Aris Mining Corp 6-K, filed Mar 11, 2026

Aris Mining Corp (ARIS)

6-K 2026-03-11 For: 2026-03-11

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Added on April 08, 2026

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Aris Mining Corp filed this 6-K on March 11, 2026.

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	ARIS MINING CORPORATION

Date: March 11, 2026	By:	(s) Ashley Baker
		Ashley Baker
		Chief Legal Officer

EXHIBIT INDEX

Exhibit Number		Description

99.1		Press Release dated March 11, 2026

	Q4 2025	Q3 2025	FY2025	FY2024
Gold production (oz), total	69,852	73,236	256,503	210,955
Gold sold (oz), total	71,717	73,001	260,023	210,616
Segovia – AISC, Owner Mining ($/oz sold)	$1,662	$1,452	$1,534	$1,486
Segovia – CMP AISC Sales Margin²	46%	44%	44%	36%
EBITDA	$120.4M	$96.5M	$288.1M	$147.5M
Adjusted EBITDA	$168.0M	$131.1M	$464.4M	$163.1M
Net earnings (loss)³	$50.9M or $0.25/share	$42.0M or $0.21/share	$78.3M or $0.42/share	$24.6M or $0.16/share
Adjusted earnings	$94.1M or $0.46/share	$71.8M or $0.36/share	$240.9M or $1.28/share	$55.9M or $0.35/share


Total Segovia Operating Information	Q4 2025	Q3 2025	FY2025	FY2024
Average realized gold price ($/oz sold)	$4,237	$3,494	$3,526	$2,378
Tonnes milled (t)	201,060	219,550	755,720	644,854
Average gold grade processed (g/t)	10.10	9.87	9.82	9.41
Gold produced (oz)	63,137	65,549	227,762	187,583
Gold sold (oz)	64,456	65,580	231,177	187,122
AISC – ($/oz sold), Owner Mining & CMPs	$1,891	$1,641	$1,705	$1,507
AISC margin ($M)	$151.3	$121.5	$420.8	$163.0

Segovia by Segment	Q4 2025	Q3 2025	FY2025	FY2024

Owner Mining
Gold sold (oz)	40,260	40,984	140,892	93,729
AISC – ($/oz sold)	$1,662	$1,452	$1,534	$1,486
AISC margin ($M)	$102.7	$83.1	$280.7	$83.9

CMPs²
Gold sold (oz)	24,196	24,596	90,285	93,393
AISC – ($/oz sold)	$2,270	$1,955	$1,973	$1,527
AISC sales margin (%)	46%	44%	44%	36%
AISC margin ($M)	$48.6	$38.4	$140.2	$79.1

Operation	Segovia	Marmato	Consolidated
Gold production (koz)	265 - 300	35 - 50	300 - 350
Cash cost (US$/oz) – Owner mining	$1,150 to $1,250	To be provided following CIP plant commercial production
AISC (US$/oz) – Owner mining	$1,700 to $1,800	To be provided following CIP plant commercial production
AISC sales margin – CMPs²	35% - 40%

	Three months ended December 31,
	2025	2024
Revenue	$ 308,565	$ 151,076

Cost of sales	(124,365)	(83,189)
Depreciation and depletion	(16,809)	(9,530)
Social contributions	(9,326)	(4,228)
Income from mining operations	158,065	54,129

General and administrative costs	(6,878)	(8,084)
Loss from investments in associates	14	(14)
Share-based compensation	(20,663)	483
Other expenses	(6,447)	(1,116)
Income from operations	124,091	45,398

Gain (loss) on financial instruments	(3,058)	6,561
Loss on settlement of deferred revenue	(4,990)	—
Finance income	4,353	1,606
Finance costs	(10,431)	(21,165)
Foreign exchange gain (loss)	(12,446)	5,113
Income before income tax	97,519	37,513

