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Ssr Mining

All articles tagged with #ssr mining

mining-and-natural-disasters1 year ago•1 min saved

"Çöpler Gold Mine Operations Halted After Cyanide-Laced Landslide in Turkey"

SSR Mining has halted gold production at its mine in eastern Turkey following a landslide that left at least nine miners missing, causing a more than 50% drop in its Toronto-listed shares. The mine, operated by Lidya Madencilik and owned by Calik Holding and SSR Mining, is the company's second-largest producing gold mine. Security footage captured the landslide, prompting a search and rescue effort involving 400 workers. The government has launched an investigation into the incident.

via Reuters|

#gold-production #landslide #mine-suspension

business1 year ago•2 min saved

"Turkish Gold Mine Landslide Sparks SSR Mining Stock Plunge"

SSR Mining Inc. saw its shares plummet by 61% after halting operations at its Turkish gold mine due to a landslide, marking the second incident at the site in two years. The company's stock drop wiped out more than half of its market value, leaving it with a market capitalization of about $785 million. Turkish politicians criticized SSR, citing past issues at the site, and authorities have initiated investigations. The mine, Çöpler, is SSR's second-largest producing gold mine and has been in operation since 2010.

via Yahoo Finance|

#business #gold-production #landslide

mining-industry1 year ago•45 min saved

"SSR Mining Forecasts Production Surge to Nearly 800,000 Ounces by 2027 with AISC Target of $1,300 Per Ounce"

SSR Mining issues multi-year guidance and technical reports for all operating assets, projecting production growth approaching 800,000 ounces by 2027 at AISC trending towards $1,300 per ounce. The company's total 5-year production is expected to increase by 4% over prior life of mine plans to 3.1 million ounces gold equivalent, and by 9% including contributions from the Hod Maden acquisition. SSR Mining anticipates positive free cash flow in 2024 and aims to maintain its peer-leading capital returns yield and overall returns strategy. The company's technical reports indicate a corporate net asset value based on mineral reserve-only reports of over $3 billion, increasing to over $4 billion at spot commodity prices.

via Yahoo Finance|

#aisc #hod-maden #mining-industry