SSR Mining has agreed to acquire Roxmore Resources for US$464 million in cash, securing the Converse Gold Project just six kilometres from its Marigold mine in Nevada. So why did SSR’s shares fall more than 7% following the announcement?
In this video, we break down the acquisition, what Roxmore shareholders receive, and how Converse fits into SSR’s long-term production plans. We compare SSR’s proposed development approach with Roxmore’s preliminary economic assessment, examine Marigold’s updated mine plan, and look at how the purchase price stacks up against other gold developers.
Did SSR secure a bargain, or are investors right to question the timing? We explore the trade-off between near-term spending and gold production that isn’t expected until 2033.
Information for this briefing was found via the sources and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
