SSR Mining Inc. Q3 2026 Earnings Recap

SSR Mining’s shares rose 4.9% after earnings, with investors seemingly responding to its expanded U.S. growth platform and capital returns. The key offset is that full-year all-in sustaining costs are now expected to be approximately 10% above the top end of guidance, despite production remaining on track.

Key Takeaways

• Consolidated production remains on track for full-year guidance, with management expecting a strong fourth quarter, particularly at Marigold.
• Full-year all-in sustaining costs are expected to be approximately 10% above the top end of guidance. Management cited industry-wide cost pressures and a decision at Puna to prioritize ore extensions and stripping, deferring processing lower-cost stockpile ounces.
• Marigold’s updated plan includes 4.6 million ounces of reserves and a 20-year reserve life, with average annual production above 200,000 ounces through 2040.
• SSR repurchased nearly 17 million shares in the first nine months of 2026, returning more than $530 million; the company reported a capital returns yield of approximately 10% for the year to date.
• The Roxmore acquisition, including the adjacent Converse Gold Project, is expected to close by year-end. Buffalo Valley development is planned to begin in 2027, with first production expected in 2029.