SSR MINING INC. 8-K

What Happened

• SSR Mining Inc. announced it entered a binding Share Purchase Agreement on March 24, 2026 to sell its 80% ownership in the Çöpler mine (held through Alacer Gold Madencilik A.Ş.) to Cengiz Holding A.Ş. for $1.5 billion in cash (subject to customary adjustments). The agreement supersedes a March 3, 2026 memorandum of understanding and a news release was issued March 25, 2026.
• The transaction excludes SSRM’s Hod Maden development project. Closing is expected on or before July 22, 2026 and is subject to regulatory approval from the Turkish General Directorate of Mining and Petroleum Affairs and other required consents.

Key Details

• Purchase price: $1.5 billion payable in U.S. dollars at closing, with adjustments for certain cash, indebtedness, net working capital and other amounts owed to third parties.
• Escrow deposit: Cengiz Holding has deposited $100 million in escrow, which will be credited against the purchase price at closing or refundable in limited circumstances.
• Structure and docs: Sale is of all issued and outstanding shares of Alacer Gold Madencilik A.Ş.; the Purchase Agreement contains limited seller representations, customary termination rights, and contemplates a transition services agreement for post‑closing support.
• Filing exhibits: Share Purchase Agreement is filed as Exhibit 10.1 and the company’s press release as Exhibit 99.1 to the Form 8-K.

Why It Matters

• For investors, the deal would convert a major asset (80% of Çöpler) into substantial cash proceeds (subject to adjustments and regulatory approval), which may affect SSRM’s future production profile and balance sheet composition.
• The filing also notes material impairments related to the Transaction (Item 2.06), indicating there may be non‑cash charges or balance sheet impacts recorded as part of the sale process. Investors should watch for the final closing, regulatory outcomes, and any further financial disclosures (e.g., impairment amounts, use of proceeds, and impacts on future revenue/production).