Company Description
Aris Mining Corporation (TSX: ARIS, NYSE-A: ARMN) is a gold mining company focused on Latin America and South America. The company is engaged in the acquisition, exploration, development, and operation of gold properties and generates revenue from the sale of gold and silver. According to company disclosures, Aris Mining was founded in September 2022 with a vision to build a South America-focused gold mining business that combines current production with growth from expansions, exploration, and project development.
Aris Mining operates in the gold ore mining industry within the broader mining, quarrying, and oil and gas extraction sector. The company is listed as a foreign private issuer in the United States and files reports on Form 6-K under the Securities Exchange Act of 1934. Its shares trade on the Toronto Stock Exchange and the NYSE American under the symbol ARMN.
Operating mines and core assets
Aris Mining operates two underground gold mines in Colombia: the Segovia Operations and the Marmato Complex. Company news releases state that these operations together produced 210,955 ounces of gold in 2024. Segovia is described as a high-grade underground operation, and Aris Mining has reported updated mineral reserve and resource estimates for Segovia, including measured and indicated resources and proven and probable reserves at high gold grades. The company has also reported that a second mill at Segovia was commissioned and has been ramping up, supporting higher processing rates and increased production.
The Marmato Complex in Colombia includes a narrow vein mining area and a Bulk Mining Zone development. Aris Mining reports that construction of the Bulk Mining Zone is underway, with underground development, surface construction, and process plant platforms advancing. The company has disclosed that long-lead equipment such as the primary crusher, SAG mill, ball mill, and filter press has been ordered and delivered to support this expansion.
Growth projects in Colombia and Guyana
Beyond its operating mines, Aris Mining holds several growth projects. In Colombia, the company owns the Soto Norte Project, which it has described as a high-grade, long-life underground gold project. Company news indicates that Aris Mining first acquired an interest in Soto Norte in 2022 and has since increased its ownership. A Prefeasibility Study (PFS) has been completed on a smaller-scale development plan, and the company highlights environmental and social design features, including provisions for local small-scale miners and processing flowsheets with no cyanide or mercury use. Environmental studies are being finalized to support licensing applications.
In Guyana, Aris Mining owns the Toroparu Project, a gold project that has been the subject of a National Instrument 43-101 Preliminary Economic Assessment (PEA). According to company disclosures, the PEA confirms Toroparu as a large-scale, long-life open pit gold project with an extended mine life, conventional truck-and-shovel mining, and a mill designed at several million tonnes per year. The project is expected to produce doré and copper concentrates containing gold, silver, and copper over its life, with a PFS underway to advance the project toward a potential construction decision.
Strategic focus and business model
Across its portfolio, Aris Mining describes a strategy that blends cash flow from operating mines with growth from expansions and project development. The company emphasizes scale and diversification within Latin America, with core assets in Colombia and Guyana. It has also reported portfolio optimization actions, such as the sale of the Juby Gold Project in Ontario, Canada, to focus on higher-growth projects in South America.
At Segovia, Aris Mining reports that it operates its own mines and also works with community-based Contract Mining Partners (CMPs) on its titles. Some partners operate within Aris Mining’s infrastructure, while others manage their own mining operations on Aris Mining’s titles. The company also purchases high-grade mill feed from third-party contractors operating off-title. This approach is described as a way to increase total gold production and optimize mill feed and operating margins.
Mineral reserves, resources, and technical reporting
Aris Mining regularly publishes mineral reserve and resource estimates for its projects, including Segovia, Marmato, Soto Norte, and Toroparu. These estimates are prepared and reviewed by Qualified Persons as defined by National Instrument 43-101. Company disclosures include measured, indicated, and inferred mineral resources, as well as proven and probable mineral reserves, with associated gold grades, tonnages, and contained metal. The company also reports the gold price assumptions and cut-off grades used in its estimates, and notes that mineral resources are not mineral reserves and do not have demonstrated economic viability.
Technical information for the company’s projects is documented in NI 43-101 technical reports filed on SEDAR+ and with the U.S. Securities and Exchange Commission. These reports cover the Segovia Operations, the Marmato Gold Mine, the Soto Norte Project, and the Toroparu Project, and provide the basis for the mineral reserve and resource disclosures referenced in company news releases and SEC filings.
Geographic focus and partnerships
Aris Mining describes itself as a Latin America- or South America-focused gold mining company, with its principal operating and development assets located in Colombia and Guyana. In Colombia, the company notes that the country is rich in high-grade gold deposits and that it is actively pursuing partnerships with the small-scale mining sector. Through these partnerships, Aris Mining states that it aims to enable safe, legal, and environmentally responsible operations that benefit local communities and the broader industry.
The company has also indicated that it intends to pursue acquisitions and other growth opportunities to expand its scale and diversify its asset base within its regional focus. The completion of the sale of the Juby Gold Project in Canada and the acquisition of additional ownership in Soto Norte are examples of portfolio changes described in company news.
Regulatory status and reporting
Aris Mining is a foreign private issuer in the United States and files Form 6-K reports that include press releases, management’s discussion and analysis, financial statements, and technical reports. These filings indicate that the company remains listed on the NYSE American under the symbol ARMN and on the TSX under ARIS. The 6-K filings also reference a Form F-10 registration statement, which incorporates certain reports by reference.