earnings
confidence high
sentiment neutral
materiality 0.70
SSR Mining reports Q4 net income $5.6M, but full-year net loss $261.3M; Çöpler incident costs weigh
SSR MINING INC.
2024-FY EPS reported
-$1.29
revenue$995,618,000
- Q4 2024 net income $5.6M ($0.03 diluted EPS); adjusted net income $21.3M ($0.10 EPS). Full-year net loss $(261.3)M ($(1.29) diluted EPS), adjusted net income $57.6M ($0.28 EPS).
- Full-year gold equivalent production 399,267 oz at AISC $1,878/oz, including $60.8M care & maintenance at suspended Çöpler mine.
- Çöpler remediation spend in 2024 totaled $127.6M; forecast unchanged at $250-300M from April 2024 onward.
- Cash $387.9M, total liquidity $887.5M; no revolver borrowings. Acquired CC&V gold mine for $100M upfront plus up to $175M milestones, expected close Q1 2025.
- Proven & Probable gold-equivalent reserves 8.0M oz, up 3% YoY, driven by initial Buffalo Valley reserve of 523K oz at Marigold.