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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.

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.

While we acknowledge the risk and potential of SSRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SSRM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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