SSR MINING INC
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 31, 2024
SSRM$28.20-4.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (unaudited)
Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net income (loss) | $(355,698) | $151,380 |
| Adjustments for: | ||
| Depreciation, depletion, and amortization | 61,409 | 91,736 |
| Reclamation and remediation costs | 200,522 | 4,346 |
| Deferred income taxes | (26,511) | (90,599) |
| Stock-based compensation | (2,974) | 3,521 |
| Equity (income) loss of affiliates | 442 | 175 |
| Change in fair value of marketable securities | (6,419) | (1,120) |
| Non-cash fair value adjustment on acquired inventories | 2,830 | 10,736 |
| Loss (gain) on sale and disposal of assets, net | (5,599) | 1,050 |
| Impairment charges | 114,230 | — |
| Change in fair value of deferred consideration | (1,536) | 2,025 |
| Loss (gain) on foreign exchange | 6,499 | 21,034 |
| Non-cash care and maintenance | 20,003 | — |
| Other operating activities | 1,966 | 850 |
| Net change in operating assets and liabilities | (62,665) | (111,824) |
| Net cash provided by (used in) operating activities | (53,501) | 83,310 |
| Investing activities | ||
| Additions to mineral properties, plant and equipment | (72,211) | (117,177) |
| Acquisitions, net (1) | — | (119,925) |
| Purchases of marketable securities | (9,626) | (2,484) |
| Net proceeds from sale of marketable securities | 8,747 | 7,845 |
| Proceeds from sale of mineral properties, plant and equipment | 4,853 | — |
| Contributions to equity method investments | (225) | — |
| Net cash used in investing activities | (68,462) | (231,741) |
| Financing activities | ||
| Repayment of debt, principal | (920) | (35,336) |
| Advance from non-controlling interest | 3,415 | — |
| Repurchase of common shares | (9,825) | (45,305) |
| Proceeds from exercise of stock options | — | 208 |
| Principal payments on finance leases | (2,002) | (1,913) |
| Dividends paid | — | (28,788) |
| Net cash used in financing activities | (9,332) | (111,134) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (2,791) | (16,738) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (134,086) | (276,303) |
| Cash, cash equivalents, and restricted cash beginning of period | 492,494 | 689,106 |
| Cash, cash equivalents, and restricted cash end of period | $358,408 | $412,803 |
| Reconciliation of cash, cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $358,307 | $379,243 |
| Restricted cash | 101 | 33,560 |
| Total cash, cash equivalents, and restricted cash | $358,408 | $412,803 |
(1)Acquisitions, net for the six months ended June 30, 2023 is comprised of $120.0 million cash paid in the acquisition of Hod Maden Project, net of cash and cash equivalents acquired.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.