SSR Mining Company (NASDAQ/TSX: SSRM) announced that it has closed the sale of its 20% stake in the Mudon Basin development project. The Hod Maden Project is a high-grade underground gold and copper development project located in the East Pontides mineral belt in northeastern Türkiye.
At closing, SSR Mining received a 4.0% net smelter royalty (NSR) interest on 100% of the project.
The 4.0% Hod Maden NSR project enhances SSR Mining’s existing equity portfolio, which currently includes NSRs at the San Luis Project (4.0%) owned by Highlander Silver, the Pitarrilla Project (1.25%) owned by Endeavor Silver, the Rowan Property (3.0%) owned by West Red Lake Gold, and the Sunrise Lake Property (4.0%) owned by Honey Badger Silver.
The closing of the transaction, along with the previously announced exit of the Kubler mine in Turkey, completes SSR Mining’s strategic refocus towards a free cash flow driving Americas gold and silver producer, anchored by its longstanding US operations.
SSR Mining is a free cash flow focused gold and silver miner and the third largest gold producer in the United States. SSR Mining has a diversified portfolio of operating, development and exploration assets throughout the Americas, including four operating mines in the USA, Canada and Argentina. In 2026, SSR Mining is expected to produce between 450,000 and 535,000 gold equivalent ounces. The company is headquartered in Denver, Colorado and is listed under the ticker symbol SSRM on the Nasdaq Stock Market and the Toronto Stock Exchange.
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