Loading…
Loading…
SSR Mining recently sold off its most troublesome asset. The gold miner is now flush with cash with no debt.
SSR Mining advances Marigold growth initiatives and exploration as higher grades are expected to drive H2 production upside.
SSR Mining remains a Buy after selling Copler and exiting Turkey, strengthening its balance sheet with $1.8 billion cash and no debt. Despite Q2's elevated AISC of $2,622/oz and higher sustaining capex, full-year production guidance is reaffirmed with a significant Q4 ramp expected. Capital returns accelerate with $409 million in buybacks YTD, a new $500 million authorization, and a reinstated dividend, targeting peer-leading shareholder yield.
They rose on increased hopes that the Fed won't raise interest rates. Numerous gold and silver stocks were swept up in a sympathy rally.
This was due largely to hawkish remarks from Fed chair Kevin Warsh. Higher rates would mean higher yields for assets like bonds.
SSR Mining is reiterated as a Strong Buy after divesting its Turkish assets and pivoting to the Americas, unlocking significant re-rating potential. SSRM's $1.49B Çöpler sale and Hod Maden royalty deal have reduced geopolitical risk, strengthened the balance sheet, and enabled focused capital deployment in North America. Despite near-term cost pressures and gold price volatility, SSRM's robust cash position ($1.78B) provides flexibility for strategic growth and shareholder returns, with buybacks representing a 5.2% yield in H1 alone.
SSR Mining reported Q2 2026 financial results this morning. The company reinstated its quarterly dividend.
SSR Mining Inc. (SSRM:CA) Q2 2026 Earnings Call Transcript