Mr. Rod Antal reports

SSR MINING ANNOUNCES NEW NORMAL COURSE ISSUER BID

SSR Mining Inc. has filed with, and received acceptance from, the Toronto Stock Exchange for a notice of intention to make a normal course issuer bid (NCIB) under the requirements of the TSX, permitting SSR Mining to purchase for cancellation up to 10.2 million common shares of the company, representing approximately 5 per cent of SSR Mining's total issued and outstanding common shares. As of June 6, 2023, SSR Mining had 204,094,970 issued and outstanding common shares.

Rod Antal, executive chairman of SSR Mining, said: "SSR Mining is proud to continue its robust capital returns program with a new normal course issuer bid. Since 2021, the company has returned more than $409-million to shareholders, including approximately $293-million through the repurchase of 17,836,019 shares that has reduced our shares outstanding by 8 per cent. The combination of our base dividend and share repurchases delivered a peer-leading 5-per-cent capital returns yield to shareholders in both 2021 and 2022, and we have continued with additional share repurchases and quarterly dividends in 2023. Year to date in 2023, we have repurchased 2,982,193 shares, or more than $44-million, under the previous normal course issuer bid, and combined with our base dividend, expect to return a minimum of $102-million, or a 3.5-per-cent capital return yield, to shareholders this year. Capital returns are one of the key pillars of our capital allocation strategy, and this announcement reinforces our continued commitment to return cash to our shareholders."

SSR Mining believes that the market price of its common shares does not always reflect its underlying fundamental value and future growth prospects. SSR Mining's purchase of its common shares under the NCIB will supplement the existing base dividend and is part of its capital allocation framework for returning excess cash to shareholders. Under SSR Mining's previous normal course issuer bid, which commenced on June 20, 2022, and terminates on June 19, 2023, the company was authorized to purchase up to 10.6 million common shares. SSR Mining purchased and cancelled 9,035,319 common shares via open-market purchases through the facilities of the TSX and the Nasdaq Stock Market at a volume-weighted average price paid per common share of $16.02 for approximately $145-million.

SSR Mining may purchase common shares under the NCIB over the next 12-month period beginning June 20, 2023, and ending June 19, 2024. The exact timing and amount of any purchases will depend on market conditions and other factors. SSR Mining is not obligated to acquire any common shares and may suspend or discontinue purchases under the NCIB at any time. Any purchases made under the NCIB will be effected through the facilities of the TSX, the Nasdaq and/or alternative Canadian and United States trading systems. Any purchases made pursuant to the NCIB will be made in accordance with the rules of the TSX and applicable U.S. securities laws, and will be made at market price at the time of purchase. Under the NCIB, other than purchases made under block purchase exemptions, the company may purchase up to 84,818 common shares on the TSX during any trading day, such number being 25 per cent of 339,272 common shares, which is the average daily trading volume on the TSX for the most recently completed six calendar months prior to the TSX's acceptance of the notice of the NCIB.

SSR Mining intends to enter into an automatic share purchase plan in the future in relation to purchases made in connection with this NCIB to allow it to purchase common shares under the NCIB when the company would ordinarily not be permitted to purchase such shares due to regulatory restrictions and customary self-imposed blackout periods.

About SSR Mining Inc.

SSR Mining is a leading, free-cash-flow-focused gold company with four producing operations located in the United States, Turkey, Canada and Argentina, combined with a global pipeline of high-quality development and exploration assets. Over the past three years, the four operating assets combined have produced, on average, more than 700,000 gold equivalent ounces annually.

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