SSR Mining down on suspending dividend, buyback plan

SSR Mining

28/02/2024 15:04

** Shares of Canadian miner SSR Mining  SSRM.TO  drop 3.2%
to C$6.12 
    ** Co suspends quarterly dividend payment and the automatic
share purchase plan
    ** Company assessing potential impact on the business, cash
flows, results of operations and financial condition, after a
landslide at its Copler mine in Turkey left at least nine miners
missing
    ** Due to the situation at Copler mine, SSRM is retracting
its previously issued 2024 and long-term outlook for Copler and
Turkey 
    ** "We do not, at this time, anticipate any near-term
liquidity concern" - SSRM
    ** SSRM down 58% YTD

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
 ;))