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

SSR Mining

05/05/2026 21:41

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

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$581.78 mln
$539.39 mln (2 Analysts)
Q1 Adjusted EPS
Beat
$1.15
$0.86 (7 Analysts)
Q1 Adjusted Net Income
Slight Beat*
$250.08 mln
$247.61 mln (1 Analyst)
Q1 Net Income
-$115.15 mln
Q1 Operating Income
$300.38 mln


*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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)