UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For February 17, 2021

Commission File Number: 001-35455

 

 

SSR MINING INC.

(Translation of registrant’s name into English)

 

 

#800 – 1055 Dunsmuir Street

PO Box 49088, Bentall Postal Station

Vancouver, British Columbia

Canada V7X 1G4

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

☐  Form 20-F                ☒  Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

DOCUMENTS FILED AS PART OF THIS FORM 6-K

See the Exhibit Index hereto.

 

 

 

 

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    SSR Mining Inc.
    (Registrant)
Date: February 17, 2021     By:   Signed: “Gregory Martin”
      Gregory Martin
    Title:   Executive Vice President and Chief Financial Officer

 

 

 

 

SUBMITTED HEREWITH

 

Exhibits

    
99.1    News Release dated February 17, 2021

Exhibit 99.1

 

News Release

 

February 17, 2021

 


SSR MINING declares inaugural dividend

 

DENVER, CO – SSR Mining Inc. (NASDAQ/TSX: SSRM; ASX: SSR) (“SSR Mining”) announces that its Board of Directors declared a quarterly cash dividend of US$0.05 per common share, payable on March 31, 2021 to holders of record at the close of business on March 5, 2021. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.

The dividend payment applies to holders of SSR Mining’s common shares, which trade on the Toronto Stock Exchange and the Nasdaq under the symbol SSRM, and to holders of its CHESS Depositary Interests (“CDIs”), which trade on the Australian Securities Exchange under the symbol SSR. Each CDI confers a beneficial interest in one common share. Therefore, CDI holders are entitled to a dividend calculated on the same basis as the holders of SSR Mining’s common shares.

SSR Mining has sought and been granted a temporary waiver of certain of the ASX Settlement Operating Rules. Under the authority of the waiver, the processing of conversions of common shares to CDIs, or CDIs to common shares, lodged on or after March 4, 2021, will be deferred until after the record date of March 5, 2021.

The key dates with respect to the dividend are as follows:

 

Last date for processing requests to convert CDIs into common shares and to convert common shares into CDIs before the record date for the dividend March 3, 2021
CDIs trade on the ASX on an ex-dividend basis March 4, 2021
Common shares trade on the TSX and Nasdaq on an ex-dividend basis March 4, 2021
Record date for the dividend March 5, 2021
Processing recommences for requests to convert CDIs into common shares and to convert common shares into CDIs March 8, 2021
Common share dividend payment date March 31, 2021
(in Canada and the United States)
Payment of dividend to CDI holders April 1, 2021
(in Australia)

 

The dates set out above are based on our current expectations and may be subject to change. If any of the dates should change, the revised dates will be announced by press release and will be available from www.ssrmining.com.

 

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Payments to Canadian shareholders will be made in Canadian dollars based on the exchange rate on the record date as reported by the Bank of Canada. Payments to other shareholders will be made in U.S. dollars. For CDI holders, payments will be made in Australian dollars, and it is expected to be based on the prevailing exchange rate sourced from the wholesale foreign exchange market on or around 5 business days after the record date.

As the dividend originates from Canada, non-resident withholding tax will be deducted as required by Canadian tax law. The non-resident withholding tax is 25% unless a shareholder or CDI holder has certified that he or she is a resident of a country with a tax treaty with Canada and such holder qualifies for a lower rate of withholding tax under such tax treaty. Shareholders and CDI holders who are residents of countries with which Canada has a tax treaty must certify their non-resident status every three years, or when there is a change in the holder's eligibility for the declared treaty benefits (and, in the case of a partnership or hybrid entity, when there is a change in the effective rate of withholding).

Registered Shareholders

All registered shareholders who are non-residents of Canada and who are entitled to tax treaty benefits should complete a Canadian Tax Form NR301 (or Form NR302 in the case of a partnership with non-resident partners or Form NR303 in the case of a hybrid entity) and return it prior to the dividend record date to SSR Mining’s Transfer Agent in Canada, Computershare Investor Services Inc, at the address below.

 

All U.S. registered shareholders are also subject to backup withholding taxes at 24%. To prevent backup withholding taxes, submit a Form W9 and return it prior to the dividend record date to SSR Mining’s Transfer Agent in Canada, Computershare Investor Services Inc, at the address below.

 

Computershare Investor Services Inc.

100 University Ave, 8th Floor

Toronto, Ontario M5J 2Y1

Shareholders who hold their shares through a broker should contact their broker directly. They do not need to return a form to Computershare in Canada.

CDI holders

CDI holders who are entitled to tax treaty benefits should download a Canadian Tax Form NR301 from www-au.computershare.com/Investor/#Company, and enter SSR into the search box. Complete the form and return it prior to the dividend record date to SSR Mining’s CDI Registrar in Australia, Computershare Investor Services Pty Limited, at the following address:

 

Computershare Investor Services Pty Limited

GPO Box 2106 Melbourne

Victoria 3001 Australia

 

All CDI holders with a registered address in the U.S. are also subject to backup withholding taxes at 24%. To prevent backup withholding taxes, submit a Form W9 and return it prior to the dividend record date to SSR Mining’s CDI Registrar at the address above.

 

Applicable shareholders and CDI holders that do not return the NR301 form by the record date will be subject to the non-treaty Canadian withholding tax rate of 25%.

 

 

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For more tax information, please refer to Canada Revenue Agency (CRA) website.

 

The content contained herein is not tax advice. Do not use or otherwise rely upon any of the content without first seeking independent tax advice.

 

About SSR Mining

 

SSR Mining Inc. is a leading, free cash flow focused intermediate gold company with four producing assets located in the USA, Turkey, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets in the USA, Turkey, Mexico, Peru, and Canada. In 2020, the four operating assets produced approximately 711,000 gold-equivalent ounces. SSR Mining is listed under the ticker symbol SSRM on the NASDAQ and the TSX, and SSR on the ASX.

 

SOURCE: SSR Mining Inc.

 

SSR Mining Contacts

F. Edward Farid, Executive Vice President, Chief Corporate Development Officer 

Brian Martin, Director, Corporate Development & Investor Relations 

SSR Mining Inc. 

E-Mail: invest@ssrmining.com

Phone: +1 (888) 338-0046 or +1 (604) 689-3846

 

To receive SSR Mining's news releases by e-mail, please register using the SSR Mining website at www.ssrmining.com.

 

 

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