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Sep 30, 2023
SSR Mining Q3 2023 Earnings Report
SSR Mining reported strong operating and financial results, with record production from Marigold and record throughput at Puna.
Key Takeaways
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.
Attributable and adjusted attributable diluted earnings per share of $0.07 and $0.26, respectively.
Quarterly production of 192,195 gold equivalent ounces at cost of sales of $1,095 and AISC of $1,289 per ounce.
Quarterly operating cash flow and free cash flow of $135.3 million and $87.8 million, respectively.
Accessed first ore from the Çakmaktepe Extension project during the third quarter, with first production delivered in late September.
Forward Guidance
SSR Mining is currently reviewing its forward-looking production profile ahead of 2024 and multi-year guidance that will be announced in the first quarter of 2024. A number of low capital intensity, high-return organic growth projects, including Hod Maden, the Red Dot deposit at Marigold and the grind and leach circuit for Çakmaktepe Extension, are expected to drive future production growth.
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