Just caught SSR Mining popping off 11.6% this morning and actually makes sense why. They're dumping their Turkish gold mine stake to Cengiz for $1.5 billion, which is wild because they've been stuck trying to fix that Copler mine since the 2024 landslide killed 9 miners.

So here's the thing - two years ago SSR said repairs would take 24-36 months and cost $250-300M. Two years later and still nothing. Instead of throwing more money at it, they're just selling the whole 80% stake and pocketing $1.5B in cash. Deal should close by mid-2026.

Obviously they're giving up future gold production from Copler, but on the flip side they avoid the repair costs and get massive cash to reinvest in their other mines. With that much cash sitting on the balance sheet, it's a decent strategic move honestly. Whether the stock stays up though? Different question. Just interesting how sometimes exiting a problem is better than trying to fix it.