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Aris Mining

Gold producer, with a project stated to be in Colombia.

NoneColombia — as stated on the recordings

producer gold NoneColombia
Jun 2026 → Jul 2026Covered
8 of 10Topics on record
1 executiveNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 3 interviews with the company · 5 independent recordings
Stage
Producer
Primary commodity
Gold
Jurisdiction
Colombia
Latest appearance
08 Jul 2026
On record
3 interviews · 21 statements · 3 executives

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
9.3 million oz of reserves
Management-stated Neil Woodyer Jun 2026
Grade
6.1 grams
Management-stated Neil Woodyer Jun 2026
Money on hand
about 470 million of cash
Stated capital need: 400 million a year of cash generation
Management-stated Neil Woodyer Jun 2026
What happens next
Segovia should reach 300,000 oz at the end of this year; Toroparu production decision hopefully with pre-feasibility study at the end of this year
Management-stated Neil Woodyer Jun 2026
The main open question
The company faces rising costs and declining grades, an unknown speaker cautioned; costs are rising while grades fall.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
5 independent voices on record — 3 constructive, 3 neutral
Frank Giustra, Chris Batalha, Don Durett, Don Hansen…
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Aris Mining's own claims across 3 interviews — most-covered theme first.

What outside voices pick up on

5 independent voices — people who do not speak for the company — across 6 mentions.

3 constructive 3 neutral
  • Frank Giustra “Mentioned only in the provided related news context, not in the transcript itself; no direct transcript evidence.”
  • Don Durett “A-minus-rated growth story with expansion and permitting catalysts.”
  • Don Hansen “Led by Ian Telfer (Goldcorp) and Neil Woodyer; slightly less attractive than K92/G Mining due to higher debt and costs; still has …”
  • Ari Sussman “Mentioned only as the current operator next to Collective’s district as part of the explanation of the area.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says Aris is building a 500,000 oz producer by ramping Segovia to 300,000 oz this year and expanding Marmato from 25,000 to 200,000 oz with a $85M investment, led by the team that created Endeavour Mining (worth ~$20B).

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Management says Aris is building a 500,000 oz producer by ramping Segovia to 300,000 oz this year and expanding Marmato from 25,000 to 200,000 oz with a $85M investment, led by the team that created Endeavour Mining (worth ~$20B). An outside investor noted strong management and growth catalysts, rating it as an A-minus growth story.

▼ Bear case

The company faces rising costs and declining grades, an unknown speaker cautioned; costs are rising while grades fall.

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

The company faces rising costs and declining grades, an unknown speaker cautioned; costs are rising while grades fall. Material permitting and study timelines remain uncertain—Soto Norte needs 'about another year' to permit, and a pre-feasibility study is due end of year, but execution risk is real. Debt of $400–450M maturing in 3–4 years and rising capex ($800M mentioned) against $470M cash raises financing questions.

◆ Watch next

End-of-year pre-feasibility study and production decision for Toroparu (Guyana); Q4 GoPro (proof of concept) at Marmato; ramp of Segovia to 300,000 oz completion; environmental application for Soto Norte in a couple of months.

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

End-of-year pre-feasibility study and production decision for Toroparu (Guyana); Q4 GoPro (proof of concept) at Marmato; ramp of Segovia to 300,000 oz completion; environmental application for Soto Norte in a couple of months. These are the key milestones to track execution and de-risk growth.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 5 statements

The deposit 4

Key takeaway. At the Marmato mine, management reports a reserve of 9.3 million ounces and a resource of approximately 250,000 ounces that could support about 20 years of production.

Read the full summary

The CEO said the mine is currently producing about 25,000 ounces, but noted there is a significant deposit below it where an investment of about $300 million could create a 200,000-ounce-per-year producing mine, with a grade of 6.1 grams.

