Gold Mining Company Releases $300 Million Buyback, Drops 5% Today

SSR Mining Inc. (Nasdaq: SSRM) closed at $23.20 on the 19th, down 5.39%, wiping out roughly $240 million in market value in a single day and leaving its total market capitalization at about $4.7 billion.

In a February 17 release, the company reported its 2025 results and 2026 guidance, forecasting annual production of 447,000 ounces, net income of $396 million, and approving a share repurchase program of up to $300 million. The Copler gold mine in Turkey remains suspended following a February 2024 landslide, and management says it still cannot predict when operations will resume.

Headquartered in Denver, Colorado, SSR Mining is a gold and silver producer operating the Marigold and CC&V mines in the U.S., the Seabee mine in Canada, and the Puna mine in Argentina. After the collapse of a settling pond at the Copler mine in February 2024, which claimed nine lives, the company has invested more than $149 million in rehabilitation and restoration efforts, exposing it to ongoing environmental and regulatory risks.