Canada’s SSR Mining Inc. is buying Denver-based miner Alacer Gold Corp. in an all-stock, zero premium transaction worth $2.4-billion, the latest big mining deal aimed at trying to win back the interest of institutional investors.
Vancouver-based SSR operates precious metals mines in Canada, the United States and Argentina. Alacer’s chief asset is the Copler gold mine in Turkey.
SSR is paying 0.3246 of its shares for each Alacer share, equivalent to $8.19 a share, the same level Alacer closed at on Friday. Continue Reading →