Company Website: https://www.ssrmining.com/
DENVER -- (Business Wire)

SSR Mining Inc. (Nasdaq/TSX: SSRM) ("SSR Mining" or the “Company") reports consolidated financial results for the third quarter ended September 30, 2026. In addition, the Board of Directors declared a quarterly cash dividend of $0.03 per common share payable on December 11, 2026, to holders of record at the close of business on November 13, 2026. This dividend qualifies as an 'eligible dividend' for Canadian tax purposes.

• Consolidated operating results from continuing operations: Third quarter 2026 production was 103,585 gold equivalent ounces at consolidated cost of sales of $1,755 per payable ounce and all-in sustaining costs (“AISC”) of $2,527 per payable ounce.^(1,2) In the first nine months of 2026, the Company produced 315,459 gold equivalent ounces at consolidated cost of sales of $1,751 per payable ounce and AISC of $2,523 per payable ounce. Year-to-date results remain aligned with full-year 2026 production guidance of 450,000 to 535,000 gold equivalent ounces and the Company’s expectations of strong fourth quarter results. At Puna, the Company continues to identify additional ore that supports potential mine life extension, resulting in resequencing that defers lower-cost production from stockpiled ore that was planned to be processed in 2026. This decision, combined with higher royalty costs, persistent diesel price pressures and broader labor and input cost inflation, is expected to result in full-year AISC trending approximately 10% above the upper end of the Company’s 2026 guidance.
• Financial results from continuing operations: In the third quarter of 2026, SSR Mining reported net income attributable to SSR Mining shareholders of $94.8 million, or $0.46 per diluted share, and adjusted net income attributable to SSR Mining shareholders of $130.7 million, or $0.64 per diluted share. In the third quarter of 2026, operating cash flow was $106.0 million and free cash flow was $5.8 million. Third quarter operating cash flow before changes in working capital was $211.0 million, and free cash flow before changes in working capital was $110.8 million. Over the first three quarters of 2026, operating cash flow and operating cash flow before working capital changes totaled $526.5 million and $707.9 million, respectively, while free cash flow and free cash flow before changes in working capital were $304.9 million and $486.4 million, respectively.
• Cash and liquidity position: As of September 30, 2026, SSR Mining had a cash and cash equivalent balance of $1.6 billion and no outstanding long-term debt. Total liquidity, inclusive of the Company’s undrawn $600 million revolving credit facility, was $2.2 billion.
• Capital Returns: In the third quarter of 2026, SSR Mining completed $193.6 million in share buybacks through the repurchase of 6.2 million shares. In the first nine months of 2026 share buybacks totaled approximately 16.6 million shares or more than $530 million. Additionally, on September 11, 2026, the Company paid its first quarterly dividend of 2026 to shareholders of record on August 14, 2026. Total capital returns, inclusive of share buybacks over the first nine months of the year and the third quarter dividend, represent an effective yield of approximately 10% for 2026.
• Completed strategic repositioning to the Americas: On July 17, 2026, the Company closed the sale of its 20% ownership stake in the Hod Maden development project (the "Hod Maden Project") for an uncapped 4.0% net smelter return royalty ("NSR") on 100% of the Hod Maden Project. This transaction, combined with the Company’s divestment of its ownership in the Çöpler mine in the second quarter of 2026, completed SSR Mining’s strategic repositioning to a free-cash-flow-focused Americas gold and silver producer anchored by its long-lived Marigold and CC&V operations in the United States.
• Updated Marigold Technical Report Summary: On October 13, 2026, the Company announced an updated Technical Report Summary ("TRS") for the Marigold Complex ("2026 Marigold TRS") in Nevada, USA with a $3.3 billion NPV_5% and a more than 50% increase in total gold production over the prior life of mine plan. The 2026 Marigold TRS includes 4.6 million ounces of gold Mineral Reserves supporting a 20-year mine life and significant potential for future growth.
• Accretive Acquisition of Roxmore Resources: On October 13, 2026, SSR Mining announced an agreement for the all-cash acquisition of Roxmore Resources and its multi-million-ounce Converse Gold Project adjacent to the Company’s Marigold Complex. Converse has the potential to add 150,000 to 170,000 ounces of annual gold production to SSR Mining’s U.S. platform, with first production targeted for 2033. The acquisition is subject to the satisfaction of customary closing conditions, including court approval, and is expected to be completed in the fourth quarter of 2026.
• Development & exploration in the Americas: SSR Mining continues to advance key brownfield organic growth projects across the portfolio, including Buffalo Valley at Marigold, Cortaderas at Puna, and Porky at Seabee. These projects represent low capital intensity, high-return development opportunities and have the potential to meaningfully extend the mine lives at each asset. Earlier-stage exploration activity is also continuing across the Company’s more than 13,000-hectare land position in Nevada and at regional targets in Saskatchewan.

