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Aris Mining Corp (ARIS) stock

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NYSE: ARIS NYSE Gold Next results ~November 4, 2026

D Fundamentals grade

Aris Mining Corp is a US-listed company in the gold industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$47

Valuation models combined (2)

Base case. Range ~$23–$59. Weighted average of 2 models (growth cash-flow model, forward price-to-earnings vs peers), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Aris Mining Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds99 adding, 70 cuttingOf 35 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Aris Mining files

Where Aris Mining stands after its latest Filing

Revenue for the twelve months was $928m. That growth ranks 5 of 24 among the gold companies we cover. Free-cash-flow margin held at 13.9%. The diluted share count is up 20.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 4 of our 6 financial-health checks. Our valuation models combined value is $46.64 a share, against a share price of $14.43.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Aris Mining Corp's trailing-twelve-month revenue grew 81.7% year on year, with a free-cash-flow margin of 13.9%. Where it stands out: change in growth rate of +67.6pp ranks 3 of 23 gold companies we cover. Where it lags: stock pay as % of revenue of 4.5% ranks 18 of 18 gold companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 81.7% (+67.6pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 81.7% over the last 12 months, against a median of 55.1% for gold companies we cover.
  • Growth speeding up. The growth rate is 67.6 points higher than a quarter earlier.
  • High operating margin. 38.7% of revenue is left as operating profit, against a median of 41.2% for gold companies we cover.
  • Margins widening. Operating margin is up 15.7 points on a year ago.

Things to watch

  • Share dilution. Diluted shares rose 20.5% in a year.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 4.5% ranks 18 of 18 gold companies we cover (median 0.9%).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 18.6% ranks 18 of 18 gold companies we cover (median 7.3%).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 14.2% over 90 days.

Latest results

Earnings per share
$0.47 against an average estimate of $0.43: beat by 9.9%
Next report
November 4, 2026; average EPS estimate $0.39

Aris Mining's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.7%
  • 1 week-5.7%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$928M
Operating margin
38.7%
Net margin
8.4%
EPS (TTM, diluted)
$0.41

Growth

Revenue growth
+81.7%
Change in growth rate
+67.6 pts
Share count change
+20.5%

Cash

Free cash flow (TTM)
$129M
FCF margin
13.9%
Stock pay % of revenue
4.5%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for ARIS from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Aris Mining Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Our value per share comes from a discounted-cash-flow model of Aris Mining Corp's free cash flow after stock-based pay ( $3.5M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Aris Mining Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.31 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$59 ~$36–$78 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$23 ~$20–$41 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$2.7 ~$1.8–$3.9 Left out: out of range vs price (0.18x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$0.9 ~$0.8–$1.0 Left out: out of range vs price (0.06x)
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$47 ~$23–$59 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Aris Mining Corp with Gold in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $307m and EPS of $0.39 (range $0.34 to $0.42) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.03 +59% $1.6bn +68%
Next $2.83 +39% $2.0bn +31%

Next year's EPS estimate has moved −14.2% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −6.6% on 90 days ago. In the last 30 days, 1 analyst raised Aris Mining Corp's forecast and 2 cut it.

Consensus EPS forecast Aris Mining Corp, last 90 days
$2.00 $2.50 $3.00 $3.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.18 Current fiscal year, 60 days ago: $2.10 Current fiscal year, 30 days ago: $2.12 Current fiscal year, 7 days ago: $2.04 Current fiscal year, Now: $2.03 $2.03 Next fiscal year, 90 days ago: $3.30 Next fiscal year, 60 days ago: $2.89 Next fiscal year, 30 days ago: $2.95 Next fiscal year, 7 days ago: $2.82 Next fiscal year, Now: $2.83 $2.83

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.18$3.30
60 days ago $2.10$2.89
30 days ago $2.12$2.95
7 days ago $2.04$2.82
Now $2.03$2.83

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.43 $0.47 +9.9%
Mar 2026 $0.59 $0.60 +2.1%
Dec 2025 $0.43 $0.46 +6.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

