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TSX-listed SSR Mining has agreed to acquire up to a 40% stake in and assume operatorship of the Hod Maden gold-copper project in Turkey from Lidya Mines for a total consideration of US$270 million.
Analysts viewed the move as a positive for the project.
While the move by the mid-tier miner further reinforces the creditability of the development, SSR has announced a longer-than-expected path to production, which will have implications for royalty
A feasibility study is expected in the coming weeks
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