In This Article:
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Free Cash Flow: Nearly $40 million generated in Q1 2025.
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Gold Equivalent Production: 104,000 ounces produced in Q1 2025.
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All-In Sustaining Costs (AISC): $1,972 per ounce, or $1,749 per ounce excluding costs at AApler.
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Operating Cash Flow: $85 million in Q1 2025.
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Cash on Hand: $320 million at the end of Q1 2025.
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Net Income: Attributable net income of $0.28 per diluted share in Q1 2025.
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Adjusted Net Income: $0.29 per diluted share in Q1 2025.
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Care and Maintenance Costs: Approximately $36 million at AApler in Q1 2025.
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Total Liquidity: Over $800 million maintained.
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Marigold Production: 39,000 ounces in Q1 2025 at an AISC of $1,765 per ounce.
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CC&V Production: 39,300 ounces of gold in Q1 2025.
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Seabee Production: 26,000 ounces at an AISC of $1,374 per ounce in Q1 2025.
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Puna Silver Production: 2.5 million ounces at an AISC of $13.16 per ounce in Q1 2025.
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Hod Maden Investment: Approximately $12 million spent on site development and engineering in Q1 2025.
Release Date: May 06, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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SSR Mining Inc (NASDAQ:SSRM) reported a strong start to 2025 with nearly $40 million in free cash flow generation.
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The integration of Cripple Creek & Victor (CC&V) into SSR Mining's portfolio has been smooth, adding a core asset with significant potential.
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SSR Mining Inc (NASDAQ:SSRM) issued full-year 2025 operating guidance, indicating a year-over-year increase in production.
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The company maintains a strong liquidity position with over $800 million, supporting capital requirements across the business.
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Seabee and Puna operations reported excellent production results, contributing positively to the company's overall performance.
Negative Points
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All-in sustaining costs (AISC) were high at $1,972 per ounce, or $1,749 per ounce excluding costs at Opler.
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The restart of operations at Opler remains uncertain, with no specific timeline for receiving necessary permits.
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Hod Maden project faces inflationary pressures, with capital costs expected to increase by 10% to 15% annually.
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The technical report for Cripple Creek & Victor is not expected until Q3, leaving some uncertainty in the market.
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Care and maintenance costs at Opler amounted to approximately $36 million, impacting overall financial results.
Q & A Highlights
Q: What are the next steps for Cripple Creek & Victor following the acquisition, and when can we expect a new life of mine plan? A: William Macnevin, EVP of Operations and Sustainability, stated that they are compiling information to build a new life of mine report and a technical report, expected in Q3. Rodney Antal, CEO, emphasized the importance of reacquainting the market with the asset through this report, given the lack of recent technical publications by Newmont.