← SSR Mining overview

SSR Mining vs Franco-Nevada: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

SSR Mining Inc (SSRM)

Q3 2026
▲4

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.

August 2026
▲4

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.

Latest
▲4

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.

Franco-Nevada Corporation (FNV)

Q3 2026
▲3▼1

Record Q2, new royalty deals, but Panama closure risk weighs

  • Record Q2 revenue and profit Franco-Nevada reported record Q2 2026 revenue up 57% to $581 million, with adjusted net income up 46% to $349.2 million. Gold-equivalent ounces sold rose 18% to 132,405, and the company is tracking toward the upper half of its 2026 guidance. This strong financial performance supports a higher stock price.

    This is the core positive fundamental news that drove the stock higher over the period.

  • New royalty investments expand future income Franco-Nevada committed A$200 million to increase its royalty on the Bullabulling gold project in Australia and paid $8 million to extend its Porcupine royalty to newly acquired Timmins properties. These deals use cash to grow future royalty income, which supports the stock price.

    These are new capital deployments that add to Franco-Nevada's long-term revenue stream.

  • Panama commission recommends Cobre Panama closure A Panamanian government commission recommended the orderly closure of the Cobre Panama mine, where Franco-Nevada holds a 100% precious metals stream. The report suggests a multi-decade operating framework but no restart timeline, creating uncertainty. Franco-Nevada shares fell 4% on the news, as the stream's future production is at risk.

    This is the main negative development that could remove a significant future revenue source.

  • UBS names Franco-Nevada a preferred gold stock UBS included Franco-Nevada in its preferred gold mining stocks for 2027, noting the Cobre Panama restart is mostly unpriced and the stock trades at about 15 times 2028 EV/EBITDA versus its five-year average of 21.5 times. This analyst endorsement can attract buyers and support the share price.

    This is a new analyst recommendation that highlights valuation upside and potential catalysts.

September 2026
▲3▼1

Record Q2, new royalty deals, but Panama closure risk weighs

  • Record Q2 revenue and profit Franco-Nevada reported record Q2 2026 revenue up 57% to $581 million, with adjusted net income up 46% to $349.2 million. Gold-equivalent ounces sold rose 18% to 132,405, and the company is tracking toward the upper half of its 2026 guidance. This strong financial performance supports a higher stock price.

    This is the core positive fundamental news that drove the stock higher over the period.

  • New royalty investments expand future income Franco-Nevada committed A$200 million to increase its royalty on the Bullabulling gold project in Australia and paid $8 million to extend its Porcupine royalty to newly acquired Timmins properties. These deals use cash to grow future royalty income, which supports the stock price.

    These are new capital deployments that add to Franco-Nevada's long-term revenue stream.

  • Panama commission recommends Cobre Panama closure A Panamanian government commission recommended the orderly closure of the Cobre Panama mine, where Franco-Nevada holds a 100% precious metals stream. The report suggests a multi-decade operating framework but no restart timeline, creating uncertainty. Franco-Nevada shares fell 4% on the news, as the stream's future production is at risk.

    This is the main negative development that could remove a significant future revenue source.

  • UBS names Franco-Nevada a preferred gold stock UBS included Franco-Nevada in its preferred gold mining stocks for 2027, noting the Cobre Panama restart is mostly unpriced and the stock trades at about 15 times 2028 EV/EBITDA versus its five-year average of 21.5 times. This analyst endorsement can attract buyers and support the share price.

    This is a new analyst recommendation that highlights valuation upside and potential catalysts.

Latest
▲3▼1

Record Q2, new royalty deals, but Panama closure risk weighs

  • Record Q2 revenue and profit Franco-Nevada reported record Q2 2026 revenue up 57% to $581 million, with adjusted net income up 46% to $349.2 million. Gold-equivalent ounces sold rose 18% to 132,405, and the company is tracking toward the upper half of its 2026 guidance. This strong financial performance supports a higher stock price.

    This is the core positive fundamental news that drove the stock higher over the period.

  • New royalty investments expand future income Franco-Nevada committed A$200 million to increase its royalty on the Bullabulling gold project in Australia and paid $8 million to extend its Porcupine royalty to newly acquired Timmins properties. These deals use cash to grow future royalty income, which supports the stock price.

    These are new capital deployments that add to Franco-Nevada's long-term revenue stream.

  • Panama commission recommends Cobre Panama closure A Panamanian government commission recommended the orderly closure of the Cobre Panama mine, where Franco-Nevada holds a 100% precious metals stream. The report suggests a multi-decade operating framework but no restart timeline, creating uncertainty. Franco-Nevada shares fell 4% on the news, as the stream's future production is at risk.

    This is the main negative development that could remove a significant future revenue source.

  • UBS names Franco-Nevada a preferred gold stock UBS included Franco-Nevada in its preferred gold mining stocks for 2027, noting the Cobre Panama restart is mostly unpriced and the stock trades at about 15 times 2028 EV/EBITDA versus its five-year average of 21.5 times. This analyst endorsement can attract buyers and support the share price.

    This is a new analyst recommendation that highlights valuation upside and potential catalysts.