new, dedicated 5,000 tpd proces
Slide 18: Growth Projects: Marmato Lower Mine Progress
Growth Projects: Marmato Lower Mine Progress Lower Mine construction progress update Access roads to the Lower Marmato Decline development underway Process plant foundation earthworks process facility and accommodation with 200 metres completed to 12% ahead of schedule as of the end of camp now 100%
Slide 19: Growth Projects: Enhanced Marmato Expansion
Growth Projects: Enhanced Marmato Expansion • Enhanced Marmato expansion includes: • upgrading the in-construction CIP processing facility by 25% to 5,000 tpd; and • expanding our CMP business model at existing Upper Mine flotation processing facility • The upgraded 5,000 tpd design will use the maj
Slide 20: Growth Projects: Enhanced Marmato Expansion (cont'd)
Growth Projects: Enhanced Marmato Expansion (cont’d) Estimated cost to complete expanded Marmato Lower Mine 2023 2025 Construction planning comparison Change Construction Plan Updated Plan Design capacity (tpd) 4,000 5,000 1,000 tpd, +25% Total upfront construction capital ($M) 280 365 $85 million,
Slide 21: Soto Norte: High-grade Development Project with Scale
Soto Norte: High-grade Development Project with Scale High-grade & long-life Reserves & Resources (Moz)1 Asset overview • Ownership: Aris Mining 51%, Mubadala 49% MEANINGFUL SCALE AND HIGH GRADE • Building strong community support, particularly with small-scale miners in the area 8.5 • 6.2 g/t Reser
Slide 22: Toroparu: Sizeable Development Project in Guyana
Toroparu: Sizeable Development Project in Guyana • Significant gold exploration and development project in western Guyana in close relative proximity to other gold mining assets such as Aurora (Zijin) and Oko West (G Mining) 5.4Moz 1.2Moz M&I GOLD RESOURCES1,2 INFERRED GOLD • The project has undergo
Slide 23: Appendix
Oliver Dachsel – SVP, Capital Markets Appendix odachsel@aris-mining.com Lillian Chow – Director, Investor Relations & Communications info@aris-mining.com | www.aris-mining.com lchow@aris-mining.com
Slide 24: Capitalization Overview
Capitalization Overview Capitalization Overview Share Capital Structure x EBITDA Issued and outstanding shares 171.8M LTM 1 (US$ million) Current (adj) Price Yield Coupon Maturity Rating Share price – as of March 13, 2025 C$6.36/ US$4.43 Cash2 253 Corp: B1 / B+ / B+ Market capitalization (issued sha
Slide 25: 2025 Gold Production and AISC Guidance
2025 Gold Production and AISC Guidance Segovia Operations 2024 Guidance 2024 Actual 2025 Guidance1 Gold production (oz) 185,000 – 195,000 187,583 210,000 to 250,000 2025 CONSOLIDATED Cash cost (US$/oz) – Combined $1,125 to $1,225 $1,228 GOLD PRODUCTION GUIDANCE AISC (US$/oz) – Combined $1,400 to $1,
Slide 26: Q4 2024 Operating Performance
Q4 2024 Operating Performance Q4 2024 was a standout quarter, Q4 2024 Q3 2024 2024 delivering our highest gold production of the year at Consolidated 57,364 oz Gold produced (ounces) 57,364 53,608 210,955 Slightly increased throughput and Segovia Operations a 7% increase in average gold grade proces
Slide 27: Q4 2024 Financial Results
Q4 2024 Financial Results (in US$ millions, unless stated otherwise) Q4 2024 Q3 2024 2024 13% increase in gold revenue in Q4 2024 reflecting stronger Gold revenue 148.4 131.6 499.3 gold sales and higher realized gold prices Income from mining operations 54.1 38.0 147.3 EBITDA 66.6 27.8 147.5 42% inc
Slide 28: Segovia Operations: History of growing resources
Segovia Operations: History of growing resources, 2023 step-up enabling plant expansion • Segovia’s exploration programs continue to deliver outstanding Mineral Resources (Moz)1 1.8 2.5 high-grade intersections2 +13% • Exceptional growth in 2023, with 1.6 increased reserve based mine 1.7 1.3 1.2 lif
Slide 29: Delivering Growth Responsibly
Delivering Growth Responsibly Highlighting Some of our Key ESG Initiatives Sustainability Report • Committed to social spending at both Segovia Operations and Marmato Mine To promote our ongoing commitment to Communities • Driving key development through education: we fund the bilingual La Salada tr
Slide 30: Aris Mining Mineral Reserves & Resources
Aris Mining 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 No
Slide 31: 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