SSR has cleared all employees to return to the site some 500 km northeast of Saskatoon after fire activity declined significantly. Workers were evacuated in August except those who remained to help with fire protection.
The process plant and Santoy mine, where mining has been taking place at Seabee, have had no material damage, SSR said.
Shares in SSR mining fell 6% on Monday to close at C$7.68 apiece in Toronto, valuing the company at C$1.6 billion. They’ve traded in a 52-week range of C$5.10 to C$20.03.
Seabee output
Last year, Seabee produced 90,777 oz. of gold and has forecast 75,000 to 85,000 oz. of gold this year at an all-in sustaining cost of $1,495 to $1,535 per payable ounce.
Acquired by SSR in 2016, the Seabee operations consisted of two underground mines, but the Seabee mine, which entered production in 1991, had exhausted its resources. The Santoy mine has been in production since 2014.
As of year-end 2023,…
