SSR Mining Reports First Quarter 2019 Results

SSRM) (SSRM) (“SSR Mining”) experiences consolidated monetary outcomes for the primary quarter ended March 31, 2019.” data-reactid=”11″>VANCOUVER , Could 9, 2019 /CNW/ – SSR Mining Inc. (SSRM) (SSRM) (“SSR Mining”) experiences consolidated monetary outcomes for the primary quarter ended March 31, 2019.

Paul Benson , President and CEO stated, “Pleasingly, we had a powerful first quarter with near-record consolidated manufacturing of over 112,000 gold equal ounces at decrease money prices, pushed by stable efficiency in any respect three operations. Seabee achieved report manufacturing at near-record low money prices, whereas Puna manufacturing and prices benefited from a full quarter of processing larger grade Chinchillas ore and growing by-product credit. Because of this, we delivered one other quarter of stable monetary efficiency and are properly positioned to realize report manufacturing for 2019.”

Marigold mine, U.S.” data-reactid=”25″>Marigold mine, U.S.

Within the first quarter of 2019, the Marigold mine produced 53,151 ounces of gold, a 2% decline from the fourth quarter of 2018 primarily resulting from moist climate situations in the course of the interval. Gold gross sales totaled 55,517 ounces, 10% larger than the earlier quarter as we bought bullion stock gathered within the fourth quarter of 2018.

In the course of the quarter, 17.three million tonnes of fabric had been mined, a 2% improve in comparison with the fourth quarter of 2018, as we commenced mining the subsequent section of the Mackay pit, which resulted in shorter haul distances and offset the climate occasions early within the quarter.

Roughly 5.5 million tonnes of ore had been delivered to the heap leach pads at a grade of zero.34 g/t gold. This compares to five.7 million tonnes of ore delivered to the heap leach pads at a grade of zero.34 g/t gold within the fourth quarter of 2018. The strip ratio was 2.1:1 for the quarter.

Money prices, which embrace all prices of stock, refining prices and royalties, of $812 per payable ounce of gold bought within the first quarter of 2019 was 7% larger than the earlier quarter primarily resulting from deliberate decrease grades mined within the second half of 2018 and the primary quarter of 2019. Whole mining prices of $1.73 per tonne within the first quarter of 2019 had been 7% lower than within the earlier quarter resulting from 2% extra tonnes mined and decrease upkeep prices. Processing unit prices had been 6% decrease within the first quarter resulting from a 17% discount in cyanide prices that resulted from the beginning up of a brand new leach pad.  This discount in prices offset the three% discount in ore tonnes stacked.  Basic and administrative unit prices had been 6% larger within the first quarter of 2019 than within the fourth quarter of 2018 primarily resulting from decrease ore tonnes stacked.

Regardless of the upper money prices, AISC per payable ounce of gold bought decreased within the first quarter of 2019 to $984 from $995 within the fourth quarter resulting from decreased capital spending, partially offset by larger deferred stripping and capitalized exploration.

A complete of 55,517 ounces of gold had been bought at a mean realized gold value of $1,303 per ounce in the course of the first quarter of 2019, a rise of 10% from the 50,550 ounces of gold bought at a mean realized gold value of $1,227 per ounce in the course of the fourth quarter of 2018.

The first goal for exploration work in 2019 is to discover the north and south extensions of Purple Dot, and the western space of the Mackay pit.  Actions in these areas have the potential to find further Mineral Sources resulting from their proximity to current Mineral Sources.  In the course of the first quarter, we accomplished 70 reverse circulation (RC) drillholes for 23,447 meters.

A restricted quantity of labor in the course of the interval superior the Mineral Useful resource to Mineral Reserve conversion at Purple Dot by means of the completion of geotechnical and QA/QC core drilling.  This work comprised 12 core holes for four,893 meters.

In the course of the interval, outcomes had been obtained from 40 of the 70 RC holes, with 29 reporting useful resource grade intercepts.  These outcomes might be compiled later within the yr with our current knowledge.

Looking forward to the second quarter, RC drilling on the East Basalt and Valmy targets will start as soon as floor situations enhance from the moist climate situations.

