SSR Mining to acquire Roxmore Resources in $464m all-cash deal

SSR Mining agreed to acquire Roxmore Resources for C$6.75 per share, adding the Converse Gold Project. Gold prices fell 0.68% weekly, while silver dropped 6.43%. Regis Resources' McPhillamys project faces regulatory hurdles. Aya Gold & Silver reported strong Q3 silver production. Mineros increased its full-year production guidance. Buenaventura and Evolution Mining reported production shortfalls. Goldman Sachs highlights gold's role as a hedge.

SSR Mining agreed to acquire Roxmore Resources, owner of the Converse gold project in Nevada, for C$712 million, including a 27% premium. The deal values Converse at US$75-96 per ounce, lower than recent comparable takeovers. SSR expects synergies from shared infrastructure and management. The acquisition is subject to regulatory approvals and is expected to close in Q4 2026.

SSR Mining plans to acquire Roxmore Resources for US$392M, valuing the Nevada gold project at US$75/oz. The deal includes cash and a spin-out for Roxmore shareholders. SSR aims to leverage synergies with its nearby Marigold mine, targeting production by 2033. Analysts debate the price, citing risks like execution and capital requirements.

SSR Mining (TSX:SSRM) agreed to acquire Roxmore Resources (TSX:RM) for C$6.75 per share in cash plus shares in a new exploration company, valuing the deal at roughly US$464 million. The acquisition includes Roxmore's Converse gold project in Nevada, which holds 5.2 million ounces of gold. SSR expects the project to contribute 150,000 to 170,000 ounces of gold annually over a 10-year mine life. The deal is subject to shareholder and court approval and is expected to close in Q4 2026.

SSR Mining (SSRM) will acquire Roxmore Resources (RM) for $464M, adding the Converse gold project near its Marigold mine. The deal is expected to boost SSR's U.S. production profile and is seen as accretive to net asset value. SSRM shares fell 7% despite the news, while Roxmore's shares surged 30%. SSR also updated its Marigold mine plan, extending its life to 20 years and increasing probable gold reserves by 43%.

Roxmore Resources Inc. (TSX: RM) (OTCQX: GARLF) shares surged 30.52% to $6.95 on news of its acquisition by SSR Mining Inc. The deal values Roxmore at approximately $712 million, including $663 million in cash and shares in a newly created exploration company. Roxmore shareholders will receive $6.75 per share plus shares in the spin-off company, representing a 58% premium over the 20-day average price.