SSR Mining (NASDAQ, TSX: SSRM) soared to its highest in nearly two years on Wednesday after reporting second-quarter 2025 results that well-exceeded analyst expectations.
During the three-month period, the Colorado-based miner saw its gold-equivalent production rise to 120,191 oz., nearly double the 76,102 oz. from the same quarter last year. Its average realized gold price was $3,336/oz., about 42% higher than in 2024.
All-in sustaining costs (AISC) also improved, with a 2% decrease at $2,068/oz., while cash costs rose slightly to $1,396/oz.
The higher output and gold prices allowed SSR to record a near tenfold increase in net income attributable to shareholders, at $90 million versus $9.7 million. Earnings per share (EPS) attributable to shareholders also swelled to $0.54, nearly 14 times higher than Q2 2024.
First quarter of CC&V
A major driver of the strong earnings, according to the…
