SSR Mining Inc. reported significant financial results for the first quarter of 2026, with revenues reaching $581.8 million, an increase of 83.7% compared to $316.6 million in the same period of 2025. This surge in revenue was primarily driven by a 62.5% rise in the average realized gold price, contributing approximately $153.9 million, alongside an 182.7% increase in the realized silver price, which added about $108.8 million. The company also saw an 8.0% increase in gold ounces sold, totaling 83,893 ounces, although this was partially offset by a 22.8% decrease in silver ounces sold.
Operating income for the quarter was reported at $300.4 million, a substantial increase of 181.3% from $106.8 million in the prior year. However, the net income attributable to SSR Mining shareholders was a loss of $106.5 million, compared to a profit of $58.8 million in the previous year, largely due to a significant loss from discontinued operations related to the Çöpler mine. The net loss from discontinued operations amounted to $365.3 million, primarily due to a write-down of the Çöpler disposal group to fair value.
In terms of operational developments, SSR Mining completed the acquisition of the Cripple Creek & Victor Gold Mine (CC&V) in February 2025, which contributed to the increased production and revenue figures for the quarter. The company also announced a definitive agreement to sell its 80% interest in the Çöpler mine for approximately $1.5 billion, classifying the mine's operations as held for sale. This strategic divestiture is expected to close in the third quarter of 2026, pending regulatory approvals.
The company’s cash and cash equivalents increased to $634.1 million as of March 31, 2026, up from $524.8 million at the end of 2025. This increase was attributed to strong cash flows from operating activities, which amounted to $299.6 million for the quarter, compared to $116.7 million in the same period last year. SSR Mining's capital expenditures for the quarter were $88.8 million, reflecting ongoing investments in its operations.
Looking ahead, SSR Mining anticipates continued growth driven by higher commodity prices and operational efficiencies. The company remains focused on advancing its development projects, including Hod Maden in Türkiye, while managing its cash resources effectively to support future growth initiatives. The outlook remains cautiously optimistic, contingent on market conditions and the successful execution of its strategic plans.
About SSR MINING INC.
SSR Mining Inc. is a precious metals mining company operating four assets in the U.S., Turkey, Canada, and Argentina. It produces gold doré, silver, copper, lead, and zinc concentrates, serving global markets. The company focuses on exploration, development, and operations of mineral resources, emphasizing safety, environmental responsibility, and community engagement, with a competitive advantage in diversified assets and a long-term sustainability approach.
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