SSR Mining Q1 adjusted EPS beats expectations on higher gold output, prices

Overview

• Gold and silver miner's Q1 adjusted EPS beat analyst expectations

• Company completed $300 mln share buyback after quarter-end

• SSR Mining, on March 4, signed definitive deal to sell Çöpler mine for $1.5 bln

Outlook

• SSR Mining maintains full-year 2026 production guidance of 450,000 to 535,000 gold equivalent oz

• Company expects Marigold production to be 170,000 to 200,000 oz gold in 2026

• SSR Mining expects minimal capital costs at Hod Maden pending strategic review update by end-Q3

Result Drivers

• CC&V PRODUCTION INCREASE - Higher gold output at Cripple Creek & Victor drove revenue and cash flow growth

• HIGHER REALIZED PRICES - Increased realized gold and silver prices supported revenue growth

• COST INCREASES - Higher all-in sustaining costs, especially at Seabee and Puna, weighed on margins

Company press release: ID:nBwbwJRNPa

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "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 $44.00, about 55.3% above its May 4 closing price of $28.34

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

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