SSR Mining stock just jumped 11.6% and honestly it makes sense once you read what they announced. Basically they're dumping their Turkish Copler gold mine to Cengiz Holding for $1.5 billion. That's the whole story right there. Two years ago there was a landslide that killed 9 miners and basically shut down operations. SSR said it'd take 24-36 months and $250-300 million to fix it. Spoiler alert: it's still not fixed. So instead of throwing more money at repairs, SSR is just selling the whole thing and pocketing $1.5B in cash. You can see why investors got excited about that. On one hand, SSR is walking away from whatever gold was still in that mine and all the future profits. But on the flip side they're avoiding a money pit and getting a huge cash injection to work on their other operations. Whether that's actually good for the stock long-term though? That's the real question. Either way the market's clearly reading this as a win today.

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