other material
confidence high
sentiment negative
materiality 0.88
SSR Mining: Çöpler remediation costs $250-300M; Q1 prod 101.9K oz; no restart timeline
SSR MINING INC.
- Remediation cost for Çöpler incident estimated at $250-300M plus $22.5M incurred; plan submitted Q2 2024.
- Heap leach pad permanently closed; future restart exclusively through sulfide plant using 706K oz stockpile.
- Q1 2024 production 101,873 gold eq oz; AISC $1,569/oz including Çöpler care & maintenance.
- 2024 guidance for Marigold, Seabee, Puna: 340,000-380,000 gold eq oz; Çöpler contribution excluded.
- Cash $467M plus $400M revolver; removal of displaced material expected complete by Q3 2024.