Loading…
← CockpitCompetitor Analysis › SSMR Sunshine Silver Mining & Refining CompanyOpen in the cockpit ↗

Sunshine Silver Mining & Refining CompanySSMRCompetitor analysis, valuation and peers

United States · USD·Materials›Precious Metals

Developing and restarting the historic Sunshine silver mine in Idaho's Coeur d'Alene mining district.

Mkt cap
$1.91B
US dollars, full cap
Free float
39%
of shares outstanding
$/day
$10.6M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-54.9 pp
WACC 19.9%
Hurdle
n/a
no reverse DCF
Next earnings
26 days
2 Dec 2026
Close · USD$13.27
1D+8.2%
1W+8.1%
1M-9.3%
3M-21.1%
6Mn/a
YTDn/a
1Yn/a
ATR %8.5%
52w lowhigh32.3% off high

What Sunshine Silver Mining & Refining does

Developing and restarting the historic Sunshine silver mine in Idaho's Coeur d'Alene mining district.

Products and services

  • Sunshine Mine (Idaho, silver)

Where it sits in the supply chain

  • Mining
  • Silver extraction (Idaho, US)
  • Restart/ramp-up of historic mine

What could go right

  • Successful ramp-up to full production
  • Higher silver prices

What could go wrong

  • Restart/ramp-up execution risk
  • US mine permitting/operating cost risk

Moat: none (installed base). Restarting an established historic mine with existing infrastructure lowers redevelopment cost versus greenfield sites.

Headquarters: Kellogg, Idaho, US

Named competitors

Sunshine Silver Mining & Refining at a glance

Size Sunshine Silver Mining & Refining (SSMR) is a United States Materials company (Precious Metals) with a market value of $1.91B, the 1828th largest of 3,117 United States companies the cockpit tracks. Shares closed at $13.27 on 6 Nov 2026.

Growth Revenue grew 421.8% over the last twelve months (peer median +56.6%); the operating margin is -3,021.8% (peer median 35.3%).

Valuation It trades at 3,229.2× enterprise value to sales against a peer median of 2.8× (most expensive of 16).

Capital Return on invested capital runs 54.9 points below its cost of capital (19.9% WACC).

Short interest Short interest is 2.5% of the free float (15 Oct 2026).

Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).

Sunshine Silver Mining & Refining financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024
Revenuen/a$501,293$96,075
Revenue growth—+422%—
Gross profitn/a-$1.06M-$631,767
EBITDAn/a-$14.2M-$5.70M
Net incomen/a-$34.7M-$12.9M
Free cash flown/a-$34.1M-$8.86M
Capital expendituren/a$10.5M$1.14M
Total debt$231,526$683,135$38.9M

Quarterly statements and history in the cockpit →

Sunshine Silver Mining & Refining competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Fundamentals: revenue growth against valuation

0%+200%+400%0×1,000×2,000×3,000×OBMSVM600531RSG600459ALKEDRSSMRRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Sunshine Silver Mining & Refining is the large dot.

Sunshine Silver Mining & Refining competitors and peer comparison

Head to head with its named competitors (SSMR vs HL vs CDE vs LUG.TO)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Sunshine Silver Mining & Refining SSMR$1.91Bn/a+422%-3,022%3,229.2×n/a
Hecla Mining HL$9.90B-21%+30%48%5.8×8.0%
Coeur Mining CDE$15.9B-17%+117%35%4.9×10.9%
Lundin Gold LUG.TO$17.0B+7%+36%65%8.3×9.9%
First Majestic Silver AG.TO$7.52B-27%+96%44%4.3×9.2%
Americas Gold and Silver USA.TO$1.05B-50%+86%19%5.6×n/a

How Sunshine Silver Mining & Refining compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Sunshine Silver Mining & Refining against its 20 peers (data as of 6 Nov 2026)
MeasureSSMRPeer medianRank in peer set
1-month return-9.3%-4.9%5th lowest of 21
Distance from 52-week high-32.3%-37.6%7th highest of 21
Revenue growth (TTM)+421.8%+56.6%highest of 16
Operating margin-3,021.8%35.3%lowest of 16
EV / Sales3,229.2×2.8×most expensive of 16
ROIC minus cost of capital-54.9 pp+11.4 pp2nd lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Sunshine Silver Mining & Refining SSMRUnited States$1.91Bn/a+422%-3,022%3,229.2×n/an/a
Snowline Gold SGD.TOCanada$1.93B-6%n/an/an/an/an/a
Ora Banda Mining OBM.AXAustralia$1.93B+4%+101%39%3.1×1.1%+101.1%
Sinda SINDUnited States$1.95Bn/an/an/an/an/an/a
Silvercorp Metals SVM.TOCanada$1.99B-31%+59%56%3.9×4.7%+19.0%
Henan Yuguang Gold & Lead 600531.SSChina$1.83B-32%+48%2%0.4×7.9%+19.6%
Mineros MSA.TOCanada$2.00B+73%+77%39%1.8×-5.8%+11.8%
DRDGOLD Ltd. Sponsored ADR DRDUnited States$2.00B-16%+53%51%2.8×-16.4%+14.1%
Resolute Mining RSG.AXAustralia$1.81B-12%+5%35%1.6×-7.2%+8.9%
Sino-Platinum Metals 600459.SSChina$2.06B-17%-27%2%0.4×n/an/a
Hycroft Mining HYMCUnited States$1.75B-51%n/an/an/an/an/a
Tongguan Gold 0340.HKHong Kong$1.73B-14%+65%52%4.7×-9.9%+48.9%
Southern Cross Gold Consolidated SXGC.TOCanada$1.65B-9%n/an/an/an/an/a
Beijing Xiaocheng Technology Stock 300139.SZChina$1.64B-25%+39%27%15.4×33.6%+27.8%
Alkane Resources ALK.AXAustralia$1.63B+11%+403%34%2.1×-1.2%+48.9%
Endeavour Silver EDR.TOCanada$2.34B-20%+198%26%3.2×n/an/a
Shandong Humon Smelting 002237.SZChina$2.44B-32%+25%1%0.2×n/an/a
Perpetua Resources PPTAUnited States$2.44B-35%n/an/an/an/an/a
Orezone Gold ORE.TOCanada$1.46B+31%+93%40%2.3×-8.0%+110.4%
Bellevue Gold BGL.AXAustralia$1.46B-16%+14%5%3.9×41.2%+13.9%
Sichuan Gold 001337.SZChina$2.52B-25%+57%56%11.4×17.7%+13.6%

Questions

Who are Sunshine Silver Mining & Refining's main competitors?
Named competitors: Hecla Mining (HL), Coeur Mining (CDE), Pan American Silver (LUG.TO), First Majestic Silver (AG.TO), Americas Gold and Silver (USA.TO). The cockpit's measured peer set (industry) also includes Snowline Gold (SGD.TO), Ora Banda Mining (OBM.AX), Sinda (SIND), Silvercorp Metals (SVM.TO), Henan Yuguang Gold & Lead (600531.SS), Mineros (MSA.TO).
Is Sunshine Silver Mining & Refining expensive compared with its peers?
On ev / sales it trades at 3,229.2× against a peer median of 2.8×, most expensive of 16 in its peer set.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.