SSR Mining(US:SSRM)2022-11-09 03:33Financial Performance & Capital Returns - The company returned $336 million, representing 12% of its market capitalization, to shareholders since Q2 2021 [8] - Capital returned to shareholders represents over 90% of free cash flow since the start of 2021 [8] - In Q1 2022, the company increased its dividend by 40% [8, 23] - Approximately $100 million in shares were repurchased YTD 2022 under the NCIB program [9, 25] - The company's total cash position is $784 million, with a net cash position of $465 million as of September 30, 2022 [8, 25] Production & Operations - Q3 2022 consolidated production was 107 koz AuEq, with production costs of $1,099/oz and AISC of $1,901/oz AuEq [25] - YTD consolidated production reached 441 koz AuEq, with production costs of $955/oz and AISC of $1,331/oz AuEq [25] - Full-year 2022 production guidance is revised to 620 to 655 koz AuEq [25] - Puna's Q3 throughput averaged nearly 4,800 tpd [52] Growth & Projects - 2021 Mineral Reserves increased by 1.1 Moz Au, a 14% increase Y/Y [8] - Ardich is on track for first production in 2023, targeting 1.2+ Moz production with $69 million of capex [8] - C2 first production is targeted for 2025, with 1.0+ Moz production, $218 million capex, and ~60% IRR [8]