M&A Deal Summary

SSR Mining Acquires Puna Operations

On July 22, 2019, SSR Mining acquired metals/mining company Puna Operations from Golden Arrow

Acquisition Highlights
  • This is SSR Mining’s 3rd transaction in the Metals/Mining sector.
  • This is SSR Mining’s 1st transaction in Argentina.

M&A Deal Summary

Date 2019-07-22
Target Puna Operations
Sector Metals/Mining
Buyer(s) SSR Mining
Sellers(s) Golden Arrow
Deal Type Divestiture

Target

Puna Operations

Jujuy, Argentina
Puna Operations, Inc. is a joint venture comprised of the Chinchillas mine and the Pirquitas property, which includes the Pirquitas processing facilities.

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Buyer(S) 1

Buyer

SSR Mining

Denver, Colorado, United States

Category Company
Founded 1946
Sector Metals/Mining
Employees2,500
Revenue 1.4B USD (2023)
DESCRIPTION

SSR Mining is a mining company focused on the operation, development, exploration and acquisition of precious metal projects. SSR Mining was founded in 1946 and is headquartered in Denver, Colorado.


DEAL STATS #
Overall 3 of 6
Sector (Metals/Mining) 3 of 6
Type (Divestiture) 2 of 3
Country (Argentina) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-07 Claude Resources

Saskatoon, Saskatchewan, Canada

Claude Resources, Inc. is a public gold exploration and mining company.

Buy $253M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 Alacer Gold

Denver, Colorado, United States

Alacer Gold Corp. is a low-cost intermediate gold producer whose primary focus is to leverage its cornerstone Çöpler Gold Mine and strong balance sheet as foundations to continue its organic multi-mine growth strategy, maximize free cash flow. The Çöpler Gold Mine is located in east-central Turkey in the Erzincan Province, approximately 1,100 kilometers ("km") southeast from Istanbul and 550km east from Ankara, Turkey's capital city.

Buy -

Seller(S) 1

SELLER

Golden Arrow

Vancouver, British Columbia, Canada

Category Company
Founded 2015
Sector Metals/Mining
DESCRIPTION

Golden Arrow is a mining exploration and production company. Golden Arrow is actively exploring a new portfolio of advanced projects in Chile, as well as other targets within its portfolio of more than 200,000 hectares of properties in Argentina. Golden Arrow was founded in 2015 and is headquartered in Vancouver, Canada.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Argentina) 1 of 1
Year (2019) 1 of 1