Aris Mining Corporation (ARIS) Stock Price & How to Invest

Aris Mining produces gold from the Segovia complex in Antioquia, Colombia, and the Marmato mine in Caldas, Colombia. Segovia is the engine: it delivered roughly 64 thousand ounces in the second quarter of 2026 from ore grading above 10 grams per tonne, which is high by industry standards. Segovia is also unusual in how it sources ore. Alongside its own underground development, Aris buys ore from formalized local small-scale miners working within its titles and processes it through the company plant, an arrangement that adds volume without the full capital cost of developing every heading itself. Marmato is the growth story: a 5,000 tonne per day carbon-in-pulp plant tied to the Lower Mine is under construction, with first gold targeted for the fourth quarter of 2026. Beyond the two producing assets sit the Soto Norte joint venture in Santander, the Toroparu project in Guyana, and exploration ground in Canada.

The financial picture as of August 2026 reflects both rising volumes and a very strong gold price. Trailing twelve month revenue is roughly $1.27 billion against roughly $928 million for full-year 2025, and trailing net income of roughly $285 million is several times the roughly $78 million reported for 2025. Second-quarter 2026 gold revenue was roughly $321 million on about 72 thousand ounces sold at an average realized price near $4,450 an ounce, producing roughly $179 million of adjusted EBITDA and roughly $94 million of net income. The company ended June with roughly $426 million of cash against roughly $506 million of debt, and it is spending heavily, roughly $121 million of capital in the quarter, most of it at Marmato. Consolidated all-in sustaining costs of roughly $1,986 an ounce are not low for the industry, but at current gold prices the margin is wide enough to fund the build from operations.

Concentration is the defining risk: essentially all current production is in Colombia, which brings permitting delays, community and security issues, informal and illegal mining activity around the titles, tax and royalty changes, and peso volatility. Soto Norte in particular has drawn environmental opposition given the sensitivity of high-altitude paramo ecosystems in Santander, and its timeline depends on approvals outside the company's control. Execution risk at Marmato is concrete and near-term, since commissioning delays or a slow ramp would push the growth thesis right at a time when capital spending is elevated. Costs are another pressure point: consolidated all-in sustaining costs near $2,000 an ounce mean the wide margins visible today are a function of an unusually high gold price, and a sharp retracement would compress cash flow quickly. Public sources reviewed in August 2026 did not identify an active United States securities fraud class action against Aris Mining, but the company operates under Colombian and Canadian regulatory regimes and routine legal and regulatory matters are disclosed in its filings.

We give no verdict on Aris Mining Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. The Marmato Lower Mine plant coming online. The new 5,000 tonne per day CIP plant is the single biggest variable in the next two years of results.

The case against. Concentration is the defining risk: essentially all current production is in Colombia, which brings permitting delays, community and security issues, informal and illegal mining activity around the titles, tax and royalty changes, and peso volatility.

Read the full bull and bear case on ARIS, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Aris Mining Corporation's investor relations page or your broker.

• Revenue (TTM): ~$1.27 billion
• Net income (TTM): ~$285 million, EPS ~$1.38
• Market cap: ~$3.6 billion
• P/E (trailing / forward): ~12.6 / ~7.0
• EV/EBITDA: ~5.2 on ~$706 million EBITDA
• Cash / total debt: ~$426 million / ~$506 million

The valuation is built on earnings that inflected sharply: full-year 2025 net income was roughly $78 million and the trailing twelve month figure is roughly $285 million, so the trailing multiple is measuring a very recent step change rather than a settled run rate. A forward P/E near 7 and EV/EBITDA near 5 sit below where larger, more geographically diversified gold producers typically trade, which is the market pricing Colombian concentration and construction risk. The company pays no dividend and is directing cash into the Marmato build.

Other names that sit close to ARIS: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get ARIS exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so ARIS sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where ARIS fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Aris Mining is a profitable, cash-generating gold producer with a credible path from roughly 300,000 ounces a year to roughly 500,000, priced at a discount to larger peers because nearly all of the production and nearly all of the risk sits in Colombia.

Whether ARIS is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ARIS a buy or a sell?, and where the stock could go from here in the ARIS stock forecast.

For income investors, whether ARIS pays a dividend and how the payout looks is covered in does ARIS pay a dividend? And to weigh ARIS against a peer, read the full side-by-side comparisons: ARIS vs EGO and ARIS vs FSM.