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SSR MINING INC

For the period ended Mar 31, 2025. Filed May 6, 2025.

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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.

Mar 31, 2025 · Filed May 6, 2025

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

March 31, 2025December 31, 2024
ASSETS
Cash and cash equivalents$319,612$387,882
Marketable securities21,67729,465
Trade and other receivables117,496124,438
Inventories544,333464,074
Prepaids and other current assets21,67623,175
Total current assets1,024,7941,029,034
Mineral properties, plant and equipment, net4,092,4923,782,867
Inventories441,025291,212
Deferred income tax assets5,7707,602
Other non-current assets80,42778,305
Total assets (1)$5,644,508$5,189,020
LIABILITIES
Accounts payable$41,820$30,538
Accrued liabilities and other158,911139,381
Reclamation and remediation liabilities43,02433,166
Finance lease liabilities4,8464,792
Current portion of debt, related party11,00011,000
Total current liabilities259,601218,877
Debt228,822228,572
Debt, related party21,38917,789
Finance lease liabilities80,13781,373
Reclamation and remediation liabilities522,344312,671
Deferred income tax liabilities333,845327,277
Contingent consideration liabilities167,17529,642
Other non-current liabilities27,58725,958
Total liabilities (1)1,640,9001,242,159
EQUITY
Common shares – unlimited authorized common shares with no par value; 202,538 and 202,369 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively2,995,9792,993,678
Retained earnings (deficit)172,146113,365
SSR Mining’s shareholders’ equity3,168,1253,107,043
Non-controlling interest835,483839,818
Total equity4,003,6083,946,861
Total liabilities and equity$5,644,508$5,189,020

Condensed Consolidated Balance Sheets

(1)The consolidated assets as of March 31, 2025 and December 31, 2024 include $3,411.1 million and $3,426.1 million, respectively, of assets of variable interest entities (“VIEs”) that can only be used to settle the obligations of the VIEs. As of March 31, 2025 and December 31, 2024, the assets include Cash and cash equivalents of $5.6 million and $17.5 million, respectively; Trade and other receivables of $2.6 million and $2.6 million, respectively; Inventories, current of $59.8 million and $59.2 million, respectively; Prepaids and other current assets of $7.6 million and $3.7 million, respectively; Mineral properties, plant and equipment, net of $3,086.9 million and $3,089.5 million, respectively; Inventories, non-current of $245.3 million and $246.5 million, respectively; and Other non-current assets of $3.3 million and $7.2 million, respectively. The consolidated liabilities as of March 31, 2025 and December 31, 2024 include $510.2 million and $538.4 million, respectively, of liabilities of VIEs whose creditors have no recourse to the Company. As of March 31, 2025 and December 31, 2024, the liabilities include Accounts payable of $6.6 million and $8.5 million, respectively; Accrued liabilities and other of $30.9 million and $23.5 million, respectively; Reclamation and remediation liabilities, current of $27.9 million and $33.1 million, respectively; Finance lease liabilities, non-current of $80.1 million and $81.4 million, respectively; Reclamation and remediation liabilities, non-current of $155.6 million and $155.0 million, respectively; Deferred income tax liabilities of $184.4 million and $197.7 million, respectively; and Other non-current liabilities of $24.7 million and $39.4 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.