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Get filing alertsSSR Mining sells Turkish assets for $1.49B, repurchases $337.8M in shares in Q2 2026
Filed August 4, 2026 · Period ending August 4, 2026 · ~2 min read
Key Changes
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high
Completed sale of 80% stake in Çöpler mine for ~$1.49B cash on June 24, 2026, and 20% stake in Hod Maden project for 4.0% uncapped NSR royalty on July 17, 2026, exiting Turkey entirely.
Exhibit 99.1 view on EDGAR → -
high
Repurchased $337.8M in shares (10.4M shares) in Q2 2026; year-to-date buybacks total $409.2M (12.9M shares) for ~8% effective yield. Board approved additional $500M authorization.
Exhibit 99.1 view on EDGAR → -
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Q2 2026 net income $137.0M ($0.66/share diluted), operating cash flow $115.6M, free cash flow $50.3M. H1 2026 operating cash flow $420.5M, free cash flow $299.1M.
Exhibit 99.1 view on EDGAR → -
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Q2 2026 production 101,959 gold equivalent ounces at cost of sales $1,775/oz and AISC $2,622/oz. YTD production 211,873 oz on track for full-year guidance of 450k–535k oz.
Exhibit 99.1 view on EDGAR → -
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Amended revolving credit facility on July 31, 2026: maturity extended to July 31, 2030, capacity increased from $400M to $600M, margin improved to SOFR+1.75%–2.5% from SOFR+2.00%–2.75%.
Exhibit 99.1 view on EDGAR →
Summary
SSR Mining completed a strategic transformation in Q2 2026, exiting Turkey entirely by selling its 80% stake in the Çöpler mine for approximately $1.49 billion in cash and its 20% stake in the Hod Maden development project for a 4.0% uncapped net smelter return royalty. The company is now an Americas-focused gold and silver producer anchored by long-lived U.S. operations.
The Turkish asset sales generated substantial cash, which SSR Mining is deploying aggressively to shareholders: the company repurchased $337.8 million in shares during Q2 2026 (10.4 million shares), bringing year-to-date buybacks to $409.2 million for an effective yield of nearly 8%.
The Board authorized an additional $500 million for repurchases and declared a $0.03 per share quarterly dividend payable September 11, 2026. Operationally, SSR Mining produced 101,959 gold equivalent ounces in Q2 2026 at cost of sales of $1,775 per ounce and all-in sustaining costs of $2,622 per ounce. Year-to-date production of 211,873 ounces is on track for full-year guidance of 450,000 to 535,000 ounces. The company reported Q2 2026 net income of $137.0 million ($0.66 per diluted share), operating cash flow of $115.6 million, and free cash flow of $50.3 million. SSR Mining also amended its revolving credit facility on July 31, 2026, extending maturity to 2030, increasing capacity from $400 million to $600 million, and improving the interest margin to SOFR plus 1.75%–2.5%. As of June 30, 2026, the company held $1.78 billion in cash with no long-term debt outstanding.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
SSR Mining disclosed Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On August 4, 2026, SSR Mining Inc., a British Columbia corporation, issued a news release reporting consolidated financial results for the second quarter ended June 30, 2026.
SSR Mining announced its second quarter 2026 financial results. The 8-K references a press release (Exhibit 99.Investors should review Exhibit 99.1 for the actual performance metrics.
Event · Exhibit 99.1
SSR Mining reported Q2 2026 results, completed sale of Turkish assets for $1.49B, repurchased $337.8M in shares, and declared $0.03 quarterly dividend.
Added in current filing · view on EDGAR →
In the second quarter of 2026, SSR Mining completed a total of $337.8 million in share buybacks through the repurchase of 10.4 million shares. Year-to-date, SSR Mining has repurchased 12.9 million shares for a total of $409.2 million in capital returns, or an effective yield of nearly 8%. On June 15, 2026, the Company announced approvals for an additional $500 million for share repurchases, of which $109.2 million has been returned to shareholders to July 31, 2026. Additionally, on August 4, 2026, the Board declared a quarterly cash dividend of $0.03 per share to be paid on September 11, 2026.
SSR Mining repurchased $337.8 million of shares (10.4 million shares) in Q2 2026, bringing year-to-date repurchases to $409.2 million (12.9 million shares) for an effective yield of nearly 8%. The Board approved an additional $500 million repurchase authorization on June 15, 2026, and declared a $0.03 per share quarterly dividend payable September 11, 2026. Since 2021, the company has returned nearly $900 million through share buybacks and over $170 million in dividends.
Added in current filing · view on EDGAR →
On July 31, 2026, SSR Mining amended its existing revolving credit facility (the “Facility”). The Facility now matures on July 31, 2030 and capacity was increased from $400 million to $600 million. Under the terms of the expanded Facility, amounts borrowed will incur variable interest at the Secured Overnight Financing Rate plus an applicable margin ranging from 1.75% to 2.5%, an improvement over the prior facility margin of 2.00% to 2.75%.
SSR Mining amended its revolving credit facility on July 31, 2026, extending the maturity to July 31, 2030 and increasing capacity from $400 million to $600 million. The new facility carries an interest rate of SOFR plus 1.75% to 2.5%, improving on the prior margin of SOFR plus 2.00% to 2.75%. As of June 30, 2026, the company had $1.78 billion in cash and no long-term debt outstanding.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 20, 2026 · How we verify