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SSR Mining (SSRM) USD

At a glance: strengths & risks
✓Revenue growing (+64%)✓Margins improving (-19%→35%)✓Net cash balance sheet

Sector: Gold mining

Geography: United States, Canada, Turkey

COMM_SSRM

Price chart

27.2 USDDay -3.13%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
27.2 USD · -3.13%
Market cap
5.5 bn USD

Growth

Δ revenue y/y
83.7%
Δ EBITDA y/y
140.6%

Multiples

P/E (LTM)
24.0x
P/B (FY)
1.8x
P/E (ann.)
<0
EV/EBITDA (LTM)
6.4x
EV/EBITDA (ann.)
3.7x

Cash return

Dividend yield
—
FCF yield (LTM)
10.5%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-2.2%
↓ details

Liquidity

Daily turnover (listing)
51.4 mln USD

Shares: yahoo_fundamentals_timeseries/SSRM

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026 (3M)OK581.8
y/y 83.7%
300.4
y/y 181.3%
30.2
y/y -1.4%
330.6
y/y 140.6%
-106.5
y/y -281.1%
264.5-88.85946.7
y/y 5.4%
3631.0
y/y 14.6%
-11.9%-605.9Link
2025-12-31Q4 2025 (3M)OK521.7
y/y 61.4%
162.4
y/y 372.5%
31.1
y/y -18.9%
193.6
y/y 166.2%
181.5
y/y 3166.6%
172.1-65.76093.9
y/y 17.4%
3507.8
y/y 12.9%
11.6%-472.4Link
2025-09-30Q3 2025 (3M)OK385.8
y/y 49.9%
83.3
y/y 822.1%
28.2
y/y -7.3%
111.6
y/y 182.6%
65.4
y/y 519.9%
57.2-59.65907.8
y/y 14.9%
3327.1
y/y 7.3%
2.6%-437.9Link
2025-06-30Q2 2025 (3M)OK405.5
y/y 119.4%
108.9
y/y 915.7%
26.2
y/y 14.0%
135.1
y/y 300.6%
90.1
y/y 829.3%
160.3-60.25795.9
y/y 12.0%
3259.8
y/y 5.6%
11.2%-431.5Link
2025-03-31Q1 2025 (3M)OK316.6
y/y 37.5%
106.8
y/y —
30.6
y/y -20.3%
137.4
y/y —
58.8
y/y —
82.3-44.85644.5
y/y 7.5%
3168.1
y/y 2.9%
7.5%-323.6Link
2024-12-31Q4 2024 (3M)OK323.2
y/y -24.1%
34.4
y/y 111.6%
38.3
y/y -42.2%
72.7
y/y 131.4%
5.6
y/y 102.5%
95.0-38.65189.0
y/y -3.7%
3107.0
y/y -7.9%
-8.4%-81.6Link
2024-09-30Q3 2024 (3M)OK257.4
y/y -33.2%
9.0
y/y -88.3%
30.4
y/y -45.6%
39.5
y/y -70.4%
10.6
y/y -30.4%
-1.3-32.85143.9
y/y -10.5%
3100.2
y/y -14.3%
0.5%-48.5Link
2024-06-30Q2 2024 (3M)OK184.8
y/y -38.6%
10.7
y/y -79.7%
23.0
y/y -48.5%
33.7
y/y -65.4%
9.7
y/y -87.1%
-78.1-38.25175.6
y/y -9.8%
3088.3
y/y -14.5%
1.3%-66.3Link
2024-03-31Q1 2024 (3M)OK230.2
y/y -26.8%
-376.4
y/y -1117.8%
38.4
y/y -18.5%
-338.0
y/y -502.0%
-287.1
y/y -1062.9%
24.6-34.05251.8
y/y 0.3%
3078.8
y/y -14.3%
-35.6%-172.1Link
2023-12-31Q4 2023 (3M)OK425.9
y/y —
-297.6
y/y —
66.3
y/y —
-231.3
y/y —
-217.8
y/y —
203.2-58.85385.8
y/y —
3373.1
y/y —
-2.8%-171.7Link
2023-09-30Q3 2023 (3M)OK385.4
y/y —
77.5
y/y —
56.0
y/y —
133.5
y/y —
15.2
y/y —
135.3-47.55749.7
y/y —
3615.5
y/y —
0.6%-133.6Link
2023-06-30Q2 2023 (3M)OK301.0
y/y —
52.9
y/y —
44.6
y/y —
97.6
y/y —
74.9
y/y —
80.3-57.95739.5
y/y —
3613.7
y/y —
8.3%-42.9Link
2023-03-31Q1 2023 (3M)OK314.6
y/y —
37.0
y/y —
47.1
y/y —
84.1
y/y —
29.8
y/y —
3.0-59.25234.8
y/y —
3592.2
y/y —
—-207.7Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-400-20002004006002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-100%0%100%200%300%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-10001002002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

-800-600-400-20002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Gold

Proved reserves
10.89 mln gold oz eq
2025
Reserve life (R/P)
24.3 yrs
reserves ÷ annual output
Annual production
0.45 mln gold oz eq
2025

