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. (SSRM) delivers precious metals production through strategic operations across the Americas. This news hub provides investors and industry observers with timely updates on the company's operational developments, financial performance, and exploration progress.
Access authoritative reporting on quarterly earnings, resource expansion at key sites like the Marigold Mine, and operational milestones from Argentina's Puna Operations. Our curated news collection enables efficient tracking of management decisions, production trends, and market positioning in the gold/silver mining sector.
Key updates include production results, exploration discoveries, and corporate strategies shaping SSRM's growth. The repository serves as a centralized source for evaluating the company's operational health and long-term prospects in precious metals markets.
Bookmark this page for streamlined access to verified SSRM announcements and third-party analysis. Regular updates ensure stakeholders maintain current awareness of developments impacting this established North/South American mining operator.
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.
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.
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.
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.
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.
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.
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.
SSR Mining announced a significant milestone at its Marigold mine, achieving the production of its four millionth ounce of gold as of June 30, 2020. The mine has been operational for over 30 years and set a production record of 220,227 ounces in 2019. CEO Paul Benson highlighted the mine's consistent replacement of Mineral Reserves and Resources, indicating a longer mine life. The company is increasing its 2020 exploration budget by $2 million to $14 million to enhance drilling at Trenton Canyon, aiming to improve Mineral Resources further.
SSR Mining (NASDAQ: SSRM) and Alacer Gold (TSX: ASR) announced that the Australian Securities Exchange has granted conditional approval for SSR Mining to be included on the ASX as part of their merger of equals. This approval is contingent on shareholder votes at meetings on July 10, 2020, and final court approval. Following these approvals, Alacer CDIs will be suspended for about two trading days, and SSR Mining CDIs will trade on a deferred settlement basis for four to five days after the arrangement closes. Shareholders are urged to vote by July 6, 2020.
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