SSR MINING INC.

17. DEBT

The following tables summarize the Company’s debt balances (in thousands):

(1)As of September 30, 2026, and December 31, 2025, amount is net of discount and debt issuance costs ofnil and $0.4 million, respectively.

Convertible debt

2019 Notes

During the first quarter of 2026, following the issuance by the Company of a notice of redemption on February 18, 2026, to the holders of the 2019 Notes, the majority of all such holders exercised their conversion rights and elected to convert their holdings to common shares. The conversion occurred pursuant to the terms of the 2019 Notes agreement whereby the holders had the option to convert the 2019 Notes to common shares at any time prior to maturity on April 1, 2039. An aggregate principal amount of $229.8 million was converted to 13.1 million shares during the first quarter of 2026. Upon the conversion, the Company paid cash in lieu of fractional shares and interest of $2.6 million. On March 20, 2026, the Company redeemed the remaining unconverted principal amount of the 2019 Notes for $0.2 million in cash. The Company’s redemption was pursuant to the terms of the 2019 Notes agreement, which permitted the redemption of the 2019 Notes when the Company’s share price exceeded 130.0% of the conversion price for 20 or more days in a period of 30 consecutive trading days. The Company has been discharged of all debt obligations associated with the 2019 Notes.

Credit Agreement

On July 31, 2026, the Company entered into an amendment of its existing revolving credit facility (“Second Amended and Restated Credit Agreement”). The amendment, among other things, (i) extends the maturity date to July 31, 2030, (ii) increases the revolving credit facility to $600.0 million, (iii) removes the additional accordion feature, (iv) bears interest at Secured Overnight Financing Rate (“SOFR”) plus an applicable margin ranging from 1.75% to 2.50%, and (v) revises certain financial covenants. During the three and nine months ended September 30, 2026, the Company recognized interest expense of $0.5 million. No interest expense was recognized for the three and nine months ended September 30, 2025.

As of September 30, 2026, the Company was in compliance with its covenants.