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 Inc. (NASDAQ: SSRM) acknowledges local Turkish media reports suggesting a potential temporary halt of operations at the Çöpler mine. The company is waiting for a formal response from the Ministry of Environment regarding these reports. On June 21, SSR Mining reported a minor leak of eight kilograms of cyanide within the mine area, which was promptly cleaned up and had no environmental impact. The company remains committed to informing the market of any significant developments.
SSR Mining Inc. (NASDAQ: SSRM) has announced its inclusion in the Russell 1000® and Russell 3000® Indexes, effective after the U.S. market opens on June 27, 2022. This inclusion is significant as Russell indexes are benchmarks for investment managers, with approximately $12 trillion in assets linked to them. SSR Mining is recognized as a leading gold company, focusing on free cash flow, with four operations in the USA, Turkey, Canada, and Argentina, producing about 794,000 gold-equivalent ounces in 2021.
SSR Mining (NASDAQ: SSRM) announced its acceptance of a Notice of Intention to initiate a Normal Course Issuer Bid (NCIB) from the Toronto Stock Exchange. The NCIB permits the company to purchase up to 10,600,000 common shares, representing 5.0% of its total shares. SSR Mining previously executed a similar bid, purchasing 8,800,700 shares. This initiative is part of its capital allocation framework aimed at enhancing shareholder returns, supported by a 40% increase in its quarterly dividend to $0.07/share, amounting to $60 million annually.
SSR Mining Inc. announced that all eight nominees for its Board of Directors were successfully elected during the 2022 Annual Meeting of Shareholders held on May 27, 2022. Notable voting results include Rod Antal receiving 99.84% of the votes in favor. Additionally, shareholders approved a resolution for a one-year frequency for future advisory votes on executive compensation and accepted the Company's approach to executive compensation. The 2022 Employee Share Purchase Plan was also approved, along with the appointment of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending December 31, 2022.
SSR Mining reported Q1 2022 financial results, highlighting attributable net income of $67.6 million, or $0.31 per diluted share, alongside a 40% increase in quarterly dividend to $0.07. The company produced 173,675 gold equivalent ounces at an all-in sustaining cost (AISC) of $1,093 per ounce. Record production was noted at Seabee and continued progress at Çakmaktepe Extension with expected first production in 2023. Cash flow for Q1 reached $62.2 million with free cash flow of $27.7 million. The acquisition of Taiga Gold expanded their land position in Saskatchewan to approximately 131,000 hectares.
SSR Mining has successfully completed the acquisition of Taiga Gold Corp, consolidating a 100% interest in the Fisher property adjacent to its Seabee mine. The deal eliminates a 2.5% net smelter return royalty and includes five additional properties spanning over 29,100 hectares, enhancing SSR Mining's exploration capabilities in Saskatchewan. Taiga Gold shareholders will receive C$0.265 per share, totaling approximately C$30 million. Following the acquisition, Taiga Gold will be delisted, ceasing to be a reporting issuer.
SSR Mining Inc. (NASDAQ: SSRM) plans to release its first quarter 2022 consolidated financial results on May 3, 2022, before market opening. Investors and the public can join a conference call at 5:00 PM EDT on the same day. The call will provide insights into the company's financial performance, including earnings and production metrics. SSR Mining operates four producing assets across the USA, Turkey, Canada, and Argentina, producing approximately 794,000 gold-equivalent ounces in 2021.
SSR Mining Inc. (NASDAQ: SSRM) announced the appointment of Ms. Leigh Ann Fisher to its Board of Directors. With over 30 years of experience in finance and leadership, Ms. Fisher previously served as Executive Vice President and Chief Administrative Officer of Alcoa Corporation until 2020. Her expertise includes human resources and procurement. Chairman Michael Anglin expressed confidence in her ability to enhance the board's effectiveness. SSR Mining is a prominent gold company with four operating assets producing approximately 794,000 gold-equivalent ounces in 2021.
SSR Mining Inc. reported strong financial results for 2021, achieving attributable EPS of $0.60 and adjusted EPS of $0.46. The company generated operating cash flow of $609 million and free cash flow of $444 million, with capital returns of $191 million. A significant highlight was a 40% increase in the dividend, now at $0.07 per share. The total gold Mineral Reserves rose by 14% to 9.2 million ounces, driven by resource conversion at several projects. SSR Mining maintains a robust balance sheet with $1 billion in cash, supporting further growth and exploration initiatives.
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