Stock News Buzz: SSR Mining Inc. (NASDAQ:SSRM)

On Tuesday SSR Mining Inc. (NASDAQ:SSRM) stock recorded daily change of -2.93% to close at $13.9 with the total traded volume of 1494363 shares along average volume of 989829 shares 52 week range of the stock remained $ 9.65 – 17.56 while its day low price was $13.52 and its hit its day high price at $14.13. Its previous closing value stands at $14.32. SSRM total market capitalization is $1688043753. Currently stocks EPS is $0.05 while its price to earnings ratio is 264.41

On Nov. 5, 2019, SSR Mining Inc. (NASDAQ:SSRM) reports consolidated financial results for the third quarter ended September 30, 2019.

Paul Benson, President and CEO said, We delivered another strong quarter, with increased production at lower cash costs, which positions us well to meet or exceed guidance for the eighth consecutive year. Our strong operating performance resulted in improved margins, earnings, operating cash flow and free cash flow. Notably, we have an incredibly strong financial position with over half a billion dollars in cash and marketable securities.

Third Quarter 2019 Highlights:

(All figures are in U.S. dollars unless otherwise noted)

  • Strong financial performance: Reported positive income from mine operations at all operations totaling $51.9 million, net income of $18.1 million and adjusted attributable net income of $28.4 million, or $0.23 per share. (1)
  • On track for higher annual gold equivalent production: Achieved quarterly consolidated production of 104,775 gold equivalent ounces at cash costs of $759 per payable ounce of gold sold. (1)
  • Record production and cash costs at the Seabee Gold Operation: Produced a record 32,345 ounces of gold at record low cash costs of $373 per payable ounce of gold sold under SSR Mining management. Achieved higher gold recovery of 98.8% and gold grade of 12.4 g/t, quarterly records for the operation under our ownership. (1)
  • Strong operating performance at the Marigold mine: Produced 52,968 ounces of gold at lower cash costs of $822 per payable ounce of gold sold. Stacked 6.4 million tonnes of ore at a higher quarterly gold grade of 0.51 g/t. Total material mined was over 19 million tonnes, continuing to demonstrate strong and efficient operating practices. (1)
  • Improved production at Puna Operations: Increased silver mill feed grade and recovery led to 1.7 million ounces of silver production at cash costs of $14.22 per payable ounce of silver sold. Ore mined was significantly higher than ore milled, increasing the ore stockpile in advance of the rainy season. (1)

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