SSR Mining reports FY22 gold production 623,819 equivalent ounces

SSR Mining Inc. announces full year 2022 production and cost of sales as well as the Company’s outlook for 2023 to 2025. In 2022, SSR Mining’s four operating assets produced 623,819 gold equivalent ounces, delivering solid fourth quarter performance of 182,655 gold equivalent ounces and meeting the Company’s revised guidance targets. Full year 2022 cost of sales of $985 per gold equivalent ounce and all-in sustaining costs of $1,339 per gold equivalent ounce were also in line with guidance. The Company expects to deliver a strong and stable production base in 2023 with total production of 700,000 to 780,000 gold equivalent ounces at consolidated cost of sales of $1,055 to $1,115 per gold equivalent ounce and AISC of $1,365 to $1,425 per gold equivalent ounce. In the updated three-year outlook, SSR Mining expects to maintain an average production base of approximately 700,000 gold equivalent ounces per year through 2025. Reflecting the growth opportunities within the portfolio, as evidenced by the positive exploration results announced at Cakmaktepe Extension, Marigold, and Seabee over the last six months, the Company will increase its 2023 exploration and resource development budget by approximately 50% over 2022. The increased budget is expected to target the acceleration of Mineral Resource conversion and mine life extension activities across the portfolio, helping position SSR Mining to deliver a long-term production profile above 700,000 gold equivalent ounces without significant capital investment requirements through the end of the decade.