NEW YORK, NY - 
(NewMediaWire) - May 9, 2024 - Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) reminds investors that a complaint has been filed on behalf of purchasers or acquirers of SSR Mining Inc. (“SSR” or the “Company”) (NASDAQ: SSRM) securities between February 23, 2022 and February 27, 2024, inclusive (the “Class Period”). SSR is a mining company with operations in the United States, Türkiye, Canada and Argentina. Click Here to Join Investigation.
Deadline Reminder: If you are a member of the proposed Class, you may move the court no later than May 17, 2024 to serve as a lead plaintiff for the purported class. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process.
On February 13, 2024, SSR issued a press release "announc[ing] a suspension of operations at the Çöpler mine as a result of a large slip on the heap leach pad. This event occurred in the morning of February 13, 2024 at approximately 6:30 am EST, and all operations at Çöpler have been suspended as a result."
Also, on February 13, 2024, according to the complaint, Reuters reported that a landslide “left at least nine miners missing[.]” Further, according to the complaint, during market hours on February 13, 2024, reports emerged that that there had been warnings about safety at the Copler mine.
On February 13, 2024, the price of SSR stock fell $5.22 per share, or 53.70%, to close at $4.50 per share.
Then, on February 18, 2024, according to the complaint, Reuters published an article stating that “[t]he boss of a mining company which runs a gold mine where nine miners are missing after a massive landslide, has been detained by authorities in Turkey.” Additionally, on February 18, 2024, the Company issued a press release in which it provided an update on the incident at Copler, which stated “[w]e acknowledge that several of our team members are facing charges in relation to the recent incident, and we are ensuring they receive the necessary support while respecting the legal process.”
On February 20, 2024, the first trading day following the February 18, 2024 news, the price of SSR stock declined by $0.29 per share, or 5.9%, to close at $4.62 per share.
On February 27, 2024, after market hours, the Company conducted an earnings call for the fourth quarter of 2023 during which the Company’s Executive Chairman of the Board, Rodney P. Antal, stated that “the Copler incident will have an impact on our financial results in 2024” and that “[s]ix personnel are being detained and are facing charges in relation to the incident . . .”
On February 28, 2024, the price of SSR stock declined by $0.37 per share, or 7.93%, to close at $4.29 per share.
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KAPLAN FOX & KILSHEIMER LLP
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E-mail: pmayer@kaplanfox.com
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KAPLAN FOX & KILSHEIMER LLP
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E-mail: lking@kaplanfox.com
