Ssr Mng Inc - SSRM STOCK NEWS

SSR Mining (SSRM) has announced its 2025 production guidance, projecting 410,000 to 480,000 gold equivalent ounces from its Marigold, CC&V, Seabee, and Puna operations, representing a >10% year-over-year increase. This guidance excludes potential contributions from the Çöpler mine, currently under care & maintenance.

The company completed the acquisition of CC&V on February 28, 2025, which hosts 2.4 million ounces of gold reserves, an 85% increase from the previous year. The consolidated cost of sales is expected to be $1,375-$1,435 per payable ounce, with AISC of $2,090-$2,150 per payable ounce.

At Hod Maden, development continues with planned project capital of $60-100 million for 2025, focusing on site establishment and access infrastructure. The company maintains its estimate of $250-300 million for Çöpler remediation costs, with quarterly care & maintenance costs of $35-40 million until operations resume.

SSR Mining (SSRM) has completed the acquisition of the Cripple Creek & Victor (CC&V) gold mine from Newmont for an initial cash payment of $100 million, with potential additional milestone-based payments of up to $175 million. The transaction closed on February 28, 2025, positioning SSR Mining as the third largest gold producer in the USA.

CC&V's gold Mineral Reserves increased significantly to 2.4 million ounces as of December 31, 2024, up 85% from 1.3 million ounces in 2023. The mine also reports 0.8 million ounces of Measured and Indicated Resources and 0.9 million ounces of Inferred Resources. Production and free cash flow from CC&V will be attributable to SSR Mining starting March 1, 2025, with full-year 2025 guidance expected by the end of Q1.

SSR Mining (SSRM) has announced its voluntary delisting from the Australian Securities Exchange (ASX), effective April 8, 2025. The company's CHESS depositary interests (CDIs) will cease trading on ASX on April 4, 2025. The decision comes as CDI holdings represent only 1.74% of total shares, with low trading volumes compared to Nasdaq and TSX.

The company will continue trading on Nasdaq and Toronto Stock Exchange under 'SSRM'. CDI holders have several options: convert CDIs to shares (1:1 ratio) for trading on TSX/Nasdaq until June 17, 2025, sell CDIs on ASX before suspension, participate in a Voluntary Sale Facility, or have shares sold through a Compulsory Sale Process. The company will cover all brokerage and related costs for both sale facilities.

SSR Mining (SSRM) reported Q4 and full-year 2024 results, with Q4 production of 124,154 gold equivalent ounces at cost of sales of $1,295/oz and AISC of $1,857/oz. Full-year 2024 production reached 399,267 gold equivalent ounces at cost of sales of $1,307/oz and AISC of $1,878/oz.

Q4 net income was $5.6M ($0.03/share), while full-year showed a net loss of $261.3M (-$1.29/share), impacted by $272.9M in reclamation costs, $114.2M in impairment charges, and $108.7M in care & maintenance costs related to the Çöpler incident. The company ended 2024 with $387.9M in cash and total liquidity of $887.5M.

Notable achievements include Marigold reaching 5 million ounces of life-of-mine gold production and record silver production at Puna. The company also announced the acquisition of Cripple Creek & Victor Gold Mine for $100M upfront plus potential milestone payments of $175M.

SSR Mining (Nasdaq/TSX: SSRM, ASX: SSR) announced the appointment of Laura Mullen to its Board of Directors, effective February 15, 2025. Simultaneously, Leigh Ann Fisher resigned from the Board for personal reasons. Mullen brings nearly 40 years of experience from KPMG's audit practice and currently serves as a Director and Audit Committee Chair at Granite Construction. She will join SSR Mining's Audit Committee.

Mullen, a certified public accountant in California and member of the American Institute of Certified Public Accountants, holds a Bachelor of Science in business administration from California State University, Long Beach. Fisher, who joined the Board in 2022, served on both the Audit and Compensation & Leadership Development Committees during her tenure.

SSR Mining (Nasdaq/TSX: SSRM; ASX: SSR) has announced its schedule for the release of fourth quarter and full-year 2024 financial results. The company will publish its results on Tuesday, February 18, 2025, after markets close, followed by a conference call and webcast at 5:00 pm EST on the same day.

Investors and interested parties can join the conference call through toll-free numbers in U.S. and Canada (+1 (844) 763-8274) or internationally (+1 (412) 717-9224). An audio replay will be available for two weeks after the call. The company has also indicated that it will provide its 2025 guidance after completing the Cripple Creek & Victor acquisition, expected within the first quarter of 2025.

SSR Mining (SSRM) has released findings from an independent review of the February 13, 2024 heap leach failure incident at its Çöpler mine. The investigation, conducted by mining consulting firm Call & Nicholas, Inc. (CNI), revealed that the incident was caused by a fundamental flaw in the third-party engineered design of the heap leach pad.

The review found that the original design overestimated the shear strength properties of the liner system, resulting in inflated safety factor calculations and insufficient strength to support the facility. CNI confirmed that the construction and operation of the heap leach pad were carried out according to design specifications, and found no evidence that excess water, ground vibrations, or stacking beyond design limits contributed to the failure.

The company continues to work with authorities to obtain permits for restarting operations at Çöpler, though no timeline for resumption has been established.

SSR Mining has announced a significant milestone as its Marigold Mine achieved 5 million ounces of gold production on December 30, 2024. The mine has maintained continuous operations for over 35 years, with more than 2 million ounces produced since SSR Mining's acquisition in 2014.

Notable achievements include a record 278,000 ounces of gold production in 2023. The mine currently holds nearly 3 million ounces of Mineral Reserves as of December 31, 2023, supporting a minimum 9-year mine life. The company has allocated approximately $10 million in growth expenditures for 2024, focusing on mine life extension opportunities, including the Buffalo Valley project.

SSR Mining (SSRM) has announced the acquisition of the Cripple Creek & Victor Gold Mine (CC&V) from Newmont for $100 million upfront, with potential additional milestone-based payments of up to $175 million. The acquisition positions SSR Mining as the third largest U.S. gold producer, with CC&V expected to add approximately 170,000 ounces in annual gold production.

The transaction includes CC&V's gold Mineral Reserves of approximately 1.3 million ounces, plus 1.6 million ounces of Measured & Indicated Mineral Resources. The mine, located in Colorado, has been actively operating for over 30 years and features conventional open pit mining methods with oxide processing through valley leach facilities.