SSR Mining Announces Additional $500 Million Share Buyback and Reinstatement of Quarterly Dividend
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 repurchase. The NCIB expires on March 30, 2027.
About SSR Mining
SSR Mining is listed under the ticker symbol SSRM on the Nasdaq and the TSX.
For more information, please visit: www.ssrmining.com.
Cautionary Note Regarding Forward-Looking Information and Statements:
This press release includes "forward looking information" within the meaning of applicable securities laws. Forward-looking information can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances are forward-looking statements, and include, but are not limited to, our capital allocation strategy, changes in capital allocation strategies and priorities, including the timing, amount and payment of any future dividend; future purchases by the Company of its Common Shares; our ability successfully close the previously announced agreement to sell the Çöpler mine to Cengiz Holding A.?. and our divestiture of our interest in the Hod Maden development project within the time periods anticipated, or at all; our ability to obtain any necessary regulatory or other approvals or consents for the Türkiye transactions that may be required; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced by future events or conditions.
Although we believe that the expectations and assumptions on which such forward-looking information and statements are based are reasonable, you should not place undue reliance on the forward-looking information and statements because we can give no assurance that they will prove to be correct. Forward-looking information and statements are subject to various risks and uncertainties which could cause actual results and expectations to differ materially from the anticipated results or expectations expressed in this press release. Important factors that could cause actual results to differ materially from our historical experience, and present projections and expectations are disclosed in our filings that we make on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov, including our most recent Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Forward-looking information and statements speak only as of the date they are made. Other than as required by law, we do not intend, and undertake no obligation to update any forward-looking information and statements to reflect, among other things, new information or events. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
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Contact
E-Mail: invest@ssrmining.com
Phone: +1 (888) 338-0046
