SSR Mining Announces the Acquisition of Roxmore Resources
SSR Mining announced a definitive agreement to acquire Roxmore Resources via a court-approved plan of arrangement, with Roxmore shareholders receiving C$6.75 per share in cash. The deal carries a fully-diluted equity value of approximately $464 million (enterprise value $392 million), representing a 27% premium to Roxmore's October 9 close and 47% to the 20-day VWAP, and is fully funded from SSR Mining's existing cash. The key asset is the Converse Gold Project, located 6 km from SSR's Marigold Complex in Nevada, with 2.2Moz indicated and 3.0Moz inferred gold resources and potential to add 150,000-170,000 oz of annual production from 2033 at $800-900M initial capital.
Key figures
- Deal Value Usd
- 464000000
- Break fee cad
- C$18 million
- Spinco funding usd
- 10000000
- Voting support pct
- 26.8%
- Enterprise value usd
- 392000000
- Inferred resource oz
- 3000000
- Premium to close pct
- 27%
- Indicated resource oz
- 2200000
- Initial production target
- 2033
- Premium to 20day vwap pct
- 47%
- Life of mine synergies usd
- 200000000
- Per share consideration cad
- C$6.75
- Initial capital estimate usd
- $800-$900 million
- Converse annual production oz
- 150,000-170,000 oz gold
- Us platform annual production oz
- 350,000-400,000 oz (2033-2042)
AI analysis
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