Aris Gold Corporation Q3 2026 Earnings Recap

Aris Mining shares rose 5.8% after the company reported Q3 adjusted EBITDA of $144 million and outlined near-term growth milestones. The main caveat is production: management is targeting the lower end of its 300,000–350,000-ounce full-year guidance range, requiring about 83,000 ounces in Q4.

Key Takeaways

• Q3 production was 69,000 ounces; year-to-date production reached 217,000 ounces.
• Q3 revenue was $287 million, adjusted EBITDA was $144 million, and adjusted net earnings were $73 million, or $0.35 per share.
• Year-to-date capital investment was $341 million, including $144 million in Q3; cash ended the quarter at $419 million, up from $392 million at year-end 2025.
• Segovia’s year-to-date production was up 18% year over year, with owner-mine production up 32%; contract mining was down 3% amid explosive supply constraints.
• Marmato’s new CIP plant is in final construction stages, with first gold expected in December and full 5,000-tonne-per-day design capacity targeted by the end of 2027.