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


The lawsuit filed on behalf of certain SSR Mining Inc. (NASDAQ: SSRM) investors about SSR Mining Inc.’s alleged violations of securities laws is approaching its deadline of May 17, 2024.

There are severe and short deadlines for investors who bought shares of SSR Mining Inc. (NASDAQ: SSRM) to fulfill. Expires on May 17, 2024. NASDAQ: Shareholders of SSRM should email [email protected] or give them a call at (858) 779-1554.

SSR Mining Inc., a Denver, Colorado-based company, operates, acquires, explores, and develops precious metal resource sites in the US, Turkey, Canada, and Argentina via its subsidiaries.

According to SSR Mining Inc., its yearly Net Income of $194.14 million in 2022 dropped to a Net Loss of $98 million in 2023, while its annual Total Revenue increased from over $1.14 billion in 2022 to over $1.42 billion in 2023.

After market hours on February 22, 2022, SSR Mining submitted its Annual Report on Form 10-K to the SEC for the year that concluded on December 31, 2021.

SSR Mining released its 2021 ESG and Sustainability Report on April 15, 2022.

After market hours on February 22, 2023, SSR Mining submitted its Annual Report on Form 10-K to the SEC for the year that concluded on December 31, 2022.

SSR Mining released its 2022 ESG and Sustainability Report on April 14, 2023.

Due to a significant slip on the heap leach pad, SSR Mining Inc. declared on February 13, 2024, that it was stopping operations at its pler mine in Turkey. Later that day, a Reuters story revealed that the mine had halted operations due to a landslide that left at least nine miners missing. Soon after, news reports surfaced claiming that the mine had inadequately conducted inspections and had safety warnings that were often disregarded. According to Turkish engineers, the catastrophe that occurred [in the mine] was one that [was] inevitable.

Then, on February 16, 2024, news sources said that eight employees of SSR Mining had been taken into custody as part of an inquiry into the landslide. Then, on February 18, 2024, Sky News said that the senior vice president of operations of SSR Mining and director for Turkey had also been taken into custody.

The pler event will affect [the Company’s] financial results in 2024, SSR Mining Inc. stated during its fourth quarter 2023 earnings call on February 27, 2024.

SSR Mining Inc. (SSRM) saw a decrease in share price from $17.72 on May 09, 2023, to as low as $3.91 on March 18, 2024.

In the complaint, the plaintiff claims that the defendants broke federal securities laws when they sold common shares of SSR Mining Inc. (NASDAQ: SSRM) between February 23, 2022, and February 27, 2024. In more detail, the plaintiff alleges that between February 23, 2022 and February 27, 2024, the defendants made statements that were materially false and/or misleading and/or failed to disclose that SSR Mining engaged in unsafe mining practices that were reasonably likely to result in a mining disaster, that the defendants materially overstated SSR Mining’s commitment to safety and the effectiveness of its safety measures, and that as a result, the defendants’ statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all times.

The Shareholders Foundation should be contacted by those who bought shares of SSR Mining Inc. (NASDAQ: SSRM) as they have specific alternatives.

Get in touch with Investors Foundation, Inc.Michael Daniels: +1-(858)-779-1554; 3111 Camino Del Rio North, Suite 42392108, San Diego(858)[email protected] is the fax number.

About The Shareholders Foundation, Inc.: We are a professional portfolio monitoring and settlement claim filing service that keeps investors informed about securities class actions, settlements, judgments, and other legal news pertaining to the stock and financial markets. We also conduct research on shareholder issues. With a vast network of contacts, Shareholders Foundation, Inc. provides support, guidance, and aid to each and every shareholder. It is not a law firm, The Shareholders Foundation, Inc. The Shareholders Foundation is not involved in the filed, reached, or settled cases, investigations, or settlements mentioned. The public is offered this information as a service. It should not be relied upon and is not meant to be legal advice.

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