Rod Antal, Executive Chairman of SSR Mining, said, “Over the last few months, we have delivered a number of positive milestones designed to create long-term value for shareholders and affirm SSR Mining as a free-cash-flow-focused gold and silver producer in the Americas. This includes completing our exit from Türkiye with the Çöpler and Hod Maden divestments, delivering an improved, multi-decade mine plan for Marigold, and announcing an agreement to acquire the Converse Project in Nevada to further bolster our U.S. platform.

Operationally, we remain on track for full-year production guidance with steady third quarter results ahead of a strong fourth quarter. Although costs are trending approximately 10% above the top end of our original guidance ranges, we expect robust free cash flow into year-end.

Overall, we continue to see significant latent value in our share price. Our consistent and ongoing activity on the share buyback program should demonstrate our confidence in this upside.”

Financial and Operating Summary

A summary of the Company's consolidated financial and operating results for the three and nine months ended September 30, 2026, and September 30, 2025, are presented below:

Marigold, USA

For the three months ended September 30, 2026, and 2025, Marigold produced 29,135 and 36,273 ounces of gold, respectively. For the nine months ended September 30, 2026, and 2025, Marigold produced 97,925 and 110,765 ounces of gold, respectively. During the third quarter of 2026, Marigold reported cost of sales of $1,986 per payable ounce and AISC of $2,714 per payable ounce.

As previously guided, full-year 2026 production at Marigold is strongly weighted to the fourth quarter. This production weighting reflects the recent completion of pumping upgrades driving increased leach pad solution flows, the stacking of higher-grade ore directly on liner at heap leach cell 23B, and planned inventory drawdown through the quarter.

Cripple Creek & Victor, USA

For the three months ended September 30, 2026, and 2025, Cripple Creek & Victor (“CC&V”) produced 31,567 and 29,821 ounces of gold, respectively. For the nine months ended September 30, 2026, and 2025, CC&V produced 97,590 and 85,165 ounces of gold, respectively. During the third quarter of 2026, CC&V reported cost of sales of $1,558 per payable ounce and AISC of $2,126 per payable ounce.

SSR Mining continues to evaluate opportunities to improve the longer-term production profile at CC&V, including the potential for future Mineral Reserve conversion opportunities. As of year-end 2025, CC&V hosted 4.8 million ounces of Measured and Indicated gold resources and 2.0 million ounces of gold Inferred Mineral Resources in addition to 2.7 million ounces of gold Mineral Reserves.

Seabee, Canada

For the three months ended September 30, 2026, and 2025, Seabee produced 15,949 and 9,118 ounces of gold, respectively. For the nine months ended September 30, 2026, and 2025, Seabee produced 39,052 and 46,117 ounces of gold, respectively. During the third quarter of 2026, Seabee reported cost of sales of $1,507 per payable ounce and AISC of $2,094 per payable ounce. Third quarter operating results included scheduled downtime in the Seabee process plant. This planned maintenance was deferred from the second quarter of 2026, and no further scheduled maintenance is expected before year-end.

SSR Mining is continuing to advance exploration and resource development activities at both Santoy and Porky as potential avenues for Mineral Reserve growth and mine life extension.

Puna, Argentina

For the three months ended September 30, 2026, and 2025, Puna produced 1.7 and 2.4 million ounces of silver, respectively. For the nine months ended September 30, 2026, and 2025, Puna produced 5.1 and 7.8 million ounces of silver, respectively. During the third quarter of 2026, Puna reported cost of sales of $29.58 per payable ounce and AISC of $25.64 per payable ounce.

SSR Mining has continued to identify additional ore that supports potential mine life extension at Puna, resulting in resequencing that defers lower-cost production from stockpiled ore that was planned to be processed in 2026. This decision, combined with inflationary pressures in Argentina, is contributing to AISC at Puna trending above its full-year guidance range. Exploration and resource development drilling have also continued at the Cortaderas project, which represents a longer-term mine life extension opportunity for Puna.

Conference Call Information

This news release should be read in conjunction with the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, filed with the U.S. Securities and Exchange Commission (the “SEC”) and available on the SEC website at www.sec.gov or www.ssrmining.com.

• Conference call and webcast: Tuesday, November 3, 2026, at 5:00 pm EST.

• The webcast will be available on our website. Audio replay will be available for two weeks by dialing:

Dividend Declaration

On November 3, 2026, the Board of Directors declared a quarterly cash dividend of $0.03 per common share, payable on December 11, 2026 to shareholders of record at the close of business on November 13, 2026.

