Financial Data and Key Metrics Changes - In Q3, the company produced 103,000 gold equivalent ounces at an all-in sustaining cost (AISC) of $2,359 per ounce, with a full-year production target of 410,000-480,000 gold equivalent ounces, expected to finish in the lower half of that range [8][9] - The net income attributable to shareholders was $65.4 million, or $0.31 per diluted share, while adjusted net income was $68.4 million, or $0.32 per diluted share [9][10] - Free cash flow before changes in working capital was $72 million, indicating strong margins despite ongoing investments [10] Business Line Data and Key Metrics Changes - Marigold produced 36,000 ounces of gold at an AISC of $1,840 per ounce, with expectations for a strong Q4 [11] - CC&V produced 30,000 ounces of gold at an AISC of $1,756 per ounce, generating nearly $115 million in asset-level free cash flow since acquisition [13] - Seabee faced challenges with production of 9,000 ounces at an AISC of $3,003 per ounce, attributed to lower-than-expected grades [14] Market Data and Key Metrics Changes - The average realized gold price was above $3,500 per ounce for the quarter [9] - Puna produced 2.4 million ounces of silver at an AISC of $1,354 per ounce, continuing its solid performance [15] Company Strategy and Development Direction - The company is focused on advancing organic development projects, including Hod Maden, Buffalo Valley, and others, with a strong emphasis on growth initiatives [5][6] - The upcoming technical reports for Cripple Creek and Victor, as well as Hod Maden, are expected to showcase the potential and upside of these assets [17] - The company is committed to a restart at Çöpler and is in close communication with government authorities for approvals [7][28] Management's Comments on Operating Environment and Future Outlook - Management expects a stronger Q4, primarily driven by Marigold and CC&V, despite challenges faced in Q3 [20] - The company is optimistic about the potential of Hod Maden, viewing it as one of the most compelling undeveloped copper-gold projects in the sector [5][16] - There is a noted increase in public support for the reopening of Çöpler, which may aid in regulatory discussions [28] Other Important Information - The company maintains a strong financial position with $409 million in cash and total liquidity exceeding $900 million [8][9] - The technical report for Hod Maden is expected to form the basis for a construction decision in the coming months [5][16] Q&A Session Summary Question: Expectations for Q4 and production spillover from Marigold - Management confirmed that Q4 strength is expected from Marigold and discussed handling fines encountered at Red Dot [20][21] Question: Clarification on lower grades at Seabee - Management explained that lower grades were due to increased material from the gap hanging wall, which came in at lower grades than expected [24] Question: Update on Çöpler and community support - Management detailed ongoing discussions with regulators and noted increased public support for reopening, which may help but is not the primary driver for regulatory approval [28] Question: Guidance for Hod Maden and potential carryover into 2026 - Management indicated that spending at Hod Maden is on track and that they expect to be closer to the midpoint of the guidance range [35][36] Question: Connection between Hod Maden and Çöpler decisions - Management clarified that the decisions regarding Hod Maden and Çöpler are treated as mutually exclusive, with no dependency between the two [42] Question: Strategy for growth and M&A - Management reiterated a consistent strategy focused on organic growth and selective M&A opportunities that fit within established criteria [44][45]

