Business
SSR Mining Reports Fourth Quarter and Full Year 2022 Results
Full Year 2022 Highlights (1) Attributable & Adjusted Attributable Diluted EPS of $0.89 and $0.67 Per Share, Respectively Production of 623,819 Gold
About this update from Ssr Mining Inc.
[{"type":"text","content":"\nFull Year 2022 Highlights (1)\n\n\nAttributable & Adjusted Attributable Diluted EPS of $0.89 and $0.67 Per Share, Respectively\n\n\n\nProduction of 623,819 Gold Equivalent Ounces at Cost of Sales(2) of $985 Per Ounce and All-in Sustaining Costs (“AISC”) of $1,339 Per Ounce\n\n\n\nFull-Year 2022 Capital Returns of $158.8 Million, an Approximately 5.0% Yield\n\n\nFourth Quarter 2022 Highlights\n\n\nAttributable & Adjusted Attributable Diluted EPS of $0.43 and $0.12 Per Share, Respectively\n\n\n\nProduction of 182,655 Gold Equivalent Ounces at Cost of Sales of $1,064 Per Ounce and AISC of $1,358 Per Ounce\n\n\n\nStrong Fourth Quarter Operating Cash Flow of $118 Million, Free Cash Flow of $97 Million\n\n\n\nClosed the Acquisition of an Additional 30% Interest in Kartaltepe Joint Venture, Expanding Ownership of the Çӧpler District\n\n\n\n\nSubsequent to Year-End, Released 2023 Guidance and Rolling Three-Year Outlook Confirming 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\") reports consolidated financial results for the fourth quarter and full year ended December 31, 2022. In addition, the Board of Directors declared a quarterly cash dividend of $0.07 per common share payable on March 30, 2023 to holders of record at the close of business on March 3, 2023. This dividend qualifies as an 'eligible dividend' for Canadian tax purposes.\n\nRod Antal, President and CEO of SSR Mining, said, “We closed 2022 with a strong balance sheet and met our revised guidance targets. We are now focused on delivering strong production and free cash flow in 2023. With the release of our 2023 and three-year guidance earlier this month, we presented our expectations for a significant year-over-year production improvement and a three-year production profile targeting 700,000 gold equivalent ounces.\n\nOur 2023 cost guidance incorporates two significant growth initiatives for the business, the ramp-up at Çöpler’s Çakmaktepe Extension where first production is expected within the year, and waste stripping activities at Marigold’s Red Dot as we aim to optimize Marigold’s longer-term production profile. These initiatives, along with our continued advancement of the C2 expansion project at Çöpler and exploration and resource development activities across the ...