Three months ended

Working knowledge

March 31
 2019

December 31
 2018

September 30
 2018

June 30
 2018

March 31
 2018

Whole ore milled (t)

90,756

86,447

88,273

84,zero10

93,269

Ore milled per day (t/day)

1,008

940

959

923

1,036

Gold mill feed grade (g/t)

eight.59

10.20

9.52

7.95

eight.95

Mining prices ($/t mined)

52

57

48

60

59

Processing prices ($/t processed)

28

26

26

27

21

Gold restoration (%)

97.2

97.6

97.1

97.three

97.four

Basic and admin prices ($/t processed)

53

63

47

62

53

Gold produced (oz)

31,183

20,473

27,831

23,582

23,716

Gold bought (oz) (1)

27,999

21,711

29,175

20,512

20,zero12

Realized gold value ($/oz) (2)

1,302

1,236

1,210

1,306

1,340

Money prices ($/oz) (2)

467

502

447

616

481

AISC ($/oz) (2)

973

743

596

854

896

Monetary knowledge ($000s)

Income

36,431

26,890

35,270

26,706

26,789

Earnings from mine operations

13,672

7,347

11,zero61

5,703

6,672

Capital expenditures

eight,772

625

968

1,zero35

four,426

Capitalized improvement

three,379

2,910

1,812

2,069

2,283

Exploration expenditures (three)

three,172

1,661

2,860

2,745

2,zero32

(1)

Starting with the primary quarter of 2018, the holder of the three% web smelter return royalty elected to obtain its royalty in-kind and we are going to not report these ounces inside gold bought.

(2)

We report the non-GAAP monetary measures of realized gold value, money prices and AISC per payable ounce of gold bought to handle and consider working efficiency on the Seabee Gold Operation. See “Cautionary Notice Relating to Non-GAAP Measures”.

(three)

Consists of capitalized and expensed exploration expenditures.

 

Seabee Gold Operation produced a report 31,183 ounces of gold within the first quarter of 2019, largely resulting from timing of gold pours at year-end 2018 and aided by the elevated mill throughput fee. Gold gross sales totaled 27,999 ounces for the primary quarter, 29% larger than the fourth quarter of 2018.

The mill achieved a mean throughput of 1,008 tonnes per day over the primary quarter, a 7% improve in comparison with the earlier quarter, reflecting the next mining fee on the Santoy mine. Gold mill feed grade was eight.59 g/t, according to plan. Gold restoration remained constant at 97.2%.

Money prices and AISC per payable ounce of gold bought and realized gold value are non-GAAP monetary measures. Please see “Cautionary Notice Relating to Non-GAAP Measures”.” data-reactid=”60″>Money prices and AISC per payable ounce of gold bought and realized gold value are non-GAAP monetary measures. Please see “Cautionary Notice Relating to Non-GAAP Measures”.

Money prices per payable ounce of gold bought, which embrace all prices of stock and refining prices, had been $467 within the first quarter of 2019, 7% decrease than the $502 recorded within the fourth quarter of 2018.  Decrease money prices had been resulting from decrease unit working prices for mining and common and administrative as the next proportion of underground actions had been directed to capitalized improvement.  Prices per tonne mined had been $52 within the first quarter of 2019, 9% decrease than within the earlier quarter resulting from larger tonnes mined.  Processing prices per tonne had been larger than the prior quarter, whereas common and administrative unit prices decreased by 16% within the first quarter of 2019 in comparison with the fourth quarter of 2018 resulting from changes to payroll accruals and decrease tonnes milled within the fourth quarter of 2018.  Decrease unit prices greater than offset decrease grades processed.

AISC per payable ounce of gold bought had been $973 within the first quarter of 2019, 31% larger than the $743 within the fourth quarter of 2018 as elevated capital expenditures, capital improvement and capitalized exploration had been considerably offset by payable ounce of gold bought. This improve is because of the seasonal nature of our operation whereby a majority of annual sustaining capital gadgets are bought within the first quarter of every yr for supply on the ice highway for summer season building. Within the first quarter, sustaining capital included roughly $7 million for our deliberate funding in underground mining tools to extend capability, flexibility and reliability on the Seabee mine.

A complete of 27,999 ounces had been bought at a mean realized gold value of $1,302 per ounce in the course of the first quarter of 2019, 29% larger than the 21,711 ounces of gold bought within the fourth quarter of 2018, at a mean realized gold value of $1,236 per ounce of gold.

For 2019, the Seabee Gold Operation deliberate 45,000 meters of underground drilling and 23,000 meters of floor drilling with the target to extend and convert Mineral Sources into Mineral Reserves close to the Santoy Mine.  Within the first quarter of 2019, we accomplished 12,576 meters of underground drilling and 15,561 meters of floor drilling in 24 and 58 drillholes, respectively.

Underground actions for the primary quarter of 2019 centered on three targets, together with Santoy Hole hanging wall (“Hole HW”), Santoy 8A vein zone and Santoy 9 A and C vein zones.  Floor drilling within the first quarter centered on three areas together with Hole HW, 8A East, Batman Lake and the Fisher challenge with 7,639 meters being accomplished in 20 core drillholes.  A number of Hole HW holes intersected seen gold, significantly within the close to floor drillholes focusing on the up plunge extension of the construction.  We anticipate that these outcomes will improve Mineral Sources for Hole HW as soon as compiled with our current drill knowledge.

