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#Çöpler divestment

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·黄金矿业 ·内部研究

SSR Mining: Cash-Rich After the Çöpler Exit, With the Real Test Still Ahead

SSR Mining is an Americas-focused gold-and-silver producer running four mines (Marigold, Cripple Creek & Victor, Seabee, Puna), guiding 450,000–535,000 gold-equivalent ounces for 2026 after completing its exit from Türkiye. The June 24, 2026 Çöpler sale converted the portfolio's biggest source of risk into about 1.49 billion USD of cash, implying at least roughly 1.82 billion USD pro forma, yet at 30.31 USD the stock already prices in much of the de-risking while the larger capital-allocation test is still ahead. Rating Hold: the balance sheet is far better after Çöpler, but the current price discounts much of that cleanup before redeployment is fully proven.

Hold