If you invested in SSRM and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses »

02/23/2022 - 02/27/2024


Complaint 03/18/24


[email protected]

Over the past month, it has been one negative news story after another for SSR Mining. Most recently, on Mar. 8, 2024, the Denver, Colorado-based precious metal producer, SSR announced that its Chief Financial Offer Alison White left the company effective Mar. 7, 2024, sending the price of SSR shares significantly lower.

By the date of CFO White’s abrupt departure, SSR shares were down nearly 55% since Feb. 12, 2024 on reports of a catastrophic event at the Company’s gold mine in Eastern Turkey.

Apart from suspending operations and provoking the ire of Turkish regulators, the devasting landslide triggered a securities class action against SSR and its senior management. The complaint, brought on behalf of investors who purchased SSR securities between Feb. 23, 2022 and Feb. 27, 2024, inclusive, alleges Defendants made misleading statements and failed to disclose that (1) SSR overstated its commitment to safety and the efficacy of its safety measures, and (2) the company engaged in unsafe mining practices that were reasonably likely to result in a mining disaster.

Investors began to learn the truth on Feb. 13, 2024, when SSR suffered a devastating landslide at its Çöpler mine, leading to the tragic disappearance of nine workers and concerns of contamination of a nearby river due to the cyanide and other chemicals stored in the mine. The landslide has led to a broad investigation into the mine’s safety practices, including the detention and arrest of SSR employees, the company’s suspension of Çöpler mine operations, and management’s withdrawal of guidance.

These events have caused the price of SSR securities to plummet, injuring SSR investors.


What is the SSRM securities class-action case about?

We are investigating circumstances surrounding White’s departure and whether SSR may have intentionally misled investors about its commitment to safety in its core mining operation.


I worked at SSRM. What should I do?

If you were an employee of SSRM during the period relevant to the class-action case, you may have valuable information that could be relevant to the lawsuit. Hagens Berman is one of the nation’s top whistleblower law firms, and has successfully represented many individuals who come forward with information regarding corporate malfeasance. Under the new SEC Whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, contact Reed Kathrein at 844-916-0895 or [email protected].

There are multiple law firms participating, do I need to contact all of them?

No, you do not need to contact all participating law firms. Generally, class-action lawsuits are consolidated into a single case to streamline the legal process, and attorneys from only a few law firms are selected to serve in a leadership role on the consolidated case. Hagens Berman has a proven track record of being appointed to leadership roles in complex, multidistrict litigation regarding investor fraud and other consumer rights issues, and your claim will be handled by attorneys who have helped secure approximately $325 billion in class-action settlements on behalf of individuals who have suffered due to corporate malfeasance and the wrongdoing of other powerful institutions


What is the threshold amount to be eligible? What are “substantial” losses?

The threshold amount and the definition of "substantial" losses may vary depending on a number of factors specific to the case, including the size of the company, market cap, shares outstanding and who holds them and the damages alleged by the fraud. In general, to be eligible to participate in a class-action lawsuit, you must be able to demonstrate that you suffered financial losses as a result of the alleged wrongdoing and that your losses meet the criteria set by the court or law firm. Fill out the form and submit your losses.


Am I affected? What do I need to do to participate?

If you were an investor in SSRM during the relevant period specified in the class-action lawsuit, you may be affected and eligible to participate in the case. To determine your eligibility and potential involvement, fill out the form and submit your losses.

Can any SSRM investor participate?

In most class-action cases, any investor who meets the eligibility criteria, including purchasing the shares during the relevant period, can participate, regardless of the size of their investment. Fill out the form to find out your rights.

I bought on a non-U.S. Exchange. Can I participate?

No. This class-action only covers shares bought on a U.S. exchange, i.e. NASDAQ or NYSE. Fill out the form to find out your rights.

Am I included if I still hold my shares, or do I need to sell to participate?

Participation is based on purchasing shares during the relevant period, rather than your current holdings. Accordingly, you do not need to sell to participate. Fill out the form to find out your rights.

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