SSR Mining (TSE:SSRM) has released an update.
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SSR Mining Inc. has successfully finalized the sale of its San Luis project in Central Peru to Highlander Silver Corp., with SSR Mining receiving an upfront payment of $5 million and the potential for an additional $37.5 million in future contingent payments. The deal also grants SSR Mining a 4% net smelter return royalty on the project, half of which can be repurchased by Highlander Silver for $15 million before the construction starts.
For further insights into TSE:SSRM stock, check out TipRanks’ Stock Analysis page.