SSR Mining (SSRM) Falls 10% as Production Outlook Lowered in FY25

Core Viewpoint - SSR Mining Inc. (NASDAQ:SSRM) experienced a significant decline in stock price by 10.23% to $19.48 due to a lowered production outlook for full-year 2025, despite reporting strong earnings in Q3 [1][3]. Financial Performance - In Q3, SSR Mining reported a net income attributable to shareholders of $65.4 million, a 523% increase from $10.5 million in the same period last year [4]. - Revenues for the same quarter rose by 50% to $385.8 million, up from $257.3 million year-on-year [4]. Production Outlook - The company expects full-year production to be at the lower end of its previous guidance range of 410,000 to 480,000 gold equivalent ounces [2]. - Consolidated costs are projected to reach the upper end of the guidance range due to higher-than-expected gold prices impacting royalty costs and share-based compensation [3]. Management Commentary - Executive Chairman Rodney Antal stated that Q3 operating results were generally aligned with internal plans and expressed optimism for a solid Q4 to meet 2025 production guidance [5]. - The company highlighted growth opportunities, particularly in Türkiye, with plans to advance operations at Çöpler and the Hod Maden investment decision [6].