SSR Mining Restarts Dividend at $0.03, a 57.1% Cut

SSR Mining Inc. restarted its quarterly dividend at $0.03 per share, a 57.1% cut from the previous $0.07 rate. The shares traded ex-dividend on August 14, 2026. This is a lower-rate reinstatement following an extended interruption, rather than a routine reduction from the preceding quarter.

Why the dividend changed

SSR Mining describes the payment as a reinstated dividend program. The company did not attribute the lower rate to a stock split, merger or spin-off. Instead, the restart followed a major portfolio restructuring and was announced alongside an expanded share-repurchase program.

The company completed the sale of its interest in the Çöpler mine on June 24, 2026, for approximately $1.49 billion in cash. It then sold its interest in the Hod Maden development project, retaining an uncapped royalty. Those transactions completed a strategic shift toward an Americas-focused gold and silver portfolio anchored by Marigold and Cripple Creek & Victor in the United States. SSR Mining ended the second quarter with $1.78 billion of cash and no long-term debt. SSR Mining’s second-quarter results

The interruption in payments also spans the period following the February 2024 Çöpler incident, which suspended operations at the mine. SSR Mining had spent $149.3 million on reclamation and remediation through 2025 before agreeing to sell the asset. SSR Mining’s 2025 results and 2026 guidance

Management is directing more capital toward repurchases than dividends. SSR Mining bought back $337.8 million of shares during the second quarter and had returned $409.2 million through repurchases during the year to date. Executive Chairman Rod Antal said the company was returning capital through both continued buybacks and the reinstated dividend while investing in mine-life extensions. SSR Mining’s second-quarter results

The operating backdrop supports a payment restart but also explains a measured rate. Second-quarter free cash flow from continuing operations was $50.3 million, bringing the first-half total to $299.1 million. Production remained aligned with full-year guidance, but all-in sustaining costs were trending toward the upper end of guidance as the company accelerated capital spending on growth and mine-life projects.

Dividend track record

SSR Mining paid $0.20 per share across four payments in 2021. The annual total rose 40.0% to $0.28 in 2022 and remained unchanged at $0.28 in 2023. Each of the four 2023 distributions was $0.07, with the last trading ex-dividend on November 9, 2023.

The next recorded payment traded ex-dividend on August 14, 2026, at $0.03. That sequence shows a stable quarterly distribution through 2023, followed by an interruption and a restart at a materially lower rate. SSR Mining consequently has 0 consecutive years of dividend growth. Its record is now defined by capital-return flexibility, not an uninterrupted annual-growth commitment.

Is the dividend covered?

The earnings payout ratio is 0%, indicating that the listed dividend represents a minimal claim on reported earnings. The figure also reflects the small current annual dividend relative to SSR Mining’s earnings base.

SmarterDividends rates the dividend B, meaning safe (66-79). In plain terms, the grade indicates that current earnings coverage and the company’s financial position support the payment, while leaving room for operating and commodity-price risk. It is not a guarantee that the rate will remain unchanged.

The balance sheet adds context to that assessment. SSR Mining reported no long-term debt at the end of the second quarter and substantial cash after the Çöpler sale. Against that, management is accelerating mine investment, and mining cash flow remains exposed to metals prices, production timing and operating costs.

Yield and valuation

At a share price of $35.78, SSR Mining’s forward yield is 0.08%. That is well below the Basic Materials sector median forward yield of 1.88%, so the reinstated dividend provides little current income relative to the sector benchmark.

SmarterDividends estimates fair value at $18.37 and classifies the shares as overvalued. The valuation assessment is separate from dividend safety: a covered payout can still accompany a market price above the estimated value of the underlying business.

What to watch

The next quarterly results will show whether the board continues the reinstated dividend at the same rate and how management balances dividends with its share-repurchase authorization. No subsequent ex-dividend date has been established in the payment record.

Operationally, the main checkpoints are second-half production and costs. SSR Mining maintained its full-year production guidance in the second-quarter report but said production was weighted toward the second half and all-in sustaining costs were trending toward the top of guidance. Investors can also monitor the planned Marigold life-of-mine update and spending on Buffalo Valley, Porky and other mine-life extension projects. Those demands will help determine the cash available for future capital returns. SSR Mining’s second-quarter results