SSR Mining to buy Marigold’s neighboring project - Elko Daily Free Press

AI desk brief

SSR Mining agreed to acquire Roxmore Resources and its Converse Gold Project west of Marigold in Nevada for an equity value of $464 million, a deal that expands the Marigold complex with nearby, potentially high-margin ounces. SSR said Converse could add 15,000-20,000 oz/yr to Marigold production and that the acquisition is fully funded from cash, with closing targeted in 4Q.\n\nThe technical report says Converse includes 336 unpatented mining claims and seven fee parcels over 16.1 sq miles, with estimated average all-in sustaining costs of $2,003/oz for the combined project and a plan to use open-pit, conventional truck-and-shovel mining. SSR also flagged possible life-of-mine synergies above $200 million versus a stand-alone development, while Marigold itself is expected to produce just over 400,000 oz in 2026.