SSR Mining to Acquire Roxmore Resources; Releases Technical Report Summary for the Marigold Gold Complex

11:32 AM EDT, 10/13/2026 (MT Newswires) -- SSR Mining (SSRM.TO, SSRM) on Tuesday said it agreed to acquire Roxmore Resources (RM.TO) for $464 million to add the Converse gold project in Nevada. Roxmore shareholders will receive CA$6.75 per Roxmore share in cash consideration as well as shares of a newly created gold exploration company that will hold interests in Roxmore's Rattlesnake Hills Project, Shabu River Project, and Newton Property, said the companies. The newly created company, which will be funded with $10 million in cash, will be owned 85.01% by former Roxmore shareholders and 14.99% by SSR Mining. The cash component of the consideration, excluding the value of the newly created company, is a 27% premium to Roxmore's closing price on the Toronto Stock Exchange as of Oct. 9, said SSR. SSR will fund the cash component of the consideration from its current balance sheet, it added. "The acquisition of Roxmore and its Converse Gold Project represents a compelling opportunity to add a high-quality multi-million ounce gold resource next door to our Marigold mine at an attractive valuation," said SSR Mining Executive Chairman Rod Antal. The transaction is subject to the satisfaction of certain closing conditions and is expected to be completed in the fourth quarter of 2026, said SSR. "Building on the multi-decade mine life we have now defined for Marigold, Converse has the potential to add 150,000 to 170,000 ounces of average annual gold production to our US operations," added Antal. SSR also announced Tuesday results of a Technical Report Summary for the Marigold Gold Complex in Nevada. According to the Technical Report Summary, the company expects average annual gold production of 231,000 ounces over the five-year period from 2027 to 2031, 201,000 ounces through 2040, and 169,000 ounces over the life of mine, said SSR. Among highlights of the Technical Report Summary, the company also outlined after-tax NPV 5% of $3.3 billion at consensus gold prices averaging $3,948 per ounce over the 20-year life of mine. "This new mine plan increases Mineral Reserves by 43% as compared to year-end 2025 while Indicated and Inferred Resources remain essentially unchanged, demonstrating our track record of exploration and resource development success while highlighting further potential for additional mine life extension in the future," Antal said. SSR Mining shares were last seen down CA$3.72, or 7.3%, to CA$46.92, while Roxmore shares were last seen up CA$1.63 or 30.6% to CA$6.95 on the Toronto Stock Exchange. Price: 47.03, Change: -3.61, Percent Change: -7.13