SSR Mining stock cut in half after mine disaster

• SSR Mining stock was cut in half after suspending operations at its Çöpler gold operation following a disaster at the mine
• A landslide at the mine in eastern Turkey left at least nine miners missing because of a large slip on the heap leach pad
• Law firm Bronstein, Gewirtz & Grossman is investigating potential claims against the company over this incident
• SSR Mining stock opened at C$5.96 per share

SSR Mining (TSX:SSRM) stock was cut in half after suspending operations at its Çöpler gold operation following a disaster at the mine.

A landslide at the mine in eastern Turkey left at least nine miners missing. The company said this was because of a large slip on the heap leach pad. This event occurred at approximately 6:30 am ET Tuesday, and all operations at Çöpler have since been suspended.

A statement from the company released on Wednesday confirmed that nine people remain unaccounted for at site and efforts right now continue to focus on locating them.

“Emergency response teams are actively focused on search and rescue efforts as we work to locate the employees unaccounted for. More than four-hundred personnel from the Türkiye national disaster relief agency are on scene to assist in the rescue efforts,” the news release said.

Video via The Associated Press.

Law firm Bronstein, Gewirtz & Grossman is investigating potential claims against the company over this incident and encourages any investors aware of any facts relating to this investigation or purchased securities in SSR to contact them.

SSR Mining Inc. is a gold company with four producing operations in the United States, Türkiye, Canada and Argentina, combined with a global pipeline of development and exploration assets. Over the past three years, the four operating assets combined have produced on average more than 700,000 gold-equivalent ounces annually.

SSR Mining stock lost 53.70 per cent in Tuesday trading and opened nearly 4 per cent lower on Wednesday at C$5.96 per share.

Join the discussion: Find out what everybody’s saying about this stock on the SSR Mining Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.