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ARIS MINING COMPLETES INSTALLATION AND COMMISSIONING OF SECOND MILL AT SEGOVIA, ON TIME AND ON BUDGET

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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. The expansion increases the facility's processing capacity by 50%, from 2,000 to 3,000 tonnes per day.

The project was completed on schedule and within budget, with commissioning activities finalized in June 2025. The second mill is fully integrated into the existing plant infrastructure, sharing circuits for crushing, flotation, leaching, and tailings filtration.

The company expects this expansion to boost full-year 2025 gold production to 210,000-250,000 ounces, up from 187,583 ounces in 2024. Aris Mining projects Segovia to reach 300,000 ounces of annual production next year as underground development advances and mill feed purchases from contract mining partners grow.

Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) ha completato con successo l'installazione e la messa in funzione di un secondo impianto di lavorazione presso le sue operazioni di Segovia in Antioquia, Colombia. L'espansione aumenta la capacità di lavorazione dell'impianto del 50%, passando da 2.000 a 3.000 tonnellate al giorno.

Il progetto è stato portato a termine nei tempi previsti e nel rispetto del budget, con le attività di messa in funzione concluse a giugno 2025. Il secondo impianto è completamente integrato nell'infrastruttura esistente, condividendo i circuiti per frantumazione, flottazione, lisciviazione e filtrazione dei residui.

L'azienda prevede che questa espansione aumenterà la produzione annua di oro nel 2025 a 210.000-250.000 once, rispetto alle 187.583 once del 2024. Aris Mining stima che Segovia raggiungerà 300.000 once di produzione annua il prossimo anno, grazie all'avanzamento dello sviluppo sotterraneo e all'aumento degli acquisti di materiale da impianti di estrazione in appalto.

Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) ha completado con éxito la instalación y puesta en marcha de un segundo molino de procesamiento en sus Operaciones Segovia en Antioquia, Colombia. La expansión incrementa la capacidad de procesamiento de la planta en un 50%, de 2.000 a 3.000 toneladas por día.

El proyecto se completó según lo programado y dentro del presupuesto, con las actividades de puesta en marcha finalizadas en junio de 2025. El segundo molino está completamente integrado en la infraestructura existente, compartiendo circuitos de trituración, flotación, lixiviación y filtración de relaves.

La empresa espera que esta expansión aumente la producción anual de oro en 2025 a entre 210,000 y 250,000 onzas, frente a las 187,583 onzas en 2024. Aris Mining proyecta que Segovia alcanzará 300,000 onzas de producción anual el próximo año a medida que avance el desarrollo subterráneo y crezcan las compras de alimentación del molino a socios mineros contratados.

Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN)는 콜롬비아 안티오키아의 세고비아 운영 현장에서 두 번째 가공 공장 설치 및 시운전을 성공적으로 완료했습니다. 이번 확장으로 시설의 처리 능력이 50% 증가하여 일일 2,000톤에서 3,000톤으로 늘어났습니다.

프로젝트는 예정대로 예산 내에서 완료되었으며, 시운전 활동은 2025년 6월에 마무리되었습니다. 두 번째 공장은 기존 플랜트 인프라에 완전히 통합되어 분쇄, 부유, 침출 및 폐석 여과 회로를 공유합니다.

회사는 이번 확장으로 2025년 전체 금 생산량이 210,000~250,000 온스로 증가할 것으로 기대하며, 2024년의 187,583 온스에서 크게 늘어날 전망입니다. Aris Mining은 지하 개발이 진행되고 계약 채굴 파트너로부터 원료 구매가 증가함에 따라 세고비아가 내년에 연간 300,000 온스 생산에 도달할 것으로 예상합니다.

Aris Mining Corporation (TSX : ARIS) (NYSE-A : ARMN) a réussi l'installation et la mise en service d'un second moulin de traitement dans ses opérations de Segovia, en Antioquia, Colombie. Cette expansion augmente la capacité de traitement de l'usine de 50%, passant de 2 000 à 3 000 tonnes par jour.

