San Luis NSR Royalty
The San Luis project is located in the department of Ancash in central Peru, approximately 500 kilometers northwest of Lima and covering 23,144 hectares across 31 concessions. San Luis is a greenfield gold and silver development project discovered in 2005.
On November 30, 2023, SSR Mining announced it had entered into a definitive agreement to sell its San Luis project to Highlander Silver Corp for total consideration of up to US$42.5 million. Total consideration consists of US$5.0 million in upfront cash and up to US$37.5 million in contingent payments payable in cash. Pursuant to the terms of the agreement, SSR Mining will retain a 4% net smelter returns (“NSR”) royalty on the Project, which will be granted prior to the closing of the transaction.”
This page contains forward-looking statements. Please see the following link: Legal.
November 30, 2023
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