Welcome to our dedicated page for SSR Mining news (Ticker: SSRM), a resource for investors and traders seeking the latest updates and insights on SSR Mining stock.
SSR Mining Inc., formerly known as Silver Standard Resources, is a leading Vancouver-based mining company dedicated to the operation, development, exploration, and acquisition of precious metal projects. Publicly traded under the ticker symbol SSRM on both the Nasdaq Capital Markets and the Toronto Stock Exchange, SSR Mining is a prominent player in the precious metals production industry.
SSR Mining's portfolio includes three major operations: the Marigold Gold Mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada, and the 75%-owned and operated Puna Operations Joint Venture in Jujuy Province, Argentina. The Puna Operations consist of the Pirquitas operation and the Chinchillas development project. Together, these sites highlight SSR Mining's focus on gold and silver production, with the Marigold mine being a significant source of gold and the Puna mine contributing primarily to silver production.
The company is led by an experienced management team known for their expertise in mining operations and project development. They have a proven track record of successful mine-building and operational excellence, which is reflected in SSR Mining's robust financial condition and strong balance sheet.
Besides its ongoing operations, SSR Mining has two projects in the feasibility stage and a portfolio of exploration properties across North and South America. These projects are strategically positioned to enhance the company's growth potential and ensure long-term sustainable production.
The SSR Mining team is known for its commitment to safety, operational efficiency, and environmental responsibility. Their dedication to safe and efficient production practices ensures they consistently meet production targets while maintaining high standards of environmental stewardship.
For the latest updates and detailed information about SSR Mining Inc., visit their official website or follow their press releases and financial reports.
SSR Mining announced its full year 2020 production results, achieving approximately 711,000 gold-equivalent ounces. The company anticipates 2021 production between 720,000 and 800,000 gold-equivalent ounces at all-in sustaining costs of $1,050 to $1,110 per ounce. President Rod Antal highlighted the transformative year following the Alacer Gold merger and the commitment to generating free cash flow while optimizing assets. Key operational catalysts and growth initiatives are planned, including significant capital expenditures for each operational site.
SSR Mining announced positive results from its Çöpler District Master Plan 2020, highlighting a significant increase in Mineral Reserves and Resources. The Reserve Case estimates an NPV at 5% of $1.7 billion, with a life of mine production of 3.6 million ounces of gold and average annual production of 266,000 ounces. The alternative Preliminary Economic Assessment (PEA) Case suggests a potential NPV of $2.2 billion with 4.6 million ounces of gold and 306,000 ounces annual production. The company is set to construct a supplemental flotation circuit to enhance operational efficiencies.
SSR Mining Inc. (NASDAQ: SSRM) announced promising results from its diamond drilling program at the Çöpler copper-gold porphyry target (C2), located beneath the Çöpler Main pit. Four drill holes completed along a 730-meter line intersected gold-rich copper porphyry mineralization. Key results include an intercept of 0.74% CuEq over 241.5 meters and 1.77% CuEq over 32 meters. The findings indicate the potential for significant growth opportunities at Çöpler, with ongoing drilling and metallurgical tests planned to further assess the mineralization.
SSR Mining reported third-quarter 2020 financial results, highlighting an adjusted EPS of $0.49 and a net income of $67.8 million. The company completed a merger with Alacer Gold, enhancing its position in the precious metals sector. Notably, SSR Mining announced a quarterly cash dividend of $0.05 per share to start in Q1 2021, indicating strong cash flow sustainability. Year-to-date production reached 491,821 gold equivalent ounces, with a revised guidance of 680,000 to 760,000 ounces for the full year. The company maintains a robust cash balance of $772.8 million and operational stability across all mines.
SSR Mining Inc. is set to announce its third quarter 2020 consolidated financial results on November 12, 2020, before market opening. A conference call will follow on the same day at 5:00 pm EST, allowing investors and media to engage with company leadership. SSR Mining, a leading intermediate gold company, operates four producing assets across USA, Turkey, Canada, and Argentina, boasting a diversified portfolio that yielded over 720,000 ounces of gold in 2019.
SSR Mining Inc. (NASDAQ: SSRM) has updated its full-year 2020 outlook after completing its merger with Alacer Gold on September 16, 2020. The company anticipates producing 680,000 to 760,000 gold equivalent ounces at all-in sustaining costs (AISC) of $965 to $1,040 per ounce. The production guidance reflects challenges due to COVID-19 but expects a strong fourth quarter. The company aims to enhance its growth portfolio with an upcoming technical report on the Çöpler project, which is expected to define low capital intensity growth opportunities.
SSR Mining and Alacer Gold have completed a merger of equals following regulatory approvals. Under the arrangement, each Alacer share was exchanged for 0.3246 SSR Mining shares, making Alacer a wholly owned subsidiary of SSR Mining. Post-transaction, SSR Mining's pro forma market capitalization stands at approximately US$5 billion. The new board comprises ten directors from both companies, with Rod Antal as President & CEO. SSR Mining shares continue trading under the ticker SSRM on TSX and NASDAQ, with trading on the ASX starting on September 17, 2020.
SSR Mining and Alacer Gold have received final regulatory clearance for their merger, expected to close on September 16, 2020. Following the merger, normal trading of SSR Mining shares will continue on both the TSX and NASDAQ. Alacer CDI holders will cease trading on September 14, 2020, with SSR Mining set to be listed on the ASX on September 17, 2020. This merger aims to enhance production capabilities and drive shareholder value through operational synergy.
SSR Mining reported its Q2 2020 results, showcasing strong income from mining operations of $34 million, despite a net loss of $6.3 million. The cash position improved to $462 million. The phased restart of operations at Seabee and Puna was successful. Ongoing merger with Alacer Gold aims to enhance production capabilities. Marigold mine produced 49,918 ounces of gold at a cash cost of $864 per ounce. However, silver and by-product sales fell significantly due to temporary suspensions attributed to COVID-19. Overall, exploration continues with positive results at Trenton Canyon.
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