Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Earnings

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.

Nov 03, 2026 · 16:10

SSR’s Marigold mine reported AISC 10% above guidance, requiring fourth-quarter output to reach 2.5 times the third-quarter level to meet production targets.

Earnings Oct 13, 2026 · 06:13

SSR acquires the Converse deposit adjacent to Marigold in a $464 million all-cash transaction.

M&A / Property Oct 13, 2026 · 06:00

SSR’s Marigold reserve expansion secures mine life to 2050 despite near-term AISC creep and grade declines.

Technical Study Sep 23, 2026 · 17:14

SSR Mining acquires a $4 million joint venture stake to advance exploration optionality at its Dobbin project.

M&A / Property 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