SSR Mining Caps 2025 with Record Profits Amid Precious Metals Boom

Canadian mining company capitalizes on surging gold and silver prices to offset issues at key Turkish mine

Published on Feb. 23, 2026

Got story updates? Submit your updates here. ›

SSR Mining, a Canadian mining company with operations across North and South America as well as Turkey, posted its best financial results in years in 2025 thanks to skyrocketing gold and silver prices. Despite challenges at its Çöpler mine in Turkey, the company saw a 63.7% jump in revenue to $1.63 billion and flipped a $261.3 million loss in 2024 into a $395.8 million net profit for the year.

Why it matters

The precious metals boom in 2025 highlighted the importance of gold and silver production to the Canadian mining industry, with gold becoming the country's most valuable mined commodity. SSR Mining's ability to capitalize on these high prices and offset issues at one of its key mines demonstrates the company's operational agility and the potential upside for mining firms when commodity markets are favorable.

The details

SSR Mining, which focuses on acquiring and developing precious metal properties, saw its gold production climb 21.1% to 333,078 ounces in 2025. This, combined with gold prices averaging over $4,100 per ounce, allowed the company to generate $1.63 billion in revenue, a 63.7% increase from 2024. The company's new Cripple Creek & Victor mine in Colorado also contributed 125,000 gold ounces and $200 million in cash flow. However, the company's Çöpler mine in Turkey remained offline, costing $20-25 million per quarter.

  • In Q4 2025, SSR Mining was selling gold at an average of $4,142 per ounce.
  • For the full year 2025, SSR Mining produced 447,207 gold equivalent ounces, a 12.0% increase from 2024.

The players

SSR Mining Inc.

A Canadian mining company that focuses on acquiring and developing precious metal properties to produce gold, copper, silver, lead, and zinc concentrates. The company operates across the US, Turkey, Canada, and Argentina.

Got photos? Submit your photos here. ›

What’s next

If gold and silver prices decline, SSR Mining's high operating costs across its mines could strain the company's finances, potentially requiring new funding sources or leading to a cash crunch.

The takeaway

SSR Mining's ability to capitalize on the precious metals boom in 2025 and flip a loss into record profits demonstrates the upside potential for mining firms when commodity markets are favorable. However, the company's reliance on high gold and silver prices also exposes it to risks if those markets cool down.