Earnings release
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SSR MINING May 6 , 2021 Exhibit 99.5 News Release SSR MINING REPORTS FIRST QUARTER 2021 RESULTS ADJUSTED ATTRIBUTABLE EPS OF $ 0.47 PER SHARE DENVER , CO - SSR Mining Inc. ( NASDAQ / TSX : SSRM , ASX : SSR ) ( " SSR Mining " or " the Company " ) reports consolidated financial results for first quarter ended March 31 , 2021. In addition , the Board of Directors declared a quarterly cash dividend of US $ 0.05 per common share , payable on June 14 , 2021 to holders of record at the close of business on May 17 , 2021. This dividend qualifies as an ' eligible dividend ' for Canadian tax purposes . Rod Antal , President and CEO said , " The first quarter of 2021 represented another strong operational and financial quarter for SSR Mining as we delivered production of 196,094 gold equivalent ounces at an AISC of $ 1,004 per ounce and generated $ 77 million of free cash flow . The operational consistency of our four operating sites combined with our peer leading free cash flow generation has allowed us to come full circle with our 2021 capital allocation program and supplement our existing $ 44 million per year base dividend with a sizeable share buyback program of up to $ 150 million . The combination of the base dividend and our share buyback program will align our peer leading free cash flow yield with our capital returns yield . From a growth perspective , we continue to invest in and advance our large brownfield organic portfolio across Turkey , the US and Canada . At Çöpler , the flotation plant construction is on - track for commissioning mid - year and will drive stronger operational performance in the 2nd half of the year . In addition , step - out and infill drilling at Ardich continues to support resource expansion and conversion as we continue to progress this sizeable , low capital intensity asset into production by 2023. Exploration updates detailing the positive progress across targets at Marigold , Çöpler , and Seabee are expected over the course of the year . " • • First Quarter 2021 Highlights : ( All figures are in U.S. dollars unless otherwise noted ) Robust quarterly operating performance across all four operations : Delivered first quarter production of 196,094 gold equivalent ounces at AISC of $ 1,004 per gold equivalent ounce , on track to meet full - year guidance ranges . Strong financial performance : Generated cash flows from operating activities of $ 145.2 million and free cash flow of $ 76.6 million in the first quarter . ( 1 ) Reported first quarter attributable net income of $ 53.0 million , or $ 0.24 per share , and adjusted attributable net income of $ 102.4 million , or $ 0.47 per share . ( 1 ) Maintained strong , peer - leading balance sheet : Cash and cash equivalents and consolidated cash balances remained strong at quarter end , increasing to $ 866.0 million and $ 901.6 million , following $ 49.1 million in dividend payments to equity shareholders and to Çöpler's non - controlling interest , while also reducing debt balances $ 17.5 million during the quarter .