Ssr Mining EVP sells stock worth $48,129 by Investing.com

William K. MacNevin, Executive Vice President of Operations and Sustainability at SSR Mining Inc. (NASDAQ:), recently sold 6,722 common shares of the company’s stock. The transaction, which occurred on January 3, 2025, was executed at a price of $7.16 per share, for a total consideration of $48,129. The sale occurred as SSRM shares traded at $7.12, well above its 52-week low of $3.76 but below its high of $10.66. according to InvestingPro Analysis, SSRM appears to be undervalued at current levels.

Following the sale, MacNevin now directly owns 265,711 shares. This sale comes amid a series of transactions that also included the acquisition of 76,586 common shares on January 1, 2025, at no cost. These shares were acquired as part of a vesting schedule for restricted stock units, which convert on an individual basis into common shares upon vesting. InvestingPro The data reveals that management has been actively buying back shares, while the company maintains strong liquidity with a current ratio of 3.91. For deeper insights into SSRM evaluation and 8 additional ProTips, subscribers can access the comprehensive Pro Research report.

In other recent news, SSR Inc. A significant production milestone with its Marigold mine producing a total of 5 million ounces of gold. This coincides with the company’s 2024 growth strategy, which includes approximately $10 million in expenditures at Marigold, with a focus on extending the life of the mine. Also, SSR Mining released its financial results for the third quarter of 2024, reporting attributable net income of $0.05 per share and negative cash flow of $1 million. In the same quarter, the company produced 97,000 gold equivalent ounces at an all-in sustaining cost (AISC) of $2,065 per ounce.

Remediation costs for the Cobler mine following the accident are estimated at between $250 million and $300 million over the next 24 to 36 months. However, operations at the Cobler mine are expected to resume within 20 days of receiving regulatory approvals. Velveteen production remains on track for annual guidance while Seabee guidance has been revised due to bushfires. Puna, another SSR mining operation, achieved record productivity, raising the silver production outlook for the full year. These are the latest developments in SSR Mining Inc.’s operations.

This article was created with the power of artificial intelligence and reviewed by an editor. For more information, see our terms and conditions.