SSR Mining Inc. (NASDAQ:SSRM) Q4 2019 Earnings Conference Call - Final Transcript
Feb 21, 2020 • 11:00 am ET
Gregory J. Martin
more efficient construction schedule and provides tailings capacity into the 2030s.
Our balance sheet provides us the ability to optimize these assets for the long term. Looking forward to the first quarter, I will just remind listeners of the seasonality of Seabee capex and working capital as all physical goods and equipment are brought in over the ice road through February and March.
This seasonality of capital impacts Seabee's reported all-in sustaining cost in the first quarter as well. The macro backdrop looks positive here early in the year with precious metal fundamental strong and oil and other commodities remaining range bound.
With those comments, I turn the call back to Paul.
Thanks, Greg. So in summary, we continue to be very proud of our consistency, having met or exceeded production and cost guidance for the 8th straight year. We are well positioned to continue this momentum with 2020 production forecast to grow to approximately 425,000 gold equivalent ounces with strong margins at current metal -- precious metal prices.
We also continue to invest in our long-term future through exploration with strong results at both Marigold and Seabee. 2019 continued our track record of creating value by increasing Mineral Reserves and Mineral Resources each year and we expect to do the same this year.
Looking ahead to SSR Mining, our strategy remains consistent, focused on delivering safe production while investing in our assets and executing on our growth strategy to create value for our shareholders. Our outlook for 2020 and beyond remains bright.
This concludes the formal remarks of our earnings call. I'll now pass the line to the operator to take any questions you may have.