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SSR Mining Inc Shs Chess Depository Interests repr 1 shs (AU:SSR)
ASX:SSR
Australian Market

SSR Mining Inc Shs Chess Depository Interests repr 1 shs (SSR) AI Stock Analysis

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AU

SSR Mining Inc Shs Chess Depository Interests repr 1 shs

(Sydney:SSR)

56Neutral
SSR Mining's stock presents a mixed picture. Financial performance is weak due to negative profitability and cash flow issues, despite a stable balance sheet. Technical indicators show some positive momentum, and the earnings call provides a cautiously optimistic outlook. However, the valuation is concerning due to a negative P/E ratio. Overall, the stock is positioned in the middle range due to these mixed signals.

SSR Mining Inc Shs Chess Depository Interests repr 1 shs (SSR) vs. S&P 500 (SPY)

SSR Mining Inc Shs Chess Depository Interests repr 1 shs Business Overview & Revenue Model

Company DescriptionSSR Mining Inc is a diversified Canadian-based precious metals producer with three operations in the Americas. The company focuses on the exploration, development, and production of gold and silver. SSR Mining operates through its key assets, which include the Marigold mine in Nevada, the Seabee Gold Operation in Saskatchewan, Canada, and the Puna Operations in Argentina. The company aims to deliver strong production growth, backed by a robust pipeline of development projects and exploration potential.
How the Company Makes MoneySSR Mining Inc generates revenue primarily through the extraction and sale of gold and silver from its mining operations. The company's revenue streams are largely dependent on the production volume of its mining sites and the market prices of gold and silver. SSR Mining continually invests in exploration and development to expand its mineral reserves and resources, which supports long-term production and revenue generation. Additionally, the company engages in strategic partnerships and acquisitions to enhance its asset base and increase future revenue potential. Key factors contributing to its earnings include efficient mining operations, cost management, and favorable commodity market conditions.

SSR Mining Inc Shs Chess Depository Interests repr 1 shs Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
995.62M1.43B1.15B1.47B853.09M
Gross Profit
351.39M408.77M358.64M574.87M308.64M
EBIT
-322.29M-130.24M190.27M444.38M202.71M
EBITDA
-175.51M28.22M441.40M661.81M324.93M
Net Income Common Stockholders
-261.28M-98.01M194.14M368.08M151.53M
Balance SheetCash, Cash Equivalents and Short-Term Investments
417.35M513.34M695.73M1.06B887.38M
Total Assets
5.19B5.39B5.25B5.21B5.24B
Total Debt
345.18M327.22M406.59M487.63M513.38M
Net Debt
-42.70M-165.17M-248.86M-529.94M-347.25M
Total Liabilities
1.24B1.08B1.13B1.16B1.31B
Stockholders Equity
3.11B3.37B3.58B3.54B3.43B
Cash FlowFree Cash Flow
-103.40M198.30M23.38M444.18M179.28M
Operating Cash Flow
40.13M421.73M160.90M608.99M348.62M
Investing Cash Flow
-143.12M-339.26M-236.28M-129.14M180.79M
Financing Cash Flow
6.92M-182.26M-271.78M-319.77M-173.20M

SSR Mining Inc Shs Chess Depository Interests repr 1 shs Risk Analysis

SSR Mining Inc Shs Chess Depository Interests repr 1 shs disclosed 61 risk factors in its most recent earnings report. SSR Mining Inc Shs Chess Depository Interests repr 1 shs reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

SSR Mining Inc Shs Chess Depository Interests repr 1 shs Peers Comparison

Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUNST
78
Outperform
$26.18B22.1711.01%2.76%25.11%28.88%
AUEVN
75
Outperform
$16.53B23.9116.97%1.56%60.56%302.20%
AURRL
74
Outperform
AU$3.26B-0.38%29.83%93.23%
AUALK
67
Neutral
$475.35M23.935.86%10.37%-39.24%
AUSSR
56
Neutral
$3.44B-7.99%-29.90%-152.58%
49
Neutral
$1.99B-1.09-21.26%3.60%1.47%-31.20%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SSR
SSR Mining Inc Shs Chess Depository Interests repr 1 shs
15.77
7.82
98.36%
AU:RRL
Regis Resources Limited
4.35
2.31
113.24%
AU:ALK
Alkane Resources Ltd
0.73
0.11
18.70%
AU:EVN
Evolution Mining
7.76
3.92
102.14%
AU:NST
Northern Star Resources Ltd
18.32
3.84
26.49%

