Business
SSR Mining Achieves Revised 2022 Production Guidance and Updates Three-Year Outlook
FULL-YEAR PRODUCTION OF 624,000 GOLD EQUIVALENT OUNCES AT COST OF SALES (1) OF $985 AND AISC OF $1,339 PER OUNCE MEETS REVISED 2022 GUIDANCE (2) PRODUCTION
About this update from Ssr Mining Inc.
[{"type":"text","content":"\n\nFULL-YEAR PRODUCTION OF 624,000 GOLD EQUIVALENT OUNCES AT COST OF SALES (1) OF $985 AND AISC OF $1,339 PER OUNCE MEETS REVISED 2022 GUIDANCE (2)\n\n\n\nPRODUCTION GUIDANCE FOR 2023 OF 700,000 TO 780,000 GOLD EQUIVALENT OUNCES AT COST OF SALES OF $1,055 TO $1,115 AND AISC OF $1,365 TO $1,425 PER OUNCE\n\n\n\nUPDATED ROLLING THREE-YEAR OUTLOOK CONTINUES TO CONFIRM 700,000 GOLD EQUIVALENT OUNCE PLATFORM\n\n\n DENVER--(BUSINESS WIRE)--\nSSR Mining Inc. (NASDAQ/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) announces full year 2022 production and cost of sales as well as the Company’s outlook for 2023 to 2025. In 2022, SSR Mining’s four operating assets produced 623,819 gold equivalent ounces, delivering solid fourth quarter performance of 182,655 gold equivalent ounces and meeting the Company’s revised guidance targets. Full year 2022 cost of sales of $985 per gold equivalent ounce and all-in sustaining costs (“AISC”) of $1,339 per gold equivalent ounce were also in line with guidance.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230209005581/en/SSR Mining Production History and Outlook: Forecasts from 2023 to 2025 based on mid-point of three-year outlook. (Graphic: Business Wire)\nThe Company expects to deliver a strong and stable production base in 2023 with total production of 700,000 to 780,000 gold equivalent ounces at consolidated cost of sales of $1,055 to $1,115 per gold equivalent ounce and AISC of $1,365 to $1,425 per gold equivalent ounce. In the updated three-year outlook, SSR Mining expects to maintain an average production base of approximately 700,000 gold equivalent ounces per year through 2025.\n\nReflecting the growth opportunities within the portfolio, as evidenced by the positive exploration results announced at Çakmaktepe Extension, Marigold, and Seabee over the last six months, the Company will increase its 2023 exploration and resource development budget by approximately 50% over 2022. The increased budget is expected to target the acceleration of Mineral Resource conversion and mine life extension activities across the portfolio, helping position SSR Mining to deliver a long-term production profile above 700,000 gold equivalent ounces without significant capital investment requirements through the end of the decade.\n\nRod Antal, Presi...