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Mon. 27 Jun 2022, 3:56pm ET Benzinga News, Movers, Trading Ideas

SSR Mining Inc (NASDAQ:SSRM) shares are trading lower Monday after the company said it experienced a minor cyanide leak at one of its mines.

SSR Mining said it was aware of reports indicating a potential temporary halt of operations at its Çöpler mine and is seeking a formal response from the Ministry of Environment.

"On June 21st, SSR Mining experienced a minor leak estimated at eight kilograms of cyanide within the diluted solution from a pipeline that pumps solution to the heap leach pad. This leak was within the mine operating area and was cleaned up immediately without any environmental impact or discharge from site," the company said.

SSR Mining will await formal communication from the relevant authorities prior to pursuing any particular course of action regarding the operation of the mine.

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SSRM Price Action: SSR Mining has traded between $24.58 and $14.19 over a 52-week period.

The stock was down 4.56% at $17.99 at time of publication, according to data from Benzinga Pro.