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SSRM News
SSRM Events
SSR Mining Acquires Roxmore Resources in $464M Deal
SSR Mining has entered into a definitive agreement to acquire all of the issued and outstanding shares of Roxmore Resources. Roxmore's Converse Gold Project is located 6 kilometers west of SSR Mining's Marigold Complex in Nevada. Developing Converse as a contiguous asset to Marigold is expected to create opportunities for an expanded production profile in Nevada and deliver more than $200M in life-of-mine synergies. Roxmore shareholders will receive C$6.75 per Roxmore common share in cash consideration. Roxmore shareholders will also receive common shares of a newly created gold exploration company. SpinCo will be funded with $10M in cash and will be owned 85.01% by former Roxmore shareholders and 14.99% by SSR Mining and be led by key members of Roxmore's current management team. The fully-diluted in-the-money equity value of the transaction is estimated to be approximately $464M and enterprise value of $392M. SSR Mining will fund the cash component of the consideration from the company's current balance sheet. Roxmore's 2026 mineral resource estimate included 103M tons of Indicated resources at 0.65 g/t containing 2.2 million ounces of gold and 218 million tons of Inferred resources at 0.43 g/t containing 3.0 million ounces of gold. Converse has the potential to add 150K-170K ounces of gold production annually over an estimated 10+ year mine life with initial production targeted for 2033. Estimated initial capital for construction is $800M-$900M with no material capital spend expected until the early 2030s. SSR Mining has the potential to produce 350K-400K ounces of annual gold production from the USA through the 2030s. Marigold has been in operation since 1989. The transaction is expected to be accretive to key per share metrics including NAV and gold Mineral Resources.
SSR Mining Reports Q2 Revenue of $443.8M, Below Consensus
Reports revenue $443.8M, consensus $463.97M. Second quarter 2026 production was 101,959 gold equivalent ounces at consolidated cost of sales of $1,775 per payable ounce and all-in sustaining costs of $2,622 per payable ounce. Rod Antal, Executive Chairman of SSR Mining, said, "We have now completed the strategic repositioning of our business to the Americas. Anchored by our long-lived Marigold and CC&V operations in the USA, our focus on delivering sustainable free cash flow and best-in-class capital returns is a clear differentiator amongst the peer group. Operationally, our second quarter results were aligned with our expectations and have the business tracking well against full-year production guidance targets. As we have stated throughout the year, we expect a stronger second half of production and free cash flow across the portfolio. I am pleased with SSR Mining's current strategic position. We are actively returning capital to shareholders through continued buybacks and our reinstated dividend program, while delivering strong operating results and advancing organic growth initiatives to extend the mine lives at each of our operations. I look forward to a strong finish to 2026 as we reinforce our position as a leading mid-cap gold producer."
SSR Mining Closes Sale of 20% Stake in Hod Maden Project
SSR Mining closed the sale of its 20% ownership stake in the Hod Maden development project. At closing, SSR Mining received an uncapped 4.0% net smelter return royalty on 100% of the Project. The 4.0% Hod Maden NSR strengthens SSR Mining's existing royalty portfolio, which currently includes NSRs on the San Luis project owned by Highlander Silver, the Pitarrilla project owned by Endeavour Silver, the Rowan property owned by West Red Lake Gold, and the Sunrise Lake property owned by Honey Badger Silver. The Transaction closing, together with the previously announced divestment of the Copler mine in Turkiye, completes SSR Mining's strategic refocus to a free cash flow leading Americas gold and silver producer anchored by its long-lived operations in the United States.
SSR Mining Approves Additional $500M Share Repurchase
SSR Mining announced that its Board of Directors has approved an additional $500M for share repurchases and the reinstatement of a regular quarterly dividend as part of the company's ongoing capital returns program. Rod Antal, Executive Chairman of SSR Mining said, "These additional capital returns build on the $774 million we have returned to shareholders since 2021, including $300 million in share repurchases completed in the second quarter of 2026. Year-to-date, our shareholder returns already represent a yield of approximately 5%, before giving effect to the additional $500 million authorization for share repurchases and the reinstatement of a quarterly dividend announced today. Together, these actions reinforce SSR Mining's disciplined approach to capital allocation and commitment to delivering value to shareholders."
SSR Mining Enters Agreement to Sell 20% Stake to Lidya Mines
SSR Mining announces that it has entered into a definitive agreement with Lidya Mines to sell its 20% ownership stake and its operatorship position in the Hod Maden development project for an uncapped 4.0% net smelter return royalty, or NSR, on 100% of the Project. The royalty consideration received by SSR Mining is expected to deliver an accretive outcome for shareholders. Concurrently with the Transaction, Royal Gold, which is a partner in the Project, will sell 15% of its ownership interest in the Project to Lidya Mines in exchange for an uncapped 2.5% NSR on 100% of the Project. Royal Gold's 2.5% NSR will be issued with substantially the same key terms as the 4.0% NSR issued to SSR Mining. Royal Gold will also hold a fixed price call right to acquire 2.0% of the NSR from SSR Mining for $160M, expiring 12 months following declaration of commercial production at the Project. Additionally, Royal Gold will hold a consent right on the sale of SSR Mining's NSR prior to January 1, 2028, and a right of first refusal in connection with any sale of the SSR Mining NSR. Upon entering into the agreements related to the Transaction, Lidya Mines will become operator of the Project. Upon closing of the Transaction, Lidya Mines will own 85% and Royal Gold will own 15% of the Project. SSR Mining's total invested capital into Hod Maden, inclusive of upfront acquisition cost, earn-in and capital spend to date is approximately $243M. With the announcement of this Transaction, SSR Mining will resign as project operator and will have no further funding obligations, with such obligations being assumed by Lidya Mines. The Transaction will be completed on an as-is, where-is basis and SSR Mining will not provide any material post-closing indemnities. The Transaction is expected to close in the Q3. The closing of the Transaction will be subject to receipt of regulatory approval from the Turkish General Directorate of Mining and Petroleum Affairs, as well as other consents and approvals that may be required in connection with the Transaction, and other customary conditions.
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