SSR MINING INC.
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
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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.
Jun 30, 2026 · Filed Aug 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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5. Operating Segments
- OPERATING SEGMENTS
The Company identifies its segments according to how the chief operating decision maker (“CODM”) evaluates financial performance and allocates resources. The Company’s CODM is the chief executive officer. The CODM assesses the segments’ performance by using each segment’s operating income and primarily relies on operating income for each segment during the annual budgeting and forecasting process. On a quarterly basis, the CODM reviews budget-to-actual variances for profit metrics to inform decisions on the allocation of operating and capital resources across segments.
As described in Note 3, the Çöpler mine and related properties and the Hod Maden project met the criteria for classification as held for sale and discontinued operations, and are excluded from the tables below. Following the removal of Çöpler, the Company determined that it hasfour reportable and operating segments represented by each of its producing mine sites.
The following tables provide a summary of financial information related to the Company’s segments (in thousands):
| Three Months Ended June 30, 2026 | |||||||
|---|---|---|---|---|---|---|---|
| Marigold | CC&V | Seabee | Puna | Segment Total | Corporate and other (1) | Total from Continuing Operations | |
| Revenue | $127,376 | $129,094 | $65,311 | $122,017 | $443,798 | $— | $443,798 |
| Cost of sales (2) | $58,843 | $44,488 | $27,016 | $43,325 | $173,672 | $— | $173,672 |
| Depreciation, depletion, and amortization | $8,096 | $4,820 | $12,218 | $5,839 | $30,973 | $79 | $31,052 |
| General and administrative expense | $— | $— | $— | $— | $— | $27,649 | $27,649 |
| Exploration and evaluation | $219 | $225 | $1,619 | $3,964 | $6,027 | $2,932 | $8,959 |
| Reclamation and remediation costs | $890 | $4,643 | $336 | $1,280 | $7,149 | $— | $7,149 |
| Other operating expense (income), net | $1,177 | $(110) | $44 | $297 | $1,408 | $2,233 | $3,641 |
| Operating income (loss) | $58,151 | $75,028 | $24,078 | $67,312 | $224,569 | $(32,893) | $191,676 |
| Interest expense | $— | $(3) | $— | $(29) | $(32) | $(361) | $(393) |
| Interest income | $121 | $187 | $61 | $424 | $793 | $4,031 | $4,824 |
| Other income (expense) | $(210) | $1,528 | $5 | $6,319 | $7,642 | $(99) | $7,543 |
| Foreign exchange gain (loss) | $— | $1 | $(302) | $(13,294) | $(13,595) | $(4,723) | $(18,318) |
| Income (loss) before income and mining taxes | $58,062 | $76,741 | $23,842 | $60,732 | $219,377 | $(34,045) | $185,332 |
| Capital expenditures | $40,188 | $19,442 | $11,058 | $9,757 | $80,445 | $— | $80,445 |
| Total assets as of June 30, 2026 | $947,676 | $727,212 | $393,261 | $316,327 | $2,384,476 | $1,894,814 | $4,279,290 |
(1)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties and the portfolio of prospective exploration tenures, near or adjacent to the existing operations, are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.
| Three Months Ended June 30, 2025 | |||||||
|---|---|---|---|---|---|---|---|
| Marigold | CC&V | Seabee (1) | Puna | Segment Total | Corporate and other (2) | Total from Continuing Operations | |
| Revenue | $118,786 | $149,965 | $34,540 | $102,164 | $405,455 | $— | $405,455 |
| Cost of sales (3) | $56,376 | $50,003 | $18,473 | $38,096 | $162,948 | $— | $162,948 |
| Depreciation, depletion, and amortization | $8,228 | $2,784 | $6,921 | $8,191 | $26,124 | $80 | $26,204 |
| General and administrative expense | $— | $— | $— | $— | $— | $26,634 | $26,634 |
| Exploration and evaluation | $1,824 | $(195) | $2,743 | $805 | $5,177 | $880 | $6,057 |
| Reclamation and remediation costs | $806 | $3,887 | $336 | $1,280 | $6,309 | $— | $6,309 |
| Care and maintenance (4) | $— | $— | $1,013 | $— | $1,013 | $— | $1,013 |
| Other operating expense (income), net | $313 | $630 | $98 | $203 | $1,244 | $6,970 | $8,214 |
| Operating income (loss) | $51,239 | $92,856 | $4,956 | $53,589 | $202,640 | $(34,564) | $168,076 |
| Interest expense | $— | $— | $— | $(877) | $(877) | $(1,708) | $(2,585) |
| Interest income | $756 | $— | $303 | $907 | $1,966 | $1,057 | $3,023 |
| Other income (expense) | $(246) | $— | $(7) | $3,954 | $3,701 | $(730) | $2,971 |
| Foreign exchange gain (loss) | $— | $— | $854 | $(6,235) | $(5,381) | $(4,837) | $(10,218) |
| Income (loss) before income and mining taxes | $51,749 | $92,856 | $6,106 | $51,338 | $202,049 | $(40,782) | $161,267 |
| Capital expenditures | $18,841 | $14,427 | $8,762 | $4,023 | $46,053 | $759 | $46,812 |
| Total assets as of June 30, 2025 | $818,746 | $534,551 | $355,909 | $363,386 | $2,072,592 | $358,728 | $2,431,320 |
(1)During the second quarter of 2025, the Company 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.