Income tax (expense) recovery
Current	(46,742)	(16,987)
Deferred	311	23
Net income	$ 51,088	$ 20,549
Net income attributable to:
Owners of the Company	$ 50,863	$ 21,687
Non-controlling interest	225	(1,138)
	$ 51,088	$ 20,549
Earnings per share attributable to owners of the Company – basic	$ 0.25	$ 0.13
Weighted average number of outstanding common shares – basic	203,245,172	170,900,890

Earnings per share attributable to owners of the Company – diluted	$ 0.25	$ 0.02
Weighted average number of outstanding common shares – diluted	206,592,928	173,046,985

	For the three months ended,				Years ended,

Segovia	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025		Dec 31, 2025	Dec 31, 2024
Total gold sold (ounces)	64,456	65,580	53,751	47,390		231,177	187,122
Cost of sales¹	103,043	93,249	76,719	67,091		340,102	254,879
Less: materials and supplies inventory provision¹	(1,174)	—	—	—		(1,174)	(965)
Less: royalties¹	(8,598)	(7,532)	(5,539)	(4,519)		(26,188)	(13,934)
Add: by-product revenue¹	(5,828)	(4,116)	(2,798)	(3,073)		(15,815)	(10,153)
Total cash costs	87,443	81,601	68,382	59,499		296,925	229,827
Add: royalties¹	8,598	7,532	5,539	4,519		26,188	13,934
Add: social programs¹	9,168	7,787	5,177	4,061		26,193	12,766
Add: sustaining capital expenditures	16,654	10,686	11,284	6,336		44,960	25,395
Total AISC	121,863	107,606	90,382	74,415		394,266	281,922
AISC per ounce sold	*$1,891*	$1,641	$1,681	$1,570		*$1,705*	$1,507
Marmato
Total gold sold (ounces)	7,261	7,421	7,273	6,891		28,846	23,494
Cost of sales¹	21,322	20,443	17,255	15,384		74,404	59,880
Less: materials and supplies inventory provision	(254)	—	—	—		(254)	(225)
Less: royalties¹	(2,223)	(2,555)	(2,044)	(1,840)		(8,662)	(4,959)
Add: by-product revenue¹	(1,493)	(543)	(427)	(313)		(2,776)	(1,133)
Total cash costs	17,352	17,345	14,784	13,231		62,712	53,563
Add: royalties¹	2,223	2,555	2,044	1,840		8,662	4,959
Add: social programs¹	158	437	385	273		1,253	1,667
Add: sustaining capital expenditures	2,192	1,524	1,426	733		5,875	3,475
Total AISC	21,925	21,861	18,639	16,077		78,502	63,664
Consolidated
Total gold sold (ounces)	71,717	73,001	61,024	54,281		260,023	210,616
Cost of sales¹	124,365	113,692	93,974	82,475		414,506	314,759
Less: materials and supplies inventory provision	(1,428)	—	—	—		(1,428)	(1,190)
Less: royalties¹	(10,821)	(10,087)	(7,583)	(6,359)		(34,850)	(18,893)
Add: by-product revenue¹	(7,321)	(4,659)	(3,225)	(3,386)		(18,591)	(11,286)
Total cash costs	104,795	98,946	83,166	72,730		359,637	283,390
Add: royalties¹	10,821	10,087	7,583	6,359		34,850	18,893
Add: social programs¹	9,326	8,224	5,562	4,334		27,446	14,433
Add: sustaining capital expenditures	18,846	12,210	12,710	7,069		50,835	28,870
Total AISC	143,788	129,467	109,021	90,492		472,768	345,586

