Mar. 5 at 9:22 AM
$SSRM From “Cash Monster” → “Cash Godzilla”
SSR Mining just locked in
$1.5B in cash by selling 80% of its Çöpler mine to Cengiz Holding. Deposit?
$100M. Break fee?
$50M. This is high conviction.
Why this changes everything:
1️⃣ Impossible exit achieved – Market discounted Çöpler; now
$1.5B in cold hard cash.
2️⃣ Balance sheet explosion –
$535M +
$1.5B = ~
$2B cash vs ~
$6.7B market cap (~30% of value in liquid cash).
3️⃣ Turkey risk gone – SSRM now Americas-focused, 3rd largest US gold producer.
4️⃣ Capital returns on steroids –
$300M buyback just got a massive upgrade potential.
5️⃣ Hod Maden? 20% stake retained, strategic review underway. Another cash-out likely.
Verdict: Debt-free, over-capitalized, Americas pure play, record gold & silver prices. Sell-side still sleeping — expect violent upside as models adjust.
Still Long. Still Bullish. Cash Monster just got teeth.
