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SSR Mining Inc. - SSRM STOCK NEWS

Welcome to our dedicated page for SSR Mining news (Ticker: SSRM), a resource for investors and traders seeking the latest updates and insights on SSR Mining stock.

SSR Mining Inc., formerly known as Silver Standard Resources, is a leading Vancouver-based mining company dedicated to the operation, development, exploration, and acquisition of precious metal projects. Publicly traded under the ticker symbol SSRM on both the Nasdaq Capital Markets and the Toronto Stock Exchange, SSR Mining is a prominent player in the precious metals production industry.

SSR Mining's portfolio includes three major operations: the Marigold Gold Mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada, and the 75%-owned and operated Puna Operations Joint Venture in Jujuy Province, Argentina. The Puna Operations consist of the Pirquitas operation and the Chinchillas development project. Together, these sites highlight SSR Mining's focus on gold and silver production, with the Marigold mine being a significant source of gold and the Puna mine contributing primarily to silver production.

The company is led by an experienced management team known for their expertise in mining operations and project development. They have a proven track record of successful mine-building and operational excellence, which is reflected in SSR Mining's robust financial condition and strong balance sheet.

Besides its ongoing operations, SSR Mining has two projects in the feasibility stage and a portfolio of exploration properties across North and South America. These projects are strategically positioned to enhance the company's growth potential and ensure long-term sustainable production.

The SSR Mining team is known for its commitment to safety, operational efficiency, and environmental responsibility. Their dedication to safe and efficient production practices ensures they consistently meet production targets while maintaining high standards of environmental stewardship.

For the latest updates and detailed information about SSR Mining Inc., visit their official website or follow their press releases and financial reports.

Rhea-AI Summary

SSR Mining reported third-quarter 2020 financial results, highlighting an adjusted EPS of $0.49 and a net income of $67.8 million. The company completed a merger with Alacer Gold, enhancing its position in the precious metals sector. Notably, SSR Mining announced a quarterly cash dividend of $0.05 per share to start in Q1 2021, indicating strong cash flow sustainability. Year-to-date production reached 491,821 gold equivalent ounces, with a revised guidance of 680,000 to 760,000 ounces for the full year. The company maintains a robust cash balance of $772.8 million and operational stability across all mines.

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SSR Mining Inc. is set to announce its third quarter 2020 consolidated financial results on November 12, 2020, before market opening. A conference call will follow on the same day at 5:00 pm EST, allowing investors and media to engage with company leadership. SSR Mining, a leading intermediate gold company, operates four producing assets across USA, Turkey, Canada, and Argentina, boasting a diversified portfolio that yielded over 720,000 ounces of gold in 2019.

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SSR Mining Inc. (NASDAQ: SSRM) has updated its full-year 2020 outlook after completing its merger with Alacer Gold on September 16, 2020. The company anticipates producing 680,000 to 760,000 gold equivalent ounces at all-in sustaining costs (AISC) of $965 to $1,040 per ounce. The production guidance reflects challenges due to COVID-19 but expects a strong fourth quarter. The company aims to enhance its growth portfolio with an upcoming technical report on the Çöpler project, which is expected to define low capital intensity growth opportunities.

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SSR Mining and Alacer Gold have completed a merger of equals following regulatory approvals. Under the arrangement, each Alacer share was exchanged for 0.3246 SSR Mining shares, making Alacer a wholly owned subsidiary of SSR Mining. Post-transaction, SSR Mining's pro forma market capitalization stands at approximately US$5 billion. The new board comprises ten directors from both companies, with Rod Antal as President & CEO. SSR Mining shares continue trading under the ticker SSRM on TSX and NASDAQ, with trading on the ASX starting on September 17, 2020.

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SSR Mining and Alacer Gold have received final regulatory clearance for their merger, expected to close on September 16, 2020. Following the merger, normal trading of SSR Mining shares will continue on both the TSX and NASDAQ. Alacer CDI holders will cease trading on September 14, 2020, with SSR Mining set to be listed on the ASX on September 17, 2020. This merger aims to enhance production capabilities and drive shareholder value through operational synergy.

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SSR Mining reported its Q2 2020 results, showcasing strong income from mining operations of $34 million, despite a net loss of $6.3 million. The cash position improved to $462 million. The phased restart of operations at Seabee and Puna was successful. Ongoing merger with Alacer Gold aims to enhance production capabilities. Marigold mine produced 49,918 ounces of gold at a cash cost of $864 per ounce. However, silver and by-product sales fell significantly due to temporary suspensions attributed to COVID-19. Overall, exploration continues with positive results at Trenton Canyon.

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SSR Mining Inc. (NASDAQ: SSRM) has announced the schedule for its second quarter 2020 consolidated financial results. The news release will be made public on August 6, 2020, after market close. Following that, a conference call is set for August 7, 2020, at 11:00 am ET, to discuss the results. Investors and the public can access the call via toll-free numbers and a webcast. SSR Mining operates three mines in North and South America and aims to enhance production while maintaining financial strength.

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SSR Mining Inc. and Alacer Gold Corp. announced that Alacer has received a final court order from the Supreme Court of Yukon for their pending merger. Under this transaction, Alacer shareholders will receive 0.3246 SSR Mining shares for each Alacer share owned. Both companies secured necessary shareholder approvals on July 10, 2020. The transaction is subject to regulatory approvals and customary closing conditions.

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SSR Mining and Alacer Gold have received overwhelming shareholder support for their at-market merger, with 99.9% of Alacer shareholders and 96.5% of SSR Mining shareholders voting in favor. Each Alacer share will be exchanged for 0.3246 common shares of SSR Mining. The transaction is pending regulatory and final court approvals, with a goal to close in the near future. This strategic merger aims to enhance production capabilities and create value for shareholders by combining assets and expertise.

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FAQ

What is the current stock price of SSR Mining (SSRM)?

The current stock price of SSR Mining (SSRM) is $5.73 as of October 4, 2024.

What is the market cap of SSR Mining (SSRM)?

The market cap of SSR Mining (SSRM) is approximately 1.2B.

What does SSR Mining Inc. do?

SSR Mining Inc. is a mining company focused on the operation, development, exploration, and acquisition of precious metal projects in the Americas.

Where is SSR Mining Inc. headquartered?

SSR Mining Inc. is headquartered in Vancouver, Canada.

What are the main operations of SSR Mining?

SSR Mining's main operations include the Marigold Gold Mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada, and the Puna Operations Joint Venture in Argentina.

What metals does SSR Mining primarily produce?

SSR Mining primarily produces gold and silver.

What is the ticker symbol for SSR Mining Inc.?

The ticker symbol for SSR Mining Inc. is SSRM.

On which stock exchanges is SSR Mining listed?

SSR Mining is listed on the Nasdaq Capital Markets and the Toronto Stock Exchange.

Who leads SSR Mining Inc.?

SSR Mining Inc. is led by an experienced management team known for their expertise in mining operations and project development.

What are SSR Mining's future projects?

SSR Mining has two feasibility stage projects and a portfolio of exploration properties throughout North and South America.

How does SSR Mining ensure safe production?

SSR Mining is committed to delivering safe production through a strong emphasis on safety, operational efficiency, and environmental responsibility.

Where can I find the latest news on SSR Mining Inc.?

You can find the latest news on SSR Mining Inc. on their official website, press releases, and financial reports.

SSR Mining Inc.

Nasdaq:SSRM

SSRM Rankings

SSRM Stock Data

1.17B
202.10M
0.99%
74.6%
4.53%
Gold
Mineral Royalty Traders
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United States of America
DENVER