Critical Materials & Supply Chain▲
Aris Mining Reports Record Cash Flow and On-Track Production in Q2 2026
Aris Mining Corp reported record first-half revenue and operating cash flow after taxes of $200 million, fully funding capital expenditures of $196 million and maintaining free cash flow positivity. The company produced 74,000 ounces of gold in the second quarter of 2026, bringing first-half production to 148,000 ounces, on track for full-year guidance of 300,000 to 350,000 ounces. Adjusted EBITDA reached $179 million in the second quarter, and the cash balance stood at $426 million at quarter end, down from $472 million partly due to annual Colombian tax payments and capital investments. The Marmato project remains on schedule for first gold in the fourth quarter of 2026, with total expected investment for the year now estimated at $238 million, up from the original $220 million budget, and remaining capital required through year-end of $118 million. Segovia's expanded mill is performing well, and investments in underground development are expected to drive higher production in the second half of 2026 and beyond, supporting a clear path to approximately 500,000 ounces of annual gold production in the near term.