SSR Mining — Third Quarter 2026 Earnings Summary

Financial Performance:

• Consolidated revenue for the three months ended September 30, 2026, was $447.7 million, compared to $385.8 million in the same period in 2025.
• Net income attributable to SSR Mining shareholders from continuing operations was $94.8 million ($0.46 per diluted share) for the quarter, compared to $93.9 million ($0.44 per diluted share) in 2025.
• Adjusted net income attributable to SSR Mining shareholders from continuing operations was $130.7 million ($0.64 per diluted share) for the quarter, compared to $101.2 million ($0.47 per diluted share) in 2025.
• Operating cash flow from continuing operations was $106.0 million for the quarter, compared to $105.9 million in 2025.
• Free cash flow from continuing operations was $5.8 million for the quarter, compared to $64.6 million in 2025.
• Operating cash flow before changes in working capital was $211.0 million for the quarter.
• Free cash flow before changes in working capital was $110.8 million for the quarter.
• For the nine months ended September 30, 2026, revenue was $1,473.2 million, compared to $1,107.9 million in 2025.
• Net income from continuing operations for the nine months was $482.5 million, compared to $310.5 million in 2025.
• Adjusted net income for the nine months was $518.4 million, compared to $329.5 million in 2025.
• Operating cash flow from continuing operations for the nine months was $526.5 million, compared to $375.8 million in 2025.
• Free cash flow from continuing operations for the nine months was $304.9 million, compared to $259.0 million in 2025.
• Consolidated production for the quarter was 103,585 gold equivalent ounces (GEOs).
• Consolidated AISC for the quarter was $2,527 per payable ounce, compared to $2,114 in 2025.
• Consolidated cost of sales per payable ounce was $1,755 for the quarter, compared to $1,585 in 2025.
• As of September 30, 2026, cash and cash equivalents were $1.6 billion.
• Total liquidity was $2.2 billion, including an undrawn $600 million revolving credit facility.
• The company had no outstanding long-term debt as of September 30, 2026.

Guidance and Future Outlook:

• Year-to-date production of 315,459 GEOs remains aligned with full-year 2026 guidance of 450,000 to 535,000 GEOs.
• Full-year 2026 AISC is expected to trend approximately 10% above the upper end of the original guidance range due to resequencing at Puna, higher royalty costs, diesel price pressures, and labor and input cost inflation.
• The company expects robust free cash flow into year-end.
• The acquisition of Roxmore Resources is expected to be completed in the fourth quarter of 2026, subject to customary closing conditions including court approval.
• First production from the Converse Gold Project is targeted for 2033.

Business Segments and Product Lines:

• Marigold (USA): Produced 29,135 ounces of gold in Q3 2026 (vs. 36,273 in Q3 2025). AISC was $2,714 per ounce. Full-year production is strongly weighted to Q4 due to pumping upgrades and inventory drawdown.
• Cripple Creek & Victor (USA): Produced 31,567 ounces of gold in Q3 2026 (vs. 29,821 in Q3 2025). AISC was $2,126 per ounce.
• Seabee (Canada): Produced 15,949 ounces of gold in Q3 2026 (vs. 9,118 in Q3 2025). AISC was $2,094 per ounce. Results included scheduled process plant downtime deferred from Q2.
• Puna (Argentina): Produced 1.7 million ounces of silver in Q3 2026 (vs. 2.4 million in Q3 2025). AISC was $25.64 per ounce. Additional ore identification supports potential mine life extension, though resequencing defers lower-cost stockpiled ore processing.
• Strategic Repositioning: Completed the sale of its 20% stake in the Hod Maden project for a 4.0% net smelter return royalty and divested its Çöpler mine ownership in Q2 2026, finalizing the exit from Türkiye.
• Acquisition: Announced an agreement to acquire Roxmore Resources and its Converse Gold Project, adjacent to Marigold, with potential to add 150,000 to 170,000 ounces of annual gold production.
• Technical Report: Announced an updated Marigold Technical Report Summary with a $3.3 billion NPV5% and a more than 50% increase in total gold production over the prior life of mine plan, supporting a 20-year mine life.
• Development: Advancing brownfield projects including Buffalo Valley at Marigold, Cortaderas at Puna, and Porky at Seabee.

Market and Competitive Landscape:

• SSR Mining is the third-largest gold producer in the United States.
• The company has repositioned as a free-cash-flow-focused gold and silver producer anchored by long-lived Marigold and CC&V operations in the U.S.
• Average realized gold price for the quarter was $4,247 per ounce, compared to $3,503 in 2025.
• Average realized silver price for the quarter was $58.39 per ounce, compared to $41.92 in 2025.

Risks and Challenges:

• Full-year AISC is trending above guidance due to inflationary pressures in Argentina, higher royalty costs, persistent diesel price pressures, and broader labor and input cost inflation.
• Operational challenges at Puna include resequencing that defers lower-cost production from stockpiled ore.
• The Roxmore acquisition is subject to court approval and other customary closing conditions.
• Forward-looking information is subject to risks including commodity price volatility, regulatory changes, political and economic conditions, and operational execution risks.

Management Commentary and Tone:

• Executive Chairman Rod Antal stated the company delivered positive milestones to create long-term value, affirming its status as a free-cash-flow-focused producer in the Americas.
• Management expressed confidence in the upside potential of the share price, citing consistent share buyback activity.
• The tone indicates confidence in operational delivery for full-year production guidance despite cost headwinds.

Other Key Points:

• The Board declared a quarterly cash dividend of $0.03 per common share, payable December 11, 2026, to shareholders of record November 13, 2026.
• In Q3 2026, the company completed $193.6 million in share buybacks (6.2 million shares).
• For the nine months ended September 30, 2026, share buybacks totaled approximately 16.6 million shares or more than $530 million.
• Total capital returns (buybacks and dividends) for the first nine months represent an effective yield of approximately 10% for 2026.
• The dividend qualifies as an 'eligible dividend' for Canadian tax purposes.