Business
SSR Mining Reports Second Quarter 2023 Results
Second Quarter 2023 Highlights (1) Attributable and Adjusted Attributable Diluted Earnings Per Share of $0.35 and $0.35, Respectively Quarterly Production of
About this update from Ssr Mining Inc.
[{"type":"text","content":"\nSecond Quarter 2023 Highlights (1)\n\n\n\nAttributable and Adjusted Attributable Diluted Earnings Per Share of $0.35 and $0.35, Respectively\n\n\n\nQuarterly Production of 156,625 Gold Equivalent Ounces at Cost of Sales of $1,155 and AISC of $1,633 Per Ounce\n\n\n\nYear-to-date Production of 303,518 Gold Equivalent Ounces at Cost of Sales of $1,224 and AISC of $1,663 Per Ounce\n\n\n\nQuarterly Operating Cash Flow and Free Cash Flow of $80.3 Million and $22.4 Million, Respectively\n\n\n\nQuarterly Operating Cash Flow and Free Cash Flow Before Working Capital Adjustments of $104.3 Million and $46.3 Million, Respectively\n\n\n\nRepurchased 2.7 Million Shares for $40.1 Million in the Second Quarter; Year-to-date 2023 Capital Returns Now Total Approximately $74 Million and on Track for a Minimum Full-year Capital Returns Yield of 3.4%\n\n\n\nAnnounced New Normal Course Issuer Bid (“NCIB”) Enabling the Company to Repurchase up to 10,200,000 Shares Through June 19, 2024\n\n\n\nCommenced Waste Stripping at the Çakmaktepe Extension Project; First Production on Track Within 2023\n\n\n\nAcquired an up to 40% Ownership Interest and Operatorship in the World-class Hod Maden Gold-copper Project, Targeting a Construction Decision in 2024 and First Production in 2027\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 second quarter ended June 30, 2023. In addition, the Board of Directors declared a quarterly cash dividend of $0.07 per common share payable on September 11, 2023 to holders of record at the close of business on August 14, 2023. This dividend qualifies as an 'eligible dividend' for Canadian tax purposes.\n\n\nRod Antal, Executive Chairman of SSR Mining, said, “As we close the first half of 2023, our consolidated operating and financial results have generally been well aligned to our initial expectations with output from Çöpler, Marigold and Puna partially offsetting the slower start to the year at Seabee. In the second half of the year, we expect all four of our operations to deliver improved consolidated production of approximately four hundred thousand gold equivalent ounces at reduced costs, resulting in strong free cash flow generation. While we are tracking...