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Stock impact report

SSR Mining Inc. (SSRM) Bolsters Balance Sheet with $1.5B From Copler Mine Divestment [Yahoo! Finance]

SSR Mining Inc. (SSRM) 
Last ssr mining inc. earnings: 2/20 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ssrmining.com/investors/default.aspx
Company Research Source: Yahoo! Finance
On March 5, BMO Capital analysts upgraded SSR Mining Inc. (NASDAQ:SSRM) to an Outperform from Market Perform and raised the price target to C$41 from C$27. SSR Mining Inc. (SSRM) Bolsters Balance Sheet with $1.5B From Copler Mine Divestment The upgrade is in response to the company's announcement of the sale of its Copler mine in Turkey for $1.5 billion in cash. Following the sale, SSR Mining is to conduct a review of its remaining platform in Turkey, which includes a 20% interest in the Hod Maden development. The company secured a significant sale price that is three times more than the $472 million in net asset value of the mine. In addition, the sale removes a layer of uncertainty around the potential restart of activities at the Copler mine, which had put an overhang on the stock. The company was forced to suspend operations at the mine in 2024 after a landslide resulted in nine miners missing. BMO Capital insists the $1.5 billion is poised to strengthen SSR Mining Inc.'s Show less Read more
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