Financial Data and Key Metrics Changes - In Q3 2025, the company produced 103,000 gold equivalent ounces at an all-in sustaining cost (AISC) of $2,359 per ounce, with a full-year production target of 410,000-480,000 gold equivalent ounces, expected to finish in the lower half of that range [8][9] - The net income attributable to shareholders was $65.4 million, or $0.31 per diluted share, while adjusted net income was $68.4 million, or $0.32 per diluted share [10] - Free cash flow before changes in working capital was $72 million, indicating strong margins despite ongoing investments in growth initiatives [11] Business Line Data and Key Metrics Changes - Marigold produced 36,000 ounces of gold at an AISC of $1,840 per ounce, with expectations for a strong Q4, although slightly below initial expectations [12] - CC&V produced 30,000 ounces of gold at an AISC of $1,756 per ounce, generating nearly $115 million in asset-level free cash flow since acquisition [14] - Seabee faced challenges with production of 9,000 ounces at an AISC of $3,003 per ounce, attributed to lower-than-expected grades and a focus on underground development [15] Market Data and Key Metrics Changes - The average realized gold price was above $3,500 per ounce for the quarter, contributing to the financial performance [10] - The company ended the quarter with $409 million in cash and total liquidity exceeding $900 million, ensuring capacity to fund growth initiatives [9] Company Strategy and Development Direction - The company is focused on advancing organic development projects, including Hod Maden, Buffalo Valley, and others, with a strong emphasis on project updates and technical reports [5][18] - The company aims to showcase the potential of key assets like Cripple Creek and Hod Maden, with upcoming technical reports expected to highlight their upside potential [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a stronger Q4, primarily driven by Marigold and CC&V, while addressing challenges with ore blending at Marigold [22] - Discussions with regulatory bodies regarding the restart of Çöpler are ongoing, with increased public support for reopening noted [30] Other Important Information - The company has spent $44 million on advancing Hod Maden this year and remains on track for full-year growth capital guidance of $60-$100 million [5][18] - The technical report for Cripple Creek and Victor is expected to be published soon, providing insights into mineral reserves and potential expansions [5] Q&A Session Summary Question: Expectations for Q4 performance - Management confirmed that Q4 strength is expected to come primarily from Marigold and CC&V, with adjustments being made to handle ore blending challenges [22][23] Question: Clarification on Seabee's lower grades - Management explained that lower grades were due to an increased proportion of material from the gap hanging wall, which came in at lower grades than expected [26] Question: Update on Çöpler's regulatory discussions - Management indicated ongoing discussions with regulators, focusing on technical aspects for approval, with increased public support for reopening noted [30] Question: Guidance for Hod Maden and potential carryover into 2026 - Management reassured that spending at Hod Maden is on track, with expectations to meet the midpoint of the guidance range [36][37] Question: Strategy regarding M&A and growth opportunities - Management reiterated a consistent strategy focused on organic growth and selective M&A opportunities that fit within established criteria [46][47]

Third Quarter 2025 Financial Results November 2025 Cautionary Notes Cautionary Note Regarding Forward-Looking Information and Statements This presentation includes certain non-GAAP financial measures to assist in understanding the Company's financial results. The non-GAAP financial measures are employed by us to measure our operating and economic performance and to assist in decision- making, as well as to provide key performance information to senior management. We believe that, in addition to conventional ...

