A precious-metals mining company headquartered in Denver, Colorado, SSR Mining digs gold, silver, copper, lead, and zinc from mines in the US and Canada, selling to refineries and smelters worldwide. Its roots go back to 1946, when it was founded as Silver Standard Mines Limited, renaming itself SSR Mining in 2017 as gold took over its portfolio. Its Nevada Marigold mine, opened in 1989 with an expected life of just eight years, is still running and passed its five-millionth ounce of gold in 2024.
SSR Mining enters $600M senior secured revolving credit facility
On July 31, 2026, SSR Mining Inc. entered into a Second Amended and Restated Credit Agreement with a syndicate of lenders led by The Bank of Nova Scotia as administrative agent.
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The new credit facility provides aggregate commitments of $600.0 million, up from the $400.0 million under the prior agreement, and matures on July 31, 2030.
Borrowings can be in U.S. or Canadian dollars with interest margins ranging from 1.75% to 2.50% for CORRA/SOFR loans and 0.75% to 1.50% for prime/base rate loans, based on the Company's Net Leverage Ratio.
Key amendments include increasing the investment basket to $400.0 million, raising the capital lease/purchase money lien limit to $200.0 million, and setting financial covenants (Interest Coverage 3.00x, Net Leverage 4.00x, Senior Secured Leverage 3.00x) while Permitted Notes are outstanding.
The facility is secured by substantially all of the Company's and material subsidiaries' personal property and contains customary covenants and events of default.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
SSR Mining completes $1.49 billion sale of Çöpler mine stake to Cengiz Holding
SSR Mining Inc. completed the sale of its 80% ownership interest in the Çöpler mine and related properties in Türkiye to Cengiz Holding A.Ş. and affiliates on June 24, 2026.
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The purchase price was approximately $1.49 billion in cash, after working capital adjustments, under a Share Purchase Agreement dated March 24, 2026.
The transaction was structured through SSR's subsidiary Alacer Gold Corp. S.à r.l., with Cengiz Holding assigning rights to İkonik Maden A.Ş.
Pro forma financial statements show the divestiture's impact, including a $338.2 million write-down of Çöpler to fair value less costs to sell recorded in Q1 2026.
Estimated transaction costs of approximately $5.0 million were reflected, with about $1.9 million incurred in Q1 2026.
2.01 Completion of Acquisition or Disposition of Assets · 9.01 Financial Statements and Exhibits
SSR Mining sells 20% Hod Maden stake for 4.0% NSR royalty
SSR Mining agreed to sell its 20% equity interest and operatorship in the Hod Maden project to Lidya Mines for an uncapped 4.0% net smelter return royalty on 100% of the project.
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Royal Gold will sell 15% of its ownership interest to Lidya Mines for an uncapped 2.5% NSR, with similar terms to SSR Mining's royalty.
Royal Gold holds a fixed price call right to acquire 2.0% of SSR Mining's NSR for $160 million, expiring 12 months after commercial production declaration.
SSR Mining's total invested capital in Hod Maden is approximately $243 million; it will resign as operator and have no further funding obligations.
The transaction is expected to close in Q3 2026, subject to regulatory approval from the Turkish General Directorate of Mining and Petroleum Affairs and other conditions.
8.01 Other Events · 9.01 Financial Statements and Exhibits
SSR Mining signs $1.5B agreement to sell 80% stake in Çöpler mine to Cengiz Holding
The transaction excludes SSR Mining's interests in the Hod Maden development project.
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SSR Mining entered a share purchase agreement on March 24, 2026, to sell its 80% interest in the Çöpler mine and related properties in Türkiye to Cengiz Holding for $1.5 billion in cash.
Closing is expected on or before July 22, 2026, subject to regulatory approval from the Turkish General Directorate of Mining and Petroleum Affairs and other customary conditions.
Cengiz Holding deposited $100 million in escrow, which will be credited against the purchase price at closing or refundable in limited circumstances.
SSR Mining expects a non-cash impairment charge of approximately $310 million to $340 million in the quarter ending March 31, 2026, and will classify Çöpler as held for sale and discontinued operations.
1.01 Entry into a Material Definitive Agreement · 2.06 Material Impairments · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
SSR Mining agrees to sell 80% Çöpler stake to Cengiz Holding for $1.5B cash
Cengiz Holding will pay a $100 million deposit within ten business days, creditable against the purchase price or refundable in limited circumstances.
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SSR Mining entered a binding MoU on March 3, 2026, to sell its 80% interest in the Çöpler mine and related Türkiye properties to Cengiz Holding for $1.5 billion in cash.
The transaction excludes SSR Mining's interests in the Hod Maden development project.
Closing is expected in Q3 2026, subject to regulatory approval from the Turkish General Directorate of Mining and Petroleum Affairs and other conditions.
Proceeds are expected to fund reinvestment, capital returns, and growth initiatives; SSR Mining is also reviewing its remaining Türkiye platform.
1.01 Entry into a Material Definitive Agreement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits