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 (NASDAQ: SSRM) announced the resignation of Board Directors Beverlee F. Park and Elizabeth A. Wademan, who played key roles post-merger with Alacer Gold. Following their departures, the Board now comprises eight directors, with ongoing evaluations planned for its composition. SSR Mining is focused on growth and operates four producing assets across the USA, Turkey, Canada, and Argentina, delivering approximately 711,000 gold-equivalent ounces in 2020.
SSR Mining Inc. (NASDAQ: SSRM) has corrected the release date for its third quarter 2021 consolidated financial results to before market open on November 3, 2021, one day earlier than initially scheduled. The associated conference call will take place on the same day at 5:00 PM EDT. SSR Mining operates four producing assets across the USA, Turkey, Canada, and Argentina, generating approximately 711,000 gold-equivalent ounces in 2020. For further information, visit their website.
SSR Mining Inc. will release its third quarter 2021 consolidated financial results on November 4, 2021, before markets open. A conference call is scheduled for the same day at 5:00 pm EDT, with toll-free access for U.S. and Canadian callers. The company's operating assets produced approximately 711,000 gold-equivalent ounces in 2020, emphasizing its focus on free cash flow. Investors can access the call via a webcast or through an audio replay for two weeks post-event.
SSR Mining announced positive results from 127 drill holes at the Seabee mine in Saskatchewan, Canada. The Gap Hanging Wall (GHW) has 300,000 ounces categorized as Indicated Mineral Resources, with another 167,000 ounces Inferred. Current drilling aims to convert these into Mineral Reserves by 2022. Notable intercepts include 19.16 g/t Au over 6.98 meters. The Santoy Hanging Wall (SHW) shows potential for mining viability, with intercepts like 16.31 g/t over 3.56 meters. The Joker target may extend mine operations beyond GHW and SHW, adding further value to SSRM.
SSR Mining Inc. (NASDAQ: SSRM) announced positive results from 194 diamond drill holes at the Ardich project, indicating significant gold mineralization potential. From 2020 to 2021, drilling confirmed extensions of mineralization, with notable gold intercepts such as 7.48 g/t Au over 40.7 meters. This builds on the preliminary economic analysis from November 2020, which estimated 1.23 million ounces of gold from Measured and Indicated resources with a net present value of $431M. SSR Mining targets a maiden Mineral Reserve declaration in 2022 and plans first gold production in 2023.
SSR Mining reported strong financial results for Q2 2021, achieving an adjusted EPS of $0.46 and $100 million in free cash flow. Total production reached 199,673 gold equivalent ounces with an all-in sustaining cost (AISC) of $961 per ounce. The company generated $148.6 million in cash from operating activities and declared a quarterly dividend of $0.05 per share, payable on September 13, 2021. SSR Mining's balance sheet remains robust, with cash reserves of $870.4 million and a focus on organic growth projects across Turkey, the US, and Canada.
SSR Mining Inc. (NASDAQ: SSRM) announced the sale of its Royalty Portfolio to EMX Royalty Corporation for US$100 million. The deal includes US$33 million in cash, US$33 million in EMX shares, and US$34 million in deferred payments tied to project milestones. This transaction enhances shareholder value and will lead to SSR Mining holding approximately 12% equity in EMX after closing, expected in Q4 2021. The Royalty Portfolio comprises 18 interests, including projects in Turkey and various stages across the Americas.
SSR Mining Inc. (NASDAQ: SSRM) has scheduled its second quarter 2021 consolidated financial results release for August 4, 2021, before markets open. A conference call will follow the release on the same day at 5:00 pm EDT, accessible via toll-free numbers or webcast. The company operates four producing gold assets across the USA, Turkey, Canada, and Argentina, which yielded approximately 711,000 gold-equivalent ounces in 2020. The results will inform investors of the company's ongoing financial performance.
SSR Mining Inc. (NASDAQ: SSRM) has announced an amendment to its undrawn revolving credit facility, increasing its size from US$75 million to US$200 million. This new facility features an upsized accordion option from US$25 million to US$100 million and extends the term to June 8, 2025. The facility will incur a variable interest rate based on the London Interbank Offered Rate plus a margin of 2.00% to 3.00%, depending on the company's net leverage ratio. This financing can be utilized for working capital, reclamation bonding, and other corporate purposes.
SSR Mining Inc. (NASDAQ: SSRM) announced the results of its 2021 Annual and Special Meeting of Shareholders held on May 21, 2021. All ten director nominees were elected, with voting percentages ranging from 90.01% to 99.86%. Additionally, shareholders approved the appointment of the auditor with 96.17% support, a non-binding advisory resolution on executive compensation with 96.04%, and the company's 2021 Share Compensation Plan, which received 73.89% approval. SSR Mining focuses on gold production with assets in multiple countries, producing approximately 711,000 gold-equivalent ounces in 2020.
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