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Is SSRM's US Platform Set to Gain From Roxmore Acquisition?
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Key Takeaways
SSR Mining's Roxmore acquisition adds the Converse Gold Project, located six kilometers from Marigold.
Converse could produce 150,000-170,000 ounces of gold annually, with initial production expected by 2033.
SSRM targets 350,000-400,000 ounces of annual U.S. production through 2042, with above $200M in synergies.
SSR Mining Inc. (SSRM - Free Report) inked a definitive agreement to acquire Roxmore Resources Inc., including the Converse Gold Project located six kilometers west of SSRM’s Marigold Complex. The acquisition provides a strategic opportunity to add a high-quality multi-million-ounce gold resource next to the company’s already attractive Marigold mine.
SSR Mining expects initial production at Converse by 2033 with an estimated mine life exceeding 10 years. The project could add 150,000-170,000 ounces of gold production annually. Once Converse becomes operational, SSRM expects its U.S. platform to produce an average of 350,000-400,000 ounces annually from 2033 to 2042. During peak years, production from the U.S. operations has the potential to reach 450,000 ounces.
SSRM remains the third-largest U.S. gold producer, driven by Marigold in Nevada and CC&V in Colorado. Integrating the Converse Project with the Marigold complex is expected to expand the company's Nevada footprint while generating more than $200 million in life-of-mine synergies compared with operating the project on a stand-alone basis.
The acquisition of Roxmore reinforces the company’s goal of achieving low-capital-intensity growth in its core jurisdictions. Along with SSRM’s other key projects like CC&V, Seabee, Puna and Marigold, the addition of Converse Project indicates significant upside.
Mine Performances by SSR Mining’s Peers
AngloGold Ashanti plc’s (AU - Free Report) gold production dipped 4% year over year in the first half of 2026, reflecting the sale of the Serra Grande mine in December 2025. Lower second-quarter production at AngloGold Ashanti’s Obuasi mine due to a contractor fatality in April 2026 and planned mine sequencing and maintenance across certain operations also led to the decline. However, AngloGold Ashanti expects the second-half 2026 production to be higher than the first half.
Newmont Corporation (NEM - Free Report) is progressing with several growth projects like Cadia Panel Caves and Tanami Expansion 2 in Australia. These projects are expected to expand Newmont’s production capacity and extend mine life, driving revenues and profits.
Newmont has recommenced work at the Cadia panel cave project following the seismic event in April. The Tanami expansion is progressing with an expected completion of all underground infrastructure by the end of the third quarter of 2026. Newmont remains on track to achieve its previously announced 2026 guidance. The company expects attributable gold production of 5.26 million ounces.
SSRM’s Price Performance, Valuations & Estimates
SSR Mining’s stock has appreciated 40.2% in a year compared with the industry’s growth of 16%. Meanwhile, the Zacks Basic Materials sector and the S&P 500 have gained 11.6% and 18.6%, respectively.
Image Source: Zacks Investment Research
SSRM is currently trading at a forward 12-month price-to-earnings multiple of 8.30X, a discount to the industry average of 15.06X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $3.88 per share, indicating a year-over-year surge of 93%. The estimate for 2027 of $4.01 per share suggests an increase of 3.2%.
The consensus mark for 2026 has moved south for the past 60 days, while the same for 2027 has been unchanged.
View the Zacks #1 Rank List
Image: Bigstock
Is SSRM's US Platform Set to Gain From Roxmore Acquisition?
Key Takeaways
SSR Mining Inc. (SSRM - Free Report) inked a definitive agreement to acquire Roxmore Resources Inc., including the Converse Gold Project located six kilometers west of SSRM’s Marigold Complex. The acquisition provides a strategic opportunity to add a high-quality multi-million-ounce gold resource next to the company’s already attractive Marigold mine.
SSR Mining expects initial production at Converse by 2033 with an estimated mine life exceeding 10 years. The project could add 150,000-170,000 ounces of gold production annually. Once Converse becomes operational, SSRM expects its U.S. platform to produce an average of 350,000-400,000 ounces annually from 2033 to 2042. During peak years, production from the U.S. operations has the potential to reach 450,000 ounces.
SSRM remains the third-largest U.S. gold producer, driven by Marigold in Nevada and CC&V in Colorado. Integrating the Converse Project with the Marigold complex is expected to expand the company's Nevada footprint while generating more than $200 million in life-of-mine synergies compared with operating the project on a stand-alone basis.
The acquisition of Roxmore reinforces the company’s goal of achieving low-capital-intensity growth in its core jurisdictions. Along with SSRM’s other key projects like CC&V, Seabee, Puna and Marigold, the addition of Converse Project indicates significant upside.
Mine Performances by SSR Mining’s Peers
AngloGold Ashanti plc’s (AU - Free Report) gold production dipped 4% year over year in the first half of 2026, reflecting the sale of the Serra Grande mine in December 2025. Lower second-quarter production at AngloGold Ashanti’s Obuasi mine due to a contractor fatality in April 2026 and planned mine sequencing and maintenance across certain operations also led to the decline. However, AngloGold Ashanti expects the second-half 2026 production to be higher than the first half.
Newmont Corporation (NEM - Free Report) is progressing with several growth projects like Cadia Panel Caves and Tanami Expansion 2 in Australia. These projects are expected to expand Newmont’s production capacity and extend mine life, driving revenues and profits.
Newmont has recommenced work at the Cadia panel cave project following the seismic event in April. The Tanami expansion is progressing with an expected completion of all underground infrastructure by the end of the third quarter of 2026. Newmont remains on track to achieve its previously announced 2026 guidance. The company expects attributable gold production of 5.26 million ounces.
SSRM’s Price Performance, Valuations & Estimates
SSR Mining’s stock has appreciated 40.2% in a year compared with the industry’s growth of 16%. Meanwhile, the Zacks Basic Materials sector and the S&P 500 have gained 11.6% and 18.6%, respectively.
SSRM is currently trading at a forward 12-month price-to-earnings multiple of 8.30X, a discount to the industry average of 15.06X.
The Zacks Consensus Estimate for 2026 earnings is pegged at $3.88 per share, indicating a year-over-year surge of 93%. The estimate for 2027 of $4.01 per share suggests an increase of 3.2%.
The consensus mark for 2026 has moved south for the past 60 days, while the same for 2027 has been unchanged.
SSRM currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.