SSR Mining (SSRM) AI Stock Analysis

• Market Cap: C$6.31B
• Dividend Yield: N/A
• Average Volume (3M): 449.25K
• Price to Earnings (P/E): 23.5
• Beta (1Y): 2.12
• Revenue Growth: 33.74%
• EPS Growth: N/A
• Country: CA
• Employees: 2,300
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.45
• Shares Outstanding: 203,001,140
• 10 Day Avg. Volume: 626,812
• 30 Day Avg. Volume: 449,251
• PEG Ratio: -0.03
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 1.42
• P/FCF Ratio: -13.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$43.87
• Price Target Upside: 41.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: C$34.00 ▲(9.40% Upside)

The score is driven primarily by improving financial performance and a strong balance sheet with low leverage, supported by an upward price trend. Offsetting factors include elevated production costs and production tracking toward the lower half of guidance from the latest earnings call, plus a less attractive valuation and overbought technical signals.

Positive Factors

Low leverage / strong balance sheet

Very low debt-to-equity (0.078) gives SSR Mining durable financial flexibility. It reduces refinancing and interest risk, enables funding of capital projects or opportunistic M&A internally, and improves resilience through commodity cycles without forcing asset sales or heavy external borrowing.

Strong liquidity to fund growth

Substantial cash and >$900M total liquidity materially de-risks project execution. It permits funding Hod Maden, CC&V work, and potential Çöpler restart without immediate capital markets reliance, supporting multi‑year development timelines and sustaining investment in long‑life assets.

Diversified asset portfolio and long-life mines

Geographic and asset diversification across Canada, Argentina and Turkey plus long‑life assets (e.g., CC&V with 10+ year life) lowers single-asset production risk, smooths revenue across metal mixes, and supports steady medium‑term output despite localized operational setbacks.

Negative Factors

High all-in sustaining costs (AISC)

AISC near $2,359/oz compresses margin buffer and reduces resilience to lower metal prices. Persistently high unit costs erode free cash flow and limit ability to reinvest or return capital, making profitability more sensitive to cost trends than peers with lower sustaining costs.

Operational issues at Seabee (low grades, high costs)

Lower grades and underground development at Seabee drove very high AISC, signaling persistent operational and grade risk. Continued underperformance there can meaningfully raise consolidated unit costs, impair scale economics and extend timelines to restore prior production levels.

Free cash flow volatility / modest ROE

While recent FCF improved, historical volatility plus a modest ROE (~6.43%) indicate uneven cash generation and limited capital efficiency. That constrains consistent shareholder returns and makes long‑term capital allocation and dividend/share buyback policies less predictable.

SSR Mining Business Overview & Revenue Model

Company Description

SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, copper, lead, and zinc deposits. Its projects include the Çöpler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina. The company was formerly known as Silver Standard Resources Inc. and changed its name to SSR Mining Inc. in August 2017. SSR Mining Inc. was incorporated in 1946 and is based in Denver, Colorado.

How the Company Makes Money

SSR Mining generates revenue primarily through the sale of gold and silver produced from its mining operations. The company benefits from its diversified portfolio of mines and projects, which allows it to mitigate risks associated with fluctuations in metal prices. Key revenue streams include the sale of refined gold and silver, as well as by-products from its mining processes. The company has also established strategic partnerships and joint ventures that enhance its operational capabilities and expand its resource base. Additionally, SSR Mining's focus on cost management and operational efficiency contributes to its profitability, allowing it to maintain competitive production costs in the precious metals market.

SSR Mining Financial Statement Overview

Summary

Financials show a clear TTM recovery with revenue growth (9.86%) and a solid net margin (15.36%) alongside a healthy gross margin (34.74%). The balance sheet is a strength with very low leverage (debt-to-equity 0.078), while cash flow is improving (FCF growth 19.81%) but has shown historical volatility that keeps the score from being higher.

Income Statement

SSR Mining's income statement shows a strong recovery in the TTM period with a revenue growth rate of 9.86% and a positive net profit margin of 15.36%. The gross profit margin is healthy at 34.74%, indicating efficient cost management. However, the company faced challenges in previous years with negative EBIT and net profit margins, which have now improved significantly.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio of 0.078, reflecting conservative leverage and strong equity position. The return on equity is modest at 6.43%, suggesting room for improvement in generating returns for shareholders. The equity ratio is solid, indicating financial stability.

