Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) reports 2024 gold production of 210,955 ounces (oz) from its two operations in Colombia, with 187,583 oz from Segovia and 23,372 oz from the Marmato Upper Mine, and achieving the revised 2024 guidance range of 205,000 to 220,000 oz.¹

2024 Gold Production Highlights:

• Gold production of 57,364 oz in Q4 2024 delivering the highest quarterly production of the year.
• Gold production in the second half of 2024 of 110,972 oz was 11% higher compared to H1 2024.

Table 1: 2024 Gold Production and Sales (oz) by Quarter

*The Q4 2024 results provided in this news release are approximate and may differ from the final results to be included in the Company’s 2024 annual audited financial statements and MD&A, which the Company expects to release in early March 2025.

Neil Woodyer, CEO of Aris Mining, commented “Looking ahead to 2025, we expect total gold production of between 230,000 and 275,000 ounces as we begin to realize growth from our expansion projects. At Segovia, the processing facility’s capacity is being expanded by 50% to 3,000 tonnes per day (tpd). Construction remains on track for completion in Q1 2025, with commissioning scheduled for Q2 2025. The mill feed rate is expected to increase gradually during the second half of 2025, rising from the current 2,000 tpd to the full 3,000 tpd by year-end. Meanwhile, construction of the Marmato Lower Mine continues to progress, with combined production from the Upper and Lower Mines expected to ramp up in 2026.

As of December 31, 2024, we hold US$253 million of cash, providing strong funding for these projects. Following project completion and ramp up, we are targeting annual gold production of approximately 500,000 ounces. Additionally, we are advancing key strategic priorities, including environmental and technical studies at the top-tier Soto Norte gold-copper project. Results of these studies are expected in mid-2025. Aris Mining is well positioned for both near and long-term growth and value creation.”

2025 Gold Production and AISC Guidance:

• During 2025, Aris Mining expects consolidated gold production of between 230,000 and 275,000 oz, with in-progress expansion projects to contribute to production growth in 2025 and beyond.
• In 2025, the Segovia Operations are projected to produce between 210,000 and 250,000 ounces of gold, with approximately 50% to 55% sourced from Owner Mining and 45% to 50% from mill-feed purchased from contract mining partners (CMPs). For the Owner Mining segment, AISC² per ounce sold is expected to range between $1,450 and $1,600³ and the CMP segment is expected to achieve an AISC² sales margin of 35% to 40%.
• Aris Mining will resume providing AISC guidance for the Marmato Mine when the Lower Mine achieves commercial production, which is expected in 2026.

Table 2: 2025 Production and Cost Guidance³ 

Technical Disclosure and Qualified Person

The technical information in this news release was reviewed and approved by Pamela De Mark, P.Geo, Senior Vice President, Geology and Exploration of Aris Mining, who is a Qualified Person as defined by NI 43-101.

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 Upper Mine, which together produced 210,955 ounces of gold in 2024. With expansions underway, Aris Mining is targeting an annual production rate of approximately 500,000 ounces of gold following the ramp-up of the Segovia mill expansion, expected during the second half of 2025, and the new Marmato Lower Mine, which is expected to reach full production in 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 mid-2025. In Guyana, Aris Mining owns the Toroparu gold/copper project, further diversifying its asset portfolio.

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.