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Summary of Material Accounting Policy Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of Material Accounting Policy Information [Abstract] |
Schedule of Disclosure of the Company's Subsidiaries | Details regarding the Company and its principal subsidiaries as of December 31, 2024 are as follows:
Entity | Property/ function | Registered | Functional currency (1)
Aris Mining Corporation | Corporate | Canada | USD
Aris Mining Holdings Corp. | Corporate | Canada | USD
Aris Mining (Panama) Marmato Inc. | Corporate | Panama | USD
Aris Mining Segovia | Segovia Operations | Colombia | COP
Aris Mining Marmato | Marmato Mine | Colombia | COP
Minerales Andinos de Occidente, S.A.S. | Marmato Zona Alta | Colombia | COP
Minera Croesus S.A.S. | Marmato Zona Alta | Colombia | COP
MIC Global Mining Ventures S.L. | Soto Norte Project | Spain | USD
ETK Inc. | Toroparu Project | Guyana | USD
(1)“USD” = U.S. dollar; “COP” = Colombian peso.
Schedule of Measurement of Financial Assets and Liabilities | The Company has assessed the classification and measurement of its financial assets and financial liabilities as follows:
| Classification category
Cash and cash equivalents | Amortized cost
Trade and other receivables | Amortized cost
Cash in trust | Amortized cost
Other long-term receivables | Amortized cost
Accounts payable and accrued liabilities | Amortized cost
Soto Norte deferred consideration | Amortized cost
DSU liability | FVTPL
PSU liability | FVTPL
Gold Notes | FVTPL
Warrant liabilities | FVTPL
Embedded derivative asset in Senior Notes | FVTPL
Convertible Debentures | FVTPL
Investments and other assets | FVTPL
Other long-term assets | FVTPL
Schedule of Investments in Associates | The Company conducts a portion of its business through investments in joint arrangements and associates.
Associate | Location | Ownership Interest | Classification and accounting method | Mining properties
Seasif Exploration Inc (“Seasif Exploration“) | Canada | 24.3 | % | Associate; equity method | Meadowbank Project
| Percentage of ownership | Common shares | December 31, 2024 | December 31, 2023
Soto Norte (a) | — | % | — |  | $ | — |  | $ | 108,527 |
Seasif Exploration (previously Western Atlas) (c) | 24.3 | % | 29,910,588 | 180 |  | 253 |
Total |  |  | $ | 180 |  | $ | 108,780 |
The income (loss) from investments in associates during the years ended December 31, 2024 and 2023 comprises:
| Year-ended December 31,
| 2024 | 2023
Soto Norte (a) | $ | (2,811) |  | $ | 2,650 |
Denarius (b) | — |  | (2,463) |
Seasif Exploration (previously Western Atlas) (c) | (73) |  | (128) |
Total | $ | (2,884) |  | $ | 59 |
The following table summarizes the change in the carrying amount of the Company’s investment in Soto Norte:
| Amount
Investment in associate as of December 31, 2022 | $ | 100,772 |
Company’s share of the income from the associate | 2,650 |
Cash contributions to Soto Norte | 5,105 |
Investment in associate as of December 31, 2023 | 108,527 |
Company’s share of the loss from the associate | (2,811) |
Cash contributions to Soto Norte | 2,647 |
Reclassification of investment (Note 5) | (108,363) |
Investment in associate as of December 31, 2024 | $ | — |
| Amount
As at December 31, 2022 | $ | 51,504 |
Interest expense | 2,246 |
Repayment | (50,000) |
Interest paid | (3,750) |
As at December 31, 2023 | $ | — |
Summarized financial information for the Soto Norte Project during the period in which the Company exercised significant influence, on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies, is as follows:
| Year-ended December 31,
| 2024 | 2023
Project expenses | (13,022) |  | (10,173) |
Net (loss) income and comprehensive (loss) income of associate | (14,054) |  | 13,251 |
Company’s equity share of the net (loss) income and comprehensive (loss) income of associate – 20% | $ | (2,811) |  | $ | 2,650 |
The following table summarizes the change in the carrying amount of the Company’s investment in Denarius:
| Common shares | Warrants | Total
As of December 31, 2022 | $ | 11,960 |  | $ | 409 |  | $ | 12,369 |
Additions | 1,122 |  | — |  | 1,122 |
Company’s share of the loss from the associate | (783) |  | — |  | (783) |
Equity share of other comprehensive loss | 600 |  | — |  | 600 |
Loss on dilution | (1,680) |  | — |  | (1,680) |
Loss on derecognition | (8,142) |  | — |  | (8,142) |
Reclassification of investment | (3,077) |  | (409) |  | (3,486) |
Investment in Denarius as at December 31, 2023 | $ | — |  | $ | — |  | $ | — |
| Common shares | Warrants | Convertible Debenture | Total
Reclassification of investment | $ | 3,077 |  | $ | 409 |  | $ | — |  | $ | 3,486 |
Purchase of Denarius Debenture | — |  | — |  | 3,603 |  | 3,603 |
Change in fair value | 919 |  | (160) |  | 1,908 |  | 2,667 |
Other financial asset as at December 31, 2023 | $ | 3,996 |  | $ | 249 |  | $ | 5,511 |  | $ | 9,756 |
Change in fair value | 895 |  | (98) |  | 2,071 |  | 2,868 |
Other financial asset as at December 31, 2024 | $ | 4,891 |  | $ | 151 |  | $ | 7,582 |  | $ | 12,624 |
The following table summarizes the change in the carrying amount of the Company’s investment in Seasif Exploration:
| Amount
As of December 31, 2022 | $ | 381 |
Company’s share of the loss from the associate | (128) |
As of December 31, 2023 | $ | 253 |
Company’s share of the loss from the associate | (73) |
Investment in Seasif Exploration as of December 31, 2024 | $ | 180 |
Schedule of Plant and Equipment Useful Life | Depreciation of plant and equipment and other assets is calculated using the straight-line method to allocate their cost to their residual values over the shorter of the life of mine or their estimated useful lives, as follows:
Machinery and equipment | 10 years
Transportation equipment | 5 years
Office and other equipment | 4 to 10 years
Buildings and improvements | 20 years
Schedule of Disclosure of Accounting Standard Updates Adjustments |
| As at December 31, 2023 | As at January 1, 2023
| As previously disclosed | Adjustment | Adjusted balances | As previously disclosed | Adjustment | Adjusted balances
Current portion of long-term debt | $ | 36,826 |  | $ | — |  | $ | 36,826 |  | $ | 15,525 |  | $ | 13,181 |  | $ | 28,706 |
Current portion of warrant liabilities | 15,625 |  | 10,981 |  | 26,606 |  | — |  | 21,794 |  | 21,794 |
Long-term debt | 341,005 |  | — |  | 341,005 |  | 362,909 |  | (13,181) |  | 349,728 |
Warrant liabilities | 10,981 |  | (10,981) |  | — |  | 21,794 |  | (21,794) |  | — |

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