Exhibit 99.1

 

 

 

 

NEWS RELEASE

 

TSX & NYSE: ARIS

aris-mining.com

  

ARIS MINING REPORTS Q1 2026 RESULTS

 

Record Revenue, Cash Flow, and Adjusted Earnings with All Four Assets Advancing

 

Vancouver, Canada, May 6, 2026 – Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS; NYSE: ARIS) announces its financial and operating results for the three months ended March 31, 2026 (Q1 2026). All amounts are in U.S. dollars unless otherwise indicated.

 

Q1 2026 Financial Performance

 

●Production of 74.3 thousand ounces (koz) of gold, up 6% from Q4 2025.
●Gold revenue of $364 million, up 21% from Q4 2025.
●Adjusted EBITDA1 of $212 million, up 26% from Q4 2025. On a trailing 12-month basis, Adjusted EBITDA1 of $610 million.
●Adjusted net earnings of $124 million or $0.60/share, up from $0.46/share in Q4 2025.
●Cash balance of $472 million as of March 31, 2026, up $80 million from December 31, 2025.
●Net debt reduced to near zero.

 

Neil Woodyer, Chair and CEO, commented “Supported by record financial results and strong cash generation from our operations, we advanced all four of our assets in Q1 2026. At Segovia, the ongoing ramp-up contributed to a 5% increase in production compared with Q4 2025. At Marmato, construction of the new 5,000 tonnes per day (tpd) CIP plant remains on schedule for first gold in Q4 2026, and the April 2026 decline breakthrough into the cross-cut marked an important milestone, providing direct access to the plant.

 

At Toroparu, the prefeasibility study is progressing well, with updated mineral resource and reserve estimates advancing to support mine schedule optimizations, and a construction decision is expected in early 2027. At Soto Norte, the submission of the environmental license application is nearing completion, alongside active engagement with the Colombian regulators to support a collaborative approach to the submission and review process.

 

With our producing assets delivering strong results and our growth projects continuing to advance, Aris Mining is well positioned to achieve its longer-term objective of approximately 1 million ounces of annual gold production.2 With the right assets in place, we remain focused on executing and delivering against our plans.”

 

  Q1 2026 Q4 2025 Q1 2025
Gold production (koz), total 74.3 69.9 54.8
Gold sold (koz), total 74.8 71.7 54.3
Segovia – AISC1, Owner Mining ($/oz sold) $1,492 $1,662 $1,482
Segovia – CMP3 AISC1 Sales Margin1 40% 46% 41%
EBITDA1 (US$M) $182 $120 $40
Adjusted EBITDA1 (US$M) $212 $168 $67
Adjusted EBITDA1, last 12 months (US$M) $610 $464 $201
Net earnings4 (US$M) $98 or $0.47/share $51 or $0.25/share $2 or $0.01/share
Adjusted earnings4 (US$M) $124 or $0.60/share $94 or $0.46/share $27 or $0.16/share
Adjusted earnings4, last 12 months (US$M) $337 or $1.71/share $241 or $1.28/share $78 or $0.46/share

 

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Q1 2026 Operational Performance

 

●Segovia produced 66.6 koz, a 5% increase over Q4 2025.
oProduction reflected the processing of 175.4 thousand tonnes (kt) at 12.41 g/t, compared to 201.1 kt at 10.10 g/t in Q4 2025.
oAISC margin increased 31% to $199 million from Q4 2025, supported in part by a 23% increase in average mill feed grade.
oOwner-operated mining contributed 64% of the mill feed, while Contract Mining Partner (CMP) sourced mill feed contributed 36%, consistent with Q4 2025.
oOwner-operated mining AISC was $1,492/oz, compared to $1,662/oz in Q4 2025, outperforming the full-year 2026 guidance range of $1,700 to $1,800/oz, primarily reflecting a 14% increase in owner-mining attributable ounces sold, driven in part by higher average grades.
oCMP-sourced gold delivered an AISC sales margin of 40%, achieving the top-end of the full-year 2026 guidance range of 35% to 40%.
oCombined AISC was $1,963/oz, up 4% from $1,891/oz in Q4 2025, reflecting the factors driving Owner-operated mining and CMP AISC described above.


Figure 1: Combined AISC and Realized Gold Price Trends ($/oz) – Segovia

 

 

 

●Marmato produced 7.8 koz, a 16% increase over Q4 2025.

