SSR Mining Delivers Strong Fourth Quarter Production and Achieves 2023 Consolidated Production Guidance
News Release
January 16, 2024
| SSR MINING DELIVERS STRONG FOURTH QUARTER PRODUCTION AND | |
| ACHIEVES 2023 CONSOLIDATED PRODUCTION GUIDANCE |
- FOURTH QUARTER PRODUCTION OF APPROXIMATELY 211,100 GOLD EQUIVALENT OUNCES, THIRD HIGHEST
QUARTERLY PRODUCTION TOTAL IN COMPANY HISTORY
- FULL-YEAR PRODUCTION OF APPROXIMATELY 706,900 GOLD EQUIVALENT OUNCES MEETS GUIDANCE EXPECTATIONS
- RECORD FULL-YEAR PRODUCTION IN 2023 FROM BOTH MARIGOLD AND PUNA
- LONG-TERM PRODUCTION GUIDANCE TO BE ANNOUNCED FEBRUARY 13, 2024
- FULL-YEAR 2023 FINANCIAL RESULTS TO BE ANNOUNCED FEBRUARY 21, 2024
DENVER - SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") is pleased to report fourth quarter 2023 consolidated production of approximately 211,100 gold equivalent ounces, delivering full-year 2023 consolidated production of approximately 706,900 gold equivalent ounces and meeting the Company’s 2023 production guidance. With these results SSR Mining continues to extend its operational track record, delivering on production guidance targets in 11 of the last 12 years.
Three Months Ended Twelve Months Ended December 31, December 31,
| Preliminary Operating Data | 2023 | 2022 | 2023 | 2022 |
| Çöpler (1) |
Gold produced (oz) 57,126 65,603 220,999 191,366 Gold sold (oz) 59,694 59,949 225,599 192,811
Marigold
Gold produced (oz) 82,794 62,875 278,488 194,668 Gold sold (oz) 81,173 62,936 275,962 195,617
Seabee
Gold produced (oz) 38,758 24,709 90,777 136,125 Gold sold (oz) 32,050 23,500 83,610 133,500
Puna
| Silver produced ('000 oz) | 2,759 | 2,389 | 9,688 | 8,397 |
| Silver sold ('000 oz) | 2,830 | 2,098 | 9,920 | 7,864 |
| GEOs sold (oz) | 206,194 | 172,308 | 704,594 | 617,135 |
| Consolidated (2) | |
| GEOs produced (oz) 211,118 182,655 706,896 623,819 |
(1) Figures are reported on a 100% basis. Çöpler is 80% owned by SSR Mining.
(2) Gold equivalent ounces (GEOs) are calculated by multiplying the silver ounces by the ratio of the silver price to the gold price, using the average London Bullion Market Association (“LBMA”) prices for the period. The Company does not include by-products in the gold equivalent ounce calculations.
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Gold Equivalent Production by Quarter in 2023
211k GEOs 192k GEOs
157k GEOs 147k GEOs
Q1/23A Q2/23A Q3/23A Q4/23A
Çöpler Marigold Seabee Puna
In addition, SSR Mining announces February 13, 2024, as the release date for its 2024 and long-term production guidance, accompanied by updated life of mine plans and Mineral Reserves and Mineral Resources for the Company’s key operating properties. Following this announcement, SSR Mining’s senior leadership team will host a conference call to provide an overview of current operations as well as the Company’s outlook and long-term growth strategy. Investors, media and the public are invited to listen to the conference call and accompanying webcast.
- News release containing long term production guidance and updated Mineral Reserves and Mineral Resources: Tuesday, February 13, 2024, before markets open.
- Conference call and webcast: Tuesday, February 13, 2024, at 9:00 am EST.
Toll-free in U.S. and Canada: +1 (800) 319-4610 All other callers: +1 (604) 638-5340 Webcast: http://ir.ssrmining.com/investors/events
- The conference call will be archived and available on our website. Audio replay will be available for two weeks by calling:
Toll-free in U.S. and Canada: +1 (855) 669-9658, replay code 0631 All other callers: +1 (412) 317-0088, replay code 0631 The Company also announces the date for its fourth quarter and full year 2023 consolidated financial results news release and conference call. Investors, media and the public are invited to listen to the conference call and accompanying webcast.
- News release containing fourth quarter and full-year 2023 consolidated financial results: Wednesday, February 21, 2024, after markets close.
- Conference call and webcast: Wednesday, February 21, 2024, at 5:00 pm EST.
Toll-free in U.S. and Canada: +1 (800) 319-4610 All other callers: +1 (604) 638-5340 Webcast: http://ir.ssrmining.com/investors/events
- The conference call will be archived and available on our website. Audio replay will be available for two weeks by calling:
Toll-free in U.S. and Canada: +1 (855) 669-9658, replay code 0570 All other callers: +1 (412) 317-0088, replay code 0570
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About SSR Mining
SSR Mining Inc. is a leading, free cash flow focused gold company with four producing operations located in the USA, Türkiye, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets. Over the last three years, the four operating assets combined have produced on average more than 700,000 gold-equivalent ounces annually. SSR Mining is listed under the ticker symbol SSRM on the NASDAQ and the TSX, and SSR on the ASX.
SSR Mining Contacts:
F. Edward Farid, Executive Vice President, Chief Corporate Development Officer Alex Hunchak, Vice President, Investor Relations
SSR Mining Inc.
E-Mail: [email protected] Phone: +1 (888) 338-0046
To receive SSR Mining’s news releases by e-mail, please register using the SSR Mining website at www.ssrmining.com.
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