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SSRM

SSR Mining Inc.

SSRM

SSR Mining Inc. • NASDAQ
$23.27 ▲ 2.81% (+0.64)
Market Cap $4.71 B
52w High $25.98
52w Low $5.68
Dividend Yield 0%
P/E 22.59
Volume 2.69M
Outstanding Shares 202.59M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $385.839M ▼ $99.533M ▼ $65.441M ▼ 16.961% ▼ $0.32 ▼ $100.664M ▼
Q2-2025 $405.455M ▲ $107.385M ▲ $90.075M ▲ 22.216% ▲ $0.44 ▲ $131.136M ▲
Q1-2025 $316.618M ▼ $82.472M ▼ $58.781M ▲ 18.565% ▲ $0.29 ▲ $97.776M ▲
Q4-2024 $323.187M ▲ $97.197M ▲ $5.555M ▼ 1.719% ▼ $0.028 ▼ $79.549M ▲
Q3-2024 $257.356M $79.595M $10.557M 4.102% $0.05 $40.534M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $445.42M ▲ $5.908B ▲ $1.763B ▲ $3.327B ▲
Q2-2025 $438.493M ▲ $5.796B ▲ $1.71B ▲ $3.26B ▲
Q1-2025 $341.289M ▼ $5.645B ▲ $1.641B ▲ $3.168B ▲
Q4-2024 $417.347M ▲ $5.189B ▲ $1.242B ▲ $3.107B ▲
Q3-2024 $365.752M $5.144B $1.195B $3.1B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $65.441M ▲ $57.156M ▼ $-63.602M ▲ $10.196M ▲ $-2.772M ▼ $-2.401M ▼
Q2-2025 $-54.446M ▼ $157.841M ▲ $-68.503M ▲ $7.856M ▲ $92.492M ▲ $203.348M ▲
Q1-2025 $54.446M ▲ $84.805M ▼ $-154.25M ▼ $2.675M ▲ $-68.27M ▼ $39.298M ▼
Q4-2024 $-3.135M ▼ $94.979M ▲ $-39.56M ▼ $2.308M ▼ $53.541M ▲ $56.406M ▲
Q3-2024 $6.251M $-1.348M $-35.094M $13.942M $-24.067M $-34.098M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Gold
Gold
 $220.00M ▲$230.00M ▲$300.00M ▲$260.00M ▼
Lead
Lead
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Silver
Silver
 $80.00M ▲$80.00M ▲$90.00M ▲$110.00M ▲
Zinc
Zinc
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement SSR Mining’s revenue has moved around over the last few years and has recently slipped back after a stronger 2023. Profitability has weakened: a few years ago the business was clearly profitable, but operating income and net income have turned into losses for two years in a row, with the latest year clearly worse than the prior one. This points to cost pressures, weaker pricing or volumes, or one‑off disruptions weighing on margins. Overall, the income statement shows a company in a cyclical downturn versus its earlier, more profitable phase.

Balance Sheet

Balance Sheet The balance sheet looks relatively stable in size, with total assets holding steady over several years. Debt remains moderate and has gradually come down from earlier levels, which is a positive. Cash reserves, however, have been drawn down meaningfully from their earlier peak, reducing the financial cushion. Shareholders’ equity had been building over time but has started to edge lower, reflecting the recent losses. Overall, the company still appears reasonably well‑capitalized, but with less cash flexibility than a few years ago.

Cash Flow

Cash Flow Historically, SSR Mining generated solid cash from operations and usually produced positive free cash flow after investment spending. Recently, that picture has softened: cash generation from the core business has dropped sharply, and free cash flow has slipped slightly into negative territory as the company continues to invest in its assets. Capital spending has been fairly steady, suggesting they are maintaining and developing projects even as cash inflows weaken. This combination highlights a tighter cash environment and greater dependence on a recovery in operating performance.

Competitive Edge

Competitive Edge SSR Mining operates as a diversified precious metals producer with exposure to gold, silver, and some base metals, spread across several countries. This mix of metals and geographies helps reduce reliance on any single mine or jurisdiction and offers some protection against local political or regulatory shocks. The company is viewed as having a modest but real competitive edge based on its operating know‑how, cost discipline in better times, and experience with both open‑pit and underground mining and complex processing methods. However, this is still a cyclical, capital‑intensive industry with strong global competitors and limited truly unique assets, so its moat is best described as narrow rather than wide.

Innovation and R&D

Innovation and R&D The company’s innovation focus is practical rather than headline‑grabbing. It uses drones for surveying and 3D modeling to reduce labor and speed up planning, and it is building a centralized data and analytics platform to better monitor equipment, improve productivity, and enhance safety. A dedicated technology and innovation team works on refining metallurgical processes and grade control. On the growth side, projects like Hod Maden and the Cripple Creek & Victor mine expansion are key development bets rather than pure R&D, but they rely heavily on technical and operational expertise. The main risk is execution: turning these initiatives and projects into reliable, low‑cost production on time and on budget.

Summary

SSR Mining is a mid‑sized, diversified precious metals producer that has moved from a period of solid profitability and cash generation into a tougher phase marked by operating losses and weaker cash flow. Its balance sheet remains generally sound with moderate debt, but cash levels have fallen and recent losses are starting to erode equity. The company’s underlying strengths are its diversified asset base, experience across mining methods, and disciplined approach to operations and capital allocation. It is also modernizing through drones and data analytics and is pursuing growth through projects like Hod Maden and the CC&V mine. Future performance will depend heavily on stabilizing margins, successfully ramping key projects, and navigating commodity price cycles and country‑specific risks while maintaining financial flexibility.

NEWS

November 10, 2025 · 7:45 PM UTC

SSR Mining Announces Initial 12 Year Life of Mine Plan for CC&V With an NPV5% of $824M and Potential for Further Mineral Reserve Conversion

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November 4, 2025 · 4:10 PM UTC

SSR Mining Reports Third Quarter 2025 Results

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October 27, 2025 · 5:58 PM UTC

SSR Mining Announces Changes to the Board of Directors

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October 7, 2025 · 10:10 PM UTC

SSR Mining to Announce Third Quarter 2025 Consolidated Financial Results on November 4, 2025

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