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.
Company Overview
SSR Mining Inc (SSRM) is a Vancouver-based mining company deeply entrenched in the exploration, acquisition, development, and operation of precious metals production assets. With a rich history in the mining sector, SSR Mining is recognized for its expertise in mining operations and its strategic emphasis on gold and silver production, which has cemented its role as a major player in the industry.
Core Business and Operations
At its core, SSR Mining focuses on extracting and processing high-value precious metals. The company owns and operates key mining operations that span multiple regions in the Americas. Its portfolio includes:
- Marigold Mine in Nevada: A cornerstone operation known for substantial gold output and advanced mining practices.
- Seabee Gold Operation in Saskatchewan: An established asset that adds to the company's diversified production base.
- Puna Operations in Argentina: A joint venture comprising mature operations and development projects, contributing significantly to silver production.
Exploration and Development Strategy
SSR Mining balances production with robust exploration efforts. Its portfolio of exploration properties across North and South America positions the company to continually discover and develop new mining opportunities. This exploration strategy not only supports current operations but also provides a pipeline of future projects, ensuring a dynamic presence in the precious metals sector.
Operational Excellence and Safety
The company places a strong emphasis on safe production practices and operational integrity. Its management team, known for their industry experience and technical prowess, oversees the day-to-day operations and long-term strategies with a focus on efficiency and safety. This careful management of both mature assets and development projects demonstrates SSR Mining's commitment to sustaining high standards in mining operations.
Market Position and Competitive Landscape
SSR Mining operates within a competitive market where strategic asset positioning and operational competence are key differentiators. Its diverse asset base, spread across prominent mining regions, allows the company to mitigate risks associated with geographic or regulatory variances. By focusing on both established mines and promising exploration projects, SSR Mining distinguishes itself through a balanced approach that caters to both current production and future growth potential.
Investor Insights and Operational Transparency
For investors and industry analysts, SSR Mining presents a compelling case study of operational resilience and strategic resource management. Its multi-regional presence, combined with a portfolio that spans various stages of production and development, provides nuanced insights into the challenges and opportunities within the precious metals sector. The company’s transparent communication regarding its operations, management philosophy, and exploration initiatives reflects a deep-seated commitment to maintaining credibility and trust in the marketplace.
Conclusion
In summary, SSR Mining Inc stands as a seasoned and comprehensive mining company, with a strategic focus on gold and silver production across key operations in the Americas. Its established mines, rigorous exploration agenda, and commitment to safe production practices underline its significance within the precious metals industry. This detailed overview aims to equip stakeholders with an in-depth understanding of the company’s business model, operational framework, and market positioning.
SSR Mining (SSRM) has announced its 2025 production guidance, projecting 410,000 to 480,000 gold equivalent ounces from its Marigold, CC&V, Seabee, and Puna operations, representing a >10% year-over-year increase. This guidance excludes potential contributions from the Çöpler mine, currently under care & maintenance.
The company completed the acquisition of CC&V on February 28, 2025, which hosts 2.4 million ounces of gold reserves, an 85% increase from the previous year. The consolidated cost of sales is expected to be $1,375-$1,435 per payable ounce, with AISC of $2,090-$2,150 per payable ounce.
At Hod Maden, development continues with planned project capital of $60-100 million for 2025, focusing on site establishment and access infrastructure. The company maintains its estimate of $250-300 million for Çöpler remediation costs, with quarterly care & maintenance costs of $35-40 million until operations resume.
SSR Mining (SSRM) has completed the acquisition of the Cripple Creek & Victor (CC&V) gold mine from Newmont for an initial cash payment of $100 million, with potential additional milestone-based payments of up to $175 million. The transaction closed on February 28, 2025, positioning SSR Mining as the third largest gold producer in the USA.
CC&V's gold Mineral Reserves increased significantly to 2.4 million ounces as of December 31, 2024, up 85% from 1.3 million ounces in 2023. The mine also reports 0.8 million ounces of Measured and Indicated Resources and 0.9 million ounces of Inferred Resources. Production and free cash flow from CC&V will be attributable to SSR Mining starting March 1, 2025, with full-year 2025 guidance expected by the end of Q1.
SSR Mining (SSRM) has announced its voluntary delisting from the Australian Securities Exchange (ASX), effective April 8, 2025. The company's CHESS depositary interests (CDIs) will cease trading on ASX on April 4, 2025. The decision comes as CDI holdings represent only 1.74% of total shares, with low trading volumes compared to Nasdaq and TSX.
The company will continue trading on Nasdaq and Toronto Stock Exchange under 'SSRM'. CDI holders have several options: convert CDIs to shares (1:1 ratio) for trading on TSX/Nasdaq until June 17, 2025, sell CDIs on ASX before suspension, participate in a Voluntary Sale Facility, or have shares sold through a Compulsory Sale Process. The company will cover all brokerage and related costs for both sale facilities.
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.
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