SSR Mining Declares that Operations at Seabee Will be Temporarily Suspended

SSR Mining Inc. (NASDAQ:SSRM) reported that due to power outages brought on by nearby forest fires, operations at Seabee have been temporarily halted.

Currently, the forest fires are situated around 15 kilometers north of the site. Although the site and infrastructure are not currently under immediate danger due to the fire, standard safety procedures are being followed to protect the staff members.

SSR Mining Inc. (NASDAQ:SSRM) is a minerals firm that mines precious metals in the Americas. The production of gold accounts for more than half of Silver Standard's earnings, with silver production providing a significant amount. The Marigold mine in Nevada, the Seabee Gold Operation in Saskatchewan, Canada, and the Puna mine in Argentina are all owned and run by the firm.

The Puna mine is the primary source of Silver Standard's silver production, while the Marigold mine provides the majority of the company's gold.

While we acknowledge the potential of SSRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.

Disclosure. None.