Business
SSR Mining Announces Additional $500 Million Share Buyback and Reinstatement of Quarterly Dividend
SSR Mining Announces Additional $500 Million Share Buyback and Reinstatement of Quarterly
About this update from Ssr Mining Inc.
SSR Mining Inc. (Nasdaq/TSX: SSRM) ("SSR Mining" or the “Company") is pleased to announce that its Board of Directors has approved an additional $500 million for share repurchases and the reinstatement of a regular quarterly dividend as part of the Company’s ongoing capital returns program. Rod Antal, Executive Chairman of SSR Mining said, “These additional capital returns build on the $774 million we have returned to shareholders since 2021, including $300 million in share repurchases completed in the second quarter of 2026. Year-to-date, our shareholder returns already represent a yield of approximately 5%, before giving effect to the additional $500 million authorization for share repurchases and the reinstatement of a quarterly dividend announced today. Together, these actions reinforce SSR Mining’s disciplined approach to capital allocation and commitment to delivering value to shareholders.” SSR Mining is in a strong financial position, supported by ongoing free cash flow generation, a robust balance sheet, and the anticipated closing of the previously announced sale of the Çöpler mine for $1.5 billion in cash, which remains on track to close before the end of the third quarter. This financial strength complements SSR Mining’s position as a free-cash-flow-leading, Americas-focused gold and silver producer, and provides the financial flexibility for continued and meaningful reinvestment in the business while evaluating value-accretive growth opportunities and continuing to return capital to shareholders. The Board of Directors anticipates declaring the first quarterly cash dividend of $0.03 per common share in conjunction with the Company’s second quarter 2026 financial results. Annualized, the $0.12 per common share dividend provides a strong baseline of consistent capital returns to supplement the share buyback program. On March 27, 2026, SSR Mining received acceptance from the Toronto Stock Exchange (“TSX”) for a Notice of Intention to make a Normal Course Issuer Bid (“NCIB”) under the requirements of the TSX, permitting SSR Mining to purchase for cancellation up to 21,502,189 common shares of the Company, representing approximately 10.0% of the public float of SSR Mining’s total issued and outstanding common shares. In April, 2026, the Company repurchased 9,224,713 shares under the NCIB, leaving 12,277,476 shares currently available for repurchas...