Aris Mining aims to quadruple gold output by 2031, targeting $2.9bn EBITDA and strong stock gains.

Aris Mining plans to increase its annual gold production to 500,000 ounces by 2028 and 1 million ounces by 2031 through major expansions in Guyana and Soto Norte. Assuming a gold price of $4,300 per ounce, the company's EBITDA is expected to triple by 2027 and exceed $2.9 billion long term, fully funding its $2.1 billion capital expenditure without needing dividends or buybacks. Despite sector risks and volatility, Aris Mining is rated a strong buy with a price target of $38 by 2027, offering over 100% upside potential supported by aggressive, cash flow-funded growth.