SSR Mining (SSRM) Tops Q4 EPS by 24c ; Provides Outlook

SSR Mining (NASDAQ: SSRM) reported Q4 EPS of $0.59, $0.24 better than the analyst estimate of $0.35. Revenue for the quarter came in at $425.89 million versus the consensus estimate of $415.32 million.

Full-Year 2024 Outlook (Excluding Çöpler and Hod Maden)

Operating Guidance (2)

Marigold Seabee Puna Corporate

Silver Production

Moz — — 8.75 – 9.50 —

Cost of Sales per Ounce (3)

$/oz 1,300 – 1,340 990 – 1,030 16.50 – 18.00 —

Sustaining Capital Expenditures (5)

$M 37 40 17 —

General & Administrative

$M — — — 60 – 65

Growth Capital

$M 1 2 — —

Total Growth Expenditures

$M 11 17 10 4

(2) Figures may not add due to rounding.

(3) Excludes depreciation, depletion, and amortization.

(4) SSR Mining reports the non-GAAP financial measures of cash costs and AISC per payable ounce of gold and silver sold to manage and evaluate operating performance at Çöpler, Marigold, Seabee and Puna. See “Cautionary Note Regarding Non-GAAP Measures” at the end of this press release for an explanation of these financial measures and a reconciliation of these financial measures to cost of sales, previously referred to as production costs, which is the most comparable GAAP financial measures. AISC includes reclamation cost accretion and amortization and certain lease payments.
(5) Includes sustaining exploration and evaluation expenditures. Includes approximately $1 million of expensed sustaining exploration at Marigold and $24 million in underground mine development at Seabee.

(6) All growth exploration and resource development spend is expensed. Growth exploration includes project studies and evaluation.

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

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