This Fund Sold its Entire Stake in SSR Mining Stock After a 200% Rally. Should You Too?

• Condire afloat liquidated its SSR Mining stake; the presumption present represents n/a of 13F assets nether management.

• Top holdings aft the filing:

  • NYSEMKT: NGD: ~$238.98 cardinal (~24.9% of AUM)

  • NYSEMKT: IAUX: ~$117.15 cardinal (~12.2% of AUM)

  • NYSE: ODV: ~$80.66 cardinal (~8.4% of AUM)

  • NYSE: SBSW: ~$74.73 cardinal (~7.8% of AUM)

  • NYSE: VAL: ~$58.40 cardinal (~6.1% of AUM)

• As of February 17, 2026, SSRM shares were priced astatine $25.91, up 183% implicit the past year, outperforming the S&P 500 by 171.58 percent points.

• SSR Mining produces and sells gold, silver, copper, lead, and zinc, with main operations successful Turkey, the United States, Canada, and Argentina.

• The institution generates gross chiefly done the extraction and merchantability of precious and basal metals from its owned and operated mining sites.

• SSR Mining was formerly known arsenic Silver Standard Resources and changed its sanction successful August 2017.

SSR Mining is simply a diversified precious metals shaper with a planetary footprint and a absorption connected golden mining, complemented by metallic and basal metallic operations.

SSR Mining is the third-largest golden shaper successful the U.S. Its banal show is truthful highly correlated with the terms of gold. When golden rises, SSR Mining shares typically travel suit. That explains the stock’s run-up successful the past twelvemonth oregon so, erstwhile golden prices surged to all-time highs successful aboriginal 2026.

Condire Management, perhaps, took vantage of the golden stock’s rally and sold retired of its full presumption successful the 4th fourth of 2025. In the 1 twelvemonth done Dec. 31, 2025, SSR Mining banal had rallied 215%.

SSR Mining stock, however, has maintained its momentum successful 2026, rising astir 38% twelvemonth to day arsenic of this writing. The golden miner released its fourth-quarter and full-year 2025 numbers connected Feb. 17 and has issued a beardown outlook for 2026.

SSR Mining projects a 10% emergence successful its golden equivalent ounce accumulation for 2026 and expects different twelvemonth of beardown escaped currency flows (FCF) aft generating $241.6 cardinal successful FCF successful 2025 versus a negative FCF of $103 cardinal successful 2024.

Given its expanding golden portfolio, beardown currency travel projections, and a currency equilibrium of $534.8 cardinal arsenic of Dec. 31, 2025, absorption has besides approved a $300 cardinal stock repurchase program.