SSR Mining Inc (NASDAQ:SSRM) saw its stock price plummet 5.40% in Tuesday's trading session, despite reporting better-than-expected third-quarter earnings. The gold mining company beat analyst estimates with adjusted earnings per share of $0.32, surpassing the projected $0.27, and reported quarterly sales of $385.839 million, exceeding the expected $374.980 million.

The company's financial performance showed significant year-over-year improvements, with a 49.92% increase in sales compared to the same period last year. However, investors seemed to focus on the ongoing uncertainty surrounding the restart of SSR Mining's Çöpler mine in Türkiye. The company stated that while it remains confident and committed to restarting operations, it is currently unable to estimate or predict when and under what conditions operations will resume at Çöpler.

Adding to investor concerns, SSR Mining expects its full-year 2025 production to fall in the lower half of its 410,000 to 480,000 gold equivalent ounce guidance range. Furthermore, the company is trending towards the upper end of its consolidated cost guidance ranges for 2025, reflecting the impacts of higher-than-expected gold prices on royalty costs and strong share price performance on share-based compensation. These factors, combined with the Çöpler mine uncertainty, appear to have overshadowed the positive earnings report, leading to the sharp decline in stock price.