Acquisition Makes SSR Mining the Third Largest U.S. Gold Producer

SEATTLE (Scrap Monster): The previously announced purchase of the Cripple Creek & Victor (CC&V) gold mine from Newmont Corporation has been completed, according to SSR Mining Inc. In December of last year, SSR Mining and Newmont inked a definitive agreement for the sale.

The deal was worth $100 million in cash, plus another $175 million in milestone payments down the road. SSR Mining is now the third-largest gold producer in the United States as a result of the deal.

It is anticipated that SSR Mining's cash flow and diversification plans will significantly increase with the inclusion of CC&V properties. As on March 1, 2025, SSR Mining will be responsible for CC&V's production and free cash flow. For CC&V, a thorough technical study and life of mine plan will be made public.

The Australian Securities Exchange (ASX) has formally approved SSR Mining's removal from the official list. It is anticipated that the delisting will take effect on April 8, 2025. Because of the low trade volumes and sporadic trading activity, the company has been preparing to delist its shares from ASX. The common shares will still be traded on the Toronto Stock Exchange (TSX) and the Nasdaq in the interim.

Rod Antal, executive chairman of SSR Mining, expressed his excitement at welcoming CC&V and its team to the organization.

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