SSR Mining: Q4 Earnings Snapshot

SSR Mining Inc. (SSRM) reported its Q4 2024 earnings on February 18, 2025, providing a snapshot of the company's financial performance and operational achievements. The company's Q4 2024 earnings call revealed a net income of $5.6 million, or $0.03 per diluted share, which was below the analyst estimate of $0.21 per share. However, the adjusted net income was $21.3 million, or $0.10 per diluted share. Revenue for the quarter was $323.2 million, surpassing the estimated $268.06 million. For the full year, SSR Mining reported a net loss of $261.3 million, or $(1.29) per diluted share, which was below the annual estimate of $(1.15) per share. Full-year revenue was $995.6 million, exceeding the estimated $952.91 million.



Key financial achievements for SSR Mining in 2024 include record full-year silver production at the Puna mine and reaching 5 million ounces of life-of-mine gold production at the Marigold mine. These milestones are crucial for maintaining the company's competitive position in the metals and mining industry. SSR Mining's cash and cash equivalents stood at $387.9 million as of December 31, 2024, with total liquidity of $887.5 million, maintaining a strong financial position with no outstanding borrowings. The company generated $95.0 million in operating cash flow during the fourth quarter, although the full-year free cash flow was negative at $(103.4) million due to significant reclamation and remediation expenses.

The company's mineral reserves increased by 3% to 8.0 million ounces of gold equivalent as of December 31, 2024. SSR Mining's financial performance in 2024 was heavily impacted by the Çöpler Incident and operational disruptions, but the company's ability to manage these challenges while achieving significant production milestones highlights its resilience. Looking ahead, SSR Mining's focus on free cash flow generation and strategic acquisitions, such as the CC&V Gold Mine, will be critical in navigating current challenges and enhancing shareholder value.