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) is a precious metals producer listed on the Nasdaq and TSX that regularly issues detailed updates on its operations, financial performance, and technical studies. The news flow for SSR Mining covers its gold and silver production, cost metrics, development projects, and corporate governance matters, giving investors and followers insight into how the company manages its multi-mine portfolio.
News releases include quarterly and annual financial results, where SSR Mining reports gold, silver, lead and zinc production and sales, gold equivalent ounces, cost of sales, cash costs, and all-in sustaining costs (AISC). These updates also discuss operating performance at key assets such as the Marigold mine, the Cripple Creek & Victor (CC&V) mine, the Seabee operation, and the Puna operation, along with commentary on cash flow generation and liquidity.
SSR Mining’s news also highlights technical and strategic developments. Examples include the acquisition and integration of CC&V, the filing of a Technical Report Summary for CC&V prepared under Subpart 1300 of Regulation S-K, mine life extension work at Puna, and progress on the Hod Maden copper-gold project. Operational updates, such as the temporary suspension and subsequent restart of Seabee due to power interruptions from nearby forest fires, provide additional context on site-level conditions.
Corporate and governance announcements, including annual meeting voting results and changes to the Board of Directors, are also communicated through news releases. Readers who follow SSRM news can track production trends, cost performance, project milestones, and board-level decisions in one place, making this news feed a useful resource for monitoring the company’s ongoing activities.
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.
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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.
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.