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SSR Mining IncSSRMCompetitor analysis, valuation and peers

United States · USD·Materials›Precious Metals

Gold and silver miner with operations in the United States, Canada, Turkey and Argentina.

Momentum weak 28
Mkt cap
$5.66B
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$73.6M
20-day average traded
Fwd P/E
8.1×
forward earnings
ROIC−WACC
+34.1 pp
WACC 6.4%
Hurdle
n/a
no reverse DCF
Next earnings
110 days
24 Feb 2027
Close · USD$28.38
1D+1.6%
1W+7.2%
1M-15.6%
3M-9.6%
6M-17.0%
YTD+29.5%
1Y+45.7%
ATR %5.7%
Beta2.23
52w lowhigh28.0% off high

What SSR Mining does

Gold and silver miner with operations in the United States, Canada, Turkey and Argentina.

Sells metal at market prices, so earnings follow gold and silver prices and each mine's costs rather than any selling skill. A landslide in February 2024 at the Copler mine in Turkey, one of its main mines, halted production there and has shaped its output since.

Products and services

  • Gold production
  • Silver production

Customers

  • Bullion banks/refiners

Where it sits in the supply chain

  • Materials
  • Metals & mining
  • Gold and silver mining

What could go right

  • Higher gold and silver prices
  • Copler mine returning to full production

What could go wrong

  • Regulatory/legal fallout from the 2024 Copler mine incident in Turkey
  • Gold/silver price volatility

Moat: none (scale). Commodity gold/silver producer; no pricing power over the metals it mines.

Headquarters: Denver, Colorado, United States · Founded: 1946 · Employees: 4,800

Named competitors

SSR Mining at a glance

Size SSR Mining (SSRM) is a United States Materials company (Precious Metals) with a market value of $5.66B, the 1104th largest of 3,117 United States companies the cockpit tracks. Shares closed at $28.38 on 6 Nov 2026.

Performance Over six months the shares fell 17.0%, against +1.6% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue grew 39.4% over the last twelve months (peer median +59.2%); the operating margin is 42.4% (peer median 45.4%).

Valuation It trades at 8.1× forward earnings against a peer median of 12.7× (6th cheapest of 21).

Capital Return on invested capital runs 34.1 points above its cost of capital (6.4% WACC).

Short interest Short interest is 3.3% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 102SSRM 82
Six months, rebased to 100: SSR Mining against the median of its 20 peers (local-currency closes).

SSR Mining financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.99B$1.63B$996M$1.43B$1.15B
Revenue growth—+64%-30%+24%—
Gross profit$974M$582M-$108M$341M$300M
EBITDA$1.04B$675M$249M$496M$374M
Net income$252M$396M-$261M-$98.0M$194M
Free cash flow$338M$242M-$103M$198M$23.4M
Capital expenditure$283M$230M$144M$223M$138M
Total debt$2.37M$395M$345M$321M$407M

Quarterly statements and history in the cockpit →

SSR Mining 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.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%GMDPRUOGCGGPSBSW603979TXRTFPMKNTMAURMSARTG002155ORBTOBVNCMMAGCGVAUSSRM6-month return →1-month return →
Up and to the right = strong over both horizons. SSR Mining is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%10×20×30×GMDPRUOGCGGPSBSW603979TXRTFPMKNTRMSARTG002155ORBTOCMMAGCGVAUSSRMRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. SSR Mining is the large dot.

SSR Mining competitors and peer comparison

Head to head with its named competitors (SSRM vs EQX.TO vs CDE vs ELD.TO)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
SSR Mining SSRM$5.66B-17%+39%42%8.1×n/a
Equinox Gold EQX.TO$13.5B-17%+63%36%9.7×21.0%
Coeur Mining CDE$15.9B-17%+117%35%12.1×10.9%
Eldorado Gold ELD.TO$9.37B+11%+25%45%7.7×n/a
IAMGOLD IMG.TO$10.8B+6%+83%48%9.1×1.4%
B2Gold BTO.TO$7.19B+13%+72%46%6.1×-7.0%
Endeavour Mining EDV.TO$13.7B-10%+27%47%9.3×-6.5%
Kinross Gold K.TO$26.4B-25%+30%51%8.5×-3.9%
Hecla Mining HL$9.90B-21%+30%48%18.1×8.0%
Lundin Gold LUG.TO$17.0B+7%+36%65%16.0×9.9%

How SSR Mining 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.

