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-0.00283286118980174 -0.00113314447592066 -0.000566572237960428 0.00113314447592066 -0.00793201133144479 -0.00679886685552413 -0.0167138810198301 -0.0232294617563739
Stock impact report

SSR Mining: Dealing With A Higher Gold Price But At Lower Production [Seeking Alpha]

SSR Mining Inc. (SSRM) 
Last ssr mining inc. earnings: 2/20 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ssrmining.com/investors/default.aspx
Company Research Source: Seeking Alpha
SummarySSR Mining is now down to one producing asset (Marigold), and its cash flows now have to support the entire company.With two mines closed, the original 2020 guidance is now worthless, and the company is trying to weather the storm as well as possible.Fortunately, the balance sheet remains in an excellent position with approximately $400 million in cash (and $170 million in debt).IntroductionBack in January, I was positive aboutSSRMstrong gold outputA quick look at the 2019 financial performanceWhile the novel coronavirus has a big impact on the 2020 guidance which had to be withdrawn after two mines were shut down, it does make sense to have a look back at the FY 2019 results, as these provide a good overview of SSR Mining’s potential in normalized circumstances.Selling a total of421,828 ounces gold-equivalenttotal revenue of $607 million(Source: Financial Statements)With a pre-tax income of $86.1 million and a net income of $55.8 million, SSR Mining clearly performed much bett Show less Read more
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