SSRM Closes Cripple Creek & Victor Gold Mine Buyout Deal With Newmont
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SSR Mining has completed the acquisition of the Cripple Creek & Victor Gold Mine from Newmont, making it the third-largest gold producer in the United States.
March 04, 2025 | 7:00 pm
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NEUTRAL IMPACT
Newmont has completed the sale of the Cripple Creek & Victor Gold Mine to SSR Mining.
The sale of the Cripple Creek & Victor Gold Mine is a strategic move for Newmont, but its immediate impact on the stock price is neutral as it aligns with previously announced plans.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SSR Mining has successfully acquired the Cripple Creek & Victor Gold Mine, enhancing its position as a major gold producer in the US.
The acquisition of a significant asset like the Cripple Creek & Victor Gold Mine is likely to positively impact SSR Mining's production capacity and market position, leading to a potential increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100