SSR Mining Inc. (SSRM) 10-Year Financial Performance & Capital Metrics

SSRM • • Industrial / General

Basic MaterialsGoldIntermediate Gold ProducersMulti-Mine Operators

AboutSSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, copper, lead, and zinc deposits. Its projects include the Çöpler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina. The company was formerly known as Silver Standard Resources Inc. and changed its name to SSR Mining Inc. in August 2017. SSR Mining Inc. was incorporated in 1946 and is based in Denver, Colorado.Show more

Revenue $996M -30.2%
EBITDA -$192M -329.3%
Net Income -$261M -166.6%
EPS (Diluted) -1.29 -168.8%
Gross Margin 35.29% +23.2%
EBITDA Margin -19.29% -428.7%
Operating Margin -32.37% -254.6%
Net Margin -26.24% -282.1%
ROE -6.33% -172.4%
ROIC -6.01% -144.5%
Debt/Equity 0.09 +15.0%
Interest Coverage -24.74 -215.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 87 (top 13%)
✓Strong 5Y sales CAGR of 10.4%
✓Trading at only 1.2x book value

✗Weaknesses

✗Negative free cash flow
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.74%

5Y10.41%

3Y-12.26%

TTM28.92%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM144.8%

EPS CAGR

10Y-

5Y-

3Y-

TTM142.87%

ROCE

10Y Avg2.94%

5Y Avg1.96%

3Y Avg-1.68%

Latest-6.33%

Peer Comparison

Multi-Mine Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HLHecla Mining Company	16.9B	25.22	445.58	29.12%	25.23%	12.61%	0.02%	0.27
CDECoeur Mining, Inc.	13.63B	21.22	141.47	28.35%	24.03%	13.21%		0.54
ARMNAris Mining Corporation	3.7B	18.24	130.29	14.06%	6.35%	3.44%		0.48
NGDNew Gold Inc.	8.24B	10.41	74.36	17.55%	20.16%	20%	1.48%	0.38
AGIAlamos Gold Inc.	16.92B	40.30	58.41	31.62%	33.38%	13.27%	1.39%	0.08
CGAUCenterra Gold Inc.	3.24B	16.06	45.89	10.92%	26.35%	17.46%	3.52%	0.01
EGOEldorado Gold Corporation	8.16B	40.61	28.80	30.94%	22.17%	9.08%	0.3%	0.24
EQXEquinox Gold Corp.	11.43B	14.56	21.41	39.14%	5.73%	2.35%		0.41

