SSR Mining to Divest 80% of Çopler Gold Mine to Cengiz Holding in $1.5B Deal
Mining News | 2026-03-05 06:50:39
SSR Mining added that it is also reviewing its remaining assets in Turkey, including its 20% earned interest in the Hod Maden Project development project.
By Paul Ploumis
SEATTLE (Scrap Monster): SSR Mining has agreed to sell its majority stake in the Çopler Gold Mine for $1.5 billion in cash, marking a strategic shift toward an Americas-focused portfolio as global gold prices surge amid geopolitical tensions.
The Denver-based miner signed a binding memorandum of understanding to divest its 80% interest in the Turkish operation to Cengiz Holding. The full purchase price will be paid in cash at closing, which is expected in the third quarter of 2026, subject to regulatory approvals and customary conditions.
ALSO READ:
Barrick Secures 10-Year Permit Renewal for Luolo Gold Mine in Mali
WGC: Global Gold Mine Output Near Record Highs Despite Price Surge
Executive Chairman Rod Antal said the company has worked over the past two years to prepare the Çopler mine for a safe restart while coordinating closely with Turkish authorities to secure the necessary operational approvals.
SSR Mining added that it is also reviewing its remaining assets in Turkey, including its 20% earned interest in the Hod Maden Project development project.
The transaction follows SSR Mining’s 2025 acquisition of the Cripple Creek & Victor Mine, reinforcing its strategy to concentrate operations in the Americas.
Gold prices have rallied strongly as escalating tensions in the Middle East and concerns involving Iran drive investors toward traditional safe-haven assets, adding momentum to sector deal activity.
POLL
Do you think mining companies will continue shifting assets toward politically stable regions?
Frequently Asked Questions
- Why is SSR Mining selling the Çöpler mine stake?
The sale aligns with the company’s strategy to focus on gold assets in the Americas and streamline its global portfolio.
- Who is acquiring the stake in the Çöpler mine?
Cengiz Holding will purchase the 80% interest in the Turkish gold mine.
- When is the transaction expected to close?
The deal is expected to be finalized in the third quarter of 2026, pending regulatory approvals.
