SSR MINING REPORTS FIRST QUARTER 2023 RESULTS

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Algemeen advies 05/05/2023 07:13
FIRST QUARTER 2023 HIGHLIGHTS (1)
• 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
• RELEASED ROLLING THREE-YEAR OUTLOOK CONFIRMING 700 THOUSAND GOLD EQUIVALENT OUNCE PLATFORM
• COMMENCED INITIAL STRIPPING ACTIVITIES AT ÇAKMAKTEPE EXTENSION PROJECT, FIRST GOLD PRODUCTION ON TRACK IN 2023
• EXECUTION OF CAPITAL RETURNS PROGRAM CONTINUED WITH $47 MILLION RETURNED TO SHAREHOLDERS IN 2023
• POSITIVE EXPLORATION RESULTS FROM PUNA HIGHLIGHTED OPPORTUNITIES FOR MINERAL RESERVE GROWTH
• PUBLISHED FIFTH ANNUAL ESG AND SUSTAINABILITY REPORT
DENVER – SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Company”) reports consolidated
financial results for the first quarter ended March 31, 2023. In addition, the Board of Directors declared a quarterly cash
dividend of $0.07 per common share payable on June 12, 2023 to holders of record at the close of business on May 15,
2023. This dividend qualifies as an ‘eligible dividend’ for Canadian tax purposes.
Rod Antal, President and CEO of SSR Mining, said, “Our operating results for the first quarter of 2023 were well aligned to
our expectations and have the Company on track for full-year consolidated production and cost guidance. We continue to
expect a second half weighted production and free cash flow profile with sustaining capital spending across the portfolio
progressively tapering off in the second half of the year.
During the quarter, we updated our three-year rolling guidance affirming a 700 thousand gold equivalent ounce production
platform, a level that we expect to maintain over the remainder of the decade through modest Mineral Reserve conversion
and growth within our existing portfolio. These expected production levels were supported by multiple initiatives during the
quarter, including the commencement of stripping activities at Çakmaktepe Extension as we prepare for first production later
this year and the purchase of new haul trucks at Marigold to support initial waste stripping at Red Dot. In addition, the
positive exploration update from Puna provided yet another example of the robust global exploration pipeline that we expect
will further support our long-term growth targets.
Overall, SSR Mining remains in a very strong position, supported by a robust balance sheet, significant capital returns, a
number of valuation catalysts on the horizon as we further define Çöpler’s C2 expansion project and Marigold’s New
Millennium target, and the expectation of improving production and free cash flow in the coming quarters.”

(1) The Company reports non-GAAP financial measures including adjusted attributable net income, adjusted attributable net income per share, cash generated by
operating activities before working capital adjustments, free cash flow, free cash flow before changes in working capital, net cash (debt), cash costs and AISC per
ounce sold (a common measure in the mining industry), to manage and evaluate its operating performance at its mines. See "Cautionary Note Regarding Non-GAAP
Financial Measures" for an explanation of these financial measures and a reconciliation of these financial measures to the most comparable GAAP financial
measures.

see & read more on
https://s22.q4cdn.com/546540291/files/doc_financials/2023/q1/SSR-MINING-REPORTS-FIRST-QUARTER-2023-RESULTS.pdf



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