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As announced last month, Aris Mining has completed the prefeasibility study (PFS) for the 51%-owned Soto Norte Project in Santander, Colombia.
The PFS confirms Soto Norte as a high-quality project with robust economics, low operating costs, and industry-leading environmental and social design features.
- Balanced development strategy: 3,500 tpd processing capacity, including 750 tpd dedicated to local community miners, providing a safe, regulated alternative that ensures proper tailings and water management.
- Long-life operation: 22+ year mine life with average annual gold production of 263 koz (years 2 to 10) and 203 koz (years 1 to 21) and an all-in-sustaining costs (AISC) of $534/oz Au over the Life-of-Mine.
- Strong economics: At $2,600/oz base case gold price and initial construction capital of $625 million, the project delivers a $2.7B NPV5%, 35% IRR, and 2.3-year payback.
- Responsible development: designed to protect local watercourses including a recycling system allowing for 96.5% water reuse, no cyanide or mercury, a dry filtered tailings facility designed following international best practices, and a community engagement model that promotes regional development.
With the PFS complete, we are completing environmental studies and preparing to apply for an environmental license in early 2026.
To learn more, visit: lnkd.in |
