SSR Mining sells Çöpler mine stake for $1.49 billion

1 min read Updated on 25 Jun 2026, 02:57 AM

Reviewed by

Suketu GScanX News Team

AI Summary

SSR Mining Inc. has finalized the sale of its 80% stake in the Çöpler mine in Türkiye to Cengiz Holding A.S. for $1.49 billion in cash. The deal includes working capital adjustments and involves related properties. SSR Mining, headquartered in Denver, remains a major gold producer with operations across the Americas.

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SSR Mining Inc. has closed the sale of its 80% ownership stake in the Çöpler mine and related properties in Türkiye to Cengiz Holding A.S. and affiliates. The company received approximately $1.49 billion in cash consideration for the sale, after giving effect to various working capital adjustments. This transaction marks a significant divestment for the gold and silver mining company.

The Çöpler mine sale includes the transfer of the asset and associated properties. SSR Mining expressed gratitude to its employees and local communities across Türkiye for their cooperation and support throughout the process.

Transaction Details

Detail	Information
Buyer	Cengiz Holding A.S. and affiliates
Asset Sold	80% ownership stake in Çöpler mine and related properties
Location	Türkiye
Consideration	$1.49 billion
Adjustments	Working capital adjustments applied

About SSR Mining Inc.

SSR Mining Inc. is a free-cash-flow-focused gold and silver mining company and the third-largest gold producer in the United States. The company holds a diversified portfolio of operating, development, and exploration assets across the Americas, including four operating mines in the USA, Canada, and Argentina. In 2026, SSR Mining is expected to produce between 450,000 and 535,000 Gold Equivalent Ounces. Headquartered in Denver, Colorado, the company is listed on the Nasdaq Stock Market and the Toronto Stock Exchange under the ticker symbol SSRM.

How does SSR Mining plan to allocate the $1.49 billion in cash proceeds from the sale?

What impact will the divestment have on SSR Mining's future production guidance and cost profile?

Will this transaction trigger any strategic shifts or acquisitions within SSR Mining's remaining portfolio?

2025 Performance Highlights

The company achieved significant operational efficiencies in resource management during the year. SSR Mining re-used or recycled approximately 92% of the water used across its operating mine sites. This performance was led by the Marigold and Cripple Creek & Victor operations in the USA.

Community and Safety Initiatives

SSR Mining increased its investment in local communities, allocating over $1.6 million to strategic community-specific initiatives. This figure represents a more than 55% increase compared to 2024. The company's Community Development Committees became fully operational during the year, focusing on funding longer-term, sustainable initiatives across its portfolio.

In safety management, the company advanced an improved system prioritizing proactive reporting. SSR Mining reported no workplace fatalities or life-altering injuries in 2025. The company plans to roll out its "I Care, We Care" philosophy globally in 2026 to further eliminate fatalities and reduce high-impact risks.

Reporting Framework

The report was prepared with reference to the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards. Material topics were informed by a structured materiality pre-assessment conducted in preparation for a comprehensive double materiality assessment planned for 2026.

How will the planned comprehensive double materiality assessment in 2026 influence SSR Mining's long-term ESG strategy and capital allocation?

What specific operational targets has the company set for water usage beyond the 92% recycled rate as it scales the 'I Care, We Care' philosophy?

Will the 55% increase in community investment be sustained in 2026, and what metrics will be used to evaluate the success of the Community Development Committees?