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Guyana, Columbia gold projects to push Canadian firm into 1M ounces annual league
(Kaieteur News) – Canadian miner Aris Mining Corporation is positioning its Guyana and Columbia-based gold projects Toroparu and Soto Norte as the key pillar in a broader strategy to reach annual gold production of one million ounces.
In its fourth quarter and full-year 2025 results, the company outlined that advancing Toroparu alongside its Soto Norte project in Colombia will be critical to achieving that target, placing Aris among a small group of global gold producers operating at that scale.
Aris Mining Chief Executive Officer (CEO) Neil Woodyer during the conference call outlined that the projects forms part of Aris broader growth strategy across Guyana and Colombia.
It was reported that Aris produced 257,000 ounces of gold in 2025. The company said continued investment in projects such as Toroparu is expected to drive output to 500,000 ounces annually in the near term.
Woodyer said, “We’re on track to grow production to 500,000 ounces in the near term. Advancing Toroparu and Soto Norte create a pathway to 1 million ounces per year. Fewer than 15 mining companies globally produce more than 1 million ounces annually. With our asset base, balance sheet and cash flow, Aris has a clear path to join that group.”
Aris said it is on track with its development timeline, noting that the Toroparu prefeasibility study is expected to be completed this year. The company positions for a potential construction decision by early 2027. The company has already begun select pre-construction activities at the site, including the construction of a bridge at the Puruni River crossing and ongoing road works to improve access to the project.
The Toroparu Project, located in Region Seven (Cuyuni-Mazaruni), is one of the largest undeveloped gold deposits in Guyana.
It is being developed through Aris Mining local subsidiary, ETK Inc. and is expected to produce an average of 235,000 ounces of gold per year over more than two decades, yielding approximately 5 million ounces of gold, 4.9 million ounces of silver, and 260 million pounds of copper over its mine life.
Aris Mining disclosed in the Toroparu Preliminary Economic Assessment (PEA) that ETK currently holds all the necessary permits and permissions required for exploration and medium-scale mining and recovery of gold and other minerals in the project area.
Kaieteur News reported that that the Toroparu project is expected to generate US$14.7 billion in gold sales based on a base gold price of US$3,000 per ounce over its 21-year mine life.
The PEA states that at a base gold price of US$3,000 per ounce, the project is expected to contribute US$2.2 billion in income taxes and US$1.2 billion in royalty payments to the Government of Guyana, bringing the country’s total projected earnings to US$3.4 billion. At the same gold price assumption, the Toroparu gold project is projected to deliver an after-tax Net Present Value (NPV5%) of US$1.8 billion, an Internal Rate of Return (IRR) of 25.2%, and a payback period of three years.
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