RE:RE:The train is leaving the station? $10 coming soon? (Currency is US$ unless noted otherwise) Closing Price (C$/sh) $4.67 Rating BUY Target (C$/sh) $12.00 Return to Target 157% 52 Week Low / High (C$/sh) CAPITALIZATION Basic Diluted Shares Outstanding (M) 136.1 201.1 Market Capitalization (C$M) $635.6 Enterprise Value (C$M) $757.4 Last Reported Cash (C$M) $446.3 Last Reported Debt (C$M) $568.1 FYE: DEC 31 2021A 2022E 2023E Au Produced (000's oz) 209 236 257 Cash Costs ($/oz) $824 $750 $775 CAPEX ($M) $230 -$21 $232 Gross Revenue ($M) $383 $400 $496 EBITDA ($M) $175 $179 $248 CFPS ($/sh) $1.11 $0.80 $1.14 EPS ($/sh) $2.61 $0.16 $0.77 STOCK CHART PRODUCTION FORECAST RELATIVE VALUATION 2023 EV/EBITDA P/NAV Aris Mining Corp. 2.3x 0.21x Peers* 4.2x 0.71x *S&P Capital IQ MAJOR SHAREHOLDERS DISCLOSURE CODE: 1,2 (Please refer to the disclosures listed on the back page) Source: RCS estimates, Company Information, Capital IQ Company Description $2.69 / $6.13