ARIS

MKT CAP:$4B

Aris Mining Corporation

Market Cap

$4B

Basic Materials·Other Precious Metals·🇨🇦 Canada·NYSE

Materials·Other·🇨🇦·NYSE

Stock Price

$20.42+$4.61 (+29.16%)

Apr 16, 2026

Company Details

Aris Mining Corp. engages in the provision of gold mining services. It operates through the Segovia, Soto Norte, Toroparu, Juby and Marmato mines in Colombia. The company was founded in 1982 and is headquartered in Vancouver, Canada.

CEO

Neil Woodyer

IPO Date

Aug 8, 1996

Website

aris-mining.com

Key Metrics TTM

Revenue

$820M

+104.2% YoY

Net Income

$97M

EPS (Diluted)

$0.49

Free Cash Flow

$10M

Revenue / Share

$4.04

Gross Margin

43.4%

Operating Margin

35.6%

Net Margin

11.8%

FCF Margin

1.2%

P/S

4.8x

P/E

40.4x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Mar 11, 2026

$944MEPS $0.42

Q4 2025

Mar 11, 2026

$313MEPS $0.25

Q3 2025

Oct 29, 2025

$255M+89.5%EPS $0.21

Q3 2024

Nov 12, 2024

$135MEPS -$0.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 19	$77M	$31M	$25M
Q2 19	$78M	$30M	$25M
Q3 19	$83M	$37M	$30M
Q4 19	$90M	$40M	$33M
Q3 20	$113M	$58M	$49M
Q4 21	$94M	$48M	$26M
Q1 22	$101M	$46M	$35M
Q2 22	$101M	$42M	$37M
Q3 22	$94M	$43M	-$27M
Q4 22	$103M	$41M	$17M
Q1 23	$97M	$36M	$27M
Q1 24	$108M	$29M	$19M
Q2 24	$117M	$32M	$22M
Q3 24	$135M	$42M	$32M
Q3 25	$255M	$121M	$107M
Q4 25	$313M	$160M	$132M

Valuation

Quarter	P/S	P/E
Q1 19	14.3x	—
Q2 19	13.7x	128.5x
Q3 19	12.9x	153.5x
Q4 19	11.9x	—
Q3 20	10.7x	—
Q4 21	10.3x	—
Q1 22	9.8x	—
Q2 22	9.5x	52.1x
Q3 22	10.0x	1589.4x
Q4 22	9.8x	—
Q1 23	9.9x	—
Q1 24	9.7x	—
Q2 24	9.2x	—
Q3 24	8.6x	—
Q3 25	6.4x	87.9x
Q4 25	4.8x	40.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 19	$20M	$11M
Q2 19	$18M	$8M
Q3 19	$31M	$20M
Q4 19	$33M	$21M
Q3 20	$68M	$53M
Q4 21	$27M	$5M
Q1 22	$24M	$4M
Q2 22	$32M	-$4M
Q3 22	$8M	-$21M
Q4 22	$13M	-$18M
Q1 23	$6M	-$14M
Q1 24	-$11M	-$46M
Q2 24	$12M	-$29M
Q3 24	$31M	-$27M
Q3 25	$99M	$38M
Q4 25	$115M	$28M

Capital Expenditures

Quarter	CapEx
Q1 19	$9M
Q2 19	$10M
Q3 19	$11M
Q4 19	$13M
Q3 20	$14M
Q4 21	$22M
Q1 22	$20M
Q2 22	$35M
Q3 22	$29M
Q4 22	$31M
Q1 23	$20M
Q1 24	$35M
Q2 24	$42M
Q3 24	$58M
Q3 25	$61M
Q4 25	$86M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 19	+24.7%	+28.0%
Q2 19	+17.5%	+12.2%
Q3 19	+29.8%	+18.7%
Q4 19	+37.7%	+14.8%
Q3 20	+46.1%	+22.1%
Q4 21	+20.6%	+28.3%
Q1 22	+22.1%	+25.3%
Q2 22	+12.6%	+12.5%
Q3 22	-17.0%	+89.6%
Q4 22	+10.4%	+27.8%
Q1 23	-4.4%	+5.4%
Q1 24	+6.2%	+37.9%
Q2 24	+24.8%	-20.9%
Q3 24	+30.3%	+18.9%
Q3 25	+163.4%	+111.4%
Q4 25	+191.1%	+103.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 19	$767.0K	1.0%
Q2 19	$686.0K	0.9%
Q3 19	$342.0K	0.4%
Q4 19	$0	0.0%
Q3 20	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$1M	1.2%
Q2 22	-$1M	-1.1%
Q3 22	$2M	1.7%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$1M	1.2%
Q3 24	$3M	1.9%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 19	—	$3M	$2M	—
Q2 19	—	$3M	$2M	—
Q3 19	—	$5M	$2M	—
Q4 19	—	$4M	$4M	—
Q3 20	—	$6M	—	—
Q4 21	—	$5M	$5M	—
Q1 22	—	$7M	—	—
Q2 22	—	$2M	—	—
Q3 22	—	$7M	—	—
Q4 22	—	$7M	—	—
Q1 23	$408.0K	$3M	—	—
Q1 24	—	$6M	—	—
Q2 24	—	$2M	$4M	—
Q3 24	—	$6M	—	—
Q3 25	—	—	—	$14M
Q4 25	—	—	—	$28M

Revenue Segments

Quarter	Other Revenue	Produced Water Handling	Produced Water Handling-Affiliates	Water Solutions	Water Solutions-Affiliates
Q3 22	$246.0K	$40M	$25M	$20M	$6M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$315M	$0	$315M
Q2 22	$266M	$0	$266M
Q3 22	$323M	$0	$323M
Q4 22	$299M	$0	$299M
Q1 23	$230M	$0	$230M
Q2 23	$214M	$0	$214M
Q3 23	$211M	$0	$211M
Q4 23	$195M	$0	$195M
Q1 24	$147M	$0	$147M
Q2 24	$122M	$0	$122M
Q3 24	$80M	$0	$80M
Q4 24	$253M	$0	$253M
Q1 25	$240M	$0	$240M
Q2 25	$311M	$0	$311M
Q3 25	$417M	$0	$417M
Q4 25	$391M	$0	$391M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 19	81M	0.0%	-12.6%
Q2 19	81M	0.0%	0.0%
Q3 19	81M	0.0%	0.0%
Q4 19	81M	0.0%	0.0%
Q3 20	75M	-7.8%	-7.8%
Q4 21	110M	+46.8%	+35.4%
Q1 22	100M	-9.2%	+22.9%
Q2 22	108M	+8.2%	+33.0%
Q3 22	101M	-6.6%	+34.8%
Q4 22	101M	0.0%	-8.2%
Q1 23	136M	+34.8%	+36.2%
Q1 24	138M	+1.6%	+28.0%
Q2 24	152M	+10.1%	+50.8%
Q3 24	170M	+11.5%	+68.2%
Q3 25	203M	+19.2%	+48.7%
Q4 25	203M	+0.4%	+46.9%

Shares Outstanding