SSR Mining's Hod Maden Project Shows Strong Financial Metrics in New TRS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10h ago
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Source: Newsfilter
- Project Economics: The Hod Maden project boasts an estimated after-tax NPV5% of $1.66 billion and a projected IRR of 39%, indicating its position as one of the highest returning undeveloped copper-gold projects globally.
- Cash Flow Expectations: At consensus metals prices, Hod Maden is expected to generate annual operating cash flow of $343 million and free cash flow of $328 million, enhancing SSR Mining's financial stability and investment appeal.
- Capital Expenditure Plans: The total remaining project development capital spend is estimated at $910 million, with SSR Mining's attributable investment expected to be approximately $469 million, ensuring adequate funding and sustainable growth for the project.
- Risk Mitigation Measures: Significant engineering work completed over the past 18 months has meaningfully de-risked project execution, with detailed engineering nearing completion and most major contracts tendered or in place, ensuring the project progresses as planned.
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Analyst Views on SSRM
Wall Street analysts forecast SSRM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SSRM is 25.07 USD with a low forecast of 18.70 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
3 Buy
3 Hold
1 Sell
Moderate Buy
Current: 28.160
Low
18.70
Averages
25.07
High
29.00
Current: 28.160
Low
18.70
Averages
25.07
High
29.00
About SSRM
SSR Mining Inc. and its subsidiaries is a precious metals mining company with four assets located in the United States, Turkiye, Canada and Argentina. The Company is primarily engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Turkiye and the Americas. The Company produces gold dore as well as copper, silver, lead and zinc concentrates. Its operations consist of four mine sites-Copler, located in Erzincan Province, Turkiye (Copler), Marigold, located in Nevada, United States (Marigold), Seabee, located in Saskatchewan, Canada (Seabee), and Puna, located in Jujuy Province, Argentina. The Company also participates in exploration and development activities at properties located in the United States, Argentina, Canada and Turkiye. The Copler Property is comprised of the Copler Mine, Greater Cakmaktepe Mine, and associated processing facilities. The Company also owns Cripple Creek & Victor gold mine.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SSR Mining's Hod Maden Project Shows Strong Financial Metrics in New TRS
- Project Economics: The Hod Maden project boasts an estimated after-tax NPV5% of $1.66 billion and a projected IRR of 39%, indicating its position as one of the highest returning undeveloped copper-gold projects globally.
- Cash Flow Expectations: At consensus metals prices, Hod Maden is expected to generate annual operating cash flow of $343 million and free cash flow of $328 million, enhancing SSR Mining's financial stability and investment appeal.
- Capital Expenditure Plans: The total remaining project development capital spend is estimated at $910 million, with SSR Mining's attributable investment expected to be approximately $469 million, ensuring adequate funding and sustainable growth for the project.
- Risk Mitigation Measures: Significant engineering work completed over the past 18 months has meaningfully de-risked project execution, with detailed engineering nearing completion and most major contracts tendered or in place, ensuring the project progresses as planned.
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SSR Mining Completes Technical Report for Hod Maden Project
- Project Economics: The 2025 Hod Maden Technical Report indicates an expected annual free cash flow of $328 million from 2028 to 2037, with SSR Mining set to receive $131 million based on a 40% ownership stake, highlighting the project's strong profitability and investment appeal.
- Capital Investment Plan: SSR Mining anticipates a remaining investment of approximately $469 million in the Hod Maden project, including $364 million for development capital costs and $105 million in milestone payments, demonstrating the company's long-term commitment and confidence in the project.
- Resource Reserves and Production Capacity: The Hod Maden project is projected to have an annual ore production capacity of 800,000 tonnes, with gold grades averaging 7.6 g/t and copper grades at 1.3%, providing a stable supply of raw materials and enhancing market competitiveness.
- Technical Advancements and Risk Management: The 2025 Technical Report reveals significant risk management and technical optimizations undertaken by SSR Mining over the past two years, with an expected internal rate of return nearing 40%, laying a solid foundation for future investment decisions.
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