According to a February 17, 2026 SEC filing, Condire Management, LP, completely abandoned its position in RSS Mining (NASDAQ:SSRM)selling 3,353,891 shares in a transaction estimated at $81.90 million based on the quarterly average price. The fund now reports that it has no shares.
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Condire completely liquidated its stake in SSR Mining; position now represents n/a of 13F assets under management.
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Main participations after the presentation:
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NYSEMKT: NGD: ~$238.98 million (~24.9% of assets under management)
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NYSEMKT: IAUX: ~$117.15 million (~12.2% of AUM)
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NYSE: ODV: ~$80.66 million (~8.4% of assets under management)
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NYSE: SBSW: ~$74.73 million (~7.8% of assets under management)
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NYSE: VAL: ~$58.40 million (~6.1% of AUM)
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As of February 17, 2026, SSRM shares were priced at $25.91, up 183% from last year, outperforming the S&P 500 by 171.58 percentage points.
|
Metric |
Worth |
|---|---|
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Price (at market close 02/17/26) |
$25.91 |
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Market capitalization |
5.36 billion dollars |
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Revenue (TTM) |
$1.63 billion |
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Net Income (TTM) |
$398.5 million |
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SSR Mining produces and sells gold, silver, copper, lead and zinc, with main operations in Türkiye, the United States, Canada and Argentina.
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The company generates revenue primarily through the extraction and sale of base and precious metals from its owned and operated mining sites.
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SSR Mining was previously known as Silver Standard Resources and changed its name in August 2017.
SSR Mining is a diversified precious metals producer with a global presence and focused on gold mining, complemented by silver and base metals operations.
SSR Mining is the third largest gold producer in the US. Therefore, its stock performance is highly correlated with the price of gold. When gold rises, SSR Mining stock usually does the same. That explains the rise in stocks over the past year, when gold prices hit all-time highs in early 2026.
Condire Management, perhaps, took advantage of the rally in gold stocks and sold its entire position in the fourth quarter of 2025. In the year to December 31, 2025, SSR Mining shares had risen 215%.
However, SSR Mining stock has maintained its momentum in 2026, rising nearly 38% year to date. The gold miner released its fourth-quarter and full-year 2025 numbers on February 17 and issued a strong outlook for 2026.
SSR Mining projects a 10% increase in its gold equivalent ounce production by 2026 and expects another year of strong free cash flows (FCF) after generating $241.6 million in FCF in 2025 versus a negative FCF of $103 million in 2024.
Given its expanding gold portfolio, strong cash flow projections and a cash balance of $534.8 million as of December 31, 2025, management also approved a $300 million share buyback program.