On greenfields targets, we obtained anomalous constructive outcomes from two holes at Batman Lake, positioned 800 meters south of Santoy mine on the Seabee property, and the final gap accomplished on the north Mac exhibiting on the Fisher challenge.  Outcomes from nearly all of the Fisher property drilling are pending assay outcomes.

Three months ended

Working knowledge

March 31
 2019

December 31
 2018

September 30
 2018

June 30
 2018

March 31
 2018

Whole materials mined (kt) (1)

2,618

897

Waste eliminated (kt) (1)

2,469

696

Strip ratio (1)

16.5

three.5

Mining prices ($/t mined) (1)

2.74

2.61

Ore milled (kt)

345

342

308

396

374

Silver mill feed grade (g/t)

235

133

96

110

115

Zinc mill feed grade (%)

zero.46

1.14

1.25

zero.71

Lead mill feed grade (%) (1)

1.07

zero.92

Processing prices ($/t milled)

29.62

22.18

20.87

17.26

15.34

Silver restoration (%)

91.7

81.5

69.9

68.1

67.7

Zinc restoration (%)

47.three

49.5

38.1

31.5

Lead restoration (%) (1)

83.6

83.1

Basic and admin prices ($/t milled)

eight.02

eight.16

7.98

7.07

6.33

Silver produced (‘000 oz)

2,392

1,189

666

954

938

Silver bought (‘000 oz)

927

932

623

1,142

1,064

Zinc produced (‘000 lb) (2)

1,640

four,zero14

three,241

1,520

Zinc bought (‘000 lb) (2)

three,218

1,983

382

Lead produced (‘000 lb) (three)

6,789

2,735

372

Lead bought (‘000 lb) (three)

2,977

1,zero59

Realized silver value ($/oz) (four)

15.35

14.42

15.45

16.49

16.79

Money prices ($/oz) (four)

9.94

15.02

17.41

14.73

17.07

AISC ($/oz) (four)

19.76

20.45

22.39

17.66

18.37

Monetary Knowledge ($000s)

Income

17,556

14,961

7,915

16,570

15,233

Earnings (loss) from mine operations

three,584

(788)

(2,440)

830

(1,753)

Capital expenditures

1,543

three,849

2,390

2,652

789

Capitalized stripping

6,191

Exploration expenditures (5)

1

21

6

429

6

(1)

Knowledge for the fourth quarter of 2018 is for the interval subsequent to December 1, 2018, the date upon which industrial manufacturing was declared on the Chinchillas mine.

(2)

Knowledge for zinc manufacturing and gross sales relate solely to zinc in zinc focus.

(three)

Knowledge for lead manufacturing and gross sales relate solely to guide in lead focus.

(four)

We report the non-GAAP monetary measures of realized silver value, money prices and AISC per payable ounce of silver bought to handle and consider working efficiency at Puna Operations. See “Cautionary Notice Relating to Non-GAAP Measures”.

(5)

Doesn’t embrace exploration or improvement expenditures of the Chinchillas challenge.

 

The Chinchillas mine ramp up was considerably accomplished in the course of the first quarter of 2019. Whole materials mined from the Chinchillas open pit elevated considerably in comparison with the earlier quarter as industrial manufacturing was achieved on December 1, 2018 .

As famous in our annual steering, waste elimination is elevated in 2019 because the Chinchillas mine completes the highwall pushback and commences the subsequent pit section. This was demonstrated by the elevated strip ratio within the first quarter and is predicted to proceed by means of the third quarter of 2019 with a downward pattern to year-end 2019. Because of this, the Pirquitas mill will predominantly course of stockpiled Chinchillas ore into the third quarter of 2019, with ore mined in 2019 principally supplying the Pirquitas mill within the fourth quarter of 2019.

Silver manufacturing was 2.four million ounces for the quarter, a rise of 101% relative to the fourth quarter of 2018, primarily resulting from larger silver mill feed grade and silver restoration, as ore was sourced completely from the Chinchillas mine. Silver gross sales totaled zero.9 million ounces as focus shipments commenced later within the quarter. On an attributable foundation, silver manufacturing and gross sales for the primary quarter totaled 1.eight million ounces and zero.7 million ounces, respectively.

In the course of the first quarter, ore was milled at a mean of three,830 tonnes per day, a three% improve in comparison with ore milled within the earlier quarter, primarily resulting from enhancements in mill flotation pumping. Processed ore within the first quarter of 2019 contained a mean silver grade of 235 g/t, a 77% improve in comparison with the fourth quarter of 2018, resulting from solely processing larger grade Chinchillas ore. Metallurgical recoveries of silver, lead and zinc are anticipated to be variable till we obtain regular state manufacturing. The brand new tailings pump system on the Pirquitas mill was accomplished in the course of the quarter.

