SSR Mining jumps as Q1 profit surges on gold prices, asset sale

SSR Mining beat Wall Street expectations in Q1 with revenue of $581.8M and stronger earnings and free cash flow, driven by solid production and efficiencies at core mines. The company said it will sell the Çöpler mine, refocusing operations in the Americas, and is using cash generation to fund development and buybacks. Shares jumped 7.3% in extended trading and are up about 170% over the past year. Higher gold prices underpin the upbeat results and support mining equities; gold spot (XAUUSD) traded near 4,550 and was modestly firmer. Market reaction reflects bullish sentiment for SSR Mining and the broader gold-mining space amid robust commodity prices and asset simplification.