SSR Mining Reports Q3 Production on Track but Raises AISC Expectations Due to Cost Pressures
SSR Mining (SSR) reported that its consolidated production remains aligned with full-year guidance, bolstered by an expected strong performance at the Marigold mine in the fourth quarter. The company highlighted a significant 20-year reserve life for the Marigold operation, providing long-term visibility into its asset base. However, persistent inflationary and operational cost pressures have forced the company to adjust its financial outlook. SSR Mining now expects its full-year All-In Sustaining Costs (AISC) to be approximately 10% higher than previous guidance. This increase in costs may weigh on near-term margins despite steady production levels.
Topics: all-in sustaining costs cost pressures production guidance