SSR Mining (SSRM) Tops Q4 EPS by 50c, Revenues Beat

SSR Mining (NASDAQ: SSRM) reported Q4 EPS of $0.50, $0.50 better than the analyst estimate of $0.00. Revenue for the quarter came in at $370.73 million versus the consensus estimate of $100.34 million.

Rod Antal, President and CEO said, "We exited 2020 with strong operational and financial momentum across all four of our operating assets. The fourth quarter represented the first full quarter following the completion of the Alacer merger, and the results demonstrated the strength of the business with 220,000 gold-equivalent ounces produced at $976 per ounce AISC and $157 million in free cash flow. Given our strong balance sheet we declared our first quarterly dividend in line with our recently instituted capital allocation policy. Our peer leading free cash flow will also provide us the opportunity to assess additional capital returns to shareholders in the form of supplemental dividends and/or share buy-back programs in the future.

In 2021, we remain focused on execution and delivery with the goal of demonstrating our organic ability to sustain 700,000 to 800,000 gold-equivalent ounces of production for the next 5+ years. Our large brownfield growth and exploration pipeline will take center-stage this year as we advance projects and provide clarity on their potential scale and timelines."

For earnings history and earnings-related data on SSR Mining (SSRM) click here.

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