SSR Mining Inc.
SSRM · Basic Materials
$35.83
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Why SSR Mining Stock Was a Winner on Wednesday
SSR Mining stock surged over 5% on Wednesday following a weaker-than-expected jobs report from ADP, which cooled Fed rate hike concerns. Lower interest rate expectations boosted precious metals prices, benefiting gold and silver mining stocks. However, the author remains cautious, believing inflation pressures will likely lead to future rate increases that could pressure precious metals prices.
Is Antamina Set to Boost Wheaton Precious Metals' Production?
Wheaton Precious Metals (WPM) has shown solid performance in 2026, driven by its $4.3 billion precious metals purchase agreement with BHP Group for the Antamina mine. The deal increased WPM's attributable silver to 67.5% and boosted Q2 silver production to 2.3 million ounces (up 56% year-over-year). WPM expects 2026 production of 860,000-940,000 GEOs and targets 1.2 million GEOs annually by 2030. However, WPM trades at a premium valuation (31.24X forward P/E vs. 17.16X industry average) and carries a Zacks Rank #3 (Hold) rating.
Why SSR Mining Stock Flopped on Friday
SSR Mining stock declined 4.41% on Friday as gold and silver prices fell following hawkish comments from Federal Reserve Chair Kevin Warsh at the Jackson Hole Economic Symposium. His remarks suggested the Fed may raise interest rates soon to combat inflation, which typically drives investment capital away from precious metals toward higher-yielding assets like bonds.