SSR Mining, Inc. Securities Class Action Litigation


Securities class action litigation has been filed on behalf of investors who purchased or otherwise acquired publicly traded securities of SSR Mining, Inc. (“SSR Mining” or the “Company”)  (NASDAQ: SSRM) between February 23, 2022 and February 27, 2024, inclusive (the “Class Period”).

If you purchased publicly traded SSR Mining securities during the Class Period, you may move the Court for appointment as lead plaintiff by no later than May 17, 2024.

A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

SSR Mining investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should complete the form below, text or email, or call Lieff Cabraser partner Sharon M. Lee at 1-800-541-7358.

Background on the SSR Mining Securities Class Litigation

SSR Mining is a mining company with four mining assets worldwide, located in the United States, Turkey, Canada, and Argentina.

The action alleges that during the Class Period, the Company made materially false and misleading statements regarding the Company’s operations, including (i) overstating SSR Mining’s commitment to safety and the efficacy of its safety measures, and (ii) failing to disclose that it was engaged in unsafe mining practices that were reasonably likely to result in a mining disaster.

On February 13, 2024, before the market opened, the Company announced that it had suspended operations at its Copler, Turkey gold mine because of a large landslide, which resulted in nine missing miners (the miners were declared dead several days later). On this news, the Company’s stock price fell $5.22 per share, or 53.7%, to close at $4.50 per share, on February 13, 2024.

On February 16, 2024, reporting revealed that eight SSR Mining employees in Turkey had been detained after the landslide, and that the Turkish government had filed criminal charges against six of them.

Then, on Sunday February 18, 2024, Sky News reported that a director and senior vice-president of operations at SSR Mining had been detained. The same day, a Company press release did not contest that criminal charges proceeding against six Company employees were filed on legitimate grounds. On this news, the price of SSR Mining stock declined by $0.29 per share, or 5.90%, to close at $4.62 per share on the next trading day, February 20, 2024.

On February 27, 2024, the Company withdrew its 2024 and long-term guidance forecasts in light of the suspension, and stated that it was in the process of evaluating anticipated remedial costs for the Copler mine, including extensive environmental clean-up. On this news, the price of SSR Mining stock dropped by $0.37 per share, or 7.93%, to close at $4.29 on February 28, 2024.

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    My estimated loss from purchasing publicly traded SSR Mining securities between February 23, 2022 and February 27, 2024 is:

    0 to $50,000$50,001 - $100,000$100,001 - $250,000Over $250,000


    About Lieff Cabraser

    Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, Nashville, and Munich, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a “Plaintiffs’ Powerhouse” by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $129 billion in verdicts and settlements. Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm’s “laser focus” and noting that our firm routinely finds itself “facing off against some of the largest and strongest defense law firms in the world.” In 2021, The American Lawyer named our firm its “Boutique Litigation Firm of the Year.” Benchmark Litigation has named Lieff Cabraser one of the “Top 10 Plaintiffs’ Firms in America,” and listed us as its “2020 California Plaintiff Firm of the Year.” Lieff Cabraser is committed to ensuring access to justice for all.