What was actually said
deposit type
Marmato mine producing about 25,000 ounces with significant deposit below it which with investment of about 300 could make a 200,000 ounce producing mine
“We went to along to Caldas Gold who had a small Narino mine in Colombia producing about 25,000 ounces, but they had a very significant deposit below it which with an investment of about 300 could make a 200,000 ounce producing mine.”
Neil Woodyer· 04 Jun 2026·
grade
6.1 grams
“Not 9.3 million oz of reserves at 6.1 grams.”
Neil Woodyer· 04 Jun 2026·
reserve size
9.3 million oz of reserves
“Not 9.3 million oz of reserves at 6.1 grams.”
Neil Woodyer· 04 Jun 2026·
Show the other 1 statement
resource size
approximately 250,000 oz for about 20 years
“it's approximately 250,000 oz for about 20 years.”
Neil Woodyer· 04 Jun 2026·

Jurisdiction 1

What was actually said
country
Colombia and Guyana
“We have focused on Latin America today and in Colombia.”
Neil Woodyer· 04 Jun 2026·

Economics 5 statements

Economics 1

What was actually said
capex
approximately 800 million of investment
“that is approximately 800 million of investment it's approximately 250,000 oz for about 20 years.”
Neil Woodyer· 04 Jun 2026·

Financing 4

Key takeaway. Regarding financing, management reports that as of June 2026, Aris Mining had about $470 million of cash on hand and a $400 million–$450 million bond with another three or four years to run.

Read the full summary

The CEO noted the company generates about $400 million a year in cash, and said about $85 million of capital is needed for the Caldas Gold investment.

What was actually said
burn rate
400 million a year of cash generation
“Uh, we are generating cash of a Well, it depends if it's GoPro's stake last month or this month. Uh, 400 million a year of cash generation.”
Neil Woodyer· 04 Jun 2026·
capital needed
85 million for Caldas Gold investment
“5 years ago we put a financing together about 85 million. We went to along to Caldas Gold who had a small Narino mine in Colombia producing about 25,000 ounces, but they had a very significant deposit below it which with an investment of about 300 could make a 200,000 ounce producing mine. They they were just starting to do that. They were short 85 million.”
Neil Woodyer· 04 Jun 2026·
cash position
about 470 million of cash
“We have about 470 million of cash we we we are we did uh, a bond couple years ago it's got another three or four years to go.”
Neil Woodyer· 04 Jun 2026·
Show the other 1 statement
financing status
400 million, 450 million bond with another three or four years to go
“we did uh, a bond couple years ago it's got another three or four years to go. Uh, 400 million, 450 million.”
Neil Woodyer· 04 Jun 2026·

Timeline 9 statements

Timeline 6

Key takeaway. Management says the GoPro project at Marmato is on track for the last quarter of this year, with the full expansion bringing total company production to about 500,000 oz during the course of next year.

Read the full summary

At Segovia, the company expects to reach a run-rate of about 300,000 oz by the end of this year. A pre-feasibility study for Toroparu is due at the end of this year, along with a production decision, and the environmental application will be submitted in a couple of months' time.

What was actually said
first production
Segovia should reach 300,000 oz at the end of this year; Toroparu production decision hopefully with pre-feasibility study at the end of this year
“We should also have ramped up Segovia to about 300,000 oz by the end of this year, which will be about the same time we're coming out with our pre-feasibility study and hopefully production decision on Guyana.”
Neil Woodyer· 04 Jun 2026·
milestone
GoPro later this year, the last quarter of this year, Marmato
“Well, I think first thing we're going to do is going to do a GoPro later this year, the last quarter of this year, Marmato, to prove that works.”
Neil Woodyer· 04 Jun 2026·
milestone
Segovia ramped up to about 300,000 oz by the end of this year
“We should also have ramped up Segovia to about 300,000 oz by the end of this year, which will be about the same time we're coming out with our pre-feasibility study and hopefully production decision on Guyana.”
Neil Woodyer· 04 Jun 2026·
Show the other 3 statements
milestone
producing 500,000 oz during the course of next year as we finish the expansion Matomato
“So during the course of next year as we finish the expansion Momotaro we will be producing from these two assets 500,000 oz.”
Neil Woodyer· 04 Jun 2026·
permit timing
submitting the environmental application in a couple of months time
“That project is going through final stages now. We'll be submitting the environmental application in a couple of months time.”
Neil Woodyer· 04 Jun 2026·
study due
pre-feasibility study at the end of this year
“We should also have ramped up Segovia to about 300,000 oz by the end of this year, which will be about the same time we're coming out with our pre-feasibility study and hopefully production decision on Guyana.”
Neil Woodyer· 04 Jun 2026·

Catalysts 3

Key takeaway. Management says the near-term catalysts include a serious dialogue with the Colombian government about permitting Soto Norte, which will take about another year or so (June 2026).

