SSR Mining, Inc. (NASDAQ: SSRM)

This lawsuit is for anyone who acquired securities in SSR Mining, Inc. (NASDAQ: SSRM) from February 23, 2022 through February 27, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that it had in place controls to operate its mines safely when the Company lacked such controls.

On February 13, 2024, SSR Mining 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.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. 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. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume. Finally, on February 27, 2024, SSR Mining conducted its fourth quarter 2023 earnings call, stating that “the Çöpler incident will have an impact on [the Company’s] financial results in 2024.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in SSR Mining, Inc. (NASDAQ: SSRM) from February 23, 2022 through February 27, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.