Welcome to our dedicated page for Ssr Mng news (Ticker: SSRM), a resource for investors and traders seeking the latest updates and insights on Ssr Mng stock.
SSR Mining Inc. reports developments tied to its precious-metals mining portfolio and publicly traded common shares on Nasdaq and the TSX. Company updates commonly cover consolidated operating and financial results, gold-equivalent production, operating guidance, Mineral Reserves and Mineral Resources, and technical disclosures for assets and projects such as Marigold, Seabee, Puna, Hod Maden, Buffalo Valley, Cortaderas, Porky, and the Cripple Creek & Victor Gold Mine.
Recurring corporate news also includes capital-return actions such as normal course issuer bids and share repurchase programs, capital-structure matters involving convertible senior notes, annual meeting voting results, director elections, executive compensation advisory votes, auditor appointments, and other governance matters.
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.
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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.
SSR Mining Inc. reported strong financial results for Q4 2020, driven by operational momentum and the completion of the Alacer merger. The company produced 220,000 gold-equivalent ounces at an All-in Sustaining Cost (AISC) of $976 per ounce, generating $157 million in free cash flow. Fourth-quarter revenue reached $152 million, with an adjusted attributable EPS of $0.50 per share. SSR Mining also declared its first quarterly dividend of $0.05 per share and expects to sustain production between 700,000 to 800,000 gold-equivalent ounces over the next five years.
SSR Mining declared a quarterly cash dividend of US$0.05 per common share, payable on March 31, 2021. Shareholders on record by March 5, 2021 are eligible. This dividend qualifies as an 'eligible dividend' for Canadian income tax. The announcement includes key dates for processing conversions of shares and CDIs, with CDIs trading ex-dividend on March 4, 2021. Payments to Canadian shareholders will be made in Canadian dollars, while others will receive payments in US dollars. Non-resident withholding tax at 25% applies unless a tax treaty is in place.
SSR Mining Inc. (NASDAQ: SSRM) has announced the date for its fourth quarter and year-end 2020 consolidated financial results, which will be released on February 17, 2021, before market opening. A conference call is scheduled for the same day at 5:00 pm EST. The company produced approximately 711,000 gold-equivalent ounces in 2020 from its four operating assets across the USA, Turkey, Canada, and Argentina. Investors can access the conference call via toll-free numbers and a webcast available on SSR Mining's website.