Aris Mining takes full ownership of Solo Norte mine in Colombia

Mubadala Investment Company is a state-owned global investment firm that acts as one of the sovereign wealth funds of the government of Abu Dhabi.

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”.

Aris Mining operates two underground gold mines in Colombia: the Segovia Operations and the Marmato Complex, which together produced 210,955 ounces of gold in 2024.

The value of the deal was not disclosed.

Colombian law firm Posse Herrera Ruiz advised Mubadala on the deal, with a team led by Jaime Herrera, Carolina Posada and Erika Serrano, with Diana Salazar, Santiago Osorio, Laura Torrado, Nicolás Giraldo and Verónica Ramírez.

Mubadala was also advised by law firm McCarthy Tetrault, with a team led by Shawn Doyle and Peter Quon, with Sarah Xu. The company was advised in Spain by Clifford Chance, and whose team was led by Samir Azzouzi and Xabier Olabarri, with Juan Puras, Daniel García and Irene Hernández.

Mubadala’s in-house law team was led by Mohamed Mirza, Oliver Jarvis Bicknell and Dana Abbas.