3.96% +0.205

SSR Mining Inc (SSRM)

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Why is SSR Mining Inc (SSRM) Stock down?

We've noticed a 5.50% decline in SSR Mining Inc (SSRM) stock during the 2024-03-12 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

01 Nov, 2023:

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.