SSR is moving away from a FCF generation period to a 3 year investment cycle. As part of the Sep-Q results, SSR flagged 2024 production would be lower than 2023 production as development projects are prioritised. Now expect 600-620kozpa gold equivalent (AuEq) run rates until 2027 when the Copler grind & leach for Cakmaktepe and the Hod Maden project ramp up. This 3-year investment cycle sees near term earnings and FCF significantly reduced ahead of the Feb-24 announcements of:
1) updated Technical Reports for Copler and Marigold,
2) updated Reserves (in particular Cakmaktepe) and Resources, and
3) 5 year guidance.
Despite previous plans to be a ~700kozpa AuEq producer, delays at Copler and
Marigold and a lowering of expectations at Seabee mean 700kozpa will now not be reached until 2028.
Ann: Reporting Third Quarter 2023 Results, page-7
Add SSR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.15 |
Change
0.560(8.50%) |
Mkt cap ! $31.33M | |||
| Open | High | Low | Value | Volume |
| $6.61 | $7.18 | $6.61 | $261.6K | 37.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 88 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 14300 | 8 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| SSR (ASX) Chart |