Ssr Mining Inc. (SSRM)
Summary
SSR Mining: Healthy And Still Undervalued In Gold's Repricing Era
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 vs. SSRM: Which Gold Mining Stock Is the Better Buy?
AU's surging production, major acquisitions and standout price performance sharpen the showdown with rival gold miner SSRM.
SSR Mining: A Rough Q3, But The Gold Miner May Be Set To Shine
SSR Mining is rated a "Buy," supported by strong EPS growth trends and bullish technicals despite recent operational challenges. Q3 results were mixed, with revenue up 50% year-over-year but production and free cash flow disappointing; guidance was reiterated at the low end. SSRM is significantly undervalued, with a conservative price target of $27 based on normalized EPS and an 8x multiple, as gold prices look bullish.
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Ssr Mining Inc. Profile
| Metals & Mining Industry | Materials Sector | Rodney P. Antal Accountancy, CEO | NASDAQ (NGS) Exchange | 784730103 CUSIP |
| US Country | 2,300 Employees | - Last Dividend | - Last Split | 1 Aug 1996 IPO Date |
Overview
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.
Products and Services
- Gold Doré Exploration
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.
- Copper Exploration
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.
- Silver Exploration
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.
- Lead and Zinc Exploration
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.
- Mine Operations
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.
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