Segovia
Our Flagship Gold Operation and Growth Engine
At Aris Mining, Segovia is our flagship underground gold operation in Antioquia, Colombia, and one of our key production engines. Our recent second-mill expansion is designed to push throughput and output higher as we work toward a much larger production profile.
As a leading high-grade underground mine, Segovia supports strong margins through both current cash generation and expansion upside.
Operational Focus
A gradual production ram-up to 3,000 tpd since the commissioning of our second mill in June 2025.
Segovia Operations at a Glance
Mineral Reserves and Resources
1.5 Moz P&P gold reserves at 10.7 g/t
3.6 Moz M&I gold resources at 15.3 g/t
2025 Gold Production
228 koz
2026 Guidance
265 - 300 koz
2026 Catalysts
Continued production ramp-up, targeting gold production of 265 – 300 koz in 2026
Site Facts
- Location: Antioquia, Colombia (~180 km northeast of Medellín).
- Type: Underground Mine (comprised of four underground mines).
- Processing capacity: 3,000 tpd.
- The deposits in the Segovia district have been mined for over 150 years.
- Track record of reserve & resource replacement.
YoY Performance & Financial Highlights
Total Gold Sold
In ounces
| Year | Ounces Sold |
|---|---|
| 2024 | 187,122 |
| 2025 | 231,177 |
As of Dec. 31, 2025 • Q4 and Full Year 2025 Press Release
AISC Margin*
In millions
| Year | AISC Margin |
|---|---|
| 2024 | $163 |
| 2025 | $421 |
As of Dec. 31, 2025 • Q4 and Full Year 2025 Press Release
* Non-IFRS financial measures
Contract Mining Partners
Our Partnership-driven Model
We integrate local small-scale miners into a formal, safe, and environmentally responsible framework through our Contract Mining Partners (CMPs). This allows us to support thousands of jobs while securing reliable mill feed. Our CMP model allows us to formalize artisanal mining, streamline permitting, and expand technical support.
Learn More About Our Contract Mining Partners
