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SSR Mining vs Mesabi Trust: SSRM and MSB compared
SSR Mining is the larger company: $448M of revenue in its latest quarter (Q3 2026) against $2.5M for Mesabi Trust (Q2 FY27). SSR Mining is growing faster (+16% against -56% a year earlier). SSR Mining is more profitable, with an operating margin of 27.3% against -3.8%.
Where the money goes: SSRM and MSB
SSR Mining (SSRM) · Q3 2026
SSR Mining, Q3 2026: revenue $448M (+16% year over year), operating margin 27.3%, net earnings $79.9M, operating cash flow $92.1M. The chart follows the revenue to costs, profit and cash.
Mesabi Trust (MSB) · Q2 FY27
Mesabi Trust, Q2 FY27: revenue $2.5M (-56% year over year), operating margin -3.8%, net loss $95K, operating cash flow $249K. The chart follows the revenue to costs, profit and cash.
| SSR Mining (SSRM) | Mesabi Trust (MSB) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $448M | $2.5M |
| Revenue growth, Y/Y | +16% | -56% |
| Operating margin | 27.3% | -3.8% |
| Net earnings | $79.9M | −$95K |
| Net margin | 17.8% | -3.8% |
| Operating cash flow | $92.1M | $249K |
| Market value | $5.8B | — |
| P/E | 24.1× | — |
| Analysts’ mean target | $41.00 | — |
Where the revenue comes from
SSR Mining
- Gold: $327M (73%)
- Silver: $120M (27%)
Questions
Which is bigger, SSR Mining or Mesabi Trust?
SSR Mining is the larger company: $448M of revenue in its latest quarter (Q3 2026) against $2.5M for Mesabi Trust (Q2 FY27).
Is SSR Mining or Mesabi Trust growing faster?
SSR Mining is growing faster (+16% against -56% a year earlier).
Which is more profitable, SSR Mining or Mesabi Trust?
SSR Mining is more profitable, with an operating margin of 27.3% against -3.8%.
More: SSR Mining earnings · how SSR Mining makes money · Mesabi Trust earnings · how Mesabi Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Sep 11, 2026). Fiscal quarters can end on different dates. Not investment advice.