SSR Mining stock rises as it calls convertible notes for redemption, with gold prices firm
SSR Mining shares rose 1.7% to $29.60 early Friday after the company moved to redeem its 2.50% convertible notes due 2039, prompting a potential issuance of 13 million new shares if all holders convert. The conversion deadline is March 19. Gold prices climbed 0.8% to $5,039.42 an ounce after weaker-than-expected U.S. GDP data.
