Business
SSR Mining Achieves 2020 Production Guidance and Provides Full Year 2021 Outlook of 720,000 to 800,000 Gold Equivalent Ounces at AISC of $1,050 to $1,110 Per Ounce
DENVER, Jan. 19, 2021 /PRNewswire/ - SSR Mining Inc. ("SSR Mining" or the "Company") (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) announces full year 2020 production
About this update from Ssr Mining Inc.
[{"type":"text","content":"DENVER, Jan. 19, 2021 /PRNewswire/ - SSR Mining Inc. (\"SSR Mining\" or the \"Company\") (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) announces full year 2020 production results and 2021 outlook. In 2020, the Company's four operating assets produced approximately 711,000 gold-equivalent ounces, delivering strong fourth quarter performance of approximately 220,000 gold-equivalent ounces. In 2021, the Company expects to produce, on a consolidated basis, 720,000 to 800,000 gold-equivalent ounces at consolidated all-in sustaining costs (\"AISC\") of $1,050 to $1,110 per ounce. \nRod Antal, President and CEO said, \"2020 was a transformational year for SSR Mining as we successfully completed and integrated the merger with Alacer Gold, delivered a number of value-enhancing catalysts, and navigated the challenges presented by the COVID-19 pandemic. During this period of unprecedented change, the Company delivered on its 2020 production guidance and all four operating sites exited the year with strong operational momentum and clearly defined growth initiatives. \nLooking ahead to 2021, we are focused on continuing to generate peer leading free cash flow and returning capital to our shareholders, while prudently investing-in and optimizing our assets. This year we will be advancing and executing on our organic growth portfolio aimed at increasing production, reducing costs, and extending mine lives from our near-mine, low capital intensity pipeline. Our 2021 outlook builds on our 2020 performance and will continue to demonstrate our capability to sustain 700,000 to 800,000 gold-equivalent ounces of production for the next 5+ years.\" \nFull Year 2021 Outlook\nOperating Guidance (100%) (1)\n Çöpler (2)\n Marigold\n Seabee \n Puna\n Other \n Consolidated\nGold Production\nkoz\n310 - 340\n235 - 265\n95 - 105\n—\n—\n640 - 710\nSilver Production\nMoz\n—\n—\n—\n6.0 - 7.0\n—\n6.0 - 7.0\nGold Equivalent Production\nkoz\n310 - 340\n235 - 265\n95 - 105\n80 - 90\n—\n720 - 800 \nCash Cost per Ounce (3)\n$/oz\n550 - 600\n810 - 860\n525 - 575\n10.00 - 11.50\n—\n660 - 715\nSustaining Capital \nExpenditures (4)\n$M\n52\n53\n11\n19\n—\n135\nCapitalized Stripping / Capitalized Development\n$M\n9\n47\n19\n13\n—\n88\nSustaining Exploration Expenditures \n$M\n2\n7\n1\n1\n—\n11\nGeneral & Administrative \n$M\n—\n—\n—\n—\n30 - 35\n30 - 35 \nShare Based Compensation \...