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.
On May 15, 2024, SSR Mining filed an amendment to its Proxy Statement for the Annual and Special Meeting on May 23, 2024. The amendment targets Proposal No. 3, updating the definition of 'Change of Control' in SSR Mining's 2024 Share Compensation Plan. Specifically, it removes subclause (vi), which allowed a majority of Incumbent Directors to determine a Change of Control. This change follows recommendations from proxy advisors. Other agenda items remain unaffected. The amendment reduces some discretionary power from the Incumbent Directors to clarify the change of control criteria. The updated Plan limits the issuance of shares to insiders to 3.75% of outstanding shares annually and caps the total shares issuable under the Plan at 5 million. Share units can be granted until May 23, 2027, subject to Toronto Stock Exchange's conditional approval. For more details, visit the SSR Mining website or the company's profiles on EDGAR, SEDAR+, and ASX.
SSR Mining Inc. reports financial results for Q1 2024 and updates on the Çöpler mine incident. The company expects to complete remediation efforts by Q3 2024, costing $250-$300 million. Cash position is $467 million with access to a $400 million credit facility. Operations at Çöpler will resume after regulatory approvals. Production guidance for 2024 is 340,000 to 380,000 gold equivalent ounces, excluding Çöpler.
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