SSR Mining Inc. (TSX: SSRM) reported today its financial results for the first quarter of 2021, highlighting 196,095 ounces of gold equivalent production. The company also recorded US$366.5 million in revenue for the quarter.
The US$366.5 million in revenue for the quarter is a notable increase from the prior year that saw US$164.5 million in revenue. The company’s net income also increased to US$59.8 million from last year’s Q1 net income of US$24.0 million, while the company generated $77 million in free cash flow. Q1 2021’s net income translates to $0.24 income per share.
The company reported that its Q1 2021 production of 196,094 gold equivalent ounces at an AISC of $1,004 per gold equivalent ounce is on track to meet its full-year guidance. This quarter’s production is an 82.7% increase from Q1 2020’s 107,331 gold equivalent ounces produced.
The company ended the quarter with US$866.0 million in cash and cash equivalents, up from last quarter’s $860.6 million.
SSR Mining board also declared a quarterly cash dividend of US$0.05 per share, payable on June 14, 2021 to shareholders on record as of May 17, 2021.
You may see the full details of SSR Mining’s Q1 2021 financial results here.
SSR Mining Inc. last traded at $19.71 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.