2024-02-23 14:02:59 ET
Summary
- SSR Mining Inc.'s share value plummeted by over 50% following a landslide at its Çöpler mine, trapping nine workers.
- The company's production capacity and growth prospects are uncertain due to the suspension of operations at Çöpler.
- The development of the Hod Maden mine in Turkey may also be at risk, further impacting SSR Mining's operations.
SSR Mining Landslide Hits the Company
SSR Mining Inc. (SSRM), a recognized mid-tier gold and silver producer with a diversified portfolio in the United States, Canada, South America, and Turkey, has recently encountered a significant setback. The company, previously applauded for its performance and receiving several optimistic analyst ratings on platforms like Seeking Alpha, saw its share value plummet by over 50% following a catastrophic event at its Çöpler mine....
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SSR Mining Faces Unprecedented Challenges In Turkey