Business
SSR Mining Reports First Quarter 2023 Results
First Quarter 2023 Highlights (1) Attributable & Adjusted Attributable Diluted Earnings Per Share of $0.14 and $0.10, Respectively Q1 Production of 147
About this update from Ssr Mining Inc.
[{"type":"text","content":"\nFirst Quarter 2023 Highlights (1)\n\n\n\nAttributable & Adjusted Attributable Diluted Earnings Per Share of $0.14 and $0.10, Respectively\n\n\n\nQ1 Production of 147 Thousand Gold Equivalent Ounces at Cost of Sales of $1,289 and AISC of $1,693 Per Ounce\n\n\n\nYear-to-Date Production and Cost Metrics on Track for Full-Year Consolidated Guidance Targets\n\n\n\nReleased Rolling Three-Year Outlook Confirming 700 Thousand Gold Equivalent Ounce Platform\n\n\n\nCommenced Initial Stripping Activities at Çakmaktepe Extension Project, First Gold Production on Track in 2023\n\n\n\nExecution of Capital Returns Program Continued With $47 Million Returned to Shareholders in 2023\n\n\n\nPositive Exploration Results From Puna Highlighted Opportunities for Mineral Reserve Growth\n\n\n\nPublished Fifth Annual ESG and Sustainability Report\n\n\n\n DENVER--(BUSINESS WIRE)--\nSSR 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.\n\n\nRod 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.\n\n\nDuring 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...