Read the full summary

They also expect a GoPro (growth project report) on Marmato in the last quarter of this year and a production decision on Guyana following a pre-feasibility study at the end of this year, both also as of June 2026.

What was actually said
upcoming decision
production decision on Guyana with pre-feasibility study at the end of this year
“We should also have ramped up Segovia to about 300,000 oz by the end of this year, which will be about the same time we're coming out with our pre-feasibility study and hopefully production decision on Guyana.”
Neil Woodyer· 04 Jun 2026·
upcoming result
GoPro on Marmato in the last quarter of this year
“Well, I think first thing we're going to do is going to do a GoPro later this year, the last quarter of this year, Marmato, to prove that works.”
Neil Woodyer· 04 Jun 2026·
upcoming result
serious dialogue with Colombian government about building Soto Norte, which will take about another year or so to get permitted
“We'll also be able to be in serious dialogue with Colombian government about building Soto Norte, which will take about another year or so to get permitted.”
Neil Woodyer· 04 Jun 2026·

Corporate 2 statements

Management 1

What was actually said
track record
started Aris Mining about 5 years ago, previously created Endeavour Mining worth about 20 billion Canadian, and Frank Lee Gold merged with Equinox
“We started about 5 years ago. And now we're concentrating on Latin America following the same strategy we followed at Aris and then we go building by strategy. Uh Endeavour moved on itself and has now become a company worth, I don't know, I think the current market cap's about 20 billion Canadian.”
Neil Woodyer· 04 Jun 2026·

Market 1

What was actually said
cost curve position
an extraordinary mine 11 12 gram material
“we merged with Grand Columbia so we now have the two mines Momotaro and Segovia and we are in the process of expanding Segovia from 200,000 oz a year to 300 the plant is all done we're ramping up now we should be there at the end of this year. So during the course of next year as we finish the expansion Momotaro we will be producing from these two assets 500,000 oz.”
Neil Woodyer· 04 Jun 2026·

Outside views 6 mentions

6 mentions by people who do not speak for the company — 3 constructive, 0 cautious, 3 neutral. These are their views, not the company's.

Frank Giustra
neutral
Mentioned only in the provided related news context, not in the transcript itself; no direct transcript evidence.
ITM TRADING, INC.· 10 Jun 2026·
Chris Batalha
neutral
Mentioned only in the provided related news context, not in the transcript itself; no direct transcript evidence.
ITM TRADING, INC.· 10 Jun 2026·
Don Durett
bullish
A-minus-rated growth story with expansion and permitting catalysts.
The Silver Market· 29 Apr 2026·
Frank Giustra
bullish
He uses it as an example of a producer that should have rerated much higher in a stronger historical bull market.
Kitco NEWS· 11 Jul 2025·
Show the other 2 mentions
Don Hansen
bullish
Led by Ian Telfer (Goldcorp) and Neil Woodyer; slightly less attractive than K92/G Mining due to higher debt and costs; still has strong management and growth under their umbrella.
Investing News· 21 Mar 2025·
Ari Sussman
neutral
Mentioned only as the current operator next to Collective’s district as part of the explanation of the area.
Resource Talks· 09 Jan 2025·

Sources 3 interviews

Every interview 3

DateChannelInterviewStatements
08 Jul 2026 Kitco NEWS Gold Is Above $4,000. Why Aren't Mining Stocks Soaring? | Oliver Dachsel No claims identified
04 Jun 2026 Rule Investment Media Neil Woodyer, Chair and CEO of Aris Mining | Rule Symposium 2026: Rick Rule interviews 21
04 Jun 2026 VRIC Media Don’t Wait Longer - Rua Gold’s Perfect Timing No claims identified

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

cumberland 1
endeavour mining 1
endura mining 1
glamorgan 1
gold 1
gold mining sector (broad) 1
guyana 1
marmato 1

Questions people ask

What is Aris Mining's project and where is it?

Aris Mining is a producer gold company, with a project stated to be in Colombia. Everything here is drawn from its executives' own interviews.

Which interviews mention Aris Mining?

We track 3 interviews mentioning Aris Mining, across 3 channels (Kitco NEWS, Rule Investment Media, VRIC Media).

What are investors saying about Aris Mining?

6 independent voices — people who do not speak for the company — are on record discussing it (3 bullish, 3 neutral). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Aris Mining cover?

The most-discussed topics on record are timeline, the deposit, financing, catalysts — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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