By Robb M. Stewart
SSR Mining’s shares fell sharply Tuesday after the mining company suspended all operations at its Copler mine Turkey following a large slip on the heap leach pad.
In early trading, the shares were 22% lower at C$10.22 on the Toronto Stock Exchange, for a fall of 46% over the last 12 months. On Nasdaq, the stock was down 33% at $6.52, and is now down 55% from a year earlier.
SSR said the slip at the gold mine’s leach pad, a pond where ore is placed on a base pad, occurred Tuesday morning and all operations were suspended as a result. The mine in Erzincan province southeast from Istanbul has been operating since 2010 and processes ore through two producing plants.
SSR Mining earlier Tuesday forecast production this year of between 540,000 and 600,000 gold-equivalent ounces, after output in 2023 totaled 706,894 ounces. By 2028, the company said it expected production to rise to 725,000 to 825,000 gold-equivalent ounces.
Write to Robb M. Stewart at robb.stewart@wsj.com