Ssr Mng Inc Stock Price, News & Analysis

SSR Mining Inc. (NASDAQ: SSRM) has scheduled its second quarter 2021 consolidated financial results release for August 4, 2021, before markets open. A conference call will follow the release on the same day at 5:00 pm EDT, accessible via toll-free numbers or webcast. The company operates four producing gold assets across the USA, Turkey, Canada, and Argentina, which yielded approximately 711,000 gold-equivalent ounces in 2020. The results will inform investors of the company's ongoing financial performance.

SSR Mining Inc. (NASDAQ: SSRM) has announced an amendment to its undrawn revolving credit facility, increasing its size from US$75 million to US$200 million. This new facility features an upsized accordion option from US$25 million to US$100 million and extends the term to June 8, 2025. The facility will incur a variable interest rate based on the London Interbank Offered Rate plus a margin of 2.00% to 3.00%, depending on the company's net leverage ratio. This financing can be utilized for working capital, reclamation bonding, and other corporate purposes.

SSR Mining Inc. (NASDAQ: SSRM) announced the results of its 2021 Annual and Special Meeting of Shareholders held on May 21, 2021. All ten director nominees were elected, with voting percentages ranging from 90.01% to 99.86%. Additionally, shareholders approved the appointment of the auditor with 96.17% support, a non-binding advisory resolution on executive compensation with 96.04%, and the company's 2021 Share Compensation Plan, which received 73.89% approval. SSR Mining focuses on gold production with assets in multiple countries, producing approximately 711,000 gold-equivalent ounces in 2020.

SSR Mining reported strong first quarter results for 2021, achieving production of 196,094 gold equivalent ounces at an AISC of $1,004 per ounce. The company generated $145.2 million in cash flows from operating activities and $77 million in free cash flow. Attributable net income was $53 million ($0.24 per share), with adjusted attributable net income of $102.4 million ($0.47 per share). A quarterly cash dividend of $0.05 per share was declared, payable June 14, 2021, alongside a $150 million share buyback program.

SSR Mining Inc. (NASDAQ: SSRM) has announced the date for its first quarter 2021 consolidated financial results release and conference call. The news release will be available on May 6, 2021, before markets open. A conference call and webcast will take place the same day at 5:00 PM EST. Investors can join the call via toll-free numbers or through a webcast link provided. SSR Mining operates four assets in the USA, Turkey, Canada, and Argentina, producing approximately 711,000 gold-equivalent ounces in 2020.

SSR Mining (NASDAQ: SSRM) has received approval from the Toronto Stock Exchange to initiate a Normal Course Issuer Bid (NCIB), allowing it to purchase up to 10 million common shares, equating to 4.5% of its total outstanding shares. As of April 9, 2021, there were 220,193,975 shares outstanding. The buyback aims to enhance shareholder value by countering market undervaluation and will be conducted over the next twelve months, starting April 21, 2021. The company has also established an automatic share purchase plan to facilitate these transactions efficiently.

SSR Mining reported a 14% increase in Measured and Indicated Gold Mineral Resources, totaling 15.0 million ounces as of December 31, 2020. Gold Mineral Reserves rose by 5% to 8.0 million ounces, primarily due to growth at Çöpler. The Çöpler District saw a 17% rise in Mineral Reserves to 3.8 million ounces, attributed to expanded pit designs and improved cost structures. Other highlights include a 9% increase in Marigold's Indicated Mineral Resources and continued resource replacement at Seabee. Financial metrics were estimated at gold prices of $1,350/oz and $1,750/oz for reserves and resources, respectively.

SSR Mining Inc. (NASDAQ: SSRM) has appointed Alison White as the new Executive Vice President and Chief Financial Officer, effective at the end of March 2021. Ms. White brings extensive experience from her previous role at Newmont Mining as Regional Chief Financial Officer for North America and has held various leadership positions across multiple industries. SSR Mining extends gratitude to outgoing CFO Greg Martin for his nine years of service. The company is focused on generating free cash flow with four producing assets across North America, Turkey, Canada, and Argentina, producing approximately 711,000 gold-equivalent ounces in 2020.