SSR Mining to acquire the Cripple Creek & Victor Gold Mine from Newmont for $275m.

SSR Mining, a gold, silver, copper, lead and zinc producer, agreed to acquire the Cripple Creek & Victor Gold Mine from Newmont, a gold mining company, for $275m. “The acquisition of the Cripple Creek & Victor Gold Mine represents a rare opportunity to add a high-quality producing asset in a Tier-1 jurisdiction at an accretive valuation. CC&V is a proven operation with excellent potential for upside, and expands our U.S. based platform to an expected 300k – 400k ounces of average annual gold production, positioning SSR Mining as the third largest gold producer in the United States. This acquisition ensures our portfolio of both producing and development assets is well balanced and provides our company with a diversified and long-lived free cash flow focused platform comprised of six key assets," Rod Antal, SSR Mining Executive Chairman.