SSR Mining Receives Approval for 21.5M Share Buyback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy SSRM?
Source: seekingalpha
- Buyback Program Approved: SSR Mining has received approval from the Toronto Stock Exchange to repurchase up to 21.5 million common shares over the next 12 months, representing approximately 10% of its total issued shares.
- Significant Funding: The buyback program has a budget of $300 million, reflecting the company's confidence in its stock value while providing potential returns for shareholders.
- Clear Timeline: The buyback will commence on March 31, 2026, and conclude on March 30, 2027, offering the market a clear expectation that may enhance investor confidence.
- Positive Market Reaction: Amid flat gold prices, SSR Mining's stock has shown strong performance, and the implementation of the buyback program is expected to further drive stock price increases, strengthening the company's competitive position in the gold and silver mining sector.
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Analyst Views on SSRM
Wall Street analysts forecast SSRM stock price to fall
7 Analyst Rating
3 Buy
3 Hold
1 Sell
Moderate Buy
Current: 26.450
Low
18.70
Averages
25.07
High
29.00
Current: 26.450
Low
18.70
Averages
25.07
High
29.00
About SSRM
SSR Mining Inc. and its subsidiaries is a precious metals mining company with four assets located in the United States, Turkiye, Canada and Argentina. The Company is primarily engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Turkiye and the Americas. The Company produces gold dore as well as copper, silver, lead and zinc concentrates. Its operations consist of four mine sites-Copler, located in Erzincan Province, Turkiye (Copler), Marigold, located in Nevada, United States (Marigold), Seabee, located in Saskatchewan, Canada (Seabee), and Puna, located in Jujuy Province, Argentina. The Company also participates in exploration and development activities at properties located in the United States, Argentina, Canada and Turkiye. The Copler Property is comprised of the Copler Mine, Greater Cakmaktepe Mine, and associated processing facilities. The Company also owns Cripple Creek & Victor gold mine.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SSR Mining Stock Soars Amid Gold Surge Following Major Asset Sale
- Gold Price Surge: Following President Trump's extension of the pause on U.S. attacks on Iran's energy facilities to April 6, gold prices rebounded from $4,100 to over $4,500 per ounce, marking a nearly 10% increase in just days, which directly boosted gold stocks, with SSR Mining's shares surging 17.5% by Friday morning.
- Major Asset Sale: On March 25, SSR Mining signed a definitive agreement to sell its 80% stake in the Copler gold mine in Turkey to Cengiz Holding for $1.5 billion in cash, with the transaction expected to close in Q3 2026, allowing the company to offload significant reclamation costs and geopolitical risks.
- Share Buyback Program: SSR Mining announced plans to repurchase up to 10% of its public float over the next year, a substantial buyback initiative that is expected to further drive up the stock price, as management believes the current price does not reflect the company's underlying value and future growth prospects.
- Improved Financial Position: The $1.5 billion cash infusion from the Copler sale will enhance SSR Mining's liquidity and reduce debt levels, with management planning to utilize these funds for share buybacks, demonstrating confidence in the company's long-term growth potential despite a nearly 24% decline in March.
See More
SSR Mining Stock Surges After Analyst Upgrades Price Target
- Analyst Upgrade: UBS analyst George Eadie raised SSR Mining's price target to $42, recommending investors buy at the current price around $27, forecasting over 56% profit for new investors within a year, indicating a strong buy signal.
- Gold Price Fluctuations: Although gold prices rose 3.4% today, they have fallen 13% since the onset of the Iran war, dropping from $5,248 to $4,564.60 per ounce, while SSR Mining's stock has declined 17% in the same period, reflecting market concerns about gold.
- Optimistic Long-Term Outlook: Wells Fargo predicts gold prices could rebound to between $6,100 and $6,300 per ounce by year-end, suggesting that the current depressed gold stock prices present a
See More
SSR Mining Announces Major Share Buyback Program
- Asset Sale Agreement: SSR Mining signed a definitive agreement to sell its 80% stake in the Copler gold mine to Turkey's Cengiz Holding for $1.5 billion in cash, with the deal expected to close in Q3 2026, aimed at alleviating geopolitical risks and refocusing on its core Americas operations.
- Cash Infusion: This transaction will inject $1.5 billion into SSR Mining, with management planning to reinvest these funds into business growth, thereby enhancing the company's financial flexibility and competitive position in the market.
