Bullish option flow was detected in SSR Mining $SSRM stock on December 1, 2022. The stock has transitioned into an uptrend channel with rising money flow. $SSRM stock is in a technical weak downtrend; however, it’s a turnaround candidate on the chart.
Bullish Option Flow In SSR Mining $SSRM Stock
Bullish option flow occurred in SSR Mining stock on December 1, 2022.
Make sure to review this lesson on option flow so that you understand the image above.
Volume exploded higher in the $17 call option contract.
SSR Mining announces exploration results at Marigold
SSR Mining published the findings from 316 drillholes completed at the Marigold mine in Nevada on November 28, 2022. The outcomes build on the technical report summary for Marigold 2021. With a current Mineral Reserve life of 11 years, Marigold’s exploration is concentrated on incorporating higher-grade oxide ounces into the mine plan in order to improve and prolong the current production profile and life of mine free cash flow generation. An updated Technical Report Summary for Marigold, which is anticipated in 2023, can take into account the potential growth of Mineral Reserve and Mineral Resource if exploration at these important exploration targets continues to be successful.
Rod Antal, President and CEO of SSR Mining, said, “These results showcase exceptional oxide grades that have potential to drive Mineral Reserve and Mineral Resource growth and complement the existing Marigold production profile. We expect to include some of this higher-grade oxide material in the 2023 Marigold TRS, which we anticipate will demonstrate an optimized and expanded production profile through the incorporation of New Millennium. In addition, with the recent results from both Trenton Canyon and Buffalo Valley, we believe the future is very bright for Marigold with opportunities to extend the existing 11 year mine life while adding higher grade, lower cost oxide ounces to the near and longer-term mine plan.”