SSR to acquire Alacer Gold in $1.7bn all-stock deal
The merger would create a diversified precious metals producer with assets spanning four countries.
The merger would create a diversified precious metals producer with assets spanning four countries.
The company plans to ramp up gold production to 230,000 oz annually by 2023.
First-quarter revenue of $554.7 million jumped 82% from $304.9 million in the year-ago period.
Dispute with PNG over Porgera mine has done what a pandemic did not — dent the gold miner’s expected output for the year.
Company said the strike at Tasiast gold mine is "opportunistic."
The 11.2 MW solar project has an estimated capital cost of $8 million.
Company achieved target production in Q1 with 170,000 ounces, down 3,000 ounces from the same prior year period.
Company announced adjusted earnings of $25.9 million up from $16.5 million in the same period of 2019.
Gold production for 2020 is expected to be 1.63 to 1.73 million ounces, compared to withdrawn guidance of 1.875 million ounces.
This is the third dividend increase announced by the company over the past year.