Simply Wall St.61d agoneutral
SSR Mining Pullback Tests Gold Rate Sensitivity And Long Term ThesisSSR Mining (TSX:SSRM) is under fresh pressure as gold and silver prices weaken following strong U.S. employment data. Expectations for further Federal Reserve interest rate hikes are weighing on precious metals, a key revenue driver for the company. The share price closed at CA$36.72, with the stock down 10.3% over the past week and 25.1% over the past month. For investors watching SSR Mining, the timing of this macro shock matters. The stock is still up 24.2% year to date and 117.1% over...