SSR MINING INC.

This MD&A is based on the Company's Condensed Consolidated Financial Statements, which have been prepared in conformity with US GAAP. The preparation of these statements requires that the Company makes estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. The Company bases these estimates on historical experience and on assumptions that the Company considers reasonable under the circumstances; however, reported results could differ from those based on the current estimates under different assumptions or conditions. Refer to the Company’s Management’s Discussion and Analysis of Critical Accounting Estimates included in Part II of Form 10-K. There have been no changes to our critical accounting estimates from those disclosed on our Form 10-K, except as noted below.

Royalty interests in mineral properties and related depletion

Royalty interests are depleted using the unit of production method over the estimated life of the related mineral property as royalty payments are recognized. Depletion is based on proven and probable mineral reserves provided by the property operator. Development stage mineral properties are not depleted until production commences. Exploration stage mineral properties without proven and probable mineral reserves are not depleted. Upon the conversion of exploration stage mineral interests to proven and probable mineral reserves, the mineral property is reclassified as a development stage mineral property.