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SSR Mining Announces Normal Course Issuer Bid

SSRM · Price
Executive Summary
- SSR Mining filed a Notice of Intention with the Toronto Stock Exchange to commence a Normal Course Issuer Bid, allowing purchase and cancellation of up to 21,502,189 common shares (~10% of public float).
- The NCIB is authorized for the period 31 Mar 2026 – 30 Mar 2027 and follows board approval (17 Feb 2026) of a $300 million share buy‑back program.
- Purchases will be made via open market, private negotiations, accelerated repurchases, automatic purchase plans and other permitted methods, subject to TSX and U.S. securities rules.
Key Details
- Maximum Shares: Up to 21,502,189 common shares may be purchased and cancelled under the NCIB.
- Public Float Impact: Represents approximately 10.0% of SSR Mining’s total issued and outstanding common shares (216,507,895 as of 26 Mar 2026).
- Buy‑back Program Authorization: Board approved a $300 million share repurchase program for a twelve‑month period.
- NCIB Timeframe: Commences 31 Mar 2026 and ends 30 Mar 2027; purchases are discretionary and may be suspended at any time.
- Daily Purchase Limit: Up to 114,131 shares per trading day on the TSX (25% of average daily volume of 456,527 shares).
- Purchase Methods: Includes open‑market buys, privately negotiated transactions, accelerated share repurchases, automatic purchase plan, and other derivative transactions.
- Automatic Share Purchase Plan: To be effective 31 Mar 2026, enabling purchases during regulatory blackout periods.
- Regulatory Compliance: All purchases will comply with TSX rules, applicable U.S. securities laws, and be executed at market price at the time of purchase.
Notable Quotes
(No direct quotes were provided in the release.)
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Jun 24, 2026 · 18:51