Aris Mining Acquires 100% Ownership of Soto Norte Project
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1 hour ago0mins
- Acquisition Completed: Aris Mining has finalized the acquisition of the remaining 49% interest in the Soto Norte joint venture, now owning 100% of the project and terminating the precious metals stream agreement with Mubadala, thereby enhancing asset control.
- Strategic Expansion: This acquisition solidifies Aris Mining's market position in Colombia, combining it with Segovia, Marmato, and Toroparu projects to create a robust gold mining portfolio, which is expected to drive future cash flow growth.
- Production Goals: Aris Mining aims to exceed an annual production rate of 500,000 ounces of gold through the commissioning of a second mill at Segovia and the Bulk Mining Zone expansion at Marmato, enhancing its competitiveness in the global gold mining sector.
- Sustainable Development: The Soto Norte project features high-grade, long-life economic characteristics and industry-leading environmental and social design, with environmental studies expected to be submitted in the first half of 2026 to initiate the licensing process, further advancing the company's sustainability strategy.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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