Core Insights - SSR Mining reported third-quarter 2025 financial results, falling short of analysts' revenue expectations with sales of $385.8 million compared to the anticipated $400.1 million, leading to a decline in stock price [1][3] - The company provided a lackluster production guidance for the end of 2025, projecting gold equivalent ounces (GEO) production between 410,000 to 480,000, which is slightly above the 399,267 ounces produced in 2024 [4] - SSR Mining's all-in sustaining costs (AISC) for 2025 are projected to be between $2,090 to $2,150 per GEO, higher than the $1,878 reported in 2024, indicating rising cost pressures [5] Financial Performance - SSR Mining's revenue for Q3 2025 was $385.8 million, missing the expected $400.1 million [3] - Adjusted earnings per share met expectations at $0.32 [3] Market Reaction - Following the earnings report, SSR Mining's stock fell by 9%, recovering slightly from an earlier decline of 16.2% [1] Valuation and Investment Outlook - SSR Mining is currently trading at 8.9 times operating cash flow, which is a premium compared to its five-year average cash-flow multiple of 5.9, suggesting it may not be an attractive investment opportunity at this time [6][7] - The company's projected higher costs and lack of strong production guidance further indicate that it may not be the best option for investors seeking exposure to precious metals [6][7]