# SSR Mining Reports Full-Year 2025 Results and 2026 Operating Guidance

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--1963f301-f60d-4b28-9020-607ae4785dd4

Original source: https://money.tmx.com/en/quote/SSRM/news/7181677823073554/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance

Publisher: tmx

Original announcement: 2026-02-17T21:10:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: SSR Mining Inc.

- Ticker: SSRM

- Exchange: TSX

- Region: Unavailable

- Primary commodity: Gold

- Secondary commodities: Silver, Lead, Zinc, Copper

- Document categories: Production, Resource update, Capital raise

- Extracted: 2026-08-26 11:10:01 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

SSR Mining reported strong full-year 2025 results, exceeding its production guidance midpoint and generating significant cash flow. The company announced a positive 2026 operating guidance, projecting a 10% year-over-year increase in gold equivalent ounce production. Additionally, SSR Mining reported substantial growth in its Mineral Reserves and Resources, including the addition of CC&amp;V and Hod Maden, and approved a $300 million share buyback program.

Reasoning: SSR Mining reported strong financial and operating results for 2025, provided positive 2026 production guidance, and significantly increased its Mineral Reserves and Resources, while also announcing a share buyback program, despite ongoing care and maintenance costs at Çöpler.

- Positive factor: Strong 2025 production above guidance midpoint

- Positive factor: Significant increase in 2026 production guidance

- Positive factor: Substantial growth in Proven &amp; Probable Reserves

- Positive factor: Substantial growth in Measured &amp; Indicated Resources

- Positive factor: Strong cash flow generation

- Positive factor: Approval of share buyback program

- Positive factor: Successful integration and performance of CC&amp;V acquisition

- Positive factor: Continued investment in growth projects

- Negative factor: Çöpler mine operations suspended incurring care and maintenance costs

- Negative factor: Seabee production impacted by forest fires and mine development prioritization

- Negative factor: Marigold's 2025 production below guidance range

- Negative factor: AISC expected to be highest in H1 2026 due to production profile and capital outlays

Facts used in scoring: 75

## Classification and evidence

**Production Guidance Increase**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The 2026 operating guidance projects a 10% year-over-year increase in gold equivalent ounces compared to 2025 results.

Evidence · text

> 2026 Production Guidance of 450,000 to 535,000 Gold Equivalent Ounces Represents 10% Year-Over-Year Increase in GEOs

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: Total Proven and Probable Mineral Reserves increased by nearly 40% year-over-year to 11.0 million gold equivalent ounces.

Evidence · text

> Year-End 2025 Mineral Reserves Total 11 Million Gold Equivalent Ounces, a Nearly 40% Year-Over-Year Increase

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: Total Proven and Probable Mineral Reserves increased by nearly 40% year-over-year to 11.0 million gold equivalent ounces.

Evidence · text

> Year-End 2025 Mineral Reserves Total 11 Million Gold Equivalent Ounces, a Nearly 40% Year-Over-Year Increase

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: Total Measured and Indicated Mineral Resources increased by over 80% year-over-year to 9.5 million gold equivalent ounces.

Evidence · text

> Total Measured and Indicated Mineral Resources as of December 31, 2025, exclusive of Mineral Reserves, were 9.5 million gold equivalent ounces, an increase of over 80% as compared to year-end 2024.

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: Total Measured and Indicated Mineral Resources increased by over 80% year-over-year to 9.5 million gold equivalent ounces.

Evidence · text

> Total Measured and Indicated Mineral Resources as of December 31, 2025, exclusive of Mineral Reserves, were 9.5 million gold equivalent ounces, an increase of over 80% as compared to year-end 2024.

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The scientific and technical information has been reviewed and verified by a “qualified person” under subpart 1 of Regulation S-K 1300.

Evidence · text

> The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by a “qualified person” under subpart 1 of Regulation S-K 1300 \(“S-K 1300”\).

**SEC S-K 1300 Compliant**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Mineral Reserves and Mineral Resources are presented in compliance with Subpart 1300 of Regulation S-K.

Evidence · text

> As per Subpart 1300 of Regulation S-K, the Company’s year-end 2025 MRMR are presented on an attributable basis

**Maiden Resource**

Polarity: neutral

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The updated MRMR includes the addition of CC&amp;V and Hod Maden development projects to consolidated totals.

Evidence · text

> Year-over-year changes in Mineral Reserves and Mineral Resources include the addition of CC&amp;V and the Hod Maden development project to consolidated totals

**Care and Maintenance**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The Çöpler mine operations were suspended following an incident and are incurring care and maintenance expenses.

Evidence · text

> Operations at Çöpler were suspended following the February 13, 2024 incident at the Çöpler mine \(the “Çöpler Incident”\). During the suspension, care and maintenance expense has been recorded

**Share Buyback Program**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: SSR Mining’s Board of Directors approved a share buyback program of up to $300 million.

Evidence · text

> SSR Mining’s Board of Directors Approved a Share Buyback Program of up to $300 Million

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
