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SSR Mining Announces Precautionary Suspension of Operations at Seabee Due to Forest Fires

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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 Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ha sospeso temporaneamente le operazioni nella sua miniera di Seabee a causa di incendi boschivi nelle vicinanze. L'azienda sta evacuando il personale dal sito come misura precauzionale, seguendo i protocolli stabiliti. Al momento, non sono stati segnalati incidenti e nessun danno all'attrezzatura o all'infrastruttura è stato riscontrato. SSR Mining ha dichiarato che ulteriori informazioni saranno fornite secondo necessità. Questa improvvisa sospensione potrebbe influenzare la produzione e le performance finanziarie dell'azienda nel breve termine, a seconda della durata della chiusura e di eventuali danni che potrebbero verificarsi.

SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ha suspendido temporalmente las operaciones en su mina Seabee debido a incendios forestales cercanos. La empresa está evacuando al personal del sitio como medida de precaución, siguiendo los protocolos establecidos. Hasta ahora, no se han reportado lesiones y no ha habido daños en equipos o infraestructura. SSR Mining ha indicado que se proporcionará más información según sea necesario. Esta suspensión repentina podría afectar potencialmente la producción y el rendimiento financiero de la empresa a corto plazo, dependiendo de la duración del cierre y de cualquier daño que pueda ocurrir.

SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR)은 인근 산불로 인해 Seabee 광산의 운영을 일시적으로 중단했습니다. 회사는 정해진 절차에 따라 현장 직원들을 대피시키고 있습니다. 현재까지 부상자는 보고되지 않았으며 장비나 인프라에 대한 피해도 발생하지 않았습니다. SSR Mining은 필요시 추가 정보를 제공할 것이라고 밝혔습니다. 이번 갑작스러운 운영 중단은 닫힘 기간과 발생할 수 있는 피해 정도에 따라 단기적으로 회사의 생산 및 재무 성과에 영향을 미칠 수 있습니다.

SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) a suspendu temporairement ses opérations dans sa mine de Seabee en raison d'incendies de forêt à proximité. L'entreprise évacue son personnel du site en tant que mesure de précaution, conformément aux protocoles établis. À ce jour, aucune blessure n'a été signalée et aucun dommage aux équipements ou à l'infrastructure n'a été constaté. SSR Mining a indiqué que des informations supplémentaires seraient fournies si nécessaire. Cette suspension soudaine pourrait avoir un impact potentiel sur la production et les performances financières de l'entreprise à court terme, en fonction de la durée de la fermeture et des dommages éventuels qui pourraient survenir.

SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) hat die Betriebe in seiner Seabee-Mine vorübergehend eingestellt aufgrund von nahegelegenen Waldbränden. Das Unternehmen evakuiert das Personal von der Baustelle als Vorsichtsmaßnahme und folgt den festgelegten Protokollen. Bis jetzt gab es keine Verletzten und keine Schäden an Geräten oder Infrastruktur wurden festgestellt. SSR Mining hat erklärt, dass weitere Informationen nach Bedarf bereitgestellt werden. Diese plötzliche Unterbrechung könnte je nach Dauer der Schließung und möglichen Schäden, die auftreten könnten, kurzfristig Auswirkungen auf die Produktion und die finanzielle Leistung des Unternehmens haben.

Positive
  • No injuries or damage to equipment/infrastructure reported so far
  • Company following established safety protocols for evacuation
Negative
  • Temporary suspension of operations at Seabee mine
  • Potential impact on production and financial performance
  • Uncertainty regarding the duration of the suspension

Insights

The temporary suspension of operations at SSR Mining's Seabee site due to forest fires is a significant development with potential short-term implications. While the company reports no injuries or damage to equipment, the duration of the suspension remains uncertain, which could impact production targets and financial performance.

Investors should consider the following:

  • Potential production delays and their effect on quarterly output
  • Increased operational costs due to evacuation and potential restart procedures
  • Insurance coverage for such events and any deductibles that may apply

The swift implementation of safety protocols demonstrates good risk management, but the situation underscores the vulnerability of mining operations to environmental factors. This event may prompt a reassessment of SSR Mining's risk profile and the robustness of its business continuity plans.

The forest fires near SSR Mining's Seabee operation highlight the increasing impact of climate-related risks on mining activities. This incident serves as a stark reminder of the growing frequency and severity of environmental hazards affecting the industry.

Key considerations include:

  • The need for enhanced fire prevention and mitigation strategies in mining operations
  • Potential for stricter regulations and increased costs for environmental safeguards
  • Long-term implications for site selection and operational planning in fire-prone regions

Investors should evaluate SSR Mining's broader portfolio to assess its exposure to similar climate-related risks across different geographical locations. This event may catalyze a sector-wide reassessment of environmental risk management practices.

DENVER--(BUSINESS WIRE)-- SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") announces that operations at Seabee have been temporarily suspended due to forest fires in the vicinity of the mine. As per the Company’s protocols, staff are being evacuated from the site. There have been no injuries or damage to equipment or infrastructure at this time.

Further information will be provided as necessary.

About SSR Mining

SSR Mining is listed under the ticker symbol SSRM on the Nasdaq and the TSX, and SSR on the ASX.

SSR Mining Inc.

invest@ssrmining.com

+1 (888) 338-0046

To receive SSR Mining’s news releases by e-mail, please register using the SSR Mining website at www.ssrmining.com.

Source: SSR Mining Inc.

FAQ

Why did SSR Mining (SSRM) suspend operations at the Seabee mine?

SSR Mining (SSRM) suspended operations at the Seabee mine as a precautionary measure due to forest fires in the vicinity of the mine.

Has there been any damage to SSR Mining's (SSRM) Seabee mine due to the forest fires?

As of the announcement, SSR Mining (SSRM) reported no damage to equipment or infrastructure at the Seabee mine due to the forest fires.

What actions is SSR Mining (SSRM) taking in response to the forest fires near Seabee?

SSR Mining (SSRM) is evacuating staff from the Seabee site and has temporarily suspended operations as per the company's safety protocols.

When will SSR Mining (SSRM) resume operations at the Seabee mine?

SSR Mining (SSRM) has not provided a specific date for resuming operations at Seabee. The company stated that further information will be provided as necessary.

SSR Mining Inc.

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