SSR Mining Sells Çöpler Mine for $1.5B, Boosts Cash Position
Event summary
- SSR Mining sold its 80% stake in the Çöpler mine to Cengiz Holding for $1.5B in cash.
- First-quarter 2026 production was 109,914 gold equivalent ounces with AISC of $2,433 per ounce.
- The company generated $210.8M in free cash flow from continuing operations.
- SSR Mining completed a $300M share buyback program post-quarter.
- Total liquidity as of March 31, 2026, was $1,134.1M.
The big picture
SSR Mining's sale of the Çöpler mine marks a strategic pivot towards a more Americas-focused portfolio, following the acquisition of Cripple Creek & Victor. The transaction positions the company to generate significant free cash flow, reinforcing its mid-cap gold producer status. The move aligns with broader industry trends of portfolio optimization and cash generation in a volatile commodity market.
What we're watching
- Deal Completion
- Whether the Çöpler Transaction will close before the end of Q3 2026 as expected.
- Strategic Review
- The outcome of the strategic review of the Hod Maden development project.
- Operational Efficiency
- The pace at which SSR Mining can sustain its low-cost production profile.
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