 

oProduction reflected the processing of 77.0 kt at 3.53 g/t, compared to 74.6 kt at 3.12 g/t in Q4 2025.
oThis increased production reflects the operating capacity of the existing flotation plant together with mill feed sourced primarily from ore development and stopes in the Bulk Mining Zone.
oThroughput is expected to increase materially upon commissioning of the new Carbon-in-Pulp (CIP) plant later this year in the fourth quarter.
oAris Mining plans to exit 2026 operating the 5,000 tpd design capacity CIP plant at approximately 3,000 tpd. Production is expected to increase through 2027, with throughput increasing to approximately 4,000 tpd by mid-2027 and reaching the full 5,000 tpd by the end of 2027 when the paste backfill plant is fully commissioned.

 

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Project Development Highlights

 

●Strong operating cash flow fully funded growth and generated $42 million in net cash flow

 

oIn Q1 2026, operations generated $103 million in cash flow after sustaining capital and income taxes, fully funding the Company’s growth and expansion initiatives. After expansion capital, Aris Mining generated net cash flow of $42 million. Refer to the cash-flow summary in the following sections and MD&A for additional analysis.

 

●Marmato construction advancing on schedule

 

oThe new underground decline has now broken through into the cross-cut, marking an important milestone that provides direct access from the Bulk Mining Zone to the new 5,000 tpd CIP plant. This connection establishes an additional access and ventilation pathway, facilitates ore and waste haulage between existing and new infrastructure, and supports the initial ramp-up of mine production.

 

oThe main civil, mechanical, and electrical works are advancing, with foundations for the mills, tailings thickener, and leach and CIP tanks completed.

 

oConstruction of underground workshops, main pump station and field offices will begin in Q2 2026.

 

oFirst gold from the new CIP plant remains on schedule for Q4 2026.

 

●Toroparu Project (100% owned, Guyana)

 

oAris Mining initiated a Prefeasibility Study (PFS) last year, targeted for completion in H2 2026, to support a construction decision in early 2027.

 

oWork on updated mineral resource and reserve estimates is progressing well with mine scheduling and optimizations currently underway.

 

oAlongside the PFS, Aris Mining is also conducting geotechnical drilling, metallurgical test work, mining operation trade-off studies and detailed engineering to enable construction readiness by early 2027.

 

oSelect pre-construction activities are continuing, including construction of the bridge at the Puruni River crossing, key personnel ramp up, camp expansion and ongoing road works.

 

oPreliminary Economic Assessment (PEA) completed in October 2025, outlining an attractive project with average annual gold production of 235 koz and an after-tax NPV5% of $1.8 billion, IRR of 25%, and 3.0-year payback at an assumed gold price of $3,000/oz.5

 

●Soto Norte Project (100% owned, Colombia)

 

oThe studies required for submission of the environmental license application in support of the development of Soto Norte are nearing completion, supporting a targeted Q2 2026 submission.

 

oAris Mining continues active engagement with the Colombian regulators to support a collaborative approach to the environmental license submission and review process.

 

oPFS completed in September 2025, demonstrating robust economics with average annual gold production (years 2 to 10) of 263 koz and an after-tax NPV5% of $2.7 billion, IRR of 35%, and 2.3-year payback at an assumed gold price of $2,600/oz.6 Strong leverage to higher gold prices, at $3,000/oz the NPV5% increases to $3.3 billion with an IRR of 40%.

 

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TSX & NYSE: ARIS

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oThe PFS incorporates industry-leading environmental and social design features, including a metallurgical process free of cyanide and mercury and the integration of local community miners – 750 tpd (over 20% of Soto Norte’s 3,500 tpd processing capacity) has been dedicated to local contract mining partners.

 

Q1 2026 Conference Call Details

 

Management will host a conference call on Thursday, May 7, 2026, at 6:00 am PT / 9:00 am ET / 2:00 pm GMT to discuss the results.

 

Participants may gain expedited access to the conference call by registering at Diamond Pass Registration. Once registered, call-in details will be displayed on screen which can be used to bypass the operator and avoid the call queue. Registration will remain open until the end of the live conference call.

 

Webcast

 

●Link: Webcast | Q1 2026 Conference Call

 

Conference Call

 

●Toll-free North America: +1-833-821-0197
●International: +1-647-846-2328

 

Audio Recording

 

●After the call, an audio recording will be available via telephone until end of day May 14, 2026
●Toll-free in the US and Canada: +1-855-669-9658
●International: +1-412-317-0088; and using the access code: 7133252

 

A replay of the event will be archived at Events & Presentations - Aris Mining Corporation.

