SSR Mining (SSRM) Resumes Mining at Flagship Project

SSR Mining Inc. (NASDAQ:SSRM) is one of the 10 most undervalued gold stocks to buy, according to analysts. On June 16, the company announced it had resumed operations at its flagship Seabee project. Operations at the site were suspended for two weeks due to power interruptions caused by forest fires.

SSR Mining (SSRM) Resumes Mining at Flagship Project

A mining truck loaded with precious metals in an open pit mine.

Seabee is one of the company’s flagship mines in Northern Saskatchewan, Canada. The mine boasts proven and probable Mineral Reserves of 312,000 ounces of gold at an average grade of 5.36 g/t. The company expects to produce between 70,000 and 80,000 ounces of gold, with a cost of sales ranging from $1,230 to $1,270 per ounce from the mines.

Likewise, SSR Mining expects its total gold equivalent production in the range of 410,000 to 480,000 ounces for 2025. The company expects significant production growth and strong cash flow following the acquisition of CC&V.

SSR Mining Inc. (NASDAQ:SSRM) is a precious metals mining company with operations in the United States, Turkey, Canada, and Argentina. It acquires, explores, and develops properties with precious metal resources. SSR Mining produces gold, as well as copper, silver, lead, and zinc concentrates.

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Disclosure: None.