Cost lowered & production hikes!

SSR Mining increased

Production at lower costs!

SSR Mining Inc reports consolidated financial results for the first quarter ended March 31, 2019. & that says increased production at lower costs. SSR Mining has achieved quarterly consolidated production of near-record 112,513 gold equivalent ounces at cash costs of $712 per payable ounce of gold sold.

Paul Benson, President and CEO said, "Pleasingly, we had a strong first quarter with near-record consolidated production of over 112,000 gold equivalent ounces at lower cash costs, driven by solid performance at all three operations. Seabee achieved record production at near-record low cash costs, while Puna production and costs benefited from a full quarter of processing higher grade Chinchillas ore and increasing by-product credits. As a result, we delivered another quarter of solid financial performance and are well positioned to achieve record production for 2019."

First Quarter 2019 remained of solid financial performance. SSR reported positive income from mine operations at all three mines totaling $30.2 million, net income of $5.7 million and adjusted attributable net income of $17.2 million or $0.14 per share.

Attempt of Low-cost record production at the Seabee Gold Operation & that Produced 31,183 ounce of gold at cash costs of $467 per payable ounce of gold sold, second lowest quarterly cash costs since acquiring the operation in 2016. Even Marigold mine too witnessed solid operating performance and that mined 17.3 million tonnes of material with strong gold production of 53,151 ounces at cash costs of $812 per payable ounce of gold sold.

During the 1Q silver production also doubled with lower costs at Puna Operations. That produced 2.4 million ounces of silver at lower cash costs of $9.94 per payable ounce of silver sold, as we processed higher grade silver ore from the Chinchillas mine.

Additionally the quarter completed Chinchillas mine to ramp up substantially. The Chinchillas mine was substantially completed during the quarter on budget. Focus is now on achieving steady state production.

Over all SSR maintained strong balance sheet at the Quarter-end cash increased to $461 million.