SSR Mining Sells Its San Luis Project For Total Consideration Of Up to $42.5M And a 4% NSR Royalty; Closing Of the Transaction Is Expected To Occur In Q1 2024,
Portfolio Pulse from Benzinga Newsdesk
SSR Mining has agreed to sell its San Luis Project for up to $42.5 million along with a 4% Net Smelter Return (NSR) royalty. The transaction is expected to close in Q1 2024.
November 30, 2023 | 12:12 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
SSR Mining's sale of the San Luis Project for up to $42.5M and a 4% NSR royalty could provide a cash influx and future revenue stream, expected to close in Q1 2024.
The sale of the San Luis Project is directly related to SSR Mining and is likely to have a positive impact on the company's financials due to the immediate cash consideration and the long-term benefit of the NSR royalty. The deal's closure in Q1 2024 provides a clear timeline for when these benefits will materialize. The importance is rated slightly lower as the full details and the impact of the cash influx relative to SSR Mining's overall financial position are not provided.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100