SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, copper, lead, and zinc deposits. Its projects include the Çöpler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina. The company was formerly known as Silver Standard Resources Inc. and changed its name to SSR Mining Inc. in August 2017. SSR Mining Inc. was incorporated in 1946 and is based in Denver, Colorado.
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SSR Mining Inc
Sector
Precious Metal
Founded
August 1, 1996
Employees
2,300
Reporting Currency
USD
Contact Phone
303 292 1299
Website
www.ssrmining.comHeadquarters Address
6900 E. Layton Avenue , Denver , CO 80237 , US
Identifiers
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Saskatchewan's policy turnaround — now ranked third globally for exploration — left the La Ronge gold belt underexplored, and Trident has consolidated 100,000 hectares there. Contact Lake pairs a 1.7-million-ounce deposit package with a past-producing Cameco high-grade underground mine that stopped at just 340 metres depth. First new drilling in over 30 years returned 8 grams per tonne over 12 metres some 220 metres below the historic workings. At roughly 41 million shares and about $160 million market cap, the CEO argues $55-per-ounce pricing leaves a wide gap to $100-plus peers. No mineral resource estimate exists yet at Contact Lake; management targets defining one as drilling continues into 2027.
The CEO presents StrikePoint Gold's C$190 million acquisition of Newmont's past-producing Northumberland gold deposit in Nevada's Walker Lane trend. Upfront C$70 million cash plus two contingent payments to Newmont — US$25 million after feasibility, another after commercial production — stage the deal's cost. A Canaccord-led bought deal raised C$190 million without warrants, anchored by Tembo at 19.9 percent, a London family office, and BlackRock. The speaker argues the resource is defined by drilling edges rather than geology, leaving expansion room across five already-granted drill permits. A PEA is targeted for early 2028, with former SSR Silver Standard COO Alan Pangborn joining as chairman to deepen Nevada operating experience.
Toogood Gold advances two assets: an undrilled epithermal (near-surface hot-water) gold-silver system at Table Mountain, Nevada, and the Quinlan discovery in Newfoundland. Independent epithermal expert Stuart Simmons placed the gold-precipitating boiling horizon 50 to 200 meters below surface exposure, guiding shallow first drilling. Mapping defined multi-kilometer Widowmaker and Pacifico vein structures with property-wide boiling textures and surface rock samples running anomalous to multi-gram gold. Newfoundland's Quinlan zone shows visible gold in roughly half of early holes, surface grades to 76.89 g/t (grams per tonne), and stays open. A 3,000-5,000 meter maiden drill program could start in Q4 once permits land, funded from treasury plus a planned $2.5-3 million raise.
Mineros S.A. trades at 0.47 times net asset value (what its mines and cash are worth) despite a tenfold share-price re-rating under Sun Valley control. Sun Valley Investments deployed about $200 million to take control, then doubled silver recovery and lifted gold output 22% through operational fixes. Guidance rose to 240,000 ounces with costs tracking below plan, and the CEO targets 500,000 ounces by 2030 via the Porvenir project and acquisitions. An upsized $175 million buyback and $30 million dividend program return cash, while a strategic gold reserve keeps bullion in company vaults. Analyst Don Durrett argues quality mid-tier gold producers are the sweet spot, and Mineros still offers tenfold upside on his $7,000 gold assumption.
He reviews 50 gold and silver mining stocks he owns, sizing the upside against $7,000 gold and $200 silver. Most of the list screens as an eight-bagger or better, and he favors undervalued producers growing output. Development names need patience: permits plus roughly two-year builds push many payoffs to 2028 and beyond. He cautions that gold and silver mining stocks are speculative, so keep allocations small and only risk what you can lose.
Durrett frames the metals selloff as a correction, not the end of the gold bull market, which he says only breaks below $3,000. Both guests attribute the drop since March 1st to the Iran war rather than mine fundamentals, and warn of another seasonal dip this fall. Feneck's development picks include Silverco, Blackrock Silver and Silver 47, each trading far below its spring highs on unchanged plans. Durrett's stock lists split by horizon: quality North American producers for a year, developers for three-to-five-year multi-bagger attempts. Feneck is bullish on tungsten equities despite an 8-9x spot price surge, because China supplies about 80% and no ETF or futures market exists.
