SSR Mining Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsSSR Mining Inc. is a precious metals mining company focused on Americas-based gold and silver production after divesting its Türkiye assets.
What they do
SSR Mining operates four producing mines: Marigold (Nevada, USA), CC&V (Colorado, USA), Seabee (Saskatchewan, Canada), and Puna (Argentina). The company produces gold doré and silver-lead-zinc concentrates. In 2026, it completed the sale of its 80% interest in the Çöpler mine and its 20% interest in the Hod Maden project, completing a strategic refocus to the Americas.
Revenue drivers
- Marigold — Gold heap leach operation in Nevada; contributed 33% of 2025 revenue, the largest segment.
- CC&V — Open pit gold mine in Colorado; contributed 28% of 2025 revenue.
- Puna — Silver-lead-zinc mine in Argentina; contributed 28% of 2025 revenue.
- Seabee — Underground gold mine in Saskatchewan; contributed 11% of 2025 revenue.
Recent performance
In Q2 2026, revenue from continuing operations was $443.8 million, up 9.5% year-over-year, and net income from continuing operations was $137.0 million ($0.66 per diluted share). Operating cash flow for Q2 was $115.6 million and free cash flow $50.3 million. For the first half of 2026, the company produced 211,873 gold equivalent ounces at AISC of $2,521 per ounce. Full-year 2025 revenue was $1.60 billion with net income of $395.8 million.
Strategy
Management is focused on being a free-cash-flow-oriented Americas gold and silver producer, anchored by long-lived U.S. operations. It is advancing brownfield growth projects: Buffalo Valley at Marigold, Cortaderas at Puna, and Porky at Seabee. The company is returning capital aggressively, completing $409.2 million in share buybacks in the first half of 2026 and declaring a $0.03 quarterly dividend. It also increased its revolving credit facility to $600 million with maturity extended to 2030.
Risks
- Metal price volatility — Gold, silver, and other metal prices fluctuate widely and directly affect revenue and profitability.
- Production and cost estimate variability — Actual production, development plans, and cost estimates may differ materially from expectations, impacting financial results.
- Reserve replacement risk — Estimates of mineral reserves and resources are based on interpretation and assumptions; actual production may be lower than estimated, and the company may fail to replace reserves.
- Operational and environmental risks — Mining operations face water availability, energy costs, supply chain disruptions, and reclamation/remediation obligations that could exceed estimates.
Outlook
Management maintains full-year 2026 production guidance of 450,000 to 535,000 gold equivalent ounces, with a second-half weighted production profile. Full-year AISC is trending toward the top end of guidance due to accelerated capital investments in mine life extension. The company is focused on advancing its brownfield projects and maintaining strong liquidity with no long-term debt.