Here's Why SSR Mining Shares Soared This Week

By Lee Samaha – Apr 3, 2026 at 8:04AM ESTKey PointsThe company derisked its operations and is preparing to acquire stock for cancellation. Investors are hoping the price of gold will decouple from the other asset classes in the future. Shares in gold miner SSR Mining (SSRM +0.56%) rose by 19.9% in the week to Friday morning. The increase in the stock price is obviously good news for shareholders, and there are stock-specific reasons beyond the increase in gold prices this week. Still, investors buying into the stock and the sector on the basis that it would provide a haven would ultimately like to see some non-correlated performance before feeling fully confident in holding the stock. Why SSR Mining's stock rose this week As readers already know, there's plenty of evidence that speculative money flowed into gold and silver last year, even as demand destruction (notably in jewelry) due to high prices also emerged. Image source: Getty Images. As such, it's not surprising that gold has often traded in line with the equity market this year. When the broad market declines, investors often sell profitable liquid positions in other asset classes. That's fine and worthy, but it doesn't speak to the idea that gold is some safe port in a storm. That said, the stock price rise is not just because gold rose; it also reflects the company derisking its operations by signing a definitive agreement to sell its 80% stake in a gold mine in Turkey for $1.5 billion. In addition, SSR Mining also received acceptance from the Toronto Stock Exchange to acquire (for cancellation) about 10% of its outstanding common shares. ExpandNASDAQ: SSRMSSR MiningToday's Change(0.56%) $0.17Current Price$31.68Key Data PointsMarket Cap$6.4BDay's Range$29.52 - $31.9252wk Range$8.65 - $33.49Volume608KAvg Vol4.3MGross Margin35.73% What it means to SSR Mining investors These developments help support the share price and focus the company on its core operations in the Americas. In addition, an analyst at the heavyweight financial company UBS raised his price target on the stock this week while maintaining a buy rating. The combination of positive updates drove the stock higher this week and offered investors an excellent way to gain exposure to gold prices. Read NextMar 31, 2026 •By Lee SamahaWhat's the Outlook for Gold- and Silver-Mining Stocks in 2026?Mar 31, 2026 •By Lee SamahaHere's Why Shares in SSR Mining Popped Higher TodayMar 27, 2026 •By Neha ChamariaWhy SSR Mining Stock Is Flying This Week (It's Not Gold Price)Mar 25, 2026 •By Eric VolkmanWhy SSR Mining Stock Shined Like Gold TodayMar 22, 2026 •By Courtney Carlsen3 Reasons SSR Mining Stock Is Undervalued Right NowMar 19, 2026 •By Reuben Gregg BrewerShould You Buy the Dip On SSR Mining Stock?About the AuthorLee Samaha is a contributing Stock Market Analyst at The Motley Fool covering industrials, electricals, energy, materials, transportation, and infrastructure stocks. Prior to The Motley Fool, Lee was a Civil Engineer and Investment Manager. He holds a Bachelor of Civil and Structural Engineering from Southampton University and a Certificate in Investment Management from Chartered Institute for Securities & Investment. Lee first cut his investing teeth on The Motley Fool bulletin boards (commonly referred to as the “Fool Boards,”) and he’s infinitely grateful to all of the investors he learned from in this powerful investing community.TMFSaintGermainX@LeeSamahaStocks MentionedSSR MiningNASDAQ: SSRM$31.58(+0.25%)+$0.08UBSNYSE: UBS$39.45(-0.74%)-$0.30*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.