SSR Mining Inc. (SSRM) Sells 20% Equity Interest in Hod Maden
SSR Mining said it signed a definitive agreement to sell its 20% stake and operatorship in the Hod Maden development project to Lidya Mines. In return, SSR Mining will receive an uncapped 4.0% net smelter return royalty on 100% of the project. Royal Gold will sell 15% for an uncapped 2.5% NSR, with a call right to buy 2.0% of SSR Mining’s NSR for $160 million, expiring 12 months after commercial production.