Aris Mining Announces Positive PFS Results for the Toroparu Gold Project - Morningstar

AI desk brief

Aris Mining’s Toroparu PFS outlines 5.9 million ounces of gold reserves and projected production of 5.6 million ounces over 29 years, averaging 258,000 ounces annually in years 1–17. At an assumed $3,600/oz gold price, after-tax NPV5% is $2.8 billion and IRR 31.5%. Initial funding of $1.005 billion assumes $138 million from Wheaton, which retains discretion to provide it under the existing stream agreement. An early-2027 construction decision remains subject to approvals, followed by a planned 32-month build; potential supply is therefore longer-term, with no material near-term bullion effect established.