earnings
confidence high
sentiment negative
materiality 0.80
SSR Mining posts Q2 gold output of 76k oz; Çöpler remediation cost estimate $250-300M
SSR MINING INC.
2024-Q2 EPS reported
-$1.37
revenue$415,075,000
- All nine missing colleagues from Feb 13 Çöpler incident have been recovered.
- Remediation cost estimate for Çöpler: $250-300 million; $55M spent in Q2.
- Q2 production: 76,102 gold eq oz; AISC $2,116/oz including $17.3M care and maintenance at Çöpler.
- Total cash $358M; available liquidity >$850M; full-year production guidance unchanged at 340k-380k oz.
- Sulfide stockpiles at Çöpler contain ~706k oz; restart timeline uncertain pending permits.