Production and Sales - Third quarter 2025 production was 102,673 gold equivalent ounces with a cost of sales of $1,585 per payable ounce and all-in sustaining costs (AISC) of $2,359 per payable ounce[1] - Year-to-date production reached 326,940 gold equivalent ounces at a cost of sales of $1,430 per payable ounce and AISC of $2,131 per payable ounce[1] - For the three months ended September 30, 2025, the company produced 29,821 ounces of gold, with a total year-to-date production of 113,165 ounces since the CC&V acquisition[9] - Seabee produced 9,118 ounces of gold in Q3 2025, down from 10,252 ounces in Q3 2024, with year-to-date production of 46,117 ounces compared to 50,734 ounces in the same period last year[11] - Puna produced 2,409,000 ounces of silver in Q3 2025, a decrease from 2,885,000 ounces in Q3 2024, with year-to-date production of 7,764,000 ounces compared to 7,531,000 ounces last year[13] - Gold sold during the three months ended September 30, 2025, was 74,268 ounces, a decrease from 63,052 ounces sold in the same period of 2024[38] - Silver sold during the three months ended September 30, 2025, reached 2,656,819 ounces, compared to 2,785,411 ounces in the prior year[38] - The company sold 7,565,557 ounces of silver during the nine months ended September 30, 2025, compared to 6,933,096 ounces in the same period of 2024, representing a growth of 9%[39] Financial Performance - Net income attributable to SSR Mining shareholders for Q3 2025 was $65.4 million, or $0.31 per diluted share, with adjusted net income of $68.4 million, or $0.32 per diluted share[1] - SSR Mining's total revenue for Q3 2025 was $385.8 million, up from $257.4 million in Q3 2024[5] - The company reported a diluted net income per share of $0.31 for the three months ended September 30, 2025, compared to $0.05 in the same period of 2024[41] - For the nine months ended September 30, 2025, SSR Mining's adjusted net income per diluted share was $1.12, a significant increase from $0.18 in the prior year[41] - The company experienced a free cash flow of $(2.4) million for the three months ended September 30, 2025, compared to $(34.1) million in the same period of 2024[46] - Cash provided by operating activities before changes in working capital for the nine months ended September 30, 2025, was $433.0 million, up from $22.8 million in the same period of 2024[47] Costs and Expenses - The average realized gold price for Q3 2025 was $3,503 per ounce sold, compared to $2,531 in Q3 2024[5] - Seabee reported a cost of sales of $2,185 per payable ounce in Q3 2025, significantly higher than $1,280 in Q3 2024[11] - The all-in sustaining cost (AISC) for CC&V was $1,756 per ounce sold in Q3 2025, compared to $1,536 in the previous year[9] - AISC for Seabee was reported at $3,003 per ounce sold in Q3 2025, up from $2,301 in Q3 2024[11] - Total cash costs (non-GAAP) are expected to range from $554 million to $679 million[37] - All-in sustaining costs (AISC) are projected to be between $786 million and $921 million[37] - Cost of sales (GAAP) is anticipated to be between $563 million and $689 million[37] - Cash cost per ounce (non-GAAP) is expected to be between $1,350 and $1,410[37] - All-in sustaining cost per ounce (non-GAAP) is projected to be between $1,890 and $1,950[37] - Total cost of sales (GAAP) for the three months ended September 30, 2025, was $165,682,000, a decrease from $138,281,000 in the same period of 2024[38] - Cash costs (non-GAAP) for the three months ended September 30, 2025, totaled $151,466,000, compared to $126,185,000 in the prior year, reflecting an increase of approximately 20%[38] - Total AISC (non-GAAP) for the three months ended September 30, 2025, was $246,622,000, up from $198,547,000 in the same period of 2024, indicating a year-over-year increase of about 24%[38] - The cost of sales per gold ounce sold for the nine months ended September 30, 2025, was $1,430, compared to $1,028 for the same period in 2024, reflecting a 39% increase[39] - The cash cost per gold equivalent ounce sold for the nine months ended September 30, 2025, was $1,312, compared to $1,198 in 2024, indicating a 10% increase[39] Liquidity and Capital Expenditures - As of September 30, 2025, SSR Mining had cash and cash equivalents of $409.3 million and total liquidity of $909.3 million[1] - The company spent $17.1 million on Hod Maden in Q3 2025, with total year-to-date spending of $44.4 million, and expects full-year development capital spend of $60 to $100 million[1] - The company's net cash position improved to $179.3 million as of September 30, 2025, compared to $157.9 million at the end of 2024[31] - Total liquidity reached $909.3 million as of September 30, 2025, up from $887.9 million at the end of 2024[32] - The company has a borrowing capacity of $400 million on its credit facility, with an additional $100 million accordion feature available[32] Operational Updates and Future Outlook - SSR Mining is advancing key brownfield growth projects, including Buffalo Valley at Marigold and Cortaderas at Puna, which are expected to extend mine life at each operation[1] - The company remains committed to restarting operations at the Çöpler mine but cannot currently estimate when operations will resume[1] - The company continues to work closely with authorities in Türkiye to advance the restart of the Çöpler mine, which has been suspended since February 2024[15] - Gold production guidance for 2025 is projected to be between 320,000 and 380,000 ounces[37] - Silver production guidance for 2025 is estimated at 8.00 to 8.75 million ounces[37] - A technical report for CC&V is on track for publication in 2025[9] - Future production and operational targets are contingent on various factors, including regulatory approvals and market conditions[25] Shareholder and Community Relations - The company emphasizes the importance of cash costs and AISC for assessing operating profitability and cost structure[34] - The company is focused on maintaining community and government relations as part of its operational strategy[24] - Forward-looking statements indicate potential risks related to global economic conditions and regulatory changes that may impact operations[23]

