SSR Mining (SSRM) Hits 15-Year High as Earnings Impress

We recently published 10 Firms Outperform Wall Street With Surprising Gains. SSR Mining Inc. (NASDAQ:SSRM) was one of the best performers on Thursday.

SSR Mining rallied for a second day on Thursday to hit a nearly 15-year high as investors took heart from a stellar earnings performance last year, supported by the early redemption of its senior convertible notes due 2039.

At intra-day trading, the stock jumped to its highest price of $29.68 before trimming a few cents to finish the session just up by 9.48 percent at $29.11 apiece.

In an updated report, SSR Mining Inc. (NASDAQ:SSRM) said that it swung to a net income attributable to shareholders of $395.7 million last year from a $261 million net loss in 2024. Revenues soared by 64 percent to $1.6 billion from $995.6 million year-on-year.

In terms of production, SSR Mining Inc. (NASDAQ:SSRM) registered 447,207 gold equivalent ounces, falling within its target of 410,000 to 480,000.

In the fourth quarter alone, attributable net income skyrocketed by 3,200 percent to $181 million from $5.5 million, while revenues climbed by 61 percent to $521.7 million from $323.2 million. Total production was at 120,267 gold equivalent ounces.

For this year, the company is targeting to produce 450,000 to 535,000 ounces of gold equivalent.

In other news, SSR Mining Inc. (NASDAQ:SSRM) announced that it would redeem its $230 million convertible senior notes by 5 PM EST on March 19, 2026.

Noteholders who will opt to convert their notes into shares will receive 56.7931 common shares for every $1,000 notes.

A total of 13 million shares will be issued in case all noteholders choose to convert their notes into shares.

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Disclosure: None. This article is originally published at Insider Monkey.