 

Aris Mining's Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2026 and related MD&A are available on SEDAR+, in the Company’s filings with the U.S. Securities and Exchange Commission (the SEC) and in the Financials section of Aris Mining's website here. Hard copies of the financial statements are available free of charge upon written request to info@aris-mining.com.

 

About Aris Mining

 

Aris Mining is a Canadian gold mining company focused on South America. The Company operates the Segovia and Marmato underground gold mines in Colombia, which together produced approximately 257,000 ounces of gold in 2025. Aris Mining is listed on the TSX and NYSE under the symbol ARIS.

 

The Company is advancing expansion projects at Segovia and Marmato that are expected to increase annual gold production to approximately 500,000 ounces 7, driven by the ramp-up at Segovia following the installation of the second mill, which was completed in June 2025, and construction of the new Marmato bulk mine and CIP plant, with first gold expected in Q4 2026.

 

Aris Mining’s portfolio supports a longer-term objective of approximately 1 million ounces of annual gold production2. Key projects include the high-grade Soto Norte gold project in Colombia, where environmental studies are being finalized for submission in Q2 2026 to initiate the licensing process, and the Toroparu gold project in Guyana, where a Prefeasibility Study is in progress to support a construction decision expected in early 2027.

 

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NEWS RELEASE

 

TSX & NYSE: ARIS

aris-mining.com

 

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

 

Aris Mining Contact

   
Oliver Dachsel Lillian Chow
Senior Vice President, Capital Markets Director, Investor Relations & Communications
+1.917.847.0063 info@aris-mining.com

 

Endnotes

 

1. All references to adjusted earnings, EBITDA, adjusted EBITDA, growth capital investment, cash flow after sustaining capital and income taxes, cash costs ($ per oz) and AISC ($ per oz) are non-GAAP financial measures in this document. These measures are intended to provide additional information to investors. They do not have any standardized meanings under IFRS, and therefore may not be comparable to other issuers and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Refer to the Non-GAAP Measures section in this document for a reconciliation of these measures to the most directly comparable financial measure disclosed in the Company’s financial statements.

 

2. Includes potential production estimates from Toroparu, which is based on a preliminary economic assessment effective October 21, 2025, which contemplates a 7.0 Mtpa operation over a 21.3-year mine life with average annual gold production of approximately 235 koz at a base case gold price of US$3,000/oz. The preliminary economic assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There can be no assurance that the projected production will be achieved. In the case of Soto Norte and Toroparu, such production also remains subject to obtaining all necessary permits and to formal construction decisions by the Company.

 

3. Aris Mining operates its own mines and contracts with community-based mining partners, referred to as Contract Mining Partners or CMPs, to increase total gold production. Some partners work within Aris Mining’s infrastructure, while others manage their own mining operations on Aris Mining’s titles using their own infrastructure. In addition, Aris Mining purchases high grade mill feed from third-party contractors operating off-title, which further optimizes production and increases operating margins.

 

4. Net earnings represents net earnings attributable to owners of the company, as presented in the annual and interim financial statements for the relevant period.

 

5. See technical report dated October 28, 2025 and entitled “NI 43-101 Technical Report Preliminary Economic Assessment for the Toroparu Project Cuyuni-Mazaruni Region, Guyana”. Note that this PEA is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

 

6. See technical report dated September 3, 2025 and entitled “NI 43-101 Technical Report Prefeasibility Study for the Soto Norte Project, Santander, Colombia.”

 

7. Reflects expected steady-state annual gold production run-rates of approximately 300 koz at Segovia and 200 koz at Marmato following completion and ramp-up of the respective expansion projects. For more information, please refer to the Company’s news releases dated June 30, 2025 regarding the Segovia expansion and March 12, 2025 regarding the Marmato expansion.

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NEWS RELEASE

 

TSX & NYSE: ARIS

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Non-GAAP Measures

 

Cash costs & all-in sustaining cost per ounce

 

