[SCHEDULE 13G/A] Aris Mining Corporation SEC Filing

Rhea-AI Filing Summary

Schedule 13G/A (Amendment 2) filed by Kopernik Global Investors, LLC and its CIO David B. Iben reports ownership of 8,981,832 Aris Mining common shares (CUSIP 04040Y109) as of 30 Jun 2025.

The holding equals 4.95 % of the 181,508,587 shares outstanding, placing the investors just below the 5 % reporting threshold. Voting power (8.33 M shares) and dispositive power (8.98 M) are held on a shared basis; neither filer has sole authority.

Kopernik is classified as an investment adviser (Item 3-e), while Iben is disclosed as a control person. Item 5 confirms “ownership of 5 percent or less,” implying recent sales or dilution since the prior filing. The securities are held in the ordinary course of business with no intent to influence control.

The drop beneath 5 % reduces mandatory disclosure obligations and marginally lessens concentrated ownership, yet retention of nearly 9 M shares still represents meaningful institutional support for Aris Mining.

Positive

• Kopernik continues to hold 8.98 million shares (4.95 %), maintaining a meaningful institutional position in Aris Mining.

Negative

• Ownership dropped below the 5 % threshold, indicating recent selling or dilution and reducing disclosure obligations and influence.

Insights

Portfolio Manager

TL;DR – Kopernik’s stake slips under 5 %, signalling portfolio trim rather than strategic exit; impact on Aris Mining is minor.

Kopernik and David Iben now own 8.98 M shares, or 4.95 % of Aris Mining. Moving below the 5 % line removes heightened 13D filing pressure and suggests incremental selling or company dilution. Because neither filer holds sole voting/dispositive power, their influence over corporate actions remains limited. Institutional sponsorship is still sizable, so the filing reads as routine position management instead of a negative governance signal. From an investment perspective, the event is low-impact; it does not alter Aris Mining’s fundamentals but may slightly reduce perception of concentrated long-term support.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Aris Mining Corporation

(Name of Issuer)

Common Stock

(Title of Class of Securities)

04040Y109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 04040Y109

1

Names of Reporting Persons

Kopernik Global Investors, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,327,861.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,981,832.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,981,832.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.95 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: (1) Based on 181,508,587 shares of common stock outstanding as set forth on the Toronto Stock Exchange under the symbol "ARIS".

SCHEDULE 13G

CUSIP No. 04040Y109

1

Names of Reporting Persons

David B. Iben

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,327,861.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,981,832.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,981,832.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.95 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: (1) Based on 181,508,587 shares of common stock outstanding as set forth on the Toronto Stock Exchange under the symbol "ARIS".

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Aris Mining Corporation
(b)	Address of issuer's principal executive offices: Suite 2400 - 1021 West Hastings St., Vancouver, BC, Canada V6E 0C3
Item 2.
(a)	Name of person filing: This Schedule 13G is jointly filed by Kopernik Global Investors, LLC ("Kopernik Global Investors") and David B. Iben (collectively, the "Reporting Persons"). Kopernik Global Investors is an investment adviser. Mr. Iben is the controlling member and Chief Investment Officer of Kopernik Global Investors.
(b)	Address or principal business office or, if none, residence: Two Harbour Place 302 Knights Run Avenue, Suite 1225 Tampa, FL 33602
(c)	Citizenship: Kopernik Global Investors is a limited liability company organized under the laws of Delaware. Mr. Iben is a citizen of the United States of America.
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 04040Y109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The Reporting Persons beneficially own, in the aggregate, 8,981,932 shares of Common Stock. None of the securities are held by the Reporting Persons. The filing of this statement shall not be construed as an admission that either of the Reporting Persons is the beneficial owner of any of the securities covered by this Schedule 13G for any other purpose.
(b)	Percent of class: The number of shares of Common Stock beneficially owned by the Reporting Persons represents 4.95% of the Issuer's outstanding Common Stock based on 181,508,587 shares of common stock outstanding.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 8,327,861
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 8,981,832
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Securities reported on this Schedule 13G are beneficially owned by investment advisory clients which may include investment companies registered under the Investment Company Act and/or other separately managed accounts. No such person beneficially owns over 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Kopernik Global Investors, LLC

Signature:	/s/ Sarah L. Bertrand
Name/Title:	Sarah L. Bertrand
Date:	07/25/2025

David B. Iben

Signature:	/s/ David B. Iben by Sarah L. Bertrand, power of attorney
Name/Title:	David B. Iben by Sarah L. Bertrand, power of attorney
Date:	07/25/2025

Exhibit Information

99.1 Joint Filing Agreement, dated November 4, 2024, by and between Kopernik Global Investors, LLC and David B. Iben is incorporated herein by reference to Exhibit 99.1 of Schedule 13G filed with the SEC via EDGAR Accession No. 0000930413-24-003092 on November 4, 2024. 99.2 Power of Attorney appointing Sarah L. Bertrand, dated October 25, 2024, signed by David B. Iben is incorporated herein by reference to Exhibit 99.2 of Schedule 13G filed with the SEC via EDGAR Accession No. 0000930413-24-00309 on November 4, 2024.

FAQ

What percentage of Aris Mining (ARMN) does Kopernik now own?

The Schedule 13G/A reports Kopernik and David B. Iben beneficially own 4.95 % of Aris Mining’s outstanding common stock.

How many Aris Mining shares are controlled by Kopernik?

They report 8,981,832 shares with shared dispositive power and 8,327,861 shares with shared voting power.

Why was Amendment No. 2 to Schedule 13G filed?

Because Kopernik’s ownership fell to 4.95 %, requiring an update to reflect holdings below the 5 % threshold.

Does Kopernik have sole voting or dispositive power over the shares?

No. The filing states 0 shares for sole voting and dispositive power; all authority is shared.

What is the significance of crossing below 5 % ownership?

Below 5 %, an investor faces fewer reporting obligations and wields less potential influence over corporate matters.

When were the event and filing dates?

Event date: 30 Jun 2025. Signatures dated: 25 Jul 2025.