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	375.32M	490.99M	448.77M	420.68M	606.85M	853.09M	1.47B	1.15B	1.43B	995.62M
Revenue Growth %	0.25%	0.31%	-0.09%	-0.06%	0.44%	0.41%	0.73%	-0.22%	0.24%	-0.3%
Cost of Goods Sold+	356.48M	336.98M	335.51M	343.83M	435.26M	553.8M	899.33M	789.39M	1.02B	644.22M
COGS % of Revenue	0.95%	0.69%	0.75%	0.82%	0.72%	0.65%	0.61%	0.69%	0.71%	0.65%
Gross Profit+	18.84M	154.01M	113.26M	76.84M	171.59M	299.29M	574.87M	358.64M	408.77M	351.39M
Gross Margin %	0.05%	0.31%	0.25%	0.18%	0.28%	0.35%	0.39%	0.31%	0.29%	0.35%
Gross Profit Growth %	-0.48%	7.17%	-0.26%	-0.32%	1.23%	0.74%	0.92%	-0.38%	0.14%	-0.14%
Operating Expenses+	89.9M	36.64M	11.93M	46.95M	53.19M	111.02M	130.49M	168.38M	539.01M	673.68M
OpEx % of Revenue	0.24%	0.07%	0.03%	0.11%	0.09%	0.13%	0.09%	0.15%	0.38%	0.68%
Selling, General & Admin	22.03M	21.83M	20.11M	32.75M	31.11M	33.57M	56.59M	71.66M	67.46M	62.88M
SG&A % of Revenue	0.06%	0.04%	0.04%	0.08%	0.05%	0.04%	0.04%	0.06%	0.05%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	67.87M	19.57M	-8.17M	14.2M	22.08M	77.45M	73.9M	96.72M	471.56M	610.79M
Operating Income+	-71.06M	112.61M	101.33M	29.89M	118.39M	188.28M	444.38M	190.27M	-130.24M	-322.29M
Operating Margin %	-0.19%	0.23%	0.23%	0.07%	0.2%	0.22%	0.3%	0.17%	-0.09%	-0.32%
Operating Income Growth %	-0.35%	2.58%	-0.1%	-0.7%	2.96%	0.59%	1.36%	-0.57%	-1.68%	-1.47%
EBITDA+	8.92M	188.77M	203.81M	130.37M	204.04M	297.53M	672.33M	371.71M	83.77M	-192.09M
EBITDA Margin %	0.02%	0.38%	0.45%	0.31%	0.34%	0.35%	0.46%	0.32%	0.06%	-0.19%
EBITDA Growth %	1.88%	20.16%	0.08%	-0.36%	0.57%	0.46%	1.26%	-0.45%	-0.77%	-3.29%
D&A (Non-Cash Add-back)	79.98M	76.17M	102.48M	100.48M	85.64M	109.26M	227.96M	181.45M	214.01M	130.19M
EBIT	-104.58M	89.12M	89.82M	36.29M	149.43M	215.67M	433.86M	259.95M	-185.79M	-305.71M
Net Interest Income+	-24.68M	-24.2M	-28.74M	-17.47M	-889K	-7.33M	-17.16M	-2.81M	6M	3.71M
Interest Income	-4.21M	-2.13M	4.13M	11.16M	11.88M	6.54M	1.94M	16.31M	22.61M	16.73M
Interest Expense	20.48M	22.08M	32.62M	28.63M	12.77M	13.88M	19.1M	19.12M	16.62M	13.03M
Other Income/Expense	-42.59M	-31.62M	-26.75M	-21.8M	18.26M	12.09M	-32.57M	50.23M	-72.52M	3M
Pretax Income+	-113.66M	80.98M	74.59M	8.09M	136.66M	200.37M	411.81M	240.5M	-202.76M	-319.28M
Pretax Margin %	-0.3%	0.16%	0.17%	0.02%	0.23%	0.23%	0.28%	0.21%	-0.14%	-0.32%
Income Tax+	10.64M	16.03M	3.12M	8.12M	35.44M	43.2M	-14.12M	30.07M	-82.53M	33.3M
Effective Tax Rate %	1.09%	0.8%	0.93%	0.79%	0.75%	0.76%	0.89%	0.81%	0.48%	0.82%
Net Income+	-124.3M	64.96M	69.32M	6.38M	102.78M	151.53M	368.08M	194.14M	-98.01M	-261.28M
Net Margin %	-0.33%	0.13%	0.15%	0.02%	0.17%	0.18%	0.25%	0.17%	-0.07%	-0.26%
Net Income Growth %	0.02%	1.52%	0.07%	-0.91%	15.11%	0.47%	1.43%	-0.47%	-1.5%	-1.67%
Net Income (Continuing)	-124.3M	64.96M	71.47M	-31K	101.22M	157.16M	425.92M	210.43M	-120.22M	-352.58M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	23.04M	31.83M	0	512.28M	514.66M	546.46M	931.12M	839.82M
EPS (Diluted)+	-1.54	0.62	0.57	0.05	0.47	1.01	1.63	0.89	-0.48	-1.29
EPS Growth %	0.02%	1.4%	-0.08%	-0.91%	7.94%	1.15%	0.61%	-0.45%	-1.54%	-1.69%
EPS (Basic)	-1.54	0.63	0.58	0.05	0.47	1.06	1.70	0.92	-0.48	-1.29
Diluted Shares Outstanding	80.77M	104.58M	120.68M	121.35M	122.66M	163.7M	228.24M	222.48M	204.71M	202.26M
Basic Shares Outstanding	80.72M	103.27M	119.59M	120.14M	121.77M	151.14M	215.99M	209.88M	204.71M	202.26M
Dividend Payout Ratio	-	-	-	-	-	-	0.12%	0.29%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	476.73M	704.24M	799.6M	733.12M	899.66M	1.42B	1.6B	1.38B	1.2B	1.03B
Cash & Short-Term Investments	300.05M	476.07M	573.87M	448.75M	570.1M	887.38M	1.06B	695.73M	513.34M	417.35M
Cash Only	211.86M	327.13M	459.86M	419.21M	503.65M	860.63M	1.02B	655.45M	492.39M	387.88M
Short-Term Investments	88.18M	148.94M	114M	29.54M	66.45M	26.75M	40.43M	40.28M	20.94M	29.46M
Accounts Receivable	30.51M	52.34M	29.18M	31.96M	71.83M	83.22M	121.36M	117.67M	142.18M	124.44M
