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November 12, 2024
PI Global Investments
Precious Metals

SSR to pay for cleanup at Turkish gold mine, minister says


“Hundreds of trucks are working at the site, removing as much as 90,000 tons of soil every day,” Bayraktar said. “We’re currently moving them to a temporary location, but once the storage area is ready, it will all be transferred there. The costs will be assumed by the company.”

Anagold Madencilik, 80%-owned by Denver-based SSR Mining, was fined 16.4 million liras after a cyanide spill in 2022, at the time equal to about $1 million. The minister didn’t comment on any new fines. 

The mine’s environmental permits were revoked after the incident.

Shares of SSR Mining have fallen 57% to $4.19 in US trading since the landslide. The company retracted its previous guidance on Çöpler while also suspending quarterly dividend payments and an automatic share purchase plan. 

SSR didn’t comment on the possible cost of the cleanup when contacted by Bloomberg.





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