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SSR Mining Inc. (NASDAQ: SSRM) Investor Alert: Deadline in Lawsuit on May 17, 2024

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A deadline is coming up on May 17, 2024 in the lawsuit filed for certain investors of SSR Mining Inc. (NASDAQ: SSRM) over alleged securities laws violations by SSR Mining Inc.

Investors who purchased shares of SSR Mining Inc. (NASDAQ: SSRM) have certain options and there are strict and short deadlines running. Deadline: May 17, 2024. NASDAQ: SSRM stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

 

Denver, CO based SSR Mining Inc., together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

SSR Mining Inc. reported that its annual Total Revenue rose from over $1.14 billion in 2022 to over $1.42 billion in 2023, and that its Net Income of $194.14 million in 2022 declined to a Net Loss of $98 million in 2023.

On February 22, 2022, after market hours, SSR Mining filed with the SEC its Annual Report on Form 10-K for the year ended December 31, 2021.

On April 15, 2022, SSR Mining published its ESG and Sustainability Report for 2021.

On February 22, 2023, after market hours, SSR Mining filed with the SEC its Annual Report on Form 10-K for the year ended December 31, 2022.

On April 14, 2023, SSR Mining published its ESG and Sustainability Report for 2022.

On February 13, 2024, SSR Mining Inc. announced that it was suspending operations at its Çöpler mine in Turkey “as a result of a large slip on the heap leach pad.” A Reuters article published later that same day specified that the mine had suspended production “after a landslide, which left at least nine miners missing.” Soon after, news reports emerged that there had been safety warnings at the mine which were “frequently ignored and inspections not adequately carried out.” Turkish Engineers stated that the “disaster that took place [at the mine] is a disaster that [was] coming.”

Then, on February 16, 2024, news outlets reported that eight SSR Mining employees had been “detained amid an investigation into [the] landslide.” Then, on February 18, 2024, Sky News reported that the Turkey director and senior vice president of operations of SSR Mining had also been detained.

Then, on February 27, 2024, SSR Mining Inc. conducted its fourth quarter 2023 earnings call, stating that “the Çöpler incident will have an impact on [the Company’s] financial results in 2024.”

 

Shares of SSR Mining Inc. (SSRM) declined from $17.72 per share on May 09, 2023, to as low as $3.91 per share on March 18, 2024.

According to the complaint the plaintiff alleges on behalf of purchasers of SSR Mining Inc. (NASDAQ: SSRM) common shares between February 23, 2022 and February 27, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 23, 2022 and February 27, 2024, the defendants made materially false and/or misleading statements and/or failed to disclose that the Defendants materially overstated SSR Mining’s commitment to safety and the efficacy of its safety measures, that SSR Mining engaged in unsafe mining practices which were reasonably likely to result in a mining disaster, and that as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

Those who purchased shares of SSR Mining Inc. (NASDAQ: SSRM) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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