Days Sales Outstanding	29.67	38.91	23.73	27.73	43.2	35.61	30.05	37.41	36.37	45.62
Inventory	135.98M	154.91M	182.58M	232.75M	237.57M	437.03M	389.42M	501.61M	515.14M	464.07M
Days Inventory Outstanding	139.23	167.8	198.63	247.08	199.22	288.04	158.05	231.93	184.67	262.93
Other Current Assets	3.98M	14.82M	19.43M	8.78M	0	0	0	61.42M	25.82M	23.18M
Total Non-Current Assets+	394.94M	734.45M	737.86M	788.02M	850.45M	3.75B	3.61B	3.88B	4.19B	4.16B
Property, Plant & Equipment	348.71M	663.83M	658.63M	701.17M	769.46M	3.48B	3.25B	3.57B	3.89B	3.8B
Fixed Asset Turnover	1.08x	0.74x	0.68x	0.60x	0.79x	0.25x	0.45x	0.32x	0.37x	0.26x
Goodwill	0	49.79M	49.79M	49.79M	49.79M	49.79M	49.79M	49.79M	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	-1.1M	0	0	0	7.78M	4.92M	4.96M	7.53M	5.2M
Other Non-Current Assets	46.23M	19.74M	29.44M	29.54M	31.13M	201.81M	298.15M	254.17M	265.53M	345.86M
Total Assets+	871.68M	1.44B	1.54B	1.52B	1.75B	5.18B	5.21B	5.25B	5.39B	5.19B
Asset Turnover	0.43x	0.34x	0.29x	0.28x	0.35x	0.16x	0.28x	0.22x	0.26x	0.19x
Asset Growth %	-0.12%	0.65%	0.07%	-0.01%	0.15%	1.96%	0.01%	0.01%	0.02%	-0.04%
Total Current Liabilities+	135.85M	144.31M	71.47M	83.25M	234.17M	249.3M	283.88M	279.25M	170.57M	218.88M
Accounts Payable	17.7M	17.08M	16.74M	15.9M	33.58M	42.92M	34.84M	78.93M	37.09M	30.54M
Days Payables Outstanding	18.12	18.5	18.21	16.87	28.16	28.29	14.14	36.5	13.3	17.3
Short-Term Debt	4.27M	0	0	0	114.28M	71.03M	71.49M	1.8M	920K	11M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	79.13M	82.81M	11.31M	20.58M	28.3M	90.58M	26.74M	92.04M	15.04M	41.02M
Current Ratio	3.51x	4.88x	11.19x	8.81x	3.84x	5.71x	5.64x	4.93x	7.01x	4.70x
Quick Ratio	2.51x	3.81x	8.63x	6.01x	2.83x	3.96x	4.27x	3.13x	3.99x	2.58x
Cash Conversion Cycle	150.78	188.2	204.15	257.93	214.26	295.36	173.95	232.85	207.74	291.25
Total Non-Current Liabilities+	288.64M	392.5M	442.06M	431.91M	381.98M	1.08B	875.04M	849.21M	911M	1.02B
Long-Term Debt	208.09M	220.05M	233.18M	247.55M	169.77M	366.61M	295.49M	226.51M	234.06M	246.36M
Capital Lease Obligations	0	0	0	0	3.35M	109.54M	105.97M	102.43M	86.14M	81.37M
Deferred Tax Liabilities	29.03M	116.89M	114.58M	107.91M	127.81M	0	338.79M	342.4M	363.85M	327.28M
Other Non-Current Liabilities	51.53M	55.56M	94.3M	76.45M	81.05M	604.71M	134.79M	177.86M	226.94M	368.27M
Total Liabilities	424.49M	536.81M	513.53M	515.16M	616.15M	1.33B	1.16B	1.13B	1.08B	1.24B
Total Debt+	212.36M	220.05M	233.18M	247.55M	287.84M	552.7M	487.63M	336.59M	327.22M	345.18M
Net Debt	496K	-107.07M	-226.68M	-171.66M	-215.81M	-307.93M	-529.94M	-318.86M	-165.17M	-42.7M
Debt / Equity	0.47x	0.24x	0.23x	0.25x	0.25x	0.14x	0.12x	0.08x	0.08x	0.09x
Debt / EBITDA	23.81x	1.17x	1.14x	1.90x	1.41x	1.86x	0.73x	0.91x	3.91x	-
Net Debt / EBITDA	0.06x	-0.57x	-1.11x	-1.32x	-1.06x	-1.03x	-0.79x	-0.86x	-1.97x	-
Interest Coverage	-3.47x	5.10x	3.11x	1.04x	9.27x	13.57x	23.27x	9.95x	-7.84x	-24.74x
Total Equity+	447.18M	901.88M	1.02B	1.01B	1.13B	3.85B	4.05B	4.13B	4.3B	3.95B
Equity Growth %	-0.23%	1.02%	0.14%	-0.02%	0.13%	2.39%	0.05%	0.02%	0.04%	-0.08%
Book Value per Share	5.54	8.62	8.48	8.29	9.24	23.50	17.76	18.55	21.03	19.51
Total Shareholders' Equity	447.18M	901.88M	1B	974.15M	1.13B	3.33B	3.54B	3.58B	3.37B	3.11B
Common Stock	707.61M	1.04B	1.05B	1.06B	1.08B	3.24B	3.14B	3.06B	3.01B	2.99B
Retained Earnings	-273.97M	-209.01M	-139.69M	-133.31M	-76M	92.08M	397.67M	521.82M	368.06M	113.36M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	13.54M	-1.01M	93.34M	52.04M	19.76M	0	0	0	0	0
Minority Interest	0	0	23.04M	31.83M	0	512.28M	514.66M	546.46M	931.12M	839.82M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	74.11M	170.68M	144.72M	59.77M	118.14M	307.1M	608.99M	160.9M	421.73M	40.13M
Operating CF Margin %	0.2%	0.35%	0.32%	0.14%	0.19%	0.36%	0.41%	0.14%	0.3%	0.04%
Operating CF Growth %	0.08%	1.3%	-0.15%	-0.59%	0.98%	1.6%	0.98%	-0.74%	1.62%	-0.9%
