ARIS MINING CLOSES ACQUISITION OF REMAINING 49% OF SOTO NORTE
Aris Mining (NYSE-A: ARMN) completed the acquisition of the remaining 49% interest in the Soto Norte joint venture from MDC Industry Holding Company LLC (Mubadala) on Dec. 12, 2025.
Rhea-AI Summary
Aris Mining (NYSE-A: ARMN) completed the acquisition of the remaining 49% interest in the Soto Norte joint venture from MDC Industry Holding Company LLC (Mubadala) on Dec. 12, 2025.
Aris now owns 100% of the Soto Norte Project and the precious metals stream previously granted to Mubadala has been terminated. Management highlights combined ownership of Segovia, Marmato, Toroparu, and Soto Norte and says the company is targeting growth through expansions, exploration, and project development with a path to join the group of gold companies producing over one million ounces annually.
Positive
- Ownership consolidated: acquired remaining 49% to hold 100% of Soto Norte
- Stream terminated: precious metals stream to Mubadala ended
- Portfolio scale: unified ownership of Segovia, Marmato, Toroparu, and Soto Norte
- Growth strategy: company states clear path toward >1 million ounces annual production
Negative
- None.
Details
News Market Reaction – ARMN
In the Dec 12 session, ARMN gained 2.81%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Remaining stake acquired
- 49%
- Interest in Soto Norte joint venture purchased from Mubadala
- Soto Norte ownership
- 100%
- Post-transaction ownership of the Soto Norte Project
- Company formation year
- 2022
- Year Aris Mining was formed, per management commentary
- Large gold producers
- Fewer than 15
- Gold companies producing over one million ounces annually worldwide
Historical Context
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Binding term sheet to acquire remaining 49% of Soto Norte from Mubadala.
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Settlement with Colombia ending ICSID arbitration with no cash payment agreed.
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Appointment of environmental leader Brigitte Baptiste to board, supporting ESG focus.
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Record Q3 2025 revenue and EBITDA with higher production and stronger balance sheet.
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Positive PEA for 100%-owned Toroparu project with long mine life and solid economics.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
joint venture financial
precious metals stream financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Neil Woodyer, CEO of Aris Mining, commented: "With
Since our formation in 2022, we have progressed from a 'buy-and-build' strategy to focusing on building the high-quality assets we now own. Fewer than 15 gold companies worldwide produce more than one million ounces annually — and with our current asset base and growth projects, Aris Mining has a clear path to join that group1."
About Aris Mining
Founded in September 2022, Aris Mining was established with a vision to build a leading
Aris Mining operates two underground gold mines in
In
Aris Mining also owns the Soto Norte gold project, where a Prefeasibility Study has been completed on a smaller-scale development plan confirming Soto Norte as a high-grade, long-life project with strong economics and industry-leading environmental and social design features. Environmental studies are being finalized, which are scheduled to be submitted in the first half of 2026 to initiate the licensing process.
Additional information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.
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1 Includes potential production estimates from Toroparu, which is based on a preliminary economic assessment and is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There can be no assurance that the projected production will be achieved. Such production also remains subject to obtaining all necessary permits for both Soto Norte and Toroparu. |
Cautionary Language
Forward-Looking Information
This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements regarding future gold production, Aris Mining's business strategy and statements included in the "About Aris Mining" section of this news release relating to the Segovia Operations, Marmato Complex, Soto Norte Project and Toroparu Project are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release.
Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to those factors discussed in the section entitled "Risk Factors" in Aris Mining's annual information form dated March 12, 2025 which is available on SEDAR+ at www.sedarplus.ca and included as part of the Company's Annual report on Form 40-F, filed with the SEC at www.sec.gov.
Although Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.
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SOURCE Aris Mining Corporation
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