Aris Mining Corp · TSX:ARIS
Aris Mining — Investor Presentation (November 2026)
39 slides from Aris Mining's investor presentation, November 2026
Slide 1: Building a Major Gold Producer in South America
Building a Major Gold Producer in South America On the road to 1 million ounces a year Corporate Presentation November 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: Overview
OVERVIEW Scale & Growth | Financial Strength | Leadership TSX & NYSE: ARIS
Slide 4: Aris Mining at a Glance
Aris Mining at a Glance Four high-quality gold assets: targeting gold production of 1 Moz/year1 from operating mines and projects. 2 2 SCALE & GROWTH Operating mines, with expansions underway PRODUCING MINES DEVELOPMENT PROJECTS Development projects Corporate offices 257koz 300 - 350koz 2025 GOLD PR
Slide 5: On the Road to One Million Ounces
On the Road to One Million Ounces Organic growth focused strategy to create a major gold producer in South America. 1 LONG-LIFE ASSETS Targeting 1Moz/year from four assets1 2 3 FINANCIAL EXPERIENCED STRENGTH LEADERSHIP Clean capital structure. Track record of Strong liquidity and success building go
Slide 6: Long-Life Assets
1 Long-Life Assets NEAR-TERM GROWTH FROM PRODUCING ASSETS LONGER-TERM GROWTH FROM DEVELOPMENT PROJECTS SEGOVIA MARMATO TOROPARU SOTO NORTE M&I RESOURCES1 M&I RESOURCES1 M&I RESOURCES1 M&I RESOURCES1 3.6Moz 15.3g/t 6.0Moz 3.0g/t 5.3Moz 1.3g/t 7.0Moz 5.6g/t PRODUCTION POTENTIAL PRODUCTION POTENTIAL 20
Slide 7: Financial Strength
2 Financial Strength Increasing profitability. Significant cash flow generation. Strong liquidity, low leverage. INCREASING REVENUE, PROFITABILITY AND OPERATING CASH FLOW (US$)1 REVENUE ADJUSTED EBITDA ADJUSTED NET CASH PROVIDED BY (LTM) (LTM) OPERATING ACTIVITIES (LTM) $1.3B $702M $438M STRONG BALA
Slide 8: Experienced Leadership
3 Experienced Leadership Board of Directors Management A blend of prominent mining industry leaders and influential business figures, Our executives have years of experience working together, with demonstrated ability including three former Colombian government ministers and a leading Colombian to s
Slide 9: Record YTD Performance
Record YTD Performance Stronger production and higher realized prices translated into record revenue, EBITDA, and earnings. Gold Ounces Sold Gold Revenue (US$M) & Adjusted EBITDA Adjusted Net Earnings Per (koz) Avg. Realized Gold Price (US$/oz) (US$M) Share1 (US$/share) $5,000 215.3 $4,515 $1,120 $5
Slide 10: Four Assets Advancing, Creating a Path to Moz/year
Four Assets Advancing, Creating a Path to 1 Moz/year1 Near-term and longer-term growth. Clearly defined milestones in 2026 and beyond. ANNUAL GOLD PRODUCTION POTENTIAL ~500 + ~500 = ~1 Moz koz/year koz/year per year Producing assets after expansions Development projects Combined longer-term potentia
Slide 11: Aris Mining x CMPs
Aris Mining x CMPs Mutually Beneficial Partnership and Lasting Positive Impact ARIS MINING CMPs Increases gold production with attractive Enhanced economics & working capital financing economics Safer and more responsible operations through Extends mine life access to industrial processing c
Slide 12: Key Investment Considerations
Key Investment Considerations Cash generating gold producer with peer-leading growth. High-quality asset base in prolific gold belts, with 100% ownership across four core assets Clear, well sequenced organic pathway to one million ounces per year1 Strong balance sheet and cash flow generation to fun
Slide 13: Asset Portfolio
