Ssr Mng Inc Stock Price, News & Analysis

SSR Mining has announced a significant milestone as its Marigold Mine achieved 5 million ounces of gold production on December 30, 2024. The mine has maintained continuous operations for over 35 years, with more than 2 million ounces produced since SSR Mining's acquisition in 2014.

Notable achievements include a record 278,000 ounces of gold production in 2023. The mine currently holds nearly 3 million ounces of Mineral Reserves as of December 31, 2023, supporting a minimum 9-year mine life. The company has allocated approximately $10 million in growth expenditures for 2024, focusing on mine life extension opportunities, including the Buffalo Valley project.

SSR Mining (SSRM) has announced the acquisition of the Cripple Creek & Victor Gold Mine (CC&V) from Newmont for $100 million upfront, with potential additional milestone-based payments of up to $175 million. The acquisition positions SSR Mining as the third largest U.S. gold producer, with CC&V expected to add approximately 170,000 ounces in annual gold production.

The transaction includes CC&V's gold Mineral Reserves of approximately 1.3 million ounces, plus 1.6 million ounces of Measured & Indicated Mineral Resources. The mine, located in Colorado, has been actively operating for over 30 years and features conventional open pit mining methods with oxide processing through valley leach facilities.

SSR Mining (SSRM) reports Q3 2024 results and updates on the February 13 Çöpler mine incident. The company produced 97,429 gold equivalent ounces in Q3, with net income of $10.6 million ($0.05 per share). Operations at Çöpler remained suspended, while Seabee operations were temporarily halted due to forest fires but resumed on October 11. The Çöpler remediation is estimated to cost $250-300 million over 24-36 months, with $103.3 million spent since April. The company ended Q3 with $334.3 million in cash and total liquidity of $834.0 million.

SSR Mining Inc. (Nasdaq/TSX: SSRM, ASX: SSR) has announced the date for its third quarter 2024 consolidated financial results release and conference call. The news release containing the financial results will be issued on Wednesday, November 6, 2024, after markets close. A conference call and webcast will follow at 5:00 pm EST on the same day.

Investors, media, and the public are invited to participate in the call. Toll-free access in the U.S. and Canada is available at +1 (844) 763-8274, while all other callers can dial +1 (412) 717-9224. The webcast will be accessible at ir.ssrmining.com/investors/events. An audio replay will be available for two weeks after the call.

SSR Mining Inc. (Nasdaq/TSX: SSRM, ASX: SSR) has announced that its Seabee operations will restart in the second half of October. The fire activity near the site has significantly reduced and is being actively managed. Following the evacuation on August 21, 2024, a small team remained on site to assist with fire protection activities.

While the process plant and Santoy mine were not materially impacted, some remote equipment, including power poles, piping, and exploration equipment, was damaged. Employees have been cleared to return to the site to begin repairs. The company will update Seabee's production and cost guidance with its third quarter 2024 financial results.

SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) has temporarily suspended operations at its Seabee mine due to nearby forest fires. The company is evacuating staff from the site as a precautionary measure, following established protocols. As of now, there have been no injuries reported, and no damage to equipment or infrastructure has occurred. SSR Mining has stated that further information will be provided as necessary. This sudden suspension could potentially impact the company's production and financial performance in the short term, depending on the duration of the closure and any potential damage that may occur.

SSR Mining reported Q2 2024 results with 76,102 gold equivalent ounces produced at a cost of sales of $1,357 per ounce and an AISC of $2,116 per ounce. Operations at the Çöpler mine remained suspended due to the February 13, 2024 incident. First half production reached 177,691 gold equivalent ounces with cost of sales at $1,244 per ounce and AISC of $1,789 per ounce.

For Q2 2024, net income was $9.7 million, or $0.05 per diluted share. Cash flow was negative $78.1 million. The company retains a strong balance sheet with $358 million in cash and total liquidity over $850 million. SSR Mining's annual production guidance remains unchanged at 340,000 to 380,000 gold equivalent ounces.

Remediation at Çöpler has cost $55 million this quarter and total costs are estimated at $250-300 million. Investigations are ongoing, with Turkish authorities affirming no contamination. The company expects to process 706,000 ounces of sulfide stockpiles economically while remediation continues.

SSR Mining (NASDAQ/TSX: SSRM, ASX: SSR) will announce its second quarter 2024 consolidated financial results on July 31, 2024, after market close. The company has scheduled a conference call and webcast for the same day at 5:00 pm EDT. The call can be accessed toll-free in the U.S. and Canada by dialing +1 (844) 763-8274 or for international callers by dialing +1 (412) 717-9224. An audio replay will be available for two weeks post-call. SSR Mining invites investors, media, and the public to join the call. More details and the webcast link can be found on the company's investor relations website.

SSR Mining (NASDAQ: SSRM, TSX: SSR) has chosen ISNetworld for managing contractor information at its Seabee Operations, an underground mine in Northern Saskatchewan producing gold doré bars. ISN will aid in enhancing contractor management through review, verification, communication, compliance, scorecard creation, and monitoring. SSR Mining aims to implement industry best practices and prioritize worker health and safety. ISN's platform will assist in managing worker qualifications and mobilization. This partnership is seen as a step towards creating a safer, more sustainable work environment.