NASDAQ$SSRM

SSR Mining Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

SSR Mining reported consolidated financial results, and provided an update on the Çöpler Incident.

SSR Mining's Q1 2024 results were impacted by the Çöpler Incident, with a net loss of $287.1 million. Excluding Çöpler, Marigold, Seabee and Puna are expected to produce 340,000 to 380,000 gold equivalent ounces in 2024.

  • Çöpler Incident: Operations remain suspended following the February 13, 2024 incident.
  • Financial Results: Attributable net loss was $287.1 million, or $1.42 per diluted share; adjusted attributable net income was $22.5 million, or $0.11 per diluted share.
  • Cash Position: Ended the quarter with $467.0 million in cash and cash equivalents.
  • Marigold, Seabee and Puna combined production was 80,046 gold equivalent ounces, in line with expectations.

Headline financials

Total Revenue

$230M

Previous: $315M-26.8%
EPS

-$1.42

Previous: $0.10-1520.0%
Average Realized Gold Price

$2.06K

Previous: $1.9K+8.4%
Average Realized Silver Price

$22.18

Previous: $23.38-5.1%
Cost of Sales per Gold Equivalent Ounce Sold

$1.17K

Previous: $1.29K-9.5%
Capital Expenditures

-$34M

Previous: -$59.2M+42.5%
Free Cash Flow

-$9.4M

Previous: -$56.3M+83.3%
Net Income

-$287M

Previous: $29.8M-1062.9%
Operating Income

-$376M

Previous: $37M-1117.8%
Gross Profit

$104M

Previous: -$199M+152.4%
Cash & Equivalents

$467M

Previous: $562M-16.9%
Total Assets

$5.25B

Previous: $5.23B+0.3%
Stock-Based Comp

-$3.94M

Previous: $2.05M-292.6%

Revenue & EPS history

SSR Mining · Revenue · Quarterly

$230M

Q1 2024-26.8%vs Q1 2023
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

SSR Mining expects Marigold, Seabee and Puna will produce a consolidated total of 340,000 to 380,000 gold equivalent ounces in 2024.

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 2024

Historical avgQ1 2024

+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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