Summary

• Aris Mining is my top gold sector pick, rated strong buy, with a well-structured plan to quadruple production by 2031.
• ARIS targets 500k oz annual gold production by 2028, with major expansions in Guyana and Soto Norte driving output to 1m oz by 2031.
• Assuming $4,300/oz gold, ARIS EBITDA is projected to triple by 2027 and exceed $2.9bn long term, fully funding $2.1bn capex without dividends or buybacks.
• Despite sector volatility and risks, ARIS offers over 100% upside to a $38 2027 price target, supported by aggressive, cash flow-funded growth.

Introduction

I have been covering and investing in Aris Mining (ARIS) since mid-2025, when it appeared on my radar screen, not from equity but as a debt investment. I recently had the opportunity to speak

3.69K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ARIS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.