40-F Filing

SSR MINING INC. CIK: 921638 FY 2017

Filing Information

Form Type	40-F
Accession Number	`0000921638-18-000026`
Period End Date	20171231
Filing Date	20180322
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	ssrm-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 40 Cash Flow Statement 72 Stockholders Equity 17 Comprehensive Income 18

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalents`	$211.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	$459.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	$327.13M	USD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	$58.44M	USD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	$38.05M	USD	Point-in-time
Marketable securities	`CurrentFinancialAssetsAtFairValueThroughOtherComprehensiveIncome`	$114.00M	USD	Point-in-time
Marketable securities	`CurrentFinancialAssetsAtFairValueThroughOtherComprehensiveIncome`	$148.94M	USD	Point-in-time
Inventory	`Inventories`	$154.91M	USD	Point-in-time
Inventory	`Inventories`	$182.58M	USD	Point-in-time
Held for sale	`CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners`	$12.10M	USD	Point-in-time
Held for sale	`CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners`	$1.42M	USD	Point-in-time
Other	`OtherCurrentAssets`	$3.68M	USD	Point-in-time
Other	`OtherCurrentAssets`	$2.72M	USD	Point-in-time
Current assets	`CurrentAssets`	$799.60M	USD	Point-in-time
Current assets	`CurrentAssets`	$704.24M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	$658.63M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	$663.83M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssets`	-	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssets`	$1.10M	USD	Point-in-time
Goodwill	`Goodwill`	$49.79M	USD	Point-in-time
Goodwill	`Goodwill`	$49.79M	USD	Point-in-time
Other	`OtherNoncurrentAssets`	$19.74M	USD	Point-in-time
Other	`OtherNoncurrentAssets`	$29.44M	USD	Point-in-time
Total assets	`Assets`	$1.44B	USD	Point-in-time
Total assets	`Assets`	$1.54B	USD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	$60.15M	USD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	$61.50M	USD	Point-in-time
Provisions	`CurrentProvisions`	$11.31M	USD	Point-in-time
Provisions	`CurrentProvisions`	$82.81M	USD	Point-in-time
Current liabilities	`CurrentLiabilities`	$71.47M	USD	Point-in-time
Current liabilities	`CurrentLiabilities`	$144.31M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilities`	$116.89M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilities`	$114.58M	USD	Point-in-time
Provisions	`NoncurrentProvisions`	$55.56M	USD	Point-in-time
Provisions	`NoncurrentProvisions`	$94.30M	USD	Point-in-time
Debt	`LongtermBorrowings`	$220.05M	USD	Point-in-time
Debt	`LongtermBorrowings`	$233.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$536.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$513.53M	USD	Point-in-time
Share capital	`IssuedCapital`	$1.05B	USD	Point-in-time
Share capital	`IssuedCapital`	$1.04B	USD	Point-in-time
Other reserves	`OtherReserves`	$25.00M	USD	Point-in-time
Other reserves	`OtherReserves`	$-1.01M	USD	Point-in-time
Equity component of convertible notes	`ReserveOfEquityComponentOfConvertibleInstruments`	$68.35M	USD	Point-in-time
Equity component of convertible notes	`ReserveOfEquityComponentOfConvertibleInstruments`	$68.35M	USD	Point-in-time
Deficit	`RetainedEarnings`	$-209.01M	USD	Point-in-time
Deficit	`RetainedEarnings`	$-139.69M	USD	Point-in-time
Total shareholders' equity attributable to SSR Mining shareholders	`EquityAttributableToOwnersOfParent`	$901.88M	USD	Point-in-time
Total shareholders' equity attributable to SSR Mining shareholders	`EquityAttributableToOwnersOfParent`	$1.00B	USD	Point-in-time
Non-controlling interest	`NoncontrollingInterests`	$23.04M	USD	Point-in-time
Non-controlling interest	`NoncontrollingInterests`	-	USD	Point-in-time
Total equity	`Equity`	$1.02B	USD	Point-in-time
Total equity	`Equity`	$901.88M	USD	Point-in-time
Total equity	`Equity`	$447.18M	USD	Point-in-time
Total liabilities and equity	`EquityAndLiabilities`	$1.44B	USD	Point-in-time
Total liabilities and equity	`EquityAndLiabilities`	$1.54B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenue`	$490.99M	USD	Annual
Revenue	`Revenue`	$448.77M	USD	Annual
Cost of sales	`CostOfSales`	$335.51M	USD	Annual
Cost of sales	`CostOfSales`	$336.98M	USD	Annual
Income from mine operations	`GrossProfit`	$113.26M	USD	Annual
