SSR Mining(SSRM)

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SSR Mining(SSRM) - 2022 Q1 - Earnings Call Transcript
2022-05-04 06:20
SSR Mining, Inc. (NASDAQ:SSRM) Q1 2022 Earnings Conference Call May 3, 2022 4:30 PM ET Company Participants Alex Hunchak - Director, Corporate Development & IR Rodney Antal - President, CEO & Director Alison White - EVP & CFO Stewart Beckman - EVP & COO Conference Call Participants Cosmos Chiu - CIBC Capital Markets Ovais Habib - Scotiabank Michael Parkin - National Bank Financial Steven Green - TD Securities Levi Spry - UBS Operator Hello, everyone, and welcome to SSR Mining's First Quarter 2022 Conference ...
SSR Mining(SSRM) - 2022 Q1 - Quarterly Report
2022-05-03 00:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 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 Oth ...
SSR Mining(SSRM) - 2021 Q4 - Earnings Call Presentation
2022-02-25 14:23
A FREE CASH FLOW FOCUSED GOLD PRODUCER Q4 & 2021 Financial Results February 2022 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 applicable securities laws. Forward-looking information may be contained in t ...
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 ...