SSR Mining Inc. is a leading, free cash flow focused intermediate gold company with a producing assets located in the USA, Turkey, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets in the USA, Turkey, Mexico, Peru, and Canada. In 2020, the operating assets produced approximately 711,000 gold-equivalent ounces.

Company profile
Ticker
SSRM
Exchange
Website
CEO
Paul Benson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SILVER STANDARD RESOURCES INC
SEC CIK
Corporate docs
Subsidiaries
0694758 B.C. Ltd. • Alacer Gold Corp. • Alacer Gold Corp. S.a.r.l. • Alacer Gold Holdings Corp. S.a.r.l. • Candelaria Mining Company • Fossores Ltd. • Intertrade Metals Corp. • Intertrade Metals Limited Partnership • M-18 Gold S.A. • Marigold Mining Company ...
SSRM stock data
News

SSR Mining's Ex-Dividend Date Is Thursday, Here's What You Need To Know
8 Aug 22
Recap: SSR Mining Q2 Earnings
2 Aug 22
SSR Mining Q2 EPS $0.30 Beats $0.24 Estimate, Sales $319.58M Beat $297.35M Estimate
2 Aug 22
Earnings Scheduled For August 2, 2022
2 Aug 22
Why SSR Mining Shares Are Falling Today
27 Jun 22
Press releases
SSR MINING REPORTS SECOND QUARTER 2022 RESULTS
2 Aug 22
SSR MINING ANNOUNCES RESTRUCTURING OF EXECUTIVE TEAM
2 Aug 22
SSR MINING ANNOUNCES CLOSING OF SALE OF PITARRILLA PROJECT TO ENDEAVOUR SILVER
6 Jul 22
SSR MINING TO ANNOUNCE SECOND QUARTER 2022 CONSOLIDATED FINANCIAL RESULTS ON AUGUST 2, 2022
5 Jul 22
SSR MINING HOSTS MINISTRY OF ENVIRONMENT, URBANIZATION AND CLIMATE CHANGE OFFICIALS AT ÇӦPLER
28 Jun 22
Analyst ratings and price targets
Calendar
1 Aug 22
9 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 973.99M | 973.99M | 973.99M | 973.99M | 973.99M | 973.99M |
Cash burn (monthly) | 20.11M | 5.03M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 26.99M | 6.75M | n/a | n/a | n/a | n/a |
Cash remaining | 946.99M | 967.24M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 47.1 | 192.4 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Jul 22 | Steward John Beckman | Common Shares | Sell | Dispose S | No | Yes | 16.28 | 5,400 | 87.91K | 151,655 |
1 Jul 22 | Arthur Michael Anglin | Deferred Share Unit Common Shares | Grant | Acquire A | No | No | 0 | 4,768 | 0 | 207,536 |
1 Jul 22 | Thomas R Bates JR | Deferred Share Unit Common Shares | Grant | Acquire A | No | No | 0 | 1,589 | 0 | 81,174 |
1 Jul 22 | Brian R Booth | Deferred Share Unit Common Shares | Grant | Acquire A | No | No | 0 | 1,878 | 0 | 48,310 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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Financial report summary
?Risks
- Risks Related to the Company's Operations and Business
- Changes in the market prices of gold, silver and other metals, which in the past have fluctuated widely, will affect the Company’s operations.
- Epidemics, pandemics or other public health crises, including COVID-19, could adversely affect the Company’s business.
- The Company may be unable to replace its mineral reserves or acquire additional commercially mineable mineral rights.
- The Company’s estimates of mineral reserves and mineral resources are based on interpretation and assumptions and may yield less mineral production under actual conditions than is currently estimated.
- Increased operating and capital costs could affect the Company's profitability.
- The Company's operations may be adversely affected by rising energy prices or energy shortages.
- Supply chain and other disruptions could adversely affect the Company's business.
- Continuation of the Company's mining production is dependent on the availability of sufficient water supplies to support our mining operations.
- The Company may be exposed to future development risks.
- Land reclamation, mine closure and remediation requirements and costs may be burdensome and actual environmental and asset retirement obligations may exceed estimates and reserves.
- The Company is subject to certain transportation risks that could have a negative impact on the Company’s ability to operate.
- The Company may be subject to information systems security threats.
- General economic conditions may adversely affect the Company’s growth and profitability.
- The Company faces intense competition in the mining industry.
- The Company may be subject to risks associated with future acquisitions.
- The Company’s joint venture interests are subject to risks.
- The Company’s interest in deferred consideration received from divestitures may not be fully realizable.
