According to the Complaint, Defendants failed to disclose to investors that: (1) Defendants materially overstated SSR Mining’s commitment to safety and the efficacy of its safety measures; and (2) SSR Mining engaged in unsafe mining practices which were reasonably likely to result in a mining disaster.

On February 13, 2024, SSR Mining filed a current report on Form 8-K with the SEC, which stated there was a “suspension of operations at the Çöpler [Turkey] mine as a result of a large slip on the heap leach pad. This event occurred in the morning of February 13, 2024 at approximately 6:30 am EST, and all operations at Çöpler have been suspended as a result.”

On February 27, 2024, Defendants conducted their earnings call for the Fourth Quarter of 2023.  On this call, Defendant Rodney P. Antal (“Antal”) stated that “[s]ix personnel are being detained and are facing charges in relation to the [Çöpler mine] incident and we’re ensuring they receive the necessary support while respecting the Turkish legal process”. Antal did not contest that the charges were filed on legitimate grounds.

On this news, SSR Mining’s stock price declined by $0.37 per share, or 7.93%, to close at $4.29 on February 28, 2024.

If you wish to serve as lead plaintiff, you must move the Court no later than May 17, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

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