Quarterly ResultMay 5, 2026, 04:09 PM
SSR Mining Q1 Net Income $252.5M; Çöpler Sale $1.5B; $300M Buyback
AI Summary
SSR Mining reported strong first-quarter 2026 financial results, driven by robust cash flow generation and the strategic divestment of its Çöpler mine for $1.5 billion. The company achieved significant net income and cash flow from continuing operations, while also completing a substantial share buyback program. With a strong liquidity position and ongoing development projects, SSR Mining is repositioning itself as a leading Americas-focused gold producer.
Key Highlights
- SSR Mining signed a definitive agreement to sell its 80% stake in the Çöpler mine for $1.5 billion in cash, expected to close by Q3 2026.
- Net income attributable to shareholders from continuing operations was $252.5 million, or $1.16 per diluted share, in Q1 2026.
- Adjusted net income attributable to shareholders from continuing operations was $250.1 million, or $1.15 per diluted share.
- Operating cash flow from continuing operations reached $299.6 million, with free cash flow from continuing operations at $210.8 million.
- The company completed approximately $300 million in share buybacks, repurchasing 9.2 million shares subsequent to the quarter-end.
- Cash and cash equivalents stood at $634.1 million, with total liquidity of $1.13 billion as of March 31, 2026.
- Q1 2026 gold equivalent production was 109,914 ounces at an all-in sustaining cost (AISC) of $2,433 per payable ounce.
- Full-year 2026 production guidance remains on track for 450,000 to 535,000 gold equivalent ounces.