Aris Mining Corporation ARMN

Competitive advantage analysis · basic-materials

Corporate Default
Overall moat score
42/100
Developing

About Aris Mining Corporation

Aris Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana. It also explores for silver and copper deposits. The company was formerly known as GCM Mining Corp. and changed its name to Aris Mining Corporation in September 2022. Aris Mining Corporation is based in Vancouver, Canada. Full ARMN analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 1.00), suggesting sticky customer base.

Key risks

  • Scale Without Profitability Despite scale, profitability lags peers (score 0.35), suggesting limited competitive advantage.
  • Elevated Debt Risk Debt serviceability is weak (score 0.29), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
45

Where ARMN ranks in Gold

Aris Mining Corporation ranks #30 of 49 scored companies in Gold by moat score — the top 61%. The widest moat in the group is Agnico Eagle Mines Limited (AEM) at 78/100.

Moat scores for companies ranked near ARMN in Gold
# Company Moat score Rating
26 Barrick Gold Corporation GOLD 46/100 Developing
27 Equinox Gold Corp. EQX 45/100 Developing
28 Gold Royalty Corp. GROY 44/100 Developing
29 International Tower Hill Mines, THM 42/100 Developing
30 Aris Mining Corporation ARMN 42/100 Developing
31 Galiano Gold Inc. GAU 39/100 Developing
32 Seabridge Gold, Inc. SA 39/100 Developing
33 Austin Gold Corp. AUST 38/100 Developing
34 U.S. Gold Corp. USAU 30/100 Developing

See every Commodities & Mining company ranked by moat score →

How ARMN scores on the Corporate Default defenses

Pricing Power

Score 45 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 49 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 64 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 31 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 38 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 24 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding ARMN's moat

What is Aris Mining Corporation's moat score?

Aris Mining Corporation (ARMN) scores 42 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #30 of 49 scored companies in Gold, the top 61%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Gold. Its strongest defense is Customer Stickiness (64/100) and its weakest is Scale & Market Position (24/100).

How does Aris Mining Corporation compare with other Gold companies?

Aris Mining Corporation ranks #30 of 49 scored companies in Gold by moat score. The widest moat in Gold is Agnico Eagle Mines Limited (AEM) at 78/100. The companies ranked closest are International Tower Hill Mines, (THM) at 42 just above it and Galiano Gold Inc. (GAU) at 39 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Gold. The defenses are then weighted to produce the overall score out of 100.

Why is Aris Mining Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Aris Mining Corporation?

The Corporate Default template measures 6 defenses, and ARMN scores: Pricing Power (45), Cost Advantage (49), Customer Stickiness (64), Capital Efficiency (31), Resilience (38), Scale & Market Position (24). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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