SSR Mining Meets 2021 Production Guidance With 794,456 Gold Equivalent Ounces
SSR Mining Inc. (TSX: SSRM) reported on Monday select preliminary operational results for full-year 2021, highlighting an annual production of 794,456 gold equivalent ounces. This meets the upper end of the firm’s annual guidance of 720,000 to 800,000 gold equivalent ounces.
All-in sustaining costs for the year came in at US$982 per ounce, exceeding the guidance of US$1,000 to US$1,040 per ounce.
For Q4, the firm produced 211,140 gold equivalent ounces, up from Q3 2021’s 186,941 ounces but down from Q4 2020’s 220,432 ounces.
“While we were able to manage and offset inflationary pressures in 2021, we expect cost increases across the portfolio in 2022,” explained CEO Rod Antal. “Despite these sector-wide inflationary headwinds, we intend to increase our 2022 base dividend by 40%, and will continue with our share buyback program implemented in 2021.”
The company also provided its outlook for 2022, estimating to maintain production of 700,000 to 780,000 gold equivalent ounces. Antal also said that the firm plans to maintain this stable production profile for 2023 and 2024.
All-in sustaining costs for 2022 are estimated to be US$1,120 to US$1,180 per ounce while growth capital expected to be incurred is at US$76 million.
Earlier in January 2022, the mining firm announced the arrangement with Endeavour Silver Corp (TSX: EDR) for the sale of its Pitarrilla project in Mexico.
SSR Mining Inc. last traded at $20.93 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. 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.
