SSR Mining Inc. SSRM produced 211,873 gold-equivalent ounces (“GEOs”) in the first half of 2026, down 5% year over year. Despite this setback, the company is on track to meet the full-year guidance of 450,000-535,000 GEOs, supported by a stronger second half performance at the company’s America operations. The guidance indicates a 10% year-over-year improvement at the mid-point.
SSR Mining expects the full-year production at Marigold to be 170,000-200,000 ounces, indicating a year-over-year increase of 20% at the midpoint. The company expects 65% of the second-half production in the fourth quarter. The upside will be driven by higher grades. CC&V mine’s production is expected to be 125,000-150,000 ounces for 2026, with 50-55% of remaining production expected in the fourth quarter. The mine produced 124,557 ounces of gold in 2025.
Higher production from the Seabee mine in Canada and the Puna mine in Argentina will also aid growth. Seabee’s second-half production is expected to be weighted toward the fourth quarter of 2026, driven by higher grades. The company expects Seabee’s production to be 60,000-70,000 ounces, suggesting 18% year-over-year growth at the midpoint.
SSRM expects the Puna mine to produce 95,000-115,000 GEOs in 2026, relatively evenly split between the third and the fourth quarter. The mine produced 112,368 GEOs in 2025. SSRM’s key assets showcase significant potential upside.
SSR Mining’s Peers 2026 Guidance
Wheaton Precious Metals Corp. WPM reaffirmed the 2026 attributable production guidance of 860,000-940,000 GEOs, with output expected to be weighted to the second half of 2026. This indicates a rise of 30% at the mid-point from Wheaton Precious Metals’ 2025 production of 692,000 ounces. Wheaton Precious Metals produced 414,755 GEOs in the first half of 2026, up 13.8% year over year.
AngloGold Ashanti PLC AU maintains gold production expectations between 2.80 million and 3.17 million ounces for 2026. The production is expected to be heavily weighted toward the second half of 2026. This suggests a year-over-year dip of 3% at the mid-point due to cost pressures. AngloGold Ashanti’s gold production was 1,468 thousand ounces in the first half of 2026. AngloGold Ashanti’s gold production dipped 4% year over year in the first half of 2026, reflecting the sale of the Serra Grande mine in December 2025.
SSRM’s Price Performance, Valuations & Estimates
SSR Mining’s stock has appreciated 57.8% in a year compared with the industry’s growth of 34.5%. Meanwhile, the Zacks Basic Materials sector and the S&P 500 have returned 18.4% and 17%, respectively.
SSRM is currently trading at a forward 12-month price-to-earnings multiple of 9.84X, a discount to the industry average of 16.37X.
The Zacks Consensus Estimate for 2026 earnings is pegged at $3.87 per share, indicating a year-over-year surge of 92.5%. The estimate for 2027 of $3.90 suggests an increase of 1%.
The Zacks Consensus Estimate for 2026 and 2027 has moved south for the past 60 days.
The SSRM stock currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Silver Standard Resources Inc. (SSRM): Free Stock Analysis Report
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