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Stock impact report

SSR Mining Refocuses Portfolio With Turkish Exit And 10% Share Buyback [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
SSR Mining (TSX:SSRM) has agreed to sell its 80% stake in a Turkish gold mine, reducing its exposure to that operation. The company also received approval for a substantial share buyback program, allowing it to repurchase a portion of its outstanding shares. For a producer like SSR Mining, assets in different regions can carry very different operating and political risks, so shifting away from a Turkish gold mine may change the company's overall risk profile. The move comes as gold and precious metals remain closely watched by investors who are weighing inflation, interest rate expectations and demand for safe haven assets. Many miners are revisiting which projects they want to prioritize and how they want to deploy cash on the balance sheet. For readers following TSX:SSRM, the combination of an asset sale and a share buyback indicates that management is reshaping the business and its capital allocation approach. How the company executes on redeploying proceeds from the sale an Show less Read more
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