SSR Mining Inc Shs Chess Depository Interests repr 1 shs Earnings Call Summary

Earnings Call Date:Feb 18, 2025
(Q4-2024)
|
% Change Since: 21.21%|
Next Earnings Date:May 06, 2025
Earnings Call Sentiment Neutral
The earnings call highlights positive developments such as record production levels and strategic acquisitions, indicating strong growth potential. However, significant challenges remain in the form of high costs and ongoing issues at Çöpler. The sentiment is balanced with optimism about future prospects and caution regarding current obstacles.
Q4-2024 Updates
Positive Updates
Record Production at Puna
Puna produced a record 10.5 million ounces of silver in 2024, hitting the top end of its increased production guidance.
Marigold Milestone Achievement
Marigold celebrated 5 million ounces of life of mine gold production, marking a significant milestone for the mine.
Acquisition of Cripple Creek and Victor Mine
SSR Mining announced the acquisition of Cripple Creek and Victor Mine, expected to increase free cash flow and portfolio diversification.
Increase in Consolidated Reserves
Consolidated reserves increased by 3% year-over-year, showcasing successful resource development drilling.
Strong Financial Position
Ended 2024 with $388 million in total cash, a net cash position of $158 million, and total liquidity of approximately $890 million.
Negative Updates
Çöpler Incident and Ongoing Remediation
Continued challenges following the Çöpler heap leach failure, with ongoing remediation and discussions with Turkish authorities for restarting operations.
High All-In Sustaining Costs
AISC for the full year was $18.78 per ounce, with Çöpler and Seabee incurring significant care and maintenance costs.
Challenges at Marigold
Marigold's AISC was $1,711 per ounce, reflecting increased royalty expenses and cost pressures.
Company Guidance
During SSR Mining's fourth quarter and year-end 2024 conference call, the company provided a detailed outlook for 2025. Key metrics include a year-over-year increase in consolidated reserves, totaling 8 million gold equivalent ounces, with Marigold’s reserves up by 14% due to the addition of a 523,000-ounce maiden reserve at Buffalo Valley. The company produced 399,000 gold equivalent ounces at an all-in sustaining cost (AISC) of $18.78 per ounce in 2024, with Marigold, Seabee, and Puna contributing 371,000 ounces at an AISC of $15.42 per ounce. Financially, SSR Mining ended 2024 with a net cash position of $158 million and total liquidity of approximately $890 million. Looking ahead, the integration of the Cripple Creek and Victor Mine is expected to enhance free cash flow and portfolio diversification. The company plans to release consolidated 2025 cost and production guidance after the transaction closes. Key priorities for 2025 include advancing the Hod Maden project, updating life of mine plans for several operations, and continuing remediation efforts at Çöpler.

SSR Mining Inc Shs Chess Depository Interests repr 1 shs Corporate Events

SSR Mining Inc. to Delist from ASX
Apr 8, 2025

SSR Mining Inc. has announced its removal from the ASX Official List, effective at the close of trading on April 8, 2025, following a request by the company. This strategic decision may impact its market operations and stakeholder engagements, as it aligns with the company’s broader operational strategies.

SSR Mining Inc. Initiates Suspension for ASX Delisting
Apr 4, 2025

SSR Mining Inc. has requested a suspension of its securities from quotation on the Australian Securities Exchange (ASX) to facilitate its removal from the official list. The suspension is intended to allow for the settlement of any trades before the company is officially delisted, with the removal expected to occur on 8 April 2025. This strategic move may impact stakeholders as SSR transitions away from the ASX, aligning with its broader corporate objectives.

SSR Mining Announces Delisting from ASX
Apr 4, 2025

SSR Mining Inc. announced its decision to delist from the Australian Securities Exchange (ASX), with its CHESS depositary interests suspended from quotation as of April 4, 2025. The company will be officially removed from the ASX list by April 8, 2025, but its shares will continue to be available on Nasdaq and the Toronto Stock Exchange, maintaining its presence in these major markets.

SSR Mining Inc Offers Flexible Access to Financial Statements
Mar 26, 2025

SSR Mining Inc Shs Chess Depository Interests repr 1 shs has issued a notice to its stakeholders regarding the annual and interim financial statements. The company is offering shareholders the option to receive these reports by mail or access them online, ensuring transparency and accessibility of financial information.

SSR Mining Inc. Announces Annual Shareholders Meeting and Key Resolutions
Mar 26, 2025

SSR Mining Inc. has announced its upcoming Annual Meeting of Shareholders, scheduled for May 8, 2025. The meeting will include the election of directors, approval of executive compensation, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. The Board of Directors recommends voting in favor of these resolutions.

SSR Mining Inc. Announces Availability of Proxy Materials for 2025 Annual Meeting
Mar 26, 2025

SSR Mining Inc. has announced the availability of proxy materials for its upcoming annual meeting scheduled for May 8, 2025, which will be held online. The meeting will cover important resolutions such as the election of directors, approval of executive compensation, and appointment of auditors. Stakeholders are encouraged to review the proxy statement and other materials available online to make informed voting decisions.

