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SSRI $9.56

SSRI target price
9.56
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SSR Mining Inc.
Type
Public
Traded as TSX: SSRM NASDAQ: SSRM
Industry Mining & Exploration
Founded 1946
Headquarters Vancouver, Canada
Key people
Paul Benson President,CEO
Greg Martin CFO
Alan Pangbourne COO
Products Gold
Silver
Total assets US$1.43 mil (as at March 31, 2013)
Website www.ssrmining.com

SSR Mining Inc., formerly Silver Standard Resources, is a Vancouver-based mining company focused on the operation, development, exploration and acquisition of precious metal projects. It is listed under the ticker symbol SSRM on the NASDAQ Capital Markets and the Toronto Stock Exchange.

SSR Mining is a precious metals producer with three operations, including the Marigold gold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and the 75% owned and operated Puna Operations joint venture in Jujuy Province, Argentina. Puna Operations consists of the Pirquitas operation and the Chinchillas development project.

SSR Mining is equipped with an experienced management team of mine-builders and operators with proven capabilities, and an enviable balance sheet. Additionally, the Company has two feasibility stage projects and a portfolio of exploration properties throughout North and South America. The SSR Mining team is committed to delivering safe production through emphasis on Operational Excellence. The Company is also focused on growing production and Mineral Reserves through the exploration and acquisition of assets for accretive growth, while maintaining financial strength.

Marigold

The Marigold has been in continuous operation since 1988. The mine is located in Humboldt County, Nevada, United States on the Battle Mountain-Eureka trend. SSR Mining completed the acquisition of Marigold on April 4, 2014 and published a technical report in November 2014. Marigold is a large run-of-mine heap leach operation with several open pits, waste rock stockpiles, leach pads, a carbon absorption facility, and a carbon processing and gold refining facility. Currently, the mine utilizes a fleet of 290-tonne haul trucks and three loading units. Based on the Marigold mine five-year outlook announced on September 15, 2016, for the period to 2021, the mine is expected to produce on average approximately 220,000 ounces of gold per year. The gold doré bars produced at the mine are shipped to a third party refinery.

Seabee Gold Operation

The Seabee Gold Operation has been in continuous production since 1991. is located near Laonil Lake, Saskatchewan, Canada approximately 125 kilometers northeast of the town of La Ronge. SSR Mining acquired the Seabee Gold Operation on May 31, 2016 as a result of our acquisition of Claude Resources Inc. The Seabee Gold Operation consists of two underground gold mines, the Santoy mine and the Seabee mine. The Santoy mine has been in continuous commercial production since 2014. Commercial production at the Seabee mine commenced in 1991. Ore from both mines is processed at the Seabee mill facility, which has been in operation since 1991. The Seabee mill facility produces doré bars that are shipped to a third party refinery.

Puna Operations

On May 31, 2017, SSR Mining formed a joint venture with Golden Arrow Resources Corporation for the development of the Chinchillas project. The joint venture, named Puna Operations Inc., consists of SSR Mining’s Pirquitas property and Golden Arrow’s Chinchillas property and is owned on a 75% / 25% basis by each company, respectively. SSR Mining is the joint venture operator.

The Pirquitas operation is located in the Province of Jujuy, northern Argentina. The mine achieved commercial production in 2009. The San Miguel open pit at the Pirquitas operation concluded mining activity in January 2017. In 2017 the operation is scheduled to process stockpiles in a conventional mineral flotation plant. The silver concentrate produced from the plant is shipped to third party smelters.

The Chinchillas project is a silver-lead-zinc deposit, located in the Puna region of northwestern Argentina, in Jujuy Province. Chinchillas is approximately 42 kilometers by road from the Pirquitas property. The 2017 pre-feasibility study on the Chinchillas project evaluates the development and construction of an open-pit mine and supporting infrastructure, which will supply ore to the Pirquitas processing facilities over an eight-year active mining period. Chinchillas will be mined by conventional drill, blast, truck, and loading open pit mining methods. A fleet of 35-tonne road haul trucks will transport ore approximately 42 kilometers to the Pirquitas processing facilities. Over the life of mine, the Pirquitas processing facility is expected to produce a silver-lead concentrate and a zinc concentrate. The two concentrates will be shipped internationally to smelters for processing.

Pitarrilla

The Pitarrilla Project is a 100% owned grassroots discovery made by SSR Mining in 2002, located approximately 160 kilometres north-northwest of the city of Durango within the State of Durango, Mexico. A paved roadway extends to within 47 kilometres of the plant site. Pitarrilla is a silver, lead, and zinc project, which may consist of a large open-pit mainly recovering oxidized ores in the early years of production and then predominantly sulphide ores from the deeper parts of the deposit.

