What is the story about?
What's Happening?
Aris Mining Corporation has successfully ramped up operations at its Segovia site following the commissioning of a second mill in June 2025. This expansion increased processing capacity by 50%, from 2,000 to 3,000 tonnes per day. The company reported milling rates averaging 2,415 tpd in July and August, with gold grades maintained at 10.02 g/t Au. Year-to-date gold production at Segovia reached 141,893 ounces, contributing to a total of 161,168 ounces when combined with output from the Marmato Narrow Vein zone. Aris Mining is on track to meet its 2025 production guidance of 230,000 to 275,000 ounces.
Why It's Important?
The expansion at Segovia is a strategic move by Aris Mining to enhance its production capabilities and meet growing demand for gold. This development is significant for the company's growth trajectory, aiming to achieve an annual production rate exceeding 500,000 ounces. The increased capacity not only boosts output but also positions Aris Mining as a leading player in the Latin American gold mining sector. This expansion could have positive implications for local economies and employment, as well as contribute to the global supply of gold.
What's Next?
Aris Mining plans to continue its expansion efforts, with the construction of the Bulk Mining Zone at the Marmato Complex expected to start ramping up production in the second half of 2026. The company is also pursuing partnerships with Colombia's small-scale mining sector to promote safe and environmentally responsible operations. These initiatives are part of Aris Mining's strategy to unlock value through scale and diversification.
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