SSRM

SSR Mining Announces Changes to Executive Leadership Team

Retrieved on: 
Friday, March 8, 2024

SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") announces the reorganization of key roles and responsibilities within its executive leadership team.

Key Points: 
  • SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") announces the reorganization of key roles and responsibilities within its executive leadership team.
  • The changes to the executive leadership team are effective immediately.
  • Rod Antal, Executive Chairman of SSR Mining, said, "The changes to the roles and responsibilities of our executive leadership team will provide an opportunity to realign accountabilities to better support the business, particularly as the Company continues to navigate and assess the impacts of the Çöpler Incident.
  • Ms. Thomopoulos will join the executive leadership team and, as Executive Vice President, Human Resources will have responsibility for the human resources, communications and administration functions.

SSR Mining Provides Update on Latest Developments Following Recent Incident at Çöpler

Retrieved on: 
Monday, February 19, 2024

SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) provides an update on ongoing rescue efforts at the Çöpler mine in Türkiye.

Key Points: 
  • SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) provides an update on ongoing rescue efforts at the Çöpler mine in Türkiye.
  • Search and rescue efforts to locate nine missing workers following the February 13, 2024 incident at the Çöpler mine continue.
  • Our thoughts continue to be with the families of the missing workers and the Çöpler community during this incredibly difficult time.
  • SSR Mining has also been notified that the Çöpler environmental permit has been revoked, and the operation will remain suspended until further notice.

SSR Mining Provides an Update on Incident at Çöpler

Retrieved on: 
Saturday, February 17, 2024

SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) today provides an update on ongoing rescue efforts at the Çöpler Mine in Türkiye.

Key Points: 
  • SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) today provides an update on ongoing rescue efforts at the Çöpler Mine in Türkiye.
  • Search and rescue operations to locate nine missing workers following the February 13, 2024 incident at the Çöpler Mine continue and all operations remain suspended.
  • SSR Mining is providing its full cooperation to the regulators on site and providing support to the individuals and their families.
  • SSR Mining will provide a further update on the incident as it becomes aware of more information or during the Company’s full-year 2023 financial results, currently scheduled for Wednesday, February 21, 2024.

SSR Mining Provides an Update on Incident at Çöpler

Retrieved on: 
Wednesday, February 14, 2024

SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) provides an update on the incident at Çöpler.

Key Points: 
  • SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) provides an update on the incident at Çöpler.
  • A significant slip occurred at the Çöpler heap leach pad at approximately 6:30am ET on February 13, 2024.
  • The health, safety, and well-being of our employees, contractors, and their families are and continue to be our number one priority.
  • SSR Mining is providing its full cooperation to the regulators on site, and we want to thank them for their assistance.

SSR Mining Announces Suspension of Operations at Çöpler

Retrieved on: 
Tuesday, February 13, 2024

SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) announces a suspension of operations at the Çöpler mine as a result of a large slip on the heap leach pad.

Key Points: 
  • SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) announces a suspension of operations at the Çöpler mine as a result of a large slip on the heap leach pad.
  • This event occurred in the morning of February 13, 2024 at approximately 6:30 am EST, and all operations at Çöpler have been suspended as a result.
  • SSR Mining’s senior leadership team will host a conference call this morning to provide an overview of current operations as well as the Company’s outlook and long-term growth strategy, as previously planned.
  • Investors, media and the public are invited to listen to the conference call and accompanying webcast.

SSR Mining Appoints New Board Director

Retrieved on: 
Monday, January 8, 2024

SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") is pleased to announce the appointment of Mr. Daniel Malchuk to its Board of Directors (the “Board").

Key Points: 
  • SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") is pleased to announce the appointment of Mr. Daniel Malchuk to its Board of Directors (the “Board").
  • Mr. Malchuk brings over 30 years of strategic, operational and financial experience in the natural resource industry to the Board.
  • The Board has also appointed Mr. Malchuk as a member of the Technical, Safety and Sustainability Committee of the Board, effective January 8, 2024.
  • Rod Antal, Executive Chairman of SSR Mining, stated, “We are delighted to welcome Daniel to the SSR Mining Board of Directors.

SSR Mining Announces Sale of EMX Units

Retrieved on: 
Wednesday, December 20, 2023

SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Company”) is pleased to announce it has entered into an agreement with Scotiabank under which Scotiabank will purchase by way of a block trade 6,161,524 units (the “Units”) at a price of C$1.93 per Unit for gross proceeds to SSR Mining of C$11,891,741 (approximately US$8.9 million) (the “Sale”).

