SSR Mining (SSRM) Base Breakout with Bull Risk Reversals
SSR Mining (SSRM) triggered a base breakout on 7/13 and has now put in a higher low, a name that has seen 12,000 September $17 calls bought to open against sales of 5000 September $14 and $13 puts. SSRM revenues are 88% Gold, 10% Silver, 2% Lead and Zinc. SSRM has peer-leading FCF generation and yield. It also has a robust exploration and growth pipeline to grow the next ten years and has a goal of 700,000 to 800,000 gold ounces per year.