SSR Mining to sell 80% stake in Çöpler mine for $1.5B cash to Cengiz Holding

SSR MINING INC.

Sells 80% interest in Çöpler mine (Türkiye) for $1.5B cash to Cengiz Holding; excludes Hod Maden project.
Cengiz Holding to pay $100M deposit; reciprocal $50M break fee; closing expected Q3 2026.
Proceeds to be used for reinvestment, capital returns, and growth initiatives; portfolio repositioned to Americas.
Transaction subject to Turkish Mining Directorate approval and limited due diligence; no financing condition.
Fairness opinion from CIBC World Markets; Allen Overy Shearman Sterling as legal advisors.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SSR MINING INC. entered into MoU with Cengiz Holding A.S. valued at $1.5 billion (effective 2026-03-03).

Action: entry
Counterparty: Cengiz Holding A.S.
Value: $1.5 billion
Effective: 2026-03-03

Exact text from the filing

On March 3, 2026, SSR Mining Inc., a British Columbia corporation (the “Company”), entered into a binding memorandum of understanding (the “MoU”) with Cengiz Holding A.S. (“Cengiz Holding”) to sell its 80% ownership interest in the Çöpler mine and related properties in Türkiye (collectively, “Çöpler”) for $1.5 billion (the “Purchase Price”) in cash (the “Transaction”).

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Source: SEC EDGAR

accession 0000947871-26-000228

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