Canada · Delayed Price · Currency is CAD SSR Mining Earnings Call Transcripts
Fiscal Year 2026
-
The portfolio shifted toward the Americas after the Türkiye sale and Hod Maden royalty deal, with strong H1 cash generation supporting shareholder returns. Organic growth, including multi-decade mine-life plans for Marigold and Cripple Creek & Victor, is the priority.
-
Q2 2026 results met expectations, with $443M revenue and $1.8B cash after the Türkiye exit. Production and free cash flow are set to rise in H2, while AISC will trend high due to fuel and capital spend. Shareholder returns exceed $400M YTD, with robust organic growth underway.
-
The meeting covered financial statements, director elections, executive compensation, and auditor appointment. All resolutions passed, and voting results will be published. No questions were raised during the Q&A.
-
Strong Q1 2026 results with $211M free cash flow, $600M revenue, and zero debt. Çöpler sale for $1.5B to close by Q3, supporting a focused Americas portfolio and robust capital returns, including $300M in share buybacks.
Fiscal Year 2025
-
Delivered strong Q4 and full-year 2025 results, exceeding production guidance and generating robust free cash flow. Entered 2026 with over $1 billion in liquidity, announced a $300 million share buyback, and advanced key growth projects, including Hod Maden and expansions at Marigold and Puna.
-
Q3 results were in line with expectations, with production tracking to the lower end of guidance and AISC at the high end due to higher royalties and compensation. Strong liquidity supports growth, with key technical reports and project decisions upcoming for Cripple Creek & Victor and Hod Maden.
-
Q2 2025 saw strong production growth, robust free cash flow, and successful integration of CC&V, with key projects advancing and a solid liquidity position. Çöpler restart progress continues, though timing remains uncertain, and Puna's mine life was extended.
-
The meeting covered financial results, director elections, executive compensation, and auditor appointment. All resolutions passed, and shareholders were given a chance to ask questions. Voting results will be published on EDGAR and SEDAR+.
-
Q1 2025 saw strong operational and financial performance, highlighted by the successful integration of CC&V, robust free cash flow, and progress on key projects like Hod Maden. Guidance points to increased production and continued investment, with inflation and permitting as key risks.
Fiscal Year 2024
-
Strong Q4 and full-year 2024 results included record production at Puna, increased reserves, and a major acquisition of CC&V, positioning for greater scale and free cash flow. Çöpler remediation advanced, with restart pending regulatory approval.
-
The acquisition of a major Colorado gold mine supports portfolio diversification, immediate production growth, and long-term free cash flow. The staged $100M upfront and up to $175M milestone payments preserve liquidity, with integration and regulatory approvals expected by Q1 2025.
-
Q3 saw 97,000 gold-equivalent oz produced at $2,065/oz AISC, with net income of $0.05/share and strong liquidity. Çöpler remediation is progressing, Marigold and Puna are on track for guidance, and Seabee has resumed after fire-related suspension.
-
Second quarter production reached 76,000 gold equivalent ounces at an AISC of $2,116/oz, with Marigold, Seabee, and Puna all on track for full-year guidance. Çöpler remediation progressed, with $55 million spent in Q2 and restart timing still uncertain pending permits.