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SSR Mining Inc

www: www.ssrmining.com   email: invest@ssrmining.com
Category: Major
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Symbol Currency
NASDAQ:SSRM USD
TSE:SSRM CAD

Description

SSR Mining Inc are a gold focused major with four producing mines in Argentina, Canada, Turkey and USA, three mines in development in Mexico, Peru and Turkey and exploration properties. Currently they produce roughly 750koz. of gold per year. They have approximately 37Moz. of gold in the reserves and resources category of which 27Moz. are in the measured and indicated category. They have a market capitalisation of ~$2529.89M which is a fall of roughly 5% over the last two months. As of 10/05/2023 they have ~$266M debt and ~$379M cash. They have 204M shares outstanding and trade on the NASDAQ Stock Exchange and the Toronto Stock Exchange.

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General Details

Financial 10/05/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $2,664.93M $2,529.89M 10/05/2023 $-135.04M
Total Assets: $2,000.00M $2,000.00M 10/05/2023 $0.00M
Total Liabilities: $650.00M $650.00M 10/05/2023 $0.00M
Current Assets: $600.00M $600.00M 10/05/2023 $0.00M
Current Liabilities: $100.00M $100.00M 10/05/2023 $0.00M
Total Debt: $266.00M $266.00M 10/05/2023 $0.00M
Cash: $379.00M $379.00M 10/05/2023 $0.00M
Enterprise Value: $2,551.93M $2,416.89M 08/03/2046 $-135.04M
Cash Flow: $166.58M $353.48M never $186.90M
Cash Flow Multiple: 16.00 7.16 never -8.84
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 10/05/2023 n/a
Misc 10/05/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 204,000,000 204,000,000 10/05/2023 0
Shares (FD): 211,000,000 211,000,000 10/05/2023 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 10/05/2023 n/a
Production (Gold Eq Oz.): (guess) 
750,000
(guess) 
750,000
10/05/2023 0
Production (Silver Eq Oz.): (guess) 
65,106,003
(guess) 
61,064,269
10/05/2023 -4,041,734
Initial CapEx (Outstanding): n/a n/a 10/05/2023 n/a
Funding Option: n/a n/a 10/05/2023 n/a
Documentation: none PRODUCER 11/19/2023 n/a
Future MCap Modifier: 0.25
Producer: Quality
0.25
Producer: Quality
04/24/2023 0
Cash Flow Multiplier: 15 15 10/05/2023 0.00

Resource Data

GOLD 10/05/2023
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 9.00M 9.00M 10/05/2023 0.00M
Measured & Indicated: 27.00M 27.00M 10/05/2023 0.00M
Inferred: 10.00M 10.00M 10/05/2023 0.00M
Reserves & Resources: 37.00M 37.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 7.20M 7.20M 10/05/2023 0.00M
Measured & Indicated: 18.72M 18.72M 10/05/2023 0.00M
Inferred: 4.00M 4.00M 10/05/2023 0.00M
Reserves & Resources: 22.72M 22.72M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
750,000oz.
(guess) 
750,000oz.
10/05/2023 0oz.
Cash Cost: $1,100 $1,100 10/05/2023 $0.00
Extra Operating Cost: $500 $500 10/05/2023 $0.00
Average Grade: 0.90 g/t 0.90 g/t 10/05/2023 n/a
Recovery Rate: (CG)  80.00% (CG)  80.00% 11/19/2023 0.00%
F
U
T
U
R
E
Proven & Probable: 25.00M 25.00M 10/05/2023 0.00M
Annual Production: 750,000oz. 750,000oz. 10/05/2023 0oz.
Cash Cost: $1,100 $1,100 10/05/2023 $0
Extra Operating Cost: $500 $500 10/05/2023 $0
SILVER 10/05/2023
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 10/05/2023 0.00M
Measured & Indicated: n/a n/a 10/05/2023 0.00M
Inferred: n/a n/a 10/05/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 10/05/2023 0.00M
Measured & Indicated: n/a n/a 10/05/2023 0.00M
Inferred: n/a n/a 10/05/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 10/05/2023 $0.00
Extra Operating Cost: n/a n/a 10/05/2023 $0.00
Average Grade: n/a n/a 10/05/2023 n/a
Recovery Rate: n/a n/a 10/05/2023 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 10/05/2023 0.00M
Annual Production: n/a n/a 10/05/2023 n/a
Cash Cost: n/a n/a 10/05/2023 n/a
Extra Operating Cost: n/a n/a 10/05/2023 n/a