Net Income	-124.3M	64.96M	71.81M	-31K	58.65M	159.54M	425.92M	210.43M	-120.22M	-3.13M
Depreciation & Amortization	76.82M	76.17M	102.48M	97.15M	84.34M	119.05M	256.42M	180.05M	0	130.19M
Stock-Based Compensation	2.79M	2.13M	2.22M	2.16M	4M	15.85M	14.8M	6.47M	5.17M	4.72M
Deferred Taxes	10.64M	16.03M	27.97K	74.02K	5.71M	40.85M	-130.57M	-65.24M	-137.32M	-20.82M
Other Non-Cash Items	100.47M	2.32M	-26.75M	-8.65M	48.34M	12.4M	71.45M	-29.38M	810.7M	-5.06M
Working Capital Changes	7.68M	9.08M	-5.06M	-30.93M	-82.9M	-40.59M	-29.04M	-141.43M	-136.61M	-65.78M
Change in Receivables	8.65M	-14.26M	23.23M	-4.23M	-66.34M	5.13M	0	0	0	2.89M
Change in Inventory	-19.71M	16.29M	-10.97M	-40.14M	-10.87M	79.1M	0	0	0	-80.29M
Change in Payables	6.43M	5.68M	-10.12M	18.75M	19.66M	8.17M	-6.88M	0	-41.87M	0
Cash from Investing+	-44.34M	-43.26M	-15.49M	-115.93M	-114.88M	240.42M	-129.14M	-236.28M	-339.26M	-143.12M
Capital Expenditures	-37.28M	-42.27M	-28.9M	-67.75M	-110.62M	-138.99M	-164.81M	-137.51M	-223.42M	-143.53M
CapEx % of Revenue	0.1%	0.09%	0.06%	0.16%	0.18%	0.16%	0.11%	0.12%	0.16%	0.14%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-7.5M	-22.27M	-42.27M	-92.82M	-1.79M	8.48M	34.37M	44.31M	-83K	-220.99K
Cash from Financing+	244K	-11.06M	4.6M	20.52M	81.47M	-158.37M	-319.77M	-271.78M	-182.26M	6.92M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-43.23M	-58.8M	-57.67M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	411K	6.49M	4.6M	20.52M	11.28M	6.54M	-48.02M	-31.7M	6.75M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	24.29M	95.79M	92.97M	-98.26M	7.51M	168.11M	444.18M	23.38M	198.3M	-103.4M
FCF Margin %	0.06%	0.2%	0.21%	-0.23%	0.01%	0.2%	0.3%	0.02%	0.14%	-0.1%
FCF Growth %	1.11%	2.94%	-0.03%	-2.06%	1.08%	21.37%	1.64%	-0.95%	7.48%	-1.52%
FCF per Share	0.30	0.92	0.77	-0.81	0.06	1.03	1.95	0.11	0.97	-0.51
FCF Conversion (FCF/Net Income)	-0.60x	2.63x	2.09x	9.37x	1.15x	2.03x	1.65x	0.83x	-4.30x	-0.15x
Interest Paid	0	0	0	0	0	0	12.51M	22.58M	16.46M	7.42M
Taxes Paid	0	0	0	0	0	0	58M	145.55M	33.59M	25.54M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-24.22%	9.63%	7.2%	0.63%	9.61%	6.08%	9.32%	4.75%	-2.33%	-6.33%
Return on Invested Capital (ROIC)	-10.2%	13.59%	9.55%	2.75%	10.13%	6.34%	9.44%	3.89%	-2.46%	-6.01%
Gross Margin	5.02%	31.37%	25.24%	18.27%	28.27%	35.08%	39%	31.24%	28.65%	35.29%
Net Margin	-33.12%	13.23%	15.45%	1.52%	16.94%	17.76%	24.97%	16.91%	-6.87%	-26.24%
Debt / Equity	0.47x	0.24x	0.23x	0.25x	0.25x	0.14x	0.12x	0.08x	0.08x	0.09x
Interest Coverage	-3.47x	5.10x	3.11x	1.04x	9.27x	13.57x	23.27x	9.95x	-7.84x	-24.74x
FCF Conversion	-0.60x	2.63x	2.09x	9.37x	1.15x	2.03x	1.65x	0.83x	-4.30x	-0.15x
Revenue Growth	25.06%	30.82%	-8.6%	-6.26%	44.26%	40.58%	72.81%	-22.13%	24.29%	-30.23%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Gold	-	-	-	1.24B	946.01M	1.14B	664.49M
Gold Growth	-	-	-	-	-23.76%	20.64%	-41.78%
Silver	-	-	-	183.38M	153.28M	215.39M	272.33M
Silver Growth	-	-	-	-	-16.41%	40.52%	26.44%
Lead	-	-	-	33.07M	37.52M	46.42M	45.93M
Lead Growth	-	-	-	-	13.45%	23.73%	-1.06%
Other Metals	-	-	-	3.4M	161K	15.21M	9.18M
Other Metals Growth	-	-	-	-	-95.26%	9349.07%	-39.64%
Zinc	-	-	-	13.51M	11.06M	8.63M	3.68M
Zinc Growth	-	-	-	-	-18.14%	-21.98%	-57.36%
Gold Dore And Bullion	366M	461.46M	750.46M	-	-	-	-
Gold Dore And Bullion Growth	-	26.08%	62.63%	-	-	-	-
Concentrate	57.46M	144.86M	105.35M	-	-	-	-
Concentrate Growth	-	152.10%	-27.27%	-	-	-	-
Other Products And Services	-2.78M	526K	-2.72M	-	-	-	-
Other Products And Services Growth	-	118.91%	-616.92%	-	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	426.39M	348.82M	538.24M	409.02M
UNITED STATES Growth	-	-	-	-	-18.19%	54.31%	-24.01%
ARGENTINA	-	-	-	226.06M	199.45M	281.92M	330.53M
ARGENTINA Growth	-	-	-	-	-11.77%	41.35%	17.24%
CANADA	-	-	-	213.86M	244.69M	164.35M	191.77M
CANADA Growth	-	-	-	-	14.42%	-32.84%	16.69%
TURKEY	-	-	-	607.89M	355.07M	442.42M	64.3M
TURKEY Growth	-	-	-	-	-41.59%	24.60%	-85.47%

Frequently Asked Questions

Growth & Financials

SSR Mining Inc. (SSRM) reported $1.43B in revenue for fiscal year 2024. This represents a 868% increase from $147.8M in 2011.

SSR Mining Inc. (SSRM) saw revenue decline by 30.2% over the past year.

Yes, SSR Mining Inc. (SSRM) is profitable, generating $219.9M in net income for fiscal year 2024 (-26.2% net margin).

Dividend & Returns

SSR Mining Inc. (SSRM) has a return on equity (ROE) of -6.3%. Negative ROE indicates the company is unprofitable.

SSR Mining Inc. (SSRM) generated $296.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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SSR Mining Inc. (SSRM) 10-Year Financial Performance & Capital Metrics

SSRM • • Industrial / General

Basic MaterialsGoldIntermediate Gold ProducersMulti-Mine Operators

Revenue $996M -30.2%
EBITDA -$192M -329.3%
Net Income -$261M -166.6%
EPS (Diluted) -1.29 -168.8%
Gross Margin 35.29% +23.2%
EBITDA Margin -19.29% -428.7%
Operating Margin -32.37% -254.6%
Net Margin -26.24% -282.1%
ROE -6.33% -172.4%
ROIC -6.01% -144.5%
Debt/Equity 0.09 +15.0%
Interest Coverage -24.74 -215.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 87 (top 13%)
✓Strong 5Y sales CAGR of 10.4%
✓Trading at only 1.2x book value

✗Weaknesses

✗Negative free cash flow
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y12.74%

5Y10.41%

3Y-12.26%

TTM28.92%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM144.8%

EPS CAGR

10Y-

5Y-

3Y-

TTM142.87%

ROCE

10Y Avg2.94%

5Y Avg1.96%

3Y Avg-1.68%

Latest-6.33%

Peer Comparison

Multi-Mine Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HLHecla Mining Company	16.9B	25.22	445.58	29.12%	25.23%	12.61%	0.02%	0.27
CDECoeur Mining, Inc.	13.63B	21.22	141.47	28.35%	24.03%	13.21%		0.54
ARMNAris Mining Corporation	3.7B	18.24	130.29	14.06%	6.35%	3.44%		0.48
NGDNew Gold Inc.	8.24B	10.41	74.36	17.55%	20.16%	20%	1.48%	0.38
AGIAlamos Gold Inc.	16.92B	40.30	58.41	31.62%	33.38%	13.27%	1.39%	0.08
CGAUCenterra Gold Inc.	3.24B	16.06	45.89	10.92%	26.35%	17.46%	3.52%	0.01
EGOEldorado Gold Corporation	8.16B	40.61	28.80	30.94%	22.17%	9.08%	0.3%	0.24
EQXEquinox Gold Corp.	11.43B	14.56	21.41	39.14%	5.73%	2.35%		0.41

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	375.32M	490.99M	448.77M	420.68M	606.85M	853.09M	1.47B	1.15B	1.43B	995.62M
Revenue Growth %	0.25%	0.31%	-0.09%	-0.06%	0.44%	0.41%	0.73%	-0.22%	0.24%	-0.3%
Cost of Goods Sold+	356.48M	336.98M	335.51M	343.83M	435.26M	553.8M	899.33M	789.39M	1.02B	644.22M
COGS % of Revenue	0.95%	0.69%	0.75%	0.82%	0.72%	0.65%	0.61%	0.69%	0.71%	0.65%
Gross Profit+	18.84M	154.01M	113.26M	76.84M	171.59M	299.29M	574.87M	358.64M	408.77M	351.39M
Gross Margin %	0.05%	0.31%	0.25%	0.18%	0.28%	0.35%	0.39%	0.31%	0.29%	0.35%
Gross Profit Growth %	-0.48%	7.17%	-0.26%	-0.32%	1.23%	0.74%	0.92%	-0.38%	0.14%	-0.14%
Operating Expenses+	89.9M	36.64M	11.93M	46.95M	53.19M	111.02M	130.49M	168.38M	539.01M	673.68M
OpEx % of Revenue	0.24%	0.07%	0.03%	0.11%	0.09%	0.13%	0.09%	0.15%	0.38%	0.68%
Selling, General & Admin	22.03M	21.83M	20.11M	32.75M	31.11M	33.57M	56.59M	71.66M	67.46M	62.88M
SG&A % of Revenue	0.06%	0.04%	0.04%	0.08%	0.05%	0.04%	0.04%	0.06%	0.05%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	67.87M	19.57M	-8.17M	14.2M	22.08M	77.45M	73.9M	96.72M	471.56M	610.79M
Operating Income+	-71.06M	112.61M	101.33M	29.89M	118.39M	188.28M	444.38M	190.27M	-130.24M	-322.29M
Operating Margin %	-0.19%	0.23%	0.23%	0.07%	0.2%	0.22%	0.3%	0.17%	-0.09%	-0.32%
Operating Income Growth %	-0.35%	2.58%	-0.1%	-0.7%	2.96%	0.59%	1.36%	-0.57%	-1.68%	-1.47%
EBITDA+	8.92M	188.77M	203.81M	130.37M	204.04M	297.53M	672.33M	371.71M	83.77M	-192.09M
EBITDA Margin %	0.02%	0.38%	0.45%	0.31%	0.34%	0.35%	0.46%	0.32%	0.06%	-0.19%
EBITDA Growth %	1.88%	20.16%	0.08%	-0.36%	0.57%	0.46%	1.26%	-0.45%	-0.77%	-3.29%
D&A (Non-Cash Add-back)	79.98M	76.17M	102.48M	100.48M	85.64M	109.26M	227.96M	181.45M	214.01M	130.19M
EBIT	-104.58M	89.12M	89.82M	36.29M	149.43M	215.67M	433.86M	259.95M	-185.79M	-305.71M
Net Interest Income+	-24.68M	-24.2M	-28.74M	-17.47M	-889K	-7.33M	-17.16M	-2.81M	6M	3.71M
Interest Income	-4.21M	-2.13M	4.13M	11.16M	11.88M	6.54M	1.94M	16.31M	22.61M	16.73M
Interest Expense	20.48M	22.08M	32.62M	28.63M	12.77M	13.88M	19.1M	19.12M	16.62M	13.03M
Other Income/Expense	-42.59M	-31.62M	-26.75M	-21.8M	18.26M	12.09M	-32.57M	50.23M	-72.52M	3M
Pretax Income+	-113.66M	80.98M	74.59M	8.09M	136.66M	200.37M	411.81M	240.5M	-202.76M	-319.28M
Pretax Margin %	-0.3%	0.16%	0.17%	0.02%	0.23%	0.23%	0.28%	0.21%	-0.14%	-0.32%
Income Tax+	10.64M	16.03M	3.12M	8.12M	35.44M	43.2M	-14.12M	30.07M	-82.53M	33.3M
Effective Tax Rate %	1.09%	0.8%	0.93%	0.79%	0.75%	0.76%	0.89%	0.81%	0.48%	0.82%
Net Income+	-124.3M	64.96M	69.32M	6.38M	102.78M	151.53M	368.08M	194.14M	-98.01M	-261.28M
Net Margin %	-0.33%	0.13%	0.15%	0.02%	0.17%	0.18%	0.25%	0.17%	-0.07%	-0.26%
Net Income Growth %	0.02%	1.52%	0.07%	-0.91%	15.11%	0.47%	1.43%	-0.47%	-1.5%	-1.67%
Net Income (Continuing)	-124.3M	64.96M	71.47M	-31K	101.22M	157.16M	425.92M	210.43M	-120.22M	-352.58M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	23.04M	31.83M	0	512.28M	514.66M	546.46M	931.12M	839.82M
EPS (Diluted)+	-1.54	0.62	0.57	0.05	0.47	1.01	1.63	0.89	-0.48	-1.29
EPS Growth %	0.02%	1.4%	-0.08%	-0.91%	7.94%	1.15%	0.61%	-0.45%	-1.54%	-1.69%
EPS (Basic)	-1.54	0.63	0.58	0.05	0.47	1.06	1.70	0.92	-0.48	-1.29
Diluted Shares Outstanding	80.77M	104.58M	120.68M	121.35M	122.66M	163.7M	228.24M	222.48M	204.71M	202.26M
Basic Shares Outstanding	80.72M	103.27M	119.59M	120.14M	121.77M	151.14M	215.99M	209.88M	204.71M	202.26M
Dividend Payout Ratio	-	-	-	-	-	-	0.12%	0.29%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	476.73M	704.24M	799.6M	733.12M	899.66M	1.42B	1.6B	1.38B	1.2B	1.03B
Cash & Short-Term Investments	300.05M	476.07M	573.87M	448.75M	570.1M	887.38M	1.06B	695.73M	513.34M	417.35M
Cash Only	211.86M	327.13M	459.86M	419.21M	503.65M	860.63M	1.02B	655.45M	492.39M	387.88M
Short-Term Investments	88.18M	148.94M	114M	29.54M	66.45M	26.75M	40.43M	40.28M	20.94M	29.46M
Accounts Receivable	30.51M	52.34M	29.18M	31.96M	71.83M	83.22M	121.36M	117.67M	142.18M	124.44M
Days Sales Outstanding	29.67	38.91	23.73	27.73	43.2	35.61	30.05	37.41	36.37	45.62
Inventory	135.98M	154.91M	182.58M	232.75M	237.57M	437.03M	389.42M	501.61M	515.14M	464.07M
Days Inventory Outstanding	139.23	167.8	198.63	247.08	199.22	288.04	158.05	231.93	184.67	262.93
Other Current Assets	3.98M	14.82M	19.43M	8.78M	0	0	0	61.42M	25.82M	23.18M
Total Non-Current Assets+	394.94M	734.45M	737.86M	788.02M	850.45M	3.75B	3.61B	3.88B	4.19B	4.16B
Property, Plant & Equipment	348.71M	663.83M	658.63M	701.17M	769.46M	3.48B	3.25B	3.57B	3.89B	3.8B
Fixed Asset Turnover	1.08x	0.74x	0.68x	0.60x	0.79x	0.25x	0.45x	0.32x	0.37x	0.26x
Goodwill	0	49.79M	49.79M	49.79M	49.79M	49.79M	49.79M	49.79M	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	-1.1M	0	0	0	7.78M	4.92M	4.96M	7.53M	5.2M
Other Non-Current Assets	46.23M	19.74M	29.44M	29.54M	31.13M	201.81M	298.15M	254.17M	265.53M	345.86M
Total Assets+	871.68M	1.44B	1.54B	1.52B	1.75B	5.18B	5.21B	5.25B	5.39B	5.19B
Asset Turnover	0.43x	0.34x	0.29x	0.28x	0.35x	0.16x	0.28x	0.22x	0.26x	0.19x
Asset Growth %	-0.12%	0.65%	0.07%	-0.01%	0.15%	1.96%	0.01%	0.01%	0.02%	-0.04%
Total Current Liabilities+	135.85M	144.31M	71.47M	83.25M	234.17M	249.3M	283.88M	279.25M	170.57M	218.88M
Accounts Payable	17.7M	17.08M	16.74M	15.9M	33.58M	42.92M	34.84M	78.93M	37.09M	30.54M
Days Payables Outstanding	18.12	18.5	18.21	16.87	28.16	28.29	14.14	36.5	13.3	17.3
Short-Term Debt	4.27M	0	0	0	114.28M	71.03M	71.49M	1.8M	920K	11M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	79.13M	82.81M	11.31M	20.58M	28.3M	90.58M	26.74M	92.04M	15.04M	41.02M
Current Ratio	3.51x	4.88x	11.19x	8.81x	3.84x	5.71x	5.64x	4.93x	7.01x	4.70x
Quick Ratio	2.51x	3.81x	8.63x	6.01x	2.83x	3.96x	4.27x	3.13x	3.99x	2.58x
Cash Conversion Cycle	150.78	188.2	204.15	257.93	214.26	295.36	173.95	232.85	207.74	291.25
Total Non-Current Liabilities+	288.64M	392.5M	442.06M	431.91M	381.98M	1.08B	875.04M	849.21M	911M	1.02B
Long-Term Debt	208.09M	220.05M	233.18M	247.55M	169.77M	366.61M	295.49M	226.51M	234.06M	246.36M
Capital Lease Obligations	0	0	0	0	3.35M	109.54M	105.97M	102.43M	86.14M	81.37M
Deferred Tax Liabilities	29.03M	116.89M	114.58M	107.91M	127.81M	0	338.79M	342.4M	363.85M	327.28M
Other Non-Current Liabilities	51.53M	55.56M	94.3M	76.45M	81.05M	604.71M	134.79M	177.86M	226.94M	368.27M
Total Liabilities	424.49M	536.81M	513.53M	515.16M	616.15M	1.33B	1.16B	1.13B	1.08B	1.24B
Total Debt+	212.36M	220.05M	233.18M	247.55M	287.84M	552.7M	487.63M	336.59M	327.22M	345.18M
Net Debt	496K	-107.07M	-226.68M	-171.66M	-215.81M	-307.93M	-529.94M	-318.86M	-165.17M	-42.7M
Debt / Equity	0.47x	0.24x	0.23x	0.25x	0.25x	0.14x	0.12x	0.08x	0.08x	0.09x
Debt / EBITDA	23.81x	1.17x	1.14x	1.90x	1.41x	1.86x	0.73x	0.91x	3.91x	-
Net Debt / EBITDA	0.06x	-0.57x	-1.11x	-1.32x	-1.06x	-1.03x	-0.79x	-0.86x	-1.97x	-
Interest Coverage	-3.47x	5.10x	3.11x	1.04x	9.27x	13.57x	23.27x	9.95x	-7.84x	-24.74x
Total Equity+	447.18M	901.88M	1.02B	1.01B	1.13B	3.85B	4.05B	4.13B	4.3B	3.95B
Equity Growth %	-0.23%	1.02%	0.14%	-0.02%	0.13%	2.39%	0.05%	0.02%	0.04%	-0.08%
Book Value per Share	5.54	8.62	8.48	8.29	9.24	23.50	17.76	18.55	21.03	19.51
Total Shareholders' Equity	447.18M	901.88M	1B	974.15M	1.13B	3.33B	3.54B	3.58B	3.37B	3.11B
Common Stock	707.61M	1.04B	1.05B	1.06B	1.08B	3.24B	3.14B	3.06B	3.01B	2.99B
Retained Earnings	-273.97M	-209.01M	-139.69M	-133.31M	-76M	92.08M	397.67M	521.82M	368.06M	113.36M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	13.54M	-1.01M	93.34M	52.04M	19.76M	0	0	0	0	0
Minority Interest	0	0	23.04M	31.83M	0	512.28M	514.66M	546.46M	931.12M	839.82M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	74.11M	170.68M	144.72M	59.77M	118.14M	307.1M	608.99M	160.9M	421.73M	40.13M
Operating CF Margin %	0.2%	0.35%	0.32%	0.14%	0.19%	0.36%	0.41%	0.14%	0.3%	0.04%
Operating CF Growth %	0.08%	1.3%	-0.15%	-0.59%	0.98%	1.6%	0.98%	-0.74%	1.62%	-0.9%
Net Income	-124.3M	64.96M	71.81M	-31K	58.65M	159.54M	425.92M	210.43M	-120.22M	-3.13M
Depreciation & Amortization	76.82M	76.17M	102.48M	97.15M	84.34M	119.05M	256.42M	180.05M	0	130.19M
Stock-Based Compensation	2.79M	2.13M	2.22M	2.16M	4M	15.85M	14.8M	6.47M	5.17M	4.72M
Deferred Taxes	10.64M	16.03M	27.97K	74.02K	5.71M	40.85M	-130.57M	-65.24M	-137.32M	-20.82M
Other Non-Cash Items	100.47M	2.32M	-26.75M	-8.65M	48.34M	12.4M	71.45M	-29.38M	810.7M	-5.06M
