0000921638-26-000035
SEC filingSSR Mining Inc. reported strong financial results for fiscal year 2025, with revenue of $1.63 billion and net income attributable to shareholders of $395.8 million. The company generated operating income of $461.4 million, representing a solid operating margin of 28.3%. Key profitability drivers included effective cost management with cost of sales at $653.3 million and disciplined capital allocation. The company maintained a strong balance sheet with total assets of $6.09 billion, including $534.8 million in cash and cash equivalents, and shareholders' equity of $3.51 billion. Operating cash flow was robust at $471.9 million, supporting continued investment in mineral properties and equipment additions of $230.2 million. The company's financial position remains healthy with manageable debt levels and strong liquidity.
SSR Mining Inc. delivered solid financial performance for fiscal year 2025, reporting revenue of $1.63 billion and net income attributable to shareholders of $395.8 million. The company achieved operating income of $461.4 million, reflecting effective operational management. Key financial metrics demonstrate strong profitability with basic and diluted earnings per share both at $2.00. The company maintained a healthy balance sheet with total assets of $6.09 billion and shareholders' equity of $3.51 billion. Cash flow generation was robust, with operating cash flow of $471.9 million supporting strategic investments while maintaining financial flexibility.
Revenue for fiscal year 2025 totaled $1.63 billion. The company's cost of sales was $653.3 million, resulting in gross profit of $976.7 million. Other significant operating expenses included general and administrative expenses of $107.8 million, exploration and evaluation costs of $37.1 million, reclamation and remediation costs of $88.9 million, and care and maintenance expenses of $151.8 million. The company benefited from other operating income of $13.1 million, contributing to the overall operating income of $461.4 million.
The company achieved strong profitability metrics with gross margin of 59.9% and operating margin of 28.3%. Cost management was effective across key expense categories, with no impairment charges recorded for long-lived assets or goodwill during the period. The net income margin attributable to shareholders was 24.3%. Profitability was supported by disciplined expense control and operational efficiency, with depreciation, depletion, and amortization expenses of $116.2 million representing a reasonable level relative to the asset base.
Operating activities generated $471.9 million in cash flow, driven by net income of $362.4 million and adjustments including depreciation of $116.2 million and changes in operating assets and liabilities of $172.7 million. Investing activities used $339.7 million primarily for additions to mineral properties, plant and equipment of $230.2 million and acquisitions of $106.0 million. Financing activities provided $26.2 million. Free cash flow calculated as operating cash flow minus capital expenditures was $132.2 million. The balance sheet shows strong liquidity with current assets of $1.29 billion against current liabilities of $618.4 million, resulting in a current ratio of 2.09.
The financial statements indicate continued investment in the business with $230.2 million in capital expenditures for mineral properties, plant and equipment. The company maintains a solid financial position with $534.8 million in cash and cash equivalents and manageable debt levels. The strong operating cash flow generation of $471.9 million provides capacity for future growth investments while maintaining financial stability. The company's focus on operational efficiency and cost management positions it well for continued performance.