Mubadala and Aris Gold announce partnership agreement for Minesa’s Soto Norte gold mine project

Mubadala and Aris Gold announce partnership agreement for Minesa’s Soto Norte gold mine project

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Abu Dhabi, UAE: Mubadala Investment Company, the Abu Dhabi based investor, announced today that it has entered into a definitive agreement with Aris Gold Corporation (Aris Gold) for the operation of the Soto Norte Gold Project in Colombia, one of the world’s largest feasibility-stage gold projects.

Through a joint venture company, Aris Gold will acquire a 20% ownership interest in Sociedad Minera de Santander SAS and Sociedad Minera Calvista Colombia (collectively, Minesa). Aris Gold has an option to acquire a further 30% ownership interest in Minesa. Minesa is the 100% owner of the Soto Norte gold project. Soto Norte has a large resource base with additional significant resource upside potential, and the project has the potential to be a large scale, low cost, underground gold mining operation.

As operator, Aris Gold CEO Neil Woodyer will be appointed CEO of Minesa and lead the preparation of the company’s operational license application. Aris Gold will use its position as an established member of the Colombian mining industry to ensure the Soto Norte project operates at the highest international sustainability standards.

Executive Director, Industrials at Mubadala and Chairman of Minesa, Danny Dweik, said: “We are delighted to bring in Aris Gold as our operating partner in