SSR Mining Inc. closed the sale of its 20% equity interest in the Hod Maden development project in Türkiye. The company received an uncapped 4.0% net smelter return royalty on the entire project in exchange. This transaction expands SSR Mining's existing portfolio of mining royalties.
The sale completes a strategic pivot toward gold and silver production in the Americas. This move follows the recent divestment of the Çöpler mine. The company aims to maximize free cash flow from its remaining core operations.
SSR Mining now operates four primary mines. These assets are located across the United States, Canada, and Argentina.