- Aris Mining reports record adjusted earnings per share (EPS) of $0.16 for Q1 2025, a significant increase from $0.04 in Q1 2024.
- Gold revenue surged to $154.1 million, up 47% year-over-year, with total gold production reaching 54,763 ounces.
- The company maintains a robust financial position with $240 million in cash and a net leverage ratio of 1.2x.
Aris Mining Corporation (TSX: ARIS, NYSE-A: ARMN) has announced its financial results for the first quarter of 2025, showcasing a stellar performance with record adjusted earnings per share (EPS). The adjusted EPS stood at $0.16, the highest since the company's establishment in 2022, marking a substantial 300% increase from $0.04 reported in the same period last year.
The company's gold revenue reached $154.1 million, demonstrating a 47% year-over-year growth, fueled by increased gold production and higher realized gold prices averaging $2,855 per ounce. The adjusted EBITDA was reported at $66.6 million, reflecting a notable 134% rise from the previous year.
Total gold production in the quarter amounted to 54,763 ounces, with the Segovia Operations contributing 47,549 ounces and the Marmato Upper Mine adding 7,214 ounces. Notably, the Segovia operations maintained impressive gold grades of 9.4 g/t with a recovery rate of 96.1%.
Despite a rise in the all-in sustaining cost (AISC) to $1,570 per ounce due to escalated royalties and costs, the AISC margin soared to $60.9 million, a year-over-year increase of 114%. This improvement is attributed to efficient management and high gold prices.
The company continues to hold a strong financial position with $240 million in cash and a net debt of $250 million, resulting in a manageable net leverage ratio of 1.2x. This financial stability supports Aris Mining's ongoing growth projects, which saw investments of $43 million in Q1, predominantly funded through internal cash flow.
Development projects are progressing well, with significant milestones on the horizon. The Segovia plant expansion to 3,000 tonnes per day is on track for completion, with commissioning expected in June 2025. In addition, the Marmato Lower Mine is set to increase processing capacity to 5,000 tonnes per day, and studies are advancing for the Soto Norte and Toroparu projects.
