Highlights

  • SSR Mining shows 40.09% basic EPS growth, a P/E of 10.73 and PEG of -0.47.
  • Second quarter revenue was $443,798 thousand, up 9.5% from $405,455 thousand.
  • SSR Mining completed the Çöpler divestiture for approximately $1.5 billion in cash.
  • SSR Mining repurchased 10,424,713 shares for $337.8 million in the second quarter.

SSR Mining (NASDAQ:SSRM) reported second quarter 2026 net income attributable to shareholders of $97,286 thousand, and the undervalued growth stock figures read 40.09% one-year growth in basic earnings per share, a trailing twelve-month P/E of 10.73 and an expected-basis PEG of -0.47, with shares trading at USD 28.96 on October 28, 2026, down 1.03%. On the company's side, the precious metals producer received approval of its normal course issuer bid in March, completed the divestiture of its 80% interest in the Çöpler mine on June 24 and amended its revolving credit facility on July 31.

SSR Mining is a precious metals mining company headquartered in Denver, Colorado, and incorporated in British Columbia. It operates four mines in the United States, Canada and Argentina: Marigold in Nevada, Cripple Creek & Victor in Colorado, Seabee in Saskatchewan and Puna in Jujuy. The company produces gold doré as well as copper, silver, lead and zinc concentrates, and is engaged in the acquisition, exploration and development of precious metal properties in the Americas.

Growth: Second Quarter Revenue, Earnings and Production

Revenue was $443,798 thousand in the second quarter against $405,455 thousand, up 9.5%, and $1,025,576 thousand for the six months against $722,073 thousand, up 42.0%. The company attributed the quarterly increase primarily to a 28.9% increase in the average realized gold price and a 110.7% increase in the realized silver price, partially offset by an 18.5% decrease in gold ounces sold.

Net income from continuing operations was $137,014 thousand against $131,983 thousand. Basic net income per share from continuing operations was $0.66 against $0.65, and diluted was $0.66 against $0.61. Net income attributable to SSR Mining shareholders was $97,286 thousand against $90,075 thousand, after a net loss from discontinued operations attributable to shareholders of $39,728 thousand.

Gold equivalent production was 101,959 ounces against 120,191, and operating income was $191,676 thousand against $168,076 thousand.

Valuation: P/E of 10.73, PEG of -0.47 and Cash Flow

The P/E ratio of 10.73 is measured on trailing twelve-month earnings, and the PEG ratio of -0.47 on an expected basis. Net cash provided by operating activities from continuing operations was $420.5 million for the six months against $269.9 million.

On the second quarter call, management said that at current valuation levels it continues to view repurchasing shares as an accretive use of capital. Executive Chairman Rodney Antal said the company has returned $400 million to shareholders year to date.

Capital Returns, Cash and Credit Facility

The Board approved an additional $500.0 million for repurchases under the 2026 normal course issuer bid on June 15; the bid allows up to 21.5 million shares through March 30, 2027. In the second quarter SSR Mining purchased and cancelled 10,424,713 shares at an average price of $32.40 for $337.8 million. The Board also approved reinstating a quarterly dividend of $0.03 per share, and no dividends were declared in the six months.

Cash and cash equivalents were $1,783.0 million at June 30, 2026, an increase of $1,267.5 million from year end, with no borrowings under the credit agreement. The Çöpler divestiture brought in $1,495.0 million. The July 31 amendment extends the revolving credit facility to July 31, 2030 and increases it to $600.0 million.

Disclosed Risks and Outlook

Gold sold fell 18.5% and silver sold fell 40.6% in the quarter. AISC, a non-GAAP measure, was $2,622 per gold equivalent ounce sold against $1,858. The effective tax rate was 26.1% against 18.2%, and the foreign exchange loss was $18.3 million. The six-month net loss from discontinued operations was $410.4 million, including a $337.4 million loss on the Çöpler divestiture.

Securities class actions over the February 2024 Çöpler incident remain open in the United States and Canada. The U.S. court dismissed the consolidated action with prejudice on July 17, 2026, and the lead plaintiff had 30 days to appeal. The Canadian actions seek unspecified damages, and no liability has been recorded. Newmont and Cripple Creek & Victor also sued Colorado regulators on March 9, 2026 over Carlton Tunnel discharge permits.

On the call, management maintained full-year guidance of 450,000 to 535,000 gold equivalent ounces and expects AISC at the upper end of its range, with 55% to 60% of second half production in the fourth quarter. It lifted sustaining capital guidance to $230 million to $235 million and expects an updated Marigold technical report before the end of 2026.