- Reputation loss may result in decreased investor confidence, increased challenges in developing and maintaining community relations and an impediment to the Company’s overall ability to advance its projects, thereby having a material adverse impact on the Company’s financial performance, financial condition, cash flows and growth prospects.
- The Company’s insurance coverage does not cover all of the Company’s potential losses, liabilities and damages related to its business and certain risks are uninsured and uninsurable.
- The Company is exposed to market and/or counterparty risks related to the sale of its concentrates and metals.
- Financial Risks and Risks Related to Our Indebtedness
- The Company is subject to risks associated with its financial instruments.
- The Company may be adversely affected by fluctuations in foreign exchange rates.
- Inflation may have a material adverse effect on results of operations.
- The Company may be subject to risks associated with hedging activities.
- Future funding requirements may affect the Company's business or its ability to develop mineral properties, complete exploration and development programs, pay cash dividends or engage in share repurchase transactions.
- The Company may be unable to generate sufficient cash to service its debt and other actions to satisfy such obligations may be unsuccessful.
- The Company may fail to fulfill its obligations under existing and future indebtedness, and such indebtedness may impair the financial health of the Company.
- The Company may fail to meet financial covenants related to its indebtedness.
- Risks Related to Our Industry and the Jurisdictions in Which We Operate
- Political or economic instability or unexpected regulatory change in the countries where the Company’s mineral properties are located could adversely affect its business.
- Suitable infrastructure may not be available or damage to existing infrastructure may occur.
- Mining is inherently risky and subject to conditions and events beyond the Company’s control.
- Mining companies are increasingly required to consider and provide benefits to the communities and countries in which they operate in order to maintain operations.
- Indigenous peoples’ title claims and rights to consultation and accommodation may affect the Company’s existing operations as well as development projects and future acquisitions.
- Civil disobedience in certain of the countries where the Company’s mineral properties are located could adversely affect its business.
- The Company and the mining industry face geotechnical challenges, which could adversely impact our production and profitability.
- Risks Related to Our Personnel
- Certain of the Company’s directors and/or officers also serve, or may serve, as directors of other companies involved in natural resource exploration and development, and consequently there exists the possibility for these directors and/or officers to be in a position of conflict.
- The Company could be subject to potential labor unrest or other labor disturbances.
- The Company is dependent on its ability to recruit and retain qualified personnel.
- The Company relies on contractors to conduct a significant portion of its operations and construction projects.
- Risks Related to Governmental Regulation and Legal Proceedings
- The Company is subject to significant governmental regulations.
- The Company requires permits to conduct its operations, and delays in obtaining or failing to obtain such permits, or a failure to comply with the terms of any such permits that the Company has obtained, would adversely affect the Company’s business.
- The Company’s activities are subject to environmental laws and regulations that may increase the Company’s costs and restrict its operations.
- Compliance with emerging climate change regulations could result in significant costs and climate change may present physical risks to a mining company’s operations.
- The Company may be required by human rights laws to take actions that delay the Company’s operations or the advancement of its projects.
- The Company’s mineral properties may be subject to uncertain title.
- The Company is subject to claims and legal proceedings that arise in the ordinary course of business.
- The Company is subject to assessment by taxation authorities in multiple jurisdictions that arise in the ordinary course of business.
- The Company is subject to anti-corruption laws.
- Risks Related to Ownership of Company Equity
- The Company’s common shares are publicly traded and are subject to various factors that have historically made the Company’s common share price volatile.
- Holders of our common shares may not receive dividends.
- Future sales or issuances of equity securities could decrease the value of the Company’s common shares, dilute investors’ voting power and reduce the Company’s earnings per share.
- Risks Related to Being a Public Company
- The Company may fail to maintain adequate internal control over financial reporting pursuant to the requirements of applicable regulations.
- Due to the loss of the Company's foreign private issuer status, the Company is now required to comply with the Exchange Act’s domestic reporting regime.
- The Company's accounting and other estimates may be imprecise.
Management Discussion
- (1)The Company reports the non-GAAP financial measures of cash costs and AISC per ounce of gold sold to manage and evaluate operating performance at Çöpler. See "Non-GAAP Financial Measures" for an explanation of these financial measures and a reconciliation to production costs, which are the comparable GAAP financial measure. For the three and six months ended June 30, 2022, cash costs and AISC per ounce of gold sold include the impact of any fair value adjustment on acquired inventories. For the three and six months ended June 30, 2021, cash costs and AISC per ounce of gold sold exclude the impact of any fair value adjustment on acquired inventories.
- For the three months ended June 30, 2022 and 2021, Çöpler produced 51,389 and 75,754 ounces of gold, respectively. For the six months ended June 30, 2022 and 2021, Çöpler produced 122,030 and 154,232 ounces of gold, respectively. Lower production for the three and six months ended June 30, 2022, is mainly due to lower sulfide grade mined and processed as well as depleting oxide ore.
