- Aris Mining (TSX: ARIS, NYSE-A: ARMN) expands Segovia facility's capacity by 50%, processing 3,000 tonnes daily.
- Expected 2025 gold production rises to 210,000-250,000 ounces from 187,583 ounces in 2024.
- Segovia aims for 300,000 ounces of annual production in 2026 as underground development progresses.
Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) has successfully completed the installation and commissioning of a second processing mill at its Segovia operations in Antioquia, Colombia. This expansion marks a 50% increase in processing capacity, boosting the facility from 2,000 to 3,000 tonnes per day. Notably, the project was finalized on schedule and within budget, with commissioning activities wrapped up in June 2025.
The new mill is seamlessly integrated into the existing plant infrastructure, utilizing shared circuits for crushing, flotation, leaching, and tailings filtration. This expansion is projected to increase full-year 2025 gold production to between 210,000-250,000 ounces, up from 187,583 ounces in 2024. Looking ahead, Aris Mining projects that Segovia will reach an output of 300,000 ounces annually by next year as underground development advances and mill feed purchases from contract mining partners grow.
This strategic move by Aris Mining highlights the company's commitment to organic growth and its ability to enhance cash flow generation through increased operational efficiency. The Segovia expansion positions the facility as a cornerstone asset, driving toward an overall production target of more than 500,000 ounces annually from Aris Mining's wholly-owned operations. The market will be closely monitoring quarterly production updates to track the progress of the production ramp-up expected in the latter half of 2025.
