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RSS mining (NASDAQ:SSRM) said on Thursday it produced 623,819 ounces of gold equivalent in fiscal 2022, including more than 182K ounces of gold equivalent in the fourth quarter, to meet revised guidance targets.
Comprehensive year-round maintenance costs of $1,339 per gold equivalent oz was also in line with guidance.
For fiscal 2023, SSR Mining (SSRM) has issued guidance for total production of 700K-780K gold equivalent ounces and AISCs of $1,365-$1,425 per GEO.
In its updated three-year outlook, the miner expects to maintain an average production base of ~700K geo/yr through 2025, which it expects to deliver without significant capital investment requirements until the end of the decade.
The company said it plans to increase its 2023 exploration and resource development budget by ~50% from 2022 levels as it hopes to target acceleration of mineral resource conversion and mine life extension activities. mine in his entire portfolio.
SSR Mining (SSRM) offers “industry-leading capital returns to shareholders among its peer group and [a] strong organic growth profile,” writes Taylor Dart in an analysis published in Seeking Alpha.