SSR Mining Announces the Acquisition of Roxmore Resources - Yahoo Finance Singapore

AI desk brief

SSR Mining agreed to acquire Roxmore Resources for C$6.75/share in cash plus SpinCo interests, valuing the deal at about $464 million equity and $392 million enterprise value excluding SpinCo. The key asset is the Converse Gold Project, 6 km from Marigold in Nevada, which SSR says could add 150,000-170,000 oz/yr over a 10+ year mine life, with initial production targeted for 2033 and no material capex expected until the early 2030s.

SSR estimates more than $200 million of life-of-mine synergies versus a standalone development, driven by the adjacent footprint and shared US platform. The company says the combined US portfolio could produce 350,000-400,000 oz/yr in the 2030s, reinforcing its position as the third-largest gold producer in the US.