Ssr Mng Inc Stock Price, News & Analysis

SSR Mining Inc. (NASDAQ: SSRM) has appointed Alison White as the new Executive Vice President and Chief Financial Officer, effective at the end of March 2021. Ms. White brings extensive experience from her previous role at Newmont Mining as Regional Chief Financial Officer for North America and has held various leadership positions across multiple industries. SSR Mining extends gratitude to outgoing CFO Greg Martin for his nine years of service. The company is focused on generating free cash flow with four producing assets across North America, Turkey, Canada, and Argentina, producing approximately 711,000 gold-equivalent ounces in 2020.

SSR Mining Inc. reported strong financial results for Q4 2020, driven by operational momentum and the completion of the Alacer merger. The company produced 220,000 gold-equivalent ounces at an All-in Sustaining Cost (AISC) of $976 per ounce, generating $157 million in free cash flow. Fourth-quarter revenue reached $152 million, with an adjusted attributable EPS of $0.50 per share. SSR Mining also declared its first quarterly dividend of $0.05 per share and expects to sustain production between 700,000 to 800,000 gold-equivalent ounces over the next five years.

SSR Mining declared a quarterly cash dividend of US$0.05 per common share, payable on March 31, 2021. Shareholders on record by March 5, 2021 are eligible. This dividend qualifies as an 'eligible dividend' for Canadian income tax. The announcement includes key dates for processing conversions of shares and CDIs, with CDIs trading ex-dividend on March 4, 2021. Payments to Canadian shareholders will be made in Canadian dollars, while others will receive payments in US dollars. Non-resident withholding tax at 25% applies unless a tax treaty is in place.

SSR Mining Inc. (NASDAQ: SSRM) has announced the date for its fourth quarter and year-end 2020 consolidated financial results, which will be released on February 17, 2021, before market opening. A conference call is scheduled for the same day at 5:00 pm EST. The company produced approximately 711,000 gold-equivalent ounces in 2020 from its four operating assets across the USA, Turkey, Canada, and Argentina. Investors can access the conference call via toll-free numbers and a webcast available on SSR Mining's website.

SSR Mining announced its full year 2020 production results, achieving approximately 711,000 gold-equivalent ounces. The company anticipates 2021 production between 720,000 and 800,000 gold-equivalent ounces at all-in sustaining costs of $1,050 to $1,110 per ounce. President Rod Antal highlighted the transformative year following the Alacer Gold merger and the commitment to generating free cash flow while optimizing assets. Key operational catalysts and growth initiatives are planned, including significant capital expenditures for each operational site.

SSR Mining announced positive results from its Çöpler District Master Plan 2020, highlighting a significant increase in Mineral Reserves and Resources. The Reserve Case estimates an NPV at 5% of $1.7 billion, with a life of mine production of 3.6 million ounces of gold and average annual production of 266,000 ounces. The alternative Preliminary Economic Assessment (PEA) Case suggests a potential NPV of $2.2 billion with 4.6 million ounces of gold and 306,000 ounces annual production. The company is set to construct a supplemental flotation circuit to enhance operational efficiencies.

SSR Mining Inc. (NASDAQ: SSRM) announced promising results from its diamond drilling program at the Çöpler copper-gold porphyry target (C2), located beneath the Çöpler Main pit. Four drill holes completed along a 730-meter line intersected gold-rich copper porphyry mineralization. Key results include an intercept of 0.74% CuEq over 241.5 meters and 1.77% CuEq over 32 meters. The findings indicate the potential for significant growth opportunities at Çöpler, with ongoing drilling and metallurgical tests planned to further assess the mineralization.

SSR Mining reported third-quarter 2020 financial results, highlighting an adjusted EPS of $0.49 and a net income of $67.8 million. The company completed a merger with Alacer Gold, enhancing its position in the precious metals sector. Notably, SSR Mining announced a quarterly cash dividend of $0.05 per share to start in Q1 2021, indicating strong cash flow sustainability. Year-to-date production reached 491,821 gold equivalent ounces, with a revised guidance of 680,000 to 760,000 ounces for the full year. The company maintains a robust cash balance of $772.8 million and operational stability across all mines.

SSR Mining Inc. is set to announce its third quarter 2020 consolidated financial results on November 12, 2020, before market opening. A conference call will follow on the same day at 5:00 pm EST, allowing investors and media to engage with company leadership. SSR Mining, a leading intermediate gold company, operates four producing assets across USA, Turkey, Canada, and Argentina, boasting a diversified portfolio that yielded over 720,000 ounces of gold in 2019.