Why SSR Mining Stock Surged 45% in August

SSR Mining stock surged 45.3% in August after selling its troubled Çöpler mine in Turkey for $1.5 billion in June. The sale left the company with $1.8 billion in cash and no debt, enabling management to repurchase over $300 million in stock and reinstate dividends. Rising gold prices and improved operational fundamentals further boosted the stock, which hit a 52-week high of $39.44.