SSR Mining Inc. (SSRM) Sells 20% Equity Interest in Hod Maden
Key takeaways
- (SSRM) Sells 20% Equity Interest in Hod Maden Noor Ul Ain Rehman Tue, May 26, 2026 at 7:08 PM GMT+7 2 min read SSRM RGLD SSR Mining Inc.
- (NASDAQ:RGLD), which is a partner in the Project, will concurrently sell 15% of its ownership interest in the Project to Lidya Mines in exchange for an uncapped 2.5% NSR on 100% of the Project.
- (NASDAQ:SSRM) is a metals mining company that has assets in four jurisdictions: the USA, Turkiye, Canada, and Argentina.
SSR Mining Inc. (SSRM) Sells 20% Equity Interest in Hod Maden Noor Ul Ain Rehman Tue, May 26, 2026 at 7:08 PM GMT+7 2 min read SSRM RGLD SSR Mining Inc. (NASDAQ:SSRM) is one of the best commodity stocks to buy for the supercycle. SSR Mining Inc. (NASDAQ:SSRM) announced on May 18 its entry into a definitive agreement with Lidya Mines to sell its 20% ownership stake and its operatorship position in the Hod Maden development project for an uncapped 4.0% net smelter return royalty on 100% of the Project. Management stated that the royalty consideration received by the company is anticipated to deliver an accretive outcome for shareholders.
It further reported that Royal Gold, Inc. (NASDAQ:RGLD), which is a partner in the Project, will concurrently sell 15% of its ownership interest in the Project to Lidya Mines in exchange for an uncapped 2.5% NSR on 100% of the Project. According to the management, Royal Gold’s 2.5% NSR would be issued with substantially the same key terms as the 4.0% NSR issued to SSR Mining, while the former will also hold a fixed price call right to acquire 2.0% of the NSR from SSR Mining for $160 million. This would expire 12 months following the declaration of commercial production at the Project.
SSR Mining Inc. (NASDAQ:SSRM) is a metals mining company that has assets in four jurisdictions: the USA, Turkiye, Canada, and Argentina. It is involved in the acquisition, exploration, operation, and development of precious metal resource properties, and its operations are divided into the following business segments: Copler, Marigold, Crippler Creek, Victor, Seabee and Puna.