Business Wire·May 18, 2026, 5:00 PM ET

SSR Mining Announces the Sale of Its 20% Equity Interest in Hod Maden

SSR Mining entered a definitive agreement to sell its 20% stake & operatorship of the Hod Maden project to Lidya Mines in exchange for an uncapped 4.0% net smelter return royalty on 100% of the Project.
Royal Gold will simultaneously sell 15% of its ownership interest to Lidya Mines for an uncapped 2.5% NSR on 100% of the Project.
Royal Gold will acquire a fixed-price call right to purchase 2.0% of SSR Mining's NSR for $160 million, expiring 12 months after commercial production begins.
Royal Gold holds a consent right on the sale of SSR Mining's NSR prior to January 1, 2028, & a right of first refusal for any future sale.
Upon closing, Lidya Mines will own 85% of the Project, Royal Gold will own 15%, & Lidya Mines will assume the operator role.
SSR Mining's total invested capital in Hod Maden is approximately $243 million, & it will have no further funding obligations post-transaction.
The Transaction will close on an as-is basis with no material post-closing indemnities from SSR Mining.
Closing is expected in the third quarter of 2026, subject to regulatory approval from the Turkish General Directorate of Mining & Petroleum Affairs.
This deal completes SSR Mining's strategic refocus to an Americas platform alongside the sale of the Çöpler mine & acquisition of Cripple Creek & Victor Mine.
The new 4.0% Hod Maden NSR will augment SSR Mining's existing royalty portfolio which includes interests in San Luis, Pitarrilla, Rowan, & Sunrise Lake properties.