Aris Mining trades at a discount with potential to double gold production to 500,000 oz.

Aris Mining (ARIS) is currently valued attractively with a forward P/E of 8.25x and has the potential to double its gold production to 500,000 ounces annually, driven by the Marmato expansion. The company benefits from high-grade, low-cost gold output at Segovia and internally funds its growth while maintaining minimal net debt. Key growth catalysts include the Marmato ramp-up and progress on large development projects Soto Norte and Toroparu. Despite some jurisdiction and execution risks, ARIS is rated a BUY due to strong cash flow, near-term growth prospects, and a significant valuation discount.

Aris Mining's potential to double its gold production adds an interesting angle to its current market performance. On Pluang, ARIS shares trade at USD 16.10, down 4.85% as of Oct 14, 2026 21:11 WIB. The stock's market cap stands at $3.48 billion, with a 52-week range between $9.09 and $22.68, showing significant price movement over the year.