SSR Mining (SSRM) has acquired Golden Arrow Resources’s remaining 25% interest in Puna Operations.

Following the completion of the deal, SSR Mining became the sole owner of Puna Operations.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

SSR Mining agreed to pay Golden Arrow Resources’s remaining interest in Puna Operations for around $34m in July.

As part of the acquisition, Golden Arrow received C$3m ($2.26m) in cash and 1.2 million common shares of SSRM, representing a value of approximately C$25.9m ($19.5m).

Approximately C$15.1m ($11.3m) in cash was used to repay the outstanding principal and accrued interest owed by Golden Arrow under the credit agreement.

Golden Arrow also received the return for cancellation, for no consideration, of 4.28 million Golden Arrow common shares owned by SSR Mining.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In July 2017, Emgold Mining signed a letter of intent (LoI) for an option agreement to acquire an 80% interest in Nevada Sunrise Gold’s Golden Arrow gold-silver property in Nevada, US.

SSR Mining is a metals producer with three operations, including the Marigold gold mine in Nevada, the Seabee Gold Operation in Saskatchewan, and the 75%-owned and operated Puna Operations joint venture (JV) in Argentina.

Last December, it commenced commercial production at the Chinchillas silver-lead-zinc mine located in the Puna region of Argentina’s Jujuy province.

Golden Arrow noted that it is actively exploring a new portfolio of advanced projects in Chile and other targets within its portfolio of over 185,000ha of properties in Argentina.