SSR to buy Roxmore for $464M, boosts value of Nevada gold mine - The Northern Miner

AI desk brief

SSR Mining agreed to buy Nevada-focused explorer Roxmore Resources for C$660.1 million in cash, gaining the Converse project 6 km from Marigold and potentially adding 150,000-170,000 oz/year of gold production over 10 years. The deal is tied to SSR’s broader Nevada hub strategy and comes as Marigold’s updated mine plan extends life to 20 years and lifts probable reserves 43% to 4.6 million oz, with life-of-mine production up 46% to 3.2 million oz.

The new Marigold plan more than triples post-tax NPV to $3.3 billion at a $3,948/oz gold assumption, while Converse carries a post-tax NPV of $2.7 billion and IRR of 42.8% at $3,600/oz gold. Scotia’s Ovais Habib called the transaction accretive and consistent with SSR’s low-capex growth strategy; SSR shares fell 7% on Tuesday, while Roxmore jumped 30% to a 52-week high.