Monday, October 6, 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

QMX Gold To Be Acquired By Eldorado Gold In $132 Million Transaction

Consolidation within the mining sector continues this morning, with the announcement that Eldorado Gold (TSX:...

Thursday, January 21, 2021, 08:44:23 AM

Global Gold Demand Drops To 11-Year Low As Consumers And Investors Face Effects Of COVID-19 Pandemic

It appears that gold has lost its lustre for many central banks and investors, causing...

Monday, November 2, 2020, 12:21:57 PM

Newlox Gold Sets Two Month Timeline For Completion Of Boston Project

Newlox Gold Ventures (CSE: LUX) has reportedly seen continued progress on the development of its...

Thursday, April 29, 2021, 09:15:30 AM

McLaren Resources Looks To Conduct Exploration At Kerrs Gold Property

McLaren Resources (CSE: MCL) is looking to advance its Kerrs Gold property in the Timmins...

Friday, July 2, 2021, 07:25:06 AM

CR Capital Releases Glenrock Property July 2020 Exploration Results

CR Capital Corp (TSXV: CIT) this morning announced the results from its July 2020 surface...

Friday, September 11, 2020, 09:30:10 AM