This dividend is designated as an 'eligible dividend' for Canadian income tax purposes.

The dividend payment applies to holders of SSR Mining’s common shares, which trade on Nasdaq and the Toronto Stock Exchange under the symbol SSRM. Payments to Canadian shareholders will be made in Canadian dollars based on the exchange rate on the record date as reported by the Bank of Canada. Payments to other shareholders will be made in U.S. dollars and will be subject to applicable withholding taxes.

About SSR Mining

SSR Mining Inc. is a free-cash-flow-focused gold and silver mining company and the third-largest gold producer in the United States. SSR Mining has a diversified portfolio of operating, development and exploration assets across the Americas, including four operating mines in the USA, Canada, and Argentina. In 2026, SSR Mining is expected to produce between 450,000 and 535,000 Gold Equivalent Ounces. The Company is headquartered in Denver, Colorado and is listed under the ticker symbol SSRM on the Nasdaq Stock Market and the Toronto Stock Exchange.

For more information, please visit: www.ssrmining.com.

Cautionary Note Regarding Forward-Looking Information and Statements:

Except for statements of historical fact relating to us, certain statements contained in this news release constitute forward-looking statements, forward-looking information, future oriented financial information, or financial outlooks (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information may be contained in this document and our other public filings. Forward-looking information relates to statements concerning our outlook and anticipated events or results and in some cases, can be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue”, or other similar expressions, as well as statements written in the future tense or that are not historical facts.

Forward-looking information in this news release include any statements concerning, among other things: the successful completion of the acquisition of Roxmore and the timing and benefits thereof; forecasts and outlook; preliminary cost reporting in this document; timing, production, operating, cost, and capital expenditures; guidance; our operational and development targets and catalysts and the impact of any suspensions on operations; growth initiatives; the results of any gold reconciliations; the ability to discover additional oxide gold ore; the generation of free cash flow and returning cash to shareholders, including via share repurchases or dividends; matters relating to proposed exploration; communications with local stakeholders; maintaining community and government relations; our joint venture governance and operations; negotiation and completion of transactions; commodity prices; Mineral Resources, Mineral Reserves, conversion of Mineral Resources, realization of Mineral Reserves, and the existence or realization of Mineral Resource estimates; the development approach; the timing and amount of future production; the timing of studies, announcements, and analysis; the timing of construction and development of proposed mines and process facilities; capital and operating expenditures; economic conditions; availability of sufficient financing; exploration plans; receipt of regulatory approvals; timing and impact surrounding suspension or interruption of operations as a result of regulatory requirements or actions by governmental authority; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced by future events or conditions.

Such forward-looking information is subject to various risks and uncertainties and based on a number of material factors and assumptions which could cause actual results and experience to differ materially from anticipated results or expectations expressed in this news release, including, but not limited in any manner to, those disclosed from time to time in our reports filed with the SEC on EDGAR, including the “Risk Factors” section of our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as applicable, and the Canadian securities regulatory authorities on SEDAR+, and include: the inherent speculative nature of exploration results; the ability to explore; local and global political and economic conditions; governmental and regulatory requirements and actions by governmental authorities, including changes in government policy, government ownership requirements, changes in environmental, tax and other laws or regulations and the interpretation thereof; communications with local stakeholders; maintaining community and governmental relations; status of negotiations of current and future joint ventures and their governance and operations; weather conditions at our operations; commodity prices; the ultimate determination of and realization of Mineral Reserves; existence or realization of Mineral Resources; the development approach; availability and receipt of required approvals, titles, licenses and permits; sufficient working capital to develop and operate the mines and implement development plans; access to adequate services and supplies; foreign currency exchange rates; interest rates; access to capital markets and associated cost of funds; availability of a qualified work force; ability to negotiate, finalize, and execute relevant agreements; the Company’s ability to efficiently integrate acquired mines and businesses and to manage the costs related to any such integration, or to retain key technical, professional or management personnel; lack of social opposition to our mines or facilities; lack of legal challenges with respect to our properties; the timing and amount of future production; the ability to meet production, cost, and capital expenditure targets; timing and ability to produce studies and analyses; capital and operating expenditures; economic conditions; availability of sufficient financing; the ultimate ability to mine, process, and sell mineral products on economically favorable terms; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, geopolitical, regulatory and political factors that may influence future events or conditions. While we consider these factors and assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

The above list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. You should not place undue reliance on forward-looking information. Forward-looking information are based on certain key expectations and assumptions made by us. Although we believe that the expectations and assumptions on which such forward-looking information are based are reasonable, undue reliance should not be placed on the forward-looking information because we can give no assurance that they will prove to be correct. Other than as required by law, we do not intend, and undertake no obligation to update any forward-looking information to reflect, among other things, new information or future events. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

