{"id":1196471,"date":"2020-07-17T12:01:17","date_gmt":"2020-07-17T17:01:17","guid":{"rendered":"https:\/\/www.mining.com\/?p=1030039"},"modified":"2020-07-17T12:01:17","modified_gmt":"2020-07-17T17:01:17","slug":"ssr-alacer-merger-gets-final-approval","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1196471","title":{"rendered":"SSR-Alacer merger gets final approval"},"content":{"rendered":"

Alacer Gold (TSX: ASR) announced<\/a> on Friday that it has obtained a final order from the Supreme Court of Yukon approving the merger with SSR Mining<\/a> (TSX: SSRM).<\/p>\n

In May, Vancouver-based SSR Mining agreed to a deal to acquire<\/a> its Canadian counterpart in an all-stock, zero-premium deal valued at C$2.4 billion ($1.7 billion).<\/p>\n

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The combined company would be estimated to produce an average of 780,000 gold equivalent ounces<\/p>\n<\/blockquote>\n<\/figure>\n

Pursuant to the transaction, shareholders of Alacer will receive 0.3246 SSR Mining shares for each Alacer share held. <\/p>\n

The business combination would see Alacer\u2019s flagship \u00c7\u00f6pler mine in Turkey added to SSR\u2019s existing portfolio that includes the Marigold gold mine in Nevada, the Seabee gold operations in Saskatchewan and the Puna operations in Jujuy, Argentina.<\/p>\n

The combined company would be estimated to produce an average of 780,000 gold equivalent ounces at ~$900\/oz all in sustaining costs (AISC) over the next three years.<\/p>\n

Alacer’s stock was trading up 3% on the TSE midday Friday. The company’s market value is C$2.7 billion.<\/p>\n

SSR’s stock traded up 2.6% on the TSE midday Friday. The company’s market value is C$3.6 billion.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

The combined company would be estimated to produce an average of 780,000 gold equivalent ounces at ~$900\/oz AISC over the next three years.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1196471"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1196471"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1196471\/revisions"}],"predecessor-version":[{"id":1196472,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1196471\/revisions\/1196472"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1196471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1196471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1196471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}