Business
SSR Mining Reports Third Quarter 2021 Results
ADJUSTED ATTRIBUTABLE EPS OF $0.40 PER SHARE AND FREE CASH FLOW OF $129 MILLION AISC GUIDANCE LOWERED AS OPERATIONAL OUTPERFORMANCE CONTINUES DENVER, Nov. 3,
About this update from Ssr Mining Inc.
[{"type":"text","content":" ADJUSTED ATTRIBUTABLE EPS OF $0.40 PER SHARE AND FREE CASH FLOW OF $129 MILLION\nAISC GUIDANCE LOWERED AS OPERATIONAL OUTPERFORMANCE CONTINUES\n DENVER, Nov. 3, 2021 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX:SSR) (\"SSR Mining\" or \"the Company\") reports consolidated financial results for the third quarter ended September 30, 2021. In addition, the Board of Directors declared a quarterly cash dividend of US$0.05 per common share, payable on December 13, 2021 to holders of record at the close of business on November 15, 2021. This dividend qualifies as an 'eligible dividend' for Canadian tax purposes.\nRod Antal, President and CEO said, \"The third quarter of 2021 again demonstrated the strong operational and financial results synonymous with SSR Mining, as the Company delivered production of 186,941 gold equivalent ounces at AISC of $1,006 per gold equivalent ounce. Year-to-date production of 583,316 gold equivalent ounces compares favorably to full-year guidance, while, despite inflationary pressures across the globe, year-to-date AISC of $990 per gold equivalent ounce remains well below our original full-year guidance range of $1,050 to $1,110 per gold equivalent ounce. This strong cost performance has allowed us to lower our 2021 AISC guidance to $1,000 to $1,040 per gold equivalent ounce. \nOperationally, we delivered records across the portfolio in the third quarter, and subsequent to the quarter the updated Çöpler EIA, which includes the flotation circuit, was approved. Our balance sheet remains a key strength, and we are well positioned to fund the multitude of low capital, high return organic growth opportunities across SSR Mining's portfolio. We demonstrated the significant near-mine growth potential of both the Ardich and Seabee properties with positive exploration updates in the third quarter, and look forward to additional exploration updates from Marigold, Copper Hill, and Amisk by year-end.\nSSR Mining's continued delivery of exceptional cost performance translated to $129 million of free cash flow in the third quarter. Year-to-date free cash flow of $306 million further reinforces our outstanding free cash flow yield, and continues to support our robust capital returns program as we have now delivered nearly $150 million dollars in share repurchases through the Normal Course Issuer Bid anno...