Core Viewpoint - Aris Mining Corporation is reminding warrant holders that their TSX-listed warrants will expire on July 29, 2025, and any unexercised warrants will become void [1][2]. Warrant Exercise Summary - The warrants are currently "in-the-money" with an effective exercise price of C$5.50 per share, compared to a closing share price of C$9.46 on July 8, 2025 [2]. - Approximately 48.2% of the warrants have been exercised, generating C$77.0 million (approximately US$56 million) for the company [2][5]. - If all remaining outstanding warrants are exercised, Aris Mining would receive an additional C$83.0 million (approximately US$61 million) [2][5]. Financial Position - The CEO of Aris Mining stated that the expiry of the warrants simplifies the capital structure, eliminating legacy convertible instruments and resulting in a stronger balance sheet with over US$310 million in cash as of June 30 [3]. Company Overview - Aris Mining was founded in September 2022, focusing on becoming a leading gold mining company in Latin America, combining current production with growth through expansions and exploration [6]. - The company operates two underground gold mines in Colombia, targeting an annual production rate of over 500,000 ounces of gold following recent expansions [7][9]. Future Plans - Aris Mining is pursuing acquisitions and growth opportunities to enhance value through scale and diversification [10].

Core Viewpoint - Aris Mining Corporation has signed a definitive asset purchase agreement with McFarlane Lake Mining Limited for the sale of the Juby Gold Project in Ontario, Canada, valued at US$22 million [1][2][4]. Company Overview - Aris Mining is focused on building a leading gold mining company in Latin America, with operations in Colombia and Guyana [5][6]. - The company operates two underground gold mines in Colombia, producing 210,955 ounces of gold in 2024, and aims to increase annual production to over 500,000 ounces [6][8]. Transaction Details - The Juby Gold Project includes Aris Mining's 100% interest in the project and a 25% joint venture interest in the adjacent Knight property [2]. - The total consideration for the transaction is US$22 million, consisting of US$10 million in cash at closing, common shares of McFarlane, and potential additional payments within 12 months if necessary [7][4]. - The completion of the transaction is contingent upon McFarlane raising at least US$10 million in gross proceeds and meeting other customary closing conditions [4]. Strategic Focus - The sale of the Juby Gold Project aligns with Aris Mining's strategy to concentrate on core operations in Latin America, while McFarlane aims to enhance its portfolio and shareholder value through this acquisition [3][10].

Core Viewpoint - Aris Mining Corporation reported a 13% increase in gold production for H1 2025 compared to H1 2024, driven by the successful commissioning of the expanded Segovia mill and an expected stronger production in the second half of the year [1][3]. Production and Sales Summary - Gold production for H1 2025 reached 113,415 ounces, up from 99,983 ounces in H1 2024, reflecting a 13% increase [1][6]. - Total sales for H1 2025 were 115,305 ounces, a 15% increase from 100,513 ounces in H1 2024 [1][6]. - Q2 2025 gold production was 58,652 ounces, a 7% increase over Q1 2025 [6]. - Q2 2025 gold sales were 61,024 ounces, a 12% increase over Q1 2025 [6]. Segovia Operations - Segovia Operations produced 99,076 ounces in H1 2025, a 12% increase compared to 88,613 ounces in H1 2024 [3][6]. - In Q2 2025, Segovia Operations processed 168,000 tonnes with an average gold grade of 9.85 g/t and recoveries of 96.1% [4]. - Gold produced from Segovia in Q2 2025 was 51,527 ounces, up from 47,549 ounces in Q1 2025 [4]. Marmato Narrow Vein Zone - Marmato Narrow Vein Zone produced 14,339 ounces in H1 2025, a 26% increase from 11,370 ounces in H1 2024 [3][6]. - In Q2 2025, Marmato processed 73,000 tonnes with an average gold grade of 3.35 g/t and recoveries of 90.2% [5]. - Gold produced from Marmato in Q2 2025 was 7,125 ounces, slightly down from 7,214 ounces in Q1 2025 [5]. Future Outlook - The company is targeting an annual production rate of over 500,000 ounces following the Segovia mill expansion and the construction of the Bulk Mining Zone at Marmato, expected to ramp up in H2 2026 [8]. - The company is also pursuing partnerships with Colombia's small-scale mining sector to enhance operational safety and environmental responsibility [9].

