1. Aris Mining now owns 100% of Soto Norte after acquisition completion. 2. CEO emphasizes a diversified gold business strategy in Colombia and Guyana. 3. Targeting over 500,000 ounces of gold production annually by 2025. 4. Prefeasibility studies completed for Soto Norte and Toroparu projects. 5. Environmental studies for Soto Norte due in early 2026.
FAQ
Why Bullish?
Acquisition strengthens ARMN's position and future production capabilities, likely boosting investor confidence.
How important is it?
Major acquisition and production plans signal strong growth potential for ARMN.
Why Long Term?
Completion of projects and scaled production expected over the next few years will influence valuation.
Aris Mining Completes Acquisition of Soto Norte Joint Venture
Toronto, Canada - Aris Mining Corporation (NYSE-A: ARMN), a leading gold mining company, has successfully concluded its acquisition of the remaining 49% interest in the Soto Norte joint venture from MDC Industry Holding Company LLC (Mubadala). With this transaction, Aris Mining now holds 100% ownership of the Soto Norte Project, enhancing its strategic position in Colombia's gold mining sector.
Strategic Expansion in Gold Mining
Neil Woodyer, CEO of Aris Mining, stated, “With 100% ownership of Segovia, Marmato, Toroparu, and now Soto Norte, our focus is on building a large, diversified gold business across Colombia and Guyana.” This acquisition is part of a broader strategy aimed at combining cash flow generation from its established operations while also pursuing growth through expansions, exploration, and new project developments.
Operational Highlights
Since its inception in 2022, Aris Mining has transitioned from a 'buy-and-build' model to concentrating on the optimization and development of its high-quality mining assets. The company aims to become one of the fewer than 15 gold companies globally capable of producing over one million ounces annually. As of 2024, Aris Mining reported a production of 210,955 ounces of gold from its Segovia and Marmato operations.
- Targeted Production Growth: Aris Mining aims to exceed 500,000 ounces annually, driven by ongoing expansions.
- New Mill Commissioning: A second mill at Segovia has been completed, expected to ramp up in the second half of 2025.
- Marmato Expansion: The Bulk Mining Zone is under construction, with first gold production anticipated in late 2026.
Future Projects and Studies
In addition to Soto Norte, Aris Mining is progressing with the Toroparu gold project in Guyana, where a new Preliminary Economic Assessment has been finalized. A Prefeasibility Study is currently in progress, positioning Toroparu for future construction after its completion.
At the Soto Norte Project, a Prefeasibility Study on a tailored development plan has affirmed its status as a high-grade, long-life project with robust economics. Environmental studies are being finalized, with submissions anticipated in the first half of 2026 to commence the licensing process.
About Aris Mining Corporation
Founded in September 2022, Aris Mining’s vision is to establish itself as a premier gold mining company focused on South America. The company emphasizes a blend of current production, cash flow generation, and expansive growth opportunities through asset development. Listed on both the TSX (ARIS) and NYSE-A (ARMN), Aris Mining is backed by a competent management team with a solid track record in value creation, operational efficiency, fiscal discipline, and corporate governance.