Fisher Drill Highlights
Fisher Drill Highlights

After spending a multiple of the C$4M in exploration expenditures that were required for SSR Mining (SSRM, SSRM.TO) to establish an initial 60% stake in the Fisher project, located right next to its low-cost Seabee gold mine in Saskatchewan. SSR Mining has now notified Taiga Gold (TGC.C) it has completed the earn-in requirements to establish the initial 60% stake. This kicks off the second option period allowing SSR Mining to increase its stake to 80% by making a C$3M cash payment within the next 12 months (that period ends on November 3rd, 2021).

It’s very interesting to see SSR Mining had already completed the earn-in requirements several years ago, but is only now pulling the trigger to actually establish a direct stake in the project. We can only assume the technical people in Saskatchewan have been able to convince the SSR management the Fisher project has its merit. Not only is SSR Mining not walking away, the completion of the earn-in to an initial 60% actually validates the gold discoveries made on the Fisher property in the past few years. You can re-read our discussion of the new discoveries in 2020 here. An initial introduction to Taiga Gold can be found here.


Disclosure: The author has no position in Taiga Gold, but has written put options on SSR Mining. Taiga Gold is a sponsor of the website.

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