Q3 2025 SSR Mining Inc Earnings Call Transcript
Key Points
- SSR Mining Inc (SSRM) generated $72 million of free cash flow before working capital adjustments, maintaining a healthy cash and liquidity profile.
- The company is on track to meet its full-year production guidance, expecting a stronger fourth quarter.
- SSR Mining Inc (SSRM) has made significant progress on key projects, including Cripple Creek and Victor, and Hog Madden, with technical reports expected soon.
- The company ended the quarter with a strong financial position, holding $409 million in cash and total liquidity of over $900 million.
- SSR Mining Inc (SSRM) has seen encouraging results from summer drill campaigns, potentially extending mine life at several sites.
- Full-year all-in sustaining costs are trending towards the high end of guidance due to higher gold prices impacting royalties and share-based compensation.
- Production is expected to be in the lower half of the full-year guidance range.
- The Marigold site encountered more fines than expected, requiring additional blending to ensure pad recovery performance.
- The CB site experienced lower than expected grades, impacting production results.
- The company is facing challenges with underground development at CB, affecting production and requiring prioritization of development activities.
Hello everyone and welcome to SSR Mining's third quarter 2025 conference call. This call is being recorded. At this time for opening remarks and introduction, I would like to turn the call over to Alex Sanchek from SSR Mining. Please go ahead.
Thank you, operator, and hello, everyone.
Thank you for joining today's conference call to discuss SSR mining's 3rd quarter financial results.
Our consultative financial statements have been presented in accordance with the US GAAP.
These financial statements have been filed on EDGA and Zdar, and they are also available on our website.
There is an online webcast accompanying this call, and you will find the information to access the webcast in this afternoon's news release and on our corporate website.
Please note that all figures discussed during the call are in US dollars unless otherwise indicated.
Today's discussion will include forward-looking statements, so please read the disclosures in the relevant documents.
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