DENVER--(BUSINESS WIRE)--SSR Mining Inc. (Nasdaq/TSX: SSRM) ("SSR Mining" or the "Company") reports consolidated financial results for the third quarter ended September 30, 2025. Operating results: Third quarter 2025 production was 102,673 gold equivalent ounces at cost of sales of $1,585 per payable ounce and all-in sustaining costs ("AISC†) of $2,359 per payable ounce, or $2,114 per payable ounce exclusive of costs incurred at Çöpler in the quarter.(1) Year-to-date, the Company produced 326,9. ...

Financial Performance - Revenue for Q3 2025 reached $385.8 million, a 50% increase from $257.4 million in Q3 2024[17] - Operating income for the nine months ended September 30, 2025, was $259.1 million, compared to a loss of $356.7 million in the same period of 2024[17] - Net income attributable to SSR Mining shareholders for Q3 2025 was $65.4 million, significantly up from $10.6 million in Q3 2024[17] - Total revenue for the nine months ended September 30, 2025, was $1,107,912,000, a significant increase compared to $672,431,000 for the same period in 2024, reflecting a growth of approximately 64.5%[74] - Net income for the three months ended September 30, 2025, was $57.1 million, an increase of 813.3% compared to $6.3 million for the same period in 2024[144] - For the nine months ended September 30, 2025, net income attributable to SSR Mining shareholders was $214.3 million, a recovery from a net loss of $266.8 million in 2024[101] Cash and Liquidity - Cash and cash equivalents increased to $409.3 million as of September 30, 2025, from $387.9 million at the end of 2024[22] - The company reported a net cash provided by operating activities of $299.8 million for the nine months ended September 30, 2025, compared to a cash used of $54.8 million in the same period of 2024[20] - Cash used in investing activities for the nine months ended September 30, 2025, was $286.4 million, an increase of $182.8 million from $103.6 million in 2024, primarily due to $106.0 million for the acquisition of CC&V and $59.6 million in higher capital expenditures[203] - Cash provided by financing activities was $20.7 million for the nine months ended September 30, 2025, compared to $4.6 million in 2024, mainly due to a $9.8 million decrease in common share purchases and cancellations[204] Assets and Liabilities - Total assets grew to $5.9 billion as of September 30, 2025, compared to $5.2 billion at the end of 2024[22] - Total liabilities increased to $1.76 billion as of September 30, 2025, from $1.24 billion at the end of 2024[22] - The fair value of cash and marketable securities as of September 30, 2025, was $459.9 million, with total liabilities at $178.5 million[104] - Reclamation and remediation liabilities increased to $633.1 million as of September 30, 2025, compared to $326.6 million in the same period of 2024[90] Operational Updates - The company suspended operations at the Çöpler mine due to a significant incident, with no current estimate on when operations will resume[36] - SSR Mining temporarily halted operations at the Seabee mine for approximately two weeks due to power interruptions caused by forest fires, resuming on June 13, 2025[35] - The company has not resumed operations at Çöpler since the incident in February 2024, impacting overall production and revenue generation[66] - Care and maintenance expenses for Q3 2025 were $37.291 million, reflecting ongoing costs associated with the suspension of operations at Çöpler[68] Acquisitions and Investments - The Company acquired Cripple Creek and Victor Gold Mine for $100.0 million in upfront cash and up to $175.0 million in milestone-based payments, expected to enhance scale and free cash flow[47] - The total purchase price for the acquisition of CC&V amounted to $247.7 million, including $105.96 million in cash consideration and $141.76 million in contingent consideration[51] - The Company became liable for milestone-based payments totaling up to $175.0 million in connection with the acquisition of CC&V during the nine months ended September 30, 2025[205] Production and Sales - Gold sales contributed $260.1 million in Q3 2025, up 63% from $159.6 million in Q3 2024, while silver sales increased by 33% to $108.0 million[83] - Gold produced increased by 19.1% to 75,212 ounces for the three months ended September 30, 2025, compared to 63,155 ounces for the same period in 2024[144] - The company reported provisional metal sales of 5.3 million ounces of silver at an average price of $38.28 per ounce as of September 30, 2025[84] Expenses and Costs - The cost of sales for the same period was $165.682 million, up from $138.281 million in 2024, indicating a rise of about 20%[66] - General and administrative expenses for Q3 2025 were $40.228 million, which is a new expense category introduced as operations at Çöpler ceased in February 2024[66] - Care and maintenance costs for the nine months ended September 30, 2025 were $110.8 million, an increase from $84.3 million for the same period in 2024, reflecting direct costs and depreciation during operational suspensions[161] Foreign Exchange and Taxation - The company reported a foreign exchange loss of $12.837 million for Q3 2025, compared to a loss of $7.521 million in Q3 2024, indicating a worsening in foreign exchange impacts[66] - The consolidated effective income tax rate for the first nine months of 2025 was 18.7%, significantly higher than 2.1% for the same period in 2024[97] - Foreign exchange loss for the nine months ended September 30, 2025 was $29.1 million, significantly higher than $7.6 million for the same period in 2024, primarily due to the weakening of the ARS against the USD[168]

Core Points - SSR Mining announced the resignation of Mr. Simon Fish from its Board of Directors, effective immediately, as he takes on a new role at TD Bank Group [1][2] - Mr. Fish has been a member of the Board since 2018 and held significant positions including Chair of the Corporate Governance and Nominating Committee [1][2] - Following his resignation, the Board will consist of eight Directors [2] Company Information - SSR Mining is listed on Nasdaq and TSX under the ticker symbol SSRM [3] - The company is involved in the mining and minerals industry, focusing on natural resources [5]

Core Insights - The article discusses potential investment opportunities in SSR Mining Inc. (SSRM) based on recent market developments and financial performance [1][2]. Financial Performance - SSR Mining reported a revenue increase of 15% year-over-year, reaching $500 million in the last fiscal year [1]. - The company's net income rose to $100 million, reflecting a 20% increase compared to the previous year [1]. Market Trends - The gold market has shown signs of recovery, with prices increasing by 10% over the last quarter, which may positively impact SSR Mining's profitability [1]. - Increased demand for gold in emerging markets is expected to drive further growth in the sector [1]. Investment Opportunities - Analysts suggest that SSR Mining may present a beneficial long position due to its strong financials and favorable market conditions [1]. - The potential for further exploration and expansion projects could enhance the company's growth prospects [1].

Core Insights - The article discusses potential investment opportunities in SSR Mining Inc. (SSRM) based on recent market developments and financial performance Financial Performance - SSR Mining reported a revenue increase of 15% year-over-year, reaching $500 million in the last fiscal year [1] - The company's net income rose to $100 million, reflecting a 20% increase compared to the previous year [1] Market Developments - The gold market has shown signs of recovery, with prices increasing by 10% over the last quarter, positively impacting SSR Mining's operations [1] - Increased demand for gold in emerging markets is expected to drive further growth for SSR Mining [1] Investment Opportunities - Analysts suggest that SSR Mining may present a beneficial long position due to its strong financials and favorable market conditions [1] - The potential for further price appreciation in gold could enhance SSR Mining's stock performance in the near term [1]

Core Insights - SSR Mining (NASDAQ: SSRM) is highlighted as a notable mid-cap mining company with a diversified portfolio across North and South America and Turkey [1] Company Overview - SSR Mining operates in the mining sector, focusing on gold and silver production, and is recognized for its strategic positioning in various geographical markets [1] Investment Strategy - The investment strategy employed emphasizes uncovering high-upside opportunities in overlooked sectors, particularly in small-cap stocks, energy, and commodities [1] - The approach is based on the CAN SLIM framework, incorporating fundamental momentum indicators such as EPS, ROE, and revenue growth [1] - Additional econometric tools like GARCH and Granger causality are utilized to assess risk and market cycles [1] Market Positioning - The company is perceived as having a disconnect between market narrative and actual financial performance, suggesting potential investment opportunities [1]