Precious Metals Miner Moves Higher on Operations Update

Published:

SSR Mining Inc. (TSX:SSRM), a precious metals miner, gained ground after announcing that it recorded adjusted attributable net income of US$5.7 million during its first quarter

Sean Mason | May 11, 2018 | SmallCapPower

An impressive quarter boosted shares of a precious metals miner Friday. Here’s some small stocks making big moves on Friday, May 11, 2018 (as of 4 pm EST):

SSR Mining Inc. (TSX:SSRM) shares gained 4% to $13.86 on Friday after the precious metals miner announced that it produced 78,483 gold equivalent ounces at cash costs of US$766 per payable ounce, generating operating cash flow of US$11.0 million and adjusted attributable net income of US$5.7 million, or $0.05 per share, during the first quarter of 2018.

Win Big With Our Small Cap Picks

 

As well, shares of Platinum Group Metals Ltd. (TSX:PTM) fell 19% to $0.175 as the miner said it plans to raise approximately US$17.1 million in an equity financing at a price of US$0.15 per unit.

Neovasc Inc. (TSX:NVCN), meanwhile, reported that its first-quarter revenue slid 77% to US$339,922. Neovasc stock dropped 23% to $0.05 following the announcement.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below:

Related articles

Recent articles