	For the three months ended,					Years ended,

Segovia - Owner Mining	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Dec 31, 2025	Dec 31, 2024
Total gold sold (ounces)	40,260	40,984	32,685	26,963	28,149	140,892	93,729
Cost of sales¹	52,773	48,502	39,532	34,799	34,518	175,606	121,450
Less: inventory provision	(895)	—	—	—	(717)	(895)	(717)
Less: royalties¹	(5,689)	(5,000)	(3,605)	(2,783)	(2,754)	(17,077)	(8,151)
Add: by-product revenue¹	(3,610)	(2,566)	(1,714)	(1,748)	(1,727)	(9,639)	(7,540)
Total cash costs	42,578	40,936	34,213	30,268	29,320	147,995	105,042
Add: royalties¹	5,689	5,000	3,605	2,783	2,754	17,077	8,151
Add: social programs¹	6,058	5,155	3,366	2,501	2,558	17,080	7,468
Add: sustaining Capital	12,601	8,430	8,511	4,397	4,386	33,939	18,620
Total AISC	66,926	59,521	49,695	39,949	39,018	216,091	139,281
AISC per ounce sold	*$1,662*	$1,452	$1,520	$1,482	$1,386	*$1,534*	$1,486

Segovia - CMPs
Total gold sold (ounces)	24,196	24,596	21,066	20,427	22,260	90,285	93,393
Cost of sales¹	50,271	44,747	37,187	32,292	33,560	164,496	133,429
Less: inventory provision	(279)	—	—	—	(248)	(279)	(248)
Less: royalties¹	(2,909)	(2,532)	(1,934)	(1,736)	(1,588)	(9,111)	(5,783)
Add: by-product revenue¹	(2,218)	(1,550)	(1,084)	(1,325)	(581)	(6,176)	(2,613)
Total cash costs	44,865	40,665	34,169	29,231	31,143	148,930	124,785
Add: royalties¹	2,909	2,532	1,934	1,736	1,588	9,111	5,783
Add: social programs¹	3,110	2,632	1,811	1,560	1,505	9,113	5,298
Add: sustaining capital	4,053	2,256	2,773	1,939	1,607	11,021	6,775
Total AISC	54,937	48,085	40,687	34,466	35,843	178,175	142,641
AISC per ounce sold	*$2,270*	$1,955	$1,931	$1,687	$1,610	*$1,973*	$1,527
Segovia - Combined
Total gold produced (ounces)	63,137	65,549	51,527	47,549	51,477	227,762	187,583
Total gold sold (ounces)	64,456	65,580	53,751	47,390	50,409	231,177	187,122
Gold revenue	273,127	229,116	177,551	135,310	133,159	815,104	444,925
Avg realized gold price ($/oz sold)	*$4,327*	$3,494	$3,303	$2,855	$2,642	*$3,526*	$2,378
Cost of sales¹	103,043	93,249	76,719	67,091	68,078	340,102	254,879
Less: inventory provision	(1,174)	—	—	—	(965)	(1,174)	(965)
Less: royalties¹	(8,598)	(7,532)	(5,539)	(4,519)	(4,342)	(26,188)	(13,934)
Add: by-product revenue¹	(5,828)	(4,116)	(2,798)	(3,073)	(2,308)	(15,815)	(10,153)
Total cash costs	87,443	81,601	68,382	59,499	60,463	296,925	229,827
Add: royalties¹	8,598	7,532	5,539	4,519	4,342	26,188	13,934
Add: social programs¹	9,168	7,787	5,177	4,061	4,063	26,193	12,766
Add: sustaining capital	16,654	10,686	11,284	6,336	5,993	44,960	25,395
Total AISC	121,863	107,606	90,382	74,415	74,861	394,266	281,922
AISC per ounce sold	*$1,891*	$1,641	$1,681	$1,570	$1,485	*$1,705*	$1,507
AISC Margin	151,264	121,510	87,169	60,895	58,298	420,838	163,003