Money prices and AISC per payable ounce of silver bought are non-GAAP monetary measures. Please see “Cautionary Notice Relating to Non-GAAP Measures”.” data-reactid=”81″>Money prices and AISC per payable ounce of silver bought are non-GAAP monetary measures. Please see “Cautionary Notice Relating to Non-GAAP Measures”.

Money prices, which embrace value of stock, therapy and refining prices, provincial royalties, export duties and by-product credit, had been $9.94 per payable ounce of silver bought within the first quarter of 2019, a 34% lower from $15.02 per payable ounce of silver bought within the fourth quarter of 2018.  The lower was primarily resulting from larger manufacturing ensuing from larger silver grade of ore processed with Chinchillas supplying all of the processed ore and recognition of upper by-product credit.

AISC per payable ounce of silver bought within the first quarter of 2019 had been $19.76 , barely decrease than the fourth quarter of 2018 as considerably decrease money prices had been offset by excessive sustaining capital per payable ounce within the first quarter.  As mentioned above, mining actions within the quarter centered on waste elimination and drove excessive capitalized stripping prices.  This, mixed with payable silver ounces bought properly beneath manufacturing because of the required ramp-up in focus gross sales, drove larger per payable ounce sustaining capital prices within the quarter.

Silver gross sales totaled zero.9 million ounces and attributable gross sales had been zero.7 million within the first quarter of 2019, akin to the fourth quarter of 2018.  Gross sales of silver/lead and zinc concentrates elevated by means of the primary quarter and are anticipated to be according to manufacturing over the rest of 2019.  Subsequent to the quarter, we entered into annual contracts for all anticipated 2019 focus tonnage, according to previous apply.

At Puna Operations, exploration actions had been restricted to the completion of detailed drone magnetic knowledge at Chinchillas and the Pirquitas mine areas.  Magnetic inversions have been accomplished and contribute to focus on choice at each properties.

In 2018, we evaluated the potential for an underground mine on the Pirquitas deposit to supply supplemental ore to the Pirquitas mill. The examine confirmed a technically possible and financial challenge; nonetheless, with a return beneath our funding thresholds at present metallic costs. We now have budgeted $1 million in 2019 for a three,000-meter drill program to check for extensions to the mineralization that might have a constructive affect on the challenge economics.  We plan to start this drilling within the second quarter of 2019.

In the course of the first quarter, ore feed to the Pirquitas plant has been completely from the Chinchillas mine.

The in-pit tailings pumping system was commissioned in the course of the quarter and tailings deposition to the pit is ongoing.

The Chinchillas truck store construction is full with equipping remaining in course of.  Three truck bays are getting used for working upkeep whereas works are accomplished.

Street upgrades and enhancements had been accomplished in the course of the quarter. Infrastructure and diesel fueling station building will proceed into the second quarter of 2019 with remaining anticipated capital expenditures totaling $eight million .  The challenge stays on funds.

This part of the information launch gives administration’s manufacturing, value, capital, exploration and improvement expenditure estimates for 2019. See “Cautionary Notice Relating to Ahead-Trying Statements.”” data-reactid=”95″>This part of the information launch gives administration’s manufacturing, value, capital, exploration and improvement expenditure estimates for 2019. See “Cautionary Notice Relating to Ahead-Trying Statements.”

Our steering is unchanged from that reported on January 15, 2019 . For the complete yr 2019, we anticipate:

Working Steerage

Marigold mine

Seabee Gold
Operation

Puna Operations
(75% curiosity) (four)

Gold Manufacturing

oz

200,000 – 220,000

95,000 – 110,000

Silver Manufacturing 
(Attributable)

Moz

6.zero – 7.zero 
(four.5 – 5.three)

Lead Manufacturing 
(Attributable)

Mlb

20.zero – 26.zero 
(15.zero – 19.5)

Zinc Manufacturing 
(Attributable)

Mlb

15.zero – 20.zero 
(11.three – 15.zero)

Money Price per Payable Ounce Offered (1)

$/oz

750 – 790

525 – 555

eight.00 – 10.00

Sustaining Capital Expenditures (2)

$M

35

25

12

Capitalized Stripping / Capitalized Growth

$M

20

12

20

Exploration Expenditures (three)

$M

7.5

6

1

(1)

We report the non-GAAP monetary measure of money prices per payable ounce of gold and silver bought to handle and consider working efficiency on the Marigold mine, the Seabee Gold Operation and Puna Operations. See “Cautionary Notice Relating to Non-GAAP Measures”.

