SSR Mining Inc. (SSRM)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$1.9B

Revenue growth

48.4%

Net income, last twelve months

$237.7M

Earnings per share

$1.10

Gross margin

62.6%

Operating margin

40.2%

Net margin

12.3%

Free cash flow

$349.2M

Return on equity

7.0%

Market value

$6.1B

Price to earnings

27.0x

Cash

$1.8B

Debt

$0

Debt to equity

0.00

Shares outstanding

206.4M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the second quarter of 2026 results, filed 4 August 2026.

• Gold equivalent output fell year on year. Second-quarter gold equivalent production was 101,959 ounces, against 120,191 a year earlier. Six-month output was 211,873 ounces against 223,987.
• Net income and diluted EPS reported. Net income attributable to shareholders from continuing operations was $137.0 million, or $0.66 per diluted share, against $0.61 a year earlier.
• Revenue and operating income higher. Revenue was $443.8 million against $405.5 million a year earlier. Operating income was $191.7 million against $168.1 million.
• Quarterly free cash flow reported. Continuing operations produced $115.6 million of operating cash flow and $50.3 million of free cash flow in the quarter.
• First-half cash generation totals. First-half operating cash flow was $420.5 million and free cash flow was $299.1 million, from continuing operations.
• Marigold output and costs both rose. Marigold produced 31,059 ounces against 35,906 a year earlier. Cost of sales was $1,980 per payable ounce and AISC $3,044, against $1,584 and $1,977.
• CC&V output lower than last year. CC&V produced 27,725 ounces against 44,062 a year earlier, with cost of sales of $1,561 and AISC of $1,995 per payable ounce.
• Seabee output higher than last year. Seabee produced 16,817 ounces against 10,998 a year earlier, with cost of sales of $1,721 and AISC of $2,358 per payable ounce.
• Puna silver output lower. Puna produced 1.7 million ounces of silver against 2.8 million a year earlier. Cost of sales was $28.77 and AISC $29.52 per payable ounce.
• Realized gold price rose. The average realized gold price was $4,301 per ounce sold, against $3,336 a year earlier. Six-month average was $4,550.
• Realized silver price rose sharply. The average realized silver price was $74.24 per ounce sold, against $35.24 a year earlier.
• Gold equivalent method changed. Gold equivalent ounces now use a fixed 63:1 silver-to-gold ratio, with by-products excluded. Prior periods used the silver-to-gold price ratio.
• Unit costs rose across measures. Cost of sales was $1,775 per gold equivalent ounce, against $1,396. Cash cost was $1,637 against $1,282, and AISC $2,622 against $1,858.
• Adjusted earnings definition revised. Adjustments for Argentina inflation tax and marketable securities were removed. Prior periods were revised, raising adjusted net income by $11.3 million in the quarter.

Revenue by segment

As the company reports it in the segment note of its annual report.

By business, FY2025

By product, FY2025

By region, FY2025

Company events

The newest 8-K filings of 81 held.

Every filing

The newest filings with the SEC of 884 held.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

446 funds held it at 30 Jun 2026: 204 added and 108 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Royal Gold Inc. (RGLD): revenue $1.5B, market value $20.5B

What the company does

SSR Mining Inc. is a precious metals mining company with five operations located in the United States, Türkiye, Canada and Argentina. It produces gold doré as well as copper, silver, lead and zinc concentrates. Its common shares are listed on the Toronto Stock Exchange and the Nasdaq Global Select Market under the symbol "SSRM". The company employs approximately 2,900 full-time employees and 1,900 contract employees. It was incorporated in British Columbia, Canada in 2005, its predecessor companies date back to 1946, and its corporate office is in Denver, Colorado.

How the business is organised

The company reports five segments, one for each producing mine: Çöpler in Erzincan Province, Türkiye; Marigold in Nevada, United States; Cripple Creek & Victor ("CC&V") in Colorado, United States; Seabee in Saskatchewan, Canada; and Puna in Jujuy Province, Argentina. For 2025, revenue came 0% from Çöpler, 33% from Marigold, 28% from CC&V, 11% from Seabee and 28% from Puna. The company acquired CC&V from Newmont Corporation on 28 February 2025. It also does exploration and development work at properties in the United States, Argentina, Canada and Türkiye. The filing says each mine operates independently and does not rely on cash flows from, or operational synergies with, the others.

What it sells

Çöpler, Marigold, CC&V and Seabee produce gold doré. Doré is unrefined gold bullion bars that generally contain more than 90% gold, and a third party refines it into gold bullion. Puna produces silver, lead and zinc concentrates, which are sold to smelters or traders for further refining. The filing names the prices of gold and silver as key drivers of profitability.

In 2025 the company produced 333,078 ounces of gold. Puna produced 9,814 thousand ounces of silver.

Who buys from it

The company sells gold doré from Marigold, CC&V and Seabee primarily to banks. It sells doré from Çöpler, when that mine is operating, to the Central Bank of Türkiye. In 2025, 33% of revenue came from sales to Canadian Imperial Bank of Commerce, 13% from the Royal Bank of Canada and 12% from the National Bank of Canada. Silver sales were about 24% of revenue, with 10% sold to Trafigura Trading LLC.

Lead and zinc concentrate with high silver content goes to smelters and traders in Asia and Europe. These sales run under supply contracts updated annually or as needed, or through spot sales. Processing fees are based on demand for the concentrates in the global marketplace.

The Çöpler suspension

On 13 February 2024 the company suspended operations at Çöpler after a slip on the heap leach pad. Operations have not restarted. With the Turkish authorities, the company is remediating the site, which includes permanent closure of the heap leach pad and an end to heap leach processing. The filing says public statements from Turkish government officials have confirmed no recordable contamination to local soil, water or air.

The company's 2021 Environmental Impact Assessment was cancelled after the incident. A restart would follow the 2014 assessment, which sets a sulfide plant throughput of 6,000 tonnes per day, compared with 9,000 under the 2021 assessment. The company says it anticipates that, if approved, initial operations would process stockpiled ore and ore mined from Çakmaktepe. It also says it cannot estimate if, when and under what conditions it will be authorized to resume operations.

How it competes and is regulated

It notes that many larger competitors have additional financial and technical resources. Apart from operating licences for its mining and processing facilities, it says no third party patents, licences or franchises are material to its business. It conducts mining and exploration under concessions granted by, or contracts with, the host governments of the United States, Canada, Argentina and Türkiye.

Environmental laws in each jurisdiction cover air, water, waste, wildlife and land reclamation. The company obtains governmental permits and in some cases provides bonding. It has reclamation obligations at Çöpler, Marigold, CC&V, Seabee and Puna, supported by bonds or other financial assurances held by the relevant authorities.

Its people

The workforce is spread across the United States, Canada, Argentina and Türkiye. Certain employees in Türkiye and Argentina are represented by a union, and about 25% of the workforce was union represented at 31 December 2025. The Board's Technical, Safety and Sustainability Committee reviews safety, health, security, environment and community relations policies and practices. The company has a Human Rights Policy aligned with the United Nations Guiding Principles on Business and Human Rights.

*From SSR Mining's annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/921638/000092163826000035/ssrm-20251231.htm)*

From the company's 10-K.