Ssr Mng Inc Stock Price, News & Analysis

SSR Mining has released promising exploration results from the Marigold mine in Nevada, showcasing significant gold intercepts including 4.2 g/t Au over 26 meters and 2.7 g/t Au over 17 meters at the New Millennium target. These results follow drilling of 316 holes completed between October 2021 and August 2022. The exploration aims to extend the mine's life and enhance the current production profile. An updated Technical Report Summary is anticipated in 2023, with the potential for growth in Mineral Reserves and Resources at Marigold.

SSR Mining (NASDAQ: SSRM) reported a third-quarter net loss of $25.8 million, or $0.12 per share, with a notable adjusted EPS loss of $0.07. Production reached 106,919 gold equivalent ounces, though year-to-date production totaled 441,164 ounces at costs of $955 per ounce and AISC of $1,331. Despite challenges, the company announced that it has restarted its Çöpler operations and targets full-year production of 620,000 - 655,000 ounces. SSR Mining closed the Pitarrilla project sale and plans to consolidate its operations with a new 30% joint venture interest acquisition.

SSR Mining announced the acquisition of an additional 30% interest in the Kartaltepe Mining Joint Venture for $150 million, increasing its ownership in the Çöpler District to 80%. The transaction is expected to create synergies, enhance cash flow, and increase exposure to valuable exploration assets, including the Çakmaktepe Extension. This strategic move is funded by proceeds from non-core asset sales, with expectations of continued resource growth and an improved mine life cash flow.

SSR Mining Inc. (NASDAQ: SSRM) will release its third quarter 2022 financial results on November 8, 2022, before market opening. The company will host a conference call on the same day at 5:00 pm EST to discuss the results, inviting investors, media, and the public to participate. The call will be available via a webcast and will be archived for later access. SSR Mining focuses on free cash flow generation from four producing assets across the USA, Türkiye, Canada, and Argentina, collectively producing approximately 794,000 gold-equivalent ounces in 2021.

SSR Mining Inc. (NASDAQ: SSRM) has announced positive results from 151 diamond drill holes at the Çakmaktepe Extension project, spanning May 2021 to June 2022. These findings contribute to a reserve of 1.7 million ounces of gold. Notably, the project aims to add 1.2 million ounces to the Çöpler mine's production profile, requiring $69 million in development capital. Key drill results include significant intercepts, such as 8.23 g/t Au over 28.3 meters. The company received its Environmental Impact Assessment for the first phase, paving the way for project advancement.

SSR Mining Inc. (NASDAQ: SSRM) announced on September 22, 2022, the restart of operations at the Çöpler mine following regulatory approvals from Türkiye's government. During its temporary suspension, SSR Mining completed planned maintenance on the sulfide plant, eliminating any scheduled maintenance for the remainder of 2022. The company emphasizes its position as a leading, free cash flow focused gold company with significant production capabilities, having produced approximately 794,000 gold-equivalent ounces in 2021 from its four assets.

SSR Mining reported solid Q2 2022 results with a diluted EPS of $0.27 and adjusted EPS of $0.30. The company produced 159,262 gold equivalent ounces at production costs of $986 per ounce. For the first half of 2022, total production was 333,201 ounces at $918 per ounce. Capital returns reached nearly $100 million, yielding 2.8%. Key developments included an acquisition and the sale of the Pitarrilla project. The Çöpler mine is set to restart operations in Q3 2022 after regulatory approval. A quarterly dividend of $0.07 per share was declared, payable September 6, 2022.

SSR Mining Inc. (NASDAQ: SSRM) has restructured its Chief Operating Officer role to enhance long-term success and operational excellence. This change introduces two new Executive Vice President positions: one focused on Growth and Innovation, filled by John Ebbett, and another on Operations and Sustainability, which is yet to be filled. Ebbett, who has a strong track record, will lead innovation initiatives, while outgoing COO Stewart Beckman transitions to a supportive role until the end of 2023. SSR Mining operates four assets producing approximately 794,000 gold-equivalent ounces in 2021.