Holland & Hart represented SSR Mining Inc., an intermediate gold company with assets within several of the world’s most prolific precious metal districts, in its definitive purchase agreement to acquire the Cripple Creek & Victor Gold Mine (CC&V) in Colorado from Newmont Corporation (Newmont). The transaction is an all-cash deal for $100 million in upfront consideration and up to $175 million in additional milestone-based payments, and is expected to close in the first quarter of 2025.
This strategic transaction:
- Increases SSR Mining’s scale, free cash flow, and portfolio diversification, creating the third largest US gold producer
- Accretive across all key metrics, with staged milestone-based consideration preserving balance sheet strength
- CC&V is expected to provide meaningful operating and free cash flow generation to support high-return growth initiatives across the portfolio
- Adds a long-lived, established operation with meaningful brownfield upside to the SSR Mining platform
- Leverages SSR Mining’s proven track record of creating significant value for shareholders through the acquisition and optimization of producing assets
For more information, please see SSR Mining’s press release.
The Holland & Hart mining transactional team was led by mergers and acquisitions attorneys Claire Rosston and Stuart Knight, with subject matter expertise assistance from Aisha May, Angela Franklin, Andi Grave, Erica Nannini, Amber Rudnick, Lynn Kornfeld, Ann Prouty, Ashley Peck, Natalie Cristo, Kayleigh Verboncoeur, Bill Caile, Mark Wiletsky, Annie Stuller, Ben Gibbons, Robert Ayers, Stacey Hayes, Lindsay Silber, Evan Mahon, Sabrina Danielson, Arthur Hundhausen, Cory Talbot, Dave Glynn, Trent Timmons, and Conrad Kranz.
Holland & Hart’s collaborative, business savvy dealmakers bring extensive experience advising clients on mergers and acquisitions strategy and negotiate tailored agreements for transactions at all stages of development, from start-ups to large public companies, in a diverse range of industries, including decades working with mining companies.