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SSR Mining Inc

www: www.ssrmining.com   email: invest@ssrmining.com
Category: Emerging Major
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Symbol Data

Symbol Currency
NASDAQ:SSRM USD
TSE:SSRM CAD

Description

SSR Mining Inc are a gold focused emerging 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 400koz. 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 ~$2780.98M which is a rise of roughly 128% over the last nine months. As of 10/03/2024 they have ~$230M debt and ~$358M cash. They have 202M shares outstanding and trade on the NASDAQ Stock Exchange and the Toronto Stock Exchange.

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General Details

Financial 10/03/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $1,217.47M $2,780.98M 10/03/2024
Total Assets: $2,000.00M $2,000.00M 10/03/2024
Total Liabilities: $650.00M $650.00M 10/03/2024
Current Assets: $600.00M $600.00M 10/03/2024
Current Liabilities: $100.00M $100.00M 10/03/2024
Total Debt: $230.00M $230.00M 10/03/2024
Cash: $358.00M $358.00M 10/03/2024
Enterprise Value: $1,089.47M $2,652.98M 01/25/2054
Cash Flow: $319.06M $451.82M never
Cash Flow Multiple: 3.82 6.16 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: 10/03/2024
Misc 10/03/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 202,102,245 202,102,245 10/03/2024
Shares (FD): 211,000,000 211,000,000 10/03/2024
Insider Ownership: n/a n/a never
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a n/a 10/03/2024
Production (Gold Eq Oz.): (guess) 
350,000		 (guess) 
400,000		 11/07/2024
Production (Silver Eq Oz.): (guess) 
28,984,443		 (guess) 
35,878,879		 11/07/2024
Initial CapEx (Outstanding): n/a n/a 10/03/2024
Funding Option: n/a n/a 10/03/2024
Documentation: none PRODUCER 02/01/2025
Future MCap Modifier: 0.25
Producer: Quality
 0.25
Producer: Quality
 04/24/2023
Cash Flow Multiplier: 10 10 03/31/2024

Resource Data

GOLD 10/03/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 9.00M 9.00M 10/03/2024
Measured & Indicated: 27.00M 27.00M 10/03/2024
Inferred: 10.00M 10.00M 10/03/2024
Reserves & Resources: 37.00M 37.00M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: 7.65M 7.65M 10/03/2024
Measured & Indicated: 19.89M 19.89M 10/03/2024
Inferred: 4.25M 4.25M 10/03/2024
Reserves & Resources: 24.14M 24.14M never
C
U
R
R
E
N
T		 Annual Production: (guess) 
350,000oz.		 (guess) 
400,000oz.		 11/07/2024
Cash Cost: $1,250 $1,600 11/07/2024
Extra Operating Cost: $500 $600 11/07/2024
Total: $1,750 $2,200 11/07/2024
Margin (Free Cash Flow): $912 (34%) $1,130 (34%)
G
R
A
D
E		 Underground (Avg): 6.00 g/t 6.00 g/t 10/03/2024
Open Pit (Avg): n/a 1.50 g/t 03/19/2024
Recovery Rate: (CG)  85.00% (CG)  85.00% 02/01/2025
F
U
T
U
R
E		 Proven & Probable: 25.00M 25.00M 10/03/2024
Annual Production: 700,000oz. 700,000oz. 10/03/2024
Cash Cost: $1,100 $1,200 11/07/2024
Extra Operating Cost: $550 $550 10/03/2024
SILVER 10/03/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 10/03/2024
Measured & Indicated: n/a n/a 10/03/2024
Inferred: n/a n/a 10/03/2024
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 10/03/2024
Measured & Indicated: n/a n/a 10/03/2024
Inferred: n/a n/a 10/03/2024
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 10/03/2024
Extra Operating Cost: n/a n/a 10/03/2024
Total: n/a n/a 10/03/2024
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 10/03/2024
Open Pit (Avg): n/a n/a 10/05/2023
Recovery Rate: n/a n/a 10/03/2024
F
U
T
U
R
E		 Proven & Probable: n/a n/a 10/03/2024
Annual Production: n/a n/a 10/03/2024
Cash Cost: n/a n/a 10/03/2024
Extra Operating Cost: n/a n/a 10/03/2024

Property

Last Analysis Data  (10/03/2024)
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		 10/03/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 9.00M 9.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 7.65M 7.65M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $6,973.74M $8,641.13M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $6,973.74M $8,641.13M n/a
Max Profit / Current MCap: 5.728 3.107 n/a
Max Profit Per Share (Gold): $33.05 $40.95 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $33.05 $40.95 n/a
Total Free Profit Per Share: $27.28 $27.77 n/a
FD MCap / Gold Eq.: $159.15 $363.53 n/a
FD MCap / Silver Eq.: $1.92 $4.05 n/a
FD MCap / Per Metal
as % Spot Price:		 5.98% 10.92% n/a
Measured &
Indicated		 10/03/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 27.00M 27.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 19.89M 19.89M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $18,131.72M $22,466.95M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $18,131.72M $22,466.95M n/a
Max Profit / Current MCap: 14.893 8.079 n/a
Max Profit Per Share (Gold): $85.93 $106.48 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $85.93 $106.48 n/a
Total Free Profit Per Share: $80.16 $93.30 n/a
FD MCap / Gold Eq.: $61.21 $139.82 n/a
FD MCap / Silver Eq.: $0.74 $1.56 n/a
FD MCap / Per Metal
as % Spot Price:		 2.30% 4.20% n/a

Reserves &
Resources		 10/03/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 37.00M 37.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 24.14M 24.14M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $22,006.02M $27,267.58M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $22,006.02M $27,267.58M n/a
Max Profit / Current MCap: 18.075 9.805 n/a
Max Profit Per Share (Gold): $104.29 $129.23 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $104.29 $129.23 n/a
Total Free Profit Per Share: $98.52 $116.05 n/a
FD MCap / Gold Eq.: $50.43 $115.20 n/a
FD MCap / Silver Eq.: $0.61 $1.28 n/a
FD MCap / Per Metal
as % Spot Price:		 1.89% 3.46% n/a

Future Valuation (Cash Flow & Totals)

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