Canada's SSR Mining to sell stake in Turkey's Copler mine for $1.5 billion
ReutersMar 4, 2026 12:32 PM
March 4 (Reuters) - Canada's SSR Mining SSRM.TO said on Wednesday it had entered a binding memorandum of understanding to sell its 80% stake in Turkey's Copler mine to Cengiz Holding A.S. for $1.5 billion.
U.S.-listed shares of SSR Mining rose 7.3% premarket following the news.
The gold miner said it was also conducting a review of its remaining platform in Turkey, including a 20% interest in the Hod Maden development project.
SSR Mining had suspended operations at the Copler mine in 2024 after a landslide left at least nine miners missing, following which the company conducted a review of the mine.
The transaction with Cengiz is expected to close in the third quarter of 2026.
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