Update shared on27 Aug 2025
Fair value Increased 4.84%Analysts have modestly raised SSR Mining’s price target to CA$23.14, reflecting a balanced view that weighs operational uncertainty at Copler against potential recovery upside, with sentiment remaining cautious until greater clarity on the restart emerges.
Analyst Commentary
- Ongoing uncertainty persists due to the leach pad slip and operational suspension at Copler, keeping investor sentiment cautious and shares discounted relative to peers.
- The potential restart at Copler represents a significant upside catalyst but lacks sufficient clarity to drive near-term optimism.
- Bearish analysts are trimming price targets to reflect risks surrounding the Copler asset and overall operational disruptions.
- Bullish analysts have modestly raised their targets, citing underlying asset value and a possible recovery scenario, but remain cautious.
- Consensus suggests SSR Mining's risk-reward is balanced, with performance closely tied to timely operational restoration and improved visibility at Copler.
What's in the News
- SSR Mining re-affirmed 2025 full-year guidance of 410,000 to 480,000 gold equivalent ounces at a consolidated cost of sales of $1,375 to $1,435 per payable ounce and AISC of $2,090 to $2,150 per payable ounce.
- Q2 2025 gold production was 90,966 oz (up from 42,400 oz the prior year), silver production was 2,849,000 oz (up from 2,731,000 oz), lead was 13,877,000 lb (up from 13,291,000 lb), and zinc was 1,125,000 lb (up from 859,000 lb); gold equivalent production was 120,191 oz (up from 76,102 oz).
- For the first half of 2025, gold production was 166,835 oz (up from 122,680 oz), silver 5,354,000 oz (up from 4,646,000 oz), lead 25,365,000 lb (up from 23,289,000 lb), and zinc 1,883,000 lb (down from 2,076,000 lb); gold equivalent production was 223,987 oz (up from 177,691 oz).
- Operations at Seabee were temporarily suspended due to power interruptions from nearby forest fires but were safely restarted after about two weeks with no site damage.
Valuation Changes
Summary of Valuation Changes for SSR Mining
- The Consensus Analyst Price Target has risen slightly from CA$22.07 to CA$23.14.
- The Future P/E for SSR Mining has significantly risen from 5.06x to 7.30x.
- The Discount Rate for SSR Mining remained effectively unchanged, moving only marginally from 7.05% to 7.03%.
Disclaimer
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