Morning Briefing: SSR Mining Acquires Roxmore Resources

SSR Mining's $392M Roxmore acquisition and Kazakhstan's gold-reserve selling are the day's two most market-relevant developments.

• SSR Mining buys Roxmore: Definitive deal for Converse Gold Project in Nevada at C$6.75/share cash, a 27% premium, ~$392M enterprise value, targeting 150,000-170,000 oz annual production from 2033.
• Kazakhstan reverses gold-buying trend: After being the 4th-largest sovereign gold buyer through August, Kazakhstan's central bank is now selling to cut gold from 78% to 75% of reserves by year-end.

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