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SSR Mining Outperform Rating Reiterated by BMO Capital Following Copler Restart; Price Target at US$25.00

MT Newswires ·  09/23 23:16

11:15 AM EDT, 09/23/2022 (MT Newswires) -- BMO Capital Markets on Friday reiterated its outperform rating on the shares of SSR Mining (SSRM.TO, SSRM) with a US$25.00 price target following the restart of operations at the Copler Mine in Turkey.

"This morning, SSR announced that the Copler Mine in Turkiye has received all regulatory approvals to restart operations. Operations were temporarily suspended at the end of June following a minor leak at the mine's leach pad. While operations were halted, SSRM accelerated and completed all of its 2022 scheduled maintenance.We have moderated our 2022 production assumptions for the mine, which resulted in our target price decreasing slightly to $25," analyst Ryan Thompson noted.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here:

Price: 18.44, Change: -0.66, Percent Change: -3.46

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