SSR Mining Inc

Wheaton Precious Metals Corp. reported record revenues of $1.8 billion for the first half of 2026, an 88% year-over-year surge driven by a higher average realized gold equivalent price and higher production levels. First-half 2026 gold equivalent production was 414,755 ounces, up 13.8% year over year, lifted by the acquisition of the precious metals purchase agreement with BHP Group Limited. The company reaffirmed its 2026 attributable production guidance of 860,000-940,000 GEOs, weighted to the second half, a rise of 30% at the midpoint from 2025's production of 692,000 ounces, and continues to expect production of 1.2 million GEOs by 2030, averaging around that level through 2035. The BHP Group Antamina precious metals purchase agreement became effective April 1, 2026, lifting Wheaton's attributable silver to 67.5% and adding another 33.75% of payable silver until delivery thresholds step down; Antamina produced 2.3 million attributable silver ounces in the second quarter, up 56% year over year. Among peers, SSR Mining Inc. reported first-half 2026 revenues of $1.03 billion, up 42% year over year, on 211,873 gold equivalent ounces, and AngloGold Ashanti plc posted gold revenues of $6.3 billion, up 43.8%, as its gold production dipped 4% year over year.

SSR Mining reported a higher second-quarter profit, with net income reaching $97.29 million, or $0.47 per share, compared with $90.07 million, or $0.42 per share, in the same period last year. Excluding items, adjusted earnings came to $137.01 million, or $0.66 per share. Revenue rose 9.5% to $443.79 million from $405.45 million a year earlier.

Canadian stocks may open higher on Tuesday, driven by strong precious metals prices that are expected to trigger buying in the materials sector. The nation's trade surplus widened to C$3.86 billion in June, the largest in over four years, as exports rose 0.4% to a record C$77.5 billion and imports edged up 0.2% to a record C$73.6 billion. The S&P Global Manufacturing PMI for Canada is due at 9:30 AM ET, while earnings are expected from Suncor Energy, Industrial Alliance, Ssr Mining, EQB, and Boralex. On Friday, the benchmark S&P/TSX Composite Index fell 279.70 points, or 0.79%, to settle at 35,226.14, with the market closed Monday for Civic Holiday.

SSR Mining has completed the sale of its 20% stake in the Hod Maden development project in Turkey, converting the equity interest into a 4.0% net smelter return royalty on the entire project. Royal Gold holds a call right to buy half of that royalty, 2.0%, for $160 million, exercisable up to 12 months after Hod Maden reaches commercial production, along with a consent right over any royalty sale before January 1, 2028, and a right of first refusal on future sales. The closing, alongside the earlier divestment of the Copler mine in Turkey, completes SSR's shift to focus on the Americas. The new royalty joins a portfolio that already includes interests in the San Luis, Pitarrilla, Rowan, and Sunrise Lake projects. SSR expects to produce 450,000 to 535,000 gold equivalent ounces in 2026.

SSR Mining has finalized the sale of its 80% ownership stake in the Çöpler mine and associated properties in Türkiye to Cengiz Holding and its affiliates. The transaction closed on June 24, yielding approximately $1.49 billion in cash consideration after working capital adjustments. The divestiture marks SSR Mining's full exit from the Çöpler site, allowing the company to concentrate on its remaining assets in the USA, Canada, and Argentina.

SSR Mining has published its 2025 Sustainability Report, detailing performance across health and safety, environment, communities, and diversity. The company reused or recycled approximately 92% of water across its operating mine sites, led by strong performance from the Marigold and Cripple Creek & Victor operations in the USA. It invested over $1.6 million in strategic community-specific initiatives, a more than 55% increase over 2024, and its Community Development Committees became fully operational with greater emphasis on funding longer-term, sustainable initiatives. SSR Mining advanced an improved safety management system and reported no workplace fatalities or life-altering injuries in 2025. The report covers the period from January 1 to December 31, 2025, across the corporate office and four operating mines, and was prepared with reference to GRI and SASB standards.

SSR Mining shares jumped 5.4% on Wednesday, extending a one-week gain of 36%, after the gold miner announced a $500 million stock buyback and the reinstatement of its quarterly dividend. The company ended the first quarter with $600 million in cash and $211 million in free cash flow, and it has a firm deal to sell its Copler mine in Turkey for $1.5 billion before the end of the third quarter. The dividend, set at $0.03 per share each quarter, had been suspended after a fatal accident at Copler in 2024. Gold prices also provided a tailwind, bouncing back above $4,300 per ounce after nearly hitting $4,000 on June 10.