SSR Mining to Acquire Major Gold Mine from Newmont

SSR Mining (TSE:SSRM) has released an update.

SSR Mining Inc. is set to expand its portfolio by acquiring the Cripple Creek & Victor Gold Mine from Newmont in a $100 million all-cash deal, potentially growing to $175 million with milestone payments. This strategic move is expected to boost SSR Mining’s scale, enhance free cash flow, and create one of the largest gold producers in the U.S., with anticipated significant additions to annual gold production. The acquisition leverages SSR Mining’s existing financial resources and aligns with its long-term goal of sustaining high-return and diversified assets.

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