Mr. Rod Antal reports

SSR MINING ANNOUNCES BINDING AGREEMENT TO SELL ITS OWNERSHIP IN THE COPLER MINE FOR $1.5 BILLION IN CASH

SSR Mining Inc. has entered into a binding memorandum of understanding to sell its 80-per-cent ownership stake in the Copler mine and related properties in Turkey for $1.5-billion in cash. The entire $1.5-billion cash consideration is payable on the transaction's closing. Copler is being acquired by Cengiz Holding AS, one of Turkey's largest industrial companies with operations spanning copper, gold and aluminum mining and processing as well as major interests in construction, energy, metallurgy, and the chemicals and fertilizer industries. The transaction excludes SSR Mining's interest in the Hod Maden development project.

Rod Antal, executive chairman of SSR Mining, said: "Over the last two years, we have worked diligently to progress the Copler mine to allow for a safe and responsible restart of operations. We have also concurrently worked closely with the Turkiye government authorities to address each requirement to secure the necessary approvals to restart operations. As part of these extensive efforts, we continued a strategic review of the optimal path forward at Copler to maximize shareholder value, and, today, we are pleased to announce this all-cash transaction with Cengiz Holding. We believe the transaction will deliver significant net asset value and cash flow accretion relative to consensus estimates for Copler, which we expect will deliver immediate value to shareholders.

"The cash proceeds received through the transaction are expected to be used for continued reinvestment in the business, capital returns and accretive growth initiatives. We are also conducting a strategic review of our remaining platform in Turkiye, including our 20-per-cent earned interest in the Hod Maden development project.

"With last year's acquisition of the Cripple Creek and Victor mine and today's agreement for the sale of Copler, we have strategically repositioned the portfolio to the Americas. As the third-largest gold producer in the United States, SSR Mining is expected to continue its robust annual production, anchored by operations in the USA."

Transaction terms

The purchase price is payable in U.S. dollars. Cengiz Holding is required to pay a deposit of $100-million, which is creditable against the purchase price at the closing of the transaction or refundable (in full or partially) in certain limited circumstances. In addition, the transaction includes a $50-million reciprocal break fee. The closing of the transaction will be subject to receipt of regulatory approval from the Turkish General Directorate of Mining and Petroleum Affairs as well as other consents and approvals that may be required in connection with the transaction and other customary conditions.

Cengiz Holding's obligation to proceed with the transaction is subject to the satisfactory completion of limited due diligence related to mineral reserves and resources at Copler but is not subject to the receipt of operational or other permits or licences related to Copler, nor is it subject to any financing contingency. Either party has the right to terminate the binding memorandum of understanding at any time upon notice to the other party, subject to the payment of a termination fee in the amount of $50-million. The transaction is expected to close in the third quarter of 2026.

The Copler mine and related properties encompass all mining licences, assets, rights, liabilities and interests relating to or in connection with SSR Mining's operations in eastern Anatolia, including Copler, Cakmaktepe, Bayramdere, Mavialtin and Tuncplnar.

Counsel and fairness opinion

Allen Overy Shearman Sterling LLP is acting as SSR Mining's legal adviser. CIBC World Markets Inc. has provided a fairness opinion to the board of directors of SSR Mining, to the effect that, subject to the assumptions, limitations and qualifications set out in its fairness opinion, as of March 3, 2026, the consideration to be received by SSR Mining pursuant to the binding memorandum of understanding is fair, from a financial point of view, to the company.

About SSR Mining Inc.

SSR Mining is listed under the ticker symbol SSRM on the Nasdaq Stock Market and the Toronto Stock Exchange.

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