SSR Mining vs Kinross Gold: why the prices moved differently

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

SSR Mining Inc (SSRM)

Q3 202617 Jul – 9 Oct 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 202617 Jul – 9 Oct 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.

Latest17 Jul – 9 Oct 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.

Kinross Gold Corporation (KGC)

Q3 202615 Jul – 6 Oct 2026

▼3▲1

Kinross cuts output, costs rise, but returns more cash

Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.
This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.
All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.
Cost inflation is a key new headwind that compresses margins and pressures the share price.
Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.
This is a new positive action that offsets some negative news and shows management's confidence.
Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.
This macro event explains the broader sector decline and KGC's sharp drop in September.

August 202615 Jul – 6 Oct 2026

▼3▲1

Kinross cuts output, costs rise, but returns more cash

Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.
This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.
All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.
Cost inflation is a key new headwind that compresses margins and pressures the share price.
Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.
This is a new positive action that offsets some negative news and shows management's confidence.
Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.
This macro event explains the broader sector decline and KGC's sharp drop in September.

Latest15 Jul – 6 Oct 2026

▼3▲1

Kinross cuts output, costs rise, but returns more cash

Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.
This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.
All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.
Cost inflation is a key new headwind that compresses margins and pressures the share price.
Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.
This is a new positive action that offsets some negative news and shows management's confidence.
Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.
This macro event explains the broader sector decline and KGC's sharp drop in September.