	Three months ended,				Year ended,

($’000)	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2025	Dec 31, 2024
Operating cash flows before taxes	160,462	118,946	123,963	51,882	455,253	179,591
Adjusting Items:
Precious metal stream deposit settled (received)	10,000	—	—	—	10,000	(40,016)
Finance income	(4,353)	(2,437)	(3,474)	(2,336)	(12,600)	(6,894)
Impact of FX on cash and cash equivalents	(545)	1,450	925	768	2,598	(5,845)
Adjusted operating cash flows before taxes	165,564	117,959	121,414	50,314	455,251	126,836

Less: Income taxes paid	(21,686)	(13,228)	(42,244)	(5,121)	(82,279)	(38,354)
Adjusted net cash provided by operating activities	143,878	104,731	79,170	45,193	372,972	88,482

Less: Sustaining capital	(18,389)	(11,858)	(12,287)	(6,589)	(49,123)	(27,044)
Less: Sustaining lease payments	(457)	(352)	(423)	(480)	(1,712)	(1,826)
Cash flow from operations after sustaining capital and income taxes	125,032	92,521	66,460	38,124	322,137	59,612

Less: Growth and expansion capital	(67,735)	(48,136)	(36,745)	(43,010)	(195,626)	(168,387)
Free cash flow after growth and expansion capital	57,297	44,385	29,715	(4,886)	126,511	(108,775)


($000s)	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025
Earnings (loss) before tax¹	97,519	76,094	12,258	21,220
Add back:
Depreciation and depletion¹	16,809	13,459	11,929	10,734
Finance income¹	(4,353)	(2,437)	(3,474)	(2,336)
Interest and accretion¹	10,431	9,390	10,833	10,037
EBITDA	120,406	96,506	31,546	39,655
Add back:
Share-based compensation¹	20,663	9,497	8,136	3,784
(Income) loss from equity accounting in investee¹	(14)	—	—	14
(Gain) loss on financial instruments¹	3,058	6,385	50,737	16,628
Loss on disposal of mining interest and PPE¹	—	3,200	—	—
Loss on settlement of deferred revenue¹	4,990	—	—	—
Other (income) expense¹	6,447	1,961	1,090	535
Foreign exchange (gain) loss¹	12,446	13,520	7,224	5,997
Adjusted EBITDA	167,996	131,069	98,733	66,613


($000s)	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024
Earnings (loss) before tax¹	37,513	13,603	17,904	10,310
Add back:
Depreciation and depletion¹	9,530	9,019	8,082	7,519
Finance income¹	(1,606)	(1,351)	(1,691)	(2,246)
Interest and accretion¹	21,165	6,493	6,496	6,803
EBITDA	66,602	27,764	30,791	22,386
Add back:
Share-based compensation¹	(483)	2,533	1,373	1,842
(Income) loss from equity accounting in investee¹	14	17	2,301	551
(Gain) loss on financial instruments¹	(6,561)	12,842	6,144	3,742
Other (income) expense¹	1,116	(428)	2,681	—
Foreign exchange (gain) loss¹	(5,113)	311	(7,211)	(108)
Adjusted EBITDA	55,575	43,039	36,079	28,413


($000s except shares amount)	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025
Basic weighted average shares outstanding	203,245,172	199,171,052	179,836,208	171,622,649
Net earnings (loss)¹	50,863	42,011	(16,897)	2,368
Add back:
Share-based compensation¹	20,663	9,497	8,136	3,784
(Income) loss from equity accounting in investee¹	(14)	—	—	14
(Gain) loss on financial instruments¹	3,058	6,385	50,737	16,628
Loss on disposal of mining interest and PPE¹	—	3,200	—	—
Loss on settlement of deferred revenue¹	4,990	—	—	—
Other (income) expense¹	6,447	1,961	1,090	535
Foreign exchange (gain) loss¹	12,446	13,520	7,224	5,997
Income tax effect on adjustments	(4,356)	(4,732)	(2,528)	(2,099)
Adjusted net earnings	94,097	71,842	47,762	27,227
Adjusted net earnings per share – basic ($/share)	*0.46*	*0.36*	*0.27*	*0.16*