SSR Mining Inc's stock surged 6.05% in after-hours trading following the release of its first-quarter fiscal 2026 results, which significantly exceeded analyst expectations.

The company reported adjusted earnings per share of $1.15, beating the consensus estimate of $0.86 by 33.72%. Quarterly sales reached $581.78 million, surpassing the $539.39 million estimate by 7.86% and representing an 83.75% increase from the same period last year. Net income from continuing operations rose 180.6% to $250.18 million, while operating income jumped to $300.38 million from $106.78 million a year earlier.

Positive corporate developments also contributed to investor optimism. SSR Mining signed a definitive agreement to sell its 80% stake in the Çöpler mine for approximately $1.5 billion in cash, with the transaction expected to close before the end of the third quarter of 2026. Additionally, the company's board authorized a share buyback program of up to $300 million and completed approximately $300 million in repurchases after the quarter ended.