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Dec 31, 2023
SSR Mining Q4 2023 Earnings Report
Reported consolidated financial results.
Key Takeaways
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.
Çöpler Incident: Operations were suspended at Çöpler as a result of a significant slip on the heap leach pad.
Financial results: Attributable net loss in the fourth quarter of 2023 was $217.8 million, or $1.07 per diluted share.
Operating cash flow was $203.2 million, or $218.4 million before working capital adjustments, and free cash flow was $144.4 million, or $159.6 million before changes in working capital.
Year-end cash and liquidity position: As of December 31, 2023, SSR Mining had a cash and cash equivalent balance of $492.4 million and a non-GAAP net cash position of $261.6 million.
Forward Guidance
As a result of the Çöpler Incident, the Company is retracting all previously issued operating and cost guidance for Çöpler and its operations and projects in Türkiye. SSR Mining will revisit the forward-looking guidance at an appropriate future date.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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