Precious metals miner SSR Mining expects to deliver between 410 000 and 480 000 gold equivalent ounces in 2025, marking a more than 10% increase from the previous year, the Denver-based company said in a statement Monday.

The forecast excludes potential contributions from its Çöpler mine in Türkiye, which remains on care and maintenance.

The TSX-, Nasdaq- and ASX-listed company expects costs of sales of between $1 375 and $1 435 per payable ounce and all-in sustaining costs (AISC) of $2 090 to $2 150 a payable ounce. Excluding Çöpler-related care-and-maintenance costs, SSR projects AISC of $1 890/oz to $1 950/oz.

SSR’s outlook is bolstered by its recent $370-million acquisition of the Cripple Creek & Victor (CC&V) mine from Newmont, which closed on February 28. The addition of CC&V, in Colorado, US, is expected to drive the company’s production growth and contribute to strong cash flows. Newmont’s latest reserve and resource statement indicated CC&V held 2.4-million ounces of gold as of December 2024, an 85% increase from the prior year, accounting for depletion.

Technical work is under way to update CC&V’s life-of-mine plan, which SSR expects to complete within a year. 

The company also continues advancing the Hod Maden project in Türkiye, with plans to spend between $60-million and $100-million on development capital this year. The funds will support initial site establishment and the start of road and tunnel development.

“We entered 2025 with positive momentum,” said executive chairperson Rod Antal. “Our Americas assets, recently bolstered by the acquisition of CC&V, are well positioned for significant production growth and strong cash flows in 2025. In addition, we see attractive and low capital intensity opportunities to potentially extend the mine lives at each of these assets going forward and will continue to progress technical work through the year.”

Meanwhile, SSR is engaged in discussions with Turkish authorities regarding the potential restart of Çöpler. The mine has been offline since February 2024 following a heap leach failure that resulted in fatalities. The company remains committed to both resuming operations at Çöpler and advancing Hod Maden toward a construction decision.

“Underpinning our ambitious growth initiatives remains a robust balance sheet,” Antal said. “Looking ahead, we have a clear path forward, with a focus on delivering growth across the portfolio as we look to build our position as a leading midtier gold producer.”