SSR Mining (SSRM) Tops Q1 EPS by 5c

SSR Mining (NASDAQ: SSRM) reported Q1 EPS of $0.05, $0.05 better than the analyst estimate of $0.00.

First Quarter 2018 Highlights:(All figures are in U.S. dollars unless otherwise noted)

• Solid financial performance: Produced 78,483 gold equivalent ounces at cash costs of $766 per payable ounce, generating operating cash flow of $11.0 million and adjusted attributable net income of $5.7 million or $0.05 per share.
• Record quarterly throughput at the Seabee Gold Operation: Continued to successfully ramp up mill throughput, operating at an average of 1,036 tonnes per day during the quarter.
• Low-cost production at the Seabee Gold Operation: Produced 23,717 ounces of gold at cash costs of $481 per payable ounce of gold sold, a record low cash cost since acquiring the operation in 2016.
• Production in line with guidance at the Marigold mine: Produced 42,960 ounces of gold at cash costs of $720 per payable ounce of gold sold, and a near-record 7.1 million tonnes of ore stacked.
• Solid quarterly performance at Puna Operations: Produced 0.9 million ounces of silver at cash costs of $17.07 per payable ounce of silver sold, as lower grade stockpiles are processed.
• Chinchillas project remains on track: Capital expenditures totaled $12 million as the project remains on track for ore delivery in the second half of 2018.
• Increased cash position: Quarter-end cash increased to $472.9 million, up $13.0 million from the previous quarter.

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

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