3 Reasons SSR Mining Stock Is Undervalued Right Now

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Gold prices have surged significantly over the past few years, reaching over $5,500 per ounce. This has been a boon for precious metals miners like SSR Mining, which has sharply increased its mineral reserves and expects to increase production by 10% this year. The stock trades at a cheap forward valuation and management recently approved a share buyback program.

Why it matters

Rising gold prices create an opportunity for investors to capitalize by buying shares of gold mining companies like SSR Mining. The company's growing production and reserves, along with its cheap valuation, make it an appealing investment option.

The details

SSR Mining has been steadily increasing its mineral reserves over the past several years, growing 34% since 2020 to 11 million gold equivalent ounces. The company projects a 10% increase in production to 450,000 to 535,000 gold equivalent ounces this year, thanks to robust production across its American-based assets. This growing production should drive substantial cash flow generation. On a valuation basis, SSR Mining looks quite compelling, trading at around 16.1 times last year's earnings and just 6 times forward earnings estimates for 2026. The company also recently signed a $1.5 billion deal to sell its stake in the Çöpler mine, providing a cash windfall that can be used for share buybacks, dividends, or expansion projects.

• Gold prices have nearly tripled over the past three years.
• SSR Mining's mineral reserves have grown 34% since 2020.
• The company expects a 10% increase in production this year.
• SSR Mining signed a $1.5 billion deal to sell its stake in the Çöpler mine in March 2026.
• The company's board approved a $300 million share buyback program in March 2026.

What’s next

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