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Segovia's gold grade jumped 32% year-over-year as Aris Mining's Colombia operations generated over $360 million USD in Q1 revenue.

The financing package was originally set at $10 million CAD but increased due to investor demand, says the company.

The second mill integrates with existing plant circuits for crushing, flotation, leaching, and filtration; completed on time in June 2025.

Aris Mining aims to boost annual gold production to over 500,000 oz via Segovia mill expansion (2025) and Marmato Lower Mine ramp-up (2026).

In Q4 2024, Aris Mining reported $22M net income and $67M EBITDA, driven by gold production.

Aris Mining owns 2 1/2 gold mines in Colombia, with additional assets in Guyana and Canada.

The company’s 2024 exploration strategy includes geological mapping, trench sampling, and further soil and rock analyses.

Soma says that its ongoing exploration indicates high-potential gold zones, further evidenced by stream sediment results and recent channel samples.

According to Aris Mining, the redemption of the 2026 notes remains conditional on the completion of this new debt offering.

Aris is seeking to address the challenges posed by informal and illegal mining, which has been a longstanding issue in Colombia.