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SSR Mining Delivers Strong Fourth Quarter Production and Achieves 2023 Consolidated Production Guidance

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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 MARIGOLD AND PUNA
  • LONG-TERM PRODUCTION GUIDANCE TO BE ANNOUNCED FEBRUARY 13, 2024
  • FULL-YEAR 2023 FINANCIAL RESULTS TO BE ANNOUNCED FEBRUARY 21, 2024

 

SSR Mining Inc. (NASDAQ:SSRM) (TSX: SSRM) (ASX: SSR) 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
Consolidated (2)                
GEOs produced (oz)   211,118   182,655   706,896   623,819
GEOs sold (oz)   206,194   172,308   704,594   617,135
                 
(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.
 
 

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.

 

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.

 

Gold Equivalent Production by Quarter in 2023

 

 

Posted January 16, 2024

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