Our Operations
Production
Cripple Creek & Victor
Long-Lived, Established Operation With Meaningful Upside Potential
The Cripple Creek & Victor Gold Mine (“CC&V”) (100% SSRM owned) is located approximately 160 kilometers (100 miles) southwest of Denver, Colorado. Mining in the Cripple Creek district dates back to the 1890’s, with large-scale surface mining commencing in 1994. CC&V is an epithermal gold deposit associated with alkalic intrusive rocks mined via conventional open pit mining methods. All of the current Mineral Reserves are oxides, which are stacked on valley leach facilities as either run of mine (“ROM”) material or after a two-stage crush. SSR Mining completed the acquisition of CC&V on February 28, 2025.
Highlights of the CC&V Mine include:
- Mineral Reserves: Proven and Probable Mineral Reserves of 2.4 million ounces of gold at an average grade of 0.50 g/t as disclosed by Newmont Corp. as of December 31, 2024.
- Potential for mine life extension: Measured and Indicated Mineral Resources of 0.8 million ounces of gold at an average grade of 0.50 g/t. Inferred Mineral Resources of 0.9 million ounces of gold at a grade of 0.40 g/t. Mineral Resources are as disclosed by Newmont Corp. as of December 31, 2024.
- Expanded U.S. Platform: The acquisition of CC&V increased SSR Mining’s scale, diversification and free cash flow generation. Combined with the company’s Marigold operation in Nevada, the acquisition of CC&V positions SSR Mining as the third largest gold producer in the U.S.A. with annual production across the two assets expected to average between 300,000 to 400,000 ounces of gold annually.
All information related to CC&V’s 2024 Mineral Reserves and Mineral Resources is derived solely from Newmont’s press release “Newmont Reports 2024 Mineral Reserves of 134.1 Million Gold Ounces and 13.5 Million Tonnes of Copper”, dated February 20, 2025, and the Annual Report on Form 10-K of Newmont, filed with the SEC on February 21, 2025 (collectively, the “Newmont Disclosures”). You should closely review the Newmont Disclosures in their entirety to learn about the risk, considerations and qualifications to which this information is subject. We have not independently verified the information derived from the Newmont Disclosures. These “historical estimates” (as such term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Properties (“NI 43-101”)) are provided solely for information purposes and have not been independently verified by SSR Mining. These historical estimates are based on work completed and estimates prepared by Newmont, they are not current and should not be treated as SSR Mining’s current estimates of Mineral Reserves or Mineral Resources at CC&V. SSR Mining’s US production platform derived from historical production. Actual results may differ, and such differences may be material, from the “historical estimates”. Readers should also refer to the Company’s investor presentation and news release related to the acquisition of CC&V, filed as a Current Report on Form 8-K with the SEC on December 6, 2024, and available under the Company’s corporate profile on EDGAR at www.sec.gov or on the Company’s website at www.ssrmining.com.
Newmont’s Mineral Reserves and Mineral Resources for 2024 were based on a gold price assumption of $1,700 per ounce for Mineral Reserves and $2,000 per ounce for Mineral Resources.
Newmont has not prepared a technical report summary in accordance with the requirements of Subpart 1300 under Regulation SK of the Securities Act of 1933 and the Securities Exchange Act of 1934 or a technical report in accordance with the requirements of NI 43-101, and Mineral Resources and Mineral Reserves have not been calculated in accordance with NI 43-101. As a result, the production estimates made by SSR Mining are based on the Newmont Disclosure and have not been prepared, reviewed or verified by an independent, third-party qualified person and no such qualified person has done sufficient work to classify the Newmont Disclosures as Mineral Resources or Mineral Reserves as prescribed by Subpart 1300 or NI 43-101 and SSR is not treating the historical estimate as current Mineral Resources or Mineral Reserves for purposes of Subpart 1300 or NI 43-101.
This page contains forward-looking statements. Please see the following link: Legal.