SSR Mining (TSX: SSRM; NASDAQ: SSRM; ASX: SSR) is promoting its non-core royalty portfolio to EMX Royalty (TSXV: EMX; NYSE-AM: EMX) for a complete of US$100 million.
The sum consists of US$33 million in money; US$33 million in EMX shares; and US$34 million in deferred compensation funds that will likely be delivered on challenge growth milestones.
As soon as the transaction closes, SSR Mining will personal about 12% of EMX.
The 18 royalties being offered embody pursuits within the Gediktepe and Yenipaza tasks in Turkey and exploration and growth stage belongings within the Americas which might be owned by firms or operators together with Nevada Gold Mines, Industrias Penoles, Endeavour Silver (TSX: EDR; NYSE: EXK), Aftermath Silver (TSXV: AAG; US-OTC: AAGFF), Argonaut Gold (TSX: AR) and AbraSilver Useful resource (TSXV: ABRA; US-OTC: ABBRF).
EMX has about 160 royalties, together with a 1% GSR royalty on parts of Nevada Gold Mines’ Leeville, Turf and different underground gold mining operations in Nevada; a 4% web smelter return royalty on the Balya property in Turkey and a 0.5% NSR royalty on the Timok challenge and the Cukaru Peki discovery in Serbia.
SSR Mining owns 4 producing mines: Copler in Turkey; Marigold in the USA, Seabee in Canada; and Puna in Argentina. As well as it has the San Luis challenge in Peru and the Pitarrilla challenge in Mexico. The corporate additionally has exploration tasks in Canada and Turkey.
In Toronto at presstime, SSR Mining’s shares had been buying and selling at $20.14 inside a 52-week buying and selling vary of $17.29 and $33.69.
EMX’s shares had been buying and selling at $3.85 inside a one-year vary of $3.37 and $4.83 per share.