SSR Mining (SSRM) (SSR) is pleased to announce that it has entered into a definitive purchase agreement to acquire the Cripple Creek & Victor Gold Mine in Colorado from Newmont (NEM) in an all-cash deal for $100M in upfront consideration and up to $175M in additional milestone-based payments. CC&V is expected to add approximately 170,000 ounces in annual gold production to SSR Mining’s platform and, combined with Marigold, the company’s total U.S. gold production is expected to average between 300,000-400,000 ounces annually. The Transaction is expected to close in the first quarter of 2025, upon satisfaction of preclosing conditions and the receipt of all required regulatory approvals.
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