SSR Mining (Nasdaq and TSX: SSRM; ASX: SSR) on Monday said it closed its previously announced acquisition of Cripple Creek & Victor gold mine from Newmont (NYSE: NEM, TSX: NGT).
The company made a $100 million cash payment to Newmont, with up to $175 million in additional milestone-based payments to be made in the future, as part of the deal.
SSR expects to publish a technical report and life of mine plan for CC&V within the next 12 months, and anticipates reporting consolidated full-year 2025 production and cost guidance, including attributable guidance for CC&V, before the end of the first quarter.
The company also announced over the weekend that it received formal approval from the Australian Securities Exchange (ASX) to be removed from the official list of ASX entities. The company expects the delisting to occur on April 8th.
Shares of SSR closed down $0.17 or 1.2%, to $14.43 on Friday on the Toronto Stock Exchange.
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