Cash Flow

Cash flow analysis reveals a positive trend with a 19.81% growth in free cash flow in the TTM period. The operating cash flow to net income ratio is strong at 0.79, indicating efficient cash generation relative to earnings. However, past volatility in free cash flow growth suggests potential risks in cash flow stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.43B	995.62M	1.43B	1.15B	1.47B	853.09M
Gross Profit	680.08M	351.39M	408.77M	498.29M	878.35M	308.64M
EBITDA	409.13M	-175.51M	28.22M	441.40M	661.81M	324.93M
Net Income	219.85M	-261.28M	-98.01M	194.14M	368.08M	151.53M
Balance Sheet
Total Assets	5.91B	5.19B	5.39B	5.25B	5.21B	5.24B
Cash, Cash Equivalents and Short-Term Investments	445.42M	417.35M	513.34M	695.73M	1.06B	887.38M
Total Debt	367.57M	345.18M	327.22M	406.59M	487.63M	513.38M
Total Liabilities	1.76B	1.24B	1.08B	1.13B	1.16B	1.31B
Stockholders Equity	3.33B	3.11B	3.37B	3.58B	3.54B	3.43B
Cash Flow
Free Cash Flow	191.69M	-103.40M	198.30M	23.38M	444.18M	179.28M
Operating Cash Flow	394.78M	40.13M	421.73M	160.90M	608.99M	348.62M
Investing Cash Flow	-325.92M	-143.12M	-339.26M	-236.28M	-129.14M	180.79M
Financing Cash Flow	23.04M	6.92M	-182.26M	-271.78M	-319.77M	-173.20M

SSR Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 31.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SSRM, the sentiment is Positive. The current price of 31.08 is below the 20-day moving average (MA) of 33.51, below the 50-day MA of 31.70, and above the 200-day MA of 25.03, indicating a neutral trend. The MACD of 0.73 indicates Positive momentum. The RSI at 50.42 is Neutral, neither overbought nor oversold. The STOCH value of 13.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SSRM.

SSR Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TXG	77 Outperform	$6.13B	13.36	17.29%	―	5.33%	143.67%
KNT	74 Outperform	C$6.32B	18.48	46.21%	―	81.13%	234.33%
SSRM	69 Neutral	C$6.31B	23.48	6.84%	―	33.74%	―
OLA	62 Neutral	C$6.92B	94.87	9.79%	―	151.45%	1224.07%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SEA	52 Neutral	C$3.96B	-76.02	-5.19%	―	―	-267.06%
NG	50 Neutral	C$4.75B	―	-162.67%	―	―	-92.71%

SSR Mining Corporate Events

SSR Mining Unveils 12-Year Plan for CC&V Gold Mine with Promising Growth Prospects

SSR Mining Inc. has announced a 12-year life of mine plan for the Cripple Creek & Victor Gold Mine (CC&V) in Colorado, with a net present value (NPV) of $824 million at current gold prices. The plan highlights potential for further mineral reserve conversion, with an average annual production of 141,000 ounces of gold from 2026 to 2028. The acquisition of CC&V has already proven financially beneficial, with the initial $100 million acquisition cost recovered through mine-site after-tax free cash flow. The report suggests a strong opportunity for future growth, with nearly five million ounces of Measured & Indicated Mineral Resources and two million ounces of Inferred Mineral Resources.

The most recent analyst rating on (TSE:SSRM) stock is a Hold with a C$28.50 price target. To see the full list of analyst forecasts on SSR Mining stock, see the TSE:SSRM Stock Forecast page.

SSR Mining Reports Q3 2025 Results and Project Developments

SSR Mining reported its third quarter 2025 results, highlighting a production of 102,673 gold equivalent ounces with costs trending towards the upper end of guidance due to higher gold prices and strong share performance. The company is advancing several key projects, including Hod Maden and Çöpler, with significant investments in development and exploration, aiming to boost its production capacity and extend mine life, particularly in Türkiye.

The most recent analyst rating on (TSE:SSRM) stock is a Buy with a C$39.00 price target. To see the full list of analyst forecasts on SSR Mining stock, see the TSE:SSRM Stock Forecast page.