SSR Mining has outlined a 20-year operating plan for its Marigold Gold Complex in Nevada, which incorporates the Buffalo Valley project and extends the complex's production schedule over multiple decades. Management has also moved to acquire Roxmore Resources, adding the Converse gold project in Nevada to the company's pipeline. SSR Mining operates across the United States, Türkiye, Canada and Argentina, so these Nevada projects fit within an existing multi-country production base. The article notes that long, capital-intensive development timelines for Buffalo Valley and Converse add risk, and that integration, permitting, build execution and Çöpler remediation are key factors for costs and cash flow.
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- Is SSR Mining (TSX:SSRM) Undervalued On Its New Marigold Mine Plan?
SSR Mining released a Technical Report Summary for its Marigold Gold Complex in Nevada, outlining a 20-year production blueprint and long-term mining schedule. The article notes the planned acquisition of Roxmore Resources and an expanded life-of-mine plan at Marigold, while the shares fell 7.21% in one day after a pullback over the past month. Despite this, returns remain strong, with 20.08% over 90 days, 47.65% year to date and a 3-year total shareholder return of 129.43%. The most-followed narrative on the platform puts fair value at CA$59.13 against a last close of CA$43.66, implying about 26% undervaluation under its assumptions. The article flags risks including uncertainty over the Çöpler restart and relatively high all-in sustaining costs at Seabee and Marigold.
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SSR Mining (SSRM) shares were down 8.1% as of 1:53 p.m. ET after UBS kept its buy rating but lowered its price target to $39 from $41. The new target implies 17.8% upside from the $33.10 close the previous day. The company runs a diversified portfolio of gold and silver assets and projects 2026 gold production of 355,000 to 420,000 ounces and silver production of 6.25 million to 7 million ounces. The article notes SSR Mining trades at 8.5 times operating cash flow, above its five-year average of 5.9, so investors should not rush to buy just because the stock has dropped.
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