SSR Mining Inc (NASDAQ:SSRM) saw its stock plummet by 5.40% in Tuesday's trading session, despite reporting better-than-expected third-quarter earnings. The company posted adjusted earnings of $0.32 per share, surpassing the analyst consensus estimate of $0.27, and reported quarterly sales of $385.839 million, beating expectations of $374.980 million.

However, investors appeared to focus on SSR Mining's cautious outlook for the remainder of the year. The company announced that it expects full-year 2025 production to fall in the lower half of its 410,000 to 480,000 gold equivalent ounce guidance range. Additionally, SSR Mining is trending towards the upper end of its consolidated cost guidance ranges for 2025, citing higher-than-expected gold prices impacting royalty costs and the company's strong share price performance affecting share-based compensation.

Adding to investor concerns, SSR Mining continues to face uncertainty regarding the restart of operations at its Çöpler mine in Turkey. While the company remains confident and committed to resuming operations, it is currently unable to estimate or predict when and under what conditions the Çöpler mine will restart. This ongoing situation, combined with the lowered production guidance and increased cost expectations, likely contributed to the significant drop in SSR Mining's stock price, despite the positive quarterly results.