Production, mln gold oz eq

0.1120200.7920210.6220220.7120230.4020240.4520250.112026

Proved reserves

YearReserves, mln gold oz eq
202510.89
20247.89
20237.61

Production

YearProduction, mln gold oz eqper day
20260.11 * (3M)
+5.9%		1 204
20250.45
+12.0%		1 225
20240.40
−43.5%		1 094
20230.71
+13.3%		1 937
20220.62
−21.5%		1 709
20210.792 177
20200.11 * (3M)1 170

* partial year

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Key-commodity price — Gold

Current 4 050spot vs LTM -5%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -2.2% ▼ -3.1 pp 1d

Main driver: Gold -5% vs LTM; revenue ×0.95 vs costs ×1.06; EBITDA 811→472; at 10.1× EV/EBITDA → -2%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Gold (rev)+85%4 050.274 246.023 189.61-5%-25%
Silver (rev)+15%57.6462.8341.56-8%-34%
US Diesel Index (EIA) (cost)-15%5.134.224.10+22%-3%
Electricity Spot (cost)-10%57.8058.5652.39-1%-11%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue1 895
LTM EBITDA811
LTM cash costs (revenue − EBITDA)1 084
2 · Revenue projection
Revenue multiplier — spot×0.948 (-5%)
= Spot revenue1 797
Revenue multiplier — 3y price×0.738 (-26%)
= 3-year-price revenue1 398
3 · Costs projection
Cost multiplier — spot×1.061 (+6%)
= Spot cash costs1 151
Cost multiplier — 3y price×1.015 (+2%)
= 3-year-price cash costs1 101
4 · EBITDA projection (revenue − costs)
= Spot EBITDA646
= 3-year-price EBITDA297
Conservative EBITDA = min(spot, avg)472
5 · Valuation → target market cap
Historical EV/EBITDA (75th pct)10.1x
Target EV = EV/EBITDA × conservative EBITDA4 783
Net debt-615
Target market cap = EV − net debt5 398
Current market cap5 522

Upside = target market cap ÷ current − 1 = -2.2%

Life of mine: 24 yrs

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q2301305-1.2%98113-13.4%
2023 Q3385288+33.9%13388+52.3%
2023 Q4426343+24.3%-231117-298.2%
2024 Q1230378-39.0%-33842-901.1%
2024 Q2185396-53.3%34-34—
2024 Q3257365-29.6%39-45—
2024 Q4323329-1.8%73-76—
2025 Q1317295+7.3%137-9—
2025 Q2405337+20.3%135132+2.5%
2025 Q3386401-3.7%112163-31.4%
2025 Q4522498+4.8%233243-4.0%
2026 Q1582613-5.1%331350-5.5%

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +64% vs -30% the year before — a +93.9 pp move. 3-year CAGR +12%.
revenue growth by year: 2023 +24% · 2024 -30% · 2025 +64%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 4.3x · target 75th pct (3y) 13.9x · LTM avg 10.1x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2023-11-090.07 USDEx-dividend: 0.07 USD per sharePaidYahoo Finance (ex-div)
2023-08-110.07 USDEx-dividend: 0.07 USD per sharePaidYahoo Finance (ex-div)
2023-05-120.07 USDEx-dividend: 0.07 USD per sharePaidYahoo Finance (ex-div)
2023-03-020.07 USDEx-dividend: 0.07 USD per sharePaidYahoo Finance (ex-div)
2022-11-170.07 USDEx-dividend: 0.07 USD per sharePaidYahoo Finance (ex-div)
2022-08-110.07 USDEx-dividend: 0.07 USD per sharePaidYahoo Finance (ex-div)
2022-05-120.07 USDEx-dividend: 0.07 USD per sharePaidYahoo Finance (ex-div)
2022-03-040.07 USDEx-dividend: 0.07 USD per sharePaidYahoo Finance (ex-div)
2021-11-120.05 USDEx-dividend: 0.05 USD per sharePaidYahoo Finance (ex-div)
2021-08-130.05 USDEx-dividend: 0.05 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of SSR Mining (SSRM) — from primary filings.

SSR Mining Inc. acquires, explores, and develops precious metal resource properties, primarily producing gold, silver, copper, lead, and zinc from mines in the United States, Türkiye, Canada, and Argentina.

Frequently asked questions

What is SSR Mining (SSRM)'s P/E ratio?
SSR Mining (SSRM) trades at a P/E of 24.0x (price to trailing 12-month earnings).
What is SSR Mining (SSRM)'s EV/EBITDA?
SSR Mining (SSRM) trades at 6.4x EV/EBITDA.
What is SSR Mining (SSRM)'s P/B ratio?
SSR Mining (SSRM) trades at a P/B of 1.8x.
What is SSR Mining (SSRM)'s return on equity (ROE)?
SSR Mining (SSRM)'s ROE is -10.7%.
What is SSR Mining (SSRM)'s market capitalization?
SSR Mining (SSRM)'s market cap is 5.5 bn USD.