Ssr Mining Divests Silvercrest Equity Position FOR C$90 Million of Gross Proceeds
News Release 20-15
SSR Mining Inc. PHONE +1 604.689.3846 Suite 800 - 1055 Dunsmuir Street
www.ssrmining.com TOLL FREE +1 888.338.0046 PO Box 49088
Vancouver, BC, Canada V7X 1G4
May 14, 2020
SSR MINING DIVESTS SILVERCREST EQUITY POSITION FOR
C$90 MILLION OF GROSS PROCEEDS
VANCOUVER, B.C. – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) is
pleased to announce that it has completed an on-market transaction to divest 9,000,645 common
shares of SilverCrest Metals Inc. (TSX:SIL) (NYSE American: SILV) (“SilverCrest”) at a price of
C$10.06 per share for gross proceeds of approximately C$90 million. Following the transaction
SSR Mining does not hold any SilverCrest shares.
Paul Benson, President and CEO of SSR Mining said, “This has been a great outcome for both
companies’ shareholders. We secured a pre-tax gain of C$55 million on our investment of C$35
million over an 18-month period, while our equity investment helped fund SilverCrest’s exciting
project and strengthen their balance sheet. I would like to thank Eric Fier and his team for the
tremendous job they have done advancing the high-grade Las Chispas project to this stage.”
About SSR Mining
SSR Mining Inc. is a Canadian-based precious metals producer with three operations, including
the Marigold gold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada
and Puna Operations in Jujuy, Argentina. We also have two feasibility stage projects and a
portfolio of exploration properties in North and South America. We are committed to delivering
safe production through relentless emphasis on Operational Excellence. We are also focused on
growing production and Mineral Reserves through the exploration and acquisition of assets for
accretive growth, while maintaining financial strength.
SOURCE: SSR Mining Inc.
For further information contact:
W. John DeCooman, Jr.
Senior Vice President, Business Development and Strategy
SSR Mining Inc.
Vancouver, BC
Toll free: +1 (888) 338-0046
All others: +1 (604) 689-3846
E-Mail: [email protected]
SSR Mining Inc.
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management considers to be reasonable assumptions, beliefs, expectations and opinions based on the information
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