San Luis

San Luis is a 100% owned project by SSR Mining, located in the Ancash Department, central Peru. The San Luis Project is centered on a high-grade, gold-silver vein, the Ayelén Vein, which was discovered in 2005. The Project is approximately 25 kilometers northwest of Barrick Gold Corporation's Pierina gold mine.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-07-13 Downgrade National Bank Financial Outperform to Sector Perform
2016-06-29 Initiated Coverage National Bank Financial Outperform $17.00
2016-06-27 Upgrade CIBC Sector Perform to Sector Outperform
2016-06-15 Downgrade Scotiabank Sector Outperform to Sector Perform
2016-06-09 Reiterated Rating Deutsche Bank Hold $8.00 to $11.50
2016-06-09 Reiterated Rating Deutsche Bank AG Hold $8.00 to $11.50
2016-05-31 Reiterated Rating BMO Capital Markets Hold $10.00
2016-04-12 Boost Price Target RBC Capital $6.00 to $7.50
2016-04-12 Boost Price Target Royal Bank Of Canada $6.00 to $7.50
2016-04-07 Upgrade Scotiabank Sector Perform to Sector Outperform
2015-11-04 Downgrade BMO Capital Markets Outperform to Market Perform
2015-10-15 Boost Price Target Citigroup Inc. Neutral $6.40 to $7.20
2015-10-07 Boost Price Target BMO Capital Markets $8.00 to $9.50
2015-10-06 Reiterated Rating Deutsche Bank Hold
2015-09-15 Reiterated Rating Citigroup Inc. Hold
2015-09-14 Boost Price Target Citigroup Inc. Neutral $5.70 to $6.40
2015-09-01 Lower Price Target Scotiabank $6.50 to $6.40
2015-08-24 Boost Price Target RBC Capital Sector Perform $7.50 to $8.00
2015-08-12 Boost Price Target RBC Capital Sector Perform $7.00 to $7.50
2015-07-02 Reiterated Rating Credit Suisse Neutral $7.75 to $8.50
2015-07-02 Reiterated Rating Credit Suisse Group AG Neutral $7.75 to $8.50
2015-04-13 Lower Price Target Citigroup Inc. Neutral $6.00 to $5.70
2015-02-09 Boost Price Target Citigroup Inc. Neutral $4.90 to $6.00
2014-11-07 Reiterated Rating Citigroup Inc. Neutral $6.25 to $4.90
2014-10-23 Reiterated Rating Citigroup Inc. Neutral $10.00 to $6.25
2014-10-07 Reiterated Cowen Outperform $10.85 to $10.94
2014-10-07 Boost Price Target ING Group Outperform $10.94
2014-10-07 Boost Price Target Cowen and Company Outperform $10.85 to $10.94
2014-08-08 Lower Price Target Cowen and Company $17.38 to $15.21
2014-08-07 Upgrade Scotiabank Underperform to Sector Perform
2014-07-14 Upgrade BMO Capital Markets Market Perform to Outperform $12.50
2014-07-09 Lower Price Target RBC Capital $11.00 to $10.00
2014-06-16 Upgrade Deutsche Bank Sell to Hold $9.00 to $8.00
2014-05-22 Lower Price Target RBC Capital $12.00 to $11.00
2014-05-12 Lower Price Target Cowen and Company $16.21 to $15.51
2014-04-08 Initiated Coverage BMO Capital Markets Market Perform $12.50
2014-04-04 Reiterated Cowen Outperform $13.64 to $16.19
2014-04-04 Boost Price Target Cowen and Company Outperform $13.64 to $16.19
2014-03-18 Boost Price Target CIBC $11.00 to $11.50
2014-03-11 Downgrade Scotiabank Sector Perform to Underperform
2014-02-28 Downgrade Deutsche Bank Hold to Sell $8.00 to $9.00
2014-02-25 Boost Price Target Citigroup Inc. $8.15
2014-02-24 Initiated Coverage Credit Suisse Neutral
2014-02-05 Upgrade
2014-02-05 Upgrade Deutsche Bank Sell to Hold
2013-11-15 Lower Price Target RBC Capital $9.00 to $8.50
2013-10-02 Downgrade Deutsche Bank Hold to Sell $7.00 to $4.50
2011-12-16 Initiated Global Hunter Securities Accumulate $23
2016-07-13 Downgrade National Bank Financial Outperform to Sector Perform
2016-06-29 Initiated Coverage National Bank Financial Outperform $17.00
2016-06-27 Upgrade CIBC Sector Perform to Sector Outperform
2016-06-15 Downgrade Scotiabank Sector Outperform to Sector Perform
2016-06-09 Reiterated Rating Deutsche Bank Hold $8.00 to $11.50

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In SSRI 6 funds of 2213 total. Show all

Fund name Ticker shares
RUSSELL FRANK CO/ 0.82M
ORRELL CAPITAL MANAGEMENT INC 0.11M
Spot Trading L.L.C 63800
KCG Holdings, Inc. 21401
Quadrature Capital LLP 12770
MetLife Securities, Inc 736

Major Shareholders

Name Relationship Total Shares Holding stocks