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.

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

SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) ("SSR Mining" or the "Company") is pleased to announce that it has entered into a definitive purchase agreement to acquire the Cripple Creek & Victor Gold Mine ("CC&V") in Colorado from Newmont Corporation ("Newmont") in an all-cash deal for $100 million in upfront consideration and up to $175 million in additional milestone-based payments (the "Transaction").

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.

SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) announced on Friday the acquisition of the Cripple Creek & Victor Gold mine (CC&V) in Colorado from Newmont (NYSE: NEM, TSX: NGT). With this acquisition, SSR is expected to become the third-largest gold miner in the United States.

SSRM has announced that it has signed a definitive purchase agreement with Newmont Corporation NEM to acquire the Cripple Creek & Victor Gold Mine (CC&V) in Colorado. This deal will add a high-quality producing asset in a Tier-1 jurisdiction to SSR Mining’s portfolio.