SSR Mining(SSRM)
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SSR Mining(SSRM) - 2021 Q4 - Earnings Call Transcript
2022-02-24 10:52
Financial Data and Key Metrics Changes - In 2021, the company achieved record full-year production of nearly 800,000 ounces, with all-in sustaining costs of $955 per ounce, outperforming previous guidance [7][15] - Free cash flow generation for 2021 was $444 million, translating to a 12% yield, with nearly $200 million returned to shareholders, representing about a 5% yield [7][8][31] - For Q4 2021, the company reported adjusted EPS of $0.46, with attributable net income of $127 million [30][31] Business Line Data and Key Metrics Changes - The company reported a 14% increase in reserves year-over-year, totaling over 10 million ounces, with a weighted average mine life exceeding 17 years [9][22] - Q4 production was over 210,000 ounces at all-in sustaining costs of $961 per ounce, contributing to a total of $408 million in revenue for the quarter [15][30] - The Copler project is expected to add significant production, with initial assessments indicating 1 million ounces from the C2 project for a capital investment of $220 million [11][24] Market Data and Key Metrics Changes - The company maintained a net cash position of $681 million at the end of 2021, providing flexibility for future growth and capital returns [15][38] - The transition to U.S. GAAP reporting has been completed, with the company now classified as a large accelerated filer under the SEC [33][41] Company Strategy and Development Direction - The company is focused on organic growth opportunities, with plans to increase exploration spending by 45% year-over-year [20][41] - The strategy includes maintaining a stable production base while returning capital to shareholders through increased dividends and share buybacks [19][40] - The company aims to achieve net zero greenhouse gas emissions by 2050, integrating ESG priorities into project development [14][57] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining a production profile of over 700,000 ounces annually for the next decade, supported by robust exploration and growth opportunities [27][59] - The company anticipates continued strong free cash flow generation and capital returns in 2022, with a focus on disciplined financial and operational execution [41][59] Other Important Information - The company reported a tragic incident involving a team member in Argentina, emphasizing its commitment to safety and community support [13][14] - The technical reports released provide a baseline production platform and highlight significant growth potential across all operations [27][57] Q&A Session Summary Question: Can you provide more information on the permitting process for Ardich and the timing for the C2 project? - Management indicated that permitting for Ardich is in process, with expectations to start work in Q4 2022, and the feasibility study for C2 is expected to begin shortly after April [63][64] Question: What are the plans for share buybacks and potential asset sales? - The company has about 1.2 million shares remaining under its buyback plan and is evaluating further asset sales as part of its ongoing portfolio review [65][66] Question: How much additional sulfide and oxide material is included in the technical report for Copler? - All material above the cut-off grade for feeding to the plants is included, with the majority of value derived from gold [70] Question: What is the expected impact of inflation on CapEx estimates? - The CapEx estimates are considered solid, with local sourcing in Turkey helping to mitigate inflation impacts [73] Question: What are the growth opportunities at Marigold? - The focus is on drilling around existing pits and extending the Valmy application to include new Millennium, with significant exploration funding planned [78][79]
SSR Mining(SSRM) - 2021 Q4 - Annual Report
2022-02-23 00:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number: 001-35455 SSR MINING INC. (Exact name of registrant as specified in its charter) British Columbia (State or Other Ju ...
SSR Mining(SSRM) - 2021 Q3 - Earnings Call Presentation
2021-11-04 16:11
A FREE CASH FLOW FOCUSED GOLD PRODUCER Q3 2021 Conference Call November 2021 Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be contained in this do ...
SSR Mining(SSRM) - 2021 Q3 - Earnings Call Transcript
2021-11-04 03:34
SSR Mining, Inc. (NASDAQ:SSRM) Q3 2021 Earnings Conference Call November 3, 2021 5:00 PM ET Corporate Participants Alex Hunchak - Investor Relations Rodney Antal - President and Chief Executive Officer Alison White - Chief Financial Officer Stewart Beckman - Chief Operating Officer Conference Call Participants Tyler Langton - JPMorgan Cosmos Chiu - CIBC Ovais Habib - Scotiabank Michael Siperco - RBC Capital Markets Mike Jalonen - Bank of America Operator Hello everyone. And welcome to the SSR Mining's Third ...
SSR Mining(SSRM) - 2021 Q2 - Earnings Call Transcript
2021-08-05 04:09
SSR Mining, Inc. (NASDAQ:SSRM) Q2 2021 Earnings Conference Call August 4, 2021 5:00 PM ET Company Participants Alex Hunchak - IR Rodney Antal - President, CEO & Director Alison White - EVP & CFO Stewart Beckman - EVP & COO Conference Call Participants Tyler Langton - JPMorgan. Cosmos Chiu - CIBC Ovais Habib - Scotiabank Michael Parkin - National Bank Financial Operator Good day, everyone, and welcome to the SSR Mining's Second Quarter 2021 Earnings Conference Call. [Operator Instructions]. At this time, and ...
SSR Mining(SSRM) - 2021 Q2 - Earnings Call Presentation
2021-08-04 15:54
A FREE CASH FLOW FOCUSED GOLD PRODUCER Q2 2021 Conference Call August 2021 Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be contained in this docu ...
SSR Mining(SSRM) - 2021 Q1 - Earnings Call Transcript
2021-05-07 03:02
SSR Mining Inc. (NASDAQ:SSRM) Q1 2021 Earnings Conference Call May 6, 2021 5:00 PM ET Company Participants Wes Sconce - SSR Mining Inc. Rodney Antal - President and Chief Executive Officer Alison White - Executive Vice President and Chief Financial Officer Stewart Beckman - Executive Vice President and Chief Operating Officer Conference Call Participants Tyler Langton - JPMorgan Chase & Co. Cosmos Chiu - CIBC Capital Markets Michael Parkin - National Bank Financial, Inc. Operator Good day, everyone, and wel ...
SSR Mining(SSRM) - 2021 Q1 - Earnings Call Presentation
2021-05-06 15:26
A FREE CASH FLOW FOCUSED GOLD PRODUCER Q1 2021 CONFERENCE CALL May 2021 Cautionary Note Regarding Forward-Looking Statements results and in some cases, can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. subject to various risks and uncertainties which could cause actual results and experience to ...
SSR Mining(SSRM) - 2020 Q4 - Earnings Call Transcript
2021-02-18 04:27
SSR Mining, Inc. (NASDAQ:SSRM) Q4 2020 Earnings Conference Call February 17, 2021 5:00 PM ET Company Participants Brian Martin - Investor Relations Rod Antal - President and CEO Greg Martin - CFO Stew Beckman - Chief Operating Officer Conference Call Participants Ovais Habib - Scotiabank Cosmos Chiu - CIBC Tyler Langton - JP Morgan Ryan Thompson - BMO Operator Good day, everyone and welcome to SSR MiningÂ's Fourth Quarter and Year End 2020 Conference Call. This call is being recorded. At this time for openi ...
SSR Mining(SSRM) - 2020 Q4 - Earnings Call Presentation
2021-02-18 02:36
Q4 2020 CONFERENCE CALL February 17, 2021 Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to us, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be contained in this document and our other public filings. Forward ...