SSR MINING INC.

This MD&A is based on the Company's Condensed Consolidated Financial Statements, which have been prepared in conformity with US GAAP. The preparation of these statements requires that the Company makes estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. The Company bases these estimates on historical experience and on assumptions that the Company considers reasonable under the circumstances; however, reported results could differ from those based on the current estimates under different assumptions or conditions. Refer to the Company’s Management’s Discussion and Analysis of Critical Accounting Estimates included in Part II of Form 10-K. There have been no changes to our critical accounting policies from those disclosed on our Form 10-K, except as noted below.

Discontinued operations

The Company determined that in conjunction with entering into a definitive agreement to sell its ownership interest, the operations of the Hod Maden project meet the criteria for classification as held for sale and for discontinued operations reporting in accordance with Accounting Standards Codification (“ASC”) 205 Discontinued Operations (“ASC 205”). ASC 205 requires that a component of an entity that has been disposed of or is classified as held for sale, has operations and cash flows that can be clearly distinguished from the rest of the entity, and represents a strategic shift that has, or will have, a major effect on the reporting entity’s financial results must be reported as discontinued operations.

In the period where a component of an entity is classified as a discontinued operation, the results of operations for the periods presented are reclassified into separate line items in the Condensed Consolidated Statements of Operations and the assets and liabilities of the discontinued operation are also reclassified into separate line items on the related Condensed Consolidated Balance Sheets. Prior period amounts are also adjusted to reflect discontinued operations presentation. All amounts included in the notes to the Condensed Consolidated Financial Statements relate to continuing operations unless otherwise noted. Accounting for discontinued operations and the related gain or loss on sale of discontinued operations requires us to make estimates and judgments regarding the allocation of costs and net asset values to discontinued operations.

Deconsolidation of a Subsidiary

In connection with the divestiture of its 20% ownership interest in Artmin, the Company deconsolidated Artmin upon resigning as the operator of the Hod Maden development project and determining that it was no longer the primary beneficiary, as it no longer has the power to direct the significant activities of Artmin. Upon deconsolidation, the Company derecognized all assets and liabilities of the variable interest entity (“VIE”) from its Condensed Consolidated Balance Sheets as of June 30, 2026. The Company uses judgment to evaluate whether we have a controlling financial interest in an entity. For entities that are not VIEs, we assess control through our voting interest. For VIEs, we determine whether we are the primary beneficiary by evaluating whether we have both the power to direct activities and the obligation to absorb losses or the right to receive benefits. This analysis involves significant assumptions related to control rights, economic exposure, and the structure of the arrangement.

Equity method investments

As discussed above, the Company deconsolidated Artmin after determining that it was no longer the primary beneficiary. Following deconsolidation, the Company retained a significant influence over Artmin through its remaining ownership interest and accounts for its investment under the equity method of accounting. The fair value of the equity method investment in Artmin was determined using a discounted cash flow model. The valuation required management to make assumptions and apply significant judgment in estimating future cash flows, including metal price assumptions; estimates of future capital expenditures and operating costs; mineral reserve, mineral resource, and exploration estimates; and the use of discount rates in the measurement of fair value. Refer to Note 3 of the Condensed Consolidated Financial Statements for additional information. The Company accounts for its investments in unconsolidated entities under the equity method of accounting. The Company applies the equity method by initially recording these investments at fair value, as equity method investments, subsequently adjusted to reflect the Company’s proportional share of the investee’s results of operations and cash contributions and distributions.