Ssr Mining Inc. (NASDAQ: SSRM)

Ssr Mining Inc. operates as a precious metals mining company with a global footprint, maintaining assets in the United States, Türkiye, Canada, and Argentina. The company is primarily engaged in the operation, acquisition, exploration, and development of precious metal resource properties, focusing on gold, silver, copper, lead, and zinc. Ssr Mining Inc. produces gold doré, which is unrefined gold bullion bars containing over 90% gold, and copper, silver, lead, and zinc concentrates. The company's operations are diverse, with producing mine sites in each of the countries where it maintains assets.

Ssr Mining Inc. generates revenue through the sale of its primary products, including gold doré and various metal concentrates. The company's gold doré is sold primarily to banks, while its silver, lead, and zinc concentrates are sold to smelters or traders for further refining. The company's revenue is derived from the sale of these products, with gold doré representing a significant portion of its total revenue. For instance, in 2025, sales of gold doré accounted for approximately 71% of total revenue, with notable customers including Canadian Imperial Bank of Commerce, Royal Bank of Canada, and National Bank of Canada. Silver sales represented approximately 24% of revenue, with Trafigura Trading LLC being a key customer.

• Çöpler: Located in Erzincan Province, Türkiye, the Çöpler mine produces gold doré. The mine's operations were suspended in 2024 following a significant incident, and the company is working to remediate the site and obtain regulatory approvals for the restart of operations. The Çöpler mine caters to the Turkish market, with gold doré sold to the Central Bank of Türkiye when operational.

• Marigold: Situated in Nevada, United States, the Marigold mine produces gold doré. This mine is a significant contributor to the company's revenue, accounting for 33% of the total in 2025. The Marigold mine serves the U.S. market, with gold doré sold primarily to banks.

• Crippler Creek & Victor (CC&V): Located in Colorado, United States, the CC&V mine produces gold doré. This mine contributed 28% to the company's revenue in 2025. The CC&V mine caters to the U.S. market, with gold doré sold primarily to banks.

• Seabee: Situated in Saskatchewan, Canada, the Seabee mine produces gold doré. This mine accounted for 11% of the company's revenue in 2025. The Seabee mine serves the Canadian market, with gold doré sold primarily to banks.

• Puna: Located in Jujuy Province, Argentina, the Puna mine produces silver, lead, and zinc concentrates. This mine contributed 28% to the company's revenue in 2025. The Puna mine caters to the Argentine market, with concentrates sold to smelters or traders for further refining.

Ssr Mining Inc. operates in a competitive industry characterized by significant competition for mineral properties, technical experts, labor, and capital. The company faces competition from other mining and exploration companies, many of which have additional financial and technical resources. To maintain its competitive position, Ssr Mining Inc. focuses on acquiring and retaining the necessary technical, financial, and personnel resources. The company's competitive advantages include its diverse portfolio of producing mine sites, its focus on responsible environmental stewardship, and its commitment to community engagement and sustainability.

The company's customer base includes banks, smelters, and traders. Specific customers mentioned in the filing include Canadian Imperial Bank of Commerce, Royal Bank of Canada, National Bank of Canada, and Trafigura Trading LLC. The company's products are sold to these customers for further refining or use in various industries. The market prices of gold and silver are key drivers of the company's profitability, with fluctuations in these prices affecting the company's revenue and financial performance.