VANCOUVER, March 25, 2020 /PRNewswire/ - SSR Mining Inc.
(NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") announces that its
Seabee Gold Operation ("Seabee") is undertaking a voluntary
suspension of operations due to the threat of the COVID-19 virus.
There are currently no confirmed cases of COVID-19 among the Seabee
workforce.
Seabee will be placed into temporary care and maintenance until
April 30, 2020. SSR Mining will
continue to assess public health and government circumstances to
determine whether to restart Seabee or extend the care and
maintenance period. In the interim, we will continue managing
required activities to ensure the safety of our employees, the
environment, and to enable operational readiness when the
suspension is lifted.
"In these challenging times, more than anything else our top
priority is to protect the health and well-being of our employees,
their families and their communities," said Paul Benson, President and CEO. "The decision to
temporarily suspend operations at Seabee was made considering the
specific and unique circumstances at Seabee, a remote fly-in,
fly-out northern Saskatchewan
operation."
SSR Mining will continue to engage with local health authorities
and relevant stakeholders to safely move workers at Seabee off site
and back to their home communities.
Our company-wide response to the COVID-19 virus is being managed
within the framework of preparedness protocols and contingency
plans developed by SSR Mining's Crisis Management Team. These plans
include individual site management controls, emergency medical
preparedness, and working with health authorities to closely
monitor local developments.
SSR Mining is withdrawing its full year 2020 guidance across all
operations until further notice due to the uncertainty with respect
to future developments of the COVID-19 outbreak, including the
duration, severity and scope of the outbreak, the actions taken to
contain or treat the COVID-19 outbreak and potential impacts on
mining operations. We will continue to monitor the situation
closely.
About SSR Mining
SSR Mining Inc. is a Canadian-based precious metals producer
with three operations, including the Marigold gold mine in
Nevada, U.S., the Seabee Gold
Operation in Saskatchewan, Canada
and Puna Operations in Jujuy, Argentina. We also have two feasibility stage
projects and a portfolio of exploration properties in North and
South America. We are committed to
delivering safe production through relentless emphasis on
Operational Excellence. We are also focused on growing production
and Mineral Reserves through the exploration and acquisition of
assets for accretive growth, while maintaining financial
strength.
For further information contact:
W. John DeCooman, Jr.
Senior Vice President, Business Development and Strategy
SSR Mining Inc.
Vancouver, BC
Toll free: +1 (888) 338-0046
All others: +1 (604) 689-3846
E-Mail: invest@ssrmining.com
To receive SSR Mining's news releases by
e-mail, please register using the SSR Mining website at
www.ssrmining.com.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains forward-looking information within
the meaning of Canadian securities laws and forward-looking
statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 (collectively, "forward-looking
statements") concerning the anticipated developments in our
operations in future periods, and other events or conditions that
may occur or exist in the future. All statements, other than
statements of historical fact, are forward-looking statements.
Generally, forward-looking statements can be identified by the use
of words or phrases such as "expects," "anticipates," "plans,"
"projects," "estimates," "assumes," "intends," "strategy," "goals,"
"objectives," "potential," "believes," or variations thereof, or
stating that certain actions, events or results "may," "could,"
"would," "might" or "will" be taken, occur or be achieved, or the
negative of any of these terms or similar
expressions. The forward-looking statements in this
news release relate to, among other things: information
regarding the suspension at the Seabee Gold Operation and operation
on a temporary care and maintenance basis; the ability of the
Seabee Gold Operation to fully resume operations from and after
April 30, 2020; the anticipated
effects of our COVID-19 response plan; the continued monitoring of
developments of COVID-19; and the potential impact of epidemics,
pandemics or other public health crises, including the COVID-19
outbreak, on our business and financial condition, including in
connection with our 2020 guidance across all operations. These
forward-looking statements are subject to a variety of known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ from those expressed or implied,
including, without limitation, those various risks and
uncertainties identified under the heading "Risk Factors" in our
most recent Annual Information Form filed with the Canadian
securities regulatory authorities and included in our most recent
Annual Report on Form 40-F filed with the U.S. Securities and
Exchange Commission. Our forward-looking statements are based on
what our management considers to be reasonable assumptions,
beliefs, expectations and opinions based on the information
currently available to it. We cannot assure you that actual events,
performance or results will be consistent with these
forward-looking statements, and management's assumptions may prove
to be incorrect. Our forward-looking statements reflect current
expectations regarding future events and speak only as of the date
hereof and we do not assume any obligation to update
forward-looking statements if circumstances or management's
beliefs, expectations or opinions should change other than as
required by applicable law. For the reasons set out above, you
should not place undue reliance on forward-looking
statements.
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SOURCE SSR Mining Inc.