SSR Mining Inc. (SSR.AX)

SSR Mining Inc. (SSR.AX) — VMCI valuation read

Headline read on SSR.AX: VMCI of 42/100 versus a Basic Materials sector median of 50. The 8-point below-median position is what makes SSR Mining Inc. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on SSR.AX: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on SSR.AX: value (SSR.AX trades at 15.0x earnings, 17% below the Basic Materials median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Basic Materials median (10.0%)), and risk (net debt to EBITDA of 2.8x is the rate-sensitivity line to watch). The value read also implies an EV/EBITDA gap of +4.0x against the Basic Materials 12.0x baseline.

SSR.AX rose 1.4% over the trailing 7 days, with a -7.3% read on a 30-day basis.