Capital investment and capacitymixed · 4 filings
“AISC per ounce of silver sold increased by 75.8% primarily due to higher cash cost per ounce of silver sold and higher sustaining capital expenditures.”10-Q · May 5, 2026 ↗
SSR Mining Inc.
SSRM
Market read
SSR Mining Inc.'s move is spreading beyond its market group.
SSRM accounts for 8.7% of the group's measured movement across 10.9 effective names. raw member direction is mixed; 12 of 12 SPY-adjusted paths align to the upside. Capital-flow agreement is 19%, so confirmation is not yet clean. No verified headline preceded the measured group move.
MOVE ANATOMY
SPY-adjusted 5m pathsIs this move genuinely shared?
Role in the moveAligned contributor#5 of 12 by movement share
Group movement share8.7%Absolute path energy—not portfolio weight
Relative path+1.76%aligned
Effective breadth10.9 / 12broad
Relative alignment12/12upside path · 0 counter-moving
Capital-flow agreement19%not yet clean
SEQUENCE READ
SSRM was the first measured mover. SSRM crossed its material path threshold at 10:10 ET. FSM, EXK, GAU followed.
EVIDENCE COVERAGE
5 of 12 members in Gold and Silver Miners are active. 0 of 1 disclosed connections are confirming.
What would change this read
Watch this read- At least 8 of 12 durable members become active together.
- Capital-flow agreement rises above 55%.
- HYMC remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 4 of 12 members or fewer.
Research brief
The story so far
SSRM accounts for 8.7% of the group's measured movement across 10.9 effective names. raw member direction is mixed; 12 of 12 SPY-adjusted paths align to the upside. Capital-flow agreement is 19%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 8 of 12 durable members become active together.
- Capital-flow agreement rises above 55%.
- HYMC remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods7
Price observations338
Usable filing statements216
Verified relationships2
Evidence supporting the case
- Latest annual revenue changed +62.4% year over year.
- Operating margin changed +61.4 percentage points in the latest annual period.
- Net margin changed +51.2 percentage points in the latest annual period.
- Operating cash flow covered net income at 1.19x in the latest annual period.
Evidence challenging the case
- Diluted shares increased 7.3% in the latest annual period.
- Foreign exchange has repeated adverse evidence across 4 filings.
Questions before a position
- EV/sales is 17% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 25, 2026
35.706m+44.8%12m+56.4%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.5B+72.8%$1.63+39.4%
2022-12-31$1.1B-22.1%$0.89-2.5%
2023-12-31$1.4B+23.3%$-0.48-8.0%
2024-12-31$987.0M-30.3%$-1.29-1.2%
2025-12-31$1.6B+62.4%$1.85+7.3%
What management says matters
Persistent and emerging business drivers
Foreign exchangenegative · 4 filings
“During the three months ended March 31, 2026, the foreign exchange gain was primarily due to the strengthening of the ARS against the USD and its impact on ARS-denominated assets.”10-Q · May 5, 2026 ↗
Restructuring and cost reductionsnegative · 2 filings
“The impairment was driven by a deterioration in underlying cash flows as a result of a decrease in mineral reserves and mineral resources.”10-K · Feb 17, 2026 ↗
Energy and commodity pricesnegative · 1 filings
“The adjustment only impacts the AISC calculation and does not impact Reclamation and remediation costs or Net income (loss) attributable to SSR Mining shareholders in the Company's Consolidated Statements of Operations.”10-K · Feb 17, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 4.8× · EV/sales 4.5×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
35.70-0.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 25 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SSRM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for SSRM. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind SSRM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
NEMNewmont CorporationinvesteeMay 5, 2026 ▾
“ACQUISITIONS AND DIVESTITURES Acquisitions Acquisition of Cripple Creek and Victor Gold Mine On February 28, 2025 (“Acquisition Date”), the Company acquired all of the issued and outstanding common shares of CC&V from Newmont Corporation (“Newmont”) in an all…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SSRM is currently a Participant in the organic co-movement group Gold and Silver Miners. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.