Cripple Creek & Victor (CC&V) Feasibility Study: $824M NPV Over a 12-Year Mine Life
SSR Mining Inc.'s Cripple Creek & Victor (CC&V) in Colorado, USA has a Feasibility Study outlining an after-tax NPV of $824M. The mine plan runs 12 years at about 141 koz Au per year.
SSR Mining Inc.'s Cripple Creek & Victor (CC&V) has reported Feasibility Study results for the gold project in Colorado, USA. The study headlines an after-tax net present value of $824M at a 5% discount rate. It reflects SSR Mining Inc.'s (SSRM) latest disclosed economics for the asset.
Economics. The after-tax NPV is $824M using a 5% discount rate. All-in sustaining costs are pegged at 2051 USD/oz. Economics are based on Mineral Reserve estimate based on $1,700/oz gold; Mineral Resource estimate based on $2,000/oz gold; NPV sensitivity shown at ~$4,400/oz spot.
Production and mine plan. The project envisions an open-pit operation. Life of mine is 12 years. Average annual production is approximately 141 koz Au. Average head grade is 0.39 g/t Au (ore grade stacked). Metallurgical recovery averages 51.6%. The open-pit strip ratio is 0.65 W:O.
Resources and ownership. The company holds a 100% interest in the project. Royalties and streams: Effective life of mine royalty rate averages 5%.
These figures are extracted from SSR Mining Inc.'s technical disclosures and reflect the most recent Feasibility Study on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.
Reserves & Resources
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Proven | 105,440 kt | 0.44 g/t Au | 1,480 koz Au |
| Probable | 114,771 kt | 0.32 g/t Au | 1,171 koz Au |
| Proven & Probable | 220,211 kt | 0.37 g/t Au | 2,651 koz Au |
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Measured | 157,034 kt | 0.49 g/t Au | 2,456 koz Au |
| Indicated | 181,048 kt | 0.40 g/t Au | 2,350 koz Au |
| Measured & Indicated | 338,082 kt | 0.44 g/t Au | 4,805 koz Au |
| Inferred | 149,352 kt | 0.41 g/t Au | 1,963 koz Au |
| Total | 487,433 kt | 0.43 g/t Au | 6,769 koz Au |
Our Analysis
- NPV after-tax
- $824M
higher than 65% of 178 projects we track
- Mine life
- 12yrs
- Study price assumption
- Mineral Reserve estimate based on $1,700/oz gold; Mineral Resource estimate based on $2,000/oz gold; NPV sensitivity shown at ~$4,400/oz spot
- Spot gold today
- $4,227.40/oz
Against the 178 gold projects we track, this one's after-tax NPV of $824M sits above roughly 65% of the field. That is a genuinely good asset, but the rank is the point: it is upper-middle, not top-decile, and nothing in the numbers is an outlier. For an investor, that means the case rests less on the resource and more on execution and price leverage, because the study itself was not built on heroic assumptions.
The confidence level is high. This is a feasibility study, the build-ready estimate normally carrying a plus or minus 15% band, and the project is already in production with a 12-year mine life in Colorado, a jurisdiction that generally treats permitting and mining as workable rather than hostile. That combination of study stage and operating status is what earns these figures their weight. The reserve work was priced at $1,700/oz and the resource at $2,000/oz, both well below today's $4,227.40/oz spot, so the base case was struck conservatively and the sensitivity shown at roughly $4,400/oz captures the upside if spot holds. That is real optionality, but it is price optionality, not a resource re-rating.
The constraint is scale and funding, not geology. An $824M NPV against a US$7.04B market cap is about 0.1x, well below it, and this is one of 53 projects in a diversified portfolio. A project this size moves a company that large only marginally, so it will not be a needle-mover on its own. The question that decides whether it works: does the operator fund and build it on schedule, or does it sit as a modest line item in a portfolio too broad to prioritise it?
Our take, benchmarked against the project economics in the Mining Stocks database. Figures are estimates drawn from company technical reports — not investment advice; always verify against the source filing.