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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7. Reclamation Liabilities
- RECLAMATION LIABILITIES
The Company is subject to various domestic and international laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. Estimated future reclamation costs are based principally on current legal and regulatory requirements.
Changes in Reclamation liabilities during the nine months ended September 30, 2026 and 2025, were as follows (in thousands):
| Nine Months Ended September 30, 2026 | Nine Months Ended September 30, 2025 | |
|---|---|---|
| Balance as of January 1 | $399,023 | $157,737 |
| Additions (1) | — | 220,974 |
| Changes in estimate and other (2) | 50,460 | 2,437 |
| Expenditures | (8,663) | (2,986) |
| Accretion expense | 19,029 | 16,219 |
| Balance as of September 30 | $459,849 | $394,381 |
| Less: current portion | (22,260) | (10,291) |
| Non-current reclamation liabilities | $437,589 | $384,090 |
(1)During the nine months ended September 30, 2025, reclamation changes were primarily comprised of an increase of $221.0 million as a result of the acquisition of CC&V.
(2)During the nine months ended September 30, 2026, reclamation increased at Puna and Marigold by $47.2 million and $3.3 million, respectively. The increase at Puna is primarily due to revisions in cost estimate assumptions associated with water management and tailings storage facilities. The increase at Marigold is due to additional disturbance. During the nine months ended September 30, 2025, reclamation at Marigold increased by $2.4 million primarily due to additional disturbance and an increase in labor unit cost rates.
The following table includes the components of Reclamation costs for thethree and nine months ended September 30, 2026 and 2025 (in thousands):
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Reclamation adjustments and other | $44,764 | $— | $45,725 | $130 |
| Reclamation accretion | 6,343 | 6,335 | 19,029 | 16,219 |
| Total reclamation costs | 51,107 | 6,335 | 64,754 | 16,349 |
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