SSR Mining to acquire Roxmore Resources, creating a spin‑off for non‑Converse assets
+1 new source since this summary was written
SSR Mining has signed a definitive agreement to purchase all outstanding shares of Roxmore Resources. Roxmore shareholders will receive $6.75 in cash per share and 0.33 shares of a newly created exploration company that will hold Roxmore’s non‑Converse assets. The transaction is expected to close in December 2026, subject to shareholder and court approvals. The deal adds Roxmore’s Converse Gold Project to SSR’s Nevada portfolio and creates a spin‑off for the remaining exploration portfolio.
Why it matters
SSR says the acquisition will add 150,000‑170,000 ounces of gold production per year from 2033 and generate over $200 million of life‑of‑mine synergies, expanding its U.S. output to 350,000‑400,000 ounces annually.
Key facts
- 1The cash component of the consideration is approximately $663 million. finanznachrichten.de
- 2Roxmore shareholders will receive $6.75 in cash per share. finanznachrichten.de
- 3Shareholders will also receive 0.33 of a common share of Roxmore Spinco per Roxmore share, valued at about $0.50 each. finanznachrichten.de
- 4Total consideration, including cash and Spinco shares, is about $712 million on a fully diluted basis. finanznachrichten.de
- 5The cash consideration represents a 58% premium to the 20‑day VWAP. finanznachrichten.de
- 6Closing is expected in December 2026, subject to shareholder and court approvals. stocktitan.net
Open questions
- Deal value is reported as $712 million total versus $464 million cash in other reports.
- Premium to market price is described as 27% in some sources versus 58% in others.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.