SSR Mining Inc. filed a Notice of Intention to make a Normal Course Issuer Bid (NCIB) with the Toronto Stock Exchange and received acceptance. The bid allows the company to purchase and cancel up to 21,502,189 common shares, representing roughly 10.0% of its public float. The program will begin on March 31, 2026 and run for a full twelve‑month period, ending March 30, 2027.
The NCIB is part of a broader capital‑allocation strategy that the board approved on February 17, 2026. Management authorized a $300 million share‑repurchase program over the same twelve‑month horizon, citing the company’s strong cash position—$535 million in cash and more than $1 billion in liquidity as of December 31, 2025—as the basis for the buyback. The program is intended to return excess capital to shareholders while maintaining flexibility for future growth investments.
SSR Mining’s Q4 2025 results, released on February 17, 2026, provided a solid backdrop for the buyback. The company reported adjusted earnings per share of $0.88, a $0.78 increase over the $0.10 EPS of the same quarter a year earlier, and net income of $181.5 million. Free cash flow of $106.4 million in the quarter underscored the firm’s ability to fund the buyback without compromising operational needs.
In addition to the buyback, SSR Mining completed a strategic divestiture of its 80% stake in the Çöpler mine in Turkey for $1.5 billion in cash on March 4, 2026. The sale removed a significant risk exposure and added liquidity, reinforcing the company’s focus on its Americas portfolio and strengthening its balance sheet for the upcoming year.
Historically, SSR Mining has executed similar NCIBs, including a 10 million‑share bid in April 2021 and a 10.6 million‑share bid in June 2022. The current bid continues that pattern of returning value to shareholders while maintaining a disciplined capital‑allocation framework. The combination of a robust buyback program, strong earnings, and a major asset sale positions the company to sustain shareholder returns and support future growth initiatives.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.