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 (NASDAQ: SSRM) reported a third-quarter net loss of $25.8 million, or $0.12 per share, with a notable adjusted EPS loss of $0.07. Production reached 106,919 gold equivalent ounces, though year-to-date production totaled 441,164 ounces at costs of $955 per ounce and AISC of $1,331. Despite challenges, the company announced that it has restarted its Çöpler operations and targets full-year production of 620,000 - 655,000 ounces. SSR Mining closed the Pitarrilla project sale and plans to consolidate its operations with a new 30% joint venture interest acquisition.
SSR Mining announced the acquisition of an additional 30% interest in the Kartaltepe Mining Joint Venture for $150 million, increasing its ownership in the Çöpler District to 80%. The transaction is expected to create synergies, enhance cash flow, and increase exposure to valuable exploration assets, including the Çakmaktepe Extension. This strategic move is funded by proceeds from non-core asset sales, with expectations of continued resource growth and an improved mine life cash flow.
SSR Mining Inc. (NASDAQ: SSRM) will release its third quarter 2022 financial results on November 8, 2022, before market opening. The company will host a conference call on the same day at 5:00 pm EST to discuss the results, inviting investors, media, and the public to participate. The call will be available via a webcast and will be archived for later access. SSR Mining focuses on free cash flow generation from four producing assets across the USA, Türkiye, Canada, and Argentina, collectively producing approximately 794,000 gold-equivalent ounces in 2021.
SSR Mining Inc. (NASDAQ: SSRM) has announced positive results from 151 diamond drill holes at the Çakmaktepe Extension project, spanning May 2021 to June 2022. These findings contribute to a reserve of 1.7 million ounces of gold. Notably, the project aims to add 1.2 million ounces to the Çöpler mine's production profile, requiring $69 million in development capital. Key drill results include significant intercepts, such as 8.23 g/t Au over 28.3 meters. The company received its Environmental Impact Assessment for the first phase, paving the way for project advancement.
SSR Mining Inc. (NASDAQ: SSRM) announced on September 22, 2022, the restart of operations at the Çöpler mine following regulatory approvals from Türkiye's government. During its temporary suspension, SSR Mining completed planned maintenance on the sulfide plant, eliminating any scheduled maintenance for the remainder of 2022. The company emphasizes its position as a leading, free cash flow focused gold company with significant production capabilities, having produced approximately 794,000 gold-equivalent ounces in 2021 from its four assets.
SSR Mining reported solid Q2 2022 results with a diluted EPS of $0.27 and adjusted EPS of $0.30. The company produced 159,262 gold equivalent ounces at production costs of $986 per ounce. For the first half of 2022, total production was 333,201 ounces at $918 per ounce. Capital returns reached nearly $100 million, yielding 2.8%. Key developments included an acquisition and the sale of the Pitarrilla project. The Çöpler mine is set to restart operations in Q3 2022 after regulatory approval. A quarterly dividend of $0.07 per share was declared, payable September 6, 2022.
SSR Mining Inc. (NASDAQ: SSRM) has restructured its Chief Operating Officer role to enhance long-term success and operational excellence. This change introduces two new Executive Vice President positions: one focused on Growth and Innovation, filled by John Ebbett, and another on Operations and Sustainability, which is yet to be filled. Ebbett, who has a strong track record, will lead innovation initiatives, while outgoing COO Stewart Beckman transitions to a supportive role until the end of 2023. SSR Mining operates four assets producing approximately 794,000 gold-equivalent ounces in 2021.
SSR Mining has finalized the sale of its Pitarrilla project in Durango, Mexico, to Endeavour Silver Corp., receiving US$35 million in cash, US$35 million in Endeavour shares, and a 1.25% net smelter return royalty. This transaction followed necessary regulatory approvals and closing conditions. SSR Mining is recognized for its focus on free cash flow and operates four producing assets globally, yielding approximately 794,000 gold-equivalent ounces in 2021.
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.
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