Northwire Canada EditionTuesday, November 3, 2026
Northwire
⌕
Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
M&A / Property Routine +

SSR Mining Announces Additional $500 Million Share Buyback and Reinstatement of Quarterly Dividend

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

Executive Summary
  • SSR Mining's Board approved an additional $500 million share repurchase authorization.
  • Reinstated a regular quarterly dividend of $0.03 per common share ($0.12 annualized), with the first payment expected alongside Q2 2026 results.
  • Highlighted a strong financial position supported by ongoing free cash flow and the anticipated $1.5 billion cash sale of the Çöpler mine, expected to close before the end of Q3 2026.
  • Total shareholder returns since 2021 amount to $774 million, with year-to-date returns already yielding approximately 5%.
  • NCIB status: TSX acceptance received March 27, 2026, for up to 21,502,189 common shares (~10.0% of public float). April 2026 repurchases totaled 9,224,713 shares, leaving 12,277,476 shares available. The NCIB expires March 30, 2027.
  • Strategic context: Completes the execution of the Çöpler divestiture and follows the May 18, 2026 sale of the 20% Hod Maden stake to Lidya Mines for a 4.0% NSR, fully transitioning the company to an Americas-focused platform.
Material Impact
  • The announcement of an additional $500 million buyback and dividend reinstatement is a positive capital allocation move, but it is largely expected given the company's debt-free status, $634 million cash position, and the imminent $1.5 billion Çöpler proceeds.
  • The stock has already rallied significantly from ~$16.22 to a high of $49.01 on the back of the Çöpler/Hod Maden strategic wins. This release represents a routine execution of capital returns rather than a transformative event.
  • Rating: Routine - Positive. The market has already priced in the strategic repositioning; this is a standard reinforcement of shareholder value in a cash-rich environment.
SSRM · Price
Company Overview
  • SSR Mining is a precious metals producer focused on gold and silver operations in the Americas.
  • Flagship assets include Marigold (Nevada, USA), Cripple Creek & Victor (Colorado, USA), Seabee (Ontario, Canada), and Puna (Argentina).
  • The company is divesting its Turkish assets (Çöpler and Hod Maden) to focus on lower-jurisdiction risk and higher-margin Americas operations.
  • CC&V acquisition in early 2025 established SSR as the third-largest gold producer in the United States.
  • Strategic focus is on free cash flow generation, mine-life extensions, and disciplined capital allocation.
Read the original news release →

More from SSR Mining Inc.