SSR Mining signs definitive deal to sell Copler stake

The most recent news (March 25, 2026) confirms that SSR Mining has signed a definitive agreement to sell its 80% stake in the Çöpler mine in Türkiye to Cengiz Holding A.S. for $1.5 billion in cash. This follows a binding memorandum of understanding announced earlier in the month. The deal includes all related properties in eastern Anatolia (Çakmaktepe, Bayramdere, etc.). A $100 million deposit has been paid, and a $50 million reciprocal break fee is in place. Closing is expected in Q3 2026, subject to Turkish regulatory approvals.

This is a "Game Changer" for SSR Mining. The Çöpler mine has been a significant weight on the company since the February 2024 incident, remaining in "Care & Maintenance" with unestimable restart timelines and rising reclamation liabilities (estimated between $262M and $312M). - Liquidity Surge: The $1.5 billion cash infusion nearly triples the company’s current cash position ($535M as of year-end 2025). - Risk De-leveraging: It removes the massive regulatory and environmental uncertainty associated with the Çöpler suspension. - Capital Allocation: The company has already signaled a $300 million share buyback and the redemption of $227 million in convertible notes. This sale provides the "dry powder" to fund the Hod Maden development ($469M attributable spend) without further debt or dilution.

SSR Mining is a intermediate precious metals producer with four core operating assets: Marigold (Nevada), Cripple Creek & Victor (Colorado), Seabee (Saskatchewan), and Puna (Argentina). - Flagship Project (Transitioning): With Çöpler being sold, the focus shifts to Hod Maden in Türkiye (40% interest), a high-grade copper-gold project with an estimated 39% IRR and $1.66B NPV. - Secondary Flagship: Cripple Creek & Victor (CC&V) has become a cornerstone, producing 125k oz in 2025 and showing a 100% IRR on its initial acquisition cost.