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) 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.
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.
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