SSR MINING INC
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (unaudited)
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Operating activities | |||
| Net income (loss) | $(349,447) | $144,135 | |
| Adjustments for: | |||
| Depreciation, depletion, and amortization | 91,852 | 147,727 | |
| Reclamation and remediation costs | 280,146 | 6,519 | |
| Payments for reclamation and remediation liabilities | (126,848) | (1,249) | |
| Deferred income taxes | (31,676) | (32,233) | |
| Stock-based compensation | 562 | 6,287 | |
| Change in fair value of marketable securities | (6,749) | (565) | |
| Non-cash fair value adjustment on acquired inventories | 2,830 | 12,986 | |
| Write-down (recovery) of leach pad inventory | (274) | 6,305 | |
| Loss (gain) on sale and disposal of assets, net | (5,133) | 1,610 | |
| Impairment charges | 114,599 | 2,637 | |
| Change in fair value of deferred consideration | (2,208) | 1,673 | |
| Other taxes | 4,865 | — | |
| Loss (gain) on foreign exchange | 10,448 | 39,842 | |
| Non-cash care and maintenance | 35,157 | — | |
| Other operating activities | 4,648 | 561 | |
| Net change in operating assets and liabilities | (77,621) | (117,669) | |
| Net cash provided by (used in) operating activities | (54,849) | 218,566 | |
| Investing activities | |||
| Additions to mineral properties, plant and equipment | (104,961) | (164,633) | |
| Acquisitions, net (1) | — | (119,925) | |
| Purchases of marketable securities | (22,262) | (3,828) | |
| Net proceeds from sale of marketable securities | 19,268 | 8,258 | |
| Proceeds from sale of mineral properties, plant and equipment | 4,853 | — | |
| Contributions to equity method investments | (454) | — | |
| Other investing activities | — | (83) | |
| Net cash used in investing activities | (103,556) | (280,211) | |
| Financing activities | |||
| Repayment of debt, principal | (920) | (71,153) | |
| Proceeds from the issuance of debt, related party | 18,375 | 4,500 | |
| Repurchase of common shares | (9,825) | (45,305) | |
| Proceeds from exercise of stock options | — | 208 | |
| Principal payments on finance leases | (3,020) | (2,889) | |
| Dividends paid | — | (43,167) | |
| Net cash provided by (used in) financing activities | 4,610 | (157,806) | |
| Effect of foreign exchange rate changes on cash and cash equivalents | (4,358) | (31,880) | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (158,153) | (251,331) | |
| Cash, cash equivalents, and restricted cash beginning of period | 492,494 | 689,106 | |
| Cash, cash equivalents, and restricted cash end of period | $334,341 | $437,775 | |
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Reconciliation of cash, cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $334,341 | $437,675 |
| Restricted cash | — | 100 |
| Total cash, cash equivalents, and restricted cash | $334,341 | $437,775 |
(1)Acquisitions, net for thenine months ended September 30, 2023 is comprised of $120.0 million cash paid in the acquisition of Hod Maden Project, net of cash and cash equivalents acquired.
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