Welcome to our dedicated page for Ssr Mng news (Ticker: SSRM), a resource for investors and traders seeking the latest updates and insights on Ssr Mng stock.
SSR Mining Inc. reports developments tied to its precious-metals mining portfolio and publicly traded common shares on Nasdaq and the TSX. Company updates commonly cover consolidated operating and financial results, gold-equivalent production, operating guidance, Mineral Reserves and Mineral Resources, and technical disclosures for assets and projects such as Marigold, Seabee, Puna, Hod Maden, Buffalo Valley, Cortaderas, Porky, and the Cripple Creek & Victor Gold Mine.
Recurring corporate news also includes capital-return actions such as normal course issuer bids and share repurchase programs, capital-structure matters involving convertible senior notes, annual meeting voting results, director elections, executive compensation advisory votes, auditor appointments, and other governance matters.
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SSR Mining Inc. (NASDAQ/TSX: SSRM) has announced the release date for its first quarter 2023 consolidated financial results. The news release is scheduled for May 4, 2023, before the markets open, followed by a conference call at 5:00 PM EDT. Investors and the public can access the conference call via a dedicated toll-free number or through a webcast available on the company's investor relations website.
SSR Mining operates four producing gold mines across the USA, Türkiye, Canada, and Argentina, with an average production of over 700,000 gold-equivalent ounces annually over the last three years. The company focuses on free cash flow generation and has a robust development and exploration pipeline.
SSR Mining has released encouraging results from 48 drill holes at the Puna project in Argentina, focusing on resource expansion and discovery from August to December 2022. Significant highlights include:
- 27 meters at 836 g/t Ag and 16 meters at 699 g/t Ag from the Chinchillas property.
- Plans to expand the exploration budget to 15,000 meters in 2023.
- Positive results from Melina and Socavon Del Diablo zones indicating potential for additional mining opportunities.
The update underscores the potential to extend the mine life and enhance mineral reserves at Puna.
SSR Mining Inc. (NASDAQ/TSX: SSRM) reported consolidated financial results for 2022, achieving attributable net income of $194.1 million, or $0.89 per diluted share. The company produced 623,819 gold equivalent ounces at a cost of sales of $985 per ounce. In Q4 2022, production totaled 182,655 ounces with a cash flow of $118 million. SSR Mining declared a quarterly cash dividend of $0.07, reflecting a yield of approximately 5.0%. The company anticipates a production target of 700,000 ounces for 2023, aiming for continued growth with significant investments in Çöpler's Çakmaktepe Extension and Marigold's Red Dot projects.
SSR Mining reported full-year 2022 production of 624,000 gold equivalent ounces with a cost of sales of $985 per ounce. The 2023 production guidance is set at 700,000 to 780,000 ounces, with cost of sales projected between $1,055 and $1,115 and AISC between $1,365 and $1,425 per ounce. The company plans to increase its exploration budget by 50% to enhance resource development, targeting a stable production average of 700,000 ounces annually through 2025. CEO Rod Antal emphasized robust free cash flow generation and increased capital returns to shareholders, anticipating significant production growth and continued operational strength.