SSR Mining Inc's stock surged 11.08% in pre-market trading on Wednesday, extending gains from the previous session.
The sharp rise follows the company's release of its first-quarter fiscal 2026 financial results, which significantly exceeded analyst expectations. SSR Mining reported adjusted earnings per share of $1.15, beating the consensus estimate of $0.86 by a substantial margin. Quarterly revenue reached $581.78 million, surpassing estimates of $539.39 million and marking an 83.7% increase from the same period last year.
Positive corporate developments also fueled investor optimism. The company signed a definitive agreement to sell its 80% stake in the Çöpler mine for approximately $1.5 billion in cash, with the transaction expected to close before the end of the third quarter of 2026. Additionally, SSR Mining's board authorized a share buyback program of up to $300 million. The strong quarterly performance was driven by higher gold output and realized prices at operations including Cripple Creek & Victor.
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