Canada’s SSR Mining said on Wednesday it had entered a binding memorandum of understanding to sell its 80 per cent stake in Turkey’s Copler mine to Cengiz Holding A.S. for US$1.5 billion.
U.S.-listed shares of SSR Mining rose 7.3 per cent premarket following the news.
The gold miner said it was also conducting a review of its remaining platform in Turkey, including a 20 per cent 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.
(Reporting by Varun Sahay in Bengaluru; Editing by Shreya Biswas)