Supplemental Mineral Reserve and Mineral Resource Information

Mineral reserves and Mineral Resources at Cripple Creek & Victor have been classified in accordance with the definitions for Mineral Resources in S-K 1300. Mineral Resources are presented on a project basis and have effective date of December 31, 2025. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. Estimates of Mineral Resources may be materially affected by environmental, permitting, legal, title, market or other relevant issues. The deposits in this press release that have been classified as Measured, Indicated and Inferred based on confidence in the geological model and drill spacing. The quantity and grade of reported Inferred resources are uncertain in nature, and there has not been sufficient work to define these Inferred Mineral Resources as Indicated or Measured resources. There is no certainty that any part of a mineral resource will ever be converted into mineral reserves.

Cautionary Note Regarding Non-GAAP Measures

We have included certain non-GAAP performance measures throughout this document to assist in understanding our financial results. These performance measures are employed by us to measure our operating and economic performance internally and to assist in decision-making, as well as to provide key performance information to senior management. We believe that, in addition to measures prepared in accordance with GAAP, certain investors and other stakeholders will find this information useful to evaluate our operating and financial performance; however, these non-GAAP performance measures do not have any standardized meaning. These performance measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Our definitions of our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. These non-GAAP measures should be read in conjunction with our condensed consolidated interim financial statements.

Total Cash, Total Debt, Net Cash (Debt), Total Liquidity, Cash costs, AISC per ounce sold, adjusted net income (loss) attributable to SSR Mining shareholders, free cash flow, and mine site free cash flow are Non-GAAP Measures with no standardized definition under U.S. GAAP.

Non-GAAP Measure – Total Cash, Total Debt, Net Cash (Debt) and Total Liquidity

Total cash, Total debt, and Net cash (debt) are used by management and investors to measure the Company's underlying operating performance. The Company believes that these measures are useful measures for shareholders as they help evaluate liquidity, available cash, and the Company’s financial position. The Company believes that liquidity and available cash will be sufficient to sustain the operational needs of the Company for the next twelve months.

Total cash is calculated as Cash and cash equivalents plus Restricted cash and Total debt is calculated as the face value of the Company’s Convertible Notes plus other current debt. Net debt is calculated as Total cash less Total debt. Items used in these calculations may not be shown in tables when the values for both periods are zero.

The following table provides a reconciliation of cash and cash equivalents to Total cash, Total debt, and Net cash:

Total liquidity is calculated as Cash and cash equivalents plus Restricted cash and borrowing capacity under current revolving credit facilities, including accordion features. As of September 30, 2026, no borrowings were outstanding on the Company’s $600 million credit facility.

The following table provides a reconciliation of Cash and cash equivalents to Total liquidity:

Non-GAAP Measure - Cash Costs and AISC

Cash Costs and All-In Sustaining Costs (“AISC”) per payable ounce of gold and respective unit cost measures are non-U.S. GAAP metrics developed by the World Gold Council to provide transparency into the costs associated with producing gold and provide a standard for comparison across the industry. The World Gold Council is a market development organization for the gold industry.

The Company uses cash costs per ounce of precious metals sold and AISC per ounce of precious metals to monitor its operating performance internally. The most directly comparable measure prepared in accordance with GAAP is cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying cash costs of operations and the impact of by-product credits on its cost structure. The Company also believes these are relevant metrics used to understand its operating profitability. When deriving the cost of sales associated with an ounce of precious metal, the Company includes by-product credits, which allows management and other stakeholders to assess the net costs of gold and silver production.

AISC includes total cost of sales incurred at the Company's mining operations, which forms the basis of cash costs. Additionally, the Company includes sustaining capital expenditures, sustaining mine-site exploration and evaluation costs, reclamation cost accretion and amortization, and general and administrative expenses. This measure seeks to reflect the ongoing cost of gold and silver production from current operations; therefore, growth capital is excluded. The Company determines sustaining capital to be capital expenditures that are necessary to maintain current production and execute the current mine plan. The Company determines growth capital to be those payments used to develop new operations or related to projects at existing operations where those projects will materially benefit the operation.

The Company believes that AISC provides additional information to management and stakeholders that provides visibility to better define the total costs associated with production and better understanding of the economics of the Company's operations and performance compared to other producers. In deriving the number of ounces of precious metal sold, the Company considers the physical ounces available for sale after the treatment and refining process, commonly referred to as payable metal, as this is what is sold to third parties.

The following tables provide a reconciliation of Cost of sales to cash costs and AISC: