Mar 31, 2023

SSR Mining Q1 2023 Earnings Report

Reported consolidated financial results for the first quarter ended March 31, 2023.

Key Takeaways

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.

Attributable & Adjusted Attributable Diluted Earnings Per Share of $0.14 and $0.10, Respectively

Q1 Production of 147 Thousand Gold Equivalent Ounces at Cost of Sales of $1,289 and AISC of $1,693 Per Ounce

Year-to-Date Production and Cost Metrics On Track for Full-Year Consolidated Guidance Targets

Execution of Capital Returns Program Continued with $47 Million Returned to Shareholders in 2023

Total Revenue
$315M
Previous year: $355M
-11.5%
EPS
$0.1
Previous year: $0.3
-66.7%
AISC per AuEq Ounce
$1.69K
Gross Profit
$68.2M
Previous year: $143M
-52.4%
Cash and Equivalents
$562M
Previous year: $999M
-43.8%
Free Cash Flow
-$56.3M
Previous year: $27.7M
-303.2%
Total Assets
$5.23B
Previous year: $5.21B
+0.4%

SSR Mining

SSR Mining

Forward Guidance

The Company announced 2023 production guidance of 700 to 780 thousand gold equivalent ounces at consolidated cost of sales of $1,055 to $1,115 per gold equivalent ounce and AISC of $1,365 to $1,425 per gold equivalent ounce.