Northwire Canada EditionThursday, July 16, 2026
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CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
M&A / Property Game Changer

SSR Mining Announces Binding Agreement to Sell Its Ownership in the Copler Mine for $1.5 Billion in Cash

SSR Mining pivots from operational crisis to a $1.5 billion cash windfall through strategic Turkish exit

By The Northwire Desk — AI Analysis Mar 04, 2026 · 07:00 SSRM · 39.53 SSR Mining Inc.
Executive Summary

The most recent news (March 4, 2026) announces a binding agreement for SSR Mining to sell its 80% interest in the Çöpler mine and all related Turkish assets to Cengiz Holding for $1.5 billion in cash. This follows a period of "Care & Maintenance" at Çöpler after a major operational incident in early 2024. The deal includes a $100 million deposit and a $50 million break fee. Concurrently, the company is reviewing its 20% interest in the Hod Maden project. This follows the February 2026 announcement of a $300 million share buyback and the redemption of $227 million in convertible notes.

Material Impact

This is a "Material - Game Changer" event. - Liquidity Transformation: The $1.5 billion cash influx nearly matches the company's current estimated market capitalization. It completely de-risks the balance sheet, which was previously burdened by the uncertain restart of Çöpler and high care-and-maintenance costs ($20M-$25M per quarter). - Risk Mitigation: By exiting Çöpler, SSRM removes the massive liability of reclamation and remediation (estimated at $262M-$312M) and the regulatory uncertainty in Tűrkiye. - Capital Allocation: The company now has the firepower to fully fund the Hod Maden development (attributable $469M) or pivot to further M&A in safer jurisdictions like the USA and Canada, while continuing its $300M buyback program. - Valuation Re-rating: The market previously discounted SSRM due to the Çöpler suspension. This cash sale provides a floor for the valuation and shifts the focus to its high-performing Americas assets (CC&V, Marigold, Puna).

SSRM · Price
Company Overview

SSR Mining is a mid-tier precious metals producer. Following the Çöpler sale, its flagship operations shift to: - Marigold (USA): Large-scale open pit gold mine in Nevada. - Cripple Creek & Victor (CC&V, USA): Acquired in 2025, now a core performer with a 12-year mine life. - Seabee (Canada): High-grade underground gold mine. - Puna (Argentina): Silver-lead-zinc operation exceeding production targets.

Read the original news release →

More from SSR Mining Inc.

Jun 24, 2026 · 18:51

SSR completes the Copler divestment on schedule, advancing its Americas pivot and funding a $500 million share buyback program.

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 May 05, 2026 · 16:10

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

Earnings Mar 27, 2026 · 07:00

SSR Mining Announces Normal Course Issuer Bid

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