SSR Mining Q2 2026: $137M Net Income, $1.78B Cash After Çöpler Sale
SSRM has more than doubled off its 52-week low of $12.22.
Summary
SSR Mining reported Q2 2026 net income of $137M from continuing operations, ended the quarter with $1.78B in cash following the $1.49B Çöpler sale, and repurchased $337.8M of stock.
Key Events · Earnings and Guidance · SSRM
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Q2 Net Income $137M
Continuing operations generated $137M in net income, up 3.8% YoY, on revenue of $443.8M (+9.5%). Higher realized gold ($4,301/oz) and silver ($74.24/oz) prices offset lower production volumes.
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Cash Pile of $1.78B
Cash and equivalents surged to $1.78B from $515.6M at year-end, primarily from the $1.49B Çöpler divestiture. The company has no debt outstanding after converting its 2019 Notes.
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$337.8M Share Buyback
SSR Mining repurchased 10.4 million shares at an average price of $32.40 under its NCIB, returning capital to shareholders. An additional $500M was authorized for future repurchases.
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Credit Facility Upsized to $600M
Subsequent to quarter-end, the revolving credit facility was amended to $600M with a 2030 maturity, providing additional liquidity and financial flexibility.
Analysis · SSRM · Energy & Transportation
SSR Mining's Q2 2026 results reveal a fundamentally reshaped company. Closing the $1.49 billion Çöpler sale left it with $1.78 billion in cash and a streamlined four-mine portfolio. Continuing operations delivered $137 million in net income and $115.6 million in operating cash flow, buoyed by stronger gold and silver prices. The quarter also saw $337.8 million in stock repurchases and an amended credit facility now at $600 million. With a debt-free balance sheet, ample liquidity is in place for shareholder returns and growth.
At the time of this filing, SSRM was trading at $25.70 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $12.22 to $36.52. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.