Canadian miner SSR Mining SSRM-T 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 SSRM-Q rose 7.3 per cent in 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.