SSR MINING INC.
For the period ended Sep 30, 2026. Filed Nov 3, 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.
Sep 30, 2026 · Filed Nov 3, 2026
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6. Revenue
- REVENUE
The following table represents revenues by product (in thousands):
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Gold sales | ||||
| Marigold | $126,296 | $130,650 | $441,183 | $366,544 |
| CC&V | 132,659 | 97,896 | 442,050 | 282,020 |
| Seabee | 67,640 | 31,528 | 161,356 | 142,331 |
| Concentrate sales | ||||
| Puna | 131,054 | 121,882 | 420,608 | 308,726 |
| Other (1) | ||||
| Marigold | 54 | 44 | 182 | 116 |
| CC&V | 553 | 353 | 6,708 | 1,066 |
| Seabee | 32 | 16 | 73 | 55 |
| Puna | (10,633) | 3,470 | 1,071 | 7,054 |
| Total | $447,655 | $385,839 | $1,473,231 | $1,107,912 |
(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 types are as follows (in thousands):
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Gold | $326,595 | $260,074 | $1,044,589 | $790,895 |
| Silver | 120,195 | 107,962 | 389,310 | 270,447 |
| Lead | 9,605 | 12,638 | 27,499 | 35,119 |
| Zinc | 1,254 | 1,282 | 3,799 | 3,160 |
| Other (1) | (9,994) | 3,883 | 8,034 | 8,291 |
| Total | $447,655 | $385,839 | $1,473,231 | $1,107,912 |
(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 September 30, 2026, the Company had silver sales of 3.4 million ounces at an average price of $65.94 per ounce, lead sales of 15.7 million pounds at an average price of $0.86 per pound, and zinc sales of 1.4 million pounds at an average price of $1.70 per pound, subject to normal course final pricing over the next several months.
For the three months ended September 30, 2026 and 2025, the change in the fair value of the Company’s embedded derivatives relating to provisional concentrate metal sales was a decrease of $10.8 million and an increase of $3.5 million, respectively. For the nine months ended September 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 $0.6 million and $7.1 million, respectively. The changes in fair value have been recorded in Revenue.
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