Gold and Silver

SSR Mining sells royalty portfolio for $100m

SSR Mining sells royalty portfolio for $100m
Mining News Pro - Intermediate gold miner SSR Mining will sell a portfolio of royalty interests and deferred payments to EMX Royalty for $100-million.

The consideration includes $33-million in cash, $33-million in EMX shares, and $34-million in deferred compensation payments to be delivered upon achievement of project development milestones.

The transaction will close in the fourth quarter, upon which SSR will hold a 12% equity ownership interest in EMX.

SSR’s royalty portfolio consists of 18 royalty interests and various deferred consideration interests. These include royalty interests in the Gediktepe and Yenipazar projects in Turkey, as well as interests in a number of exploration and development stage projects across the Americas owned by various operators, including Nevada Gold Mines, Industrias Peñoles, Endeavour Silver, Aftermath Silver, Argonaut Gold and AbraSilver Resource.

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