12:03 PM EDT, 03/13/2025 (MT Newswires) -- (Updates shares.)

Aris Mining ( ARMN ) on Wednesday said its fourth-quarter adjusted earnings rose as it achieved its highest production of the year.

Adjusted earnings, excluding most one-time items, climbed to to US$24.7 million, or US$0.14 per share, from US$11.8 million, or US$0.09, in the year-prior quarter.

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

The company produced 57,364 ounces of gold, down from 61,052 ounces 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, up from 2024 production of 187,583 ounces.

Aris also plans to expand the capacity of the Lower Mine at the Marmato project in Colombia 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.

Aris shares were last seen up $0.48 to $6.32 on the Toronto Stock Exchange.

Price: 6.32, Change: +0.48, Percent Change: +8.22