6 analysts, Nov 2026
Buy6100%
Hold00%
Sell00%

Monthly trend

  1. Nov 2026336
  2. Oct 2026336
  3. Sep 2026336

Counts of recommendations published by analysts covering Aris Mining Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
—
of tradable shares
Days to cover
3.19
at average volume
Short interest, 1 month
−1%
to October 15, 2026
Held by institutions
74%
of shares
Held by insiders
1.9%
of shares
Employees
3,578
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Aris Mining Corp in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Aris Mining Corp
$200M $400M $600M $800M $1B FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY22 Q4: $400M Revenue (TTM), FY23 Q4: $447.7M Revenue (TTM), FY24 Q4: $510.6M Revenue (TTM), FY25 Q4: $927.7M $927.7M

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY22 Q4 $400M
FY23 Q4 $447.7M
FY24 Q4 $510.6M
FY25 Q4 $927.7M
Operating margin (TTM) Aris Mining Corp
10% 20% 30% 40% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY22 Q4: 15.4% Operating margin (TTM), FY23 Q4: 24.3% Operating margin (TTM), FY24 Q4: 23.0% Operating margin (TTM), FY25 Q4: 38.7% 38.7%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Operating margin (TTM)
FY22 Q4 15.4%
FY23 Q4 24.3%
FY24 Q4 23.0%
FY25 Q4 38.7%
FCF margin (TTM) Aris Mining Corp
-10% 0% 10% 20% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY22 Q4: -9.5% FCF margin (TTM), FY23 Q4: -2.0% FCF margin (TTM), FY24 Q4: -7.9% FCF margin (TTM), FY25 Q4: 13.9% 13.9%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY22 Q4 -9.5%
FY23 Q4 -2.0%
FY24 Q4 -7.9%
FY25 Q4 13.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 40-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Aris Mining took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $928M
  2. Cost of revenue $415M · 44.7%
  3. Gross profit $513M · 55.3%
  4. Other operating costs $154M · 16.6%
  5. Operating income $359M · 38.7%
  6. Income tax $128M · 13.8%
  7. Interest and other $153M · 16.5%
  8. Net income $78.3M · 8.4%

Shares of revenue. Source: Aris Mining's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 400 448 511 928
Gross profit 204 186 196 513
Operating income 61 109 117 359
Net income −5 11 25 78
Diluted EPS −$0.25 $0.08 $0.14 $0.41
Growth (year on year)
Revenue — +11.9% +14.1% +81.7%
Operating income — +77.0% +7.9% +206.0%
Net income — — +115.3% +218.7%
Diluted EPS — — +75.0% +192.9%
Margins
Gross margin 51.0% 41.5% 38.4% 55.3%
Operating margin 15.4% 24.3% 23.0% 38.7%
Net margin −1.2% 2.6% 4.8% 8.4%
Free-cash-flow margin −9.5% −2.0% −7.9% 13.9%
Cash flow
Cash from operations 77 105 141 373
Capital spending 115 114 181 244
Free cash flow −38 −9 −40 129
Stock-based pay 1 5 5 42
Free cash flow after stock pay −40 −14 −45 87
Balance sheet
Cash 299 195 253 392
Total debt 430 378 516 519
Net debt (negative = net cash) 130 183 264 128
Diluted shares 117m 137m 159m 191m
Returned to shareholders
Dividends 10 0 — —
Buybacks 3 0 — —
Total returned 13 0 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · December 31, 2025
What it owns · $2.5bn
Short-term assets $537mLonger-term assets $2.0bn
What it owes, and who funded it · $2.5bn
Short-term liabilities $305mLonger-term liabilities $756mShareholders' equity $1.4bn
  • Short-term assets cover short-term liabilities $537m of assets due within a year against $305m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $537m short-term assets against $756m of longer-dated liabilities.
  • More cash than debt $392m of cash against $519m of debt.
  • Debt below 40% of shareholders' equity Debt is 36% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $373m of operating cash flow against $519m of debt.
  • Operating profit covers interest at least five times over Operating income of $359m against $37m of interest.

