MAY 25·fool.com▲
SSR Mining Is Selling Its Interest in the Copler Mine for $1.5 Billion. Is This a Positive Sign for the Mining Stock?
SSR Mining (SSRM) agreed to sell its 80% interest in Turkey’s Copler mine for $1.5 billion, according to the company. The deal follows a 2024 regulator shutdown after a fatal accident and is intended to reduce emerging-market exposure. SSR reported free cash flow of $242 million in the past year, $211 million in Q1, and $634 million cash with no debt. It expects 2026 production of 450,000–535,000 gold-equivalent ounces and says it hedged 70% of diesel with zero-cost collars.
MAY 18·TipRanks→
SSR Mining exits Hod Maden, strengthens Americas focus
SSR Mining announced its definitive agreement to sell its 20% stake and operatorship in the Hod Maden development project to Lidya Mines. This deal provides SSR Mining with an uncapped 4.0% net smelter return royalty and eliminates future funding obligations for the Turkish project. This divestment, combined with other recent strategic moves, completes the company's shift to an Americas-focused portfolio, emphasizing free cash flow and capital returns.