Le projet a été achevé dans les délais et le budget impartis, les activités de mise en service s'étant terminées en juin 2025. Le second moulin est entièrement intégré à l'infrastructure existante, partageant les circuits de concassage, flottation, lixiviation et filtration des résidus.

La société prévoit que cette expansion portera la production annuelle d'or en 2025 à 210 000-250 000 onces, contre 187 583 onces en 2024. Aris Mining prévoit que Segovia atteindra 300 000 onces de production annuelle l'année prochaine grâce à l'avancement du développement souterrain et à l'augmentation des achats de minerai auprès des partenaires miniers sous contrat.

Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) hat erfolgreich die Installation und Inbetriebnahme einer zweiten Aufbereitungsanlage bei seinen Segovia-Betrieben in Antioquia, Kolumbien, abgeschlossen. Die Erweiterung erhöht die Verarbeitungskapazität der Anlage um 50%, von 2.000 auf 3.000 Tonnen pro Tag.

Das Projekt wurde termingerecht und im Rahmen des Budgets abgeschlossen, die Inbetriebnahmeaktivitäten wurden im Juni 2025 abgeschlossen. Die zweite Mühle ist vollständig in die bestehende Anlageninfrastruktur integriert und nutzt gemeinsam die Anlagen für Zerkleinerung, Flotation, Auslaugung und Tailingsfiltration.

Das Unternehmen erwartet, dass diese Erweiterung die Goldproduktion für das Gesamtjahr 2025 auf 210.000 bis 250.000 Unzen steigert, verglichen mit 187.583 Unzen im Jahr 2024. Aris Mining prognostiziert, dass Segovia im nächsten Jahr aufgrund des Voranschreitens der Untertageerschließung und zunehmender Mahlgutkäufe von Vertragspartnern eine Jahresproduktion von 300.000 Unzen erreichen wird.

Positive
  • Processing capacity increased by 50% to 3,000 tonnes per day
  • Project completed on time and within budget
  • Expected 2025 gold production of 210,000-250,000 ounces, up from 187,583 ounces in 2024
  • Projected increase to 300,000 ounces annual production next year
  • Mill expansion strengthens Segovia's position as a key cash flow generator
Negative
  • None.

Insights

Aris Mining's 50% mill capacity expansion at Segovia enables immediate production growth toward 300,000 gold ounces annually, strengthening cash flow generation.

Aris Mining's successful completion of its second processing mill at the Segovia Operations marks a significant operational achievement that increases processing capacity from 2,000 to 3,000 tonnes per day - a 50% expansion completed on time and within budget. This installation represents a critical component of the company's broader growth strategy.

The expansion's financial implications are substantial. Segovia's gold production is projected to increase to 210,000-250,000 ounces in 2025, up from 187,583 ounces in 2024. This represents a potential production growth of 12-33% year-over-year. Looking ahead, management expects further growth to 300,000 ounces annually next year as underground development advances and contract mining partnerships expand.

The operational efficiency demonstrated here deserves attention. Rather than building a standalone facility, Aris has integrated the new mill with existing infrastructure, sharing circuits for crushing, flotation, leaching, and tailings filtration. This approach maximizes capital efficiency while expanding throughput.

This expansion strengthens Segovia's position as a cornerstone asset and key cash flow generator for Aris Mining. The increased production capacity supports the company's strategic goal of achieving over 500,000 ounces annually from its wholly-owned operations. With production increases expected to materialize in the second half of 2025, investors should watch for quarterly production updates to confirm the ramp-up is proceeding as planned.

VANCOUVER, BC, June 30, 2025 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces the successful installation and commissioning of a second processing mill at its high-grade Segovia Operations in Antioquia, Colombia. This expansion is a significant milestone in the Company's organic growth strategy and increases Segovia's processing capacity by 50%, from 2,000 to 3,000 tonnes per day (tpd).

To mark the occasion, Aris Mining has released a short video highlighting key milestones during the mill installation. Watch the video here.

The second mill is fully integrated into the existing plant infrastructure and utilizes shared circuits for crushing, flotation, leaching and tailings filtration. The project was completed on schedule and within budget, with commissioning activities completed in June 2025.

