Business · Companies · 1 hr ago
SSR Mining to acquire Roxmore Resources in $712-million deal
SSR Mining agreed to buy Roxmore Resources in a deal valued at $712 million.
The deal includes Roxmore’s Converse gold project in Nevada, which is six kilometres west of SSR Mining’s Marigold mine.
SSR Mining says Converse would add a large gold resource beside its existing operation.
Roxmore shareholders will receive $6.75 in cash and 0.33 share in a new company for each share they own.
That new company will hold Roxmore’s Rattlesnake Hills and Shabu River projects and its Newton property.
It will receive US$10 million in cash and be led by Roxmore’s current management.
Former Roxmore shareholders will own 85.01 per cent of the new company, with SSR Mining owning the rest.
SSR Mining has signed a deal to acquire Roxmore Resources and its Converse gold project in Nevada for a total of $712-million.
Converse is six kilometres west of SSR Mining’s Marigold complex.
Roxmore shareholders will receive $6.75 in cash and 0.33 of a share in a new gold exploration company for each share they hold.
The new company will hold Roxmore’s Rattlesnake Hills project, Shabu River project and Newton property.
It will receive US$10-million in cash and be owned 85.01 per cent by former Roxmore shareholders and 14.99 per cent by SSR Mining.
- Who
- SSR Mining and Roxmore Resources.
- What
- SSR Mining has signed a $712-million deal to acquire Roxmore Resources and its Converse gold project.
- When
- The deal was announced on October 13, 2026.
- Where
- The Converse gold project is in Nevada, six kilometres west of SSR Mining’s Marigold complex.
- Why
- SSR Mining executive chair Rod Antal said it was an opportunity to add a high-quality multimillion-ounce gold resource next to Marigold at an attractive valuation.
This story does not have two clearly opposing sides.
Roxmore shares closed at $5.32 on the Toronto Stock Exchange.
SSR Mining announced it had signed a deal to acquire Roxmore Resources.
- Deal value
- $712-million
- Cash per Roxmore share
- $6.75
- New-company shares per Roxmore share
- 0.33
- Converse’s distance from Marigold
- Six kilometres west
- New-company funding
- US$10-million
What people are saying
the deal represents a compelling opportunity to add a high-quality multimillion-ounce gold resource next door to its Marigold mine at an attractive valuation
Sources
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