Filing Flows › SSR Mining (SSRM) › Q1 2025
SSR Mining (SSRM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
SSR Mining (SSRM) reported revenue of $317M for the first quarter 2025 (Q1 2025), +38% from a year earlier and -2% from the quarter before. Operating margin was 21.1%, net earnings $58.8M (18.6% of revenue).
SSR Mining, Q1 2025: revenue $317M (+38% year over year), operating margin 21.1%, net earnings $58.8M, operating cash flow $82.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $317M | -2% | +38% |
| Operating profit | $66.9M | +95% | — |
| Net earnings | $58.8M | +958% | — |
| Operating cash flow | $82.3M | -13% | +234% |
| Free cash flow | $37.5M | -29% | — |
What changed
Revenue was $316.6M in Q1 2025, up 38% year over year and down 2% from the previous quarter. Gold was the largest line at 72% of revenue. Gold added $44.1M year over year (up 24%), 51% of the total change. Zinc declined 36%.
Operating profit was $66.9M, a 21.1% margin (up 184.6 points year over year). Total costs fell 59% while revenue rose 38%. The fastest-growing cost line was General & admin (+86%). Net earnings were $58.8M ($54.4M including minority interests, which bore $4.3M of losses). The effective tax rate was 14.4%.
Operating cash flow was $82.3M (up 234% year over year), 151% of net income including minority interests. Non-cash charges added back $30.6M of depreciation and amortization and $9.9M of share-based compensation. Working capital and other items used $12.6M. Capital expenditures of $44.8M left free cash flow of $37.5M.
Questions
What was SSR Mining's revenue in the first quarter 2025?
SSR Mining (SSRM) reported revenue of $317M for the first quarter 2025 (Q1 2025), +38% from a year earlier and -2% from the quarter before.
Was SSR Mining profitable in the first quarter 2025?
Operating profit was $66.9M (21.1% of revenue) and net earnings $58.8M.
Source: SSR Mining 10-Q on SEC EDGAR.