Canadian miner SSR has signed a deal to purchase a 9.9% stake in SilverCrest Metals for a total of C$30.66 million (US$23 million).
"SilverCrest's Las Chispas project is a compelling investment proposition for SSR Mining by providing exposure to an exciting high-grade development project with exploration upside in a favourable mining jurisdiction. We look forward to building a relationship with SilverCrest, who have demonstrated a successful track record of discovering economic deposits that develop into operating mines while establishing strong local support of stakeholders including the government, ejidos and communities," Paul Benson, the president and CEO of SSR Mining, said in a statement.
Las Chipas is a silver-gold project located in Mexico.
SSR Mining says its three operations include the Marigold mine in Nevada, U.S., the Seabee Gold Operation in Canada’s Saskatchewan, and the Puna Operations joint venture in Jujuy, Argentina, in which the company has a 75% stake.