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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Cripple Creek & Victor, USA
| Three Months Ended June 30, · Six Months Ended June 30, | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Operating Data | 2026 | 2025 | Change (%) | 2026 | 2025(1) | Change (%) | |||
| Gold produced (oz) | 27,725 | 44,062 | (37.1)% | 66,023 | 55,344 | 19.3% | |||
| Gold sold (oz) | 28,499 | 44,800 | (36.4)% | 66,746 | 56,100 | 19.0% | |||
| Average realized gold price ($/oz sold) | $4,397 | $3,336 | 31.8% | $4,636 | $3,282 | 41.3% | |||
| Ore mined (kt) | 3,726 | 3,441 | 8.3% | 7,097 | 5,265 | 34.8% | |||
| Waste removed (kt) | 6,134 | 4,880 | 25.7% | 11,654 | 6,451 | 80.7% | |||
| Total material mined (kt) | 9,860 | 8,321 | 18.5% | 18,751 | 11,716 | 60.0% | |||
| Ore stacked (kt) | 3,761 | 3,519 | 6.9% | 7,036 | 5,378 | 30.8% | |||
| Gold grade stacked (g/t) | 0.46 | 0.50 | (7.8)% | 0.45 | 0.45 | —% | |||
| Cost of sales (2) | $44,488 | $50,003 | (11.0)% | $99,234 | $67,968 | 46.0% | |||
| Cost of sales ($/oz gold sold) (2) | $1,561 | $1,116 | 39.9% | $1,487 | $1,212 | 22.7% | |||
| Cash costs ($/oz gold sold) (3) | $1,430 | $1,105 | 29.4% | $1,396 | $1,199 | 16.4% | |||
| AISC ($/oz gold sold) (3) | $1,995 | $1,339 | 49.0% | $1,802 | $1,427 | 26.3% | |||
(1)The operating data presented for 2025 represents the period from February 28, 2025 to June 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.
Gold production decreased 37.1% primarily due to the timing of leach recoveries. Revenue decreased by $20.9 million, or 13.9%, of which a decrease of $51.1 million was due to fewer gold ounces sold, partially offset by an increase of $30.2 million due to a higher average realized gold price. Cost of sales decreased by $5.5 million, or 11.0%, is primarily due to fewer gold ounces sold. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 39.9% and 29.4%, respectively, primarily due to higher surface mining costs as a result of higher labor costs and increased spending on maintenance parts and supplies, and fewer gold ounces sold. AISC per ounce of gold sold increased 49.0% due to higher cash costs per ounce and higher sustaining capital expenditures related to land purchases adjacent to the mine and site improvements in 2026.
Gold production increased 19.3% primarily due to the inclusion of production for the entire six month period in 2026 compared to 2025. Revenue increased by $130.7 million, or 70.7%, of which $90.4 million was due to a higher average realized gold price and $40.3 million was due to more gold ounces sold. Cost of sales increased by $31.3 million, or 46.0%, primarily due to a full six months of production in 2026 compared to 2025. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 22.7% and 16.4%, respectively, primarily due to higher surface mining costs as a result of increased labor costs spending on maintenance parts and supplies. AISC per ounce of gold sold increased by 26.3% primarily due to higher cash costs per ounce of gold sold and higher sustaining capital expenditures related to spend on asset components and land purchases in 2026.
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