SSR Mining Earnings Reports

SSR Mining reported a net income of $5.6 million, or $0.03 per diluted share, with adjusted net income of $21.3 million, or $0.10 per diluted share, and generated $56.4 million in free cash flow for Q4 2024. The company produced 124,154 gold equivalent ounces at a consolidated cost of sales of $1,295 per payable ounce and all-in sustaining costs (“AISC”) of $1,857 per payable ounce.

SSR Mining reported a net income attributable to shareholders of $10.6 million, or $0.05 per diluted share, despite challenges at Çöpler and Seabee. Adjusted net income was $6.4 million, or $0.03 per diluted share. The company spent $48.3 million on Çöpler remediation in Q3, bringing the total since April 1 to $103.3 million. They held $334.3 million in cash and cash equivalents.

SSR Mining reported a net income of $9.7 million, or $0.05 per diluted share, for Q2 2024. The company's operations were significantly impacted by the Çöpler incident, which led to the suspension of operations at the Çöpler mine. Despite this, Marigold, Seabee, and Puna operations remained on track. The company spent $55 million on remediation activities at Çöpler during the quarter.

SSR Mining's Q1 2024 results were impacted by the Çöpler Incident, with a net loss of $287.1 million. Excluding Çöpler, Marigold, Seabee and Puna are expected to produce 340,000 to 380,000 gold equivalent ounces in 2024.

SSR Mining reported a fourth quarter attributable net loss of $217.8 million, or $1.07 per diluted share, and adjusted attributable net income of $127.1 million, or $0.59 per diluted share. Operating cash flow was $203.2 million, and free cash flow was $144.4 million. The company had a cash and cash equivalent balance of $492.4 million as of December 31, 2023.

SSR Mining reported attributable net income of $15.2 million, or $0.07 per diluted share, and adjusted attributable net income of $53.0 million, or $0.26 per diluted share. The company generated $135.3 million in operating cash flow and $87.8 million in free cash flow. Production was 192,195 gold equivalent ounces at a cost of sales of $1,095 and AISC of $1,289 per ounce.

SSR Mining reported second quarter 2023 results with attributable net income of $74.9 million, or $0.35 per diluted share, and adjusted attributable net income of $75.1 million, or $0.35 per diluted share. The company produced 156,625 gold equivalent ounces at a cost of sales of $1,155 per ounce and AISC of $1,633 per ounce. They also repurchased 2.7 million shares for $40.1 million.

SSR Mining reported first quarter 2023 production of 146,894 gold equivalent ounces at cost of sales of $1,289 per gold equivalent ounce and all-in sustaining costs (“AISC”) of $1,693 per gold equivalent ounce. Attributable net income in the first quarter of 2023 was $29.8 million, or $0.14 per diluted share, and adjusted attributable net income was $21.3 million, or $0.10 per diluted share.

SSR Mining reported a solid fourth quarter with attributable net income of $93.9 million, or $0.43 per diluted share, and adjusted attributable net income of $25.6 million, or $0.12 per diluted share. The company delivered fourth-quarter production of 182,655 gold equivalent ounces at a cost of sales of $1,064 per gold equivalent ounce and AISC of $1,358 per gold equivalent ounce. Strong fourth-quarter operating cash flow was $118 million, with free cash flow of $97 million.

SSR Mining reported a net loss of $25.8 million, or $0.12 per diluted share, and an adjusted net loss of $13.5 million, or $0.07 per diluted share, for the third quarter of 2022. The company produced 106,919 gold equivalent ounces and returned nearly $100 million to shareholders through dividends and share repurchases. Full year production guidance has been revised to 620,000 to 655,000 gold equivalent ounces.

SSR Mining Inc. released its Q4 2021 financial results, providing insights into the company's performance during the quarter.