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SSR Mining Inks Deal to Sell Its Interests in Hod Maden Project
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Key Takeaways
SSR Mining agreed to sell its 20% Hod Maden stake for an uncapped 4.0% NSR royalty.
SSRM said that the Hod Maden deal aligns with its strategic shift toward an Americas platform.
Royal Gold will retain 15% in Hod Maden, while Lidya Mines will operate the project with 85%.
SSR Mining Inc. (SSRM - Free Report) announced that it inked a definitive agreement with Lidya Mines to sell its 20% stake in the Hod Maden development project in northeastern Türkiye. Along with SSRM’s recently announced sale of the Çöpler mine, this transaction is consistent with SSR Mining's strategic refocusing toward an Americas platform.
SSRM’s recent strategic actions position it as a leading free cash flow, capital return-focused producer in the United States.
Details of SSR Mining’s Deal to Sell Hod Maden Stakes
SSRM will sell its stake in exchange for an uncapped 4.0% Net Smelter Return (“NSR”) royalty on 100% of the project, which is expected to be accretive for shareholders.
SSRM’s partner in the project, Royal Gold, Inc. (RGLD - Free Report) , also inked a deal to sell 15% of its stake to Lidya Mine for an uncapped 2.5% NSR on 100% of the project. Royal Gold will hold a fixed-price call option to buy a 2% NSR royalty from SSR Mining for $160 million. Post the transaction, Lidya Mines will operate the project with an 85% stake and Royal Gold will own a 15% stake.
This new NSR will bolster SSR Mining’s current royalty portfolio. The company's existing assets already include NSR royalties on Highlander Silver's San Luis project (4.0%), Endeavour Silver's Pitarrilla project (1.25%), West Red Lake Gold's Rowan property (3.0%) and Honey Badger Silver's Sunrise Lake property (4.0%).
SSRM Stock Price Performance
The SSRM stock has appreciated a whopping 183.2% in a year compared with the industry’s return of 54.2%. Meanwhile, the Zacks Basic Materials sector and the S&P 500 have rallied 41.4% and 30.5%, respectively.
Image Source: Zacks Investment Research
SSR Mining’s Zacks Rank & Other Stocks to Consider
Albemarle has an average trailing four-quarter earnings surprise of 74.5%. The Zacks Consensus Estimate for the company’s 2026 earnings is pegged at $12.45 per share, indicating year-over-year growth from a loss of 79 cents. ALB shares have skyrocketed 201% so far this year.
Avino Silver has an average trailing four-quarter earnings surprise of 125%. The Zacks Consensus Estimate for Avino Silver’s 2026 earnings is pegged at 39 cents per share, indicating 34.5% year-over-year growth. Its shares soared 141% in a year.
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SSR Mining Inks Deal to Sell Its Interests in Hod Maden Project
Key Takeaways
SSR Mining Inc. (SSRM - Free Report) announced that it inked a definitive agreement with Lidya Mines to sell its 20% stake in the Hod Maden development project in northeastern Türkiye. Along with SSRM’s recently announced sale of the Çöpler mine, this transaction is consistent with SSR Mining's strategic refocusing toward an Americas platform.
SSRM’s recent strategic actions position it as a leading free cash flow, capital return-focused producer in the United States.
Details of SSR Mining’s Deal to Sell Hod Maden Stakes
SSRM will sell its stake in exchange for an uncapped 4.0% Net Smelter Return (“NSR”) royalty on 100% of the project, which is expected to be accretive for shareholders.
SSRM’s partner in the project, Royal Gold, Inc. (RGLD - Free Report) , also inked a deal to sell 15% of its stake to Lidya Mine for an uncapped 2.5% NSR on 100% of the project. Royal Gold will hold a fixed-price call option to buy a 2% NSR royalty from SSR Mining for $160 million. Post the transaction, Lidya Mines will operate the project with an 85% stake and Royal Gold will own a 15% stake.
This new NSR will bolster SSR Mining’s current royalty portfolio. The company's existing assets already include NSR royalties on Highlander Silver's San Luis project (4.0%), Endeavour Silver's Pitarrilla project (1.25%), West Red Lake Gold's Rowan property (3.0%) and Honey Badger Silver's Sunrise Lake property (4.0%).
SSRM Stock Price Performance
The SSRM stock has appreciated a whopping 183.2% in a year compared with the industry’s return of 54.2%. Meanwhile, the Zacks Basic Materials sector and the S&P 500 have rallied 41.4% and 30.5%, respectively.
SSR Mining’s Zacks Rank & Other Stocks to Consider
SSRM currently carries a Zacks Rank #2 (Buy).
Some better-ranked stocks from the basic materials space are Albemarle Corporation (ALB - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) . ALB sports a Zacks Rank #1 (Strong Buy) at present and ASM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Albemarle has an average trailing four-quarter earnings surprise of 74.5%. The Zacks Consensus Estimate for the company’s 2026 earnings is pegged at $12.45 per share, indicating year-over-year growth from a loss of 79 cents. ALB shares have skyrocketed 201% so far this year.
Avino Silver has an average trailing four-quarter earnings surprise of 125%. The Zacks Consensus Estimate for Avino Silver’s 2026 earnings is pegged at 39 cents per share, indicating 34.5% year-over-year growth. Its shares soared 141% in a year.