Reporting by Arundhati Sarkar in Bengaluru; Editing by Aditya Soni and Saumyadeb Chakrabarty Shares of SSR Mining were trading down about 8% in morning trade, while Alacer climbed nearly 2.5%.
SSR Mining to Announce Second Quarter 2020 Consolidated … At closing, SSR Mining and Alacer shareholders will collectively own approximately 57% and 43% of SSR Mining, …
Presentation. Vancouver-based gold producer SSR Mining announced on May 11 that it will merge with Denver-based Alacer Gold Corp in a deal worth $2.4 billion.
Revenues, earnings, operating cash flows, and cash all soared dramatically last quarter. Aug 06 2020. Jul 22 2020 .
Courtesy of SSR Mining. Alacer has focused over the past several years on free cash flow generation, and this merger allows the miner to continue this strategy while diversifying its single operating asset exposure, Antal said. As part of the deal, Alacer shareholders will receive 0.3246 SSR Mining shares for each share held, implying a value of C$8.19 per Alacer share. SSR Mining Inc. is a Canadian-based precious metals producer with three operations, including the Marigold gold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and Puna Operations in Jujuy, Argentina.
Alacer Gold Corp. is a leading intermediate gold mining company, with an 80% interest in the world-class Çöpler Gold Mine in Turkey. The business combination would see Alacer’s flagship Çöpler mine in Turkey added to SSR’s existing portfolio that includes the Marigold gold mine in Nevada, the Seabee gold operations in Saskatchewan and the Puna operations in Jujuy, Argentina.On closing, each of the Alacer issued and outstanding common shares will be exchanged for 0.3246 of an SSR Mining common share, the companies said in a joint statement. SSR Mining Publishes ESG and Sustainability Report. Jul 27 2020. (Reuters) - Canadian precious metals producer SSR Mining (Gold miners have benefited from a 12% jump in prices this year as investors seek safer assets to shield themselves from the damaging impact of the coronavirus outbreak on the global economy. Latest News.
US currency bills in the Grand Bazaar have been trading at the biggest premium relative to the official exchange rate since 2002. SSR Mining also has two feasibility stage projects and a portfolio of exploration properties in North and South America. Shareholders of SSR Mining and Alacer will own about 57% and 43% of the new company, respectively, with the new board consisting of five directors from each of the miners’ existing boards. The move also comes on the back of a record year of mergers and acquisitions in the sector, including some of of the biggest deals in a decade in 2019. SSR Mining (TSX: SSRM) and Alacer Gold (TSX: ASR) (ASX: AQG) announced Friday the receipt of shareholder approvals for the previously announced at-market merger. “The combination ... vaults us into the upper echelon in the peer group in terms of free cash flow generation,” Antal said in a conference call with analysts. The combined company will retain the SSR Mining name, but will be headquartered in Denver, with SSR’s current headquarters in Vancouver used as a corporate office. SSR Mining also has two feasibility stage projects and a portfolio of exploration properties in North and South America. The Exchange Ratio, together with closing prices for both SSR Mining and Alacer common shares on the Toronto Stock exchange on May 8, 2020, implies a consideration of C$8.19 per Alacer common share and a combined market capitalization of approximately $4.0 billion. SSR Mining has operations in Nevada, United States, Saskatchewan, Canada and Jujuy, Argentina, while Alacer is a low-cost gold producer focused on its cornerstone Çöpler Gold Mine in … SSR Mining has operations in Nevada, United States, Saskatchewan, Canada and Jujuy, Argentina, while Alacer is a low-cost gold producer focused on its cornerstone Çöpler Gold Mine in Turkey. The transaction was approved by approximately 99.9% of the votes cast by Alacer shareholders at the special meeting of shareholders that was held Friday, representing 79.9% of eligible shares voted. The “zero-premium” merger is expected to generate annual free cash flow of about $450 million and produce about 780,000 gold equivalent ounces over the next three years based on analysts’ estimates, according to the companies. News Release. Company has entered into a definitive agreement with Quebec’s Caisse de depot et placement to acquire an outstanding 15% interest in a portfolio of Canadian precious metals royalties for C$12.5 million, funded by cash on hand. At closing, SSR Mining and Alacer shareholders will collectively own approximately 57% and 43% of SSR Mining, respectively. National Bank Financial acted as financial adviser to SSR Mining, while McCarthy Tétrault LLP and Lawson Lundell LLP acted as legal counsel to the miner. SSR Mining Inc. is a Canadian-based precious metals producer with three operations, including the Marigold gold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and Puna Operations in Jujuy, Argentina.
On May 11, 2020, Alacer and SSR Mining announced an at‐market merger of equals to create a freecash flow focused, diversified gold producer.
Image by Alacer Gold. SSR MINING AND ALACER GOLD ANNOUNCE AT-MARKET MERGER OF EQUALS TO CREATE A FREE CASH FLOW FOCUSED, DIVERSIFIED GOLD PRODUCER.
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