Neil Woodyer, CEO, commented "The installation and commissioning of the second mill at Segovia, which began operating last week, is another important step in advancing our growth strategy to reach an aggregate production rate of more than 500,000 ounces annually from our wholly owned Segovia Operations and Marmato Complex. Segovia's expanded capacity is expected to steadily increase gold production in the second half of 2025, with full-year 2025 gold production expected to be in the range of 210,000 to 250,000 ounces, up from 187,583 ounces produced in 2024. As underground development advances and mill feed purchases from our contract mining partners grow, Segovia is on track to achieve annual production of 300,000 ounces next year. Segovia is a cornerstone asset for Aris Mining, and this expansion further strengthens its role as a key cash flow generator".

Figure 1: Second mill at the Segovia Operations (CNW Group/Aris Mining Corporation)

About Aris Mining

Founded in September 2022, Aris Mining was established with a vision to build a leading Latin America-focused gold mining company. Our strategy blends current production and cashflow generation with transformational growth driven by expansions of our operating assets, exploration and development projects. Aris Mining is listed on the TSX (ARIS) and the NYSE-A (ARMN) and is led by an experienced team with a track record of value creation, operational excellence, financial discipline and good corporate governance in the gold mining industry.

Aris Mining operates two underground gold mines in Colombia: the Segovia Operations and the Marmato Complex, which together produced 210,955 ounces of gold in 2024. With expansions underway, Aris Mining is targeting an annual production rate of more than 500,000 ounces of gold, following the Segovia mill expansion, completed in June and ramping up during H2 2025, and the construction of the Bulk Mining Zone at the Marmato Complex, expected to start ramping up production in H2 2026. In addition, Aris Mining operates the 51% owned Soto Norte joint venture, where studies are underway on a new, smaller scale development plan, with results expected in Q3 2025. In Guyana, Aris Mining owns the Toroparu gold/copper project, where a new Preliminary Economic Assessment (PEA) has been commissioned and its results are also expected in Q3 2025.

Colombia is rich in high-grade gold deposits and Aris Mining is actively pursuing partnerships with the Country's dynamic small-scale mining sector. With these partnerships, we enable safe, legal, and environmentally responsible operations that benefit both local communities and the industry.

Aris Mining intends to pursue acquisitions and other growth opportunities to unlock value through scale and diversification.

Additional information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.

Forward-Looking Information

This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the Company's growth strategy, the effect of the second mill on future gold production, the Company's projected gold production in 2025 and 2026 and statements included in the "About Aris Mining" section of this news release relating to the Segovia Operations, Marmato Complex, Soto Norte Project and Toroparu Project are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release.

Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to those factors discussed in the section entitled "Risk Factors" in Aris Mining's annual information form dated March 12, 2025 which is available on SEDAR+ at www.sedarplus.ca and in the Company's filings with the SEC at www.sec.gov.

Although Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/aris-mining-completes-installation-and-commissioning-of-second-mill-at-segovia-on-time-and-on-budget-302494026.html

SOURCE Aris Mining Corporation

FAQ

What is the new processing capacity at Aris Mining's Segovia Operations after the second mill installation?

After the second mill installation, Segovia's processing capacity increased by 50%, from 2,000 to 3,000 tonnes per day.

How much gold did Aris Mining (ARMN) produce in 2024 and what is the expected production for 2025?

Aris Mining produced 187,583 ounces of gold in 2024 and expects to produce 210,000-250,000 ounces in 2025.

What is Aris Mining's projected annual gold production target for Segovia Operations?

Aris Mining projects Segovia Operations to achieve 300,000 ounces of annual gold production next year.

Was the Segovia mill expansion project completed within budget and schedule?

Yes, the second mill installation and commissioning at Segovia was completed on time and within budget, with commissioning activities completed in June 2025.

What is Aris Mining's overall production target across its operations?

Aris Mining's growth strategy aims to reach an aggregate production rate of more than 500,000 ounces annually from their wholly owned Segovia Operations and Marmato Complex.
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