SSR Mining (ASX: SSR) has completed the acquisition of the Cripple Creek & Victor (CC&V) gold mine in Colorado from US-based gold company Newmont, according to a Tuesday filing with the Australian bourse.
The deal, finalized on Feb. 28, involved an upfront cash payment of $100 million, with up to $175 million in future milestone-based payments, the filing said.
SSR Mining plans to release a technical report and life-of-mine plan for CC&V within the next 12 months, while production and free cash flow from the mine will be attributable to SSR Mining from March. 1, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.