SSR Mining to Acquire Roxmore Resources for ~$464M, Adding Converse Gold Project Adjacent to Marigold
SSRM sits 95% above its 52-week low of $18.19.
Summary
SSR Mining agreed to acquire Roxmore Resources for ~$464M in cash, gaining the Converse Gold Project adjacent to its Marigold mine in Nevada. The deal adds potential 150,000-170,000 oz/year of gold production starting in the early 2030s and is funded from existing cash.
Key Events · M&A and Partnerships · SSRM
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Acquisition of Roxmore Resources
SSR Mining will acquire all outstanding Roxmore shares for C$6.75 per share in cash, with a fully-diluted in-the-money equity value of approximately $464 million and enterprise value of $392 million.
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Converse Project Adds Production Runway
The Converse Gold Project, 6 km from Marigold, could add 150,000-170,000 ounces of annual gold production over a 10+ year mine life starting around 2033, with initial capex estimated at $800-900 million.
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SpinCo Carve-Out Structure
Roxmore shareholders receive 0.33 SpinCo shares per Roxmore share; SpinCo holds Rattlesnake Hills, Shabu River, and Newton properties, funded with US$10M, with SSR retaining 14.99% ownership.
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Deal Protections and Approvals
Transaction requires 66 2/3% securityholder approval and BC court approval; C$18M termination fee payable in certain circumstances; voting support agreements cover ~26.8% of Roxmore shares.
Analysis · SSRM · Energy & Transportation
SSR Mining is acquiring Roxmore Resources in an all-cash deal valued at approximately $464 million (fully-diluted in-the-money equity value), funded entirely from its existing $1.78 billion cash position. The prize is the Converse Gold Project, located just 6 kilometers from SSR's Marigold Complex in Nevada, which could add 150,000-170,000 ounces of annual gold production starting around 2033. The deal includes a SpinCo structure that carves out Roxmore's exploration assets, with SSR retaining a 14.99% stake. This is a thesis-relevant transaction: it extends SSR's US production runway into the 2030s, leverages its operational expertise at Marigold, and is expected to be accretive to net asset value per share. The C$18 million termination fee and 26.8% voting support suggest a well-structured deal with limited break risk.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 45.6% of the 241 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.73%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SSRM was trading at $35.50 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $18.19 to $39.44. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.