NASDAQ$SSRM

SSR Mining Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported consolidated financial results for the first quarter ended March 31, 2023.

SSR Mining reported first quarter 2023 production of 146,894 gold equivalent ounces at cost of sales of $1,289 per gold equivalent ounce and all-in sustaining costs (“AISC”) of $1,693 per gold equivalent ounce. Attributable net income in the first quarter of 2023 was $29.8 million, or $0.14 per diluted share, and adjusted attributable net income was $21.3 million, or $0.10 per diluted share.

  • Attributable & Adjusted Attributable Diluted Earnings Per Share of $0.14 and $0.10, Respectively
  • Q1 Production of 147 Thousand Gold Equivalent Ounces at Cost of Sales of $1,289 and AISC of $1,693 Per Ounce
  • Year-to-Date Production and Cost Metrics On Track for Full-Year Consolidated Guidance Targets
  • Execution of Capital Returns Program Continued with $47 Million Returned to Shareholders in 2023

Headline financials

Total Revenue

$315M

Previous: $355M-11.5%
EPS (adj)

$0.10

Previous: $0.30-66.7%
AISC per Gold Equivalent Ounce Sold

$1.69K

No prior period
Average Realized Gold Price

$1.9K

No prior period
Average Realized Silver Price

$23.38

No prior period
Cost of Sales per Gold Equivalent Ounce Sold

$1.29K

No prior period
Cash Cost per Gold Equivalent Ounce Sold

$1.2K

No prior period
Capital Expenditures

-$59.2M

Previous: -$34.5M-71.8%
Free Cash Flow

-$56.3M

Previous: $27.7M-303.2%
Net Income

$29.8M

Previous: $67.6M-55.9%
Operating Income

$37M

Previous: $116M-68.1%
Gross Profit

-$199M

Previous: $202M-198.7%
Cash & Equivalents

$562M

Previous: $999M-43.8%
Total Assets

$5.23B

Previous: $5.21B+0.4%
Stock-Based Comp

$2.05M

Previous: $4.85M-57.8%

Revenue & EPS history

SSR Mining · Revenue · Quarterly

$315M

Q1 2023-11.5%vs Q1 2022
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

The Company announced 2023 production guidance of 700 to 780 thousand gold equivalent ounces at consolidated cost of sales of $1,055 to $1,115 per gold equivalent ounce and AISC of $1,365 to $1,425 per gold equivalent ounce.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.6%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-1.5%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+18.6%

Q1 2020

Best reaction

-16.8%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.6%+23.0%-5.5%
Q4 2025+2.8%+16.9%-11.3%
Q3 2025-10.2%-4.1%-3.6%
Q1 2025+2.5%-3.2%+16.7%
Q4 2024+12.8%+12.2%+16.6%
Q3 2024-12.9%-8.9%+4.8%
Q2 2024-10.9%-17.6%-5.6%
Q1 2024-0.6%-4.8%-7.9%
Q4 2023-8.3%-9.0%-4.7%
Q3 2023-16.8%-10.3%-13.6%
Q2 2023+0.6%+2.0%+3.7%
Q1 2023+11.6%+11.7%-2.5%
Q4 2022-0.9%-10.4%-19.8%
Q3 2022-2.1%+6.6%+9.9%
Q2 2022-9.2%-4.4%-20.8%
Q1 2022+11.5%+3.4%+2.3%
Q4 2021+7.9%+9.0%+21.8%
Q3 2021+9.4%+11.2%+10.4%
Q2 2021+3.3%-3.7%+2.4%
Q1 2021+8.2%+5.9%+11.7%
Q4 2020-7.8%-3.6%-5.7%
Q3 2020+8.7%+4.2%+2.6%
Q2 2020-9.1%-20.7%-16.0%
Q1 2020+18.6%+24.1%+3.1%
Q4 2019+0.0%-4.0%-42.6%
Q3 2019+4.7%+1.3%+20.1%
Q2 2019-1.7%-4.7%-6.7%
Q1 2019-3.6%-1.4%+7.5%
Q4 2018+3.5%+2.7%-6.1%
Q3 2018+5.5%+8.6%+11.3%
Q2 2018+1.1%-7.5%-18.1%
Q1 2018+5.4%+1.1%+0.2%
Q4 2017+1.5%+2.9%+16.9%
Q3 2017-9.2%-10.5%-18.5%
Q2 2017+13.8%+9.9%+19.0%
Q1 2017-10.1%-9.1%-5.1%
Q4 2016+5.2%+1.3%-4.1%
Q3 2016+9.3%-15.2%-10.6%
Q2 2016+12.7%+10.2%-11.6%
Q1 2016+7.7%
Q4 2015-4.8%
Q3 2015-12.5%
Q2 2015+0.6%
Q1 2015+13.9%
Q4 2014-8.6%
Q3 2014-4.9%
Q2 2014+2.1%
Q1 2014-2.2%
Q4 2013+3.1%
Q3 2013+3.4%
Q1 2013-3.1%
Q2 2013-3.1%
Q4 2012-8.2%
Q3 2012-0.8%
Q2 2012+1.5%
Q1 2012+2.1%
Q4 2011+2.8%
Q3 2011-16.4%
Q2 2011-7.9%
Q1 2011+2.5%
Q4 2010+1.4%
Q3 2010-0.9%
Q2 2010+5.0%
Q1 2009+1.1%

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