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DENVER - SSR Mining Inc. (NASDAQ:SSRM) (TSX:SSRM), a precious metals producer with a market capitalization of $2.52 billion, announced the temporary suspension of operations at its Seabee mine due to power outages caused by nearby forest fires. The company, which maintains a strong liquidity position with a current ratio of 3.95, reported that the fires are located about 15 kilometers north of the mining site and, as of now, do not present an immediate danger to the site or its infrastructure.
The decision to halt operations comes as a safety measure to protect staff amidst the environmental threat. SSR Mining has stated that it is monitoring the situation closely and will provide further updates as necessary. According to InvestingPro analysis, the company maintains a moderate debt level and shows strong financial health, with 12 additional exclusive ProTips available for subscribers.
The Seabee mine is one of SSR Mining’s assets, and disruptions in its operations could potentially impact the company’s production output. Investors and stakeholders are advised to watch for additional information from SSR Mining as it becomes available.
The company is taking all necessary safety precautions and is prepared to enact its emergency response plan should the need arise. The duration of the suspension and its impact on production have not been specified, and it is unclear when operations will resume.
SSR Mining is a publicly traded company, with shares listed on both the Nasdaq and the Toronto Stock Exchange under the ticker symbol SSRM. The information regarding the temporary suspension of operations at Seabee is based on a press release statement from the company.
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