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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Cripple Creek & Victor, USA
| Three Months Ended September 30, · Nine Months Ended September 30, | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Operating Data | 2026 | 2025 | Change (%) | 2026 | 2025(1) | Change (%) | |||
| Gold produced (oz) | 31,567 | 29,821 | 5.9% | 97,590 | 85,165 | 14.6% | |||
| Gold sold (oz) | 31,095 | 27,950 | 11.3% | 97,841 | 84,050 | 16.4% | |||
| Average realized gold price ($/oz sold) | $4,268 | $3,505 | 21.8% | $4,519 | $3,356 | 34.7% | |||
| Ore mined (kt) | 4,790 | 6,923 | (30.8)% | 11,887 | 12,188 | (2.5)% | |||
| Waste removed (kt) | 4,872 | 2,496 | 95.2% | 16,526 | 8,947 | 84.7% | |||
| Total material mined (kt) | 9,662 | 9,419 | 2.6% | 28,413 | 21,135 | 34.4% | |||
| Ore stacked (kt) | 4,851 | 7,020 | (30.9)% | 11,888 | 12,398 | (4.1)% | |||
| Gold grade stacked (g/t) | 0.42 | 0.40 | 5.0% | 0.44 | 0.42 | 4.8% | |||
| Cost of sales (2) | $48,459 | $38,961 | 24.4% | $147,693 | $106,929 | 38.1% | |||
| Cost of sales ($/oz gold sold) (2) | $1,558 | $1,394 | 11.8% | $1,510 | $1,272 | 18.7% | |||
| Cash costs ($/oz gold sold) (3) | $1,543 | $1,381 | 11.7% | $1,443 | $1,260 | 14.5% | |||
| AISC ($/oz gold sold) (3) | $2,126 | $1,756 | 21.1% | $1,905 | $1,536 | 24.0% | |||
(1)The operating data presented for 2025 represents the period from February 28, 2025 to September 30, 2025, the period for which the Company was entitled to the economic benefits of CC&V following the acquisition.
(3)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 CC&V. 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 increased 5.9% primarily due to the timing of leach recoveries. Revenue increased by $35.0 million, or 35.6%, of which $23.7 million was due to a higher average realized gold price and $11.2 million was due to more gold ounces sold. Cost of sales increased by $9.5 million, or 24.4%, which is primarily due to more gold ounces sold and higher leaching costs as a result of increased consumables spending. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 11.8% and 11.7%, respectively, primarily due to more waste tonnes mined, fewer gold ounces stacked and higher leaching costs. AISC per ounce of gold sold increased 21.1% due to higher cash costs per ounce and higher sustaining capital expenditures related to spend on asset components and the purchase of a production drill.
Gold production increased 14.6% primarily due to the inclusion of production for the entire nine month period in 2026 compared to 2025. Revenue increased by $165.7 million, or 58.5%, of which $113.8 million was due to a higher average realized gold price and $51.8 million was due to more gold ounces sold. Cost of sales increased by $40.8 million, or 38.1%, primarily due to a full nine months of production in 2026 compared to 2025. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 18.7% and 14.5%, respectively, primarily due to increased labor costs, consumables and reagents, and parts and supplies. AISC per ounce of gold sold increased by 24.0% primarily due to higher cash costs per ounce of gold sold and higher sustaining capital expenditures related to spend on asset components, the purchase of a production drill and land purchases.
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