SSR Mining Q3 revenue and adjusted net income rise year over year
Overview
US gold and silver miner's Q3 revenue rose yr/yr
Q3 adjusted net income increased yr/yr
Company completed $193.6 mln in share buybacks during Q3
Outlook
SSR Mining maintains 2026 production guidance of 450,000-535,000 gold equivalent ounces
Company expects full-year AISC to trend about 10% above top end of 2026 guidance
Company expects robust free cash flow into year-end despite higher costs
Result Drivers
MARIGOLD PRODUCTION TIMING - Co said Q3 production at Marigold was affected by planned inventory drawdown and operational upgrades, with more output expected in Q4
PUNA RESEQUENCING AND COST PRESSURES - Co said deferral of lower-cost ore processing and higher input costs at Puna contributed to higher costs in Q3
SEABEE MAINTENANCE - Q3 results at Seabee included planned maintenance downtime, which was deferred from Q2
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $447.66 mln | ||
Q3 Adjusted Net Income Attributable | $130.74 mln | ||
Q3 Net Income | $79.88 mln | ||
Q3 Operating Income | $122.14 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for SSR Mining Inc. is C$59.84, about 59.8% above its November 2 closing price of C$37.45
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago
Reuters Recommended Reads
Nov 3 - India's 2026 gold demand seen falling to six-year low on price rise
Nov 3 - WGC lowers outlook for gold investment demand growth as bar buying slows
Nov 2 - Goldman Sachs raises oil price forecasts, sees Brent upside at $140 a barrel
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)