Why SSR Mining Stock Is Flying This Week (It's Not Gold Price)

Following a crisp dip earlier $4,100 per ounce connected March 23, golden rebounded dramatically, surging past $4,500 per ounce this greeting aft President Donald Trump extended an ongoing intermission successful U.S. attacks connected Iran's vigor facilities by 10 days to April 6. This astir 10% rally successful golden successful a substance of days sent golden stocks higher too, with shares of SSR Mining (NASDAQ: SSRM) surging 17.5% successful the week done 11 a.m. ET Friday.

However, there's a crushed wherefore SSR Mining is among this week's top-performing golden stocks. Beyond the golden rush, SSR Mining made a mates of large announcements this week, including a stock repurchase program, due to the fact that absorption believes the banal is worthy a batch much than wherever it is trading today.

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On March 25, SSR Mining signed a definitive statement connected March 25 to merchantability its 80% involvement successful the Copler golden excavation successful Turkey to section concern giant, Cengiz Holding, for $1.5 cardinal successful cash. While the projected woody was primitively announced successful aboriginal March, the golden miner confirmed it this week and expects to adjacent the transaction successful the 3rd 4th of 2026.

This is simply a important determination for 2 reasons. First, Copler has been an overhang since 2024, erstwhile a tragic mishap forced SSR Mining to suspend operations. By selling the distressed asset, SSR Mining is offloading large reclamation costs and geopolitical risks, and tin absorption connected its halfway portfolio successful the Americas.

Second, the woody volition instantly infuse $1.5 cardinal successful cash, which SSR Mining expects to reinvest successful the concern and growth.

Friday morning, SSR Mining announced plans to repurchase up to 10% of its nationalist interval implicit the adjacent 1 year. That's a immense buyback program, and the announcement sent the golden banal surging by implicit 9% arsenic of this writing.

What makes SSR Mining stock's buyback is the timing of its Copler involvement sale. The $1.5 cardinal currency volition permission the golden miner with important liquidity and precise small debt. Management believes the champion usage of each of that wealth close present is to bargain backmost the shares due to the fact that the banal terms does not bespeak the "the underlying cardinal worth and aboriginal maturation prospects" of the company.

In short, SSR Mining thinks its shares are undervalued contempt the banal much than doubling successful 1 year. In March, though, the golden banal had mislaid astir 24% of its worth until the buyback announcement. Given the upcoming plus merchantability that should importantly fortify SSR Mining's equilibrium sheet, this golden banal looks precise promising for the agelong term.