Core Viewpoint - The installation of a second mill at Segovia is a significant advancement in Aris Mining's growth strategy, aiming for an annual production rate exceeding 500,000 ounces of gold from its operations [2]. Company Overview - Aris Mining was founded in September 2022 with a focus on becoming a leading gold mining company in Latin America, combining current production with growth through asset expansions and exploration [3]. - The company operates two underground gold mines in Colombia: Segovia Operations and Marmato Complex, which produced a total of 210,955 ounces of gold in 2024 [4]. Production Expansion - The second mill at Segovia is expected to increase gold production in the second half of 2025, with full-year production projected between 210,000 to 250,000 ounces, up from 187,583 ounces in 2024 [2]. - As underground development progresses and mill feed purchases from contract mining partners increase, Segovia is on track to achieve an annual production of 300,000 ounces in 2026 [2]. Future Projects - Aris Mining is also developing the Bulk Mining Zone at the Marmato Complex, with production ramp-up expected in the second half of 2026 [4]. - The company is conducting studies for a new development plan at the Soto Norte joint venture, with results anticipated in Q3 2025 [4]. - In Guyana, Aris Mining owns the Toroparu gold/copper project, with a new Preliminary Economic Assessment (PEA) commissioned and results expected in Q3 2025 [4]. Strategic Partnerships - Aris Mining is actively pursuing partnerships with Colombia's small-scale mining sector to promote safe, legal, and environmentally responsible operations that benefit local communities [5]. - The company aims to explore acquisitions and growth opportunities to enhance value through scale and diversification [5].

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Core Viewpoint - Aris Mining Corporation held its Annual General Meeting (AGM) where significant voting results were reported, including the election of directors and the appointment of auditors [1][2][3]. Voting Results - A total of 63,558,598 shares, representing 36.85% of the outstanding shares, were represented at the AGM [2]. - The following directors were elected with their respective votes: - Ian Telfer: 58,151,832 votes (91.49% for) [2] - Neil Woodyer: 63,318,201 votes (99.62% for) [2] - Germán Arce: 62,829,373 votes (98.85% for) [2] - Daniela Cambone: 61,326,536 votes (96.49% for) [2] - Mónica de Greiff: 61,658,111 votes (97.01% for) [2] - David Garofalo: 59,144,721 votes (93.06% for) [2] - Gonzalo Hernández: 52,541,364 votes (82.67% for) [2] - Attie Roux: 61,660,728 votes (97.01% for) [2]. Appointment of Auditors - KPMG LLP was appointed as the auditor for the 2025 fiscal year, with remuneration to be determined by the Board [3]. - KPMG received 62,140,740 votes (97.77% for) during the appointment process [4]. Company Overview - Aris Mining was founded in September 2022, focusing on becoming a leading gold mining company in Latin America [5]. - The company operates two underground gold mines in Colombia, producing 210,955 ounces of gold in 2024, with plans to increase annual production to over 500,000 ounces by ramping up operations in the Segovia and Marmato mines [6]. - Aris Mining is also involved in a joint venture for the Soto Norte project and owns the Toroparu gold/copper project in Guyana, with ongoing studies and assessments [6][7].

Core Insights - Aris Mining Corporation reported strong financial and operational results for Q1 2025, driven by record gold prices and solid production performance, achieving adjusted earnings per share (EPS) of $0.16, the highest since its formation in September 2022 [1][7][8] Financial Performance - Gold production totaled 54,763 ounces, an 8% increase from 50,767 ounces in Q1 2024, contributing to 22% of the FY 2025 production guidance range of 230,000 to 275,000 ounces [8] - Gold revenue reached $154.1 million, a 47% increase over Q1 2024 and a 4% increase over Q4 2024 [7] - Adjusted EBITDA for Q1 was $66.6 million, up 134% from Q1 2024 and 20% from Q4 2024, with trailing 12-month adjusted EBITDA at $201.3 million [7][8] - Net earnings were $2.4 million, compared to a loss of $0.7 million in Q1 2024, while adjusted net earnings were $27.2 million or $0.16 per share, up from $0.04 per share in Q1 2024 [7][8] Operational Performance - At Segovia, gold production was 47,549 ounces with an average gold grade of 9.37 g/t and recoveries of 96.1% [6][8] - The all-in sustaining cost (AISC) margin increased to $60.9 million, a 114% increase over Q1 2024, while owner mining AISC was $1,482 per ounce [8][9] - The average realized gold price was $2,855 per ounce sold, compared to $2,062 in Q1 2024 [6][8] Growth and Expansion Initiatives - The company invested $43 million in growth initiatives during Q1 2025, with significant allocations to the Marmato Lower Mine and Segovia plant expansion [17] - The Segovia plant expansion is on track for commissioning in June 2025, targeting an increase to 3,000 tonnes per day [17] - The Marmato Lower Mine construction is progressing, with a planned increase in processing plant capacity from 4,000 to 5,000 tonnes per day [17] Capital Structure - As of March 31, 2025, Aris Mining had a cash balance of $240 million and net debt of $250 million, resulting in a net leverage ratio of 1.2x [7][13] - The company has received over $19.4 million from warrant exercises year-to-date, strengthening its balance sheet [11][12]

