StockNews.AI
SSRM
StockNews.AI
169 days

SSR Mining Announces Closing of Cripple Creek & Victor Acquisition

1. SSR Mining completed the acquisition of Cripple Creek & Victor mine from Newmont. 2. The acquisition involves a $100 million initial payment and potential future payments.

M&A
-3.45%Current Return
VS
-2.54%S&P 500
$9.9903/03 06:48 AM EDTEvent Start
$9.64503/04 01:16 PM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bullish?

The acquisition strengthens SSR Mining's asset portfolio, enhancing growth potential. Historical acquisitions of similar nature often result in positive stock price reactions due to increased resource control.

How important is it?

The news directly impacts SSRM by altering its asset base and potential revenue, thus influencing future stock performance. The strategic acquisition reflects SSR Mining's growth strategy, which is crucial for investor sentiment.

Why Long Term?

The benefits from the acquisition will be realized over time through increased production and cash flows. Companies like SSR Mining typically see sustained performance improvements post-acquisition.

Related Companies

NEMGOLDAUY
DENVER--(BUSINESS WIRE)--SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) is pleased to announce the completion of the previously announced acquisition (the “Transaction”) of the Cripple Creek & Victor (“CC&V”) gold mine from Newmont Corporation (“Newmont”) on February 28, 2025. As consideration for the Transaction, SSR Mining made a $100 million cash payment to Newmont, with up to $175 million in additional milestone-based payments to be made in the future.

Related News