Business
SSR MINING REPORTS THIRD QUARTER 2022 RESULTS
HIGHLIGHTS (1) ATTRIBUTABLE & ADJUSTED ATTRIBUTABLE THIRD QUARTER DILUTED EPS OF $(0.12) AND $(0.07) PER SHARE, RESPECTIVELY QUARTERLY PRODUCTION OF 106,919
About this update from Ssr Mining Inc.
[{"type":"text","content":"HIGHLIGHTS (1)\nATTRIBUTABLE & ADJUSTED ATTRIBUTABLE THIRD QUARTER DILUTED EPS OF $(0.12) AND $(0.07) PER SHARE, RESPECTIVELY QUARTERLY PRODUCTION OF 106,919 GOLD EQUIVALENT OUNCES YEAR-TO-DATE PRODUCTION OF 441,164 OUNCES AT PRODUCTION COSTS OF $955 AND AISC of $1,331 PER OUNCEYEAR-TO-DATE CAPITAL RETURNS OF $144 MILLION, A 5% YIELD RESTARTED ҪӦPLER OPERATIONS IN THE THIRD QUARTER; RAMP-UP PROGRESSING SMOOTHLYTARGETING FULL YEAR PRODUCTION OF 620,000 - 655,000 GOLD EQUIVALENT OUNCES; PRODUCTION COSTS OF $960 - $990 PER OUNCE AND AISC OF $1,315 - $1,345 PER OUNCECLOSED THE SALE OF THE PITARRILLA PROJECT IN MEXICORECEIVED ENVIRONMENTAL IMPACT ASSESSMENT FOR PHASE ONE OF THE ÇAKMAKTEPE EXTENSION PROJECTSUBSEQUENT TO THE QUARTER, ANNOUNCED THE CONSOLIDATION OF THE ÇӦPLER DISTRICT WITH THE ACQUISITION OF AN INCREMENTAL 30% INTEREST IN THE KARTALTEPE JOINT VENTURE FOR $150 MILLION IN CASHDENVER, Nov. 8, 2022 /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, 2022. In addition, the Board of Directors declared a quarterly cash dividend of $0.07 per common share payable on December 19, 2022 to holders of record at the close of business on November 18, 2022. This dividend qualifies as an 'eligible dividend' for Canadian tax purposes.\nRod Antal, President and CEO said, \"Despite the headwinds we faced during the third quarter at Çöpler, our business remains in an incredibly strong position, with a robust balance sheet and a capital returns program that is expected to deliver nearly $160 million to shareholders by year-end. With these returns, 2022 will represent the second consecutive year we have delivered a capital return yield greater than 5%. Our foundation of strong free cash flow generation and low capital intensity growth remains firmly intact and will be reflected in our fourth quarter performance and beyond as our operations return to steady state.\nDuring the third quarter, a number of actions were taken to ensure a strong finish to the year at each operation. Planned maintenance was accelerated at Çöpler to maximize plant availability in the fourth quarter, we prioritized underground development at Seabee in order to access a higher grade portion of the ore body in the fourth quarter and stacke...