Aris Gold, a Canadian mining company listed on the TSX, and Mubadala, an Emirati state-owned holding company, agreed to form a joint venture to operate the Soto Norte gold project in Colombia, in a $100m deal. "Aris Gold will build a successful operation using state-of-the-art technology that will provide long-lasting benefits to the local communities and significant social development opportunities for the region. Soto Norte dramatically increases our growth profile with its potential to produce over 450k ounces of gold per year. Construction of Soto Norte is expected to follow the expansion of our 100%-owned Marmato gold mine," Neil Woodyer, Aris Gold CEO.