Faruqi & Faruqi, LLP investigates claims

NEW YORK, May 8, 2024 (GLOBE NEWSWIRE) — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against SSR Mining Inc. (“SSR Mining” or the “Company”) (NASDAQ: SSRM). ) and reminds investors of the May 17, 2024 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson encourages investors who have suffered losses of more than $75,000 in SSR mining to contact him directly to discuss their options

If you suffered losses of more than $75,000 when investing in SSR Mining stocks or options between February 23, 2022 and February 27, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi Partners Josh Wilson directly at 877-247-4292 or 212-983-9330 (ext. 1310). For more information you can also click here: www.faruqilaw.com/SSRM.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The company has recovered hundreds of millions of dollars for investors since its founding in 1995 www.faruqilaw.com.

As further discussed below, the Complaint alleges that the Company and its officers violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Defendants have the commitment of SSR Mining’s security and the effectiveness of its security measures are significantly overrated; (2) SSR Mining engaged in unsafe mining practices that were reasonably likely to result in a mining disaster; and (3) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. When the true details came to light, the lawsuit says investors suffered harm.

On February 13, 2024, before the market opened, SSR Mining filed a Current Report on Form 8-K with the SEC stating that it had experienced a “cessation of operations at the Çöpler Mine due to a major heap leach slippage.” Document came. This event occurred on the morning of February 13, 2024 at approximately 6:30 a.m. EST and all operations in Çöpler were subsequently suspended.”

Also on February 13, 2024, during market hours, Reuters published an article titled “SSR Mining halts gold production in Turkey after landslide, stocks tank.” This article states in a relevant part that SSR Mining had stopped production “at a mine in eastern Turkey following a landslide that left at least nine miners missing (.)”.

On this news, SSR Mining’s stock fell $5.22 per share, or 53.7%, to close at $4.50 per share on February 13, 2024.

The court-appointed lead plaintiff is the investor with the greatest financial interest in the relief sought by the class, who is appropriate and typical of the class, and who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may request the Court to serve as lead plaintiff through counsel of their choice, or may elect to do nothing and remain an absent class member. Your ability to participate in any recovery will not be affected by the decision to serve as lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information about SSR Mining’s conduct to contact the company, including whistleblowers, former employees, shareholders and others.

Lawyer advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee or predict a similar result with respect to future matters. We welcome the opportunity to discuss your individual case. All communications will be treated confidentially.

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