SSR Mining Faces Challenges

SSR Mining experienced a significant decline in shares following troubling news regarding their Turkish operation. The company revealed that some staff members are currently dealing with legal charges, while their environmental permit was revoked after nine workers disappeared following a devastating landslide.

Share Price Decrease

The shares of SSR Mining saw a sharp 7.6% decrease to 6.22 Canadian dollars ($4.61) in early trading on Tuesday morning.

Search and Rescue Efforts Suspended

Workers' Status and Legal Charges

SSR Mining confirmed that multiple team members are now facing charges in connection with the tragic incident at the Turkish operation. However, details regarding the specific charges and individuals involved were not disclosed by the company.

Environmental Permit Revoked

Adding to the challenges faced by SSR Mining, their environmental permit for the operation has been revoked. Consequently, mining activities have been put on hold until further notice.

Delayed Financial Reporting

Due to the unfortunate accident, SSR Mining announced a delay in the release of their fourth-quarter results to February 27. This delay reflects the ongoing impact of the incident on the company's operations.

While responding to this challenging situation, SSR Mining is focused on ensuring the safety of its team members and addressing the issues at hand.