Property

Last Analysis Data  (10/05/2023)
Stage Name Owned Au Ag Cu Notes
Prod Puna (Pirquitas & Chinchillas) 100% show
2017 last year production for Pirquitas open pit.

Facilities now being used to process ore from Chinchillas property.

2019 Start of production for Chinchillas open pit.

5 years of mining to 2026 including average annual production of 7.0 million ounces of silver over the first 5 years.
Prod Seabee / Santoy 8 100% show
High grade underground mine at 5.5 gpt.

1.2 million oz deposit

75,000 production

$700 cash costs
Exp Amisk 100% show
Very large property

1 million oz open pit project

There next mine. Still early stage development.
Exp Chico 100% show
Obtained 100% interest in property with Taiga Gold acquisition in December, 2021
Exp Fisher 100% show
Obtained 100% interest in property with Taiga Gold acquisition in December, 2021
Exp Leland 100% show
Early exploration
Exp Orchid 100% show
Early exploration
Exp SAM 100% show
Early exploration
Exp Sunrise Lake 100% n/a
Dev Pitarrilla 1% show
NOTE:
Sold to Endeavour Silver Corp. for US$35 million in cash, US$35 million in shares of Endeavour Silver Corp., and a 1.25% net smelter return royalty


Huge project. 15 million oz of production for 32 years.

This will likely be the mine that makes or the company a success for shareholders.

Large capex of $750 million. Production in 2016.

475 million oz deposit (Reserves!). at 3 opt.

On hold because they do not have water rights.
Exp San Marcial 1% show
Sold to GR Silver for C$2.5 million who issued 1.5 million shares to SSR Mining, and SSR granted a 0.75% net smelter return royalty
Dev San Luis 100% show
Small project, but exploration potential. Currently a 4 yr mine life. High grade.
Prod Copler 80% show
6 million oz deposit at 1.1 gpt (there share)

Currently mining open pit oxides at about 135,000 oz until 2020.
Dev Çakmaktepe 80% n/a
Exp Çöpler Saddle Shear Zone 80% n/a
Exp Copper Hill 70% n/a
Exp Mavialtin Porphyry Belt 80% show
previously called Karakartal
Prod Marigold 100% show
8 million oz deposit at .5 gpt

150,000 oz production.

All-in Costs around $1100 per oz.

Purchased from Barrick in 2013.
Total Land Package Size (ha): 113,600  
Current Data
Stage Name Owned Au Ag Cu Notes
Prod Puna (Pirquitas & Chinchillas) 100% show
2017 last year production for Pirquitas open pit.

Facilities now being used to process ore from Chinchillas property.

2019 Start of production for Chinchillas open pit.

5 years of mining to 2026 including average annual production of 7.0 million ounces of silver over the first 5 years.
Prod Seabee / Santoy 8 100% show
High grade underground mine at 5.5 gpt.

1.2 million oz deposit

75,000 production

$700 cash costs
Exp Amisk 100% show
Very large property

1 million oz open pit project

There next mine. Still early stage development.
Exp Chico 100% show
Obtained 100% interest in property with Taiga Gold acquisition in December, 2021
Exp Fisher 100% show
Obtained 100% interest in property with Taiga Gold acquisition in December, 2021
Exp Leland 100% show
Early exploration
Exp Orchid 100% show
Early exploration
Exp SAM 100% show
Early exploration
Exp Sunrise Lake 100% n/a
Dev Pitarrilla 1% show
NOTE:
Sold to Endeavour Silver Corp. for US$35 million in cash, US$35 million in shares of Endeavour Silver Corp., and a 1.25% net smelter return royalty


Huge project. 15 million oz of production for 32 years.

