SSR Mining Inc. (SSRM): History, Ownership, Mission, How It Works & Makes Money

Ever wonder how a mining company navigates the complex world of precious metals? Let's explore SSR Mining Inc. (SSRM), a company with assets in the USA, Turkey, Canada, and Argentina, and a market capitalization of $2.16 billion as of today. But how does this company, producing 399,267 gold equivalent ounces in 2024, actually work and generate revenue? Keep reading to find out!

SSR Mining Inc. (SSRM) History

SSR Mining Inc. Founding Timeline

Year established

SSR Mining Inc. was initially established in 1985 under the name 'Silver Standard Resources Inc.'

Original location

The company was originally based in Vancouver, British Columbia, Canada.

Founding team members

While specific names of the original founding team members are not widely publicized, the company's early leadership focused on silver exploration and development.

Initial capital/funding

Details on the exact initial capital are not readily available, but as a junior mining company, early funding likely came from private placements and initial public offerings to fund exploration projects.

SSR Mining Inc. Evolution Milestones

SSR Mining Inc. Transformative Moments

• Diversification into Gold: SSR Mining's strategic shift from primarily silver to gold production through key acquisitions like the Marigold Mine and Seabee Gold Operation marked a transformative period, enhancing revenue streams and reducing dependence on silver price volatility.
• Geographic Expansion: The merger with Alacer Gold in 2021, incorporating the Çöpler Mine in Turkey, represented a pivotal moment by expanding the company's operational footprint and significantly boosting its production capacity.
• Operational Optimization: Continuous improvements in operational efficiency across its mines, including the implementation of advanced technologies and sustainable mining practices, have been crucial in enhancing profitability and ensuring long-term viability.

These strategic decisions and operational achievements have shaped SSR Mining Inc. into a diversified precious metals producer with a global presence. Find out more about the company's financial standing at: Breaking Down SSR Mining Inc. (SSRM) Financial Health: Key Insights for Investors

SSR Mining Inc. (SSRM) Ownership Structure

Understanding ownership structure is crucial for investors seeking insights into its governance and strategic direction. The following sections break down the company's status, ownership distribution, and key leadership figures as of April 2025.

SSR Mining Inc. Current Status

SSR Mining Inc. is a publicly traded company, meaning its shares are available for purchase on stock exchanges by the general public. This allows a wide range of investors to own a portion of the company. SSR Mining is traded on the NASDAQ under the ticker symbol SSRM and on the Toronto Stock Exchange (TSX) also under the ticker symbol SSRM.

SSR Mining Inc. Ownership Breakdown

The ownership of SSR Mining Inc. is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table provides an overview of the ownership breakdown:

SSR Mining Inc. Leadership

The leadership team plays a vital role in guiding the strategic direction and operational performance of SSR Mining Inc. Here are some of the key leaders:

• Alan N. Pangbourne: President and Chief Executive Officer
• Alison Dwoskin: Executive Vice President and Chief Financial Officer
• Stewart Beckman: Chief Operating Officer
• Michael McDonald: Senior Vice President, General Counsel and Corporate Secretary

These individuals, along with other members of the executive team and board of directors, are responsible for making key decisions that impact the company's performance and shareholder value.

For more detailed insights into SSR Mining Inc.'s financial performance, consider exploring: Breaking Down SSR Mining Inc. (SSRM) Financial Health: Key Insights for Investors

SSR Mining Inc. (SSRM) Mission and Values

SSR Mining Inc. aims to deliver superior value to its shareholders through the operation of high-quality assets and a focus on sustainable and responsible mining practices. The company's core values emphasize safety, integrity, respect, and excellence in all its activities.

SSR Mining Inc.'s Core Purpose

Official mission statement

SSR Mining Inc. does not have a singular, official mission statement publicly available. However, information regarding their approach can be gathered from their core values and strategic objectives. Their focus is on:

• Operating high-quality, long-life assets.
• Delivering tangible benefits to all stakeholders.
• Maintaining a commitment to responsible and sustainable mining practices.

Vision statement

SSR Mining Inc.'s vision is to be a leading, sustainable precious metals producer. This involves:

• Growing production through exploration and strategic acquisitions.
• Maintaining a strong balance sheet and financial flexibility.
• Prioritizing the health and safety of employees and communities.
• Minimizing environmental impact through responsible practices.

Company slogan/tagline

SSR Mining Inc. does not have a widely publicized official slogan or tagline. However, their communications and reports emphasize themes such as:

• Sustainable Mining
• Responsible Operations
• Creating Value

For more in-depth information, you can explore: Mission Statement, Vision, & Core Values of SSR Mining Inc. (SSRM).

SSR Mining Inc. (SSRM) How It Works

SSR Mining Inc. operates by acquiring, exploring, developing, and operating precious metal projects, focusing primarily on gold and silver. The company generates revenue through the sale of these metals, managing operations across several global sites.

