SSR Mining to merge with Alacer Gold in a $1.7bn deal.

SSR Mining, a Canadian-based precious metals producer, agreed to merge with Alacer Gold, a low-cost intermediate gold producer, in a $1.7bn deal. At closing, SSR Mining and Alacer shareholders will collectively own approximately 57% and 43% of SSR Mining, respectively, on an issued and outstanding share basis. "The zero-premium merger of SSR Mining and Alacer creates an exciting leading intermediate gold producer with exceptional financial strength, robust margins, strong cash flow generation, and long mine lives that will be run by highly experienced management with a track record of value creation. Consistent with our long-standing strategy of growth through a combination of organic development and M&A, the new SSR Mining will be well positioned to build on the strong foundation of both companies to continue growing and delivering value for all shareholders," Paul Benson, SSR Mining President and CEO.