Alacer Gold to merge with SSR Mining in a deal worth C$2.4B.
"The combination of Alacer and SSR Mining will create a diversified portfolio of high quality, long-life mines across four mining-friendly jurisdictions. Our focus at Alacer over the past several years has been on generating peer-leading free cash flow – this merger allows us to continue this strategy while diversifying our single operating asset exposure. In addition, the increased financial strength of the combined business will allow us to leverage the proven project execution capabilities of the combined management team to continue delivering on the extensive organic growth portfolio and compete for attractive assets as they arise."
Rodney P. Antal, President and CEO of Alacer
The merger of SSR Mining and Alacer creates a strong balance sheet of $700 million in cash and securities to support growth and facilitate capital returns.