- Production costs for the three and six months ended June 30, 2022 were $63.1 million and $125.7 million, decreases of 9.5% and 7.7%, respectively, compared to the three and six months ended June 30, 2021. Production costs per ounce sold increased 20.2% and 12.9% for the three and six months ended June 30, 2022, respectively, due primarily to higher reagent unit prices as well as lower mill grade feed.
Content analysis
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Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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Financial reports
10-K/A
2021 FY
Annual report (amended)
11 Jul 22
10-Q
2022 Q1
Quarterly report
2 May 22
10-K
2021 FY
Annual report
22 Feb 22
40-F
2020 FY
Annual report (Canada)
30 Mar 21
40-F
2019 FY
Annual report (Canada)
19 Mar 20
40-F
2018 FY
Annual report (Canada)
11 Mar 19
40-F
2017 FY
Annual report (Canada)
21 Mar 18
40-F
2016 FY
Annual report (Canada)
22 Mar 17
40-F
2016 FY
Annual report (Canada)
29 Mar 16
Current reports
8-K
SSR Mining Announces Restructuring of Executive Team
1 Aug 22
8-K
SSR Mining Reports Second Quarter 2022 Results
1 Aug 22
8-K
SSR Mining Announces Closing of Sale of Pitarrilla Project to Endeavour Silver
6 Jul 22
8-K
Other Events
28 Jun 22
8-K
SSR Mining Announces Normal Course Issuer Bid
15 Jun 22
8-K
SSR Mining Announces Voting Results from
30 May 22
8-K
SSR Mining Reports First Quarter 2022 Results
2 May 22
8-K
SSR Mining Announces Closing of Taiga Gold Acquisition
14 Apr 22
8-K
SSR Mining Publishes Esg and Sustainability Report
14 Apr 22
8-K
SSR Mining Appoints New Board Director
3 Mar 22
Registration and prospectus
S-8
Registration of securities for employees
16 Jun 22
8-A12B/A
Registration of securities on exchange (amended)
1 Apr 22
S-8
Registration of securities for employees
3 Sep 21
S-8
Registration of securities for employees
15 Sep 20
SC TO-I/A
Issuer tender offer statement (amended)
31 Jan 20
SC TO-I
Issuer tender offer statement
30 Dec 19
8-A12B/A
Registration of securities on exchange (amended)
25 Sep 18
S-8
Registration of securities for employees
9 Aug 17
S-8
Registration of securities for employees
11 Aug 14
S-8
Registration of securities for employees
19 May 14
Other
CERT
Certification of approval for exchange listing
11 Mar 19
UPLOAD
Letter from SEC
14 Jun 18
CORRESP
Correspondence with SEC
1 May 18
CORRESP
Correspondence with SEC
15 Mar 18
CORRESP
Correspondence with SEC
6 Mar 18
UPLOAD
Letter from SEC
11 Feb 18
CORRESP
Correspondence with SEC
25 Jan 18
UPLOAD
Letter from SEC
11 Jan 18
CORRESP
Correspondence with SEC
26 Dec 17
UPLOAD
Letter from SEC
10 Dec 17
Ownership
3
SSR MINING / John Ebbett ownership change
3 Aug 22
4
SSR MINING / Steward John Beckman ownership change
12 Jul 22
4
SSR MINING / Alan Krusi ownership change
5 Jul 22
4
SSR MINING / Kay G Priestly ownership change
5 Jul 22
4
SSR MINING / Leigh Ann Fisher ownership change
5 Jul 22
4
SSR MINING / Simon Adrian Fish ownership change
5 Jul 22
4
SSR MINING / Brian R Booth ownership change
5 Jul 22
4
SSR MINING / THOMAS R BATES JR ownership change
5 Jul 22
4
SSR MINING / Arthur Michael Anglin ownership change
5 Jul 22
4
SSR MINING / Steward John Beckman ownership change
22 Jun 22
Transcripts
2022 Q2
Earnings call transcript
3 Aug 22
2022 Q1
Earnings call transcript
4 May 22
2021 Q4
Earnings call transcript
24 Feb 22
2021 Q3
Earnings call transcript
4 Nov 21
2021 Q2
Earnings call transcript
5 Aug 21
2021 Q1
Earnings call transcript
7 May 21
2020 Q4
Earnings call transcript
18 Feb 21
2020 Q3
Earnings call transcript
12 Nov 20
2020 Q2
Earnings call transcript
7 Aug 20
2020 Q1
Earnings call transcript
15 May 20
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