Q4 2025 SSR Mining Inc Earnings Call Transcript

Feb 17, 2026 / 10:00PM GMT

Release Date Price: C$35.3 (-7.86%)

Transcript 8-K10-K

Key Points

Positve

SSR Mining Inc (SSRM) closed 2025 with production above the midpoint of guidance and generated over $100 million in free cash flow in Q4.
The company ended the year with $535 million in cash and over $1 billion in liquidity, supporting future growth initiatives.
SSR Mining Inc (SSRM) announced a share buyback program of up to $300 million, reflecting confidence in the company's valuation.
The Cripple Creek and Victor mine and Puna operations exceeded their guidance ranges, delivering exceptional free cash flow.
The Hot Madden development project is highlighted as a high-quality asset with significant free cash flow potential and a 39% internal rate of return.

Negative

All-in sustaining costs (AISC) are expected to range between $2,360 and $2,440 per ounce, which is relatively high.
The Marigold mine faces challenges with blending requirements due to durable and non-durable ore, impacting production scheduling.
Puna's 2026 silver production guidance is lower than previously expected, indicating potential timing issues with production.
The Chinchillas and Cortaderas projects at Puna require further work to extend mine life beyond 2028.
The Hod Madden project requires a formal construction decision, and ongoing spending is necessary before this decision is made.

Operator

Hello everyone and welcome to SSR Mining's 4th quarter and full year 2025 financial results conference call. This call is being recorded at this time for opening remarks and introductions. I would like to turn the call over to Alex Sannchk from SSR Mining. Please go ahead.

Alex Hunchak

SSR Mining Inc - Vice President of IR

Thank you operator and hello everyone.

Thank you for joining today's conference call to discuss SSR Mining's fourth quarter and full year 2025 financial results.

Our consolidated financial statements have been presented in accordance with USAA.

These financial statements have been filed on EDGAR and Cedar, and they are also available on our website.

There is an online webcast accompanying this call, and you will find the information to access the webcast in this afternoon's news release and on our corporate website.

Please note that all figures discussed during the call are in US dollars unless otherwise indicated.

Today's discussion will include forward-looking statements, so please

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.