Aris Mining Completes Acquisition of 49% of Soto Norte Project to Bolster Growth Ambitions

Aris Mining Completes Soto Norte Acquisition

Aris Mining Corporation has officially announced the completion of its acquisition of the remaining 49% stake in the Soto Norte joint venture from MDC Industry Holding Company LLC (Mubadala). With this acquisition, Aris Mining now holds 100% ownership of the Soto Norte Project located in Colombia, marking a significant step in the company’s strategic plan to expand its footprint in the gold mining sector.

Neil Woodyer, the CEO of Aris Mining, expressed his excitement about the acquisition, stating, "With our complete ownership of Segovia, Marmato, Toroparu, and now Soto Norte, we are focused on creating a robust, diversified gold business across Colombia and Guyana." He emphasized that the company aims to generate strong cash flows from its existing operations while also gearing up for future expansions and exploratory projects.

Aris Mining, founded in September 2022, has rapidly progressed in its 'buy-and-build' strategy in the gold mining industry. The company operates two underground gold mines in Colombia, namely the Segovia Operations and the Marmato Complex, which together produced an impressive 210,955 ounces of gold in 2024. With ongoing expansions, Aris Mining is poised to elevate its production rate to over 500,000 ounces of gold annually. This increase will be fueled by the commissioning of a second mill at Segovia and the construction of the Bulk Mining Zone at Marmato, set to produce its first gold in the latter half of 2026.

Furthermore, Aris Mining owns the Toroparu gold project in Guyana, where a new Preliminary Economic Assessment has recently been concluded, with a Prefeasibility Study currently in progress. Upon the completion of the PFS, Toroparu is expected to advance towards construction.

The acquisition of the Soto Norte project not only enhances Aris Mining’s asset base but also strengthens its position in the industry. A Prefeasibility Study completed at Soto Norte indicates a smaller-scale development plan that confirms the project’s status as a high-grade, long-life mine with solid economic potential, coupled with exemplary environmental and social design features. Environmental studies are anticipated to be finalized soon, with submissions for the licensing process expected in the first half of 2026.

Aris Mining is dedicated to building a leading gold mining enterprise focused on South America, aiming to unlock value through scale and diversification. The company trades on both the TSX and NYSE-A under the symbols ARIS and ARMN, respectively, and is guided by a team experienced in creating shareholder value through operational excellence and financial discipline.

As Aris Mining continues its ambitious path, it aspires to join the ranks of gold companies worldwide that produce over one million ounces annually, a milestone that requires strong operational efficiencies and strategic growth initiatives. Completing the acquisition of Soto Norte is just one step on this journey, solidifying the company’s long-term vision of becoming a leader in the gold mining sector in the region.

In conclusion, Aris Mining’s strategic acquisition not only showcases its commitment to growth and leadership in mining but also underscores its ambition to drive significant advancements in production and sustainability. As the company moves forward, its ongoing developments and expansions will undoubtedly be closely watched by investors and stakeholders alike. For more details, visit Aris Mining's website.