Published: November 12, 2025 |

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SSR Mining revealed the results of a technical report at its recently acquired Cripple Creek & Victor Gold Mine this week. It determined that the operation would have 12-years of production life remaining and an after-tax net present value of $824 million with a 5 percent discount rate.

SSR bought the asset from Newmont Corporation for a total consideration of up to $275 million. Since that time, the site has already yielded $115 million in after-tax cash flow generated as a result of the current pricing environment. It has produced more than 85,000 ounces thus far in 2025.

Newmont ran the site for ten years after acquiring it from AngloGold Ashanti in 2015. AngloGold produced approximately 250,000 ounces per annum for two decades before handing it off to Newmont. It has been and still is the only major operational gold producing asset in the state.

“The transformational acquisition of CC&V established SSR Mining as the third largest gold producer in the United States, with two core operations each with mine lives in excess of ten years. Following a very successful integration process, CC&V has already paid back the initial $100 million upfront acquisition price in mine-site after-tax free cash flow,” said Rod Antal, executive chairman of SSR Mining.

“Including the total potential transaction outlay of $275 million, the results from this initial technical report summary demonstrate a transaction IRR in excess of 100 percent, a truly exceptional outcome with meaningful growth potential for the operation still ahead,” added Antal.

“Today’s initial life of mine plan already demonstrates a long-lived operation and with nearly five million ounces of measured and indicated mineral resources and two million ounces of inferred mineral resources, there is a clear opportunity for future growth,” concluded Antal.

Despite being in production for decades, the site is still estimated to hold almost five million measured and indicated gold ounces. Between 2026 to 2028, it is expected to churn out 141,000 ounces annually on average. It is notable that the 12 years of mining and stacking operations will be proceeded by 14 years of residual leaching activities.

The newly released technical analysis has also factored in a proposed expansion to the mine’s open pit areas and heap leach pads. SSR aims to increase the project’s ore processing capacity and resource recovery capabilities. This goal supports the company’s broader aim of meeting its production guidance of 410,000 to 480,000 gold ounces across its portfolio this year.

Source: Mugglehead Magazine

SSR Mining, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.

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