SSR Mining adds $500 million buyback, reinstates dividend

1 min read     Updated on 16 Jun 2026, 02:57 AM
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AI Summary

SSR Mining Inc. approved an additional $500 million for share repurchases and reinstated a quarterly dividend of $0.03 per share. The company has returned $774 million to shareholders since 2021, supported by free cash flow and the anticipated $1.5 billion sale of the Çöpler mine.

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SSR Mining Inc. has approved an additional $500 million for share repurchases and reinstated a regular quarterly dividend to enhance shareholder returns. The company has returned $774 million to shareholders since 2021, including $300 million in share repurchases completed in the second quarter of 2026. Year-to-date shareholder returns represent a yield of approximately 5% before the impact of the new authorization and dividend reinstatement.

Rod Antal, Executive Chairman of SSR Mining, stated that these actions reinforce the company's disciplined approach to capital allocation. The financial position is supported by ongoing free cash flow generation, a robust balance sheet, and the anticipated closing of the Çöpler mine sale for $1.5 billion in cash before the end of the third quarter. This transaction provides flexibility for reinvestment and continued capital returns.

The Board of Directors anticipates declaring the first quarterly cash dividend of $0.03 per common share alongside the second quarter 2026 financial results. An annualized dividend of $0.12 per share establishes a baseline for consistent returns alongside the share buyback program.

On March 27, 2026, the Toronto Stock Exchange accepted SSR Mining's Notice of Intention for a Normal Course Issuer Bid (NCIB). The bid permits the purchase of up to 21,502,189 common shares, representing 10.0% of the public float. In April 2026, the company repurchased 9,224,713 shares, leaving 12,277,476 shares available for repurchase. The NCIB expires on March 30, 2027.

Capital Returns Overview

Metric Value
Additional buyback authorization $500 million
Total shareholder returns since 2021 $774 million
Q2 2026 share repurchases $300 million
Quarterly dividend per share $0.03
Annualized dividend per share $0.12
Çöpler mine sale proceeds $1.5 billion

Normal Course Issuer Bid Details

Parameter Details
TSX acceptance date March 27, 2026
Maximum shares for purchase 21,502,189
Percentage of public float 10.0%
Shares repurchased in April 2026 9,224,713
Shares remaining for repurchase 12,277,476
NCIB expiry date March 30, 2027

How does SSR Mining plan to balance the new $500 million buyback authorization with potential reinvestment in growth assets?

Will the Çöpler mine sale proceeds lead to further acquisitions or a focus on existing operations?

Could the dividend be increased in the future given the strong free cash flow generation?

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