(Kitco News) - On Thursday, SSR Mining (TSX: SSRM) announced that it has closed the sale of the Pitarrilla project in Durango, Mexico to Endeavour Silver (TSX: EDR) following the receipt of all required regulatory approvals and satisfaction of all closing conditions.
According to the company’s statement, as consideration for the sale, SSR Mining received US$35 million in cash, US$35 million in shares of Endeavour Silver, and a 1.25% net smelter return royalty on the Pitarrilla property.
SSR Mining is a gold mining company with four producing assets located in the USA, Türkiye, Canada, and Argentina, combined with a global pipeline of development and exploration assets. In 2021, the four operating assets produced approximately 794,000 gold-equivalent ounces.
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