SSR Mining 2025 Q2 Earnings Strong Performance as Net Income Surges 3161%

SSR Mining (SSRM) reported its fiscal 2025 Q2 earnings on Aug 05, 2025, delivering robust financial results driven by surging gold prices and improved operational performance. The company far outperformed expectations, with revenue and net income posting historic growth. Management reaffirmed full-year production guidance and highlighted key operational progress, particularly at its recently acquired CC&V mine.

SSR Mining’s total revenue surged 119.4% year-over-year to $405.45 million in the second quarter of 2025, reflecting strong performance across several key assets. The CC&V and Puna operations led the charge, contributing $149.97 million and $102.16 million, respectively. The Marigold mine added $118.79 million in revenue, while the Seabee mine generated $34.54 million. No revenue was recorded from the Copler or Other Reconciling Items segments, with consolidated revenue totaling $405.45 million.

Earnings for the quarter were equally impressive, with net income soaring to $80.36 million—up from just $2.46 million in the same period last year, a 3,161.4% increase. Earnings per share (EPS) jumped 780% to $0.44, underscoring the company’s strong profitability and operational leverage. The results reflect a clear acceleration in earnings growth, driven by higher gold prices and lower production costs.

The stock price of SSR Mining gained 3.71% on the latest trading day and rose 5.87% over the most recent full trading week. However, it declined 1.44% month-to-date.

The post-earnings price action review revealed that a strategy of buying SSR Mining shares after a revenue growth quarter and holding for 30 days underperformed the broader market over the past three years. This strategy returned -11.37%, compared to the benchmark’s 48.58% gain, resulting in an excess return of -59.95%. The negative compound annual growth rate (-4.08%) and maximum drawdown of 0% indicate that the strategy lacked both growth and upside potential.

Rod Antal, Executive Chairman of SSR Mining, emphasized the company’s strong second-quarter performance, particularly the successful integration of CC&V, which has already generated $85 million in free cash flow since the acquisition. He also highlighted progress at Hod Maden and ongoing efforts to restart the Çöpler mine in Türkiye. Antal expressed confidence in the long-term potential of CC&V and the value of the accretive transaction, while acknowledging the challenges still associated with the Çöpler project.

The company reaffirmed its full-year 2025 production guidance of 410,000 to 480,000 gold equivalent ounces, with cost of sales between $1,375 and $1,435 per payable ounce and all-in sustaining costs (AISC) between $2,090 and $2,150 per payable ounce. SSR Mining also raised its silver production expectations at Puna, projecting 7 to 8 million ounces in 2026 and averaging around 4 million ounces in 2027 and 2028. Free cash flow generation at CC&V remains on track, with a technical report expected in 2025. Progress continues at Çöpler toward a potential restart, though no timeline has yet been provided.

Additional News
In late July 2025, SSR Mining completed the full integration of its newly acquired CC&V gold-silver operation in Argentina, marking a major milestone in its growth strategy. The acquisition, finalized in late 2024, is expected to significantly boost both production and free cash flow. On the executive front, Rod Antal was reappointed as Executive Chairman, signaling continued leadership stability. In early August, the company announced a new multi-year capital allocation strategy, including increased reinvestment in core assets and exploration, but no immediate dividend or buyback initiatives were disclosed. These moves reflect a strategic shift toward long-term growth over short-term shareholder returns.