Friday, September 12, 2025

Latest

SSR Mining Guides To Between 680,000 And 760,000 Gold Equivalent Ounces Of Production For 2020

SSR Mining (TSX: SSRM) (NASDAQ: SSRM) this morning updated the market with its full year 2020 outlook following the completion of its merger with Alacer Gold Corp. The company revealed this morning that it currently anticipates full year production of between 680,000 and 760,000 gold equivalent ounces on a consolidated basis, with all in sustaining costs between $965 to $1,040 per ounce.

The company broke its full year estimates down into a per project basis, identifying production and costing estimates for its four major projects. The projects include Copler, Marigold and Seabee gold operations, along with the Puna silver operation. Production estimates and all in sustaining cost estimates are as follows.

  • Copler: Estimated gold production between 310,000 to 360,000 ounces at an average AISC of $710 to $760 per ounce. Growth capital requirements are estimated at $53 million.
  • Marigold: Estimated gold production between 225,000 to 240,000 ounces at an average AISC of $1,170 to $1,230 per ounce. Growth capital requirements are estimated at $12 million.
  • Seabee: Estimated gold production between 80,000 to 90,000 ounces at an average AISC of $770 to $820 per ounce. Growth capital requirements are estimated at $12 million.
  • Puna: Estimated silver production between 4.9 million to $5.3 million ounces, or gold equivalent ounces of between 66,000 to 72,000 ounces at an average AISC of $15 to $17 per silver ounce. Growth capital requirements are estimated at $6 million.

The company currently has a combined cash balance of $703 million, while deb sits at $475 million following the merger transaction. Production is stated to be weighted 55% to 60% to the fourth quarter of the year following production ramp-up after the impacts of COVID-19 on operations at Seabee and Puna. As a result, free cash flow generation is expected to be weighted towards the fourth quarter of the year.

SSR Mining last traded at $29.49 on the TSX.


Information for this briefing was found via Sedar and SSR Mining. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Czech Central Bank Continues Aggressive Gold Buying Spree, Reaches Record Highs

The Czech National Bank has extended its gold buying streak to 29 consecutive months, with...

Monday, August 11, 2025, 02:12:00 PM

Russia’s Share of Gold Exceeds US Dollar Holdings for First Time Ever

With tensions between the US and Russia escalating over the past several years, the latter...

Wednesday, January 13, 2021, 10:45:00 AM

Amex Exploration Hits 1.51 G/T Gold Over 81.50 Metres At Perron

Amex Exploration (TSXV: AMX) this morning released assay results from several drill holes from its...

Thursday, December 17, 2020, 08:13:39 AM

Gold Continues Descent Following Powell’s Hawkish Stance

Gold prices continued their downward slide on Thursday, after plummeting by the most in over...

Friday, January 28, 2022, 03:40:00 PM

AUX Resources: Great Early Assay Results – The Daily Dive feat Ian Slater

Starting off the trading week for the Daily Dive is Ian Slater, CEO of AUX...

Monday, March 8, 2021, 01:30:00 PM