The strong Q1 results validate operational momentum and project execution. Watch for near-term catalysts: Marmato first gold (Q4 2026), Soto Norte license submission (Q2 2026), and Toroparu PFS completion (H2 2026). Historical stock weakness post-earnings suggests cautious positioning despite solid fundamentals.
Price Chart
Executive Summary
Aris Mining reported record Q1 2026 results with gold revenue of $364M (up 21% QoQ), adjusted EBITDA of $212M (up 26% QoQ), and adjusted EPS of $0.60 (up from $0.46). All four assets advanced, with Marmato CIP plant on track for first gold in Q4 2026 and strong cash generation fully funding growth.
Key Facts
- Gold production of 74.3 koz, up 6% QoQ
- Gold revenue of $364 million, up 21% QoQ
- Adjusted EBITDA of $212 million, up 26% QoQ
- Adjusted net earnings of $0.60 per share vs $0.46 in Q4 2025
- Cash balance of $472 million, up $80 million since year-end
- Net debt reduced to near zero
- Marmato CIP plant on schedule for first gold in Q4 2026
- Soto Norte environmental license submission targeted for Q2 2026
- Toroparu prefeasibility study targeted for H2 2026 with construction decision in early 2027
Financial Impact
Record revenue, cash flow, and adjusted earnings; cash balance increased by $80M to $472M
Risk Factors
- Execution risk on Marmato ramp-up to 5,000 tpd
- Permitting delays at Soto Norte could push back timeline
- Gold price volatility impacts margins and project economics
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001753926-26-000778 |
| Document: g085708_6k.htm | 0001753926-26-000778 |
| Document: 0001753926-26-000778-index-headers.html | 0001753926-26-000778 |
| Document: 0001753926-26-000778-index.html | 0001753926-26-000778 |
| Document: 0001753926-26-000778.txt | 0001753926-26-000778 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | 6-K | $20.13 $18.23 | ▼ −9.44% | ▼ −8.34% | $17.53 (−12.92%) |
Jun 11, 2026 16w ago | Institutional Cluster | $15.89 $16.62 | ▲ +4.59% | ▲ +3.92% | $17.53 (+10.32%) |
May 7, 2026 21w ago | 6-K | $19.70 $19.72 | ▲ +0.10% | ▼ −1.36% | $17.53 (−11.02%) |
May 7, 2026 21w ago | 6-K | $19.70 $19.72 | ▲ +0.10% | ▼ −1.36% | $17.53 (−11.02%) |
May 6, 2026 21w ago | 6-K | $19.01 $19.71 | ▲ +3.68% | ▲ +2.18% | $17.53 (−7.79%) |
May 6, 2026 21w ago | 6-K | $19.01 $19.71 | ▲ +3.68% | ▲ +2.18% | $17.53 (−7.79%) |
Apr 17, 2026 24w ago | 6-K | $20.96 $18.94 | ▼ −9.64% | ▼ −10.19% | $17.53 (−16.36%) |
Apr 16, 2026 24w ago | 6-K | $20.33 $18.76 | ▼ −7.72% | ▼ −8.71% | $17.53 (−13.77%) |
Apr 7, 2026 25w ago | 6-K | $20.12 $21.65 | ▲ +7.60% | ▲ +2.28% | $17.53 (−12.87%) |
US Market Status
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