Aris Mining Enhances Segovia Gold Reserves and Resources
Aris Mining Corporation (Aris Mining) has announced significant updates to its Segovia mineral reserve and resource estimates. The revisions reflect the company’s ongoing commitment to advancing its operations within the gold mining sector. The effective date for this latest assessment has been designated as November 28, 2025.
Resource Growth Metrics
The latest report reveals a promising increase in both measured and indicated mineral resources, growing by 7%, which now stands at 3.6 million ounces of gold (Moz) compared to the previous estimate of 3.4 Moz in 2024. The inferred resources also saw a robust 12% boost, moving up to 2.9 Moz. These enhancements signify the continued success of exploration efforts and robust growth potential at Segovia.
Reserves Increase
Aris Mining's proven and probable mineral reserves increased by 12%, reaching 1.5 Moz, marking a rise from 1.3 Moz as reported in 2024. This growth highlights not only the success in converting resources to reserves but also the continual development of the Segovia mine operation.
High-Grade Mineral Inventory
The current mineral inventory at Segovia remains exceptionally high grade, with measured and indicated resources averaging 15.3 grams per ton (g/t) gold, alongside proven and probable reserves averaging 10.7 g/t gold. Neil Woodyer, the CEO, stated that these updated estimates showcase the resilience and quality of this valuable high-grade asset, reinforcing long-term production capabilities.
Gold Price Sensitivity Analysis
In light of the fluctuating nature of gold prices, Aris Mining has prudently chosen to adopt a gold price assumption of $3,200 per ounce for mineral resources and $2,800 per ounce for mineral reserves. The company has performed a sensitivity analysis across various gold price ranges, consistently demonstrating that Segovia's mineral resources remain largely unaffected by price fluctuations, validating the project's strong economic fundamentals.
Mineral Reserve and Resource Summary
The latest estimates also underline important metrics related to the efficiency and productivity potential of the Segovia operation. For instance, the project continues to exhibit a robust profile reflected in the company's operational strategies aimed at increasing overall production volumes in the coming years.
Technical Insights and Future Outlook
The mineral resource and reserve estimates are part of a broader technical disclosure as Aris Mining continues to ensure transparency and accuracy in its reporting standards. The estimates were prepared under the guidance of Pamela De Mark, a Qualified Person defined by NI 43-101, ensuring compliance and rigor in the assessment process.
As Aris Mining operates two underground gold mines in Colombia, namely the Segovia Operations and the Marmato Complex, they reported a total production of 210,955 ounces of gold in the previous year. Their plans include ramping up production rates beyond 500,000 ounces of gold annually, predominantly fueled by recent expansions, including the commissioning of an additional mill at Segovia. This expansion is crucial as the company aims to sustain its growth trajectory and meet increasing market demand.
Overview of Aris Mining Activities
In Guyana, Aris Mining has made notable advancements at the Toroparu gold project, with a new Preliminary Economic Assessment now completed, paving the way for a Prefeasibility Study that is currently underway. The strategic focus continues on Soto Norte, where a recently completed Prefeasibility Study emphasizes the project's potential as a high-grade, long-life mining opportunity with favorable economic and environmental aspects.
Commitment to Sustainable Practices
Aris Mining remains dedicated to sustainable mining practices, with ongoing environmental studies projected for submission to initiate necessary approvals. This commitment to both economic and environmental considerations reflects the company's holistic approach toward its mining operations.
Frequently Asked Questions
What recent updates did Aris Mining announce regarding Segovia?
Aris Mining announced enhanced mineral reserves and resources for Segovia, noting significant increases in both categories based on the latest estimates.
How much have the reserves increased at Segovia?
Proven and probable mineral reserves have increased by 12%, currently standing at 1.5 million ounces of gold.
What is the current gold price used for estimates?
For the latest estimates, Aris Mining utilized a gold price of $3,200 per ounce for mineral resources and $2,800 for mineral reserves.
Who is responsible for the technical oversight of the mineral estimates?
The mineral estimates were prepared under the supervision of Pamela De Mark, P.Geo, Senior Vice President of Geology and Exploration.
What are Aris Mining’s production goals for the future?
Aris Mining is targeting an annual production rate of over 500,000 ounces of gold as part of their growth objectives.
