Aris Mining (TSX:ARIS) Is Up 6.7% After Segovia Reserve Upgrade And Soto Norte Control Shift

Aris Mining recently reported an updated Segovia mineral reserve and resource estimate effective November 28, 2025, showing increases in measured, indicated, inferred resources and reserves while maintaining high gold grades reviewed and approved under NI 43-101 standards. Alongside this resource growth, the company has assumed full control of the Soto Norte project and is pursuing fully funded production expansion across Colombia and Guyana, underscoring its push toward a larger-scale gold business. We'll examine how the Segovia reserve and resource increases reshape Aris Mining's investment narrative and future growth and risk profile. Outshine the giants: these 25 early-stage AI stocks could fund your retirement.Aris Mining Investment Narrative RecapTo own Aris Mining, you need to believe it can turn its growing high grade resource base in Colombia and Guyana into sustained, profitable production while managing country and project execution risks. The latest Segovia reserve and resource upgrade supports the long term mine plan but does not materially change the near term focus, which still centers on delivering the current expansion projects on time and on budget without straining the balance sheet. The most connected recent development is Aris Mining’s move to 100% ownership of the Soto Norte project, which, together with the Segovia update, reinforces the scale of its future project pipeline. This enlarges both the opportunity and the execution risk around its growth plans, particularly given its operational concentration in Colombia and the need to maintain supportive regulatory and community conditions as these projects advance. Yet investors should be aware that the same concentration in Colombia that amplifies Aris Mining’s upside potential also... Read the full narrative on Aris Mining (it's free!)Aris Mining’s narrative projects $1.5 billion revenue and $695.3 million earnings by 2028. This requires 32.4% yearly revenue growth and roughly a $690.2 million earnings increase from $5.1 million today.Uncover how Aris Mining's forecasts yield a CA$28.89 fair value, a 19% upside to its current price.Exploring Other PerspectivesTSX:ARIS Earnings & Revenue Growth as at Jan 2026 Seven members of the Simply Wall St Community see Aris Mining’s fair value anywhere between US$4.47 and US$49, underlining how far opinions can stretch. When you set that against the company’s heavy exposure to Colombian geopolitical and regulatory risk, it becomes even more important to compare different viewpoints before deciding how its growth story might play out.Explore 7 other fair value estimates on Aris Mining - why the stock might be worth over 2x more than the current price!Build Your Own Aris Mining NarrativeDisagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.A great starting point for your Aris Mining research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.Our free Aris Mining research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Aris Mining's overall financial health at a glance.Curious About Other Options?Early movers are already taking notice. See the stocks they're targeting before they've flown the coop:AI is about to change healthcare. These 30 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.The end of cancer? These 29 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.We've found 13 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.