
SSR Mining completes CC&V gold mine acquisition from Newmont for $100m

SSR Mining Expands U.S. Gold Production with Strategic Acquisition of CC&V Gold Mine
SSR Mining has officially completed its $100 million acquisition of the Cripple Creek & Victor (CC&V) gold mine in Colorado, further strengthening its position as a leading U.S. gold producer. Announced in December 2024, the deal also includes up to $175 million in milestone payments, underscoring SSR Mining’s commitment to long-term growth and asset expansion.
Deal Solidifies SSR Mining’s Position Among Top U.S. Gold Producers
With the addition of CC&V, SSR Mining is now the third-largest gold producer in the United States. The acquisition brings significant proven reserves and exploration upside, enhancing both production capacity and portfolio diversification.
SSR Mining Executive Chairman Rod Antal highlighted the strategic importance of the deal, stating:
“We are thrilled to welcome CC&V and its team to SSR Mining. This transaction adds another long-lived, free cash flow generative asset to the portfolio, and we look forward to showcasing our longer-term plans for the operation.”
Substantial Gold Reserve Growth at CC&V
As of December 31, 2024, CC&V reported 2.4 million ounces of proven and probable gold reserves, representing an 85% increase from the 1.3 million ounces recorded the previous year. Additional resource data released by Newmont includes:
- 800,000 ounces of measured and indicated resources.
- 900,000 ounces of inferred resources.
SSR Mining plans to publish a detailed technical report and a life-of-mine plan for CC&V within the next 12 months.
SSR Mining to Voluntarily Delist from ASX
In a parallel development, SSR Mining has received approval to voluntarily delist from the Australian Securities Exchange (ASX) under ASX Listing Rule 17.11. The company cited low trading volumes and limited investor interest on the ASX compared to its primary listings on the Nasdaq and Toronto Stock Exchange (TSX).
Key dates for the ASX delisting include:
- April 4, 2025 – Final trading day for CHESS depositary interests.
- April 8, 2025 – Official delisting date.
SSR Mining’s common shares will continue trading actively on Nasdaq and the TSX, where the majority of its investor base resides.
Strategic Expansion and Future Growth Outlook
The CC&V acquisition aligns with SSR Mining’s broader strategy to expand operations in politically stable mining jurisdictions while enhancing both cash flow generation and resource flexibility. With strong reserve growth and a consistent production track record, analysts expect the CC&V deal to:
- Strengthen SSR Mining’s financial position.
- Enhance long-term development options.
- Reinforce SSR’s commitment to building a diverse, cash-generating portfolio.