Key Highlights

  • SSR Mining (NASDAQ:SSRM) traded at USD 27.77, down 2.17%, on October 26, 2026, with a market Capitalization of USD 5.66 billion, a P/E ratio of 25.61 and trailing Earnings of USD 1.08 per share in published market data.
  • SSR Mining (NASDAQ:SSRM) reported second-quarter Revenue of USD 443.8 million, Net Income of USD 137.0 million, or USD 0.66 per share, and free Cash Flow of USD 50.3 million on 101,959 gold equivalent ounces.
  • SSR Mining (NASDAQ:SSRM) held USD 1.783 billion of cash with no long-term Debt at June 30, 2026, about 31.5% of its market capitalization, simple arithmetic, after selling its 80% Çöpler stake for about USD 1.49 billion.
  • Unit AISC of USD 2,622 per gold equivalent ounce in the second quarter leaves roughly USD 1,406 per ounce at USD 4,028 gold, simple arithmetic, the thinnest Margin among the larger producers.

What SSR Mining Reported

Gold traded near USD 4,028 on October 26, 2026, about 3.9% below its USD 4,190.60 level on October 12, while silver traded near USD 53.85, about 11.0% lower over the same two weeks, in published market data. For SSR Mining (NASDAQ:SSRM), second-quarter production was 101,959 gold equivalent ounces, including 75,601 ounces of gold, versus 120,191 in the second quarter of 2025, a decline of about 15.2%. Cost of sales was USD 1,775, cash costs USD 1,637 and AISC USD 2,622 per gold equivalent ounce sold. First-half production of 211,873 ounces came at an AISC of USD 2,521 with Operating Cash Flow of USD 420.5 million and free cash flow of USD 299.1 million.

Capital Returns and Portfolio Changes

The company repurchased USD 337.8 million of shares, 10.4 million shares, in the second quarter and USD 409.2 million, 12.9 million shares, year to date. The board approved a further USD 500 million on June 15, with USD 109.2 million used through July 31, and a USD 0.03 Dividend was payable September 11, 2026. The Çöpler stake was sold on June 24 for about USD 1.49 billion in cash, and the Hod Maden 20% stake was sold on July 17 for an uncapped 4.0% net smelter Royalty on the whole project. The revolver rose from USD 400 million to USD 600 million and now runs to July 31, 2030.

Mine Costs and Risks

Marigold produced 31,059 ounces at an AISC of USD 3,044, Cripple Creek and Victor 27,725 ounces at USD 1,995, Seabee 16,817 ounces at USD 2,358 and Puna 1.7 million ounces of silver at USD 29.52. Growth capital guidance was raised at all four sites. Full-year production guidance is 450,000 to 535,000 gold equivalent ounces, with AISC trending toward the top of range. Higher unit costs, falling output and a P/E of 25.61 are the main risks to the metals-up case. Free cash flow of USD 50.3 million in the quarter was well below the first-half total. Third-quarter results are due November 3, 2026 after the close, with a call at 5:00 p.m. ET.

Where Things Stand

The answer is that SSR Mining (NASDAQ:SSRM) fell 2.17% as gold and silver both slid, and its higher unit costs make its margin more sensitive to price than larger peers. A cash balance of USD 1.783 billion and no long-term debt give it room to keep buying back stock, but falling output and an AISC trending toward the top of guidance are real risks ahead of November 3.