SSR Mining to buy Roxmore Resources for C$6.75 a share in cash, with SpinCo shares to Roxmore holders
SSRM•SSR Mining agreed to buy Roxmore Resources for C$6.75 per share in cash, valuing the deal at about $464 million on an in-the-money equity basis. Roxmore holders will also receive shares in a new exploration SpinCo.
1. Deal terms
SSR Mining will fund the cash payment from its balance sheet. Roxmore holders will own 85.01% of the new exploration SpinCo, while SSR Mining will own 14.99%; the SpinCo will be funded with US$10 million. The deal centers on Roxmore’s Converse Gold Project, 6 km from SSR Mining’s Marigold Complex in Nevada, and estimated synergies exceed $200 million. Closing is targeted for the fourth quarter of 2026, and Roxmore may owe an C$18 million break fee in certain termination scenarios.
