SSR Mining Inc (SSRM), formerly known as Silver Standard Resources, is a leading mid-tier precious metals mining company with a strong portfolio of assets in four different countries – the US, Canada, Argentina, and Turkey. Founded in 1946 and headquartered in Vancouver, Canada, the company is currently listed on several stock exchanges including NASDAQ, TSX, and ASX.
SSR Mining operates three gold mines: the Marigold mine in Nevada, USA, the Seabee Gold Operation in Saskatchewan, Canada, and the Puna Operations in Jujuy, Argentina. They also have a 50% ownership in the Chinchillas mine in Argentina and hold 75% interest in the Sevgi/Davada exploration property in Turkey.
The company's key strategy is to focus on safe, profitable gold and silver production from its existing asset base, while taking strategic opportunistic initiatives to grow and diversify its business, thereby enhancing value for its shareholders. This strategy has proven effective for SSR Mining, with a record gold production of over 400,000 ounces in 2019.
Its prioritization of safety and environmental stewardship is also worth mentioning. SSR Mining prides itself on its exceptional safety record and low workplace incident rates, and it actively works to minimize the environmental impact of its operations wherever possible. In line with this, the company has received multiple safety and environmental awards in recent years.
Corporate social responsibility is another essential aspect of SSR Mining's operation. They believe in maintaining a transparent, open and honest relationship with the communities they operate in. The company follows International Finance Corporation’s (IFC) performance standards on stakeholder engagement and provides economic support in areas where they operate through job creation, contributing to local infrastructure, and other initiatives.
Despite the challenges presented by the ongoing global Covid-19 pandemic and its implications, SSR Mining has been successful in maintaining steady production rates. This is, in part, thanks to the company's adoption of strict health protocols to ensure the safety of its workforce.
In May 2020, SSR Mining Inc announced a merger of equals with Alacer Gold Corp. This merger was completed in September 2020 to create a diversified precious metals producer with an attractive portfolio of long-life, high margin gold assets. With two flagship assets, five production assets, and an attractive growth profile, the company is well-positioned for continued growth.
In summary, SSR Mining Inc. is a well-established and dynamic participant in the global mining industry, with a strong commitment to operational excellence, environmental stewardship, corporate social responsibility, and shareholder value.