Key Points: 
  • SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Company”) is pleased to announce it has entered into an agreement with Scotiabank under which Scotiabank will purchase by way of a block trade 6,161,524 units (the “Units”) at a price of C$1.93 per Unit for gross proceeds to SSR Mining of C$11,891,741 (approximately US$8.9 million) (the “Sale”).
  • Each Unit consists of one freely-tradeable common share of EMX Royalty Corp. (NYSE American: EMX; TSX Venture: EMX; Frankfurt: 6E9) (“EMX”) owned by SSR Mining (each, a "Common Share") and one right (each, an "Option") to purchase an additional common share of EMX owned by SSR Mining (each, an "Option Share" and together with the Common Shares, the “Shares”) at a price of C$2.27 per share expiring on December 31, 2024.
  • Immediately prior to the Sale, SSR Mining owned 12,323,048 common shares of EMX representing approximately 11.0% of the issued and outstanding common shares of EMX.
  • If all of the Options are exercised, SSR Mining will own no common shares of EMX.

SSR Mining Announces the Sale of Its San Luis Project for Total Consideration of up to US$42.5 Million and a 4% NSR Royalty

Retrieved on: 
Thursday, November 30, 2023

SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Company”) announced today that it has entered into a definitive agreement to sell its San Luis Project (“San Luis” or the “Project”) to Highlander Silver Corp. (CSE:HSLV) (“Highlander Silver”) in exchange for total consideration of up to US$42.5 million (the “Transaction”).

Key Points: 
  • SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Company”) announced today that it has entered into a definitive agreement to sell its San Luis Project (“San Luis” or the “Project”) to Highlander Silver Corp. (CSE:HSLV) (“Highlander Silver”) in exchange for total consideration of up to US$42.5 million (the “Transaction”).
  • Total consideration consists of US$5.0 million in upfront cash and up to US$37.5 million in contingent payments payable in cash.
  • Pursuant to the terms of the agreement, SSR Mining will retain a 4% net smelter returns (“NSR”) royalty on the Project, which will be granted prior to the closing of the Transaction.
  • The Transaction is expected to be accretive to SSR Mining on a NAV per share basis, based on street consensus estimates.

SSR Mining Announces Automatic Share Purchase Plan

Retrieved on: 
Monday, November 27, 2023

SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") announced that, in connection with its previously announced normal course issuer bid (“NCIB”) to purchase for cancellation up to 10,200,000 common shares of the Company (“Common Shares”), the Company has entered into an automatic share purchase plan (“ASPP”) with a designated broker.

Key Points: 
  • SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") announced that, in connection with its previously announced normal course issuer bid (“NCIB”) to purchase for cancellation up to 10,200,000 common shares of the Company (“Common Shares”), the Company has entered into an automatic share purchase plan (“ASPP”) with a designated broker.
  • The ASPP is intended to facilitate repurchases of Common Shares under the NCIB when the Company would ordinarily not be permitted to purchase such shares due to regulatory restrictions and customary self-imposed blackout periods.
  • Outside of the ASPP, Common Shares may be purchased under the NCIB based on management’s discretion, in compliance with TSX rules and applicable securities laws.
  • The NCIB allows for SSR Mining to purchase Common Shares over the twelve-month period that began June 20, 2023 and ends June 19, 2024.

SSR Mining Announces the Sale of Its Sunrise Lake Exploration Property

Retrieved on: 
Tuesday, October 17, 2023

SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Company”) announced today that it has entered into a definitive agreement to sell its Sunrise Lake Property (“Sunrise Lake” or the “Property”) to Honey Badger Silver Inc. (TSXV:TUF) (“Honey Badger”) in exchange for a 4.0% net smelter return (“NSR”) royalty on the Property.

Key Points: 
  • SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Company”) announced today that it has entered into a definitive agreement to sell its Sunrise Lake Property (“Sunrise Lake” or the “Property”) to Honey Badger Silver Inc. (TSXV:TUF) (“Honey Badger”) in exchange for a 4.0% net smelter return (“NSR”) royalty on the Property.
  • Sunrise Lake is an early-stage, greenfield exploration property located in the Northwest Territories, 130 kilometers northeast of Yellowknife.
  • The Property hosts silver-gold and base metal mineralization outlined by 21,774 meters of historical surface diamond drilling completed between discovery in 1987 and 1998.
  • Exploration activities completed on the Property to-date have focused on silver-lead-zinc volcanogenic massive sulfide mineralization.