Gustavo Herrero - SSR Mining Independent Director

SSRM Stock  CAD 11.81  0.56  4.98%   

Director

Mr. Gustavo A. Herrero is an Independent Director of Silver Standard Resources Inc. Mr. Herrero is the Chair of our Corporationrationrate Governance and Nominating Committee and a member of our Audit Committee. He is a resident of Buenos Aires, Argentina, and was the Executive Director of the Harvard Business School Latin America Research Center from November 1, 1999 until December 31, 2013, at which time he retired from that position and currently serves on the Harvard Business School Latin American Advisory Board. Prior to joining the LARC in 1999, he was the CEO of IVA S.A., Argentina largest wool textile mill, and of Zucamor S.A.Papel Misionero S.A., Argentina leading paper and packaging manufacturer. Mr. Herrero also serves on the Advisory Committee of the universitywide David Rockefeller Center for Latin American Studies at Harvard. He also sits on the advisory boards of the Centro de Implementacin de Polticas Pblicas para la Equidad y el Crecimiento and the Fundacin Red de Accin Poltica, both nongovernmental organizations in Argentina since 2013.
Age 70
Tenure 12 years
Professional MarksMBA
Phone303 292 1299
Webhttps://www.ssrmining.com
Herrero holds an MBA from Harvard Business School, where he was a Fulbright Scholar, and a degree of Licenciado en Administración de Empresas from the Universidad Argentina de la Empresa.

SSR Mining Management Efficiency

The company has return on total asset (ROA) of (0.0221) % which means that it has lost $0.0221 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1437) %, meaning that it generated substantial loss on money invested by shareholders. SSR Mining's management efficiency ratios could be used to measure how well SSR Mining manages its routine affairs as well as how well it operates its assets and liabilities.
SSR Mining has accumulated 320.68 M in total debt with debt to equity ratio (D/E) of 0.11, which may suggest the company is not taking enough advantage from borrowing. SSR Mining has a current ratio of 6.96, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist SSR Mining until it has trouble settling it off, either with new capital or with free cash flow. So, SSR Mining's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SSR Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SSR to invest in growth at high rates of return. When we think about SSR Mining's use of debt, we should always consider it together with cash and equity.

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SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. SSR Mining Inc. was incorporated in 1946 and is based in Denver, Colorado. SSR MINING operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 2429 people. SSR Mining (SSRM) is traded on Toronto Exchange in Canada and employs 2,500 people.

Management Performance

SSR Mining Leadership Team

Elected by the shareholders, the SSR Mining's board of directors comprises two types of representatives: SSR Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SSR. The board's role is to monitor SSR Mining's management team and ensure that shareholders' interests are well served. SSR Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SSR Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
Susan Gehoski, Vice Resources
Paul Benson, President, Chief Executive Officer, Director
BSc BSc, Ex COO
Accountancy BBus, CEO Pres
Russell Farnsworth, VP Controller
A Anglin, Independent Chairman of the Board
Michael McDonald, Director Relations
Nadine Block, Senior Vice President of Human Resources
John Ebbett, Executive Innovation
William MacNevin, Executive Sustainability
Kevin OKane, Chief Operating Officer, Senior Vice President
JD BSc, Chief VP
Gregory Martin, Chief Financial Officer, Senior Vice President
Elizabeth Wademan, Independent Director
Rodney Antal, President, Chief Executive Officer, Director
Alex Hunchak, Director Relations
Alison White, Executive CFO
Joanne Thomopoulos, Executive Resources
Richard Paterson, Independent Director
Finance BCom, Executive Officer
Simon Fish, Independent Director
Gustavo Herrero, Independent Director
W DeCooman, Senior Vice President - Business Development and Strategy
Cengiz Demirci, Vice Exploration
Beverlee Park, Independent Director
Brian Booth, Independent Director
Steve Reid, Independent Director

SSR Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is SSR Mining a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with SSR Mining

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SSR Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SSR Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with SSR Stock

  0.78FDR Flinders ResourcesPairCorr

Moving against SSR Stock

  0.88IE Ivanhoe EnergyPairCorr
  0.84FDY Faraday Copper CorpPairCorr
  0.52AG First Majestic SilverPairCorr
  0.38INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to SSR Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SSR Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SSR Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SSR Mining to buy it.
The correlation of SSR Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SSR Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SSR Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SSR Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether SSR Mining is a strong investment it is important to analyze SSR Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SSR Mining's future performance. For an informed investment choice regarding SSR Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SSR Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Please note, there is a significant difference between SSR Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSR Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSR Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.