SSR Mining [SSRM 8.07%] was taking a hit today. Down eight and a half percent by late morning. A drop like that gets your attention, unless you’ve seen it all before. And I have. It wasn’t some hidden scandal, no whisper of trouble in the boardrooms. Just the cold, hard logic of metal.
They dig up gold, silver, copper, the usual suspects. When gold gets happy, so does SSR. When it frowns, well, you see the result. Today, gold was feeling particularly glum. Sliding back from a brief flirtation with all-time highs. A pretty penny lost, a lot of hope deferred. The market doesn’t care about hope.
The Shine Wears Thin
Gold peaked at $5,419.80 a few weeks back. A high-water mark. Then it started to leak away, heading for the $4,500 level. Bounced a little, of course. Gold always bounces. But the bounce wasn’t strong enough. Now it’s sitting at $4,871. A respectable number, but a long way from the peak. The air’s gone out of it.
Silver wasn’t helping matters. It topped out at $116.58. A flash in the pan. Fell to $66, tried a rally, stalled around $80. That $80 mark seemed to be a psychological barrier. It couldn’t break through. Now it’s at $72.95. A dull ache, not a bright gleam. Silver’s a fickle mistress.
A Gamble Worth Taking?
The question is, can SSR Mining claw its way back? We’ll have a better answer this afternoon, after the closing bell. They’re due to report Q4 earnings. Numbers tell a story, even if it’s a sad one.
Analysts are whispering about $0.57 a share for the quarter, $1.72 for the year. The stock’s already dipped below $26. If they hit those numbers, it’s trading at 15 times earnings. Not bad. Not bad at all. Especially when you hear the chatter about profits doubling over the next five years. It’s a long shot, sure. But in this business, you learn to bet on long shots. Sometimes, you even win. It’s a nickel and a prayer, but that’s all any of us have.
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2026-02-17 19:04