SSR MINING INC.

The Company manages its liquidity through planning, budgeting and forecasting processes, which are reviewed and updated on a regular basis, to help determine the funding requirements to support its ongoing operations, expansion and development activities, remediation and care and maintenance expenditures at Çöpler, contingent consideration payments, as well as to support its capital structure strategy. In assessing capital structure, the Company considers shareholders’ equity and the Second Amended Credit Agreement. The Company may take various actions to maintain or adjust its capital structure, including issuing equity or debt, repaying outstanding indebtedness, divesting non-core assets, or repurchasing shares.

Borrowings under the Second Amended Credit Agreement are subject to the Company’s compliance with certain financial covenants, including interest coverage and net leverage ratios, as well as customary quarterly representations and warranties, which are assessed on a trailing twelve-month basis. As of March 31, 2026, the Company was in compliance with its covenants. The obligations under the Second Amended Credit Agreement are guaranteed by the Company’s material subsidiaries, including pledges of equity interests in such subsidiaries, and secured by certain assets of the Company. Such guarantees and pledges exclude the Çöpler disposal group.

As of March 31, 2026, the Company had $634.1 million of cash and cash equivalents, and had no outstanding borrowings under the Second Amended Credit Agreement. Each of the Company’s mines operate independently and do not rely on cash flows from, or operational synergies with, other operations. The Company believes that its cash and cash equivalents, available borrowing capacity under the Second Amended Credit Agreement and anticipated cash flows from operations will be sufficient to sustain the operational needs of the Company for the next twelve months.

Cash and Cash Equivalents

At March 31, 2026, the Company had $634.1 million of cash and cash equivalents, an increase of $109.3 million from December 31, 2025. Refer to the Cash Flows section below for additional detail of the Company’s cash flow activities. The Company held $497.0 million of its cash and cash equivalents balance in USD. Additionally, the Company held cash and cash equivalents of $123.4 million, $13.2 million and $0.2 million in ARS, CAD and TRY, respectively.

The Company maintains cash balances at banking institutions in various jurisdictions that may or may not have deposit insurance. The Company mitigates potential cash risk by maintaining bank accounts with credit-worthy financial institutions. All cash is invested in short-term investments or high interest savings accounts with maturities of 90 days or less in accordance with the Company’s investment policy, providing the Company with sufficient liquidity to meet its foreseeable capital needs.

Debt

During the three months ended March 31, 2026, holders of $229.8 million aggregate principal amount of the 2019 Notes elected to convert their holdings into approximately 13.1 million common shares, and the Company paid $2.6 million in cash for accrued interest and fractional shares. The Company also redeemed the remaining $0.2 million of principal in cash. As of March 31, 2026, no amounts remained outstanding and the Company has discharged its obligations under the 2019 Notes. See Note 16 to the Condensed Consolidated Financial Statement for additional details related to debt.

Cash Dividends

During the three months ended March 31, 2026 and 2025, the Company declared no dividends.

Cash Flows

The following table summarizes the Company's cash flow activity from continuing operations forthree months ended March 31:

Cash provided by operating activities from continuing operations

For the three months ended March 31, 2026, cash provided by operating activities from continuing operations was $299.6 million compared to $116.7 million for the three months ended March 31, 2025. The change in cash provided by operating activities from continuing operations is primarily due to an increase in revenues attributable to 62.5% higher average realized gold price and a 182.7% higher average realized silver price in 2026 as compared to 2025.

Cash (used in) investing activities from continuing operations

For the three months ended March 31, 2026, cash used in investing activities from continuing operations was $85.8 million compared to $150.8 million for the three months ended March 31, 2025. The decrease of $65.0 million of cash used in investing activities from continuing operations is primarily due to a $108.7 million reduction in cash paid for acquisitions, partially offset by a $44.0 million increase in capital expenditures when compared to the three months ended March 31, 2025.

Cash provided by (used in) financing activities from continuing operations

For the three months ended March 31, 2026, cash used in financing activities from continuing operations was $77.0 million compared to $3.6 million provided by financing activities for the three months ended March 31, 2025. The change in financing activities from continuing operations was primarily due to a $87.5 million payment of contingent consideration during 2026, partially offset by an increase of $11.1 million of proceeds from related party debt in 2026 as compared to 2025.

Contractual Obligations

Except as discussed below, there have been no material changes in the Company’s contractual obligations since December 31, 2025.

During the three months ended March 31, 2026, the Company entered into a share purchase agreement to divest its 80% ownership interest in the Çöpler mine and related properties in Türkiye. Refer to Note 3 and Note 4 of the Condensed Consolidated Financial Statements for further details regarding the divestiture.

During the three months ended March 31, 2026, the Company fully discharged its obligation under the 2019 Notes through conversions, cash payments for accrued interest and fractional shares, and redemptions of the remaining principal amount of the 2019 Notes. As of March 31, 2026, no amounts were outstanding. Refer to Note 16 to the Condensed Consolidated Financial Statements for additional information.

Refer to Part II, Item 7 in the Form 10-K for information regarding the Company’s contractual obligations.