SSR Mining against its 20 peers (data as of 6 Nov 2026)
MeasureSSRMPeer medianRank in peer set
1-month return-15.6%-0.4%2nd lowest of 21
6-month return-17.0%+1.6%6th lowest of 21
Distance from 52-week high-28.0%-22.2%9th lowest of 21
Revenue growth (TTM)+39.4%+59.2%6th lowest of 20
Operating margin42.4%45.4%7th lowest of 20
Forward P/E8.1×12.7×6th cheapest of 21
ROIC minus cost of capital+34.1 pp+18.0 pp3rd highest of 21
EV / EBITDA3.9×6.5×3rd cheapest of 18
Net debt / EBITDA-1.6×-0.4×least indebted of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
SSR Mining SSRMUnited States$5.66B-17%+39%42%8.1×n/an/a
Genesis Minerals GMD.AXAustralia$5.73B+6%+89%45%15.1×7.2%+182.9%
Perseus Mining PRU.AXAustralia$5.77B+11%+13%48%11.8×-1.1%+26.4%
OceanaGold OGC.TOCanada$6.27B-5%+56%44%7.1×-5.4%+29.2%
Greatland Resources GGP.AXAustralia$5.11B-31%+118%52%13.4×-3.1%n/a
Sibanye Stillwater Limited Sponsored ADR SBSWUnited States$6.30B-29%+59%26%5.9×n/an/a
JCHX MINING MANAGEMENT 603979.SSChina$5.09B-12%+23%28%9.9×-7.7%+29.3%
Torex Resources TXR.TOCanada$5.02B+16%+76%46%7.1×-3.9%+11.5%
Triple Flag Precious Metals TFPM.TOCanada$6.54B+1%+45%63%24.7×n/an/a
K92 Mining KNT.TOCanada$4.86B+10%+62%68%11.0×0.7%+31.3%
Montage Gold MAU.TOCanada$4.79B+17%n/an/a18.4×n/an/a
Ramelius Resources RMS.AXAustralia$4.78B+3%-14%42%19.0×13.7%+10.3%
Artemis Gold ARTG.VCanada$6.76B+18%+148%71%11.3×6.6%n/a
Hunan Gold 002155.SZChina$4.72B-33%+1%4%15.3×11.1%+27.4%
OR Royalties OR.TOCanada$6.81B0%+68%77%29.5×n/an/a
B2Gold BTO.TOCanada$7.19B+13%+72%46%6.1×-7.0%+12.3%
Compania de Minas Buenaventura SAA Sponsored ADR BVNUnited States$7.25B-21%+64%45%6.5×-14.1%+20.7%
Capricorn Metals CMM.AXAustralia$4.42B-1%+45%58%17.6×12.7%+33.9%
First Majestic Silver AG.TOCanada$7.52B-27%+96%44%18.1×9.2%+29.2%
Centerra Gold CG.TOCanada$4.25B+27%+44%27%12.4×6.5%+13.9%
Vault Minerals VAU.AXAustralia$4.19B+21%+35%33%13.0×-0.1%+59.0%

Questions

Who are SSR Mining's main competitors?
Named competitors: Alamos Gold (EQX.TO), Coeur Mining (CDE), Eldorado Gold (ELD.TO), IAMGOLD (IMG.TO), B2Gold (BTO.TO), Equinox Gold (EDV.TO). The cockpit's measured peer set (industry) also includes Genesis Minerals (GMD.AX), Perseus Mining (PRU.AX), OceanaGold (OGC.TO), Greatland Resources (GGP.AX), Sibanye Stillwater Limited Sponsored ADR (SBSW), JCHX MINING MANAGEMENT (603979.SS).
Is SSR Mining expensive compared with its peers?
On forward p/e it trades at 8.1× against a peer median of 12.7×, 6th cheapest of 21 in its peer set.
How has SSR Mining stock performed?
Over six months to 6 Nov 2026 the shares returned -17.0% against +1.6% for the median peer; over one year +45.7%.

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.