ASSET PORTFOLIO TSX & NYSE: ARIS
Slide 14: Segovia
SEGOVIA TSX & NYSE: ARIS
Slide 15: Segovia: One of the World's Highest-Grade Gold Mines
SEGOVIA One of the world’s highest-grade gold mines MINERAL RESERVES & RESOURCES1 1.5Moz 3.6Moz P&P GOLD RESERVES M&I GOLD RESOURCES AT 10.7 g/t AT 15.3 g/t ANNUAL GOLD PRODUCTION 265-300koz 300koz 2026 GUIDANCE STEADY STATE SIGNIFICANT MARGINS $1,729/oz $636M OWNER MINING LTM AISC AISC YTD2 MARGIN2
Slide 16: Segovia Focus on Underground Development
SEGOVIA Focus on Underground Development • Underground development focused on increasing mining rates and improving haulage efficiency through EL SILENCIO SANDRA K o new surface ramps at El Silencio and Providencia o a main underground haulage circuit connecting the El Silencio, Providencia and Sand
Slide 17: Marmato
MARMATO TSX & NYSE: ARIS
Slide 18: Marmato Production Ramp-Up Starting in Q4 2026
MARMATO Production Ramp-Up Starting in Q4 2026 MINERAL RESERVES & RESOURCES1 MINERALIZATION CROSS SECTION 3.2Moz 6.0Moz Narrow Vein Mining Zone Bulk Mining Zone P&P GOLD RESERVES M&I GOLD RESOURCES AT 3.2 g/t AT 3.0 g/t Fortaleza and Northern prospects ANNUAL GOLD PRODUCTION 35-50koz 200koz 2026 GUI
Slide 19: Marmato Transforming into a Larger-Scale Operation
MARMATO Transforming into a Larger-Scale Operation 2026 EXECUTION PROGRESS ✓ New Bulk Mining Zone: operational Los Indios crosscut completed in April 2026. Mill feed stockpiles building ahead of CIP commissioning in December 2026. ✓ Flotation plant refurbishment completed in Q3 2026 Primary ball mil
Slide 20: Marmato Construction Update: CIP Plant
MARMATO Construction Update: CIP Plant Watch the latest construction update video on our website. TSX & NYSE: ARIS 20
Slide 21: Toroparu
TOROPARU TSX & NYSE: ARIS
Slide 22: Toroparu Long-Life, Low-Cost Open Pit Gold Project
TOROPARU Long-Life, Low-Cost Open Pit Gold Project in Guyana1 MINERAL RESOURCES2 5.3Moz 1.2Moz M&I GOLD RESOURCES INFERRED GOLD AT 1.3 g/t RESOURCES AT 1.6 g/t PRODUCTION POTENTIAL 5.0Moz 235koz LIFE OF MINE LOM ANNUAL AVERAGE KEY METRICS >21 years <$1,300/oz MINE LIFE AISC3 $820M $1.8B INITIAL CONS
Slide 23: Toroparu Preliminary Economic Assessment Results
TOROPARU Preliminary Economic Assessment Results1 ANNUAL PROCESSED GOLD GRADE AND TOTAL GOLD PRODUCTION 2.00 300 1.06 1.08 1.16 1.14 1.15 1.06 1.00 1.02 1.02 1.04 1.18 0.98 0.99 1.00 250 Gold produced (koz) - 200 (1.00) 150 227 246 241 243 246 213 224 217 218 219 215 220 (2.00) 100 50 (3.00) 60 - (4
Slide 24: Toroparu Project Location
TOROPARU Project Location Toroparu Oko West Puruni Landing Groundbreaking ceremony of Puruni bridge (Sept 5, 2026) Toroparu (ARIS) Oko West (GMIN) Bridge construction Puruni bridge construction progress (Oct 28, 2026) TSX & NYSE: ARIS 24
Slide 25: Soto Norte
SOTO NORTE TSX & NYSE: ARIS
Slide 26: Soto Norte: One of the Most Attractive Gold Projects in the Americas
SOTO NORTE One of the Most Attractive Gold Projects in the Americas SUMMARY MINERAL RESERVES & RESOURCES (Au Moz)1 • Location: Santander, Colombia (~350 km from Bogota) • Soto Norte is a high-grade, low cost, long-life underground project, designed to use proven and safe mining and processing method
Slide 27: Soto Norte Prefeasibility Study Results
SOTO NORTE Prefeasibility Study Results ANNUAL PROCESSED GOLD GRADE AND GOLD PRODUCED IN CONCENTRATES1,2 350 9.62 9.82 10.29 8.74 8.92 9.05 8.75 8.44 8.17 7.64 10.0 300 5.32 250 5.0 Gold Production (koz) 200 Au (g/t) 150 294 308 - 262 268 271 263 253 216 229 100 171 158 -5.0 50 - -10.0 Y1 Y2 Y3 Y4 Y
