Expanding operations and increasing output in Colombia
- Aris Mining expects gold production to double in 2026 compared to 2023
- Gold output reached 226,151 ounces in 2023, within the guidance range
- The company is expanding processing facilities and building a new mine
- Expected total gold production of 500,000 ounces in Colombia in 2026
Aris Mining has set its sights on doubling its gold production in 2026 compared to 2023. In 2023, the company achieved a gold output of 226,151 ounces from its Segovia operations and the Marmato Upper Mine, meeting its guidance range. Chief Executive Neil Woodyer expressed confidence in the expansion plans, stating that the company is expanding its processing facilities and building a new mine. The Segovia processing facility is being expanded by 50% to 3,000 metric tons a day, with completion expected in early 2025. Additionally, the new Marmato Lower Mine is under construction, with the first gold pour anticipated in late 2025. Aris Mining projects a total gold production of approximately 500,000 ounces in Colombia in 2026 after the completion of these two expansion projects.
Public Companies: Aris Mining (N/A)
Private Companies:
Key People: Neil Woodyer (Chief Executive)
Factuality Level: 8
Justification: The article provides specific information about Aris Mining’s gold production in Colombia, including the current production levels, guidance for future production, and details about the company’s expansion projects. The information is presented in a straightforward manner without any obvious bias or opinion. However, without additional sources or verification, it is difficult to confirm the accuracy of the information provided.
Noise Level: 8
Justification: The article provides information about Aris Mining’s gold production in Colombia and its expansion projects. However, it lacks in-depth analysis, scientific rigor, and intellectual honesty. It does not explore the long-term trends or antifragility of the mining industry. The article also does not hold powerful people accountable or provide actionable insights or solutions. Overall, it contains mostly factual information without much depth or critical analysis.
Financial Relevance: Yes
Financial Markets Impacted: Gold markets and mining companies
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the expected increase in gold production from Aris Mining’s operations in Colombia. While there is no mention of any extreme events or significant impacts on financial markets, the information is relevant to investors and companies involved in the gold mining industry.
www.marketwatch.com 
