m_and_a
confidence high
sentiment positive
materiality 0.70
SSR Mining sells 20% Hod Maden stake to Lidya Mines for 4.0% NSR, completes Americas refocus
SSR MINING INC.
- SSR Mining sells its 20% equity interest in Hod Maden to Lidya Mines for an uncapped 4.0% net smelter return royalty on 100% of the project.
- Total invested capital in Hod Maden was ~$243M; SSR resigns as operator with no further funding obligations.
- Royal Gold sells 15% of its Hod Maden interest to Lidya for a 2.5% NSR, with a call right to acquire 2.0% of SSR's NSR for $160M after commercial production.
- Transaction expected to close Q3 2026, subject to Turkish regulatory approval and other customary conditions.
- Sale, along with prior Çöpler sale and CC&V acquisition, completes SSR Mining's strategic refocus to an Americas-only platform.
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