Key Highlights

  • Cash reached USD 1.55 billion at September 30, 2026, up from USD 516 million at December 31, 2025, after SSR Mining (NASDAQ:SSRM) collected USD 1.495 billion from the Çöpler sale.
  • Continuing-operations Revenue in the third quarter rose to USD 447.7 million from USD 385.8 million, while income from continuing operations reached USD 94.8 million.
  • Nine-month share repurchases consumed USD 531.4 million of cash and cut shares outstanding to 200.2 million from 203.0 million.
  • Third-quarter reclamation costs rose to USD 51.1 million from USD 6.3 million a year earlier, while reclamation liabilities totaled about USD 460 million.

Çöpler Proceeds Convert the Balance Sheet Into Net Cash

SSR Mining (NASDAQ:SSRM) submitted its Quarterly Report for the period ended September 30, 2026 on November 3, 2026. The 80% holding in the Çöpler Gold Mine in Türkiye was sold on June 24, 2026, and the 20% stake in Artmin, the owner of the Hod Maden project, changed hands on July 17, 2026. Çöpler generated USD 1.495 billion, and both Assets are presented as discontinued operations. The company finished the quarter with USD 1.55 billion of cash and no current debt, down from USD 229.6 million at December 31, 2025, and total liabilities of USD 1.01 billion. Total assets declined to USD 4.28 billion from USD 6.09 billion as the divested assets left the balance sheet.

Continuing Revenue Rises 16% as Discontinued Losses Weigh on Profit

Third-quarter revenue increased to USD 447.7 million from USD 385.8 million, roughly 16% (own arithmetic). Operating Income slipped to USD 122.1 million from USD 124.9 million as reclamation costs jumped USD 44.8 million (own arithmetic from reported lines). Continuing operations produced USD 94.8 million, or USD 0.46 per diluted share, and the discontinued segment subtracted USD 15.0 million, so Net Income landed at USD 79.9 million. Across nine months, continuing operations earned USD 482.5 million, yet a USD 425.4 million discontinued loss pulled net income down to USD 57.2 million from USD 191.9 million. Four operating mines in the United States, Canada and Argentina generate gold doré as well as copper, silver, lead and zinc concentrates.

Buybacks Outrun Operating Cash Flow as Capital Spending Nearly Doubles

Nine-month operating cash flow totaled USD 456.9 million, below the USD 531.4 million used for buybacks, a shortfall that divestiture proceeds covered in cash terms. Third-quarter Buybacks retired 6.2 million shares at a cost of roughly USD 197 million, excise tax included. The company also paid USD 6.1 million in dividends and USD 87.5 million of contingent consideration. Spending on mineral properties and equipment rose to USD 221.6 million from USD 116.8 million. According to the filing, Earnings hinge on fluctuating metal prices, and USD 77.3 million of contingent consideration liabilities still sit on the balance sheet. Metal prices, reclamation spending and the deployment of cash are the key items to track.

Where Things Stand

The cash pile comes mainly from the Çöpler sale, which brought in USD 1.495 billion, rather than from operations. Out of that cash, SSR Mining (NASDAQ:SSRM) deployed USD 531.4 million on buybacks and USD 87.5 million on contingent payments, and it still closed with USD 1.55 billion in hand and no current debt. Underlying results look steadier, with continuing revenue up about 16% and operating income roughly flat, although reclamation costs are rising and the discontinued loss weighs on nine-month profit. Further buybacks, capital spending at the four remaining mines and metal prices will shape the coming quarters.