Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Canada-based SSR Mining’s lead production rose in 2019 by 671pc to 23.95mn lb (10,860mt) from 3.10mn lb in the prior year. The company has lowered its guidance for 2020.

Operating guidance
Lead production (000′ lb)21,000 – 24,000
Zinc production (000′ lb)7,000 – 9,000

In 2019, the company’s lead and zinc production rose substantially. Sales volume also rose for the year as compared to 2018. The increase in sales is mainly due to an increase in production. In 2019, the company’s Chinchillas mine represented the first full year of production. Also, the ramp-up of Puna mine contributed to the production growth of lead and zinc. 

Production and sales 20192018Pc Change
Lead produced (000′ lb)23,9573,107671pc
Lead sold (000′ lb)24,1191,0582180pc
Zinc produced (000′ lb)8,3928,775-4pc
Zinc Sold (000′ lb)14,0722,365495pc

SSR Mining posted revenue of $606.85mn in 2019, up by 44pc from $420.67mn in the year prior. Operating income was $170.88mn in 2019, substantially up from $76.84mn in 2018. The company posted a net profit of $55.75mn in 2019, while in the prior year the company posted a loss of $31,000.

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