Income from mine operations	`GrossProfit`	$154.01M	USD	Annual
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$20.31M	USD	Annual
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$22.09M	USD	Annual
Exploration, evaluation and reclamation expenses	`ExpenseArisingFromExplorationForAndEvaluationOfMineralResources`	$14.55M	USD	Annual
Exploration, evaluation and reclamation expenses	`ExpenseArisingFromExplorationForAndEvaluationOfMineralResources`	$15.98M	USD	Annual
Business acquisition costs	`AcquisitionrelatedCostsRecognisedAsExpenseForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination`	$4.76M	USD	Annual
Business acquisition costs	`AcquisitionrelatedCostsRecognisedAsExpenseForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination`	-	USD	Annual
Impairment reversal	`ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss`	-	USD	Annual
Impairment reversal	`ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss`	$-24.36M	USD	Annual
Operating income	`ProfitLossFromOperatingActivities`	$112.61M	USD	Annual
Operating income	`ProfitLossFromOperatingActivities`	$101.33M	USD	Annual
Gain on sales of exploration and evaluation assets	`GainOnSalesOfExplorationAndEvaluationAssets`	-	USD	Annual
Gain on sales of exploration and evaluation assets	`GainOnSalesOfExplorationAndEvaluationAssets`	$6.52M	USD	Annual
Interest earned and other finance income	`FinanceIncome`	$1.77M	USD	Annual
Interest earned and other finance income	`FinanceIncome`	$6.13M	USD	Annual
Interest expense and other finance expenses	`FinanceCosts`	$25.97M	USD	Annual
Interest expense and other finance expenses	`FinanceCosts`	$34.87M	USD	Annual
Other expenses	`NonoperatingIncomeExpenses`	$-3.07M	USD	Annual
Other expenses	`NonoperatingIncomeExpenses`	$-5.81M	USD	Annual
Foreign exchange gain (loss)	`GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss`	$-8.13M	USD	Annual
Foreign exchange gain (loss)	`GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss`	$5.06M	USD	Annual
Income before tax	`ProfitLossBeforeTax`	$74.59M	USD	Annual
Income before tax	`ProfitLossBeforeTax`	$80.98M	USD	Annual
Income tax expense	`IncomeTaxExpenseContinuingOperations`	$16.03M	USD	Annual
Income tax expense	`IncomeTaxExpenseContinuingOperations`	$3.12M	USD	Annual
Net income	`ProfitLoss`	$71.47M	USD	Annual
Net income	`ProfitLoss`	$64.96M	USD	Annual
Equity holders of SSR Mining	`ProfitLossAttributableToOwnersOfParent`	$69.32M	USD	Annual
Equity holders of SSR Mining	`ProfitLossAttributableToOwnersOfParent`	$64.96M	USD	Annual
Non-controlling interest	`ProfitLossAttributableToNoncontrollingInterests`	$2.15M	USD	Annual
Non-controlling interest	`ProfitLossAttributableToNoncontrollingInterests`	-	USD	Annual
Basic (usd per share)	`BasicEarningsLossPerShare`	$0.58	USD	Annual
Basic (usd per share)	`BasicEarningsLossPerShare`	$0.63	USD	Annual
Diluted (usd per share)	`DilutedEarningsLossPerShare`	$0.62	USD	Annual
Diluted (usd per share)	`DilutedEarningsLossPerShare`	$0.57	USD	Annual

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income for the year	`ProfitLoss`	$71.47M	USD	Annual
Net income for the year	`ProfitLoss`	$64.96M	USD	Annual
Depreciation, depletion and amortization	`AdjustmentsForDepreciationAndAmortisationExpense`	$76.17M	USD	Annual
Depreciation, depletion and amortization	`AdjustmentsForDepreciationAndAmortisationExpense`	$102.48M	USD	Annual
Net finance expense	`AdjustmentsForFinanceCosts`	$22.51M	USD	Annual
Net finance expense	`AdjustmentsForFinanceCosts`	$26.47M	USD	Annual
Impairment reversal	`AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss`	-	USD	Annual
Impairment reversal	`AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss`	$-24.36M	USD	Annual
Income tax expense	`AdjustmentsForIncomeTaxExpense`	$16.03M	USD	Annual
Income tax expense	`AdjustmentsForIncomeTaxExpense`	$3.12M	USD	Annual
Non-cash foreign exchange (gain) loss	`AdjustmentsForUnrealisedForeignExchangeLossesGains`	$-4.37M	USD	Annual
Non-cash foreign exchange (gain) loss	`AdjustmentsForUnrealisedForeignExchangeLossesGains`	$2.07M	USD	Annual
Net changes in non-cash working capital items	`IncreaseDecreaseInWorkingCapital`	$4.89M	USD	Annual
Net changes in non-cash working capital items	`IncreaseDecreaseInWorkingCapital`	$-9.19M	USD	Annual
Other operating activities	`OtherAdjustmentsToReconcileProfitLoss`	$6.41M	USD	Annual
Other operating activities	`OtherAdjustmentsToReconcileProfitLoss`	$3.61M	USD	Annual
Cash generated in operating activities before interest and taxes	`CashFlowsFromUsedInOperations`	$197.32M	USD	Annual
Cash generated in operating activities before interest and taxes	`CashFlowsFromUsedInOperations`	$173.53M	USD	Annual
Moratorium paid	`IncomeTaxesMoratoriumPaidRefundClassifiedAsOperatingActivities`	-	USD	Annual
Moratorium paid	`IncomeTaxesMoratoriumPaidRefundClassifiedAsOperatingActivities`	$9.27M	USD	Annual
Interest paid	`InterestPaidClassifiedAsOperatingActivities`	$8.09M	USD	Annual
Interest paid	`InterestPaidClassifiedAsOperatingActivities`	$15.23M	USD	Annual
Income taxes paid	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	$4.30M	USD	Annual
Income taxes paid	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	$18.55M	USD	Annual
Cash generated by operating activities	`CashFlowsFromUsedInOperatingActivities`	$170.68M	USD	Annual
Cash generated by operating activities	`CashFlowsFromUsedInOperatingActivities`	$144.72M	USD	Annual
Purchase of plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$28.90M	USD	Annual
Purchase of plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$42.27M	USD	Annual
Capitalized stripping costs	`CapitalizedStrippingCostsClassifiedAsInvestingActivities`	$32.62M	USD	Annual
Capitalized stripping costs	`CapitalizedStrippingCostsClassifiedAsInvestingActivities`	$22.86M	USD	Annual
Underground mine development costs	`UndergroundMineDevelopmentCostsClassifiedAsInvestingActivities`	$5.38M	USD	Annual
Underground mine development costs	`UndergroundMineDevelopmentCostsClassifiedAsInvestingActivities`	$8.29M	USD	Annual
Chinchillas project costs	`OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities`	-	USD	Annual
Chinchillas project costs	`OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities`	$11.43M	USD	Annual
Capitalized exploration costs	`PurchaseOfExplorationAndEvaluationAssets`	$5.37M	USD	Annual
Capitalized exploration costs	`PurchaseOfExplorationAndEvaluationAssets`	$5.80M	USD	Annual
Closing payment on formation of joint venture, net of cash acquired	`PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod`	-	USD	Annual
Closing payment on formation of joint venture, net of cash acquired	`PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod`	$12.97M	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities`	$68.64M	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities`	$4.97M	USD	Annual
Cash received on Seabee Gold Operation acquisition, net of share exchange payment	`CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013`	-	USD	Annual
Cash received on Seabee Gold Operation acquisition, net of share exchange payment	`CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013`	$16.75M	USD	Annual
Interest received	`InterestReceivedClassifiedAsInvestingActivities`	$1.67M	USD	Annual
Interest received	`InterestReceivedClassifiedAsInvestingActivities`	$3.94M	USD	Annual
Tax deposit recovered	`IncomeTaxesPaidRefundClassifiedAsInvestingActivities`	-	USD	Annual
Tax deposit recovered	`IncomeTaxesPaidRefundClassifiedAsInvestingActivities`	$-18.24M	USD	Annual
Other	`OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities`	$1.75M	USD	Annual
Other	`OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities`	$1.17M	USD	Annual
Cash (used) in investing activities	`CashFlowsFromUsedInInvestingActivities`	$-43.26M	USD	Annual
Cash (used) in investing activities	`CashFlowsFromUsedInInvestingActivities`	$-15.49M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromExerciseOfOptions`	$6.70M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromExerciseOfOptions`	$2.28M	USD	Annual
Funding from non-controlling interest	`ProceedsFromContributionsOfNoncontrollingInterests`	-	USD	Annual
Funding from non-controlling interest	`ProceedsFromContributionsOfNoncontrollingInterests`	$2.32M	USD	Annual
Repayment of bank loan	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	-	USD	Annual
Repayment of bank loan	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	$3.85M	USD	Annual
Repayment of Seabee Gold Operation credit facility	`RepaymentsOfAssumedDebt1`	$13.71M	USD	Annual
Repayment of Seabee Gold Operation credit facility	`RepaymentsOfAssumedDebt1`	-	USD	Annual
Share issuance fees on Seabbee Gold Operation acquisition	`PaymentsForShareIssueCosts`	-	USD	Annual
Share issuance fees on Seabbee Gold Operation acquisition	`PaymentsForShareIssueCosts`	$212.00K	USD	Annual
Cash generated (used) by financing activities	`CashFlowsFromUsedInFinancingActivities`	$4.60M	USD	Annual
Cash generated (used) by financing activities	`CashFlowsFromUsedInFinancingActivities`	$-11.06M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$-1.09M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$-1.09M	USD	Annual
Increase in cash and cash equivalents	`IncreaseDecreaseInCashAndCashEquivalents`	$115.27M	USD	Annual
Increase in cash and cash equivalents	`IncreaseDecreaseInCashAndCashEquivalents`	$132.74M	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalents`	$211.86M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalents`	$459.86M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalents`	$327.13M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalents`	$211.86M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalents`	$459.86M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalents`	$327.13M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`Equity`	$1.02B	USD	Point-in-time
Beginning balance	`Equity`	$901.88M	USD	Point-in-time
Beginning balance	`Equity`	$447.18M	USD	Point-in-time
Shares and options issued pursuant to the acquisition of Seabee Gold Operation, net of share issuance costs	`IncreaseDecreaseThroughAcquisitionOfSubsidiary`	$329.04M	USD	Annual
Exercise of stock options (in shares)	`NumberOfShareOptionsExercisedInSharebasedPaymentArrangement`	440,317.00	shares	Annual
Exercise of stock options (in shares)	`NumberOfShareOptionsExercisedInSharebasedPaymentArrangement`	1.18M	shares	Annual
Exercise of stock options	`IncreaseDecreaseThroughExerciseOfOptions`	$6.70M	USD	Annual
Exercise of stock options	`IncreaseDecreaseThroughExerciseOfOptions`	$2.34M	USD	Annual
Equity-settled share-based compensation	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$2.13M	USD	Annual
Equity-settled share-based compensation	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$2.22M	USD	Annual
Recognition of joint venture	`IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl`	$17.23M	USD	Annual
Funding from non-controlling interest	`IncreaseDecreaseThroughOtherContributionsByOwners`	$2.32M	USD	Annual
Total comprehensive income for the year	`ComprehensiveIncome`	$116.83M	USD	Annual
Total comprehensive income for the year	`ComprehensiveIncome`	$97.94M	USD	Annual
Ending balance	`Equity`	$1.02B	USD	Point-in-time
Ending balance	`Equity`	$901.88M	USD	Point-in-time
Ending balance	`Equity`	$447.18M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$71.47M	USD	Annual
Income tax relating to components of other comprehensive income that will be reclassified to profit or loss	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss`	$208.00K	USD	Annual
Income tax relating to components of other comprehensive income that will be reclassified to profit or loss	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss`	$246.00K	USD	Annual
Net income	`ProfitLoss`	$64.96M	USD	Annual
Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss`	$7.60M	USD	Annual
Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss`	$4.73M	USD	Annual
Gain on marketable securities, at FVTOCI, net of tax ($4,729) and ($7,603)	`OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments`	$51.16M	USD	Annual
Gain on marketable securities, at FVTOCI, net of tax ($4,729) and ($7,603)	`OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments`	$25.95M	USD	Annual
Unrealized gain on effective portion of derivative, net of tax ($246) and ($208)	`GainsLossesOnCashFlowHedgesNetOfTax`	$710.00K	USD	Annual
Unrealized gain on effective portion of derivative, net of tax ($246) and ($208)	`GainsLossesOnCashFlowHedgesNetOfTax`	$526.00K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncome`	$26.47M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncome`	$51.87M	USD	Annual
Total comprehensive income	`ComprehensiveIncome`	$116.83M	USD	Annual
Total comprehensive income	`ComprehensiveIncome`	$97.94M	USD	Annual
Equity holders of SSR Mining	`ComprehensiveIncomeAttributableToOwnersOfParent`	$95.79M	USD	Annual
Equity holders of SSR Mining	`ComprehensiveIncomeAttributableToOwnersOfParent`	$116.83M	USD	Annual
Non-controlling interest	`ComprehensiveIncomeAttributableToNoncontrollingInterests`	-	USD	Annual
Non-controlling interest	`ComprehensiveIncomeAttributableToNoncontrollingInterests`	$2.15M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.