  For the three months ended,
Segovia Mar 31, 2026 Dec 31, 2025 Mar 31, 2025
Total gold sold (ounces)   67,709 64,456 47,390
Cost of sales1   116,108 103,043 67,091
Less: materials and supplies inventory provision1  — (1,174) —
Less: royalties1   (11,139) (8,598) (4,519)
Add: by-product revenue1  (7,449) (5,828) (3,073)
Total cash costs   97,520 87,443 59,499
Add: royalties1   11,139 8,598 4,519
Add: social contributions1   12,358 9,168 4,061
Add: sustaining capital expenditures and lease payments  11,917 16,654 6,336
Total AISC   132,934 121,863 74,415
AISC per ounce sold  $1,963 $1,891 $1,570
Marmato      
Total gold sold (ounces)  7,134 7,261 6,891
Cost of sales1   23,096 21,322 15,384
Less: materials and supplies inventory provision1  — (254) —
Less: royalties1  (3,332) (2,223) (1,840)
Add: by-product revenue1   (306) (1,493) (313)
Total cash costs   19,458 17,352 13,231
Add: royalties1  3,332 2,223 1,840
Add: social contributions1   940 158 273
Add: sustaining capital expenditures  1,481 2,192 733
Total AISC   25,211 21,925 16,077
Consolidated      
Total gold sold (ounces)   74,843 71,717 54,281
Cost of sales1   139,204 124,365 82,475
Less: materials and supplies inventory provision1   — (1,428) —
Less: royalties1   (14,471) (10,821) (6,359)
Add: by-product revenue1  (7,755) (7,321) (3,386)
Total cash costs   116,978 104,795 72,730
Add: royalties1   14,471 10,821 6,359
Add: social contributions1   13,298 9,326 4,334
Add: sustaining capital expenditures and lease payments   13,398 18,846 7,069
Total AISC   158,145 143,788 90,492
1.As presented in the financial statements and notes thereto for the respective periods

 

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All-in sustaining cost per ounce – business units (Segovia)

 

  For the three months ended,
Segovia - Owner Mining Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025
Total gold sold (ounces)   45,789 40,260 40,984 32,685 26,963
Cost of sales1   54,858 52,773 48,502 39,532 34,799
Less: inventory provision — (895) — — —
Less: royalties1 (7,805) (5,689) (5,000) (3,605) (2,783)
Add: by-product revenue1  (5,037) (3,610) (2,566) (1,714) (1,748)
Total cash costs   42,015 42,578 40,936 34,213 30,268
Add: royalties1   7,805 5,689 5,000 3,605 2,783
Add: social contributions1 8,660 6,058 5,155 3,366 2,501
Add: sustaining capital and lease payments  9,835 12,601 8,430  8,511 4,397
Total AISC   68,315 66,926 59,521 49,695 39,949
AISC ($/oz sold) $1,492 $1,662 $1,452  $1,520 $1,482

 

Segovia - CMPs        
Total gold sold (ounces)   21,920 24,196 24,596 21,066 20,427
Cost of sales1   61,250 50,271 44,747 37,187 32,292
Less: inventory provision — (279) — — —
Less: royalties1   (3,334) (2,909) (2,532) (1,934) (1,736)
Add: by-product revenue1   (2,412) (2,218) (1,550) (1,084) (1,325)
Total cash costs   55,505 44,865 40,665 34,169 29,231
Add: royalties1   3,334 2,909 2,532 1,934 1,736
Add: social contributions1   3,698 3,110 2,632 1,811 1,560
Add: sustaining capital and lease payments   2,082 4,053 2,256 2,773 1,939
Total AISC   64,619 54,937 48,085 40,687 34,466
AISC ($/oz sold) $2,948 $2,270 $1,955 $1,931 $1,687
Segovia - Combined        
Total gold produced (ounces)  66,567 63,137 65,549 51,527 47,549
Total gold sold (ounces)  67,709 64,456 65,580 53,751 47,390
Gold revenue  331,611 273,127 229,116 177,551 135,310
Avg realized gold price ($/oz sold)   $4,898 $4,237 $3,494 $3,303 $2,855
Cost of sales1 116,108 103,043 93,249 76,719 67,091
Less: inventory provision —   (1,174) — — —
Less: royalties1   (11,139) (8,598) (7,532) (5,539) (4,519)
Add: by-product revenue1  (7,449) (5,828) (4,116) (2,798) (3,073)
Combined cash costs   97,520 87,443 81,601 68,382 59,499
Add: royalties1   11,139 8,598 7,532 5,539 4,519
Add: social contributions1   12,358 9,168 7,787 5,177 4,061
Add: sustaining capital and lease payments  11,917 16,654 10,686 11,284 6,336
Combined AISC   132,934 121,863 107,606 90,382 74,415
AISC ($/oz sold) $1,963 $1,891 $1,641 $1,681 $1,570
AISC Margin 198,677 151,264 121,510 87,169 60,895
           

1. As presented in the financial statements and notes thereto for the respective periods

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Operating free cash flow and free cash flow after growth and expansion capital

