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SSR Mining reports strong results, declares inaugural dividend

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(Kitco News) - SSR Mining (NASDAQ: SSRM; TSX: SSRM, ASX:SSR) announced today a fourth quarter 2020 attributable net income of $89.0 million, or $0.41 per share, and adjusted attributable net income of $108.8 million, or $0.50 per share. The company said it generated cash flows from operating activities of $217.4 million and free cash flow of $157.0 million in Q4 2020.

SSR Mining added that it had delivered a record Q4 2020 production of 220,432 gold equivalent ounces at AISC of $976 per gold equivalent ounce, exiting the year with strong operational momentum.

The company’s cash and cash equivalents and consolidated cash balances at year-end increased to $860.6 million and $897.0 million, respectively. Cash and cash equivalents increased by $127.1 million during the fourth quarter. The company’s Board declared inaugural quarterly cash dividend of $0.05 per share.

In 2021, SSR Mining expects to produce, on a consolidated basis, 720,000 to 800,000 gold-equivalent ounces at consolidated AISC of $1,050 to $1,110 per gold
equivalent ounce.

SSR Mining is a leading, free cash flow focused intermediate gold company with four producing assets located in the USA, Turkey, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets in the USA, Turkey, Mexico, Peru, and Canada.

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