SSR Mining (SSRM) Falls 10% as Production Outlook Lowered in FY25

We recently published 10 Stocks Left Behind Amid Wall Street Cheer. SSR Mining Inc. (NASDAQ:SSRM) is one of the worst-performing stocks on Wednesday.

SSR Mining fell by 10.23 percent on Wednesday to close at $19.48 apiece as investor sentiment was dampened by a weak production outlook for full-year 2025, despite reporting a stellar earnings performance in the third quarter.

In its financial statement, SSR Mining Inc. (NASDAQ:SSRM) said it expects full-year production to settle in the lower range of its previous 410,000 to 480,000 gold equivalent ounce guidance range.

SSR Mining (SSRM) Falls 10% as Production Outlook Lowered in FY25

Additionally, consolidated costs were projected to hit the upper end of its guidance range as a result of higher-than-expected gold prices on royalty costs alongside its strong share price performance on share-based compensation.

In the third quarter of the year, SSR Mining Inc. (NASDAQ:SSRM) said net income attributable to shareholders surged by 523 percent to $65.4 million from $10.5 million in the same period last year. Revenues increased by 50 percent to $385.8 million from $257.3 million year-on-year.

“Our third quarter operating results were generally aligned to our internal plans, and we continue to expect that a solid fourth quarter will bring us within consolidated 2025 production guidance,” said SSR Mining Inc. (NASDAQ:SSRM) Executive Chairman Rodney Antal.

“We have numerous growth opportunities across the portfolio, particularly in Türkiye where we continue to advance requirements towards a restart of operations at Çöpler. Together with the Hod Maden investment decision, we look forward to showcasing the significant potential upside ahead for our shareholders,” he noted.

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Disclosure: None. This article is originally published at Insider Monkey.