Working Capital Changes	7.68M	9.08M	-5.06M	-30.93M	-82.9M	-40.59M	-29.04M	-141.43M	-136.61M	-65.78M
Change in Receivables	8.65M	-14.26M	23.23M	-4.23M	-66.34M	5.13M	0	0	0	2.89M
Change in Inventory	-19.71M	16.29M	-10.97M	-40.14M	-10.87M	79.1M	0	0	0	-80.29M
Change in Payables	6.43M	5.68M	-10.12M	18.75M	19.66M	8.17M	-6.88M	0	-41.87M	0
Cash from Investing+	-44.34M	-43.26M	-15.49M	-115.93M	-114.88M	240.42M	-129.14M	-236.28M	-339.26M	-143.12M
Capital Expenditures	-37.28M	-42.27M	-28.9M	-67.75M	-110.62M	-138.99M	-164.81M	-137.51M	-223.42M	-143.53M
CapEx % of Revenue	0.1%	0.09%	0.06%	0.16%	0.18%	0.16%	0.11%	0.12%	0.16%	0.14%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-7.5M	-22.27M	-42.27M	-92.82M	-1.79M	8.48M	34.37M	44.31M	-83K	-220.99K
Cash from Financing+	244K	-11.06M	4.6M	20.52M	81.47M	-158.37M	-319.77M	-271.78M	-182.26M	6.92M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-43.23M	-58.8M	-57.67M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	411K	6.49M	4.6M	20.52M	11.28M	6.54M	-48.02M	-31.7M	6.75M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	24.29M	95.79M	92.97M	-98.26M	7.51M	168.11M	444.18M	23.38M	198.3M	-103.4M
FCF Margin %	0.06%	0.2%	0.21%	-0.23%	0.01%	0.2%	0.3%	0.02%	0.14%	-0.1%
FCF Growth %	1.11%	2.94%	-0.03%	-2.06%	1.08%	21.37%	1.64%	-0.95%	7.48%	-1.52%
FCF per Share	0.30	0.92	0.77	-0.81	0.06	1.03	1.95	0.11	0.97	-0.51
FCF Conversion (FCF/Net Income)	-0.60x	2.63x	2.09x	9.37x	1.15x	2.03x	1.65x	0.83x	-4.30x	-0.15x
Interest Paid	0	0	0	0	0	0	12.51M	22.58M	16.46M	7.42M
Taxes Paid	0	0	0	0	0	0	58M	145.55M	33.59M	25.54M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-24.22%	9.63%	7.2%	0.63%	9.61%	6.08%	9.32%	4.75%	-2.33%	-6.33%
Return on Invested Capital (ROIC)	-10.2%	13.59%	9.55%	2.75%	10.13%	6.34%	9.44%	3.89%	-2.46%	-6.01%
Gross Margin	5.02%	31.37%	25.24%	18.27%	28.27%	35.08%	39%	31.24%	28.65%	35.29%
Net Margin	-33.12%	13.23%	15.45%	1.52%	16.94%	17.76%	24.97%	16.91%	-6.87%	-26.24%
Debt / Equity	0.47x	0.24x	0.23x	0.25x	0.25x	0.14x	0.12x	0.08x	0.08x	0.09x
Interest Coverage	-3.47x	5.10x	3.11x	1.04x	9.27x	13.57x	23.27x	9.95x	-7.84x	-24.74x
FCF Conversion	-0.60x	2.63x	2.09x	9.37x	1.15x	2.03x	1.65x	0.83x	-4.30x	-0.15x
Revenue Growth	25.06%	30.82%	-8.6%	-6.26%	44.26%	40.58%	72.81%	-22.13%	24.29%	-30.23%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Gold	-	-	-	1.24B	946.01M	1.14B	664.49M
Gold Growth	-	-	-	-	-23.76%	20.64%	-41.78%
Silver	-	-	-	183.38M	153.28M	215.39M	272.33M
Silver Growth	-	-	-	-	-16.41%	40.52%	26.44%
Lead	-	-	-	33.07M	37.52M	46.42M	45.93M
Lead Growth	-	-	-	-	13.45%	23.73%	-1.06%
Other Metals	-	-	-	3.4M	161K	15.21M	9.18M
Other Metals Growth	-	-	-	-	-95.26%	9349.07%	-39.64%
Zinc	-	-	-	13.51M	11.06M	8.63M	3.68M
Zinc Growth	-	-	-	-	-18.14%	-21.98%	-57.36%
Gold Dore And Bullion	366M	461.46M	750.46M	-	-	-	-
Gold Dore And Bullion Growth	-	26.08%	62.63%	-	-	-	-
Concentrate	57.46M	144.86M	105.35M	-	-	-	-
Concentrate Growth	-	152.10%	-27.27%	-	-	-	-
Other Products And Services	-2.78M	526K	-2.72M	-	-	-	-
Other Products And Services Growth	-	118.91%	-616.92%	-	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	426.39M	348.82M	538.24M	409.02M
UNITED STATES Growth	-	-	-	-	-18.19%	54.31%	-24.01%
ARGENTINA	-	-	-	226.06M	199.45M	281.92M	330.53M
ARGENTINA Growth	-	-	-	-	-11.77%	41.35%	17.24%
CANADA	-	-	-	213.86M	244.69M	164.35M	191.77M
CANADA Growth	-	-	-	-	14.42%	-32.84%	16.69%
TURKEY	-	-	-	607.89M	355.07M	442.42M	64.3M
TURKEY Growth	-	-	-	-	-41.59%	24.60%	-85.47%

Frequently Asked Questions

Growth & Financials

SSR Mining Inc. (SSRM) reported $1.43B in revenue for fiscal year 2024. This represents a 868% increase from $147.8M in 2011.

SSR Mining Inc. (SSRM) saw revenue decline by 30.2% over the past year.

Yes, SSR Mining Inc. (SSRM) is profitable, generating $219.9M in net income for fiscal year 2024 (-26.2% net margin).

Dividend & Returns

SSR Mining Inc. (SSRM) has a return on equity (ROE) of -6.3%. Negative ROE indicates the company is unprofitable.

SSR Mining Inc. (SSRM) generated $296.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.