Q1 2025 SSR Mining Inc Earnings Call Transcript
Key Points
- SSR Mining Inc (SSRM) reported a strong start to 2025 with nearly $40 million in free cash flow generation.
- The integration of Cripple Creek & Victor (CC&V) into SSR Mining's portfolio has been smooth, adding a core asset with significant potential.
- SSR Mining Inc (SSRM) issued full-year 2025 operating guidance, indicating a year-over-year increase in production.
- The company maintains a strong liquidity position with over $800 million, supporting capital requirements across the business.
- Seabee and Puna operations reported excellent production results, contributing positively to the company's overall performance.
- All-in sustaining costs (AISC) were high at $1,972 per ounce, or $1,749 per ounce excluding costs at Öpler.
- The restart of operations at Öpler remains uncertain, with no specific timeline for receiving necessary permits.
- Hod Maden project faces inflationary pressures, with capital costs expected to increase by 10% to 15% annually.
- The technical report for Cripple Creek & Victor is not expected until Q3, leaving some uncertainty in the market.
- Care and maintenance costs at Öpler amounted to approximately $36 million, impacting overall financial results.
Hello, everyone, and welcome to SSR Mining's first-quarter 2025 conference call. Please be advised that this call is being recorded. (Operator Instructions)
At this time, for opening remarks and introductions, I would like to turn the call over to Alex Hunchak 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 first quarter financial results. Our consolidated financial statements have been presented in accordance with US GAAP. These financial statements have been filed on EDGAR, SEDAR, 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
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