SSR Mining To Acquire Addl. 30% Ownership In Kartaltepe Mining JV From Lidya Mining For $150 Mln

RTTNews | 936 hari yang lalu
SSR Mining To Acquire Addl. 30% Ownership In Kartaltepe Mining JV From Lidya Mining For $150 Mln

(RTTNews) - SSR Mining Inc. (SSRM, SSRM.TO, SSR.AX) announced Monday that it has reached an agreement to acquire an additional 30% ownership interest in the Kartaltepe Mining Joint Venture at the ??pler District from partner Lidya Mining for total consideration of $150 million in cash.

Upon completion of the transaction, SSR Mining will increase its ownership interest in Kartaltepe from 50% and will own 80% of the entirety of the ??pler District.

The acquisition is expected to deliver material synergies through the remainder of the currently defined 22-year ??pler mine life.

SSR Mining will use proceeds from its non-core asset sales received over the course of the past 18 months to fund the transaction.

The Transaction is expected to be completed in the fourth quarter of 2022, upon satisfaction of closing conditions.

read more
U.S. Dollar Higher On Trade Hopes

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.
RTTNews | 1 hari yang lalu
Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.
RTTNews | 1 hari yang lalu
European Stocks Close Week On Positive Note

European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.
RTTNews | 1 hari yang lalu
Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.
RTTNews | 1 hari yang lalu
U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.
RTTNews | 1 hari yang lalu
U.S. Import, Export Prices Unexpectedly Inch Higher In April

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.
RTTNews | 1 hari yang lalu