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July 6, 2022, 6:00 p.m. EDT

SSR MINING ANNOUNCES CLOSING OF SALE OF PITARRILLA PROJECT TO ENDEAVOUR SILVER

Jul 06, 2022 (PRNewswire via COMTEX) -- PR Newswire

DENVER, July 6, 2022

DENVER, July 6, 2022 /PRNewswire/ - SSR Mining Inc. /zigman2/quotes/204963588/composite SSRM +0.87% /zigman2/quotes/200015486/delayed CA:SSRM +0.05% (asx:SSR) ("SSR Mining" or the "Company") is pleased to announce that it has closed the sale of the Pitarrilla project in Durango, Mexico to Endeavour Silver Corp. /zigman2/quotes/207646397/delayed CA:EDR +1.92% /zigman2/quotes/202649204/composite EXK +3.21% ("Endeavour Silver") following the receipt of all required regulatory approvals and satisfaction of all closing conditions. 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.

About SSR Mining

SSR Mining Inc. is a leading, free cash flow focused gold company with four producing assets located in the USA, Turkiye, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets. In 2021, the four operating assets produced approximately 794,000 gold-equivalent ounces. SSR Mining is listed under the ticker symbol SSRM on the NASDAQ and the TSX, and SSR on the ASX.

SSR Mining Contacts:

F. Edward Farid, Executive Vice President, Chief Corporate Development Officer
Alex Hunchak, Director, Corporate Development and Investor Relations

SSR Mining Inc.
E-Mail: invest@ssrmining.com
Phone: +1 (416) 306-5789

To receive SSR Mining's news releases by e-mail, please register using the SSR Mining website at www.ssrmining.com.

Cision
View original content: https://www.prnewswire.com/news-releases/ssr-mining-announces-closing-of-sale-of-pitarrilla-project-to-endeavour-silver-301581860.html

SOURCE SSR Mining Inc.

COMTEX_409781863/2454/2022-07-06T18:00:09

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

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/zigman2/quotes/204963588/composite
US : U.S.: Nasdaq
$ 15.11
+0.13 +0.87%
Volume: 2.72M
Oct. 4, 2022 4:00p
P/E Ratio
10.85
Dividend Yield
1.72%
Market Cap
$3.12 billion
Rev. per Employee
N/A
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/zigman2/quotes/200015486/delayed
CA : Canada: Toronto
$ 20.45
+0.01 +0.05%
Volume: 552,217
Oct. 4, 2022 4:00p
P/E Ratio
11.61
Dividend Yield
1.50%
Market Cap
$4.26 billion
Rev. per Employee
N/A
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/zigman2/quotes/207646397/delayed
CA : Canada: Toronto
$ 4.78
+0.09 +1.92%
Volume: 662,392
Oct. 4, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$889.36 million
Rev. per Employee
$195,549
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/zigman2/quotes/202649204/composite
US : U.S.: NYSE
$ 3.54
+0.11 +3.21%
Volume: 4.36M
Oct. 4, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$650.85 million
Rev. per Employee
$154,529
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