SSR withdraws guidance for Çöpler in light of mine disaster

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On February 13, a landslide occurred at the mine site located in the Erzincan province of eastern Turkey, leaving nine workers trapped under the soil. To date, the missing workers remain unaccounted for despite extensive search efforts by Turkish authorities.

Authorities said as much as 10 million cubic meters of earth were dislodged across a 200-meter slope. SSR described the incident as a “large slip on the heap leach pad”.

In the aftermath, the Çöpler mine, which represents one of SSR’s cornerstone assets, was suspended amid fears of cyanide contamination, and the company also had its environmental licence annulled by the Turkish government.

In 2023, the Çöpler mine accounted for 220,999 gold ounces of the 706,894 gold-equivalent ounces produced across SSR’s entire portfolio. Its full-year cost of sales was $1,191 per ounce and AISC was $1,433 per ounce.

In its results release, SSR said it is now in the process of…

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