06:30 AM EDT, 03/13/2025 (MT Newswires) -- Aris Mining ( ARMN ) on Wednesday said its fourth-quarter adjusted earnings grew as it achieved its highest production of the year.

Adjusted earnings surged to US$24.7 million, or US$0.14 per share, from US$11.8 million, or US$0.09 per share.

The company swung to a net profit of US$21.7 million, or US$0.13 per share, from a loss of US$5.9 million, or US$0.04 per share. Adjusted EBITDA also increased to US$55.6 million from US$39.7 million.

The company produced 57,364 ounces of gold that was a decline from the 61,052 ounces of gold in the year-ago period, but was the highest quarterly production in 2024.

For 2025, Aris expects to produce 210,000 to 250,000 ounces of gold, versus 2024 production of 187,583 ounces.

Aris also plans to expand the capacity of the Lower Mine at the Marmato project by 25% to 5,000 tonnes per day, up from the initial 4,000 tpd. The updated cost to complete construction is US$290 million. The production ramp-up is scheduled to start in the second half of 2026.