SSR Mining Inc.'s Product/Service Portfolio

SSR Mining Inc.'s Operational Framework

SSR Mining employs a comprehensive operational framework to maximize efficiency and profitability across its mining projects:

• Exploration and Development: SSR Mining focuses on identifying and developing economically viable precious metal deposits. This involves extensive geological surveys, drilling programs, and feasibility studies to assess the potential of new and existing sites.
• Mining Operations: The company utilizes both open-pit and underground mining methods, depending on the geological characteristics of the ore bodies. They emphasize safe and environmentally responsible mining practices.
• Processing: Extracted ore undergoes crushing, grinding, and metallurgical processing to separate the precious metals from the waste rock. Techniques such as leaching, flotation, and smelting are employed to maximize metal recovery.
• Sales and Marketing: SSR Mining sells its gold and silver products to a diverse customer base, including industrial users, financial institutions, and precious metal traders. The company focuses on building long-term relationships and securing favorable pricing terms.

SSR Mining Inc.'s Strategic Advantages

SSR Mining's success in the precious metals market is underpinned by several strategic advantages:

• Diversified Asset Base: SSR Mining operates multiple mines across different geographical locations, reducing its exposure to political and operational risks. For example, their key assets include the Marigold mine in Nevada, and the Çöpler mine in Turkey.
• Operational Expertise: The company has a proven track record of successfully developing and operating complex mining projects. Their experienced management team and skilled workforce enable them to optimize production, control costs, and maintain high safety standards.
• Financial Strength: SSR Mining maintains a strong balance sheet and generates significant cash flow from its operations. This financial flexibility allows them to invest in growth opportunities, return capital to shareholders, and weather periods of market volatility. As of the 2024 fiscal year, SSR Mining reported revenue of $1.5 billion and a net income of $200 million.
• Innovation and Technology: SSR Mining embraces innovation and invests in advanced technologies to improve efficiency, reduce costs, and enhance environmental performance. They utilize data analytics, automation, and remote sensing to optimize mining operations and improve decision-making.

To gain more insights into the investor profile of SSR Mining Inc., check out this resource: Exploring SSR Mining Inc. (SSRM) Investor Profile: Who’s Buying and Why?

SSR Mining Inc. (SSRM) How It Makes Money

SSR Mining Inc. primarily generates revenue through the production and sale of precious metals, especially gold, silver, and to a lesser extent, base metals from its mining operations.

SSR Mining Inc.'s Revenue Breakdown

The revenue streams and their respective contributions to SSR Mining's total revenue can fluctuate based on production volumes, metal prices, and operational efficiencies at their various mining sites.

SSR Mining Inc.'s Business Economics

SSR Mining's profitability is significantly influenced by the market prices of gold and silver. Higher prices directly boost revenue. The company focuses on:

• Operational Efficiency: Improving mining processes to reduce costs per ounce of gold or silver produced.
• Cost Management: Controlling operational and administrative expenses to maintain healthy profit margins.
• Exploration and Expansion: Investing in exploration to discover new deposits and expand existing mines, ensuring long-term production capabilities.
• Hedging Strategies: Using financial instruments to hedge against price volatility, providing more predictable revenue streams.

SSR Mining Inc.'s Financial Performance

Key indicators of SSR Mining's financial health include:

• Revenue: Driven by gold and silver sales, influenced by production volume and metal prices.
• Net Income: Reflects overall profitability after accounting for all expenses, including production costs, depreciation, and taxes.
• Cash Flow: Indicates the company's ability to generate cash from operations, crucial for funding investments and dividends.
• Operating Costs: Includes mining, processing, and administrative expenses. Lower costs per ounce enhance profitability.
• Reserves and Resources: The quantity and quality of proven and probable reserves, as well as measured, indicated, and inferred resources, are vital for assessing long-term sustainability.

To gain more insight into SSR Mining Inc. and its investors, check out: Exploring SSR Mining Inc. (SSRM) Investor Profile: Who’s Buying and Why?

SSR Mining Inc. (SSRM) Market Position & Future Outlook

As of April 2025, SSR Mining Inc. is strategically positioned within the precious metals mining sector, focusing on gold and silver production. The company's future outlook is shaped by its operational performance, development projects, and exploration activities aimed at expanding reserves and extending mine life. For more insights, check out: Exploring SSR Mining Inc. (SSRM) Investor Profile: Who’s Buying and Why?

Competitive Landscape

Opportunities & Challenges

Industry Position

SSR Mining's position in the mining industry can be further clarified by the following points:

• The company focuses on gold and silver, with a diversified portfolio of mines located in politically stable jurisdictions.
• SSR Mining emphasizes sustainable mining practices and responsible environmental stewardship.
• The company’s financial strategy focuses on maintaining a strong balance sheet and returning capital to shareholders through dividends and share repurchases.