Aris Mining Shares Jump 56.8% in Three Months as Q3 Output Hits 73,236 Ounces
Aris Mining shares rose 56.8% over three months, outpacing the S&P 500’s 3.2% and peers Newmont’s 39.5% and Agnico Eagle’s 26.8%. Q3 2025 production climbed 36.6% to 73,236 ounces, lifting nine-month output to 186,651 ounces, while all-in sustaining costs increased to $1,641 per ounce.
1. Stock Performance
Aris Mining shares gained 56.8% over the past three months, outperforming the industry’s 33.4% and the S&P 500’s 3.2% advances. The stock now trades above its 50- and 200-day moving averages, reflecting strong momentum and investor confidence.
2. Production Growth and Operations
In Q3 2025, Aris produced 73,236 ounces of gold, up 36.6% year over year, boosting nine-month output to 186,651 ounces toward guidance of 230,000–275,000 ounces. Expanded capacity at the Segovia mine via a second mill and full ownership of the Soto Norte joint venture supported these gains.
3. Costs, Valuation and Outlook
All-in sustaining costs rose to $1,641 per ounce in Q3 from $1,540 a year ago, driven by higher sustaining capital expenditures at Segovia. The stock trades at a forward P/E of 6.46x versus the industry average of 14.05x, while 2026 and 2027 earnings estimates have increased to $1.40 and $2.68 per share.