SSR Mining reports net income of $30M in first quarter; gold equivalent production down 15% y-o-y

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SSR Mining reports net income of $30M in first quarter; gold equivalent production down 15% y-o-y SSRMining

- SSR Mining today reported Q1 2023 production of 146,894 gold equivalent ounces, a decrease of 15% compared to Q1 2022 .

"As previously guided, the first quarter is expected to represent the lowest quarter of production for 2023," SSR Mining said. Attributable net income in the first quarter of 2023 was $29.8 million , and adjusted attributable net income was $21.3 million . Importantly, the company noted it is on track to achieve its full-year 2023 consolidated production guidance of 700 to 780 thousand 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.

 

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