The earnings call presents a mixed sentiment with significant progress made in the remediation of Çöpler and operational success at Puna. However, the high costs associated with the Çöpler incident, operational disruptions at Seabee, and negative cash flow indicate challenges.
Company Guidance
During the SSR Mining Q3 2024 earnings call, guidance was provided on several key metrics and operational updates. The company's third-quarter production was reported at 97,000 gold equivalent ounces with all-in sustaining costs (AISC) of $2,065 per ounce, and year-to-date production totaling 249,000 gold equivalent ounces. Financial results showed an attributable net income of $0.05 per share, while adjusted net income per share stood at $0.03. The cash generated by operating activities was negative $1 million, with free cash flow at negative $34 million. SSR Mining concluded the quarter with $334 million in total cash, a net cash position of $104 million, and total liquidity of $834 million. The company remains financially robust and anticipates improved production and free cash flow in the fourth quarter, despite ongoing remediation work at Çöpler, which is projected to cost between $250 million to $300 million and take 24 to 36 months.
Progress on Çöpler Remediation
Good progress has been made on the remediation at Çöpler with over 16 million tonnes of displaced material moved into temporary storage. No contamination to local soil, water, or air has been reported.
Puna Operations Success
Puna produced 2.9 million ounces of silver in the third quarter, reflecting two consecutive quarters of record throughput for the Pirquitas processing facility. Full-year production is expected to increase by more than 1 million ounces.
Strong Financial Liquidity
The company ended the quarter with $334 million in total cash, a net cash position of $104 million, and total liquidity of $834 million.
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SSR Mining (SSRM) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SSRM Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2024
$6.14
$5.28
-14.01%
Jul 31, 2024
$5.57
$4.90
-12.03%
May 08, 2024
$5.33
$5.41
+1.50%
Feb 27, 2024
$4.66
$4.29
-7.94%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ssr Mining (SSRM) report earnings?
Ssr Mining (SSRM) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Ssr Mining (SSRM) earnings time?
Ssr Mining (SSRM) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.