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) 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.