SSR MINING INC.

Results of Operations

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 was consistent period over period. Revenue increased by $70.5 million, or 60.1%, primarily due to higher average realized gold price. Cost of sales increased by $12.9 million, or 22.0%, primarily due to higher royalty costs as a result of higher gold price. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 24.8% and 24.7%, respectively, due to higher royalty expense resulting from higher average realized gold prices during 2026. AISC per ounce of gold sold increased by 34.0% primarily due to higher cash costs per ounce of gold sold and higher sustaining capital expenditures.

Cripple Creek & Victor, USA

(1)The operating data presented for 2025 represents the period from February 28, 2025 to March 31, 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.

Gold production increased 239.5% primarily due to a full quarter of production in 2026 compared to 2025. Revenue increased by $151.6 million, or 434.7%, of which an increase of $84.7 million was due to more gold ounces sold and $66.8 million was due to a higher average realized gold price. Cost of sales increased by $36.8 million, or 204.7%, primarily due to a full quarter of production in 2026 compared to 2025. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold decreased 10.0% and 12.7%, respectively, due to higher gold grade stacked. AISC per ounce of gold sold decreased by 6.5% primarily due to lower cash costs per ounce of gold sold, partially offset by higher sustaining capital expenditures.

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 75.8% primarily due to 66.7% lower mill feed grade and fewer ore tonnes milled. Revenue decreased by $47.9 million, or 62.7%, of which $58.3 million of the decrease was due to fewer gold ounces sold, partially offset by an increase of $10.4 million due to higher average realized gold price. Cost of sales decreased by $1.9 million, or 8.1%, due to fewer ounces sold, partially offset by higher cost per ounce. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased by 289.0% and 289.4%, respectively, primarily due to higher milling costs per tonne and lower mill feed grade. AISC per ounce of gold sold increased 340.5% due to higher cash costs per ounce of gold sold and sustaining capital expenditures.

Puna, Argentina

(1)Effective January 1, 2026, the Company calculates gold equivalent ounces using a fixed silver-to-gold ratio of 63:1. In prior periods, gold equivalent ounces were 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. Gold equivalent ounces sold may not recalculate based on amounts presented in this table due to rounding.

(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 30.6% primarily due to lower mill feed grade, partially offset by more ore tonnes milled. Revenue increased by $91.0 million, or 103.1%, of which $108.8 million was due to a higher average realized silver price, $1.8 million was due to higher average realized lead price, $0.6 million was due to higher volume of zinc concentrate sold, partially offset by $17.5 million due to fewer silver ounces sold and $2.8 million due to lower volume of lead concentrate sold. Cost of sales increased by $10.7 million primarily due to more material mined and milled. Cost of sales per ounce of silver sold and cash costs per ounce of silver sold increased by 67.1% and 82.1%, respectively, primarily due to a planned higher strip ratio and lower mill feed grade. AISC per ounce of silver sold increased by 75.8% primarily due to higher cash cost per ounce of silver sold and higher sustaining capital expenditures.

Discontinued Operations

Çöpler, Türkiye

Operations remained suspended following the incident at Çöpler on February 13, 2024, as described in the Form 10-K. Accordingly, there were no sales for the three months ended March 31, 2026 and 2025. Care and maintenance expense recorded for the three months ended March 31, 2026 and 2025 of $36.6 million and $35.8 million, respectively, represents direct costs, excluding costs associated with environmental reclamation and remediation and depreciation.