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Canada · Economy

SSR Mining to Acquire Roxmore Resources in ~C$712M Deal

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SSR Mining will buy Vancouver-based Roxmore Resources for C$6.75 per share in cash plus spinout shares, gaining the Converse gold project in Nevada.

Why it matters

The deal adds a multi-million-ounce gold project just 6 km west of SSR's Marigold complex in Nevada: the Converse project is expected to produce 150,000–170,000 ounces of gold a year for more than a decade, cementing SSR as the third-largest gold producer in the United States.

Deal terms

Total consideration is about C$7.25 per share (C$6.75 cash plus 0.33 spinout share), a 58% premium to the 20-day VWAP. Roxmore's board unanimously approved the transaction; completion is expected in December, pending shareholder and court approvals. SSR will pay from existing cash, with no material capital expenditure expected until the early 2030s.

Sources

Roxmore Resources and SSR Mining official press releases (Oct 13, 2026); mining.com.au.

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