SSR Mining Inc. is an intermediate precious metals producer with a diversified portfolio of assets across four countries. The company operates four primary mines: Copler in Turkey (gold), Marigold in Nevada, USA (gold), Seabee in Canada (gold), and Puna in Argentina (silver, with by-products like lead and zinc). Additionally, it ...SSR Mining Inc. is an intermediate precious metals producer with a diversified portfolio of assets across four countries. The company operates four primary mines: Copler in Turkey (gold), Marigold in Nevada, USA (gold), Seabee in Canada (gold), and Puna in Argentina (silver, with by-products like lead and zinc). Additionally, it has the Cripple Creek and Victor mine in Colorado, USA (gold). The company focuses on operation, acquisition, exploration, and development of precious metal properties. Its products include gold doré, silver, and base metal concentrates. The company was originally founded as Silver Standard Resources in 1946 and rebranded to SSR Mining in 2017 to reflect its broader scope.
Financially, SSR Mining has a market capitalization of approximately $6.6 billion, with a strong balance sheet and minimal debt. In the trailing twelve months, it reported a net profit margin of about 14%, a return on equity of 10.3%, and a price-to-earnings ratio of around 24. The company pays a modest dividend (yield ~0.9%). Key financial metrics indicate efficient operations, with EBITDA margin of 48.6% and operating cash flow per share of $4.12.
The company is led by CEO Rod Antal, who has been with the company since 2013 and became CEO in 2015. He is also a director. The CFO is Alison. The workforce numbers around 2,429 employees as of 2021, with a management team experienced in mining operations, project development, and capital allocation. SSR Mining is committed to sustainability, publishing its inaugural sustainability report, and focuses on responsible mining practices. With a strong asset base, low-cost production, and a commitment to shareholder returns, SSR Mining aims to continue delivering value through its diversified portfolio and disciplined growth strategy. The company trades on NASDAQ, Toronto Stock Exchange, and Australian Stock Exchange under the ticker SSRM.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.7B
+66.5%
-23.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$402.7M
+254.1%
+220.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+35.7%
+1.2%
-0.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+28.9%
+189.1%
-1.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+24.3%
+192.5%
+257.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$245.9M
+337.8%
-60.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+14.8%
+242.8%
-48.7%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
11.8%
+5.9%
+44.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.08x
-55.7%
+83.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, everyone, and welcome to SSR Mining's Second Quarter 26 Conference Call. This call is being recorded. At this time for opening remarks and introductions, I would like to turn the call over to Alex Hunchak from SSR Mining. Please go ahead.
Alex Hunchak: Thank you, operator, and hello, everyone. Thank you for joining today's conference call to discuss SSR Mining's second quarter 2026 Financial Results. Our consolidated financial statements have been presented in accordance with U. S. GAAP. These financial statements have been filed on EDGAR and SEDAR, and they are also available on our website. There is an online webcast accompanying this call, and you will find the information to access the webcast on our corporate website. Please note that all figures discussed during the call are in US dollars unless otherwise indicated. Today's discussion will include forward looking statements, so please read the disclosures in the relevant document. Additionally, we refer to non GAAP financial measures during our discussion and in the accompanying slides. Please see our press release for information about the comparable GAAP measures. Rodney Antal, Executive Chairman, will be joined by Michael J. Sparks, Chief Financial Officer William MacNevin, EVP of Operations and Sustainability on today's call. I will now turn the line over to Rob.
Rodney Antal: Great. Thanks, Alex, and good afternoon to you all. We enter the second half with momentum. Having delivered operating results in line with expectations and most importantly, we completed a meaningful strategic repositioning of SSR through our exit from Türkiye. We are well positioned to achieve full year guidance targets through higher production in the second half that will drive significant free cash flow generation through the remainder of the year. We expect all in sustaining costs to trend to the upper end of our full year guidance range due to a number of factors that we will speak to later in the call. We continue to work hard on business improvement initiatives to help mitigate pressures on costs across the company. Strategically, over the last few months, we have delivered a number of significant milestones. Including the successful divestment of both Çöpler and Hod Maden. The approximately $1.5 billion in cash proceeds from Çöpler sale was received before the end of the second quarter, bringing our total cash position to nearly $1.8 billion with no debt. With the exit from Türkiye, SSR is now a free cash flow focused America's gold and silver producer anchored by our position as the third largest gold producer in The United States. Our US platform alone has considerable growth potential that we look forward to showcasing moving forward. Separately, we have now reestablished our position as the capital return leader amongst our peer group. Returning $400 million to shareholders year to date. This implies a nearly 8% yield before the forthcoming dividend payments and ongoing share …
