SSR Mining Hits 52-Week High, Restarts Seabee Mine Operations

Core Insights - SSR Mining Inc. (SSRM) reached a new 52-week high of $13.46, closing at $12.74, driven by the restart of Seabee mine operations and high gold and silver prices [1][11] - SSRM has a market capitalization of $2.6 billion and holds a Zacks Rank 2 (Buy) [1] Seabee Mine Operations - Operations at the Seabee mine resumed on June 13, 2025, after a two-week suspension due to power outages caused by nearby forest fires [2] - The mine produced 26,001 ounces of gold in Q1 2025, reflecting a 9.4% year-over-year increase [2] Production Projections - SSRM expects the Seabee mine to produce between 70,000 and 80,000 ounces of gold in 2025, with a cost of sales projected at $1,230-$1,270 per payable ounce and an all-in sustaining cost (AISC) of $1,710-$1,750 per payable ounce [3] Acquisition of CC&V Mine - On March 3, 2025, SSRM completed the acquisition of the Cripple Creek & Victor (CC&V) mine from Newmont Corporation, positioning SSRM as the third-largest gold producer in the U.S. [4][11] - CC&V has reported gold Mineral Reserves of 2.4 million ounces, with an 85% year-over-year increase from 2023 [5] Production Increase from CC&V - The addition of the CC&V mine is expected to boost SSRM's annual gold production by 170,000 ounces [6] Development and Exploration Efforts - In Q1 2025, SSRM invested $12.2 million in the Hod Maden project, focusing on engineering and early-stage site development [7] - The company is advancing exploration and development initiatives across its asset portfolio to identify high-return, low-capital opportunities [7] Metal Price Trends - Silver prices reached a 13-year high above $36 per ounce, driven by investor demand for safe assets amid global uncertainty [8] - Gold prices have been influenced by geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, and central bank purchases, with gold breaking through the $3,500-per-ounce threshold in April 2025 [9] Stock Performance - SSRM shares have surged 177% over the past year, contrasting with a 1.3% decline in the industry [12]