The following is a summary of the SSR Mining Inc. (SSRM) Q2 2024 Earnings Call Transcript:
Financial Performance:
SSR Mining reported second quarter 2024 production of 76,000 gold equivalent ounces at an all-in sustaining cost (AISC) of $2,116 per ounce, inclusive of care, maintenance, and remediation costs from the Copler incident.
They recorded a net income of $0.05 per share, with adjusted net income per share at $0.04, excluding mark-to-market gains.
The company has a strong cash position of $358 million, despite facing negative cash generated by operating activities of $78 million and negative free cash flow of $116 million for Q2 due to remediation and care costs.
Business Progress:
At Copler, substantial progress in remediation is reported, with over 70% of displaced heap leach material moved into temporary storage, expecting to finish cleanup by the end of the third quarter.
The brownfield exploration programs at Marigold, Seabee, and Puna are successfully advancing, supporting future production and cost targets.
Engaged in discussions and active preparations for the possible re-start of the Copler mine.
Continuation of technical studies to extend mine life at Seabee through near-mine drilling at Porky and Porky West.
Opportunities:
The company manages a significant ore stockpile at Copler, containing over 700,000 ounces of gold, promising substantial yields following potential operational restarts.
Ongoing expansion activities and site establishments at Hod Maden demonstrate prospectus towards future construction and further project expansions.
Continuous growth in exploration at Seabee and Puna aims at extending operational life and increasing production capabilities.
Risks:
More details: SSR Mining IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
以下爲SSR Mining股份有限公司(ssr mining)2024年第二季度業績會電話會議記錄摘要:
金融業績:
SSR Mining報告第二季度產量爲76000盎司黃金當量,全科營運成本(AISC)爲每盎司2116美元,包括Copler事件的保養、維護和修復成本。
他們錄得每股$0.05的淨利潤,沒有算入市場價值折價的調整後每股淨利潤爲$0.04。
儘管Q2面臨修復和保養成本導致的營運活動現金流爲負$7800萬和自由現金流爲負$11600萬,公司仍具備強勁的現金頭寸,達$35800萬。
業務進展:
在Copler,報告的修復工作取得了實質性進展,超過70%的廢棄的堆浸材料已經被轉移至臨時儲存區,預計將在第三季度末完成清理。
Marigold,Seabee和Puna的棕地探索計劃正在取得成功進展,支持未來生產和成本目標。
正在進行討論和積極準備可能重新啓動Copler礦山的工作。
繼續技術研究,通過Porky和Porky West礦井的近礦地鑽探,以延長Seabee的礦井壽命。
機會:
公司在Copler管理着大量的礦石儲量,含有超過70萬盎司的黃金,承諾在潛在的運營重啓後獲得豐厚的收益。
在Hod Maden進行持續增長的擴建活動和現場建設,展示了未來施工和進一步項目擴展的前景。
持續增長的Seabee和Puna的勘探活動旨在延長運營壽命和增加產能。
風險:
更多詳情請參閱SSR Mining IR。
提示:本文由AI生成。文章內容的準確性無法完全保證。有關更全面的詳細信息,請參閱IR網站。本文只是爲投資者提供參考,沒有任何指導或推薦建議。