SSR Mining to Exit ASX Listing: Here’s What It Means

2 min read | March 03, 2025 07:23 PM AEDT | By Team Kalkine Media

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Highlights

SSR Mining (ASX:SSR) plans to delist from the Australian Securities Exchange by April 2025.

The decision is due to low trading volumes on ASX compared to NASDAQ and TSX.

The company will continue trading on TSX and NASDAQ under (NASDAQ:SSRM) and (TSX:SSRM).

SSR Mining (ASX:SSR), a Denver-based gold mining company, has announced its voluntary delisting from the Australian Securities Exchange (ASX), with the official removal set for April 8, 2025. The company has received the necessary approval from ASX, and trading of its CHESS Depositary Interests (CDIs) on the exchange will be suspended on April 4, 2025.

This decision comes as SSR Mining (NASDAQ:SSRM) evaluates its global trading presence and recognizes that the ASX listing has seen limited trading activity. According to the company, the volume of trades on the ASX is significantly lower compared to the activity observed on the NASDAQ and TSX, leading to the decision to streamline its exchange listings.

As of January 31, 2025, CDIs registered in Australia accounted for only 1.74% of the company’s total issued share capital, reinforcing the rationale for this move. With a market capitalization of approximately $3.23 billion, SSR Mining (TSX:SSRM) believes that consolidating its listings will enhance trading efficiency and liquidity for its investors.

Following the delisting, investors in Australia holding CDIs will have the option to convert their holdings into shares traded on the NASDAQ or TSX, where the company will continue its operations under the ticker symbol SSRM. The company is expected to provide further guidance to CDI holders regarding the transition process.

SSR Mining (ASX:SSR) is a gold-focused mining firm with a strong portfolio of assets spanning the United States, Turkey, Canada, and Argentina. The company remains committed to its ongoing projects and future growth strategies, ensuring that investors have access to its stock through the North American exchanges.

With the upcoming exit from ASX, SSR Mining (NASDAQ:SSRM) aims to optimize its trading footprint while maintaining its presence in key global markets. Investors tracking the stock can continue to engage with the company’s performance through its primary listings on the TSX and NASDAQ.

For those holding shares on the ASX, staying informed about the delisting process and available alternatives will be essential in navigating this transition. More updates are expected as the delisting date approaches.

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