SSR Mining Records Milestone Gold Production From Marigold Mine

Core Insights - SSR Mining Inc. announced that its Marigold Mine achieved gold production of five million ounces as of December 30, 2024, showcasing the mine's quality and capabilities [1] - The company signed a definitive purchase agreement with Newmont Corporation to acquire the Cripple Creek & Victor Gold Mine, which will enhance SSR Mining's portfolio and increase its average annual gold production to 300,000-400,000 ounces, making it the third-largest gold producer in the U.S. [4][5] Group 1: Marigold Mine Performance - Marigold Mine has been operational for over 35 years and was acquired by SSR Mining in 2014, producing a total of 2 million ounces of gold since then, with a peak production of 278,000 ounces in 2023 [2] - As of December 31, 2023, Marigold Mine had nearly 3 million ounces of Mineral Reserves and an expected operational life of nine years [2] - SSR Mining anticipates 10 million in growth expenditure at the Marigold Mine [2] Group 2: Acquisition and Production Outlook - The acquisition of the Cripple Creek & Victor Gold Mine is expected to add 170,000 ounces of gold to SSR Mining's annual production [5] - Newmont Corporation projects 2024 gold production of 170,000 ounces for CC&V at a cost of sales of 1,270 per ounce and an all-in sustaining cost of $1,610 per ounce, indicating strong free cash flow margins [5] Group 3: Stock Performance and Rankings - SSR Mining's stock has declined by 32.3% over the past year, compared to a 19.1% decline in the industry [6] - SSR Mining currently holds a Zacks Rank 2 (Buy), indicating a favorable outlook [8]