SSR Mining has agreed to sell its 80 percent interest in the Copler gold mine and related assets in Turkey to Cengiz Holding for $1.5 billion in cash, marking a major strategic shift toward focusing its operations in the Americas.
The transaction covers all mining licences, infrastructure, rights and liabilities associated with SSR Mining’s operations at Copler in eastern Anatolia. The company announced that its shares rose approximately 15 percent in pre-market trading in New York following the announcement.
SSR Mining suspended operations at the Copler mine in 2024 after a landslide at the heap leach facility left at least nine miners missing. An independent investigation later determined that a design flaw in third-party engineering work was the most likely cause of the failure, prompting a broader review of the asset and its operational risks.
Executive chairman Rod Antal said the divestment forms part of a broader strategy to reposition the company’s portfolio geographically. The move follows SSR Mining’s acquisition of the Cripple Creek & Victor gold mine in the United States and reflects a renewed focus on assets in the Americas.
The company added that it is also reviewing its remaining presence in Turkey, including its 20 percent stake in the Hod Maden development project.
Completion of the Copler transaction with Cengiz Holding is expected in the third quarter of 2026, subject to customary approvals and closing conditions.
