(ARIS) Aris Mining Corporation Business Model Canvas Research

Aris Mining Corporation relies on mining contractors and EPCM firms for drilling, construction, engineering, and mine services that support development work, plant upgrades, and sustaining capital projects. Outsourced specialists add speed, flexibility, and extra execution capacity, which matters when Aris Mining Corporation is running multi-site capital programs across Colombia and Guyana.

• Drilling and mine services
• Construction and engineering support
• Plant upgrades and sustaining capital
• Faster delivery and flexible capacity

Aris Mining Corporation depends on suppliers of trucks, mill equipment, explosives, power, and consumables to keep its gold plants running 24/7; even short delays can hit ore movement, milling, and maintenance. Logistics partners are key because inputs and doré must move across operating sites in Colombia and Guyana without interrupting production.

• Keep critical parts flowing
• Support nonstop mill uptime
• Move fuel, power, and explosives
• Link multiple mining sites

Aris Mining Corporation’s environmental and safety management centers on HSE systems, water control, tailings management, and compliance monitoring to reduce operational risk and protect workers, permits, and local trust. Strong site controls matter because one serious incident can halt production, raise costs, and trigger regulatory action.

These controls also support stable operations by tracking discharge, dam integrity, and rule compliance across each mine site.

• HSE systems reduce injury and shutdown risk
• Water control protects permits and communities
• Tailings monitoring limits environmental exposure
• Compliance checks protect reputation and output

Aris Mining Corporation’s project development and optimization work centers on mine expansions, plant debottlenecking, and capital project delivery at Segovia and Marmato, with feasibility studies, engineering, and ramp-up planning tied to higher throughput and lower unit costs. The focus is simple: add ounces, raise plant efficiency, and spread fixed costs over more production.

• Expand mine output over time
• Debottleneck plant capacity
• Deliver capital projects on plan
• Support feasibility and engineering
• Plan production ramp-up carefully
• Cut unit costs through scale

Aris Mining Corporation’s key resource is its technical workforce and Vancouver-based leadership: geologists, miners, engineers, and metallurgists who keep complex operations safe and efficient. In mining, human capital is a real edge because production depends on skilled people making daily decisions that lift output, control dilution, and reduce downtime.

• Geologists guide ore targeting.
• Engineers improve mine plans.
• Metallurgists lift recovery rates.
• Skilled crews support safe output.
• Vancouver leadership steers capital.

Aris Mining Corporation’s key resources include mining concessions, operating licenses, and land access rights in Colombia and Guyana; these legal rights let it explore, build, and produce gold legally, and without them its mines cannot turn physical assets into revenue. As of 2024, Aris Mining reported 2 producing gold operations, making title security a core value driver.

• Concessions secure ore rights
• Licenses allow legal production
• Land access keeps sites operable
• Without title, no revenue

Aris Mining Corporation’s responsible mining execution means safe, compliant, community-aware operations across its 2 producing mines, Segovia and Marmato. In 2025, that ESG discipline is part of the product itself: it helps protect permits, build local trust, and keep institutional investors engaged, not just lower operating risk.

• Safe, compliant mine execution
• Community trust supports permits
• ESG helps attract capital
• Responsible mining is part of value

Aris Mining Corporation’s mix of operating mines and development projects across Colombia lowers single-asset and single-country risk. In 2024, gold production was above 200,000 oz, and having more than one site helps smooth output when one mine faces grade, weather, or permitting issues.

This spread also supports longer-term growth because cash flow from one asset can help fund the next. The result is less volatility and a stronger base for scaling production.

• Multiple mines reduce concentration risk.
• Different assets smooth production swings.
• Cash flow can fund growth projects.

Aris Mining Corporation’s government and regulator engagement is formal and continuous: the Company must keep structured permit, environmental, and operating reports moving to protect continuity at its 2 Colombian gold mines. These relationships are not one-off meetings; they shape mine approvals, expansions, and day-to-day operating permissions.

• 2 operating mines need ongoing oversight
• Formal reporting supports permit compliance
• Regulatory trust is key to approvals

Aris Mining Corporation’s community engagement and grievance handling should center on local hiring, regular consultation, and clear issue-resolution channels, because mining projects keep their social licence only when communities can raise and see problems fixed. In 2025, this matters more as disruption risk can delay production, raise costs, and weaken long-term access to land and permits.

• Local jobs build trust fast.
• Two-way dialogue cuts conflict risk.
• Fast grievance closure protects access.

Aris Mining Corporation uses the TSX and its U.S. listing plus SEDAR+ and EDGAR filings, along with press releases, to broadcast operating and financial results. These channels keep investors informed, support credibility, and help the Company access capital by making disclosure timely and easy to verify.

• TSX and U.S. market disclosure
• SEDAR+ and EDGAR filings
• Press releases on results and guidance
• Builds trust and capital access

Aris Mining Corporation uses site offices and stakeholder forums at its 3 operating assets in Colombia and Guyana to keep asset-level work aligned. Local offices, community meetings, and government briefings help resolve issues fast, manage permits and social risk, and support day-to-day coordination where the mines operate.

• Local offices: on-site coordination
• Community meetings: trust and feedback
• Government briefings: permits and compliance
• Asset level: fast issue resolution

Jewelry makers and industrial buyers are the main downstream users of Aris Mining Corporation’s refined gold and silver, turning mine output into rings, electronics, and other products. In 2025, global gold demand reached 4,974 tonnes, with jewelry the largest use, so these buyers set end-market demand and help keep liquidity strong for Aris Mining Corporation’s output.

• Jewelry drives most gold demand
• Industrial use supports silver offtake
• 2025 gold demand: 4,974 tonnes

Institutional and retail investors are Aris Mining Corporation's equity holders in public markets, so they fund growth even though they do not buy gold or silver. Their focus is clear: production growth, AISC margins, reserve life, and governance discipline.

Aris Mining Corporation must keep this segment convinced with steady output, mine-life extension, and strong capital allocation. A small slip in reserve replacement or balance-sheet control can hit valuation fast.

• Public-market funding, not metal demand
• Focus on growth and margins
• Watch reserves and governance

Aris Mining Corporation’s sustaining capital and development spend funds underground development, equipment replacement, and plant expansion, keeping current mines productive while turning reserves into mined tonnes. In 2025, its guidance targeted 230,000-275,000 ounces of gold, with capital tied to reserve conversion and higher throughput at Segovia and Marmato.

• Underground development
• Fleet and plant replacement
• Reserve conversion
• Project expansion

Aris Mining Corporation’s cost structure is heavy on government royalties, Colombia’s 35% corporate income tax, site security, and transport, because ore and supplies move across more than one operating area. It also has to fund permits, compliance, and community programs, so fixed overhead stays high even when gold output is stable.

• Royalties and 35% tax load
• Security and haulage costs
• Permits, compliance, community spend
• Cross-border logistics pressure margins

Aris Mining Corporation’s future revenue from development assets sits in Soto Norte, Toroparu, and Juby. As of 2025/2026, these projects are still advancing, so revenue is not yet booked, but they are meant to add a material lift to future sales volumes once they move into production.

• Soto Norte: pipeline growth
• Toroparu: future sales option
• Juby: longer-term upside

Aris Mining Corporation’s revenue stream moves with the realized gold price and ounces sold, so every metal-cycle swing hits sales and cash flow fast. In 2025, gold traded above US$2,300/oz at times, which can lift margins quickly for producers like Aris Mining, but weaker prices or lower output cut revenue just as fast.

• Price up: margins widen fast
• Volume down: revenue slips
• High cycle sensitivity