   
($’000) Mar 31, 2026 Dec 31, 2025 Mar 31, 2025
Operating cash flows before taxes1 184,981 160,462 51,882
Adjusting Items:      
Precious metal stream deposit settled (received) 1 (40,016) 10,000 —
Finance income1 (3,383) (4,353) (2,336)
Impact of FX on cash and cash equivalents1 814 (545) 768
Adjusted operating cash flows before taxes 142,396 165,564 50,314
       
Less: Income taxes paid1 (26,171) (21,686) (5,121)
Adjusted net cash provided by operating activities 116,225 143,878 45,193
       
Less: Sustaining capital (12,837) (18,389) (6,589)
Less: Sustaining lease payments (561) (457) (480)
Cash flow from operations after sustaining capital and income taxes 102,827 125,032 38,124
       
Less: Growth and expansion capital (61,251) (67,735) (43,010)
Free cash flow after growth and expansion capital 41,576 57,297 (4,886)

1. As presented in the financial statements and notes thereto for the respective periods.

 

Additions to mineral interests, plant and equipment

 

($’000) Mar 31, 2026 Dec 31, 2025 Mar 31, 2025
Sustaining capital      
Segovia 11,356 16,197 5,856
Marmato 1,481 2,192 733
Total Sustaining Capital 12,837 18,389 6,589
Non-sustaining capital      
Marmato 47,031 43,562 29,661
Segovia 5,454 16,161 6,368
Soto Norte Project and other 3,445 4,885 4,570
Toroparu Project 5,321 3,127 2,411
Total (Growth Capital Investment) 61,251 67,735 43,010
Additions to mining interest, plant and equipment1 74,088 86,124 49,599

1. As presented in the financial statements and notes thereto for the respective periods.

 

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Earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted EBITDA

   
($000s) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025
Earnings (loss) before tax1 161,672 97,519 76,094 12,258
Add back:        
   Depreciation and depletion1  16,246 16,809 13,459 11,929
   Finance income1     (3,383) (4,353) (2,437) (3,474)
   Interest and accretion1 7,408 10,431 9,390 10,833
EBITDA  181,943 120,406 96,506 31,546
Add back:        
   Share-based compensation1 7,602 20,663 9,497 8,136
   (Income) loss from equity accounting in investee1 — (14) — —
   (Gain) loss on financial instruments1 1,762 3,058 6,385 50,737
    Loss on disposal of mining interest and PPE1 — — 3,200 —
   Loss on settlement of deferred revenue1 — 4,990 — —
   Other (income) expense1 9,177 6,447 1,961 1,090
   Foreign exchange (gain) loss1 11,590 12,446 13,520 7,224
Adjusted EBITDA 212,074 167,996 131,069 98,733

1. As presented in the financial statements and notes thereto for the respective periods

     
($000s)   Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024
Earnings (loss) before tax1   21,220 37,513 13,603 17,904
Add back:          
   Depreciation and depletion1   10,734 9,530 9,019 8,082
   Finance income1   (2,336) (1,606) (1,351) (1,691)
   Interest and accretion1   10,037 21,165 6,493 6,496
EBITDA   39,655 66,602 27,764 30,791
Add back:          
   Share-based compensation1   3,784 (483) 2,533 1,373
   (Income) loss from equity accounting in investee1   14 14 17 2,301
   (Gain) loss on financial instruments1   16,628 (6,561) 12,842 6,144
   Other (income) expense1    535 1,116 (428) 2,681
   Foreign exchange (gain) loss1    5,997 (5,113) 311 (7,211)
Adjusted EBITDA   66,613 55,575 43,039 36,079

1. As presented in the financial statements and notes thereto for the respective periods.

 

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Adjusted net earnings and adjusted net earnings per share

     
($000s except shares amount) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025
Basic weighted average shares outstanding1 205,967,201 203,245,172 199,171,052 179,836,208
Net earnings (loss)1   97,614 50,863 42,011 (16,897)
Add back:        
   Share-based compensation1 7,602 20,663 9,497 8,136
   (Income) loss from equity accounting in investee1 — (14) — —
   (Gain) loss on financial instruments1 1,762 3,058 6,385 50,737
   Loss on disposal of mining interest and PPE1 — — 3,200 —
   Loss on settlement of deferred revenue1 — 4,990 — —
   Other (income) expense1               9,177 6,447 1,961 1,090
   Foreign exchange (gain) loss1  11,590 12,446 13,520 7,224
Income tax effect on adjustments  (4,057) (4,356) (4,732) (2,528)
Adjusted net earnings 123,689 94,097 71,842 47,762
Adjusted net earnings per share – basic ($/share) 0.60 0.46 0.36 0.27
         