Slide 28: Soto Norte Responsible Development Approach
SOTO NORTE Responsible Development Approach COMMUNITY PROCESSING CAPACITY MINIMAL WATER USE AND SURFACE A processing plant with 20% excess capacity (750 tpd) TAILINGS STORAGE to facilitate local, small scale miner formalization Recycling system will allow 96.5% water reuse. Almost half of the produc
Slide 29: Well Sequenced Growth Pipeline to 1 Moz/year
Well Sequenced Growth Pipeline to 1 Moz/year1 Near-term Growth from Longer-term Growth from Strong Financial Producing Assets Development Projects Foundation (US$) Colombia Guyana ADJUSTED EBITDA (LTM)2 $702M SEGOVIA TOROPARU ADJUSTED NET CASH PROVIDED BY OPERATING ACTIVITIES (LTM)2 $438M Colombia C
Slide 30: Contact
Oliver Dachsel – SVP, Capital Markets Appendix odachsel@aris-mining.com Lillian Chow – Director, Investor Relations & Communications info@aris-mining.com | www.aris-mining.com lchow@aris-mining.com TSX & NYSE: ARIS
Slide 31: Capitalization Overview
Capitalization Overview Current x EBITDA 1 (US$ million) (adjusted) Price Yield Coupon Maturity Rating Cash2 419 Corp: B1 / B+ / B+ Gold-Linked Secured 7.5% Notes3 16 0.02x 275 n/a 7.500% 26-Aug-27 -- Senior Unsecured 8.000% Notes3 450 0.6x 102.205 7.166% 8.000% 31-Oct-29 B1 / B+ / B+ Total debt 466
Slide 32: Capital Markets Profile
Capital Markets Profile Clean capital structure. Dual listed on NYSE and TSX. Significant trading volume. Growing institutional support. MONTHLY TRADING VALUE & TOP 15 SHAREHOLDERS KEY METRICS (US$) SHARE PRICE PERFORMANCE (LTM)1,2 1 VanEck 7.3% Trading in Canada (US$M) MARKET AVERAGE DAILY Trading
Slide 33: 2025 Operating Performance and 2026 Guidance
2025 Operating Performance and 2026 Guidance Delivered on guidance in 2025. Significant production growth ahead. Production Growth 2025 Performance and 2026 Guidance Performance 2025 Guidance 2026 Guidance 2025 Actuals Relative to Range Range Guidance Aris Mining Gold Production (koz) – ~500 257 230
Slide 34: Segovia Significant Margins and Cash Flow Generation
SEGOVIA Significant Margins and Cash Flow Generation LTM AISC Margin by Quarter (US$ million) Total AISC and Realized Gold Price Trends (US$/oz) $636 AISC Margin/oz Realized Gold Price/oz $629 Combined AISC/oz Owner Mining AISC/oz $559 $4,898 $4,489 $4,237 $4,205 $421 $328 $3,494 $3,303 $250 $2,855
Slide 35: Aris Mining's Origin
Aris Mining’s Origin Unlocking value through scale and diversification. CALDAS SOTO NORTE EXPANSION SOTO NORTE SEGOVIA MILL TWO MAJOR NYSE GOLD (20%) PROJECT (51%) EXPANSION STUDIES UPLISTING Acquired Aris Gold (PFS/PEA) Uplisted from Acquired an Commissioned control of acquired a 20% Receipt of add
Slide 36: Q3 & YTD 2026 Operating Performance
Q3 & YTD 2026 Operating Performance Q3 2026 Q2 2026 Q1 2026 YTD 2026 Consolidated Gold produced (ounces) 69,257 73,710 74,339 217,306 Segovia Tonnes milled (t) 208,030 202,480 175,370 585,880 Average gold grade processed (g/t) 9.77 10.23 12.41 10.72 Gold produced (ounces) 63,445 64,424 66,567 194,43
Slide 37: Q3 & YTD 2026 Financial Results
Q3 & YTD 2026 Financial Results Q3 2026 Q2 2026 Q1 2026 YTD 2026 (in US$ millions, unless stated otherwise) Gold revenue 287.4 320.9 363.8 972.2 Income from mining operations 130.1 167.1 203.7 501.0 EBITDA 130.7 162.5 181.9 475.2 Adjusted EBITDA 143.9 178.6 212.1 534.5 Net earnings1 66.7 94.2 97.6 2
Slide 38: 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 39: 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