SSR Mining Inc. Earnings Recaps
Q1 2026
May 7, 2026
SSR Mining's shares jumped 15.1% following a first quarter marked by better-than-expected free cash flow generation and strategic progress, notably the announced Copler divestment, which enhances the company’s financial flexibility and sharpens its Americas-focused asset base.
Key takeaways
- Generated over $210 million in free cash flow in Q1, fueling a net cash position of $634 million with zero debt after convertible notes settlement.
- Announced a $1.5 billion definitive agreement to sell the Copler mine, expected to close by Q3 2026, significantly reshaping the portfolio toward high-quality US assets.
- Continued operational strength from Marigold and Cripple Creek & Victor (CC&V), with CC&V producing ~$325 million in free cash flow since acquisition in 2025, well exceeding purchase price.
- Puna mine contributed strong site-level free cash flow of more than $120 million, reflecting its status as a top-tier, high-margin silver operation.
- Completed $300 million in share repurchases post-quarter, representing disciplined capital allocation and a focus on shareholder value accretion.
Q3 2025
Nov 5, 2025
SSR Mining reported a solid third quarter with 103,000 gold equivalent ounces produced and $409 million in cash, positioning the company well for growth despite being on track for lower production guidance.
Key takeaways
- Generated $72 million in free cash flow prior to working capital adjustments, despite increased AISC of $2,359 per ounce due to higher royalty costs.
- Cash position remains robust with $409 million in cash and total liquidity exceeding $900 million, supporting ongoing investments in growth initiatives like Hod Maden.
- On track to complete full year production guidance of 410,000 to 480,000 gold equivalent ounces, anticipating a stronger fourth quarter.
- Progress on multiple projects, including upcoming technical reports for Cripple Creek & Victor and continued investment in organic developments across the portfolio.
- Net income of $65.4 million reflects strong operational performance, with adjusted net income at $68.4 million for the quarter.