SSR Mining Inc. Second‑Quarter 2026 Results
SSR Mining Inc. (NASDAQ: SSRM) reported adjusted earnings of $0.66 per share for the second quarter, missing the consensus estimate of $0.75 by $0.09. Revenue for the quarter was $443.8 million, below the analyst forecast of $522.32 million, although it represented a 9.5% year‑on‑year increase from $405.5 million in Q2 2025. The company produced 101,959 gold‑equivalent ounces at an all‑in sustaining cost (AISC) of $2,622 per payable ounce. Following the announcement, SSR Mining’s shares declined 2.8% in after‑hours trading.
The firm completed the sale of its 80% interest in the Çöpler mine in Turkey for approximately $1.49 billion in cash on 24 June 2026, finalising its strategic shift to an Americas‑focused portfolio anchored by the Marigold and CC&V operations in the United States. At quarter‑end, SSR Mining held $1.78 billion in cash and reported no long‑term debt.
During the quarter, the company repurchased 10.4 million shares for $337.8 million and declared a quarterly dividend of $0.03 per share payable on 11 September 2026. Year‑to‑date, total shareholder returns via buybacks amount to $409.2 million. Production for the first half of 2026 totaled 211,873 gold‑equivalent ounces, aligning with the company’s full‑year guidance of 450,000 to 535,000 ounces, while full‑year AISC is trending toward the upper end of its guidance range.
Operating cash flow from continuing operations was $115.6 million, generating free cash flow of $50.3 million. Executive Chairman Rod Antal stated, “We have now completed the strategic repositioning of our business to the Americas… our focus on delivering sustainable free cash flow and best‑in‑class capital returns is a clear differentiator amongst the peer group.”