SSR MINING INC.

Results of Operations

Çöpler, Türkiye

(1)Operations at Çöpler were suspended on February 13, 2024 following the Çöpler Incident and have not restarted. As a result, operating data for the three months ended June 30, 2025 and 2024 are not presented.

(3)The Company reports the non-GAAP financial measures of cash costs and AISC per ounce of gold sold to manage and evaluate operating performance at Çöpler. See “Non-GAAP Financial Measures” for an explanation of these financial measures and a reconciliation to cost of sales, which is the comparable GAAP financial measure.

Operations remained suspended following the Çöpler Incident on February 13, 2024. Care and maintenance expense for the three months ended June 30, 2025 and 2024 of $36.7 million and $30.6 million, respectively, was recorded which represents direct costs not associated with the environmental reclamation and remediation costs and depreciation.

Operations were suspended following the Çöpler Incident on February 13, 2024. Care and maintenance expense for the six months ended June 30, 2025 and 2024 of $72.5 million and $45.0 million, respectively, was recorded which represents direct costs not associated with the environmental reclamation and remediation costs and depreciation.

Marigold, USA

(2)The Company reports the non-GAAP financial measures of cash costs and AISC per ounce of gold sold to manage and evaluate operating performance at Marigold. See “Non-GAAP Financial Measures” for an explanation of these financial measures and a reconciliation to Cost of sales, which is the comparable GAAP financial measure.

Gold production increased 39.8% due to higher gold grade stacked, partially offset by fewer tonnes stacked. Revenue increased by $57.9 million, or 95.1%, of which $33.7 million was the result of higher average realized gold price and $24.3 million was the result of more gold ounces sold. Cost of sales increased by $17.1 million, or 43.7%, due to higher gold ounces sold and higher royalty expense resulting from higher average realized gold prices during 2025. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 2.7% and 2.9%, respectively, due to the higher mining costs discussed above, partially offset by more gold ounces sold. AISC per ounce of gold sold decreased 4.3% as a result of more gold ounces sold.

Gold production increased 23.4% due to higher gold grade stacked, partially offset by fewer tonnes stacked. Revenue increased by $98.4 million, or 71.5%, of which $68.5 million was the result of higher average realized gold price and $29.9 million was the result of more gold ounces sold. Cost of sales increased by $26.8 million, or 30.3%, due to higher gold ounces sold and higher royalty expense resulting from higher average realized gold prices during 2025. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 6.9% and 6.9%, respectively, due to the higher mining costs discussed above, partially offset by more gold ounces sold. AISC per ounce of gold sold increased 10.3% due to higher cash costs per ounce of gold sold and higher sustaining capital expenditures during 2025 as compared to 2024.

Cripple Creek & Victor, USA

(1)The operating data presented represents the period from February 28, 2025 to June 30, 2025, the period for which the Company was entitled to the economic benefits of CC&V following the acquisition.

(3)The Company reports the non-GAAP financial measures of cash costs and AISC per ounce of gold sold to manage and evaluate operating performance at CC&V. See “Non-GAAP Financial Measures” for an explanation of these financial measures and a reconciliation to Cost of sales, which is the comparable GAAP financial measure.

Three and six months ended June 30, 2025 compared to three and six months ended June 30, 2024

The Company acquired CC&V on February 28, 2025 and thus there were no historical results reported for the three and six months ended June 30, 2024. See Note 3 and Note 4 of the Condensed Consolidated Financial Statements for additional information related to CC&V and the CC&V acquisition.

Seabee, Canada

(2)The Company reports the non-GAAP financial measures of cash costs and AISC per ounce of gold sold to manage and evaluate operating performance at Seabee. See “Non-GAAP Financial Measures” for an explanation of these financial measures and a reconciliation to Cost of sales, which is the comparable GAAP financial measure.

Gold production decreased 34.2% as a result of the temporary suspension of operations due to wildfires during the second quarter of 2025. Revenue decreased by $0.8 million, or 2.4%, of which $11.0 million was a result of fewer gold ounces sold, partially offset by an increase of $10.2 million due to higher average realized gold price. Cost of sales increased by $1.2 million, or 6.9%, as a result of higher site support costs. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased by 55.2% and 55.0%, respectively, as a result of fewer ore tonnes mined and milled due to the temporary suspension of operations. AISC per ounce of gold sold increased 66.5% due to an increase in sustaining capital expenditures and fewer ounces sold.

Gold production decreased 8.6% as a result of the temporary suspension of operations due to wildfires during the second quarter of 2025. Revenue increased by $16.3 million, or 17.3%, of which $32.0 million was a result of higher average realized gold price, partially offset by $15.7 million was a result of fewer gold ounces sold. Cost of sales was consistent for the six months ended June 30, 2025 and 2024. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 19.4% and 19.3%, respectively, as a result of fewer ore tonnes mined and milled due to unplanned mill maintenance and the temporary suspension of operations. AISC per ounce of gold sold increased 17.9% due to fewer ounces sold.

Puna, Argentina

(1)Gold equivalent ounces are calculated multiplying the silver ounces by the ratio of the silver price to the gold price, using the average LBMA prices for the period. The Company does not include by-products in the gold equivalent ounce calculations.

(3)The Company reports the non-GAAP financial measures of cash costs and AISC per ounce of silver sold to manage and evaluate operating performance at Puna. See “Non-GAAP Financial Measures” for an explanation of these financial measures and a reconciliation to Cost of sales, which is the comparable GAAP financial measure.

Silver production increased 4.3% due to more ore tonnes milled. Revenue increased by $13.6 million, or 15.3%, primarily due to a $12.7 million increase as a result of higher average realized silver price and a $1.4 million increase as a result of higher silver ounces sold, partially offset by a $0.4 million decrease due to lower average realized lead price and a $0.3 million decrease as a result of a lower volume of lead concentrate sold. Cost of sales decreased by $2.0 million, or 4.9%, due to lower mill maintenance costs. Cost of sales per ounce of silver sold decreased by 6.6% due to lower mill maintenance costs and higher mill throughput. Cash costs per ounce of silver sold decreased by 12.3% due to lower cost of sales per ounce of silver sold and lower treatment and refining charges. AISC per ounce of silver sold decreased by 17.2%, due to lower cash costs per ounce of silver sold and lower reclamation cost accretion and amortization.

Silver production increased 15.2% due to more ore tonnes milled. Revenue increased by $56.0 million, or 41.7%, primarily due to a $33.8 million increase as a result of higher average realized silver price and a $20.5 million increase as a result of more silver ounces sold. Cost of sales increased by $6.9 million, or 10.1%, due to more ounces of silver sold. Cost of sales per ounce of silver sold decreased by 7.0% due to higher silver mill feed grade and a lower strip ratio. Cash costs per silver ounce of silver sold decreased by 11.1% due to lower cost of sales per ounce of silver sold and lower treatment and refining charges. AISC per ounce of silver sold decreased by 16.3% due to lower cash costs per ounce of silver sold and lower reclamation cost accretion and amortization.