# SSR Mining to Acquire Roxmore Resources in $464 Million Gold Deal

- URL: https://stocks.freetheai.org/news/ssr-mining-to-acquire-roxmore-resources-in-464-million-gold-deal-7e5b00
- Published: 2026-10-13T11:55:09Z
- Category: mergers; sentiment: bullish; impact: high
- Symbols: [NASDAQ:SSRM](https://stocks.freetheai.org/symbols/NASDAQ-SSRM), [OTC:GARLF](https://stocks.freetheai.org/symbols/OTC-GARLF)
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SSR Mining Inc. (NASDAQ:SSRM) has agreed to acquire Roxmore Resources Inc. (OTC:GARLF) in a transaction valued at approximately $464 million. Under the agreement, Roxmore shareholders will receive C$6.75 per share in cash, alongside a stake in a new exploration spinoff valued at roughly C$0.50 per share.

The acquisition expands SSR Mining's Nevada operations by adding Roxmore's Converse gold project, located six kilometers from its Marigold complex. Converse holds an estimated 2.2 million ounces of indicated gold and 3.0 million ounces of inferred gold. SSR Mining expects Converse to add 150,000 to 170,000 ounces of annual gold output over a mine life of more than 10 years, generating over $200 million in life-of-mine synergies compared to standalone development.

Looking ahead, the transaction is expected to push SSR Mining's U.S. platform past 450,000 ounces per year at peak production, while averaging 350,000 to 400,000 ounces annually between 2033 and 2042. Meanwhile, former Roxmore shareholders will hold an 85.01% stake in a spun-off exploration company that will retain three other mining properties funded with $10 million in cash.

## Key points

- SSR Mining will acquire Roxmore Resources for C$6.75 per share in cash plus spinoff shares, valuing the deal at roughly $464 million.
- The acquisition adds the Converse gold project in Nevada, which holds 2.2 million ounces of indicated gold and 3.0 million ounces of inferred gold.
- SSR Mining expects Converse to produce 150,000 to 170,000 ounces of gold annually over a mine life exceeding 10 years, creating over $200 million in synergies.
- Roxmore shareholders will hold 85.01% of a spun-off exploration entity holding three properties and $10 million in cash.

## Questions and answers

### How much is SSR Mining paying for Roxmore Resources?

SSR Mining is acquiring Roxmore Resources in a deal valued at approximately $464 million. Roxmore shareholders receive C$6.75 per share in cash plus shares in an exploration spinoff valued at about C$0.50 per share.

### What assets does SSR Mining gain in the Roxmore acquisition?

SSR Mining acquires the Converse gold project in Nevada, located 6 km from its Marigold complex. Converse contains 2.2 million ounces of indicated gold and 3.0 million ounces of inferred gold resources.

### What happens to Roxmore's other exploration properties?

Roxmore's Rattlesnake Hills, Shabu River, and Newton properties will be spun off into a new exploration company funded with $10 million in cash. Former Roxmore shareholders will own 85.01% of the spinoff, while SSR Mining will hold 14.99%.