Canada's Aris Mining YTD gold production rises 16%
Overview
Canada gold miner's Q3 gold revenue totaled $287 mln
YTD gold production of 217.3 koz, up 16% from YTD 2025, including Q3 production of 69.3 koz.
Adjusted net earnings for Q3 reached $73 mln
Q3 partner production impacted by explosives supply issue, resolved in September
Outlook
Company targets lower end of 2026 gold production guidance of 300,000-350,000 oz
Company expects Segovia mining rates and gold production to increase in Q4
First gold from Marmato CIP plant targeted for December 2026
Result Drivers
SUPPLY CONSTRAINTS - Temporary explosives supply issues reduced partner production in Q3, with resolution in September expected to support higher output
PLANT UPGRADES - Marmato completed flotation plant upgrades and commissioned a new tailings facility, though downtime for these projects contributed to lower Q3 output
CAPACITY INVESTMENT - Increased investment in underground development and mining fleet at Segovia aimed to boost mining rates and efficiency
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted Net Income | $73 mln | ||
Q3 Net Income | $67 mln | ||
Q3 Adjusted EBITDA | Miss | $144 mln | $225 mln (1 Analyst) |
Q3 EBITDA | $131 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Aris Mining Corporation is C$39.00, about 92.8% above its November 3 closing price of C$20.23
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)