This will likely be the mine that makes or the company a success for shareholders.

Large capex of $750 million. Production in 2016.

475 million oz deposit (Reserves!). at 3 opt.

On hold because they do not have water rights.
Exp San Marcial 1% show
Sold to GR Silver for C$2.5 million who issued 1.5 million shares to SSR Mining, and SSR granted a 0.75% net smelter return royalty
Dev San Luis 100% show
Small project, but exploration potential. Currently a 4 yr mine life. High grade.
Prod Copler 80% show
6 million oz deposit at 1.1 gpt (there share)

Currently mining open pit oxides at about 135,000 oz until 2020.
Dev Çakmaktepe 80% n/a
Exp Çöpler Saddle Shear Zone 80% n/a
Exp Copper Hill 70% n/a
Exp Mavialtin Porphyry Belt 80% show
previously called Karakartal
Prod Marigold 100% show
8 million oz deposit at .5 gpt

150,000 oz production.

All-in Costs around $1100 per oz.

Purchased from Barrick in 2013.
Total Land Package Size (ha): 113,600  

Profitability (by resource)

Proven &
Probable
10/05/2023
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 9.00M 9.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -48.50M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 7.20M 7.20M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -38.80M
Maximum Profit (Gold): $1,599.12M $3,393.36M n/a $1,794.24M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,599.12M $3,393.36M n/a $1,794.24M
Max Profit / Current MCap: 0.600 1.341 n/a 0.741
Max Profit Per Share (Gold): $7.58 $16.08 n/a $8.50
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $7.58 $16.08 n/a $8.50
Total Free Profit Per Share: $0.00 $4.09 n/a $4.09
FD MCap / Gold Eq.: $370.13 $351.37 n/a $-18.76
FD MCap / Silver Eq.: $4.26 $4.32 n/a $0.05
FD MCap / Per Metal
as % Spot Price:
20.31% 16.96% n/a -3.35%
Measured &
Indicated
10/05/2023
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 27.00M 27.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -145.50M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 18.72M 18.72M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -100.88M
Maximum Profit (Gold): $4,157.71M $8,822.74M n/a $4,665.02M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $4,157.71M $8,822.74M n/a $4,665.02M
Max Profit / Current MCap: 1.560 3.487 n/a 1.927
Max Profit Per Share (Gold): $19.70 $41.81 n/a $22.11
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $19.70 $41.81 n/a $22.11
Total Free Profit Per Share: $7.07 $29.82 n/a $22.75
FD MCap / Gold Eq.: $142.36 $135.14 n/a $-7.21
FD MCap / Silver Eq.: $1.64 $1.66 n/a $0.02
FD MCap / Per Metal
as % Spot Price:
7.81% 6.52% n/a -1.29%

Reserves &
Resources
10/05/2023
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 37.00M 37.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -199.39M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 22.72M 22.72M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -122.44M
Maximum Profit (Gold): $5,046.11M $10,707.94M n/a $5,661.82M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $5,046.11M $10,707.94M n/a $5,661.82M
Max Profit / Current MCap: 1.894 4.233 n/a 2.339
Max Profit Per Share (Gold): $23.92 $50.75 n/a $26.83
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $23.92 $50.75 n/a $26.83
Total Free Profit Per Share: $11.29 $38.76 n/a $27.47
FD MCap / Gold Eq.: $117.29 $111.35 n/a $-5.94
FD MCap / Silver Eq.: $1.35 $1.37 n/a $0.02
FD MCap / Per Metal
as % Spot Price:
6.44% 5.38% n/a -1.06%

Future Valuation (Cash Flow & Totals)

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