SSR Mining Inc. reported significant financial improvements in its latest quarterly results, with revenues reaching $385.8 million for the three months ended September 30, 2025, a 49.9% increase from $257.4 million in the same period last year. For the nine months ending September 30, 2025, revenue surged to $1.1 billion, up 64.8% from $672.4 million in 2024. The company attributed this growth primarily to a 38.4% increase in the average realized gold price and a 17.8% rise in gold ounces sold, bolstered by the acquisition of the Cripple Creek and Victor Gold Mine (CC&V) in February 2025.
Operating income for the third quarter was $83.3 million, a substantial increase from $9.0 million in the prior year, while net income attributable to SSR Mining shareholders rose to $65.4 million, compared to $10.6 million in the same quarter of 2024. For the nine-month period, net income reached $214.3 million, a significant turnaround from a loss of $266.8 million in the previous year. The company’s basic net income per share was $0.32 for the third quarter and $1.06 for the nine months, compared to $0.05 and a loss of $1.32, respectively, in 2024.
Strategically, SSR Mining's acquisition of CC&V for $100 million in cash, with potential milestone payments of up to $175 million, has expanded its operational footprint and diversified its portfolio. The acquisition is expected to enhance the company's free cash flow and overall scale. However, the company continues to face challenges, particularly with the Çöpler mine, which has been suspended since February 2024 due to a significant incident affecting its heap leach pad. The company is currently unable to predict when operations at Çöpler will resume.
Operationally, SSR Mining produced 75,212 ounces of gold in the third quarter, a 19.1% increase from the previous year, while gold sold rose to 74,268 ounces. The company also reported a decrease in silver production and sales, attributed to lower mill feed grades. The acquisition of CC&V contributed significantly to the overall production figures, with the mine generating $98.2 million in revenue during the quarter. The company’s total assets increased to $5.9 billion as of September 30, 2025, up from $5.2 billion at the end of 2024, reflecting the impact of the CC&V acquisition.
Looking ahead, SSR Mining remains optimistic about its financial trajectory, bolstered by the integration of CC&V and the anticipated recovery of gold prices. The company is focused on managing its operational costs and enhancing its production capabilities while navigating the ongoing challenges posed by the Çöpler incident. The management believes that the current liquidity position, with $409.3 million in cash and cash equivalents, is sufficient to support operational needs for the next twelve months without additional borrowing.
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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