Financial Performance - Total revenue for Q1 2025 was $120.5 million, a 17% increase compared to Q1 2024[115] - Net income for Q1 2025 was $16.0 million, a 5% decrease compared to Q1 2024[115] - Adjusted EBITDA for Q1 2025 was $56.5 million, a 6% increase compared to Q1 2024[115] - Produced water handling revenues increased to $92.178 million in Q1 2025, up from $85.933 million in Q1 2024[132] - Total Revenue for the Water Gathering and Processing segment in Q1 2025 was $120.3 million, up from $103.4 million in Q1 2024[159] - Adjusted EBITDA for Q1 2025 was $56.5 million, compared to $53.1 million in Q1 2024[159] Production and Operations - Total produced water handling volumes were 1,191 thousand barrels per day, a 3% increase compared to Q1 2024[122] - Total water solutions volumes sold were 559 thousand barrels per day, a 54% increase compared to Q1 2024[122] - Skim oil volumes recovered increased by 13% to 1,962 barrels per day in Q1 2025 compared to Q1 2024[130] Costs and Expenses - Direct operating costs per barrel increased by 10% to $0.32 compared to Q1 2024[122] - Direct operating costs increased by $10.5 million in Q1 2025 compared to Q1 2024, driven by higher produced water handling and solutions volumes[135] - General and administrative expenses rose by $5.5 million in Q1 2025, primarily due to increased compensation and benefits[147] Acquisitions and Investments - The company completed the Crosstek Acquisition for a total consideration of $2.9 million to expand into broader industrial markets[115] - The company acquired Crosstek Membrane Technology LLC for $2.9 million to enhance its capabilities in industrial water treatment[139] - Net cash used in investing activities for Q1 2025 totaled $22.3 million, an increase from $19.6 million in Q1 2024, primarily due to $2.0 million paid for the Crosstek Acquisition[167] Cash Flow and Financing - For Q1 2025, net cash used in operating activities was $6.8 million, a decrease of $50.6 million compared to $43.8 million provided in Q1 2024[166] - Net cash provided by financing activities for Q1 2025 was $25.0 million, including the issuance of $500.0 million in 2030 Notes[168] - As of March 31, 2025, the average outstanding debt balance increased to $463 million in Q1 2025 from $426 million in Q1 2024[150] - As of March 31, 2025, there were no outstanding borrowings under the Credit Facility, as the company used proceeds from the 2030 Notes to repay it[176] Future Outlook and Commitments - Capital expenditures are expected to be between $85.0 million to $105.0 million for 2025, based on contracted customers' outlooks[170] - The company aims to complete Phase 1 testing of its beneficial reuse technologies by the end of Q2 2025[145] - As of March 31, 2025, the remaining minimum commitment under the water disposal agreement was $19.9 million, undiscounted[163] Market and Risk Factors - The average WTI crude oil spot price was $71.78 in Q1 2025, down from $77.50 in Q1 2024[119] - The company does not currently hedge its exposure to commodity price risk, which is influenced by fluctuations in crude oil prices[175] - The company’s revenue is indirectly exposed to fluctuations in crude oil and natural gas prices, impacting drilling and completion activity levels[173] Shareholder Returns - The company declared a dividend of $0.14 per share for both Q1 and Q2 2025 on its Class A common stock[164][165] Research and Development - Research and development expenses related to the Joint Industry Project (JIP) were $2.2 million in Q1 2025, slightly down from $2.6 million in Q1 2024[148] Company Classification - The company is classified as an "emerging growth company" and may take advantage of certain exemptions from reporting requirements until it no longer qualifies[171]