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SSR Mining Announces Automatic Share Purchase Plan
DENVER--(BUSINESS WIRE)-- SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") announced that, in connection with its previously
About this update from Ssr Mining Inc.
[{"type":"text","content":" DENVER--(BUSINESS WIRE)--\nSSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) (\"SSR Mining\" or the “Company\") announced that, in connection with its previously announced normal course issuer bid (“NCIB”) to purchase for cancellation up to 10,200,000 common shares of the Company (“Common Shares”), the Company has entered into an automatic share purchase plan (“ASPP”) with a designated broker. The ASPP is intended to facilitate repurchases of Common Shares under the NCIB when the Company would ordinarily not be permitted to purchase such shares due to regulatory restrictions and customary self-imposed blackout periods.\n\n\nPursuant to the ASPP, purchases of Common Shares will be made by the designated broker based on pre-established purchasing parameters, without further instructions by the Company, in compliance with the rules of the Toronto Stock Exchange (“TSX”). The ASPP is also intended to meet the requirements of a Rule 10b5-1 trading plan under the U.S. Securities Exchange Act of 1934, and transactions under the ASPP, and under the NCIB generally, will be conducted in accordance with Rule 10b-18 under the U.S. Securities Exchange Act of 1934. The ASPP has been pre-cleared by the TSX, is expected to be implemented on November 28, 2023 and will end no later than June 19, 2024.\n\n\nOutside of the ASPP, Common Shares may be purchased under the NCIB based on management’s discretion, in compliance with TSX rules and applicable securities laws. The NCIB allows for SSR Mining to purchase Common Shares over the twelve-month period that began June 20, 2023 and ends June 19, 2024.\n\n\nAbout SSR Mining\n\n\nSSR Mining Inc. is a leading, free cash flow focused gold company with four producing operations located in the USA, Türkiye, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets. Over the last three years, the four operating assets combined have produced on average more than 700,000 gold-equivalent ounces annually. SSR Mining is listed under the ticker symbol SSRM on the NASDAQ and the TSX, and SSR on the ASX.\n\n\nCautionary Note Regarding Forward-Looking Information and Statements:\n\n\nExcept for statements of historical fact relating to us, certain statements contained in this news release constitute forward-looking information, future oriented financial information, or fina...