Just saw SSR Mining jumped 11.6% this morning - they're selling off their Turkish Copler gold mine to Cengiz Holding for $1.5 billion. That's a pretty big move considering the mine had been basically shut down since that landslide two years ago killed nine workers.

So here's the thing: SSR was looking at maybe $250-300 million in repair costs to get Copler back online, and it's been sitting idle for two years anyway. Now they're offloading the whole 80% stake and getting $1.5 billion in cash instead. Deal should close before mid-2026.

I get why the stock popped - they're not stuck with those repair costs and they've got serious cash to work with now. They can throw that money at their other mines or that Hod Maden project they've got going in Turkey. But obviously they're also walking away from whatever gold was still in the ground at Copler.

It's one of those moves where you can see both sides - they cut their losses and got liquidity, but they also gave up future upside. Curious what happens with that cash next.