Ssr Mng Inc Stock Price, News & Analysis

SSR Mining Inc. (NASDAQ: SSRM) has scheduled its second quarter 2022 consolidated financial results news release for August 2, 2022, before market opening. The company invites investors and the public to join its conference call on the same day at 5:00 PM EDT, with dial-in details provided for U.S. and international callers. SSR Mining operates four producing assets across USA, Turkey, Canada, and Argentina, yielding approximately 794,000 gold-equivalent ounces in 2021.

SSR Mining Inc. (NASDAQ: SSRM) acknowledges local Turkish media reports suggesting a potential temporary halt of operations at the Çöpler mine. The company is waiting for a formal response from the Ministry of Environment regarding these reports. On June 21, SSR Mining reported a minor leak of eight kilograms of cyanide within the mine area, which was promptly cleaned up and had no environmental impact. The company remains committed to informing the market of any significant developments.

SSR Mining Inc. (NASDAQ: SSRM) has announced its inclusion in the Russell 1000® and Russell 3000® Indexes, effective after the U.S. market opens on June 27, 2022. This inclusion is significant as Russell indexes are benchmarks for investment managers, with approximately $12 trillion in assets linked to them. SSR Mining is recognized as a leading gold company, focusing on free cash flow, with four operations in the USA, Turkey, Canada, and Argentina, producing about 794,000 gold-equivalent ounces in 2021.

SSR Mining (NASDAQ: SSRM) announced its acceptance of a Notice of Intention to initiate a Normal Course Issuer Bid (NCIB) from the Toronto Stock Exchange. The NCIB permits the company to purchase up to 10,600,000 common shares, representing 5.0% of its total shares. SSR Mining previously executed a similar bid, purchasing 8,800,700 shares. This initiative is part of its capital allocation framework aimed at enhancing shareholder returns, supported by a 40% increase in its quarterly dividend to $0.07/share, amounting to $60 million annually.

SSR Mining Inc. announced that all eight nominees for its Board of Directors were successfully elected during the 2022 Annual Meeting of Shareholders held on May 27, 2022. Notable voting results include Rod Antal receiving 99.84% of the votes in favor. Additionally, shareholders approved a resolution for a one-year frequency for future advisory votes on executive compensation and accepted the Company's approach to executive compensation. The 2022 Employee Share Purchase Plan was also approved, along with the appointment of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending December 31, 2022.

SSR Mining reported Q1 2022 financial results, highlighting attributable net income of $67.6 million, or $0.31 per diluted share, alongside a 40% increase in quarterly dividend to $0.07. The company produced 173,675 gold equivalent ounces at an all-in sustaining cost (AISC) of $1,093 per ounce. Record production was noted at Seabee and continued progress at Çakmaktepe Extension with expected first production in 2023. Cash flow for Q1 reached $62.2 million with free cash flow of $27.7 million. The acquisition of Taiga Gold expanded their land position in Saskatchewan to approximately 131,000 hectares.

SSR Mining has successfully completed the acquisition of Taiga Gold Corp, consolidating a 100% interest in the Fisher property adjacent to its Seabee mine. The deal eliminates a 2.5% net smelter return royalty and includes five additional properties spanning over 29,100 hectares, enhancing SSR Mining's exploration capabilities in Saskatchewan. Taiga Gold shareholders will receive C$0.265 per share, totaling approximately C$30 million. Following the acquisition, Taiga Gold will be delisted, ceasing to be a reporting issuer.