SSR Mining Stock Craters After Çöpler Mine Operations Suspended
Portfolio Pulse from Erica Kollmann
SSR Mining Inc. (NASDAQ:SSRM) shares plummeted after the company announced the suspension of operations at its Çöpler mine due to a large slip on the heap leach pad. The incident occurred on Tuesday morning, leading to a halt in all operations at the mine. Prior to the suspension, SSR Mining had projected Çöpler to produce 200,000 to 220,000 ounces of gold in 2024 with an AISC of $1,550 to $1,590 per payable ounce. The suspension has resulted in a significant trading volume increase, with over 32 million shares traded, far exceeding the 100-day average of 2.316 million shares. SSRM shares have dropped 52.7% to $4.60.
February 13, 2024 | 5:32 pm
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SSR Mining Inc. shares plummeted following the suspension of operations at its Çöpler mine due to a significant slip on the heap leach pad, drastically affecting its stock price.
The suspension of operations at the Çöpler mine directly impacts SSR Mining's projected gold production and financial performance, leading to a significant drop in stock price. The heavy trading volume and sharp decline in share price reflect investor concerns over the company's short-term prospects.
CONFIDENCE 90
IMPORTANCE 100
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