(2)

Sustaining capital expenditures for Puna Operations exclude preliminary capital expenditures associated to the event of the Chinchillas challenge.

(three)

Consists of capitalized and expensed exploration expenditures.

(four)

Proven on a 100% foundation except in any other case indicated by “attributable”, which is proven on a 75% foundation.

 

Primarily based on the mid-points of steering, on a consolidated foundation we anticipate to provide 395,000 gold equal ounces in 2019 at gold equal money prices of $700 per payable ounce bought. On an attributable foundation we anticipate to provide 375,000 gold equal ounces in 2019 at gold equal money prices of $700 per payable ounce bought based mostly on the mid-points of steering.

Gold equal figures for our 2019 working steering are based mostly on a gold-to-silver ratio of 81:1. Money prices and capital expenditures steering is predicated on an oil value of $65 per barrel and trade fee of 1.25 Canadian greenback to U.S. greenback.

Chosen Monetary Knowledge (1)

Three months ended March 31,

2019

2018

$

$

Income

126,250

97,902

Earnings from mine operations (1)

30,237

17,231

Gross margin (%)

24

18

Working revenue (1)

19,628

7,731

Web revenue (loss)

5,732

(2,322)

Fundamental attributable revenue (loss) per share

zero.05

(zero.01)

Adjusted attributable revenue earlier than tax (1)

21,546

6,736

Adjusted attributable web revenue (1)

17,200

5,662

Adjusted fundamental attributable revenue per share (1)

zero.14

zero.05

Money(utilized in) generated by working actions

(303)

11,zero07

Money (utilized in) generated by investing actions

(33,762)

1,387

Money generated by financing actions

77,441

1,916

Monetary Place

March 31, 2019

December 31, 2018

Money and money equivalents

461,351

419,212

Marketable securities

32,634

29,542

Present belongings

800,491

733,119

Present liabilities

183,733

83,254

Working capital

616,758

649,865

Whole belongings

1,607,142

1,521,138

(1)

We report non-GAAP measures together with revenue from mine operations, working revenue, adjusted attributable revenue earlier than tax, adjusted attributable web revenue, and adjusted fundamental attributable revenue per share, to handle and consider our working efficiency. Please see “Cautionary Notice Relating to Non-GAAP Measures”.

 

Income within the first quarter of 2019 elevated by 29% relative to the comparative quarter in 2018, due principally to an improve in gold gross sales each on the Marigold mine and the Seabee Gold Operation.  Puna Operations’ income additionally elevated on larger gross sales of lead and zinc, partially offset by decrease silver gross sales.  Focus gross sales elevated relative to the earlier quarter, however lagged the rise in manufacturing of silver and lead ensuing from processing solely Chinchillas ore within the first quarter of 2019.

Earnings from mine operations within the first quarter of 2019 generated a gross margin of 24%, larger than the 18% gross margin within the first quarter of 2018, resulting from larger revenue from mine operations generated by the Seabee Gold Operation and Puna Operations as decrease value and depreciation greater than offset decrease realized metallic costs.  Relative to the prior yr quarter, the Marigold mine generated a decrease gross margin resulting from larger prices and decrease realized costs.

Within the first quarter of 2019, we generated web revenue of $5.7 million , in comparison with a web lack of $2.three million within the first quarter of 2018.

Money utilized in working actions within the quarter was $zero.three million in comparison with $11.zero million generated within the first quarter of 2018.  Each the Seabee Gold Operation and Puna Operations had larger gross sales at decrease unit prices whereas the Marigold mine had larger gold gross sales at larger unit prices.  Money from working actions was negatively impacted by a $27.four million improve in non-cash working capital, in comparison with a $11.9 million improve within the first quarter of 2018, due primarily to a mixture of provides stock restocking at Seabee Gold Operation, elevated focus completed items inventories at Chinchillas as gross sales lagged manufacturing, larger leach pad stock prices on the Marigold mine and a discount in commerce payables on the finish of the quarter.  We used $33.eight million in investing actions within the first quarter of 2019.  This included expenditures of $13.2 million on property, plant and tools and $6.1 million on the Chinchillas challenge. This in comparison with $1.four million generated from investing actions within the first quarter of 2018.  Within the first quarter of 2018, we obtained $28.1 million from the gross sales of frequent shares of Pretium Sources Inc., which was partially offset by investing $eight.eight million in property, plant and tools, and $11.7 million on the Chinchillas challenge.

