M&A
confidence high
sentiment positive
materiality 0.85
SSR Mining acquires Cripple Creek & Victor Gold Mine from Newmont for up to $275M
SSR MINING INC.
- Upfront cash payment of $100M at close; up to $175M in milestone-based payments tied to Amendment 14 and Carlton Tunnel relief.
- Expected to add ~170,000 oz annual gold production, making SSR Mining the third-largest U.S. gold producer.
- Transaction expected to close in Q1 2025, subject to HSR and other customary conditions.
- Acquisition is expected to be accretive to NAV, production, cash flow, and free cash flow per share.
- SSR Mining to use existing liquidity (>$800M) to fund the deal; pro forma liquidity >$700M post-close.