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Mar 31, 2024
SSR Mining Q1 2024 Earnings Report
SSR Mining reported consolidated financial results, and provided an update on the Çöpler Incident.
Key Takeaways
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.
Çöpler Incident: Operations remain suspended following the February 13, 2024 incident.
Financial Results: Attributable net loss was $287.1 million, or $1.42 per diluted share; adjusted attributable net income was $22.5 million, or $0.11 per diluted share.
Cash Position: Ended the quarter with $467.0 million in cash and cash equivalents.
Marigold, Seabee and Puna combined production was 80,046 gold equivalent ounces, in line with expectations.
Forward Guidance
SSR Mining expects Marigold, Seabee and Puna will produce a consolidated total of 340,000 to 380,000 gold equivalent ounces in 2024.
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