Form 4: SSR Mining Director Thomas R. Bates Jr. Reports Acquisition of Deferred Share Units

Director Thomas R. Bates Jr. acquired 6,568 deferred share units in SSR Mining Inc. on April 1, 2024.

Summary

• On April 1, 2024, Thomas R. Bates Jr., a director of SSR Mining Inc., acquired 6,568 deferred share units (DSUs).
• These DSUs represent the right to receive the cash value of SSR Mining's common shares upon settlement.
• The DSUs are earned upon grant and will be settled when Mr. Bates retires from the Issuer's Board of Directors.
• Following this transaction, Mr. Bates beneficially owns 102,433 deferred share units.
• The transaction was reported on April 2, 2024.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard reporting of insider transactions. The acquisition of deferred share units can be seen as a positive sign, but it's not a major event.

Positives

• The acquisition of deferred share units by a director signals confidence in the company's future performance.

Future Outlook

The deferred share units will be settled upon Mr. Bates' retirement from the Board of Directors, representing a future cash payout tied to the value of SSR Mining's common shares at that time.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of deferred share units by a director can positively influence shareholder confidence.

Key Dates