- Share Buyback Program: SSR Mining announced a plan to repurchase up to 10% of its public float over the next year, reflecting management's confidence in the company's intrinsic value and potentially increasing earnings per share by reducing the number of shares outstanding.
- Stock Price Recovery: Following a nearly 10% surge in gold prices due to geopolitical factors, SSR Mining's stock rose 17.5% over the week, indicating market optimism about its future growth potential, despite a prior decline of nearly 24% in stock value.
See More
SSR Mining Stock Outlook Brightens Amid Gold Price Fluctuations
- Gold Price Fluctuations: Although gold prices rose 3.4% today, they have fallen 13% since before the Iran war, dropping from $5,248 to $4,564.60 per ounce, indicating market uncertainty that may affect investor confidence.
- SSR Mining Stock Surge: Following UBS analyst George Eadie's price target increase to $42, SSR Mining's stock jumped 8.5% by Friday morning, reflecting optimistic market sentiment regarding its future growth potential.
- Investment Opportunity Emerges: Priced under $27, Eadie forecasts that new investors could see over 56% profit within a year, suggesting the current stock price is undervalued and attracting investor interest.
- Long-Term Growth Expectations: Wells Fargo predicts gold prices could rebound to between $6,100 and $6,300 per ounce by year-end, combined with SSR Mining's projected 16.5% annual earnings growth over the next five years, further enhancing the stock's investment appeal.
See More
SSR Mining Receives Approval for 21.5M Share Buyback
- Buyback Program Approved: SSR Mining has received approval from the Toronto Stock Exchange to repurchase up to 21.5 million common shares over the next 12 months, representing approximately 10% of its total issued shares.
- Significant Funding: The buyback program has a budget of $300 million, reflecting the company's confidence in its stock value while providing potential returns for shareholders.
- Clear Timeline: The buyback will commence on March 31, 2026, and conclude on March 30, 2027, offering the market a clear expectation that may enhance investor confidence.
- Positive Market Reaction: Amid flat gold prices, SSR Mining's stock has shown strong performance, and the implementation of the buyback program is expected to further drive stock price increases, strengthening the company's competitive position in the gold and silver mining sector.
See More
SSR Mining Sells Turkish Asset for $1.5 Billion
- Asset Sale Agreement: SSR Mining has signed a definitive agreement to sell its 80% stake in the Çöpler mine and related assets to Turkey's Cengiz Holding for $1.5 billion, fully in cash, demonstrating the company's commitment to strategic asset restructuring.
- Positive Market Reaction: Following the announcement, SSR Mining's shares surged nearly 7%, indicating investor confidence in the company's strategic shift and reflecting optimism in the precious metals sector.
- Strategic Focus on Americas: This transaction is part of SSR Mining's strategy to reduce its international footprint and concentrate on operations in the Americas, with plans to reinvest the proceeds into the business, capital returns, and accretive growth initiatives, enhancing future competitiveness.
- Regulatory Approval Pending: The deal is subject to approval from relevant regulatory bodies and is expected to close in the third quarter of this year; if completed successfully, it will positively impact SSR Mining's financial position.
See More
SSR Mining Stock Soars Amid Gold Surge Following Major Asset Sale
- Gold Price Surge: Following President Trump's extension of the pause on U.S. attacks on Iran's energy facilities to April 6, gold prices rebounded from $4,100 to over $4,500 per ounce, marking a nearly 10% increase in just days, which directly boosted gold stocks, with SSR Mining's shares surging 17.5% by Friday morning.
- Major Asset Sale: On March 25, SSR Mining signed a definitive agreement to sell its 80% stake in the Copler gold mine in Turkey to Cengiz Holding for $1.5 billion in cash, with the transaction expected to close in Q3 2026, allowing the company to offload significant reclamation costs and geopolitical risks.
- Share Buyback Program: SSR Mining announced plans to repurchase up to 10% of its public float over the next year, a substantial buyback initiative that is expected to further drive up the stock price, as management believes the current price does not reflect the company's underlying value and future growth prospects.
- Improved Financial Position: The $1.5 billion cash infusion from the Copler sale will enhance SSR Mining's liquidity and reduce debt levels, with management planning to utilize these funds for share buybacks, demonstrating confidence in the company's long-term growth potential despite a nearly 24% decline in March.
See More
SSR Mining Stock Surges After Analyst Upgrades Price Target
- Analyst Upgrade: UBS analyst George Eadie raised SSR Mining's price target to $42, recommending investors buy at the current price around $27, forecasting over 56% profit for new investors within a year, indicating a strong buy signal.
- Gold Price Fluctuations: Although gold prices rose 3.4% today, they have fallen 13% since the onset of the Iran war, dropping from $5,248 to $4,564.60 per ounce, while SSR Mining's stock has declined 17% in the same period, reflecting market concerns about gold.
- Optimistic Long-Term Outlook: Wells Fargo predicts gold prices could rebound to between $6,100 and $6,300 per ounce by year-end, suggesting that the current depressed gold stock prices present a
See More
SSR Mining Announces Major Share Buyback Program
- Asset Sale Agreement: SSR Mining signed a definitive agreement to sell its 80% stake in the Copler gold mine to Turkey's Cengiz Holding for $1.5 billion in cash, with the deal expected to close in Q3 2026, aimed at alleviating geopolitical risks and refocusing on its core Americas operations.
- Cash Infusion: This transaction will inject $1.5 billion into SSR Mining, with management planning to reinvest these funds into business growth, thereby enhancing the company's financial flexibility and competitive position in the market.
- Share Buyback Program: SSR Mining announced a plan to repurchase up to 10% of its public float over the next year, reflecting management's confidence in the company's intrinsic value and potentially increasing earnings per share by reducing the number of shares outstanding.
- Stock Price Recovery: Following a nearly 10% surge in gold prices due to geopolitical factors, SSR Mining's stock rose 17.5% over the week, indicating market optimism about its future growth potential, despite a prior decline of nearly 24% in stock value.
See More
SSR Mining Stock Outlook Brightens Amid Gold Price Fluctuations
- Gold Price Fluctuations: Although gold prices rose 3.4% today, they have fallen 13% since before the Iran war, dropping from $5,248 to $4,564.60 per ounce, indicating market uncertainty that may affect investor confidence.
- SSR Mining Stock Surge: Following UBS analyst George Eadie's price target increase to $42, SSR Mining's stock jumped 8.5% by Friday morning, reflecting optimistic market sentiment regarding its future growth potential.
- Investment Opportunity Emerges: Priced under $27, Eadie forecasts that new investors could see over 56% profit within a year, suggesting the current stock price is undervalued and attracting investor interest.
- Long-Term Growth Expectations: Wells Fargo predicts gold prices could rebound to between $6,100 and $6,300 per ounce by year-end, combined with SSR Mining's projected 16.5% annual earnings growth over the next five years, further enhancing the stock's investment appeal.
See More
SSR Mining Receives Approval for 21.5M Share Buyback
- Buyback Program Approved: SSR Mining has received approval from the Toronto Stock Exchange to repurchase up to 21.5 million common shares over the next 12 months, representing approximately 10% of its total issued shares.
- Significant Funding: The buyback program has a budget of $300 million, reflecting the company's confidence in its stock value while providing potential returns for shareholders.
- Clear Timeline: The buyback will commence on March 31, 2026, and conclude on March 30, 2027, offering the market a clear expectation that may enhance investor confidence.
- Positive Market Reaction: Amid flat gold prices, SSR Mining's stock has shown strong performance, and the implementation of the buyback program is expected to further drive stock price increases, strengthening the company's competitive position in the gold and silver mining sector.
See More
SSR Mining Sells Turkish Asset for $1.5 Billion
- Asset Sale Agreement: SSR Mining has signed a definitive agreement to sell its 80% stake in the Çöpler mine and related assets to Turkey's Cengiz Holding for $1.5 billion, fully in cash, demonstrating the company's commitment to strategic asset restructuring.
- Positive Market Reaction: Following the announcement, SSR Mining's shares surged nearly 7%, indicating investor confidence in the company's strategic shift and reflecting optimism in the precious metals sector.
- Strategic Focus on Americas: This transaction is part of SSR Mining's strategy to reduce its international footprint and concentrate on operations in the Americas, with plans to reinvest the proceeds into the business, capital returns, and accretive growth initiatives, enhancing future competitiveness.
- Regulatory Approval Pending: The deal is subject to approval from relevant regulatory bodies and is expected to close in the third quarter of this year; if completed successfully, it will positively impact SSR Mining's financial position.
See More
