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 and nine months ended September 30, 2025 are null.

(2)For the three months ended September 30, 2024, Çöpler produced and sold inventory that was in-circuit prior to the Çöpler incident.

(4)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 recorded for the three months ended September 30, 2025 and 2024 of $37.3 million and $29.8 million, respectively, represents direct costs, excluding costs associated with environmental reclamation and remediation, and depreciation.

Operations were suspended following the Çöpler Incident on February 13, 2024. Care and maintenance expense recorded for the nine months ended September 30, 2025 and 2024 of $109.8 million and $74.7 million, respectively, represents direct costs, excluding costs associated with environmental reclamation and remediation, 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 decreased 24.7% primarily due to fewer tonnes stacked as a result of a higher strip ratio. Revenue increased by $10.8 million, or 9.0%, of which an increase of $35.7 million was due to a higher average realized gold price, partially offset by a decrease of $24.9 million due to fewer gold ounces sold. Cost of sales decreased by $11.7 million, or 15.7%, due to fewer gold ounces sold, partially offset by higher costs related to a higher strip ratio. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 6.4% and 6.2%, respectively, due to a higher strip ratio and fewer tonnes stacked. AISC per ounce of gold sold was consistent for the three months ended September 30, 2025 and 2024, despite a higher cash cost per ounce of gold sold due to a decrease in sustaining capital expenditures.

Gold production increased 2.0% due to higher gold grade stacked, partially offset by fewer tonnes stacked. Revenue increased by $109.2 million, or 42.4%, of which $100.2 million was due to a higher average realized gold price and $9.0 million due to more gold ounces sold. Cost of sales increased by $15.1 million, or 9.3%, 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 5.6% and 5.5%, respectively, due to the higher mining costs and higher royalty expense. AISC per ounce of gold sold increased 6.1% 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 September 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 nine months ended September 30, 2025 compared to three and nine months ended September 30, 2024

The Company acquired CC&V on February 28, 2025; thus, there were no historical results reported for the three and nine months ended September 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

(1)On August 21, 2024, the Company temporarily suspended operations at Seabee due to forest fires in the vicinity of the mine. Mining operations resumed at Seabee on October 11, 2024.

(2)During the second quarter of 2025, the Company temporarily suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. Seabee resumed operations on June 13, 2025.

(4)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 11.1% primarily due to lower mill feed grade, partially offset by higher mill throughput. Revenue increased by $3.6 million, or 13.1%, of which $9.2 million was due to higher average realized gold price, partially offset by $5.6 million due to fewer gold ounces sold. Cost of sales increased by $5.3 million, or 36.5%, due to higher milling costs due to unplanned mill maintenance and higher site support costs. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased by 70.7% and 70.5%, respectively, primarily due to lower mill feed grade. AISC per ounce of gold sold increased 30.5% due to higher cash costs per ounce of gold sold and sustaining capital expenditures, partially offset by lower care and maintenance costs.

Gold production decreased 9.1% primarily due to fewer ore tonnes mined and milled. Revenue increased by $20.0 million, or 16.3%, of which $41.1 million was due to higher average realized gold price, partially offset by $21.2 million due to fewer gold ounces sold. Cost of sales increased by $5.2 million, or 9.2%, due to higher milling and site support costs. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 31.8% and 31.7%, respectively, due to fewer ore tonnes mined and milled due to unplanned mill maintenance and the temporary suspension of operations. AISC per ounce of gold sold increased 21.0% primarily due to higher cash cost per ounce of gold 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 closing commodity 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 decreased 16.5% primarily due to lower mill feed grade, partially offset by more ore tonnes milled. Revenue increased by $27.6 million, or 28.2%, of which $31.5 million was due to a higher average realized silver price and $0.6 million was due to higher average realized lead price, partially offset by $3.9 million due to fewer silver ounces sold and $1.1 million due to lower volume of lead concentrate sold. Cost of sales was consistent for the three months ended September 30, 2025 and 2024. Cost of sales per ounce of silver sold and cash costs per ounce of silver sold were consistent for the three months ended September 30, 2025 and 2024. AISC per ounce of silver sold decreased by 11.9% primarily due to lower reclamation cost accretion and amortization.

Silver production increased 3.1% primarily due to more ore tonnes milled. Revenue increased by $83.6 million, or 36.0%, of which $64.2 million was due to a higher average realized silver price and $17.9 million was due to higher silver ounces sold. Cost of sales increased by $6.8 million, or 6.0%, due to more ounces of silver sold. Cost of sales per ounce of silver sold were consistent for the nine months ended September 30, 2025 and 2024. Cash costs per ounce of silver sold decreased by 7.3% due to lower treatment and refining charges. AISC per ounce of silver sold decreased by 14.8% due to lower reclamation cost accretion and amortization and lower sustaining capital expenditures.