"Turkish Gold Mine Landslide Sparks SSR Mining Stock Plunge"

1 min read
Source: Yahoo Finance
"Turkish Gold Mine Landslide Sparks SSR Mining Stock Plunge"
Photo: Yahoo Finance
TL;DR

SSR Mining Inc. saw its shares plummet by 61% after halting operations at its Turkish gold mine due to a landslide, marking the second incident at the site in two years. The company's stock drop wiped out more than half of its market value, leaving it with a market capitalization of about $785 million. Turkish politicians criticized SSR, citing past issues at the site, and authorities have initiated investigations. The mine, Çöpler, is SSR's second-largest producing gold mine and has been in operation since 2010.

Share this article

Want the full story? Read the original reporting

Read on Yahoo Finance