18:48:04 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



SSR Mining Inc
Symbol SSRM
Shares Issued 203,883,372
Close 2023-10-17 C$ 18.98
Market Cap C$ 3,869,706,401
Recent Sedar Documents

SSR Mining to sell Sunrise Lake for 4% NSR

2023-10-17 17:25 ET - News Release

Mr. F. Edward Farid reports

SSR MINING ANNOUNCES THE SALE OF ITS SUNRISE LAKE EXPLORATION PROPERTY

SSR Mining Inc. has entered into a definitive agreement to sell its Sunrise Lake property to Honey Badger Silver Inc. in exchange for a 4.0-per-cent net smelter return (NSR) royalty on the property. Under the terms of the agreement, at any time until commencement of construction activities, 2.0 per cent of the NSR royalty can be repurchased by Honey Badger for total consideration of $10-million (U.S.).

Sunrise Lake is an early-stage, greenfield exploration property located in the Northwest Territories, 130 kilometers northeast of Yellowknife. The property hosts silver, gold and base metal mineralization outlined by 21,774 metres of historical surface diamond drilling completed between discovery in 1987 and 1998. Exploration activities completed on the property to date have focused on silver-lead-zinc volcanogenic massive sulphide mineralization.

Honey Badger is a Canadian silver company based in Toronto, with significant landholdings in southeast and south-central Yukon. The company also owns the past-producing Nanisivik mine in Nunavut.

About SSR Mining Inc.

SSR Mining Inc. is a leading, free-cash-flow-focused gold company with four producing operations located in the United States, Turkiye, Canada and Argentina, combined with a global pipeline of high-quality development and exploration assets. Over the last three years, the four operating assets combined have produced on average more than 700,000 gold-equivalent ounces annually.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.