SSR Mining Inc. announced on February 28, 2025, the completion of its acquisition of the Cripple Creek & Victor (CC&V) gold mine from Newmont Corporation. This transaction finalizes the divestiture agreement previously announced by Newmont.
As part of the consideration, SSR Mining made an initial cash payment of $100 million to Newmont. The agreement also includes provisions for up to $175 million in additional milestone-based payments to be made in the future.
Effective March 1, 2025, all production and free cash flow from the CC&V mine will be attributable to SSR Mining. For Newmont, this closing represents another step in its strategic portfolio optimization, generating cash and focusing its operations on core Tier 1 assets.
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