SSR Mining Agrees $1.5 B Çöpler Mine Stake Sale with Q3 2026 Closing
SSR Mining agreed to sell its 80% Çöpler Mine stake in Türkiye to Cengiz Holding for $1.5 billion in cash, including a $100 million deposit and a $50 million reciprocal break fee. Proceeds are earmarked for reinvestment, capital returns and growth initiatives, with closing targeted in Q3 2026.
1. Deal Terms
SSR Mining will sell an 80% interest in the Çöpler Mine in Türkiye to Cengiz Holding for $1.5 billion in cash. The agreement requires a $100 million deposit credited at closing and includes a reciprocal $50 million break fee if the deal is terminated.
2. Strategic Use of Proceeds
The company plans to deploy the cash proceeds toward ongoing business reinvestment, capital return programs and growth initiatives designed to enhance shareholder value. Management is also conducting a strategic review of its remaining 20% interest in the Hod Maden development project in Türkiye.
3. Closing Timeline and Strategic Review
The transaction is expected to close in the third quarter of 2026, providing SSR Mining with substantial liquidity. Alongside the sale, the strategic review of Turkish operations aims to optimize the asset portfolio and maximize returns for investors.