Canadian mining company SSR Mining announced that it has signed a binding memorandum of understanding to sell its 80% stake in the Çöpler Gold Mine in Türkiye, along with related assets, to Cengiz Holding. The company stated that the entire purchase price will be paid in cash at closing.
Under the transfer, the mine’s licenses, assets, rights and obligations will be transferred to the new partner. The Çöpler site also includes the Çakmaktepe, Bayramdere, Mavialtin and Tunçpınar projects.
SSR Mining President and CEO Rod Antal said the company has carried out extensive work over the past two years to restart operations at the mine and has worked closely with public authorities in Türkiye throughout the permitting process. Antal emphasized that the agreement will create value for shareholders.
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