Money generated from financing actions of $77.four million resulted from the completion of our $230 million combination principal quantity of two.50% unsecured convertible senior notes (the “2019 Notes”) providing for web proceeds of $222.9 million considerably offset by the partial repurchase of our excellent $265 million 2.875% convertible senior notes (the “2013 Notes”) for $152.three million .

SSR Mining has an skilled administration group of mine-builders and operators with confirmed capabilities. We now have a powerful stability sheet with $461.four million in money and money equivalents as at March 31, 2019. We’re dedicated to delivering protected manufacturing by means of relentless emphasis on Operational Excellence. We’re additionally centered on rising manufacturing and Mineral Reserves by means of the exploration and acquisition of belongings for accretive progress, whereas sustaining monetary power.

On March 19, 2019 , we issued the 2019 Notes for web proceeds of $222.9 million after fee of commissions and bills associated to the providing.  For a full description of the 2019 Notes see the “Capital Sources” dialogue in Part 5 of our MD&A.

Of the proceeds from the 2019 Notes, $152.three million was used to repurchase, in separate privately negotiated transactions, $150 million of the 2013 Notes.

Requirements of Disclosure for Mineral Initiatives (“NI 43-101″). Mr. Gibson is our Basic Supervisor and Mr. Carver is our Chief Geologist on the Marigold mine. The scientific and technical info contained on this information launch referring to the Seabee Gold Operation has been reviewed and authorised by Cameron Chapman , P.Eng., and Jeffrey Kulas , P.Geo., every of whom is a certified particular person below NI 43-101. Mr. Chapman is our Basic Supervisor and Mr. Kulas is our Supervisor Geology, Mining Operations on the Seabee Gold Operation. The scientific and technical info contained on this information launch referring to Puna Operations has been reviewed and authorised by Robert Gill , P.Eng., and F. Carl Edmunds , P.Geo., every of whom is a certified particular person below NI 43-101. Mr. Gill is our Basic Supervisor at Puna Operations and Mr. Edmunds is our Vice President Exploration.” data-reactid=”121″>The scientific and technical info contained on this information launch referring to the Marigold mine has been reviewed and authorised by Greg Gibson and James N. Carver , every of whom is a SME Registered Member and a certified particular person below Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101”). Mr. Gibson is our Basic Supervisor and Mr. Carver is our Chief Geologist on the Marigold mine. The scientific and technical info contained on this information launch referring to the Seabee Gold Operation has been reviewed and authorised by Cameron Chapman , P.Eng., and Jeffrey Kulas , P.Geo., every of whom is a certified particular person below NI 43-101. Mr. Chapman is our Basic Supervisor and Mr. Kulas is our Supervisor Geology, Mining Operations on the Seabee Gold Operation. The scientific and technical info contained on this information launch referring to Puna Operations has been reviewed and authorised by Robert Gill , P.Eng., and F. Carl Edmunds , P.Geo., every of whom is a certified particular person below NI 43-101. Mr. Gill is our Basic Supervisor at Puna Operations and Mr. Edmunds is our Vice President Exploration.

www.sedar.com or our web site at www.ssrmining.com.” data-reactid=”123″>This information launch needs to be learn at the side of our unaudited condensed consolidated interim monetary statements and our MD&A as filed with the Canadian Securities Directors and out there at www.sedar.com or our web site at www.ssrmining.com.

Convention name and webcast: Friday, Could 10, 2019 , at 11:00 a.m. EDT .

 

The convention name might be archived and out there on our web site.
Audio replay might be out there for 2 weeks by calling:

Toll-free in U.S. and Canada:

+1 (855) 669-9658, replay code 3089

All different callers:

+1 (412) 317-0088, replay code 3089

 

SSR Mining Inc. is a Canadian-based treasured metals producer with three operations, together with the Marigold mine in Nevada , U.S., the Seabee Gold Operation in Saskatchewan, Canada and the 75%-owned and operated Puna Operations three way partnership in Jujuy, Argentina . We even have two feasibility stage initiatives and a portfolio of exploration properties in North and South America . We’re dedicated to delivering protected manufacturing by means of relentless emphasis on Operational Excellence. We’re additionally centered on rising manufacturing and Mineral Reserves by means of the exploration and acquisition of belongings for accretive progress, whereas sustaining monetary power.

invest@ssrmining.com” data-reactid=”138″>For additional info contact:
W. John DeCooman, Jr.
Senior Vice President, Enterprise Growth and Technique
SSR Mining Inc.
Vancouver, BC
Toll free: +1 (888) 338-0046
All others: +1 (604) 689-3846
E-Mail: make investments@ssrmining.com

www.ssrmining.com.
” data-reactid=”139″>To obtain SSR Mining’s information releases by e-mail, please register utilizing the SSR Mining web site at www.ssrmining.com.

