11:22 AM EDT, 03/31/2025 (MT Newswires) -- (Adds comment and updates shares.)

SSR Mining ( SSRGF ) was last seen down 7.7% after the company on Monday issued its 2025 operating guidance.

The miner expects to raise 2025 gold-equivalent production to a range of 410,000 to 480,000 ounces, up from 399,267 GEOs in 2024. The target excludes any output from a potential reopening of its Copler mine in Turkiye, which was suspended in February, 2024, following a deadly collapse of the mine's heap-leach pad.

SSR said the addition of the Cripple Creek & Victor (CC&V) mine in Colorado to its portfolio drove the expected production increase. On Feb. 28, the company closed the purchase of the mine from Newmont ( NEM ) . As of Dec. 31, 2024, the mine hosted 2.4 million ounces of gold, an 85% increase.

"We entered 2025 with positive momentum," said executive chair Rod Antal. "Our Americas assets, recently bolstered by the acquisition of CC&V, are well positioned for significant production growth and strong cash flows in 2025."

Exclusive of care and maintenance costs at the Copler mine, SSR expects its 2025 consolidated all-in sustaining costs to reach US$1,890 to US$1,950 per ounce.

SSR said technical work and initial development activities have continued at the Hod Maden project in Turkey, planning to spend US$60 million to US$100 million in project development capital for 2025.

"We see attractive and low capital intensity opportunities to potentially extend the mine lives at each of these assets going forward and will continue to progress technical work through the year," Antal said.

National Bank Financial maintained its sector-perform rating and $18.00 price target following the guidance.

According to National Bank, SSR's production guidance was in line with forecasts and shows modest growth year over year while costs and capex were above the bank's estimate, though still show sizable

SSR shares were last seen down $1.20 to $14.38 on the Toronto Stock Exchange.

Price: 14.40, Change: -1.18, Percent Change: -7.57

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