SSR Mining (SSRM) Shares Plummet -6.7% As Copler Mine Crisis Deepens

By Tamara Parker • Tuesday, February 20 10:52 • Permanent Link

SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) has provided an update on ongoing rescue efforts at the Copler mine in Türkiye following the recent incident on February 13, 2024. The company stated, "Search and rescue efforts to locate nine missing workers following the February 13, 2024 incident at the Copler mine continue. Our thoughts continue to be with the families of the missing workers and the Copler community during this incredibly difficult time."

In addition, the company acknowledged that several team members are facing charges in relation to the incident and assured that they are ensuring necessary support while respecting the legal process. Furthermore, SSR Mining has been notified that the Copler environmental permit has been revoked, and the operation will remain suspended until further notice. The company has initiated planning for near-term remediation efforts at the direction of Ministry Officials.

Since the incident, the Turkish Ministry of the Environment, Urbanization and Climate Change has been regularly monitoring the surface water, groundwater, soil, and air quality in the region, reporting negative results with respect to potential contamination in the locations being monitored.

Paul Benson, President and CEO, commented, "Our thoughts continue to be with the families of the missing workers and the Çöpler community during this incredibly difficult time. We are committed to supporting the authorities on the ground in Türkiye in their ongoing search and rescue efforts. We are also ensuring that our team members receive the necessary support while respecting the legal process."

Furthermore, he added, "We are deeply committed to the safety and well-being of our workforce and the communities in which we operate. We are working diligently to support the recovery and remediation efforts, and we will continue to prioritize environmental stewardship in our operations."

SSR Mining Inc. is a leading, free cash flow focused gold company with four producing operations located in the USA, Türkiye, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets. The company's shares have moved -6.7%, and are now trading at a price of $4.58.

The company's full 8-K submission is available here.

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