Aris Mining Posts Profitable 2Q 2026, Reversing 2Q 2025 Net Loss
Vancouver, Canada-based Aris Mining – operator of the giant Segovia, Antioquia gold mine near Medellin – on July 29 posted an adjusted second quarter (2Q) 2026 net income of US$94 million, up from a 2Q 2025 net loss of US$16.9 million.
As for earnings before interest, taxes, depreciation and amortization (EBITDA), Aris posted US$163 million for 2Q 2026, a big increase from US$31.6 million EBITDA in 2Q 2025.
Gold revenues for 2Q 2026 likewise soared to $321 million, up from US$200.2 million in 2Q 2025.
Commenting on the latest results, Aris CEO Neil Woodyer highlighted that at its Segovia gold mine, “increased investment in underground development and haulage infrastructure is building the mining capacity required to support higher production from the expanded processing facilities.
“With Segovia and Marmato [Caldas department] providing a clear path toward approximately 500,000 ounces of annual production, and Soto Norte [Santander department] and Toroparu [Guyana] continuing to advance, Aris Mining is well positioned to deliver its longer-term growth strategy.
“At Soto Norte, the environmental studies and preparation of the environmental license application are nearing completion. At Toroparu, the prefeasibility study remains on schedule for completion in the second half of 2026,” he added.
Segovia produced 64 thousand ounces of gold during 2Q 2026, which “reflected higher throughput, with 202.5 thousand tonnes processed at an average gold grade of 10.23 grams per tonne, compared with 175 thousand tonnes processed at 12.41 grams per tonne in first quarter 2026,” according to the company.
