SSR Mining (SSRM) Stock Forecast & Price Target

SSR Mining Inc. demonstrates a positive long-term outlook driven by anticipated production increases, particularly with the potential growth from the Cakmaktepe ore, which could boost annual production by 5-10% post-2026. Additionally, the company is set to enhance its output from the Marigold mine, aiming to reach approximately 250,000 ounces by 2026, alongside the expected contributions from the Hod Maden project by 2027. Despite an increase in All-In Sustaining Costs (AISC) to approximately $1,540 per ounce for 2024, ongoing exploration and development efforts signal a robust potential for resource expansion and increased returns until 2042.

SSR Mining Inc has revised its production guidance for 2024, projecting a decline of 10-15% from previous estimates, which is a significant factor contributing to a negative outlook. The company's consolidated net asset value (NAV) has suffered a nearly 50% reduction, primarily due to the lower production forecasts and increased costs at key operations, including the Copler mine, contributing to concerns about their overall financial stability. Furthermore, the updated assessments for both the Seabee and Puna mines highlight a shorter reserve-based mine life and the necessity for more conservative capital allocation, thereby exacerbating concerns about the company’s near-term growth potential and overall valuation.