TSX:SSRMMetals and Mining
SSR Mining Reshapes Portfolio With Copler Sale And Major Buyback Plan
SSR Mining (TSX:SSRM) has agreed to sell its 80% stake in the Copler gold mine in Turkey for US$1.5 billion in cash.
The deal will significantly reshape the company’s asset mix and reduce its exposure to Turkish operational and environmental risks.
SSR Mining also plans a share buyback of up to 10% of its public float over the next year, pending Board approval and TSX acceptance.
For investors watching TSX:SSRM, these moves come after a strong period for the share price, with the stock up...