Ssr Mng Inc Stock Price, News & Analysis

SSR Mining Inc. (NASDAQ: SSRM) announced the appointment of Ms. Leigh Ann Fisher to its Board of Directors. With over 30 years of experience in finance and leadership, Ms. Fisher previously served as Executive Vice President and Chief Administrative Officer of Alcoa Corporation until 2020. Her expertise includes human resources and procurement. Chairman Michael Anglin expressed confidence in her ability to enhance the board's effectiveness. SSR Mining is a prominent gold company with four operating assets producing approximately 794,000 gold-equivalent ounces in 2021.

SSR Mining Inc. reported strong financial results for 2021, achieving attributable EPS of $0.60 and adjusted EPS of $0.46. The company generated operating cash flow of $609 million and free cash flow of $444 million, with capital returns of $191 million. A significant highlight was a 40% increase in the dividend, now at $0.07 per share. The total gold Mineral Reserves rose by 14% to 9.2 million ounces, driven by resource conversion at several projects. SSR Mining maintains a robust balance sheet with $1 billion in cash, supporting further growth and exploration initiatives.

SSR Mining (NASDAQ: SSRM) reported a strong 2021 with 794,456 gold equivalent ounces produced, near the upper end of guidance. The company's all-in sustaining costs (AISC) were approximately $982 per ounce, outperforming the guidance range. For 2022, production is expected between 700,000-780,000 ounces, with AISC projected at $1,120-$1,180 per ounce. SSR Mining plans a 40% increase in its base dividend and a significant boost to exploration budgets by 45%. Despite inflationary pressures anticipated in 2022, the company expects to maintain solid free cash flow and shareholder returns.

SSR Mining Inc. (NASDAQ: SSRM) reported a tragic fatal vehicle accident involving an employee on January 26, 2022, near the Chinchillas mine in Jujuy Province, Argentina. The incident occurred while transporting mine personnel, resulting in one death and injuries to three others, including two SSR Mining team members. Operations at the Puna mine have been temporarily halted, and the company is providing support to affected families and employees. SSR Mining extends condolences to the employee's family and is cooperating with local police in their investigation.

SSR Mining Inc. (NASDAQ: SSRM) announced a news release for its fourth quarter 2021 consolidated financial results, scheduled for February 23, 2022, before market opening. The company will transition to U.S. GAAP and provide restated financial statements for the years ended December 31, 2020 and 2019. A conference call will follow at 5:00 PM EST on the same day, accessible via toll-free numbers and a webcast. SSR Mining operates four producing assets across various countries, with a strong focus on free cash flow.

SSR Mining (NASDAQ: SSRM) announced a definitive agreement to sell its Pitarrilla project in Durango, Mexico, to Endeavour Silver Corp. for up to US$127 million. The transaction includes US$35 million in cash, US$35 million in shares, and a 1.25% net smelter return royalty valued at up to US$57 million. SSR Mining expects the transaction to be accretive on an NAV per share basis and will hold approximately 5% of Endeavour's shares post-sale. Closing is subject to regulatory approvals and expected in H1 2022.

SSR Mining has officially launched commissioning activities for the Çöpler flotation circuit, part of the 2020 Çöpler District Master Plan. This project was completed on time and within budget in Q3 2021. The new circuit aims to enhance gold and sulfur grades, reduce reagent usage, and boost overall throughput and production from the sulfide plant. SSR Mining operates four producing assets in the USA, Turkey, Canada, and Argentina, and produced approximately 711,000 gold-equivalent ounces in 2020.

SSR Mining Inc. announced positive exploration results from the Amisk Property in Saskatchewan, showcasing significant gold mineralization. Key highlights include drill results such as BKD-21-001 with 1.51 g/t Au over 6.59 meters, and grab samples reaching up to 138.80 g/t Au. The exploration, part of a broader strategy including the acquisition of Taiga Gold Corp., highlights new prospects and further drilling plans for 2022 to expand the known mineralization. The Amisk Property, located within the Flin Flon mining district, is entirely owned by SSR Mining.

SSR Mining Inc. (NASDAQ: SSRM) announced positive results from 288 drillholes at the Marigold mine in Nevada, demonstrating significant gold intercepts. Notable findings include 2.97 g/t Au over 71.6 meters and 10.47 g/t Au over 16.8 meters. The company aims to extend the mine life beyond 10 years, focusing on the New Millennium area to complement its existing plans. Exploration efforts are also ongoing at Trenton Canyon and Buffalo Valley to delineate additional resources. The success of these drilling programs supports future production growth and reinforces SSR Mining's position in the market.