SSR Mining (SSRM) said Monday it completed its acquisition of the Cripple Creek & Victor gold mine from Newmont (NEM) last Friday for $100 million in cash, with additional milestone-based payments of up to $175 million to be made in the future.
As of the end of 2024, the mine hosted 2.4 million ounces of gold mineral reserves and Newmont also reported an additional 800,000 ounces of measured and indicated gold mineral resources and 900,000 ounces of inferred gold mineral resources for the mine, SSR said.
Shares of SSR fell 1.3% in recent trading, while Newmont was slightly higher.
Price: 9.86, Change: -0.13, Percent Change: -1.30
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