Thursday, October 16, 2025

Latest

SSR Mining Expands Existing Credit Facility To US$200 Million

SSR Mining (TSX: SSRM) (NASDAQ: SSRM) this morning indicated that it has expanded its existing credit facility. The expansion will see the undrawn revolving credit facility increase in size from US$75 million to that of US$100 million.

It’s unclear what specifically the firm intends to utilize the facility for, given that it was previously undrawn, however it did indicate the standing boilerplate uses of working capital and general corporate purposes, as well as reclamation bonding.

The facility itself currently bears interest at the London Interbank Offered Rate, plus margin that ranges from 2.0% to 3.0%, which is dependent on the firms net leverage ratio. The amended facility is largely the function of an expanded accordion feature, which grew from US$25 million to US$100 million in size, making up effectively half of the total credit facility.

The maturity of the credit facility has also been extended by four years to that of June 8, 2025.

SSR Mining last traded at $21.52 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Monarch Gold Reports 311 G/T Gold Over 0.50 Metres At McKenzie Break Project

Monarch Gold (TSX: MQR) this morning announces high-grade assays from its drill program conducted earlier...

Thursday, July 23, 2020, 09:43:59 AM

Dalio’s Bridgewater Bets Big on Gold

Bridgewater Associates, the world’s largest hedge fund, has opened a new $318.8 million position in...

Friday, May 16, 2025, 10:47:00 AM

Equinox Gold Sells Pilar Property For $38.0 Million, 9.9% Equity Stake In Private Issuer

Equinox Gold Corp. (TSX: EQX) announced this morning that it has sold its Pilar Gold...

Monday, April 19, 2021, 08:00:48 AM

Lobo Tiggre: Evaluating Resource Companies – The Daily Dive

Today on the Daily Dive, we see our host Cassandra Leah sit down with Lobo...

Thursday, February 4, 2021, 01:30:00 PM

Search Interest For Gold Soars 64% in One Week as Recession Fears Mount

Google searches for “buy gold” have surged by nearly 64% in just one week. This...

Wednesday, August 7, 2024, 11:36:00 AM