6-K Filing

SSR MINING INC. CIK: 921638 FY 2018

Filing Information

Form Type	6-K
Accession Number	`0000921638-19-000005`
Period End Date	20181231
Filing Date	20190221
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	ssrm-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 36 Cash Flow Statement 66 Stockholders Equity 17 Comprehensive Income 18

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalents`	$327.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	$419.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	$459.86M	USD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	$42.84M	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`	$29.54M	USD	Point-in-time
Inventory	`Inventories`	$232.75M	USD	Point-in-time
Inventory	`Inventories`	$182.58M	USD	Point-in-time
Other	`OtherCurrentAssets`	$5.10M	USD	Point-in-time
Other	`OtherCurrentAssets`	$8.78M	USD	Point-in-time
Current assets	`CurrentAssets`	$733.12M	USD	Point-in-time
Current assets	`CurrentAssets`	$799.60M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	$701.17M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	$658.63M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssets`	-	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssets`	$7.52M	USD	Point-in-time
Goodwill	`Goodwill`	$49.79M	USD	Point-in-time
Goodwill	`Goodwill`	$49.79M	USD	Point-in-time
Other	`OtherNoncurrentAssets`	$29.54M	USD	Point-in-time
Other	`OtherNoncurrentAssets`	$29.44M	USD	Point-in-time
Total assets	`Assets`	$1.54B	USD	Point-in-time
Total assets	`Assets`	$1.52B	USD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	$60.15M	USD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	$78.47M	USD	Point-in-time
Provisions	`CurrentProvisions`	$4.79M	USD	Point-in-time
Provisions	`CurrentProvisions`	$11.31M	USD	Point-in-time
Current liabilities	`CurrentLiabilities`	$71.47M	USD	Point-in-time
Current liabilities	`CurrentLiabilities`	$83.25M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilities`	$107.91M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilities`	$114.58M	USD	Point-in-time
Provisions	`NoncurrentProvisions`	$76.45M	USD	Point-in-time
Provisions	`NoncurrentProvisions`	$94.30M	USD	Point-in-time
Debt	`LongtermBorrowings`	$247.55M	USD	Point-in-time
Debt	`LongtermBorrowings`	$233.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$515.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$513.53M	USD	Point-in-time
Share capital	`IssuedCapital`	$1.06B	USD	Point-in-time
Share capital	`IssuedCapital`	$1.05B	USD	Point-in-time
Other reserves	`OtherReserves`	$-16.30M	USD	Point-in-time
Other reserves	`OtherReserves`	$25.00M	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`	$-139.69M	USD	Point-in-time
Deficit	`RetainedEarnings`	$-133.31M	USD	Point-in-time
Total shareholders' equity attributable to SSR Mining shareholders	`EquityAttributableToOwnersOfParent`	$974.15M	USD	Point-in-time
Total shareholders' equity attributable to SSR Mining shareholders	`EquityAttributableToOwnersOfParent`	$1.00B	USD	Point-in-time
Non-controlling interest	`NoncontrollingInterests`	$31.83M	USD	Point-in-time
Non-controlling interest	`NoncontrollingInterests`	$23.04M	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`	$1.01B	USD	Point-in-time
Total liabilities and equity	`EquityAndLiabilities`	$1.52B	USD	Point-in-time
Total liabilities and equity	`EquityAndLiabilities`	$1.54B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractsWithCustomers`	$448.77M	USD	Annual
Revenue	`RevenueFromContractsWithCustomers`	$420.68M	USD	Annual
Cost of sales	`CostOfSales`	$343.83M	USD	Annual
Cost of sales	`CostOfSales`	$335.51M	USD	Annual
Income from mine operations	`GrossProfit`	$76.84M	USD	Annual
Income from mine operations	`GrossProfit`	$113.26M	USD	Annual
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$20.31M	USD	Annual
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.94M	USD	Annual
