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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$405.46 mln
$351.80 mln (1 Analyst)
Q2 Adjusted EPS
Beat
$0.51
$0.21 (6 Analysts)
Q2 Adjusted Net Income
$110.07 mln
Q2 Net Income
$80.36 mln
Q2 Operating Income
$108.88 mln
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
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)