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
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6. Revenue
- REVENUE
The following table represents revenues by product (in thousands):
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Gold sales | ||||
| Marigold | $127,313 | $118,753 | $314,887 | $235,895 |
| CC&V | 125,266 | 149,464 | 309,390 | 184,123 |
| Seabee | 65,286 | 34,525 | 93,717 | 110,802 |
| Concentrate sales | ||||
| Puna | 119,291 | 100,151 | 289,554 | 186,844 |
| Other (1) | ||||
| Marigold | 63 | 33 | 128 | 71 |
| CC&V | 3,828 | 501 | 6,156 | 714 |
| Seabee | 25 | 15 | 40 | 40 |
| Puna | 2,726 | 2,013 | 11,704 | 3,584 |
| Total | $443,798 | $405,455 | $1,025,576 | $722,073 |
(1)Other revenue includes: changes in the fair value of concentrate trade receivables due to changes in silver and base metal prices; and silver and copper by-product revenue arising from the production and sale of gold doré.
Revenue by metal
Revenue by metal type are as follows (in thousands):
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Gold | $317,865 | $302,742 | $717,994 | $530,820 |
| Silver | 109,629 | 87,210 | 269,114 | 162,485 |
| Lead | 8,261 | 11,430 | 17,895 | 22,481 |
| Zinc | 1,401 | 1,511 | 2,545 | 1,878 |
| Other (1) | 6,642 | 2,562 | 18,028 | 4,409 |
| Total | $443,798 | $405,455 | $1,025,576 | $722,073 |
(1)Other revenue includes: changes in the fair value of concentrate trade receivables due to changes in silver and base metal prices; and silver and copper by-product revenue arising from the production and sale of gold doré.
Provisional metal sales
As of June 30, 2026, the Company had silver sales of 4.0 million ounces at an average price of $74.79 per ounce, lead sales of 18.2 million pounds at an average price of $0.88 per pound, and zinc sales of 2.6 million pounds at an average price of $1.50 per pound, subject to normal course final pricing over the next several months.
For the three months ended June 30, 2026 and 2025, the change in the fair value of the Company’s embedded derivatives relating to provisional concentrate metal sales was an increase of $2.6 million and $2.0 million, respectively. For the six months ended June 30, 2026 and 2025, the change in the fair value of the Company’s embedded derivatives relating to provisional concentrate metal sales was an increase of $11.5 million and $3.6 million, respectively. The changes in fair value have been recorded in Revenue.
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