SSR Mining Reports $1.66B NPV for Hod Maden Project in Türkiye with 39% IRR
SSR Mining Inc. has reported a $1.66 billion after-tax net present value (NPV) for its Hod Maden project in Türkiye, with a projected internal rate of return (IRR) of 39% at consensus metals prices. If current spot prices are considered, the NPV rises to $2.91 billion with a 58% IRR. The project aims to produce 1.6 million ounces of gold and 209 million pounds of copper, with a decision on development expected in 2026, pending local approvals.
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SSR Mining Inc. has completed a Technical Report Summary for the Hod Maden project in northeastern Türkiye, showing an estimated after-tax NPV of $1.66 billion and a projected internal rate of return (IRR) of 39% at consensus metals prices. At current spot prices, the NPV increases to $2.91 billion with a 58% IRR.
The project is expected to produce 1.6 million ounces of gold and 209 million pounds of copper, with average annual operating cash flow of $343 million and free cash flow of $328 million. Total remaining development capital spend is projected at $910 million, of which SSR Mining's attributable capital is about $469 million.
The project is expected to be accessed via a single underground portal, with mining rates averaging 2,200 tonnes per day. A decision on project development is anticipated in 2026, pending approvals from local partners.
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