secwatch.observer — SEC 8-K summary
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Issuer:     SSR MINING INC. (SSRM)
CIK:        0000921638
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0000921638-23-000105
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SSR Mining acquires up to 40% stake in Hod Maden gold-copper project for $270M
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- Aggregate consideration $270M: $120M upfront cash for 10% interest, $150M earn-in for additional 30%.
- Project in northeastern Türkiye; average annual production ~195k oz gold equivalent (100% basis) over 13 years.
- First production expected in 2027; SSR Mining becomes operator immediately.
- Transaction accretive to NAV, reserves, production, and free cash flow per share; projected after-tax IRR >15% post acquisition costs.
- Based on 2021 Feasibility Study: AISC of $588/oz co-product, NPV5% $1.05B, 36% IRR at $1,599/oz gold and $3.19/lb copper.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921638/000092163823000105/0000921638-23-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921638/000092163823000105/ssrm-20230508.htm
  HTML page:      https://secwatch.observer/filing/0000921638-23-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer