Friday 6 November 2026 Export SSRM’s income statement to Excel — free account

Silver Standard Resources Inc.

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%

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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 Segments Valuation Filings

Silver Standard Resources Inc. (SSRM) revenue by segment, product and region

Where the money comes from and where it goes

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 product or service $m

Line	FY2022	FY2021	FY2020	FY2019
Gold	946 82.40%	1,241 84.17%	750 87.97%	461 76.03%
Silver	153 13.35%	183 12.44%	92 10.81%	116 19.06%
Lead	38 3.27%	33 2.24%	9 1.03%	20 3.22%
Zinc	11 0.96%	14 0.92%	4 0.50%	10 1.59%
Other	0 0.01%	3 0.23%	(3) (0.32%)	1 0.11%
Revenue	1,148	1,474	853	607

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Marigold	541 33.72%	409 41.44%	538 38.03%	349 30.38%	426 28.92%	410 48.04%	315 51.98%
Puna	459 28.66%	331 33.49%	282 19.92%	199 17.37%	226 15.33%	103 12.02%	145 23.96%
CC&V	450 28.10%	—	—	—	—	—	—
Seabee	179 11.17%	192 19.43%	164 11.61%	245 21.31%	214 14.51%	135 15.85%	146 24.07%
Çöpler	0 0.00%	64 6.51%	442 31.26%	355 30.93%	608 41.24%	206 24.09%	—
Exploration, Evaluation and Development Properties	—	—	—	—	—	0 0.00%	0 0.00%
Eliminations	(26) (1.65%)	(9) (0.87%)	(12) (0.81%)	—	—	—	—
Revenue	1,603	987	1,415	1,148	1,474	853	607

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
CC&V	‡	‡	‡	‡	‡	‡	‡
Puna	‡	‡	‡	‡	‡	‡	‡
Marigold	‡	‡	‡	‡	‡	‡	‡
Seabee	‡	‡	‡	‡	‡	‡	‡
Çöpler	‡	‡	‡	‡	‡	‡	‡
Exploration, Evaluation and Development Properties	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2022	FY2021	FY2020	FY2019
Türkiye	355 30.93%	608 41.24%	206 24.09%	0 0.00%
United States	349 30.38%	426 28.92%	410 48.04%	315 51.98%
Canada	245 21.31%	214 14.51%	135 15.85%	146 24.07%
Argentina	199 17.37%	226 15.33%	103 12.02%	145 23.96%
Revenue	1,148	1,474	853	607

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
AISC per gold equivalent ounce sold	Q3 FY2026	$2,527.00	$2,359.00	+7.12%
Average realized gold price	Q3 FY2026	$4,247.00	$3,503.00	+21.24%
Average realized silver price	Q3 FY2026	$58.39	$41.92	+39.29%
Cash cost per gold equivalent ounce sold	Q3 FY2026	$1,647.00	$1,449.00	+13.66%
Cost of sales per gold equivalent ounce sold	Q3 FY2026	$1,755.00	$1,585.00	+10.73%
Gold equivalent produced	Q3 FY2026	103.6K	102.7K	+0.89%
Gold equivalent sold	Q3 FY2026	106.6K	104.5K	+1.97%
Gold produced	Q3 FY2026	76.7K	75.2K	+1.91%
Gold sold	Q3 FY2026	76.9K	74.3K	+3.57%
Lead produced	Q3 FY2026	8.1M	11.2M	−27.51%
Lead sold	Q3 FY2026	8.7M	13.1M	−33.57%
Marigold gold produced	Q3 FY2026	29.1K	36.3K	−19.68%
Marigold gold sold	Q3 FY2026	29.7K	37.3K	−20.34%
Marigold ore mined	Q3 FY2026	3.6M	3.4M	+6.66%
Marigold total material mined	Q2 FY2026	21.4M	24.3M	−12.20%
Marigold waste removed	Q3 FY2026	18.1M	—	—
Silver produced	Q3 FY2026	1.7M	2.4M	−29.56%
Silver sold	Q3 FY2026	1.9M	2.7M	−29.62%
Zinc produced	Q3 FY2026	1.1M	1.1M	−2.90%
Zinc sold	Q3 FY2026	754.0K	954.0K	−20.96%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
AISC per gold equivalent ounce sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average realized gold price	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average realized silver price	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Cash cost per gold equivalent ounce sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Cost of sales per gold equivalent ounce sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gold equivalent produced	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gold equivalent sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gold produced	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gold sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Lead produced	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Lead sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Marigold gold produced	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Marigold gold sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Marigold ore mined	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Marigold total material mined	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Marigold waste removed	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Silver produced	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Silver sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Zinc produced	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Zinc sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.