Gold Mining Stocks Surge 6%... Betting on $500 Million Share Buyback

SSR Mining Inc. (Nasdaq: SSRM) closed at $30.62 on July 2, up 6.21% on the Nasdaq. Trading volume was about 2.4 million shares, and its market capitalization rose by roughly $420 million (approximately KRW 650 billion) to $6.3 billion (around KRW 10 trillion) compared with the previous day.

In mid-June, the company announced an additional $500 million share repurchase program and the reinstatement of its quarterly dividend. In March, it sold an 80% stake in Türkiye’s Çöpler gold mine for about $1.5 billion (around KRW 2.3 trillion), accelerating both shareholder returns and business restructuring. ()

Previously, SSR Mining completed a $300 million buyback and divested a 20% stake in Turkey’s Hod Madencilik project, significantly boosting its cash reserves and liquidity. ()

Headquartered in Vancouver, Canada, SSR Mining is a precious-metals miner focused on gold and silver, operating production assets across North and South America, including the Marigold mine in Nevada, USA. () As its earnings recover and its financial structure strengthens through asset sales, Wall Street analysts have upgraded their ratings from “Buy” to “Strong Buy,” setting target prices about 40% above the current share price. ()