SCHEDULE 13G/A: Van Eck Associates Corp. Discloses 8.31% Passive Stake in SSR Mining Inc.

Van Eck Associates Corp. has filed an amended Schedule 13G, reporting a beneficial ownership of 8.31% in SSR Mining Inc. as of December 31, 2024.

Summary

• Van Eck Associates Corp. reported beneficial ownership of 16,811,484 common shares of SSR Mining Inc.
• This holding represents 8.31% of SSR Mining Inc.'s common shares outstanding.
• The filing date for this Schedule 13G Amendment No. 13 is February 14, 2025, with the beneficial ownership calculated as of December 31, 2024.
• Van Eck Associates Corp. holds sole voting power over 16,730,507 shares and sole dispositive power over 16,811,484 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of SSR Mining Inc.

Sentiment

Score: 7

Explanation: The filing indicates a significant, passive investment by a reputable asset manager, Van Eck Associates Corp., in SSR Mining Inc., which can be interpreted as a positive signal of institutional confidence in the company's long-term prospects.

Positives

• A major investment adviser, Van Eck Associates Corp., holds a significant 8.31% stake, indicating potential institutional confidence in SSR Mining Inc.
• The holding is for investment purposes in the ordinary course of business, suggesting a long-term, passive investment strategy by a reputable firm.

Negatives

• No specific negative information about SSR Mining Inc. is disclosed in this passive ownership filing.

Risks

• This filing is a passive investment disclosure and does not indicate any intent by Van Eck Associates Corp. to influence or change the control of SSR Mining Inc., meaning no activist pressure is implied.

Future Outlook

This Schedule 13G filing by Van Eck Associates Corp. does not provide any forward-looking statements or guidance regarding SSR Mining Inc.'s future performance or outlook.

Management Comments

• Van Eck Associates Corp. certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of SSR Mining Inc.

Industry Context

This filing reflects a significant passive investment by a major asset manager, Van Eck Associates Corp., which is known for its focus on commodity-related investments, including precious metals. Such a substantial stake by a specialized investment firm can be viewed as a vote of confidence in the mining sector and specifically in SSR Mining Inc.'s assets and operational strategy.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, potentially reinforcing confidence in the company's investor base.
• Management: Awareness of a large, passive institutional investor on the shareholder register, which typically implies a stable, long-term shareholder.

Next Steps

• Van Eck Associates Corp. will continue to file amendments to Schedule 13G as required by SEC regulations if their beneficial ownership percentage changes significantly (e.g., by more than 1% of the class).

Key Dates

Recommendation

Keywords

SSR Mining Inc., Van Eck Associates Corp., Schedule 13G, Beneficial Ownership, Mining, Common Shares, Investment Adviser, SEC Filing