08:41 AM EST, 11/20/2025 (MT Newswires) -- Aris Mining ( ARMN ) said Thursday it has entered into a binding term sheet to acquire the remaining 49% interest in the Soto Norte joint venture in Colombia from MDC Industry for $80 million.

The transaction price consists of $60 million in cash and about 1.7 million newly issued Aris Mining ( ARMN ) common shares, the company said.

The transaction is expected to close by early December, Aris Mining ( ARMN ) said.

Full ownership of the property will position Aris Mining ( ARMN ) to achieve a gold production capacity of 1 million ounces per year, the company said.