$SSRM.TO

Update: SSR Mining Announces Additional $500 Million Share Buyback and Reinstatement of Quarterly Dividend

(Adds after-hours Nasdaq trading in final paragraph.)SSR Mining (SSRM.TO, SSRM) after the close Monday approved an additional $500 million for share repurchases and the reinstatement of a regular quarterly dividend as part of the company's ongoing capital returns program.These additional capital returns build on the $774 million that SSR has returned to shareholders since 2021, including $300 million in share repurchases completed in the second quarter of 2026, said executive chair Rod Antal."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," added Antal.SSR said it is in a strong financial position, supported by ongoing free cash flow generation, a robust balance sheet, and the anticipated closing of the sale of the Copler mine for $1.5 billion in cash, which remains on track to close before the end of the third quarter.Its board anticipates declaring the first quarterly cash dividend of $0.03 per common share in conjunction with the company's second quarter 2026 financial results. Annualized, the $0.12 per common share dividend provides a strong baseline of consistent capital returns to supplement the share buyback program, SSRM said.Shares of the company were last seen up US$0.59 to US$29.53 after hours. They closed up $2.37 at $40.45 on Toronto Stock Exchange.

SSR Mining SSR Announces Additional $500 Million Share Buyback and Reinstatement of Quarterly Dividend

SSR Mining (SSRM.TO, SSRM) after the close Monday approved an additional $500 million for share repurchases and the reinstatement of a regular quarterly dividend as part of the company's ongoing capital returns program.These additional capital returns build on the $774 million that SSR has returned to shareholders since 2021, including $300 million in share repurchases completed in the second quarter of 2026, said executive chair Rod Antal."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," added Antal.SSR said it is in a strong financial position, supported by ongoing free cash flow generation, a robust balance sheet, and the anticipated closing of the sale of the Copler mine for $1.5 billion in cash, which remains on track to close before the end of the third quarter.Its board anticipates declaring the first quarterly cash dividend of $0.03 per common share in conjunction with the company's second quarter 2026 financial results. Annualized, the $0.12 per common share dividend provides a strong baseline of consistent capital returns to supplement the share buyback program, SSRM said.Shares of the company closed up $2.37 at $40.45 on Toronto Stock Exchange.

SSR Mining Announcing Additional US$500 Million Share Buyback and Reinstatement of Quarterly Dividend

RBC Precious Metals Price Target Changes Brief: Equinox To US$17 From $23; GMining To C$54 From $65; IAMGOLD T US$22 From $30; SSR Mining To US$40 From $45

RBC Precious Metals Price Target Changes Brief: Equinox To US$17 From $23; GMining To C$54 From $65; IAMGOLD T US$22 From $30; SSR Mining To US$40 From $45

SSR Mining Upgraded to Outperform at RBC

SSR Mining Inc. (SSRM.TO, SSRM) was upgraded to Outperform from Sector Perform at RBC Capital Markets on Wednesday.Analyst Josh Wolfson lowered his price target on shares of the Denver-based mining company to US$40 from US$45."Rising prices and cash flow from the portfolio limit downside even as we continue to model no value/production for SSRM's Turkish assets," Wolfson said in a note to clients."Despite the higher cash flow and potential upside from the rest of the portfolio, however, we think investors need more clarity on the outcome in Turkey pending the potential sale of Copler in 3Q and strategic review of Hod Maden," the analyst said.

CIBC Revises Earnings Estimate for SSR Mining After Hod Maden Stake Sale

CIBC Capital Markets on Tuesday revised its 2027 adjusted earnings estimate for SSR Mining (SSRM.TO, SSRM) to reflect the miner's sale of its interest in the Hod Maden operation in Turkey.CIBC trimmed the 2027 adjusted earnings forecast for SSR to US$8.06 from US$8.21 previously, while retaining the 2026 estimate of US$5.36 per share.SSR agreed to sell its 20% stake in the mine to joint venture partner Lidya Mines in exchange for a 4% net smelter royalty (NSR), as SSR shifted its focus to its assets in the U.S., Canada and Argentina.CIBC expects SSR shares to continue to re-rate higher following the transaction. The SSR royalty was worth US$320 million while the 20% stake had an estimated value of US$387 million, CIBC said."We believe the royalty interest should be better rewarded by the market given the benefits of an NSR, including more resilience against cost inflation and other risk, CIBC said."Furthermore, SSR Mining reminded investors of the other royalties already in its portfolio ... all of which together have a value calculating to US$165 million; a value that we believe is likely overlooked by the market and may not be included in many analyst models," CIBC added.Price: $42.31, Change: $+1.58, Percent Change: +3.88%

RBC Capital Markets Maintains SSR Mining's Sector Perform Rating, US$45 Price Target

RBC Capital Markets gave SSR Mining (SSRM.TO) a sector perform rating with a price target of US$45 after the company agreed to sell its 20% ownership stake in Hod Maden to Lidya Mines.In exchange, SSR will receive a 4.0% net smelter return royalty. Royal Gold has the option to purchase 2.0% of this royalty for $160 million until 12 months after commercial production.RBC projects the net impact of the transaction could reduce SSR's fair market value by a modest 1%, while it could reduce corporate net asset value by 4%.Still, the transaction enables SSR to fully exit Turkey as an operating jurisdiction, completing the company's strategic refocus to become an Americas-only operating platform.This is partly offset by a lingering interest in Hod Maden and no immediate cash flow from the sale.RBC had valued SSR's stake in Hod Maden based on a projected 40% ownership post earn-in, valued at an in-situ $531 million. In comparison, the value of SSR's new 4.0% NSR would represent $238 million.SSR at last look fell 6.7% to C$40.32 per share in Toronto Stock Exchange trading on Tuesday.Price: $40.39, Change: $-2.82, Percent Change: -6.53%

SSR Mining Agrees to Sell 20% Equity Stake in Hod Maden

SSR Mining (SSRM.TO) has agreed to sell its 20% ownership stake and its operatorship position in the Hod Maden development project to Lidya Mines for an uncapped 4.0% net smelter return royalty on 100% of the project, the company said in a Monday release.Concurrently with the transaction, Royal Gold, which is a partner in the project, will sell 15% of its ownership interest to Lidya Mines in exchange for an uncapped 2.5% NSR on 100% of the project.Royal Gold will also hold a fixed price call right to acquire 2.0% of the NSR from SSR for $160 million, expiring 12 months following declaration of commercial production at the project.Royal Gold will also hold a consent right on the sale of SSR's NSR prior to Jan. 1, 2028, and a right of first refusal in connection with any sale of the SSR NSR.Upon entering into the agreements, Lidya Mines will become operator of the project. At deal closing, 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 $243 million. With the announcement of this deal, SSR Mining will resign as project operator and will have no further funding obligations, as Lidya Mines assumes these obligations.The transaction is expected to close in the third quarter of 2026, subject to receipt of regulatory approval from the Turkish General Directorate of Mining and Petroleum Affairs, other required consents and approvals and other customary conditions.The transaction, along with the sale of the Copler mine in Turkiye and acquisition of the Cripple Creek and Victor Mine in Colorado, completes SSR's strategic refocus to an Americas platform.

SSR Mining Target Raised To C$67 From $59, Keeps Outperform at National Bank On "The Making of a Fortress Balance Sheet"