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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Adjusted Attributable Net Income (Loss)
Non-GAAP Measure - Adjusted Attributable Net Income (Loss)
Adjusted attributable net income (loss) and adjusted attributable net income (loss) per share are used by management and investors to measure the Company’s underlying operating performance. The most directly comparable financial measures prepared in accordance with GAAP are Net income (loss) attributable to SSR Mining shareholders and Net income (loss) per share attributable to SSR Mining shareholders. Adjusted attributable net income (loss) is defined as net income (loss) adjusted to exclude the after-tax impact of specific items that are significant, but not reflective of the Company’s underlying operations, including impairment charges.
The following table provides a reconciliation of Net income (loss) attributable to SSR Mining shareholders to adjusted net income (loss) attributable to SSR Mining shareholders:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except per share) | 2026 | 2025 | 2026 | 2025 |
| Net income (loss) attributable to SSR Mining shareholders (GAAP) | $79,883 | $65,441 | $70,719 | $214,297 |
| Net income (loss) attributable to SSR Mining shareholders from discontinued operations (GAAP) | (14,955) | (28,487) | (411,805) | (96,169) |
| Net income (loss) attributable to SSR Mining shareholders from continuing operations (GAAP) | 94,838 | 93,928 | 482,524 | 310,466 |
| Interest saving on 2019 Notes, net of tax | — | 1,248 | 916 | 3,727 |
| Net income (loss) used in the calculation of diluted net income per share from continuing operations | $94,838 | $95,176 | $483,440 | $314,193 |
| Weighted-average shares used in the calculation of net income (loss) per share | ||||
| Basic | 202,930 | 202,783 | 205,511 | 202,660 |
| Diluted | 204,069 | 217,464 | 210,119 | 217,018 |
| Net income (loss) per share attributable to SSR Mining shareholders from continuing operations | ||||
| Basic | $0.47 | $0.46 | $2.35 | $1.53 |
| Diluted | $0.46 | $0.44 | $2.30 | $1.45 |
| Adjustments: | ||||
| CC&V transaction and integration costs | — | 7,287 | — | 19,040 |
| Reclamation costs (1) | 43,515 | — | 43,515 | — |
| Litigation costs and settlement (2) | 3,850 | — | 3,850 | — |
| Income tax impact related to the above adjustments | (11,466) | — | (11,466) | — |
| Adjusted net income (loss) attributable to SSR Mining shareholders from continuing operations (non-GAAP) (3) | $130,737 | $101,215 | $518,423 | $329,506 |
| Adjusted net income (loss) per share attributable to SSR Mining shareholders from continuing operations (non-GAAP) | ||||
| Basic | $0.64 | $0.50 | $2.52 | $1.63 |
| Diluted (4) | $0.64 | $0.47 | $2.47 | $1.54 |
(1)Represents revisions in cost estimate assumptions associated with water management and tailings storage facilities at Puna.
(2)Represents the settlement of certain putative wage and hour class action litigation matters at CC&V and Marigold, both of which were paid during the three and nine months ended September 30, 2026. The settlements are unrelated to our core ongoing business operations and are nonrecurring.
(3)During the second quarter, the Company revised its calculation of adjusted attributable net income (loss) to no longer exclude (i) inflation-related tax impacts in Argentina and (ii) changes in the fair value of marketable securities that are held as part of the Company's strategy to manage foreign exchange exposure associated with the devaluation of the ARS. The adjustments were historically excluded due to the significant volatility associated with Argentina's inflationary environment and the resulting fluctuations in tax expense. Based on recent economic data, management concluded that these impacts are no longer reflective of unusual or non-recurring economic conditions. Accordingly, the Company removed the adjustments from its non-GAAP measure and revised prior-period amounts to conform to the current-period presentation. The change increased adjusted attributable net income (loss) by $0.7 million and $14.3 million for the three and nine months ended September 30, 2026, respectively, and by $6.9 million and $14.8 million for the three and nine months ended September
30, 2025, respectively.
(4)Adjusted net income (loss) per diluted share attributable to SSR Mining shareholders is calculated using diluted common shares, which are calculated in accordance with GAAP.
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