Ssr Mng Inc Stock Price, News & Analysis

SSR Mining (NASDAQ: SSRM) has reported promising results from 27 diamond drill holes at its Copper Hill project in Turkey, indicating significant copper mineralization. Notable interceptions include 3.29% Cu over 37.4 meters and 3.03% Cu over 31.5 meters. The company also announced an agreement to increase its ownership in Copper Hill to 70%, enhancing its operational control. The drilling results suggest a clean copper mineralization with low levels of impurities, supporting future economic evaluations. Further drilling and metallurgical tests are planned to expand the known mineralization.

SSR Mining (NASDAQ: SSRM) reported strong Q3 2021 results with a production of 186,941 gold equivalent ounces and an AISC of $1,006 per ounce. The company lowered its AISC guidance for 2021 to $1,000-$1,040 per gold equivalent ounce after year-to-date AISC averaged $990. Free cash flow was reported at $129 million for the quarter, contributing to a year-to-date total of $306 million. The Board declared a $0.05 dividend per share, payable on December 13, 2021, reinforcing the company's commitment to return nearly $200 million to shareholders this year.

SSR Mining Inc. (NASDAQ: SSRM) announced the completion of a transaction with EMX Royalty Corporation on October 21, 2021. SSR Mining sold a portfolio of non-core royalty interests, valued at approximately US$99.5 million, including US$32.5 million in common shares and US$33 million in cash. This sale involved 12,323,048 common shares of EMX, representing about 12.5% of EMX's outstanding shares. The deal aims to optimize SSR Mining's asset portfolio while providing potential for future investments in EMX.

SSR Mining (NASDAQ: SSRM) announced the resignation of Board Directors Beverlee F. Park and Elizabeth A. Wademan, who played key roles post-merger with Alacer Gold. Following their departures, the Board now comprises eight directors, with ongoing evaluations planned for its composition. SSR Mining is focused on growth and operates four producing assets across the USA, Turkey, Canada, and Argentina, delivering approximately 711,000 gold-equivalent ounces in 2020.

SSR Mining Inc. (NASDAQ: SSRM) has corrected the release date for its third quarter 2021 consolidated financial results to before market open on November 3, 2021, one day earlier than initially scheduled. The associated conference call will take place on the same day at 5:00 PM EDT. SSR Mining operates four producing assets across the USA, Turkey, Canada, and Argentina, generating approximately 711,000 gold-equivalent ounces in 2020. For further information, visit their website.

SSR Mining Inc. will release its third quarter 2021 consolidated financial results on November 4, 2021, before markets open. A conference call is scheduled for the same day at 5:00 pm EDT, with toll-free access for U.S. and Canadian callers. The company's operating assets produced approximately 711,000 gold-equivalent ounces in 2020, emphasizing its focus on free cash flow. Investors can access the call via a webcast or through an audio replay for two weeks post-event.

SSR Mining announced positive results from 127 drill holes at the Seabee mine in Saskatchewan, Canada. The Gap Hanging Wall (GHW) has 300,000 ounces categorized as Indicated Mineral Resources, with another 167,000 ounces Inferred. Current drilling aims to convert these into Mineral Reserves by 2022. Notable intercepts include 19.16 g/t Au over 6.98 meters. The Santoy Hanging Wall (SHW) shows potential for mining viability, with intercepts like 16.31 g/t over 3.56 meters. The Joker target may extend mine operations beyond GHW and SHW, adding further value to SSRM.

SSR Mining Inc. (NASDAQ: SSRM) announced positive results from 194 diamond drill holes at the Ardich project, indicating significant gold mineralization potential. From 2020 to 2021, drilling confirmed extensions of mineralization, with notable gold intercepts such as 7.48 g/t Au over 40.7 meters. This builds on the preliminary economic analysis from November 2020, which estimated 1.23 million ounces of gold from Measured and Indicated resources with a net present value of $431M. SSR Mining targets a maiden Mineral Reserve declaration in 2022 and plans first gold production in 2023.

SSR Mining reported strong financial results for Q2 2021, achieving an adjusted EPS of $0.46 and $100 million in free cash flow. Total production reached 199,673 gold equivalent ounces with an all-in sustaining cost (AISC) of $961 per ounce. The company generated $148.6 million in cash from operating activities and declared a quarterly dividend of $0.05 per share, payable on September 13, 2021. SSR Mining's balance sheet remains robust, with cash reserves of $870.4 million and a focus on organic growth projects across Turkey, the US, and Canada.