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Get filing alertsSSR Mining sells Çöpler mine for $1.5B, completes $300M buyback, retires all debt
Filed May 5, 2026 · Period ending May 5, 2026 · ~1 min read
Key Changes
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Signed definitive agreement to sell 80% stake in Çöpler mine (Turkey) to Cengiz Holding for $1.5 billion cash, expected to close by Q3 2026. Asset now classified as discontinued operation, simplifying portfolio to Americas-focused assets.
Exhibit 99.1 view on EDGAR → -
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Completed $300M share buyback after quarter-end, repurchasing 9.2M shares. Since 2021, company has repurchased 29.2M shares at average $21.06/share, returning $775M total to shareholders through buybacks and dividends.
Exhibit 99.1 view on EDGAR → -
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Retired $230M in convertible notes during Q1 2026, converting principal to 13.1M common shares with $2.6M cash paid for unconverted notes. Company now has no significant long-term debt outstanding.
Exhibit 99.1 view on EDGAR → -
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Reported Q1 2026 net income from continuing operations of $252.5M ($1.16/diluted share) and free cash flow from continuing operations of $210.8M. Production of 109,914 gold equivalent ounces aligned with full-year guidance of 450,000-535,000 ounces.
Exhibit 99.1 view on EDGAR → -
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Made $87.5M contingent payment related to Carlton Tunnel at Cripple Creek & Victor mine, a contractual obligation from the CC&V acquisition completed February 2025.
Exhibit 99.1 view on EDGAR →
Summary
The company retired all $230 million in convertible debt, leaving it with no significant long-term debt, and completed a $300 million share buyback program that repurchased 9.2 million shares. Since 2021, SSR Mining has now returned $775 million to shareholders through buybacks and dividends, repurchasing 29.2 million shares at an average price of $21.06.
Operationally, Q1 2026 results were solid, with net income from continuing operations of $252.5 million ($1.16 per diluted share) and free cash flow from continuing operations of $210.8 million. Production of 109,914 gold equivalent ounces keeps the company on track for full-year guidance of 450,000-535,000 ounces. The Çöpler sale will simplify SSR Mining's portfolio to Americas-based assets, and the $1.5 billion in proceeds—combined with the debt-free balance sheet and strong cash generation—positions the company for continued capital returns or strategic investments. The $87.5 million Carlton Tunnel payment was a known contractual obligation from the 2025 CC&V acquisition.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
SSR Mining disclosed Q1 2026 financial results via news release.
Added in current filing · verify on EDGAR →
On May 5, 2026, SSR Mining Inc., a British Columbia corporation, issued a news release reporting consolidated financial results for the first quarter ended March 31, 2026.
SSR Mining announced its first quarter 2026 financial results. The 8-K references a news release (Exhibit 99.1) containing the detailed results, but the filing body itself does not disclose specific financial figures, operational metrics, or guidance. Investors should review the attached exhibit for revenue, earnings, production volumes, and management commentary.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 3, 2026 · How we verify