The share price for SSR Mining (ASX:SSR) has risen over 4% today in early afternoon trades to $31.15ps as the company reveals it produced 173,675 ounces of gold in Q1 CY22.
SSR Mining also distributed a dividend of 0.07cps payable June 9 2022 to holders of record at the close of business on May 13 2022.
Its aggregate production for the quarter puts together production measurements from SSR Mining's four mining projects: the Çöpler Project in Turkey; Marigold in the US, the Seabee development in Canada, and, the Puna project in Argentina.
Notably, SSR Mining has produced a record 52,582oz of gold from the Seabee development in Canada at an AISC of $596 per oz with processed grades above plan at 17.8g/t.
On-site Seabee, the company continues to explore a "very high grade" zone outside the known Seabee mineral reserve first mined in Q2 of CY21.
Activities continue as SSR Mining seeks to further define the extension limits of this additional area of interest; the company suspects grades will return closer to plan of 9.2g/t for the remainder of 2022 production.
This record production of gold was the product of upgrades to mine performance in the first quarter, allowing for a record of 103,000 tonnes of ore mined.
SSR Mining also notes it produced 1.3Moz of silver from Puna, Argentia, at cash costs of $13.06/oz in Q1 of the calendar year and AISC of $14.67.
The Puna silver mine in South America remains on track to achieve its full-year guidance.
During the quarter, SSR Mining also completed its plan of arrangement to acquire all issued and outstanding shares of Canada-based Taiga Gold Corp, which is listed on the Canadian Securities Exchange.
The transaction saw SSR Mining consolidate a 100% interest in the Fisher property adjacent to the Seabee gold mine, eliminating a 2.5% royalty attached to the Fisher acreage and adding five new properties equalling over 29,100 hectares of additional acreage.
SSR Mining's total Saskatchewan assets now cover a total area of 131,150 hectares.
SSR Mining also sold off its Pitarilla silver project in Mexico, Durango, to New York Securities Exchange-listed Endeavour Silver Corp for a total consideration of up to $127m.
The sale consideration includes $35m in cash, $35m in NYSE-traded Endeavour shares, and the retention of a 1.25% NSR royalty on the Pitarilla property.
The transaction remains subject to approval of the Mexican Federal Economic Competition Commission.
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