1. As presented in the financial statements and notes thereto for the respective periods.

 

($000s except shares amount) Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024
Basic weighted average shares outstanding1 171,622,649 170,900,890 169,873,924 151,474,859
Net earnings (loss) 1 2,368 21,687 (2,074) 5,713
Add back:        
   Share-based compensation1 3,784 (483) 2,533 1,373
   (Income) loss from equity accounting in investee1 14 14 17 2,301
   (Gain) loss on financial instruments1 16,628 (6,561) 12,842 6,144
   Other (income) expense1 535 1,116 (428) 2,681
 Loss on extinguishment of Senior Notes1 — 11,463 — —
   Foreign exchange (gain) loss1 5,997 (5,113) 311 (7,211)
Income tax effect on adjustments (2,099) 2,536 (109) 1,738
Adjusted net earnings 27,227 24,659 13,092 12,739
Adjusted net earnings per share – basic ($/share) 0.16 0.14                  0.08               0.08

1. As presented in the financial statements and notes thereto for the respective periods.

 

Cash Cost and All-in Sustaining Cost

 

Cash costs per ounce, and all-in sustaining cost per ounce (as calculated in the tables above) are performance measures that reflect all the expenditures that are required to produce and sell an ounce of gold from operations. Management believes that these two measures are useful to market participants in assessing operating performance and the Company's ability to generate cash flow from current operations. These measures do not have standardized meanings under IFRS and may not be comparable to similar measures used by other issuers.

 

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Operating Cash Flow and Free Cash Flow after Growth and Expansion Capital

 

Cash flow from operations after sustaining capital and income taxes is calculated as adjusted net cash provided by operating activities, less sustaining capital and income taxes paid. Free cash flow after growth and expansion capital is calculated by further deducting growth and expansion capital. Management believes these measures are useful to market participants in assessing the Company’s ability to generate cash flow from operations after funding its capital requirements. These measures do not have standardized meanings under IFRS and may not be comparable to similar measures used by other issuers.

 

Growth and Expansion Capital

 

Growth and expansion capital represents additions to depletable and non-depletable mineral interests, right of use assets, exploration projects, and plant and equipment that are not sustaining in nature. Management believes this measure is useful to market participants in assessing the level of capital invested to expand operations, develop projects and support future growth separately from capital required to sustain current operations. This measure does not have a standardized meaning under IFRS and may not be comparable to similar measures used by other issuers.

 

EBITDA and Adjusted EBITDA

 

EBITDA is calculated as earnings before tax, adjusted to add back depreciation and depletion, finance income, and interest and accretion. Adjusted EBITDA is calculated by further excluding items that management does not consider to be reflective of the underlying operating performance. Management believes these measures are useful to market participants in assessing the Company’s operating performance and ability to generate cash flow from operations. These measures do not have standardized meanings under IFRS and may not be comparable to similar measures used by other issuers.

 

Adjusted Net Earnings and Adjusted Net Earnings Per Share

 

Adjusted net earnings is calculated as net earnings attributable to owners of the Company, adjusted for items that management does not consider to be reflective of the underlying operating performance of the Company Adjusted net earnings per share is calculated by dividing adjusted net earnings by the basic weighted average number of shares outstanding for the applicable period. Management believes these measures are useful to market participants in assessing the Company’s underlying financial performance and results on a per share basis. These measures do not have standardized meanings under IFRS and may not be comparable to similar measures used by other issuers.

 

Qualified Person and Technical Information

 

Pamela De Mark, P.Geo., Senior Vice President Geology and Exploration of Aris Mining, is a Qualified Person as defined by National Instrument 43-101 (NI 43-101), and has reviewed and approved the technical information contained in this news release.

 

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 ability to deliver on its 2026 objectives, updates and timing for completion and first gold pour at the Bulk Mining Zone, timing for completion and ramp-up of the Marmato CIP plant, the expected benefit from the Segovia expansion, the Company’s longer-term growth outlook, the timeline for environmental studies for the Soto Norte Project, the timeline for a Prefeasibility Study and construction decision for the Toroparu Project, the objective of reaching 1 million ounces of gold production, 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.

 

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NEWS RELEASE

 

TSX & NYSE: ARIS

aris-mining.com

 

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 11, 2026 which is available on SEDAR+ at www.sedarplus.ca and included as part of the Company’s Annual report on Form 40-F, filed 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.

 

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