SSR Mining Inc. - SSRM STOCK NEWS

SSR Mining Inc. (NASDAQ: SSRM) announced a news release for its fourth quarter 2021 consolidated financial results, scheduled for February 23, 2022, before market opening. The company will transition to U.S. GAAP and provide restated financial statements for the years ended December 31, 2020 and 2019. A conference call will follow at 5:00 PM EST on the same day, accessible via toll-free numbers and a webcast. SSR Mining operates four producing assets across various countries, with a strong focus on free cash flow.

SSR Mining (NASDAQ: SSRM) announced a definitive agreement to sell its Pitarrilla project in Durango, Mexico, to Endeavour Silver Corp. for up to US$127 million. The transaction includes US$35 million in cash, US$35 million in shares, and a 1.25% net smelter return royalty valued at up to US$57 million. SSR Mining expects the transaction to be accretive on an NAV per share basis and will hold approximately 5% of Endeavour's shares post-sale. Closing is subject to regulatory approvals and expected in H1 2022.

SSR Mining has officially launched commissioning activities for the Çöpler flotation circuit, part of the 2020 Çöpler District Master Plan. This project was completed on time and within budget in Q3 2021. The new circuit aims to enhance gold and sulfur grades, reduce reagent usage, and boost overall throughput and production from the sulfide plant. SSR Mining operates four producing assets in the USA, Turkey, Canada, and Argentina, and produced approximately 711,000 gold-equivalent ounces in 2020.

SSR Mining Inc. announced positive exploration results from the Amisk Property in Saskatchewan, showcasing significant gold mineralization. Key highlights include drill results such as BKD-21-001 with 1.51 g/t Au over 6.59 meters, and grab samples reaching up to 138.80 g/t Au. The exploration, part of a broader strategy including the acquisition of Taiga Gold Corp., highlights new prospects and further drilling plans for 2022 to expand the known mineralization. The Amisk Property, located within the Flin Flon mining district, is entirely owned by SSR Mining.

SSR Mining Inc. (NASDAQ: SSRM) announced positive results from 288 drillholes at the Marigold mine in Nevada, demonstrating significant gold intercepts. Notable findings include 2.97 g/t Au over 71.6 meters and 10.47 g/t Au over 16.8 meters. The company aims to extend the mine life beyond 10 years, focusing on the New Millennium area to complement its existing plans. Exploration efforts are also ongoing at Trenton Canyon and Buffalo Valley to delineate additional resources. The success of these drilling programs supports future production growth and reinforces SSR Mining's position in the market.

SSR Mining has announced the acquisition of Taiga Gold for C$0.265 per share, totaling approximately C$27 million (US$21 million). This deal, approved by both boards, represents a 36% premium to Taiga's closing price prior to the announcement. The acquisition enhances SSR Mining's presence in Saskatchewan, adding five new properties and consolidating ownership of the Fisher property adjacent to the Seabee mine. This strategic move aims to extend the Seabee mine's life and leverage SSR Mining's existing resources for exploration and development.

SSR Mining (NASDAQ: SSRM) has reported promising results from 27 diamond drill holes at its Copper Hill project in Turkey, indicating significant copper mineralization. Notable interceptions include 3.29% Cu over 37.4 meters and 3.03% Cu over 31.5 meters. The company also announced an agreement to increase its ownership in Copper Hill to 70%, enhancing its operational control. The drilling results suggest a clean copper mineralization with low levels of impurities, supporting future economic evaluations. Further drilling and metallurgical tests are planned to expand the known mineralization.

SSR Mining (NASDAQ: SSRM) reported strong Q3 2021 results with a production of 186,941 gold equivalent ounces and an AISC of $1,006 per ounce. The company lowered its AISC guidance for 2021 to $1,000-$1,040 per gold equivalent ounce after year-to-date AISC averaged $990. Free cash flow was reported at $129 million for the quarter, contributing to a year-to-date total of $306 million. The Board declared a $0.05 dividend per share, payable on December 13, 2021, reinforcing the company's commitment to return nearly $200 million to shareholders this year.

SSR Mining Inc. (NASDAQ: SSRM) announced the completion of a transaction with EMX Royalty Corporation on October 21, 2021. SSR Mining sold a portfolio of non-core royalty interests, valued at approximately US$99.5 million, including US$32.5 million in common shares and US$33 million in cash. This sale involved 12,323,048 common shares of EMX, representing about 12.5% of EMX's outstanding shares. The deal aims to optimize SSR Mining's asset portfolio while providing potential for future investments in EMX.