SSR Mining Q2 adjusted EPS beats expectations

Overview

• SSR Mining Q2 revenue rises to $405.5 mln, beating analyst expectations, per LSEG data

• Adjusted EPS for Q2 at $0.51, surpassing analyst expectations, per LSEG data

• Co received $44.4 mln insurance proceeds for Çöpler incident

Outlook

• SSR Mining expects 2025 production of 410,000-480,000 gold equivalent ounces

• SSR Mining expects Puna 2026 silver production of 7-8 mln ounces

Result Drivers

• CC&V INTEGRATION - Positive integration of CC&V mine generated $85 mln in free cash flow since the close of the acquisition.

• INSURANCE PROCEEDS - $44.4 mln received from business interruption insurance related to Çöpler incident

• PUNA MINE EXTENSION - Efforts to extend Puna mine life through pit laybacks and stockpile processing

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "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 $13.68, about 8.1% above its August 4 closing price of $12.57

Press Release: ID:nBwRYz5Ha