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SSR Mining Ord Shs T.SSRM

Alternate Symbol(s):  SSRM

SSR Mining Inc. is a precious metals mining company with four producing assets located in the United States of America (USA), Turkey, Canada, and Argentina, combined with a global pipeline of development and exploration assets in the USA, Turkey, Mexico, and Canada. Its four operating assets produce more than 700,000 gold-equivalent ounces annually. The Company's gold and silver production is sourced from its Copler Gold Mine (Copler) in Erzincan, Turkey, Marigold mine (Marigold) in Nevada, United States, Seabee Gold Operation (Seabee) in Saskatchewan, Canada and Puna Operations (Puna) in Jujuy, Argentina. The Company's growth and development pipeline includes Cakmaktepe Extension and Copper Hill in Turkey, New Millennium, Trenton Canyon and Buffalo Valley in Nevada, and the Fisher and Amisk properties in Saskatchewan, along with a number of earlier-stage opportunities globally. Amisk property is 39,880 hectares with extensive Proterozoic-volcano-sedimentary rock assemblages.


TSX:SSRM - Post by User

Post by stopedouton Feb 14, 2024 12:15pm
393 Views
Post# 35879963

This is not investible

This is not investibleI bought some yesterday, thinking the sell-off was overdone, based on no information.
Then I saw the video clip of the slide. Based on that, and aerial photos from the company's latest 43-01 on Copler, it would appear to me that the slide ran down the drainage toward the village of Copler, but did not reach that far, which is very fortunate.
This appears to be the same drainage that contains the tailings facilities (on the same side of the valley that the person taking the video, opposite from the heapleach).
I would imagine that this event will call into question the stability of the tailings as well as any future leach pads, which in turn calls into question whether the mine will even re-open.
Very difficult situation.
Luckily, I was able to exit with a small profit after coming to that conclusion.
Which, of course, could be wrong.

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