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SSR Mining Reveals Design Flaw as Cause of Çöpler Incident
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SSR Mining Reveals Design Flaw as Cause of Çöpler Incident

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SSR Mining Inc Shs Chess Depository Interests repr 1 shs ( (AU:SSR) ) has shared an update.

SSR Mining Inc. has announced the findings of an independent review concerning the Çöpler Incident, which occurred in February 2024. The review, conducted by Call & Nicholas, Inc., identified a deeply-rooted flaw in the third-party engineered design of the heap leach pad as the cause of the incident. The assessment had overestimated the shear strength properties of the liner system, leading to insufficient support. This finding provides clarity and reassurance to SSR Mining as it seeks to resume operations at the Çöpler mine. The company is working with authorities to obtain necessary permits for the mine’s restart but cannot yet predict the timeline or conditions for resuming operations.

More about SSR Mining Inc Shs Chess Depository Interests repr 1 shs

SSR Mining Inc. operates in the mining industry, focusing on the extraction and production of precious metals. The company is involved in geological engineering and uses advanced techniques in mining operations, with a market focus on gold production.

YTD Price Performance: 4.58%

Average Trading Volume: 5,065

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$2.41B

Find detailed analytics on SSR stock on TipRanks’ Stock Analysis page.

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