04:43 PM EDT, 07/31/2024 (MT Newswires) -- SSR Mining ( SSRGF ) (SSRM.TO, SSRM) edged up in after-hours Nasdaq trading after the company on Wednesday said its second-quarter profit fell 90% as it continues to deal with the deadly February collapse of a heap-leach pad at its Copler mine in Turkey

The company said its adjusted earnings, which exclude most one-time items, fell to US$7.49 million, or US$0.09 per share, in the period, down from US$75.1 million, or US$0.37, in the year-prior quarter.

Revenue fell 39% to US$184.84 million from US$301.03 million.

SSR said it has now recovered the bodies of all nine workers killed in the Copler heap-leach collapse. It also expects to recover all ore from the pad by the end of September. It expects to incur costs of between US$250 million to US$300 million from the incident, while noting it has available liquidity of US$858 million.

SSR Mining ( SSRGF ) says 2024 production guidance of 340,000 to 380,000 gold equivalent ounces for it Marigold, Seabee and Puna mines remains unchanged.

The company's shares were last seen up US$0.03 to US$5.60 after hours. They closed up $0.04 to $7.66 on the Toronto Stock Exchange.