SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or
the “Company”) provides an update on the February 13, 2024 incident
at Ç�pler (the “Ç�pler Incident”).
Following the �pler Incident, the Company commissioned Call
& Nicholas, Inc. (“CNI”), an international mining consulting
firm that specializes in geological engineering, geotechnical
engineering, and hydrology, to conduct an independent review of the
heap leach failure at �pler. After analysis of the engineering
design, construction, and operation of the heap leach facility, and
comprehensive reverse-engineering of the failure, CNI determined
that the most likely cause of the �pler Incident was a
deeply-rooted flaw in the third-party engineered design of the heap
leach pad.
The review found that in the third-party engineered design, the
assessment of the test data overestimated the shear strength
properties of the liner system at the base of the heap leach, which
inflated the calculated factor of safety values in the third-party
engineered design. This error resulted in insufficient shear
strength along the liner interface to support the as-designed heap
leach facility.
Importantly, CNI also determined that in all material respects,
the heap leach pad construction and operation was carried out in
conformance with the issued-for-construction engineered design
parameters. In addition, CNI’s review did not find any
substantiation that excess water, ground vibrations from blasting,
nor stacking beyond the design caused the event.
Rod Antal, Executive Chairman, said: “The independent expert
review of the �pler Incident has been an important body of work
for the Company to determine the cause of the �pler Incident.
Knowing now that the failure was the result of an engineering
design flaw, and not the result of a failure in our operation or
construction of the pad, provides clarity and some reassurance to
the team on the ground as we seek to restart the �pler mine. We
remain deeply saddened by the profound impact of this tragedy and
we remain committed to �pler, the local communities and
Türkiye.”
SSR Mining continues to work closely with the relevant
authorities to advance the required permits for the restart of the
�pler mine. At this time, we are not able to estimate or predict
when and under what conditions we will resume operations at
�pler.
For additional information on the �pler Incident, including a
discussion of the associated risks, see the Company’s Annual Report
on Form 10-K for the year ended December 31, 2023 filed on February
27, 2024, as well as the Company’s Quarterly Reports on Form 10-Q
for the quarter ended March 31, 2024 filed on May 8, 2024, for the
quarter ended June 30, 2024 filed on July 31, 2024, and for the
quarter ended September 30, 2024 filed on November 6, 2024. Further
updates on the �pler Incident, as and when available, will
continue to be provided through press releases and posts to the
Company’s website.
About SSR Mining
SSR Mining is listed under the ticker symbol SSRM on the Nasdaq
and the TSX, and SSR on the ASX.
For more information, please visit www.ssrmining.com.
Cautionary Note Regarding Forward-Looking Information
Except for statements of historical fact relating to us, certain
statements contained in this news release constitute
forward-looking information, future oriented financial information,
or financial outlooks (collectively “forward-looking information”)
within the meaning of applicable securities laws. Forward-looking
information may be contained in this document and our other public
filings. Forward-looking information relates to statements
concerning our outlook and anticipated events or results and, in
some cases, can be identified by terminology such as “may”, “will”,
“could”, “should”, “expect”, “plan”, “anticipate”, “believe”,
“intend”, “estimate”, “projects”, “predict”, “potential”,
“continue” or other similar expressions concerning matters that are
not historical facts.
Forward-looking information and statements in this news release
are based on certain key expectations and assumptions made by us.
Although we believe that the expectations and assumptions on which
such forward-looking information and statements are based are
reasonable, undue reliance should not be placed on the
forward-looking information and statements because we can give no
assurance that they will prove to be correct. Forward-looking
information and statements are subject to various risks and
uncertainties which could cause actual results and experience to
differ materially from the anticipated results or expectations
expressed in this news release.
Forward-looking information and statements in this news release
include any statements concerning, among other things: consultation
with third parties and government authorities, the results of
continuing and future analysis and assessments of the cause of the
�pler Incident, any and all other timing, exploration,
development, operational, financial, budgetary, economic, legal,
social, environmental, regulatory, and political matters that may
influence or be influenced by future events or conditions.
The above list is not exhaustive of the factors that may affect
any of the Company’s forward-looking information. You should not
place undue reliance on forward-looking information and statements.
Forward-looking information and statements are only predictions
based on our current expectations and our projections about future
events. Actual results may vary from such forward looking
information for a variety of reasons including, but not limited to,
risks and uncertainties disclosed in our filings on our website at
www.ssrmining.com, on EDGAR at www.sec.gov, on SEDAR at
www.sedarplus.ca, and on the ASX at www.asx.com.au and other
unforeseen events or circumstances. Other than as required by law,
we do not intend, and undertake no obligation to update any
forward-looking information to reflect, among other things, new
information or future events. The information contained on, or that
may be accessed through, our website is not incorporated by
reference into, and is not a part of, this document.
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