SSR Mining Q3 revenue and adjusted net income rise year over year

SSR Mining

Tue 21:23

Overview
US gold and silver miner's Q3 revenue rose yr/yr
Q3 adjusted net income increased yr/yr
Company completed $193.6 mln in share buybacks during Q3

Outlook
SSR Mining maintains 2026 production guidance of 450,000-535,000 gold equivalent ounces
Company expects full-year AISC to trend about 10% above top end of 2026 guidance
Company expects robust free cash flow into year-end despite higher costs

Result Drivers
MARIGOLD PRODUCTION TIMING - Co said Q3 production at Marigold was affected by planned inventory drawdown and operational upgrades, with more output expected in Q4
PUNA RESEQUENCING AND COST PRESSURES - Co said deferral of lower-cost ore processing and higher input costs at Puna contributed to higher costs in Q3
SEABEE MAINTENANCE - Q3 results at Seabee included planned maintenance downtime, which was deferred from Q2

Company press release: ID:nBw3z4VV1a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$447.66 mln
 
Q3 Adjusted Net Income Attributable  
 
$130.74 mln
 
Q3 Net Income
 
$79.88 mln
 
Q3 Operating Income
 
$122.14 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "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 C$59.84, about 59.8% above its November 2 closing price of C$37.45
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

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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.)