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Announced

SSR Mining to acquire a 40% stake in Hod Maden gold-copper development project from Lidya Mines for $270m.

Synopsis

SSR Mining, a Denver based gold, silver, copper, lead and zinc producer, agreed to acquire a 40% stake in Hod Maden gold-copper development project from Lidya Mines for $270m. “We have been closely monitoring Hod Maden for well over seven years as it has progressed through critical development and permitting milestones, largely de-risking the Project as it approaches a construction decision in 2024. Our due diligence team was complimentary as to the detail and quality of work completed so far on the Project. Following our review and after discussions with our joint venture partners, we believe there are several positive operational value levers as well as exploration potential beyond the existing life of mine plan that was presented in the 2021 Feasibility Study," Rod Antal, SSR Mining President and CEO.

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