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Jun 30, 2024
SSR Mining Q2 2024 Earnings Report
SSR Mining's financial performance reflected a challenging quarter due to the Çöpler incident, impacting production and costs, while Marigold, Seabee, and Puna operations remained on track.
Key Takeaways
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.
Net income attributable to SSR Mining was $9.7 million, or $0.05 per diluted share.
Adjusted attributable net income was $7.5 million, or $0.04 per diluted share.
Cash and cash equivalents totaled $358.3 million with total liquidity of $858.4 million.
Çöpler operations remained suspended following the February 13, 2024 incident, with $55 million spent on remediation during the quarter.
Revenue by Geographic Location
Forward Guidance
SSR Mining provided full-year 2024 production guidance of 340,000 to 380,000 gold equivalent ounces for Marigold, Seabee and Puna remains unchanged.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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