(2)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties and the portfolio of prospective exploration tenures, near or adjacent to the existing operations, are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.
(3)Excludes depreciation, depletion, and amortization.
(4)Care and maintenance expense represents the direct costs of $0.2 million and depreciation of $0.8 million during the temporary suspension of operations at Seabee during the three months ended June 30, 2025.
| Six Months Ended June 30, 2026 | |||||||
|---|---|---|---|---|---|---|---|
| Marigold | CC&V | Seabee | Puna | Segment Total | Corporate and other (1) | Total from Continuing Operations | |
| Revenue | $315,015 | $315,546 | $93,757 | $301,258 | $1,025,576 | $— | $1,025,576 |
| Cost of sales (2) | $130,477 | $99,234 | $48,261 | $90,819 | $368,791 | $— | $368,791 |
| Depreciation, depletion, and amortization | $18,095 | $10,199 | $19,154 | $13,550 | $60,998 | $159 | $61,157 |
| General and administrative expense | $— | $— | $— | $— | $— | $66,130 | $66,130 |
| Exploration and evaluation | $462 | $248 | $3,434 | $6,084 | $10,228 | $4,035 | $14,263 |
| Reclamation and remediation costs | $1,779 | $8,636 | $672 | $2,560 | $13,647 | $— | $13,647 |
| Other operating expense (income), net | $4,020 | $533 | $443 | $521 | $5,517 | $3,940 | $9,457 |
| Operating income (loss) | $160,182 | $196,696 | $21,793 | $187,724 | $566,395 | $(74,264) | $492,131 |
| Interest expense | $— | $(11) | $(12) | $(24) | $(47) | $(1,615) | $(1,662) |
| Interest income | $324 | $327 | $265 | $745 | $1,661 | $6,323 | $7,984 |
| Other income (expense) | $(413) | $1,915 | $(17) | $11,252 | $12,737 | $(406) | $12,331 |
| Foreign exchange gain (loss) | $— | $1 | $(217) | $(7,717) | $(7,933) | $(4,644) | $(12,577) |
| Income (loss) before income and mining taxes | $160,093 | $198,928 | $21,812 | $191,980 | $572,813 | $(74,606) | $498,207 |
| Capital expenditures | $65,861 | $26,919 | $28,866 | $14,502 | $136,148 | $— | $136,148 |
| Total assets as of June 30, 2026 | $947,676 | $727,212 | $393,261 | $316,327 | $2,384,476 | $1,894,814 | $4,279,290 |
(1)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties and the portfolio of prospective exploration tenures, near or adjacent to the existing operations, are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.
| Six Months Ended June 30, 2025 | |||||||
|---|---|---|---|---|---|---|---|
| Marigold | CC&V (1) | Seabee (2) | Puna | Segment Total | Corporate and other (3) | Total from Continuing Operations | |
| Revenue | $235,966 | $184,837 | $110,842 | $190,428 | $722,073 | $— | $722,073 |
| Cost of sales (4) | $115,102 | $67,968 | $41,604 | $74,915 | $299,589 | $— | $299,589 |
| Depreciation, depletion, and amortization | $16,941 | $3,288 | $20,425 | $15,972 | $56,626 | $159 | $56,785 |
| General and administrative expense | $— | $— | $— | $— | $— | $50,529 | $50,529 |
| Exploration and evaluation | $2,515 | $— | $6,883 | $1,177 | $10,575 | $1,442 | $12,017 |
| Reclamation and remediation costs | $1,610 | $5,171 | $672 | $2,561 | $10,014 | $— | $10,014 |
| Care and maintenance (5) | $— | $— | $1,013 | $— | $1,013 | $— | $1,013 |
| Other operating expense (income), net | $656 | $634 | $98 | $439 | $1,827 | $15,407 | $17,234 |
| Operating income (loss) | $99,142 | $107,776 | $40,147 | $95,364 | $342,429 | $(67,537) | $274,892 |
| Interest expense | $— | $— | $— | $(982) | $(982) | $(3,395) | $(4,377) |
| Interest income | $2,356 | $— | $731 | $1,253 | $4,340 | $1,680 | $6,020 |
| Other income (expense) | $(459) | $— | $(15) | $7,778 | $7,304 | $(1,068) | $6,236 |
| Foreign exchange gain (loss) | $— | $— | $746 | $(9,920) | $(9,174) | $(5,675) | $(14,849) |
| Income (loss) before income and mining taxes | $101,039 | $107,776 | $41,609 | $93,493 | $343,917 | $(75,995) | $267,922 |
| Capital expenditures | $34,091 | $15,820 | $20,564 | $5,977 | $76,452 | $— | $76,452 |
| Total assets as of June 30, 2025 | $818,746 | $534,551 | $355,909 | $363,386 | $2,072,592 | $358,728 | $2,431,320 |
(1)The reported statements of operations amounts reflect results for CC&V from the date of acquisition on February 28, 2025 through June 30, 2026.
(2)During the second quarter of 2025, the Company 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.
(3)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties and the portfolio of prospective exploration tenures, near or adjacent to the existing operations, are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.
(4)Excludes depreciation, depletion, and amortization.
(5)Care and maintenance expense represents the direct costs of $0.2 million and depreciation of $0.8 million during the temporary suspension of operations at Seabee during the six months ended June 30, 2025.
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