Guest David Lotan built most of his Aurion and Fox River stakes buying public shares, arguing open-market bargains beat private deal access. Aurion Resources sold to Agnico Eagle Mines for C$481 million ($2.60 per share cash); Fox River Resources followed at C$94 million ($1.10 per share). Lotan ties the decade-long wait to consolidation among major gold producers; rising mid-tier buying power finally revived takeovers of juniors. The multiyear Aurion-Rupert standoff shows embarrassed, hostile bidders can drag out timelines and destroy value on both sides of a takeover fight. Management teams that refuse warrants (rights to buy future shares cheaply) and protect capital structures earn the investor trust that pays off at exit.
CEO Colin Smith says the never-drilled Table Mountain project in Nevada is a district-scale epithermal (hot-spring style) gold system with multigram gold in surface veins. Band-on-band vein textures record boiling — the process that drops gold out of solution — pointing to shallow drill targets in an intact system. Origin Royalties and Altius Minerals found the project with airborne spectral alteration mapping, mirroring the 16-million-ounce Silicon-Merlin district nearby. In Newfoundland, the Toogood project hit visible gold in 15 of 19 maiden holes, and thin glacial cover makes soil anomalies reliable drill guides. About C$3 million in treasury and 85 million shares out fund the work, with a maiden Nevada drill planned for Q3 or Q4.
SSR Mining exits Hod Maden project in Turkey, converting 20% equity into a 4% NSR royalty after spending $243 million. The 2024 Çöpler mine disaster severely damaged SSR's operator credibility and political standing in Turkey. Investors must weigh jurisdiction risks, as even world-class assets face major obstacles when capital and credibility collide.
Value creation in mining comes from two paths: buying assets cheaply for a rerating, or finding them through exploration, where odds are low. The guest frames his mandate as maximizing net present value per share, pushing him toward non-dilutive government grants over equity raises. Prairie Creek cost under three cents per silver-equivalent ounce, metal valued as silver, while peers trade near two to three dollars. A 95% built mine from 1982 is vintage, not ready: recommissioning still takes time, effort, and money before cash flow. The host discloses sponsor ownership of every exhibitor he interviews, and warns that owning a stock does not mean it goes up.
Andean Silver grew its Cerabio silver-gold resource to 111 million silver-equivalent ounces after buying the Chilean project for $4 million in 2024. Upcoming catalysts include a resource update this quarter, 65,000 metres of drilling over 12 months, and a feasibility study due mid-2027. Australian listing rules block publishing scoping-study economics while the resource is substantially inferred — a constraint TSX-listed peers avoid via preliminary economic assessments. Institutions including Sprott, Equinox, and Scotia hold 54 percent of the register; the company reports A$410 million market cap and A$54 million cash. Management targets a mill restart in 2028, with an internal scoping study indicating a 10-year-plus mine life from the current resource.
Assembling good projects when nobody else is bidding, then improving them, is the optionality strategy the interview credits for value creation. Cash plus stakes in US GoldMining and Gold Royalty nearly equal GoldMining Inc.'s market cap, so its 20-million-ounce portfolio trades at little implied value. Seven projects in Canada, Brazil, Colombia and Peru hold over 13 million indicated and 9 million inferred gold-equivalent ounces (metal values restated in gold terms). A PEA (preliminary economic assessment) on the La Mina project in Colombia shows a $1 billion NPV (net present value) at a $2,500 gold price. News flow centers on drilling at San Jorge in Brazil, near G Mining's newly producing mine, with internal economics studies beginning.