This information launch accommodates forward-looking info inside the which means of Canadian securities legal guidelines and forward-looking statements inside the which means of the U.S. Non-public Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). All statements, apart from statements of historic truth, are forward-looking statements.” data-reactid=”141″>This information launch accommodates forward-looking info inside the which means of Canadian securities legal guidelines and forward-looking statements inside the which means of the U.S. Non-public Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). All statements, apart from statements of historic truth, are forward-looking statements.

These forward-looking statements are topic to quite a lot of recognized and unknown dangers, uncertainties and different components that might trigger precise occasions or outcomes to vary from these expressed or implied, together with, with out limitation, the next: uncertainty of manufacturing, improvement plans and price estimates for the Marigold mine, the Seabee Gold Operation, Puna Operations and our initiatives; our capability to exchange Mineral Reserves; commodity value fluctuations; political or financial instability and surprising regulatory modifications; forex fluctuations; the opportunity of future losses; common financial situations; counterparty and market dangers associated to the sale of our concentrates and metals; uncertainty within the accuracy of Mineral Reserves and Mineral Sources estimates and in our capability to extract mineralization profitably; variations in U.S. and Canadian practices for reporting Mineral Reserves and Mineral Sources; lack of appropriate infrastructure or injury to current infrastructure; future improvement dangers, together with start-up delays and price overruns; our capability to acquire sufficient financing for additional exploration and improvement applications and alternatives; uncertainty in buying further commercially mineable mineral rights; delays in acquiring or failure to acquire governmental permits, or non-compliance with our permits; our capability to draw and retain certified personnel and administration; the affect of governmental rules, together with well being, security and environmental rules, together with elevated prices and restrictions on operations resulting from compliance with such rules; unpredictable dangers and hazards associated to the event and operation of a mine or mineral property which might be past our management; reclamation and closure necessities for our mineral properties; potential labour unrest, together with labour actions by our unionized workers at Puna Operations; indigenous peoples’ title claims and rights to session and lodging could have an effect on our current operations in addition to improvement initiatives and future acquisitions; sure transportation dangers that might have a destructive affect on our capability to function; assessments by taxation authorities in a number of jurisdictions; recoverability of worth added tax and Puna credit stability and vital delays within the assortment course of in Argentina ; claims and authorized proceedings, together with hostile rulings in litigation towards us and/or our administrators or officers; compliance with anti-corruption legal guidelines and inside controls, and elevated regulatory compliance prices; complying with rising local weather change rules and the affect of local weather change; totally realizing our curiosity in deferred consideration obtained in reference to current divestitures; totally realizing the worth of our shareholdings in our marketable securities, resulting from modifications in value, liquidity or disposal value of such marketable securities; uncertainties associated to title to our mineral properties and the power to acquire floor rights; the sufficiency of our insurance coverage protection; civil disobedience within the international locations the place our mineral properties are positioned; operational security and safety dangers; actions required to be taken by us below human rights regulation; competitors within the mining business for mineral properties; our capability to finish and efficiently combine an introduced acquisition; fame loss leading to decreased investor confidence; elevated challenges in creating and sustaining group relations and an obstacle to our general capability to advance our initiatives; dangers usually related to the conduct of joint ventures; an occasion of default below our 2013 Notes or our 2019 Notes could considerably scale back our liquidity and adversely have an effect on our enterprise; failure to fulfill covenants below our senior secured revolving credit score facility; info techniques safety threats; conflicts of curiosity that might come up from sure of our administrators’ and officers’ involvement with different pure useful resource corporations; different dangers associated to our frequent shares; and people different numerous dangers and uncertainties recognized below the heading “Threat Components” in our most up-to-date Annual Data Type filed with the Canadian securities regulatory authorities and included in our most up-to-date Annual Report on Type 40-F filed with the U.S. Securities and Change Fee (“SEC”).” data-reactid=”143″>These forward-looking statements are topic to quite a lot of recognized and unknown dangers, uncertainties and different components that might trigger precise occasions or outcomes to vary from these expressed or implied, together with, with out limitation, the next: uncertainty of manufacturing, improvement plans and price estimates for the Marigold mine, the Seabee Gold Operation, Puna Operations and our initiatives; our capability to exchange Mineral Reserves; commodity value fluctuations; political or financial instability and surprising regulatory modifications; forex fluctuations; the opportunity of future losses; common financial situations; counterparty and market dangers associated to the sale of our concentrates and metals; uncertainty within the accuracy of Mineral Reserves and Mineral Sources estimates and in our capability to extract mineralization profitably; variations in U.S. and Canadian practices for reporting Mineral Reserves and Mineral Sources; lack of appropriate infrastructure or injury to current infrastructure; future improvement dangers, together with start-up delays and price overruns; our capability to acquire sufficient financing for additional exploration and improvement applications and alternatives; uncertainty in buying further commercially mineable mineral rights; delays in acquiring or failure to acquire governmental permits, or non-compliance with our permits; our capability to draw and retain certified personnel and administration; the affect of governmental rules, together with well being, security and environmental rules, together with elevated prices and restrictions on operations resulting from compliance with such rules; unpredictable dangers and hazards associated to the event and operation of a mine or mineral property which might be past our management; reclamation and closure necessities for our mineral properties; potential labour unrest, together with labour actions by our unionized workers at Puna Operations; indigenous peoples’ title claims and rights to session and lodging could have an effect on our current operations in addition to improvement initiatives and future acquisitions; sure transportation dangers that might have a destructive affect on our capability to function; assessments by taxation authorities in a number of jurisdictions; recoverability of worth added tax and Puna credit stability and vital delays within the assortment course of in Argentina ; claims and authorized proceedings, together with hostile rulings in litigation towards us and/or our administrators or officers; compliance with anti-corruption legal guidelines and inside controls, and elevated regulatory compliance prices; complying with rising local weather change rules and the affect of local weather change; totally realizing our curiosity in deferred consideration obtained in reference to current divestitures; totally realizing the worth of our shareholdings in our marketable securities, resulting from modifications in value, liquidity or disposal value of such marketable securities; uncertainties associated to title to our mineral properties and the power to acquire floor rights; the sufficiency of our insurance coverage protection; civil disobedience within the international locations the place our mineral properties are positioned; operational security and safety dangers; actions required to be taken by us below human rights regulation; competitors within the mining business for mineral properties; our capability to finish and efficiently combine an introduced acquisition; fame loss leading to decreased investor confidence; elevated challenges in creating and sustaining group relations and an obstacle to our general capability to advance our initiatives; dangers usually related to the conduct of joint ventures; an occasion of default below our 2013 Notes or our 2019 Notes could considerably scale back our liquidity and adversely have an effect on our enterprise; failure to fulfill covenants below our senior secured revolving credit score facility; info techniques safety threats; conflicts of curiosity that might come up from sure of our administrators’ and officers’ involvement with different pure useful resource corporations; different dangers associated to our frequent shares; and people different numerous dangers and uncertainties recognized below the heading “Threat Components” in our most up-to-date Annual Data Type filed with the Canadian securities regulatory authorities and included in our most up-to-date Annual Report on Type 40-F filed with the U.S. Securities and Change Fee (“SEC”).

