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SSR Mining (NASDAQ:SSRM) said Thursday it produced of 623,819 gold equivalent oz in FY 2022, including more than 182K gold equivalent oz in Q4, to meet revised guidance targets.
Full-year all-in sustaining costs of $1,339 per gold equivalent oz also was in line with guidance.
For FY 2023, SSR Mining (SSRM) issued guidance for total production of 700K-780K gold equivalent oz and AISC of $1,365-$1,425 per GEO.
In its updated three-year outlook, the miner expects to maintain an average production base of ~700K geo/year through 2025, which it expects to deliver without significant capital investment requirements through the end of the decade.
The company said it plans to raise its 2023 exploration and resource development budget by ~50% from 2022 levels, as it expects to target the acceleration of mineral resource conversion and mine life extension activities across its portfolio.
SSR Mining (SSRM) offers “industry-leading capital returns to shareholders among its peer group and [a] solid organic growth profile,” Taylor Dart writes in an analysis published on Seeking Alpha.