SSR Mining Inc. has announced the issuance of a notice of redemption for its $230,000,000 original aggregate principal amount of its 2.50% convertible senior notes due 2039. The company has disclosed that there is currently $227,495,000 aggregate principal of notes outstanding, and it plans to redeem all notes that have not been converted before the redemption date of March 20, 2026.
The redemption price will equal 100% of the principal amount of the aggregate principal amount of notes outstanding, in addition to accrued and unpaid interest on the notes to, but excluding, the redemption date, along with a make-whole premium. If all holders elected to convert their notes, approximately 13 million common shares would be issued to settle the conversion, and these shares have already been reflected in the company’s fully diluted share count for the purposes of financial reporting.
In other financial moves, SSR Mining has repurchased approximately 20 million shares at an average price of $15.76 per share between 2021 to 2024, and recently announced board approval for a share buyback program of up to $300 million on February 17, 2026.
SSR Mining's stock is listed under the ticker symbol SSRM on the NASDAQ and the TSX. The market has reacted to these announcements by moving the company's shares -4.19% to a price of $22.87. For the full picture, make sure to review SSR MINING INC.'s 8-K report.
