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Canada's Aris Mining YTD gold production rises 16%

By Reuters News


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


Reuters Recommended Reads

  • Nov 2 - Canada's Ero Copper Q3 revenue slightly beats on higher metal prices

  • Nov 3 - Canada's Ivanhoe Mines Q3 profit rises, lowers 2027 Kamoa-Kakula copper guidance

  • Nov 3 - SSR Mining Q3 revenue and adjusted net income rise year over year


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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