SSR Mining (TSX: SSRM) has exited its Hod Maden gold-copper project in Turkey, converting its 20% equity interest into a 4% net smelter return royalty after spending roughly $243 million on the asset.
In this breakdown, we look at why the deal happened, how the 2024 Çöpler mine disaster damaged SSR’s position in Turkey, and why handing the project back to Lydia Mines may have been the most realistic outcome. We also go through the numbers behind Hod Maden, including its high-grade gold-copper reserves, strong project economics, remaining capital requirements, and the potential value of SSR’s new royalty position.
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