Revival Gold hunts large past-producing US gold projects idled at low prices, betting they turn economic near $4,000-5,000 gold. CEO Hugh Agro says left-behind infrastructure — an energized power line, roads, an existing processing plant — is alone worth the C$250 million market cap. Merkur in Utah: a preliminary economic assessment (PEA — an early, rough economics study) outlines 100,000 annual ounces on roughly $210 million of capital. BearTrack in Idaho holds 4.6 million ounces; its first 1.1 million ounces fit a planned open-pit heap leach (a low-cost gold recovery method). Management maps a prefeasibility study (PFS — a deeper economic blueprint) for early 2027, permitting and feasibility by end-2027, and a construction decision in early 2028.
Dakota Gold's Richmond Hill resource stands at 3.5 million ounces, and management targets a prefeasibility study this year backed by about $105 million in cash. High-grade Maitland drilling, 47 intersections averaging 11 grams per tonne over 4 meters, points to a multimillion-ounce underground deposit beside the historic Homestake mine. Guest argues gold near $4,500 an ounce revives mineralization uneconomic at $250, making the underexplored Homestake district worth re-drilling after 30 years. Mostly private land two miles from an operating mine, management says, should ease permitting and shorten the path to a late-2029 production start. Quartermain's playbook: buy known mineralized districts when commodities are out of favor, then let cash flow from one project fund the next.
Durrett ranks the 89 gold and silver stocks he owns on upside, downside risk, and company quality — a system investors can copy. His 'three-five' score marks a likely five-bagger — a stock he expects could multiply roughly five times from current levels. Only four holdings earn an A, reserved for low costs, clean balance sheets, and consistent execution — Australian mid-tier producers dominate the top. Country risk caps otherwise strong names: West African, Mexican, and Colombian exposure keeps ratings below top marks. He flags likely takeover targets among focused developers and producers still generating free cash flow.
SSR Mining exits Copler mine following catastrophic landslide, selling its 80% stake to partner Lidya Mining for $1.5 billion The Copler disaster destroyed the heap leach pad and forced mine suspension, creating significant liability for SSR Mining Exit allows SSR Mining to remove a major overhang from its portfolio while Lidya assumes full operational control
Raising default price assumptions to $7,000 gold and $200 silver reflects conviction that current metal prices undershoot the macro setup. Screening 90 favorite miners at those prices prints 20-plus-bagger upside for many, but most need three-to-four-year mine builds first. Near-term producers like Guanajuato Silver need no new growth, so they offer immediate leverage if silver reaches $200. A gold-silver ratio squeeze toward 2.5-3% underpins the $175-200 silver target alongside $7,000 gold within 24-36 months. Timeline to getting paid is the key filter: the longer a mine build, the longer investors must wait for the printed upside.
Durrett argues there is limited time left to buy gold and silver producers while they are still cheap, expecting one more significant dip. His Newsletter Favorites list leans on quality Canadian and Australian mid-tier producers, which he expects to re-rate as the bull market warms up. Companies whose second and third projects get no market value offer free upside — you pay for the first asset and get the rest for nothing. Cheap forward free-cash-flow multiples persist in West Africa and among silver producers, where weak sentiment discounts heavy leverage to metal prices. Australian producers like Ramelius reaching major-sized valuations is, in his view, the first sign the junior gold bull market is broadening.
SSR Mining's Hod Maden project in Turkey is fully permitted, with AISC (All-In Sustaining Cost — what it really costs to produce an ounce) of $590/oz and a $1.7B NPV. The host argues the project's economics are muted for SSR shareholders because the company does all the work but keeps only 40% of profits. The updated technical report targets 189,000 gold-equivalent ounces annually over a 13-year mine life, with go-forward capex of $910M. Royal Gold's $3.7B purchase of Sandstorm Gold and Horizon Copper included a competing 30% non-operating interest in the same Hod Maden asset. At $4,117/oz gold, the project's NPV rises to $2.4B and IRR to 52%, though SSR's minority share still caps per-share upside.
SSR Mining's updated Hod Maden technical report shows tight costs — $590/oz AISC — and strong project economics, but the company does all the work for only a 40% slice, raising the question of whether management effort is best spent here.
SSR Mining’s Hod Maden: Incredible Gold Project, Awkward Deal Read article A room for resource investors taking shape now — independent, spam-free, no hype.