Business
SSR Mining Reports First Quarter 2025 Results
DENVER--(BUSINESS WIRE)-- SSR Mining Inc. (NASDAQ/TSX: SSRM) (“SSR Mining” or the “Company”) reports consolidated financial results for the first quarter
About this update from Ssr Mining Inc.
[{"type":"text","content":" DENVER--(BUSINESS WIRE)--\nSSR Mining Inc. (NASDAQ/TSX: SSRM) (“SSR Mining” or the “Company”) reports consolidated financial results for the first quarter ended March 31, 2025.\n\n\nOperating results: First quarter 2025 production was 103,805 gold equivalent ounces at cost of sales of $1,312 per payable ounce and all-in sustaining costs (“AISC”) of $1,972 per payable ounce, or $1,749 per payable ounce exclusive of costs incurred at Çöpler in the quarter. (1) First quarter operating results include contributions from Cripple Creek & Victor (“CC&V”) for the period of February 28 to March 31, 2025, reflecting the Company’s closing of the CC&V transaction on February 28, 2025.\n\n\nFinancial results: In the first quarter of 2025, SSR Mining reported net income attributable to SSR Mining shareholders of $58.8 million, or $0.28 per diluted share and adjusted net income attributable to SSR Mining shareholders of $61.6 million, or $0.29 per diluted share. In the first quarter of 2025, SSR Mining generated $84.8 million in operating cash flow and $39.3 million in free cash flow. Operating cash flow and free cash flow before working capital adjustments totaled $105.0 and $59.4 million, respectively.\n\n\nCash and liquidity position: As of March 31, 2025, SSR Mining had a cash and cash equivalent balance of $319.6 million, reflecting the $100 million upfront cash consideration for the CC&V acquisition paid on February 28, 2025. Total liquidity as of March 31, 2025 was $819.6 million inclusive of the Company’s undrawn revolving credit facility and accompanying accordion feature.\n\n\nÇöpler update: The Company continues to work closely with the relevant authorities to advance the restart of the Çöpler mine. While SSR Mining remains confident and committed to restarting operations, at this time, the Company is not able to estimate or predict when and under what conditions operations will resume at Çöpler. In the first quarter of 2025, remediation and reclamation spend totaled $5.0 million and care and maintenance costs totaled $35.8 million, including $20.6 million in cash care and maintenance costs which are included in SSR Mining’s consolidated AISC metrics.\n\n\nDevelopment & exploration: During the first quarter of 2025, $12.2 million was spent at Hod Maden as engineering and initial site establishment efforts progressed during the quar...