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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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