SSR Mining gains after deal to sell 80% stake in Copler mine for $1.5 bln

SSR Mining

04/03/2026 12:25

** U.S.-listed shares of precious metal miner SSR Mining SSRM.TO, SSRM.O up 7.2% at $31.02 premarket

** SSRM says it has agreed to sell its 80% stake in Turkey's Copler mine to Cengiz Holding A.S. for $1.5 billion in cash

** Says the deal excludes SSRM's interest in the Hod Maden development project

** It adds either party may terminate the memorandum of understanding at any time upon notice, subject to a $50 million termination fee

** Transaction expected to close by Q3 2026

** "We are also conducting a strategic review of our remaining platform in Turkey, including our 20% earned interest in the Hod Maden development project" - SSRM

** As of last close, SSRM up ~32% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))