SSR Mining reports Q3 adjusted EPS 26c, consensus 28c

Reports Q3 revenue $385.4M, consensus $384.55M. Rod Antal, Executive Chairman of SSR Mining, said, “The third quarter of 2023 featured strong operating and financial results that were well aligned to our forecasts, including record production from Marigold and record throughput at Puna. In addition, first ore from Cakmaktepe Extension was accessed late in the quarter, and the project is on track to deliver initial production of 10,000 to 15,000 ounces in the fourth quarter of 2023 as planned. The results to date continue to put us on track for the lower-end of our production guidance in 2023.” The company delivered third quarter 2023 production of 192,195 gold equivalent ounces at Cost of sales of $1,095 per gold equivalent ounce and AISC of $1,289 per gold equivalent ounce. Year-to-date production is 495,668 gold equivalent ounces at Cost of sales of $1,173 per gold equivalent ounce and AISC of $1,516 per gold equivalent ounce. The company continues to track towards the lower-end of its production guidance in 2023.