SSR Mining has announced a definitive agreement to acquire the Cripple Creek & Victor Gold Mine (CC&V) in Colorado, US, from Newmont Corporation. The deal, valued at $100m in upfront consideration with the potential for up to $175m in additional payments, is set to close in the first quarter of 2025.

SSR Mining (SSRM) said Friday it agreed to acquire the Cripple Creek and Victor gold mine in Colorado from Newmont (NYSE:NEM) for $100M in upfront consideration and up to $175M in additional milestone-based payments.

Denver-based SSR Mining has announced a $275-million acquisition of the Cripple Creek & Victor (CC&V) gold mine in Colorado from Newmont, marking a significant expansion of SSR’s gold production capacity in the US.

Newmont (TSX:NGT,NYSE:NEM) announced the sale of its Cripple Creek & Victor mine in Colorado, US, to SSR Mining (TSX:SSRM,NASDAQ:SSRM) for up to US$275 million, continuing its ongoing restructuring efforts.

The world’s largest gold-mining company, Denver-area Newmont Corp., has sold its Cripple Creek & Victor Gold Mine in Teller County for up to $275 million to another Denver-headquartered company, SSR