EMX - SSR Mining to sell royalty portfolio to EMX for up to $100M

SSR Mining (NASDAQ:SSRM) agrees to sell a non-core portfolio of royalty interests and deferred payments to EMX Royalty (NYSE:EMX) for as much as $100M. The consideration is split roughly evenly between cash, EMX shares and deferred compensation payments to be delivered upon achievement of project development milestones. SSR Mining will hold a ~12% stake in EMX after the deal closes. SSR Mining offers "a solid financial profile at an attractive price per share," Fun Trading writes in an analysis published on Seeking Alpha.

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SSR Mining to sell royalty portfolio to EMX for up to $100M