SSR Mining shifts to Americas, boosts output, but costs rise
Hod Maden stake converted to royalty SSR Mining completed the sale of its 20% stake in Turkey's Hod Maden project, converting it into a 4.0% royalty. This completes the exit from Turkey and focuses the company on the Americas, reducing political risk and simplifying the business.
This is a major strategic move that reduces geopolitical risk and sharpens focus, likely positive for the stock.
Q2 profit rises, but capex guidance increased SSR Mining reported higher Q2 profit and revenue, beating expectations. However, 2026 sustaining capex guidance was raised by $25-35 million, pressuring margins. The company returned $338 million to shareholders via buybacks and has a strong cash position.
Earnings growth is positive, but higher costs are a negative; the net effect is mixed but overall positive due to strong cash returns.
CC&V mine output jumps 19.3% SSR Mining's Cripple Creek & Victor mine produced 66,023 ounces in H1 2026, up 19.3% year over year. Full-year production guidance is up 10% at the midpoint, but all-in sustaining costs are expected to trend toward the top of the $1,780-$1,850 per ounce range.
Higher production is a clear positive, though rising costs temper the benefit.
New Nevada JV and UBS endorsement SSR Mining acquired a 15% stake in the Dobbin Project via a Nevada joint venture for $4 million, expanding its exploration portfolio. UBS named SSR Mining a preferred gold stock, citing delivery, life extensions, and deployment of over $2 billion in cash.
Both events add growth potential and positive analyst sentiment, supporting the stock.