SSR Mining Inc. Announces Virtual Annual Shareholder Meeting for 2025
Mar 26, 2025

SSR Mining Inc. has announced its upcoming Annual Meeting of Shareholders, scheduled for May 8, 2025, to be held virtually. Key agenda items include the election of directors, approval of executive compensation, and ratification of the appointment of PricewaterhouseCoopers LLP as the independent accounting firm for the fiscal year 2025. Shareholders are encouraged to participate and vote electronically, with proxy materials available online to facilitate the process.

SSR Mining Reports Changes in CDIs and Securities for February 2025
Mar 3, 2025

SSR Mining Inc. announced a net decrease of 9,679 Chess Depository Interests (CDIs) issued over quoted securities for February 2025, primarily due to net transfers between CDIs and common shares listed on NASDAQ and TSX. Additionally, the company reported a cancellation of 12,552 Restricted Share Units (RSUs), reflecting adjustments in their securities management.

SSR Mining Completes Acquisition of Cripple Creek & Victor Gold Mine
Mar 3, 2025

SSR Mining Inc. has announced the completion of its acquisition of the Cripple Creek & Victor gold mine from Newmont Corporation, which is expected to significantly enhance its scale, free cash flow, and portfolio diversification. This acquisition positions SSR Mining as the third largest gold producer in the U.S.A., with the Cripple Creek & Victor mine hosting substantial gold reserves and resources. The company plans to publish a technical report and life of mine plan within the next 12 months and will provide consolidated production and cost guidance for 2025, including the new acquisition, by the end of the first quarter.

SSR Mining Inc. Announces Voluntary Delisting from ASX
Mar 2, 2025

SSR Mining Inc. has announced its voluntary delisting from the Australian Securities Exchange (ASX) due to low trading volumes and the associated costs of maintaining the listing. The delisting will take effect on April 8, 2025, and the company will continue its operations and trading on the Toronto Stock Exchange and Nasdaq. CDI holders on the ASX will have options to convert their holdings into shares on the North American register or participate in a voluntary sale facility, with a compulsory sale process following thereafter. This move aims to streamline SSR Mining’s financial and administrative obligations, potentially impacting stakeholders by altering the trading landscape for current CDI holders.

SSR Mining to Voluntarily Delist from ASX
Mar 2, 2025

SSR Mining Inc. has announced its decision to voluntarily delist from the Australian Securities Exchange (ASX) due to low trading volumes and the declining percentage of CHESS depositary interests on the Australian register. The company will continue trading on the Nasdaq and TSX, believing that the costs associated with maintaining the ASX listing are no longer justified. The delisting process will commence with the suspension of CDIs on April 4, 2025, and complete removal from the ASX list on April 8, 2025.

SSR Mining Inc. Demonstrates Regulatory Compliance with 2024 Annual Report
Feb 21, 2025

SSR Mining Inc. has filed its annual report for the fiscal year ending December 31, 2024, demonstrating compliance with the necessary regulatory requirements. The report highlights the company’s adherence to filing obligations, showcasing its stability and commitment to transparency, which could bolster investor confidence.

SSR Mining Inc. Announces New Director Appointment
Feb 19, 2025

SSR Mining Inc. has announced the appointment of Laura Mullen as a new director effective February 15, 2025. The initial director’s interest notice indicates that Laura Mullen does not currently hold any securities or interests in contracts with the company, suggesting a fresh, unbiased perspective in her leadership role.

SSR Mining Reports 2024 Results Amidst Operational Challenges and Strategic Moves
Feb 18, 2025

SSR Mining Inc. reported its fourth-quarter and full-year financial results for 2024, highlighting a significant impact from the Çöpler Incident, which led to increased care and maintenance costs. Despite this challenge, the company achieved production milestones at Marigold and Puna, and maintained a strong cash and liquidity position. The company also announced strategic moves, including the sale of the San Luis project and the acquisition of the Cripple Creek & Victor Gold Mine, aimed at enhancing its portfolio and aligning with its focus on free cash flow generation.

SSR Mining Reveals Design Flaw as Cause of Çöpler Incident
Jan 15, 2025

SSR Mining Inc. has announced the findings of an independent review concerning the Çöpler Incident, which occurred in February 2024. The review, conducted by Call & Nicholas, Inc., identified a deeply-rooted flaw in the third-party engineered design of the heap leach pad as the cause of the incident. The assessment had overestimated the shear strength properties of the liner system, leading to insufficient support. This finding provides clarity and reassurance to SSR Mining as it seeks to resume operations at the Çöpler mine. The company is working with authorities to obtain necessary permits for the mine’s restart but cannot yet predict the timeline or conditions for resuming operations.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.