SSR Mining Inc. (SSRM): A Bull Case Theory

We came crossed a bullish thesis connected SSR Mining Inc. connected Value investing subreddit by Impossible-Road-558. In this article, we volition summarize the bulls’ thesis connected SSRM. SSR Mining Inc.'s stock was trading astatine $23.28 arsenic of November 28th. SSRM’s trailing and guardant P/E were 22.60 and 7.19 respectively according to Yahoo Finance.

Pixabay/Public Domain

SSR Mining Inc., unneurotic with its subsidiaries, engages successful the acquisition, exploration, and improvement of precious metallic assets properties successful the United States, Türkiye, Canada, and Argentina. SSRM is presented arsenic a compelling alternate to holding carnal gold, particularly amid concerns that golden whitethorn beryllium reaching highest sentiment—highlighted humorously by Tucker Carlson’s caller engagement successful the golden business, which the writer views arsenic a contrarian signal.

SSRM’s communicative is driven by a melodramatic but yet opportunistic series of events. The banal traded astir $14 successful 2022 erstwhile a dam collapsed astatine its Turkish mine, led to fatalities, a suspension of operations, and a crisp stock terms decline.

Despite the severity of the incident, the company’s beardown equilibrium expanse and historically coagulated operations suggested the selloff had afloat priced successful the bad news. Instead of exiting, the writer accumulated shares aggressively astatine $4.50 successful August 2024, erstwhile golden was $2,500—positioning up of a almighty tally successful golden prices. As golden surpassed $4,000, SSRM rallied to the mid-$20s, generating a 400% summation connected the 2024 acquisition and roughly 50% on the archetypal 2022 position.

Although partial profit-taking has occurred owed to concerns that golden whitethorn beryllium peaking, the author maintains a involvement to seizure further upside tied to company-specific catalysts. The astir important is the imaginable reopening of the Turkish mine. SSRM has applied for authorities approval, and the asset remains valuable, with important golden resources and already-mined ore awaiting processing.

If operations resume, the banal could benefit from some improved accumulation visibility and the monetization of ore inventory, offering an charismatic risk/reward profile. For investors considering bullion, SSRM represents a leveraged and catalyst-rich alternate with meaningful upside potential.

Previously we covered a bullish thesis connected Harmony Gold Mining Company Limited (HMY) by Intelligent_Okra5374 successful April 2025, which highlighted the company’s beardown operational execution, precocious escaped currency flow, and strategical diversification into copper alongside gold. The banal has appreciated astir 51.69% since our sum arsenic macro tailwinds and fundamentals drove gains. Impossible-Road-558 shares a akin absorption but emphasizes opportunistic accumulation and SSR Mining’s Turkish excavation reopening arsenic cardinal catalysts.