Message From The CEO
Welcome to SSR’s second annual ESG and Sustainability Report, with the theme “Delivering on Our Commitments”. Reflecting this theme, this year’s report meets our 2018 commitment to expand the scope and depth of our sustainability reporting, a commitment that we plan to continue in 2020 and beyond.
For SSR, 2019 was a remarkable year—with record revenues and record production. Our Chinchillas mine, at the Puna Operations in Argentina, had its first full year of production, delivering 7.7 million ounces of silver. In 2019, we completed the acquisition of the remaining 25% interest in the Puna Operations, becoming 100% owners. The Seabee Gold Operation continued its year-on-year trajectory of growth, with record production of 112,137 ounces of gold. And the Marigold Mine also surpassed all previous production records (and exceeded guidance) with 220,227 ounces of gold. Through exploration and acquisition, we continued to grow our Mineral Reserves and Resources. We met our production guidance for the eighth consecutive year, and marked four consecutive years of positive earnings.
Also, in 2019 we started the journey of embedding the Sustainable Development Goals that relate to our industry. Beginning in 2020, we intend to implement the relevant Sustainable Development goals throughout our decision-making and business practices.
The spirit of “delivering on our commitments” is embedded in our operational excellence program, which sets goals for continuous improvement in social, operational, organizational, project development, and growth. Operational excellence has been a foundational principle for our steady success over the past decade.
While SSR is a company with a long history—we will be 75 years old in 2020—it was only six years ago, in 2014, when we became a multinational mine operator. We act, and feel, like a young and nimble company, with responsive governance and disciplined management. The quality of SSR people, our attitudes and ethics—and a strong commitment to risk management throughout our operations—have brought us a long way in only a few years.
Looking forward—after eight straight years of delivering on our commitments to shareholders—we, as a company, are seeing past the upheavals of the COVID-19 pandemic. We are fortunate to face this challenging time with the benefit of a strong balance sheet. Our financial discipline allows us to think long term, and to be patient. I am confident that we have the people, and the processes, and the discipline to grow this company through good times and challenging times. In 2020 and beyond, SSR will continue to deliver on our commitments to our people, to our communities, and to our shareholders.
I invite you to explore our ESG and Sustainability Report, and on behalf of the entire SSR team, I thank you for your interest and welcome your feedback. In closing, I would like to express my gratitude to all the employees at SSR. Our continued success over the past year is testament to the remarkable work taking place at each of our offices, operations, properties and communities around the globe.
President and CEO