Northwire Canada EditionSunday, September 13, 2026
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GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2% GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2%
Earnings Routine +

SSR Mining Reports First Quarter 2026 Results

SSR Mining Clears Debt, Locks in $1.5B Çöpler Sale

By The Northwire Desk — AI Analysis May 05, 2026 · 16:10 SSRM · 38.57 SSR Mining Inc.
Executive Summary
  • Earnings Performance: SSR Mining reported Q1 2026 net income of $252.5 million ($1.16 diluted EPS) and gold equivalent production of 109,914 ounces. Revenue reached $581.8 million, up significantly from Q1 2025.
  • Çöpler Divestiture: The company formalized a definitive agreement to sell its 80% stake in the Çöpler mine (Turkey) to Cengiz Holding A.S. for $1.5 billion cash. Closing is expected by end of Q3 2026, subject to regulatory approvals.
  • Capital Management: $230 million in Convertible Notes were converted into 13.1 million common shares, effectively eliminating this debt obligation. Approximately $300 million in share buybacks (9.2 million shares) were completed following the NCIB approval.
  • Liquidity: Cash and cash equivalents stand at $634.1 million with total liquidity of $1.134 billion including undrawn credit facilities.
  • Operational Updates: Marigold, CC&V, Seabee, and Puna operations are within guidance ranges. Çöpler is suspended pending sale. Hod Maden interest is under strategic review with minimal capital costs expected during this period.
Material Impact
  • Confirmation of Prior Catalysts: The definitive sale agreement for Çöpler was announced in late March/early April 2026 (NewsId 102349, 94544). This Q1 report confirms the transaction is proceeding as planned without material changes to terms.
  • Debt Elimination: The conversion of $230 million convertible notes removes a significant overhang and dilution risk that was anticipated in February 2026 (NewsId 96709). This strengthens the balance sheet materially but was expected.
  • Capital Return Execution: Completion of the $300 million buyback program demonstrates management's commitment to returning capital, aligning with the strategy shift post-Çöpler sale.
  • Strategic Shift: The move to place Hod Maden under "strategic review" signals a potential pause on development capex ($469 million required previously) until the Çöpler proceeds are realized or a partner is found. This reduces near-term cash burn risk but delays growth visibility.
  • Verdict: While the financial results are strong, the primary value drivers (sale and debt conversion) were priced in during March/April 2026. This news confirms execution rather than introducing new surprises.
SSRM · Price
Company Overview
  • Overview: SSR Mining is a gold and silver producer with operations in the Americas (USA, Canada, Argentina) and Turkey (suspended). The company is pivoting to focus on high-margin assets in stable jurisdictions following the Çöpler sale.
  • Flagship Projects:
    • Cripple Creek & Victor (CC&V), USA: High-grade underground mine acquired from Newmont. 12-year life of mine plan with $824M NPV5%.
    • Marigold, USA: Open-pit heap leach operation in Nevada.
    • Seabee, Canada: Underground gold mine in Saskatchewan.
    • Puna, Argentina: Silver-gold underground mine in Jujuy.
  • Development: Hod Maden (Turkey) is a high-grade copper-gold project currently under strategic review with an NPV5% of $1.66B at consensus prices.
Read the original news release →

More from SSR Mining Inc.

Aug 04, 2026 · 16:10

SSR’s Q2 AISC surged to $2,622/oz, exceeding guidance and shrinking free cash flow despite the Copler windfall.

Earnings Jul 17, 2026 · 08:30

SSR completes its strategic pivot to the Americas with the closing of the Hod Maden divestment as planned.

M&A / Property Jun 24, 2026 · 18:51

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M&A / Property Jun 24, 2026 · 17:00

SSR completes the Copler divestiture following a $1.5 billion cash infusion, though market participants question the timing of potential capital returns.

M&A / Property Jun 15, 2026 · 17:00

SSR executes disciplined capital returns ahead of the Çöpler divestiture, locking in an Americas-focused strategy.

M&A / Property May 18, 2026 · 17:00

SSR Mining Exits High‑Capex Turkish Gold‑Copper Dream, Opting for a Lifetime Royalty That Halts $182M of Spending.

M&A / Property