SSR Mining misses Q3 revenue estimates hurt by high royalty costs

Overview

• SSR Mining Q3 revenue missed analyst expectations,

• Co beats adjusted EPS estimates

• SSR Mining produced 102,673 gold equivalent ounces in Q3 2025

• Company expects full-year production in lower half of guidance range

Outlook

• SSR Mining expects 2025 production in lower half of 410,000-480,000 oz guidance range

• Company trending towards upper end of 2025 cost guidance due to gold prices

• SSR Mining plans updated life of mine plan for Hod Maden soon

Result Drivers

• HIGHER GOLD PRICES - Increased royalty costs due to higher-than-expected gold prices impacted Q3 results

• INVENTORY MOVEMENTS - Negative free cash flow driven by inventory movements at Marigold and CC&V

• ÇÖPLER SUSPENSION - Ongoing suspension of Çöpler mine operations continues to affect production costs

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy."

• Wall Street's median 12-month price target for SSR Mining Inc is $25.25, about 9.3% above its November 3 closing price of $22.89

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw6FnXlYa

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