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0 0 6.36577757972784E-05 -0.000821185307785354 0.00197339104971665 -0.00120949774014897 -0.0145776306575849 -0.0285823413329938
Stock impact report

ARIS MINING CLOSES ACQUISITION OF REMAINING 49% OF SOTO NORTE [Yahoo! Finance]

Aris Mining Corporation Common Shares (ARMN) 
Company Research Source: Yahoo! Finance
previously announced acquisition of the remaining 49% interest in the Soto Norte joint venture in Colombia from MDC Industry Holding Company LLC (Mubadala). Aris Mining now owns 100% of the Soto Norte Project, and the associated precious metals stream previously granted to Mubadala has been terminated. Neil Woodyer, CEO of Aris Mining, commented: "With 100% ownership of Segovia, Marmato, Toroparu, and now Soto Norte, Aris Mining is focused on building a large, diversified gold business across Colombia and Guyana. Our strategy combines strong cash flow generation from our operating mines with growth from expansions, exploration, and project development. 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 group Abou Show less Read more
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