other material
confidence high
sentiment negative
materiality 0.95
SSR Mining suspends operations at Çöpler after fatal heap leach pad slip; retracts guidance, suspends dividend
SSR MINING INC.
- Nine individuals remain unaccounted for after Feb 13 slip on Çöpler heap leach pad; operations suspended indefinitely.
- Retracts 2024 and long-term guidance for Çöpler and Türkiye; unable to estimate restart date.
- Suspends quarterly dividend payments and automatic share purchase plan (ASPP).
- Year-end 2023 cash balance ~$500M; Marigold, Seabee, Puna continue generating cash flow; no near-term liquidity concerns expected.