Northwire Canada EditionWednesday, July 29, 2026
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M&A / Property

ARIS MINING COMPLETES SALE OF JUBY GOLD PROJECT

By The Northwire Desk — AI Analysis Sep 29, 2025 · 14:37 ARIS · 13.43 Aris Mining Corporation
ARIS · Price

Executive Summary

  • Aris Mining completed the sale of its Juby Gold Project to McFarlane Lake Mining Limited for a total consideration of US $22 million.
  • The consideration includes US $13.2 million in cash and 82,023,746 common shares of McFarlane (≈19.9% of post‑financing share capital).
  • The transaction aligns with Aris Mining’s strategic focus on high‑growth gold operations in Colombia and Guyana.

Key Details

  • Total consideration: US $22 million.
  • Cash received: US $13.2 million.
  • Equity received: 82,023,746 McFarlane common shares at C$0.15 per share, representing ~19.9% of post‑financing equity on a non‑diluted basis.
  • Seller: Aris Mining Corporation (TSX: ARIS; NYSE‑A: ARMN).
  • Buyer: McFarlane Lake Mining Limited.
  • Asset sold: Juby Gold Project and related interests located in Ontario, Canada.
  • Strategic rationale: Enables Aris to concentrate resources on its Colombian and Guyanese gold assets (Segovia Operations, Marmato Complex, Soto Norte JV, Toroparu project).

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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