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Silver Standard Resources Inc.

SSRM Basic Materials Gold

Silver Standard Resources Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 63.7% from fiscal 2024.

Revenue
+16.0%
EPS
+23.0%
Free cash flow
−152.3%
Total debt
−80.6%

Quarter to September 2026, against a year earlier

28.10 0.05 −0.18%
Market cap
$5.6B
P/E
22.8×
Fwd P/E
10.1×
Dividend yield
0.11%
F-score
7/9
Altman Z
2.26
Beneish M
−2.23
Dividend safety
70/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2022

  • Çöpler
  • Marigold
  • Seabee
  • Puna

Every year since 2019 →

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.75%

Capital & Financial Ratios $m

Size
Market Cap 5,570.00
Revenue ttm 1,994.96
Net income ttm 227.68
Free cash flow ttm 297.06
Net debt Q (1,621.03)
Valuation
P/E 22.78
Forward P/E 10.10
Price / sales 2.86
Forward P/S Powerpack
Price / FCF 19.20
Price / book 1.74
Financial health
Current ratio Q 7.53 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 1,062.12
Growth
Revenue growth Q +16.02% (above 0%: growing)
Operating income growth Q −2.24% (below 0%: shrinking)
EPS, this year +81.11% (at or above 15%: strong)
EPS, next year A −10.75% (below 0%: weak)
Revenue, next year A −6.29% (below 0%: weak)
EPS, past 5 yrs +16.29% (at or above 15%: strong)
EPS, next 5 yrs A +26.37% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.2×, against a ten-year median of 2.2×; over the ten years it ranged from 0.5× in 2024 to 4.8× in 2020.
P/E against its own 10 years 59.20%
10-year low 10-year high
P/S against its own 10 years 57.13%
10-year low 10-year high
P/B against its own 10 years 89.07%
10-year low 10-year high
EV/Sales against its own 10 years 44.48%
10-year low 10-year high
EV/FCF against its own 10 years 56.50%
10-year low 10-year high

Dividends

Yield
0.11%
Annual rate
0.03
Payout ratio
2.54%
Growth, 2021–25
−100.0%/yr
  1. 0.20 ’21
  2. 0.28 ’22 +40
  3. 0.28 ’23 +0
  4. 0.00 ’24 −100
  5. 0.00 ’25
  6. 0.05 ’26e
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 513 417 576 1,621
Receivables 142 124 137 173
Inventory 515 464 516 575
Other 26 23 35 —
1,196 1,029 1,287 2,417
2023 2024 2025 Q'26
Payables 37 31 41 47
ST’ Debt 1 11 241 —
Other 3 33 121 22
171 219 618 321

Compound Annual Growth %

10y 5y 3y
Sales 15.82% 13.82% 12.39%
Cash Flow 20.34% 8.97% 43.14%
Earnings 0.00% 21.17% 26.80%
Book Value 25.44% 2.32% 1.50%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.58 Actual 0.64

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.59 0.88 Beat by 0.29
Q1 FY26 0.81 1.15 Beat by 0.34
Q2 FY26 0.59 0.66 Beat by 0.07
Q3 FY26 0.58 0.64 Beat by 0.06
Q4 FY26 0.85 — Reports 16 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.52) 0.47 0.39 — —
’25 0.28 0.42 0.31 0.84 1.85
’24 (1.42) 0.05 0.05 0.03 (1.29)
’23 0.14 0.35 0.07 (1.07) (0.48)
’22 0.31 0.27 (0.12) 0.43 0.89
’21 0.55 0.34 0.27 0.57 1.63
’20 0.19 (0.05) 0.19 0.65 0.87
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 582 444 448 — —
’25 317 405 386 522 1,630
’24 230 185 257 323 996
’23 315 301 385 426 1,427
’22 355 320 167 306 1,148
’21 366 377 323 408 1,474
’20 164 92 225 371 853
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 264 100 92 — —
’25 82 158 57 175 472
’24 25 (78) (1) 95 40
’23 3 80 135 203 422
’22 62 33 (52) 118 161
’21 128 136 161 185 609
’20 64 23 44 176 307
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 176 68 (8) — —
’25 38 127 16 62 242
’24 (9) (111) (34) 56 (99)
’23 (56) (98) 208 144 198
’22 28 16 (57) 72 58
’21 72 101 125 149 479
’20 10 (4) 16 458 480
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 4.5% a year for ten years. It grew −7.0% a year over the last ten.

Implied
4.5%
10 years, reported
−7.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 491 449 421 607 853 1,474 1,148 1,427 996 1,630 1,995 +14.3% 1,527 1,575 1,876 +4.8%
Gross margin, % 31.37 25.24 41.73 45.65 47.89 54.46 47.04 43.64 48.37 59.91 62.71 +28.5 pt
EBT 81 75 8 86 202 415 241 (202) (319) 443 682 +20.8%
EBT margin, % 16.49 16.62 1.92 14.19 23.65 28.13 20.98 (14.18) (32.01) 27.19 34.21 +10.7 pt
Net income 65 71 0 56 157 426 210 (120) (353) 362 228 +21.0%
Per share, $
Per share, $ Revenue 4.75 3.75 3.50 4.98 5.64 6.83 5.47 6.97 4.92 8.04 9.83 +6.0%
Earnings 0.63 0.58 0.05 0.47 1.00 1.70 0.92 (0.48) (1.29) 1.95 1.23 +13.4%
Cash flow 1.65 1.21 0.50 1.20 2.03 2.82 0.77 2.06 0.20 2.33 3.11 +3.9%
Capex (0.41) (0.24) (1.32) (1.11) 1.14 (0.60) (0.49) (1.09) (0.69) (1.14) (1.65) +12.0%
Free cash flow 1.24 0.97 (0.82) 0.08 3.18 2.22 0.28 0.97 (0.49) 1.19 1.46 (0.5%)
Book value 8.73 8.56 8.37 9.31 25.45 18.76 19.66 21.03 19.51 21.28 16.12 +10.4%
Shares, m 103 120 120 122 151 216 210 205 202 203 205 +7.8%
Valuation, ×
Valuation, × P/E 16.36 15.15 241.80 40.98 19.26 9.81 17.43 0.00 0.00 11.30 22.78 37.2
P/S 2.00 2.38 3.49 3.86 3.56 2.59 2.96 1.53 1.41 2.73 2.86 2.7
P/B 1.09 1.04 1.44 2.07 0.79 0.94 0.82 0.51 0.36 1.03 1.74 1.0
EV/Sales 1.48 1.63 3.01 3.39 3.04 2.20 2.68 1.39 1.34 2.56 2.19 2.3
EV/FCF 5.65 6.31 560.16 204.37 5.40 7.25 52.59 10.03 (13.49) 17.25 14.73 85.6
Cash, $m
Cash, $m Operating cash flow 171 145 60 146 307 609 161 422 40 472 632 +12.0%
Capex (42) (29) (158) (136) 173 (130) (102) (223) (139) (230) (335) +20.7%
Free cash flow 128 116 (98) 10 480 479 58 198 (99) 242 297 +7.3%
Balance, $m
Balance, $m Working capital 560 728 650 665 1,174 1,316 1,097 1,026 810 669 2,096 +2.0%
Net debt (256) (341) (201) (286) (450) (585) (329) (192) (79) (207) (1,621) (2.3%)
Shareholders’ equity 902 1,024 1,006 1,134 3,847 4,053 4,126 4,304 3,947 4,314 3,270 +19.0%
Returns, %
Returns, % ROA 5.62 4.66 0.42 3.50 4.37 7.09 3.71 (1.84) (4.94) 7.02 4.95 +1.4 pt
ROIC 10.90 9.27 2.32 9.02 3.46 8.01 3.13 (1.98) (5.21) 7.02 25.61 (3.9) pt
ROE 9.63 7.20 0.63 5.36 6.08 9.32 4.75 (2.33) (6.33) 9.58 6.80 (0.1) pt
People
People Employees 1,381 1,133 1,630 1,926 2,345 2,429 2,500 2,500 2,300 2,900 — +8.6%
Revenue/emp, $m 0.36 0.40 0.26 0.32 0.36 0.61 0.46 0.57 0.43 0.56 — +5.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

SSR Mining is a precious-metals mining company. It operates mines and explores for and develops mineral deposits. Its business includes gold operations at Marigold in Nevada, Cripple Creek & Victor, or CC&V, in Colorado, and Seabee in Saskatchewan, Canada. Puna, in Argentina, produces concentrates containing silver, lead and zinc.

The gold mines produce doré: unrefined bullion bars that a third party refines into gold bullion. SSR Mining sells doré from Marigold, CC&V and Seabee primarily to banks. Puna’s concentrates go to smelters or traders, which arrange further refining. The company also produces copper concentrate.

Where the money comes from and where it goes Fiscal 2022

Fiscal 2022: revenue by segment, and margins
Çöpler 355 30.93%
Marigold 349 30.38%
Seabee 245 21.31%
Puna 199 17.37%
Gross margin 47.04%
Operating margin 16.57%
Pre-tax margin 20.98%

Revenue by segment since 2019

Silver Standard Resources Inc. vs peers in Gold (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HMY Harmony Gold Mining Company Limited $10.6B 52.0× 4.8× −3.10% (below 0%: shrinking) n/m +265.24% (above 0%: growing) 26.37% 0.00% Compare
BTG B2Gold Corp $7.0B 8.8× 6.0× +14.03% (above 0%: growing) +158.33% (above 0%: growing) +462.54% (above 0%: growing) 39.06% 66.07% Compare
OR OR Royalties Inc. $6.6B 23.4× 21.9× +62.05% (above 0%: growing) +94.12% (above 0%: growing) +61.89% (above 0%: growing) 84.05% 77.00% Compare
OGC Oceanagold Corp. $6.1B 7.1× — +49.70% (above 0%: growing) +95.30% (above 0%: growing) +8.33% (above 0%: growing) 66.77% 48.52% Compare
AUGO Aura Minerals Inc. $6.0B 20.1× 9.4× +76.42% (above 0%: growing) +2,263.64% (above 0%: growing) +0.29% (above 0%: growing) 56.99% 52.18% Compare
SSRM Silver Standard Resources Inc. $5.6B 22.8× 10.1× +16.02% (above 0%: growing) +23.00% (above 0%: growing) −152.32% (below 0%: shrinking) 58.21% 27.29%
ARIS Aris Mining Corporation $3.2B 11.1× — +62.31% (above 0%: growing) n/m −140.02% (below 0%: shrinking) 58.58% 48.02% Compare
AAUC Allied Gold Corporation $3.0B — (loss-making) 26.0× +45.37% (above 0%: growing) n/m −202.76% (below 0%: shrinking) 46.04% 41.88% Compare
FSM Fortuna Mining Corp. $2.8B 7.7× — +38.19% (above 0%: growing) +108.33% (above 0%: growing) +246.98% (above 0%: growing) 57.62% 49.28% Compare
Median of peers $6.0B 11.1× 9.4× +47.54% +108.33% +35.11% 57.31% 48.90%

All 46 Gold stocks →

From the latest earnings call

Updated

  • CFO Michael Sparks said higher fuel prices and accelerated investment led SSR Mining to expect costs near the upper end of its guidance.
  • Sparks said diesel hedges at Marigold and Cripple Creek & Victor had mitigated price increases, although the company remained exposed on unhedged purchases.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 69.61%
Held by the ten largest 36.01%
Holder Shares Stake Change
BlackRock 13.18m 6.39% +1.78m
VanEck 12.62m 6.11% −1.05m
Vanguard 11.17m 5.41% +1.31m
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 9.07m 4.40% −1.75m
Fidelity (FMR) 6.22m 3.01% +1.47m
Tidal Investments LLC 5.92m 2.87% +1.10m
Arrowstreet Capital 5.80m 2.81% −834.18k
State Street 3.55m 1.72% +270.26k
American Century 3.41m 1.65% −93.47k
Geode Capital Management 3.37m 1.63% +524.53k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 25 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.56m 23.82m 114.41
2024 5.12m 2.49m 36.33
2023 5.29m (149.07k) 56.16
2022 4.61m 787.87k 80.17
2021 5.57m 1.38m 89.08

Ownership

Directors and executive officers, together 0.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Silver Standard Resources Inc. (SSRM) Latest News

4 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · GuruFocus.com

3 Nov

Impact 3 · · MarketBeat transcript
Impact 3 · · Business Wire

21 Oct

Impact 3 · · Zacks

15 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

14 Oct

Impact 4 · · Zacks
Impact 4 · · mining-technology.com

13 Oct

Impact 4 · · The Motley Fool
Impact 4 · · MT Newswires
Impact 4 · · InvestorsHub
Impact 4 · · Business Wire
Impact 4 · · TMX Newsfile
Impact 4 · · Business Wire

6 Oct

Impact 4 · · Zacks

5 Oct

Impact 3 · · Simply Wall St.

2 Oct

Impact 4 · · MarketBeat

28 Sep

Impact 3 · · The Motley Fool

27 Sep

Impact 4 · · Simply Wall St.

23 Sep

Impact 4 · · TMX Newsfile
Impact 3 · · Zacks
Impact 3 · · MT Newswires

17 Sep

Impact 4 ·
Impact 3 · · The Motley Fool

16 Sep

Impact 3 ·
Impact 3 ·

14 Sep

Impact 3 · · InvestorsHub

8 Sep

Impact 4 · · The Motley Fool

SSRM metrics, ten years each

stockrow.com/SSRM · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com