Is SSR Mining Inc. a Buy?
SSR Mining Inc. (NASDAQ: SSRM) used to be known as Silver Standard Resources. The name change, which took effect in August 2017, is meant to reflect the miner's shift from a focus on silver mining to one that increasingly includes gold. A big acquisition was a key part of that decision, but don't get too excited right now. Production has been slowing down as the miner invests for the future. It's not a bad choice for the right investor, but there could be a better way to go.
The last few years have been a period of wheeling and dealing for SSR Mining. It's been selling assets, like the recent sale of the Berenguela project for $12 million in cash and a 9.9% interest in Valor Resources, the acquiring company. And it's been buying and partnering on assets that it believes have better growth prospects. That includes the acquisition of Claude Resources, to gain control of the Seabee mine, and the company's partnership with Golden Arrow Resources to combine the Chinchillas project with SSR's Pirquitas mine in a 75% SSR/25% Golden Arrow joint venture.
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Source: Fool.com
