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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Marigold, USA
| Three Months Ended June 30, | Six Months Ended June 30, | |||||
|---|---|---|---|---|---|---|
| Operating Data | 2026 | 2025 | Change (%) | 2026 | 2025 | Change (%) |
| Gold produced (oz) | 31,059 | 35,906 | (13.5)% | 68,789 | 74,492 | (7.7)% |
| Gold sold (oz) | 29,720 | 35,589 | (16.5)% | 69,229 | 75,997 | (8.9)% |
| Average realized gold price ($/oz sold) | $4,284 | $3,337 | 28.4% | $4,548 | $3,104 | 46.5% |
| Ore mined (kt) | 4,324 | 3,425 | 26.2% | 9,271 | 8,781 | 5.6% |
| Waste removed (kt) | 17,044 | 20,912 | (18.5)% | 36,550 | 41,367 | (11.6)% |
| Total material mined (kt) | 21,368 | 24,337 | (12.2)% | 45,821 | 50,148 | (8.6)% |
| Ore stacked (kt) | 4,324 | 3,426 | 26.2% | 9,271 | 8,782 | 5.6% |
| Gold grade stacked (g/t) | 0.28 | 0.62 | (54.8)% | 0.27 | 0.44 | (38.6)% |
| Cost of sales (1) | $58,843 | $56,376 | 4.4% | $130,477 | $115,102 | 13.4% |
| Cost of sales ($/oz gold sold) (1) | $1,980 | $1,584 | 25.0% | $1,885 | $1,515 | 24.4% |
| Cash costs ($/oz gold sold) (2) | $1,979 | $1,586 | 24.8% | $1,884 | $1,516 | 24.3% |
| AISC ($/oz gold sold) (2) | $3,044 | $1,977 | 54.0% | $2,657 | $1,864 | 42.5% |
(2)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 Marigold. 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 13.5% primarily due to lower gold grade stacked, partially offset by more ore tonnes stacked. Revenue increased by $8.6 million, or 7.2%, of which an increase of $28.1 million was due to a higher average realized gold price, partially offset by a decrease of $19.6 million due to fewer gold ounces sold. Cost of sales increased by $2.5 million, or 4.4%, primarily due to higher surface mining costs as a result of increased spending on parts and labor maintenance costs, and increased royalty expense resulting from higher realized gold prices during 2026. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 25.0% and 24.8%, respectively, due to fewer gold ounces sold as a result of lower gold grade stacked. AISC per ounce of gold sold increased 54.0% due to higher cash costs per gold ounce sold and higher sustaining capital expenditures related to the purchase of asset components and a haul truck in 2026.
Gold production decreased 7.7% due to lower gold grade stacked, partially offset by more tonnes stacked. Revenue increased by $79.0 million, or 33.5%, of which $100.0 million was due to a higher average realized gold price, partially offset by $21.0 million due to fewer gold ounces sold. Cost of sales increased by $15.4 million, or 13.4%, primarily due to higher surface mining costs as a result of increased spending on parts and labor maintenance costs, and increased royalty expense resulting from higher realized gold prices during 2026. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 24.4% and 24.3%, respectively, due to fewer gold ounces sold as a result of lower gold grade stacked. AISC per ounce of gold sold increased 42.5% due to higher cash costs per ounce of gold sold and higher sustaining capital expenditures related to the purchase of asset components and a haul truck in 2026.
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