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 (SSRM) reported Q4 and full-year 2024 results, with Q4 production of 124,154 gold equivalent ounces at cost of sales of $1,295/oz and AISC of $1,857/oz. Full-year 2024 production reached 399,267 gold equivalent ounces at cost of sales of $1,307/oz and AISC of $1,878/oz.
Q4 net income was $5.6M ($0.03/share), while full-year showed a net loss of $261.3M (-$1.29/share), impacted by $272.9M in reclamation costs, $114.2M in impairment charges, and $108.7M in care & maintenance costs related to the Çöpler incident. The company ended 2024 with $387.9M in cash and total liquidity of $887.5M.
Notable achievements include Marigold reaching 5 million ounces of life-of-mine gold production and record silver production at Puna. The company also announced the acquisition of Cripple Creek & Victor Gold Mine for $100M upfront plus potential milestone payments of $175M.
SSR Mining (Nasdaq/TSX: SSRM, ASX: SSR) announced the appointment of Laura Mullen to its Board of Directors, effective February 15, 2025. Simultaneously, Leigh Ann Fisher resigned from the Board for personal reasons. Mullen brings nearly 40 years of experience from KPMG's audit practice and currently serves as a Director and Audit Committee Chair at Granite Construction. She will join SSR Mining's Audit Committee.
Mullen, a certified public accountant in California and member of the American Institute of Certified Public Accountants, holds a Bachelor of Science in business administration from California State University, Long Beach. Fisher, who joined the Board in 2022, served on both the Audit and Compensation & Leadership Development Committees during her tenure.
SSR Mining (Nasdaq/TSX: SSRM; ASX: SSR) has announced its schedule for the release of fourth quarter and full-year 2024 financial results. The company will publish its results on Tuesday, February 18, 2025, after markets close, followed by a conference call and webcast at 5:00 pm EST on the same day.
Investors and interested parties can join the conference call through toll-free numbers in U.S. and Canada (+1 (844) 763-8274) or internationally (+1 (412) 717-9224). An audio replay will be available for two weeks after the call. The company has also indicated that it will provide its 2025 guidance after completing the Cripple Creek & Victor acquisition, expected within the first quarter of 2025.
SSR Mining (SSRM) has released findings from an independent review of the February 13, 2024 heap leach failure incident at its Çöpler mine. The investigation, conducted by mining consulting firm Call & Nicholas, Inc. (CNI), revealed that the incident was caused by a fundamental flaw in the third-party engineered design of the heap leach pad.
The review found that the original design overestimated the shear strength properties of the liner system, resulting in inflated safety factor calculations and insufficient strength to support the facility. CNI confirmed that the construction and operation of the heap leach pad were carried out according to design specifications, and found no evidence that excess water, ground vibrations, or stacking beyond design limits contributed to the failure.
The company continues to work with authorities to obtain permits for restarting operations at Çöpler, though no timeline for resumption has been established.
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.