Exploration, evaluation and reclamation expenses	`ExpenseArisingFromExplorationForAndEvaluationOfMineralResources`	$15.98M	USD	Annual
Exploration, evaluation and reclamation expenses	`ExpenseArisingFromExplorationForAndEvaluationOfMineralResources`	$14.01M	USD	Annual
Impairment reversal	`ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss`	$-24.36M	USD	Annual
Impairment reversal	`ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss`	-	USD	Annual
Operating income	`ProfitLossFromOperatingActivities`	$101.33M	USD	Annual
Operating income	`ProfitLossFromOperatingActivities`	$29.89M	USD	Annual
Interest earned and other finance income	`FinanceIncome`	$11.76M	USD	Annual
Interest earned and other finance income	`FinanceIncome`	$6.13M	USD	Annual
Interest expense and other finance costs	`FinanceCosts`	$33.63M	USD	Annual
Interest expense and other finance costs	`FinanceCosts`	$34.87M	USD	Annual
Other expenses	`NonoperatingIncomeExpenses`	$-9.15M	USD	Annual
Other expenses	`NonoperatingIncomeExpenses`	$-3.07M	USD	Annual
Foreign exchange gain	`GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss`	$9.21M	USD	Annual
Foreign exchange gain	`GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss`	$5.06M	USD	Annual
Income before tax	`ProfitLossBeforeTax`	$8.09M	USD	Annual
Income before tax	`ProfitLossBeforeTax`	$74.59M	USD	Annual
Income tax expense	`IncomeTaxExpenseContinuingOperations`	$3.12M	USD	Annual
Income tax expense	`IncomeTaxExpenseContinuingOperations`	$8.12M	USD	Annual
Net (loss) income	`ProfitLoss`	$71.47M	USD	Annual
Net (loss) income	`ProfitLoss`	$-31.00K	USD	Annual
Equity holders of SSR Mining	`ProfitLossAttributableToOwnersOfParent`	$69.32M	USD	Annual
Equity holders of SSR Mining	`ProfitLossAttributableToOwnersOfParent`	$6.38M	USD	Annual
Non-controlling interest	`ProfitLossAttributableToNoncontrollingInterests`	$2.15M	USD	Annual
Non-controlling interest	`ProfitLossAttributableToNoncontrollingInterests`	$-6.41M	USD	Annual
Basic (usd per share)	`BasicEarningsLossPerShare`	$0.05	USD	Annual
Basic (usd per share)	`BasicEarningsLossPerShare`	$0.58	USD	Annual
Diluted (usd per share)	`DilutedEarningsLossPerShare`	$0.57	USD	Annual
Diluted (usd per share)	`DilutedEarningsLossPerShare`	$0.05	USD	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income for the year	`ProfitLoss`	$71.47M	USD	Annual
Net (loss) income for the year	`ProfitLoss`	$-31.00K	USD	Annual
Depreciation, depletion and amortization	`AdjustmentsForDepreciationAndAmortisationExpense`	$100.48M	USD	Annual
Depreciation, depletion and amortization	`AdjustmentsForDepreciationAndAmortisationExpense`	$102.48M	USD	Annual
Net finance expense	`AdjustmentsForFinanceCosts`	$20.56M	USD	Annual
Net finance expense	`AdjustmentsForFinanceCosts`	$26.47M	USD	Annual
Impairment reversal	`AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss`	$-24.36M	USD	Annual
Impairment reversal	`AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss`	-	USD	Annual
Income tax expense	`AdjustmentsForIncomeTaxExpense`	$3.12M	USD	Annual
Income tax expense	`AdjustmentsForIncomeTaxExpense`	$8.12M	USD	Annual
Non-cash foreign exchange gain	`AdjustmentsForUnrealisedForeignExchangeLossesGains`	$-13.00M	USD	Annual
Non-cash foreign exchange gain	`AdjustmentsForUnrealisedForeignExchangeLossesGains`	$-4.37M	USD	Annual
Net changes in non-cash working capital items	`IncreaseDecreaseInWorkingCapital`	$4.89M	USD	Annual
Net changes in non-cash working capital items	`IncreaseDecreaseInWorkingCapital`	$30.93M	USD	Annual
Other operating activities	`OtherAdjustmentsToReconcileProfitLoss`	$3.61M	USD	Annual
Other operating activities	`OtherAdjustmentsToReconcileProfitLoss`	$6.88M	USD	Annual
Cash generated from operating activities before interest and taxes	`CashFlowsFromUsedInOperations`	$92.08M	USD	Annual
Cash generated from operating activities before interest and taxes	`CashFlowsFromUsedInOperations`	$173.53M	USD	Annual
