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Aris (ARMN) is a smaller gold mining company with a market cap of $2 billion. Founded in September 2022, it’s headquartered in Vancouver, Canada. Its vision is to build a leading South America-focused gold mining company.

Zacks has just two analysts for Aris Mining, but both have revised earnings estimates up for both 2025 and 2026 in the last 60 days. The 2025 Zacks Consensus Estimate is now expected to be $1.23, which is earnings growth of 261% as the company made just $0.34 last year. The good times are expected to continue in 2026, too, with another 65.9% earnings growth on earnings of $2.04. Here’s what it looks like on the price and consensus chart.
 

Aris Mining currently operates two underground gold mines in Colombia: the Segovia Operations and the Marmato Complex, which produced a total of 210,955 ounces of gold in 2024.

Expansion is underway and Aris Mining is targeting an annual production rate of more than 500,000 ounces of gold. That will follow the commissioning of a second mill at Segovia, which is ramping up during H2 2025, and the Bulk Mining Zone at the Marmato Complex, which is expected to start ramping up production in H2 2026.

The company also owns 51% of the Soto Norte joint venture in Colombia. And it owns the Toroparu gold/copper project in Guyana, which is in a prefeasibility stage.

Recommended Action: Buy ARMN.

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