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SSR MINING INC

For the period ended Sep 30, 2024. Filed Nov 6, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 6, 2024

SSRM$28.20-4.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Condensed Consolidated Balance Sheets (unaudited)

Condensed Consolidated Balance Sheets

September 30, 2024December 31, 2023
ASSETS
Cash and cash equivalents$334,341$492,393
Marketable securities31,41120,944
Trade and other receivables114,794142,180
Inventories494,618515,143
Restricted cash—101
Prepaids and other current assets21,30525,715
Total current assets996,4691,196,476
Mineral properties, plant and equipment, net3,797,6713,872,886
Inventories253,073219,808
Equity method investments110127
Deferred income tax assets19,93722,307
Other non-current assets76,65974,169
Total assets (1)$5,143,919$5,385,773
LIABILITIES
Accounts payable$26,749$37,095
Accrued liabilities and other118,298124,639
Reclamation and remediation liabilities94,1103,364
Finance lease liabilities4,7384,555
Current portion of debt—920
Current portion of debt, related party11,000—
Total current liabilities254,895170,573
Debt228,305227,516
Debt, related party13,9196,544
Finance lease liabilities82,59686,141
Reclamation and remediation liabilities232,461170,455
Deferred income tax liabilities329,806363,852
Other non-current liabilities53,18056,489
Total liabilities (1)1,195,1621,081,570
EQUITY
Common shares – unlimited authorized common shares with no par value; 202,109 and 202,952 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively2,992,4393,005,015
Retained earnings (deficit)107,810368,065
SSR Mining’s shareholders’ equity3,100,2493,373,080
Non-controlling interest848,508931,123
Total equity3,948,7574,304,203
Total liabilities and equity$5,143,919$5,385,773

Condensed Consolidated Balance Sheets

(1)The consolidated assets as of September 30, 2024 and December 31, 2023 include $3,436.1 million and $3,593.5 million, respectively, of assets of variable interest entities (“VIEs”) that can only be used to settle the obligations of the VIEs. As of September 30, 2024 and December 31, 2023, the assets include Cash and cash equivalents of $28.7 million and $42.8 million, respectively; Trade and other receivables of $4.3 million and $30.8 million, respectively; Inventories, current of $54.3 million and $165.2 million, respectively; Prepaids and other current assets of $7.5 million and $8.7 million, respectively; Mineral properties, plant and equipment, net of $3,084.2 million and $3,126.2 million, respectively; Inventories, non-current of $253.1 million and $218.1 million, respectively; and Other non-current assets of $4.0 million and $1.7 million, respectively. The consolidated liabilities as of September 30, 2024 and December 31, 2023 include $539.9 million and $418.6 million, respectively, of liabilities of VIEs whose creditors have no recourse to the Company. As of September 30, 2024 and December 31, 2023, the liabilities include Accounts payable of $6.4 million and $17.8 million, respectively; Accrued liabilities and other of $31.6 million and $32.8 million, respectively; Reclamation and remediation liabilities, current of $90.1 million and $1.8 million, respectively; Finance lease liabilities, non-current of $82.6 million and $86.2 million, respectively; Reclamation and remediation liabilities, non-current of $97.1 million and $36.8 million, respectively; Deferred income tax liabilities of $204.2 million and $232.9 million, respectively; and Other non-current liabilities of $27.9 million and $10.3 million, respectively.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.