Moratorium paid	`IncomeTaxesMoratoriumPaidRefundClassifiedAsOperatingActivities`	$9.27M	USD	Annual
Moratorium paid	`IncomeTaxesMoratoriumPaidRefundClassifiedAsOperatingActivities`	$5.68M	USD	Annual
Interest paid	`InterestPaidClassifiedAsOperatingActivities`	$15.23M	USD	Annual
Interest paid	`InterestPaidClassifiedAsOperatingActivities`	$13.83M	USD	Annual
Income taxes paid	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	$4.30M	USD	Annual
Income taxes paid	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	$12.80M	USD	Annual
Cash generated by operating activities	`CashFlowsFromUsedInOperatingActivities`	$144.72M	USD	Annual
Cash generated by operating activities	`CashFlowsFromUsedInOperatingActivities`	$59.77M	USD	Annual
Purchase of property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$28.90M	USD	Annual
Purchase of property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$67.75M	USD	Annual
Capitalized stripping costs	`CapitalizedStrippingCostsClassifiedAsInvestingActivities`	$7.49M	USD	Annual
Capitalized stripping costs	`CapitalizedStrippingCostsClassifiedAsInvestingActivities`	$22.86M	USD	Annual
Underground mine development costs	`UndergroundMineDevelopmentCostsClassifiedAsInvestingActivities`	$8.29M	USD	Annual
Underground mine development costs	`UndergroundMineDevelopmentCostsClassifiedAsInvestingActivities`	$9.07M	USD	Annual
Capitalized exploration costs	`PurchaseOfExplorationAndEvaluationAssets`	$13.47M	USD	Annual
Capitalized exploration costs	`PurchaseOfExplorationAndEvaluationAssets`	$5.37M	USD	Annual
Chinchillas project costs	`OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities`	$11.43M	USD	Annual
Chinchillas project costs	`OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities`	$60.25M	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
Loan to joint venture partner	`CashAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities`	-	USD	Annual
Loan to joint venture partner	`CashAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities`	$8.03M	USD	Annual
Investment in marketable securities	`OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities`	$23.06M	USD	Annual
Investment in marketable securities	`OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities`	-	USD	Annual
Net proceeds from sale of marketable securities	`ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities`	$68.64M	USD	Annual
Net proceeds from sale of marketable securities	`ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities`	$63.45M	USD	Annual
Interest received	`InterestReceivedClassifiedAsInvestingActivities`	$9.22M	USD	Annual
Interest received	`InterestReceivedClassifiedAsInvestingActivities`	$3.94M	USD	Annual
Other investing activities	`OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities`	$1.75M	USD	Annual
Other investing activities	`OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities`	$526.00K	USD	Annual
Cash used in investing activities	`CashFlowsFromUsedInInvestingActivities`	$-115.93M	USD	Annual
Cash used in investing activities	`CashFlowsFromUsedInInvestingActivities`	$-15.49M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromExerciseOfOptions`	$5.32M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromExerciseOfOptions`	$2.28M	USD	Annual
Funding from non-controlling interest	`ProceedsFromContributionsOfNoncontrollingInterests`	$15.20M	USD	Annual
Funding from non-controlling interest	`ProceedsFromContributionsOfNoncontrollingInterests`	$2.32M	USD	Annual
Cash generated by financing activities	`CashFlowsFromUsedInFinancingActivities`	$20.52M	USD	Annual
Cash generated by financing activities	`CashFlowsFromUsedInFinancingActivities`	$4.60M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$-5.01M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$-1.09M	USD	Annual
Increase (decrease) in cash and cash equivalents	`IncreaseDecreaseInCashAndCashEquivalents`	$-40.65M	USD	Annual
Increase (decrease) in cash and cash equivalents	`IncreaseDecreaseInCashAndCashEquivalents`	$132.74M	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalents`	$327.13M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalents`	$419.21M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalents`	$459.86M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalents`	$327.13M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalents`	$419.21M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalents`	$459.86M	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`	$1.01B	USD	Point-in-time
Exercise of stock options (in shares)	`NumberOfShareOptionsExercisedInSharebasedPaymentArrangement`	899,050.00	shares	Annual
Exercise of stock options (in shares)	`NumberOfShareOptionsExercisedInSharebasedPaymentArrangement`	440,317.00	shares	Annual
Exercise of stock options	`IncreaseDecreaseThroughExerciseOfOptions`	$5.32M	USD	Annual
Exercise of stock options	`IncreaseDecreaseThroughExerciseOfOptions`	$2.34M	USD	Annual
Equity-settled share-based compensation	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$2.22M	USD	Annual
Equity-settled share-based compensation	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$2.16M	USD	Annual
Recognition of joint venture	`IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl`	$17.23M	USD	Annual
Funding from non-controlling interest	`IncreaseDecreaseThroughOtherContributionsByOwners`	$2.32M	USD	Annual
Funding from non-controlling interest	`IncreaseDecreaseThroughOtherContributionsByOwners`	$15.20M	USD	Annual
Total comprehensive (loss) income for the year	`ComprehensiveIncome`	$97.94M	USD	Annual
Total comprehensive (loss) income for the year	`ComprehensiveIncome`	$-40.62M	USD	Annual
Ending balance	`Equity`	$1.02B	USD	Point-in-time
Ending balance	`Equity`	$901.88M	USD	Point-in-time
Ending balance	`Equity`	$1.01B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$71.47M	USD	Annual
Net (loss) income	`ProfitLoss`	$-31.00K	USD	Annual
Income tax relating to components of other comprehensive income that will be reclassified to profit or loss	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss`	$850.00K	USD	Annual
Income tax relating to components of other comprehensive income that will be reclassified to profit or loss	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss`	$-246.00K	USD	Annual
Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss`	$-4.73M	USD	Annual
Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss`	$6.06M	USD	Annual
(Loss) gain on marketable securities, at FVTOCI, net of tax $6,059 and ($4,729)	`OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments`	$25.95M	USD	Annual
(Loss) gain on marketable securities, at FVTOCI, net of tax $6,059 and ($4,729)	`OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments`	$-37.69M	USD	Annual
Unrealized (loss) gain on effective portion of derivative, net of tax $850 and ($246)	`GainsLossesOnCashFlowHedgesNetOfTax`	$526.00K	USD	Annual
Unrealized (loss) gain on effective portion of derivative, net of tax $850 and ($246)	`GainsLossesOnCashFlowHedgesNetOfTax`	$-2.91M	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncome`	$-40.59M	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncome`	$26.47M	USD	Annual
Total comprehensive (loss) income	`ComprehensiveIncome`	$97.94M	USD	Annual
Total comprehensive (loss) income	`ComprehensiveIncome`	$-40.62M	USD	Annual
Equity holders of SSR Mining	`ComprehensiveIncomeAttributableToOwnersOfParent`	$-34.21M	USD	Annual
Equity holders of SSR Mining	`ComprehensiveIncomeAttributableToOwnersOfParent`	$95.79M	USD	Annual
Non-controlling interest	`ComprehensiveIncomeAttributableToNoncontrollingInterests`	$2.15M	USD	Annual
Non-controlling interest	`ComprehensiveIncomeAttributableToNoncontrollingInterests`	$-6.41M	USD	Annual

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