SSR Mining rebounded after Çöpler's catastrophic failure as record gold, strong Marigold, Puna, and CC&V performance, plus a cash-rich balance sheet, rebuilt the investment case. I see Q1-Q3 as proof the core portfolio works: growing GEO production, resilient margins, and solid free cash flow, even while Çöpler remains shut. CC&V acquisition is already FCF-positive, and Marigold remains the main Q4 driver, while Puna provides exceptional silver leverage.
SSR Mining remains a buy, supported by strong financials, robust cash flows, and significant upside even without Çöpler mine contributions. SSRM's acquisition of Newmont's CC&V mine strengthens its US gold production, with promising free cash flow projections and a new 12-year mine plan. Recent Turkish regulatory changes could unlock value for Çöpler, either through a faster restart or a potential sale, despite ongoing uncertainties.
AU's surging production, major acquisitions and standout price performance sharpen the showdown with rival gold miner SSRM.
| Metals & Mining Industry | Materials Sector | Rodney P. Antal Accountancy, CEO | LSE Exchange | CA7847301032 ISIN |
| US Country | 2,300 Employees | - Last Dividend | - Last Split | 1 Aug 1996 IPO Date |
SSR Mining Inc. operates in the precious metals sector with a focus on the acquisition, exploration, development, and operation of resource properties. The company has a diversified portfolio of assets across the United States, Türkiye, Canada, and Argentina. Initially known as Silver Standard Resources Inc., it underwent a rebranding in August 2017 to better reflect its broadened focus, adopting the name SSR Mining Inc. The company, which was founded in 1946, is headquartered in Denver, Colorado, evidencing a long-standing presence in the mining industry. SSR Mining is involved in the exploration of gold doré, copper, silver, lead, and zinc, showcasing a diverse range of precious metal resources.
SSR Mining is engaged in the exploration and development of gold doré, a semi-pure alloy of gold and silver, which is further refined to obtain pure gold. This activity forms a core part of their portfolio, reflecting the high demand and value associated with gold.
The company explores for copper deposits, a metal with widespread use in electrical wiring, plumbing, and renewable energy technologies, thus representing a significant aspect of SSR Mining's resource diversification strategy.
SSR Mining seeks out silver deposits, leveraging the precious metal's industrial and investment appeal. Silver's dual role as both an investment vehicle and an industrial metal makes it a valuable component of the company's exploration portfolio.
In addition to precious metals, the company is involved in the exploration of lead and zinc, metals that are essential in various industries, including construction, automotive, and manufacturing. This diversification into base metals characterizes SSR Mining's comprehensive approach to resource exploration.
SSR Mining operates several mines across different countries. These include the Çöpler Mine in Erzincan province, Türkiye; the Marigold Mine in Nevada, United States; the Seabee Mine in Saskatchewan, Canada; and the Puna Mine in Jujuy province, Argentina. Each of these mining operations contributes to the company's overall gold, copper, silver, lead, and zinc production, bolstering SSR Mining's status as a significant player in the global mining industry.