SSR Mining (ASX: SSR) has completed the acquisition of the Cripple Creek & Victor (CC&V) gold mine in Colorado from US-based gold company Newmont, according to a Tuesday filing with the Australian bourse.
The deal, finalized on Feb. 28, involved an upfront cash payment of $100 million, with up to $175 million in future milestone-based payments, the filing said.
SSR Mining plans to release a technical report and life-of-mine plan for CC&V within the next 12 months, while production and free cash flow from the mine will be attributable to SSR Mining from March. 1, the filing added.
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