SSRM: Guidance production held; rising costs and Puna resequencing lifted expected FY26 AISC ~10% above target

What happened

SSR Mining said third-quarter production remained on track for its fiscal-year guidance. However, all-in sustaining costs, which include ongoing mine upkeep, are trending about 10% above the target’s upper limit amid cost pressure and changes to the Puna mine plan.

Confirmed

Global impact / market context

Production meeting guidance supports expected output, but costs running above target could reduce profit per sale if revenue does not make up the difference. Cost pressure and the Puna mine-plan changes therefore matter to earnings, while continued dividends and buybacks return cash to shareholders.

Analyst inference

The update pairs production staying on plan with expected costs running above target, so cost pressure could reduce profit per sale even without a production shortfall. SSR Mining also reported adjusted net income and cash available, but the article gives no earlier-period or market-expectation comparison.

Analyst inference

What to watch

1. Watch for later production updates against the company’s stated guidance; output falling short could reduce the amount of metal available to sell and lower revenue. Analyst inference
2. Watch for revised cost guidance and explanations of cost pressure; lower costs could protect profit per sale, while further increases could make each sale less profitable. Analyst inference
3. Watch for details on Puna resequencing, meaning changing the order of mine work, and whether those changes affect expected production timing or costs. Analyst inference

Evidence

• Original source link unavailable