From Aris Mining Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+20.5%
year over year
Days sales outstanding
30 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in gold
Last 12 months unless stated ARIS AUGO FSM DRD RGLD AGI Median
Revenue, last 12 months $928m $922m $947m $661m $1.5bn $1.8bn $1.8bn
Revenue growth, last 12 months 81.7% 55.1% 39.8% 52.3% 93.5% 34.3% 53.7%
Gross margin 55.3% 58.0% 49.3% 53.5% 66.8% 55.2% 51.2%
Operating margin 38.7% — 43.1% 51.4% 61.4% 60.7% 41.2%
Operating margin, 3-year average — — 35.7% 26.3% 59.6% 24.3% 26.0%
Net margin 8.4% −8.6% 30.4% 38.1% 47.7% 49.0% 30.0%
Cash from operations / revenue 40.2% — 54.0% 50.9% 67.5% 44.0% 45.3%
Free-cash-flow margin 13.9% — 28.5% 19.2% 48.1% 15.9% 27.1%
Free-cash-flow margin, 3-year average — — 18.8% 13.8% 50.2% 5.7% 13.8%
Stock pay / revenue 4.5% — — 0.4% 0.8% 3.7% 0.8%
Change in share count 20.5% 8.4% 7.8% 0.4% 20.3% 3.0% 2.9%

Median of all 24 companies we cover in gold. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

24 gold companies
Measure Company Peer median Rank
Revenue growth Growth 81.7% 55.1% 5 of 24
Change in growth rate Growth +67.6pp +20.4pp 3 of 23
Gross margin Profitability 55.3% 53.5% 9 of 21
Operating margin Profitability 38.7% 41.2% 13 of 18
Net margin Profitability 8.4% 30.4% 22 of 24
Free-cash-flow margin Cash generation 13.9% 28.2% 20 of 22
Stock pay as % of revenue Cash generation 4.5% 0.9% 18 of 18
Long-term debt as % of assets Balance sheet 18.6% 7.3% 18 of 18
Change in share count Balance sheet 20.5% 3.0% 21 of 24
Days sales outstanding Balance sheet 30 days 16 days 16 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1.7B
Institutions reporting
183
Shares held vs prior quarter
▲ 1.7%
Positions opened / closed
35 / 15

Top buyers and sellers, Q2 2026: 99 institutions bought and 70 sold ; the biggest buyer was Fil Ltd (+2.1M shares) and the biggest seller Arrowstreet Capital, Limited Partnership (−1.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Van Eck Associates Corp $225M 15.1M 12.9% ▼ 6.5%
Fil Ltd $145M 9.7M 8.3% ▲ 27.0%
Mmcap International Inc. Spc $102M 6.8M 5.8% ▼ 12.6%
Connor, Clark & Lunn Investment Management Ltd. $89.1M 6.0M 5.1% ▼ 9.1%
Vanguard Capital Management LLC $88.2M 5.9M 5.1% ▲ 5.9%
Tt International Asset Management Ltd $65.1M 4.4M 3.7% ▲ 5.3%
Morgan Stanley $58.4M 3.9M 3.3% ▲ 8.4%
Arrowstreet Capital, Limited Partnership $56.5M 3.8M 3.2% ▼ 27.7%
Jpmorgan Chase & Co $53.5M 3.6M 3.1% ▲ 0.9%
Apis Capital Advisors, LLC $53.4M 2.5M 3.1% ▲ 0.2%
American Century Companies Inc $50.1M 3.4M 2.9% ▼ 1.1%
Woodline Partners LP $43.2M 2.9M 2.5% ▲ 19.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Aris Mining Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K

Data status

When each part of this page on Aris Mining Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Aris Mining Corp in brief

What does Aris Mining Corp do?
Aris Mining Corp is a US-listed company in the gold industry. Its financial year ends in December.
What is Aris Mining Corp's stock ticker?
Aris Mining Corp trades under the ticker ARIS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Aris Mining Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Aris Mining Corp reported revenue of $928M, 81.7% higher than a year earlier, according to its SEC filings.
What is Aris Mining Corp's free cash flow?
Aris Mining Corp's free-cash-flow margin is 13.9% of revenue over the trailing twelve months, ranking 20 of the 22 gold companies we cover.
Who are Aris Mining Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Van Eck Associates Corp, Fil Ltd and Mmcap International Inc. Spc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
How much debt does Aris Mining Corp have?
Aris Mining Corp's debt-to-equity ratio is 35.9%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Aris Mining Corp's competitors?
In our Gold peer group, the companies closest to Aris Mining Corp are Aura Minerals Inc., Fortuna Mining Corp., Drdgold LTD, Royal Gold Inc and Alamos Gold Inc. The side-by-side comparison below sets their revenue, margins and growth against Aris Mining Corp's.
When is Aris Mining Corp's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Aris Mining Corp announces its own schedule.