Aris Gold completed the acquisition of a 20% stake of Soto Norte Gold from Mubadala for $135m.

Aris Gold, a mining company, completed the acquisition of a 20% stake of Soto Norte Gold, a feasibility-stage project with high-grade mineral reserves, from Mubadala, an investment company, for $135m. "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.