SSR Mining Inc. (NASDAQ:SSRM) Q3 2023 Earnings Call Transcript

Edward Farid: Yes.

Michael Siperco: Okay. Is there still a scenario being considered where you could see, let’s say, full speed production on the leach pads for the next couple of years while you get the expansion done at the plant, or is that something that’s already been caused as a consideration?

Edward Farid: Look, the preliminary work we’re seeing at the moment, and again, this is work-in-progress, indicates that it is more accretive to wait for the grind leach circuit to get to full run rate levels. As that work is tied up, if the conclusions change for any reason, certainly we’ll evaluate the other option. But at this stage, we’re working under the impression that we’ll be building the grind leach circuit.

Michael Siperco: Okay. Last one for me. Just a comment on if we’re talking about 2024 now, any comment on Seabee, given the lower production this year, should we expect an impact versus the 2024 outlook for Seabee as well?

Edward Farid: Yes. Let me pass that over to Bill.

Bill MacNevin: Yes. I think I made reference to the fact that Seabee has been a fabulous mine, particularly in the Santoy area. And whilst we’re continuing to mine there and we’re continuing to do some exploration, we see ourselves on the edge and that’s where the higher grade was coming from. So what that will mean is a reduction we expect to stay around that 80,000 koz part and what we’re doing is we’re ramping up our mining rates and ramping up our processing rates to keep it at those levels. That is a slight reduction versus what we were projecting last year. I think it’s down about 10%. And we’re completing that work at the moment to pull it together, but it will be a reduction, but not major.

Michael Siperco: Okay. Great. Thank you very much, all.

Edward Farid: Thanks Mike.

Operator: This concludes the question-and-answer session. I would like to turn the conference back over to Mr. Farid.

Edward Farid: Thank you, operator, and thank you to everyone for participating. Have a great day.

Operator: This concludes today’s conference call. You may disconnect your lines. Thank you for participating and have a pleasant day.