By Adriano Marchese
SSR Mining shares were lower Tuesday morning after the company said that a number of its staff are facing charges while its environmental permit was revoked after nine workers went missing following a landslide at its operation in Turkey.
Shares were recently trading 7.6% lower at 6.22 Canadian dollars ($4.61).
The miner said late Monday when markets were closed in Toronto for the Family Day long weekend that the Turkish government authorities temporarily suspended search and rescue activities at the Copler mine in order to stabilize the heap leach area.
The search began on Wednesday for the nine missing workers at its operation in Turkey which continued into the weekend.
The company has since suspended mining operations as emergency crews and first responders have been working to locate the missing workers.
Over the weekend, SSR Mining acknowledged that several of the company’s team members are now facing charges in relation to the incident. The company didn’t specify what the charges were or who was facing them.
The company also said that its environmental permit has been revoked and that the operation will remain suspended until further notice.
As a result of the accident, SSR Mining said it now expects to release its fourth quarter results on Feb. 27.
Write to Adriano Marchese at [email protected]
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