Ssr Mining Inc (SSRM)

SSR Mining Inc. Stock (SSRM) dropped by 15.27% from $13.88 to $11.76 in the trading on Wednesday November 1, 2023. The reason why SSRM stock down today is due to the third-quarter 2023 earnings. The Q3 adjusted earnings and revenues that were in line with analyst estimates but production rose less than expected.

• Net income swung to positive $15.6M, or $0.07/share, from a year-earlier loss of $25.8M, or a loss of $0.12/share, while revenues more than doubled to $385.4M from a year ago.
• Gold production surged to 159,863 oz from 76,462 oz a year earlier, but silver output slipped a bit to 2.65M oz from 2.74M oz. Analyst consensus production for gold was 166.5K oz and silver was 2.26M oz.