Cautionary Notice to U.S. Buyers” data-reactid=”145″>Cautionary Notice to U.S. Buyers

Cautionary Notice Relating to Non-GAAP Measures” data-reactid=”147″>Cautionary Notice Relating to Non-GAAP Measures

www.sedar.com or on our web site at www.ssrmining.com, for a extra detailed dialogue of how we calculate such measures and for a reconciliation of such measures to IFRS phrases.” data-reactid=”148″>This information launch consists of sure phrases or efficiency measures generally used within the mining business that aren’t outlined below Worldwide Monetary Reporting Requirements (“IFRS”), together with money prices and AISC per payable ounce of treasured metals bought, realized metallic costs, adjusted attributable revenue (loss) earlier than tax, adjusted attributable revenue tax (expense), adjusted web revenue (loss), adjusted attributable fundamental earnings (loss) per share and dealing capital. Non-GAAP monetary measures would not have any standardized which means prescribed below IFRS and, subsequently, they will not be akin to related measures reported by different corporations. We consider that, along with standard measures ready in accordance with IFRS, sure buyers use this info to judge our efficiency. The info introduced is meant to supply further info and shouldn’t be thought-about in isolation or as an alternative to measures of efficiency ready in accordance with IFRS. These non-GAAP measures needs to be learn at the side of our consolidated monetary statements. Readers ought to seek advice from “Non-GAAP Monetary Measures” in Part eight of our MD&A, out there below our company profile at www.sedar.com or on our web site at www.ssrmining.com, for a extra detailed dialogue of how we calculate such measures and for a reconciliation of such measures to IFRS phrases.

http://www.prnewswire.com/news-releases/ssr-mining-reports-first-quarter-2019-results-300847672.html” data-reactid=”160″>View unique content material:http://www.prnewswire.com/news-releases/ssr-mining-reports-first-quarter-2019-results-300847672.html

SOURCE SSR Mining Inc.

http://www.newswire.ca/en/releases/archive/May2019/09/c3630.html” data-reactid=”170″>View unique content material: http://www.newswire.ca/en/releases/archive/Could2019/09/c3630.html

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