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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Marigold, USA
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|---|
| Operating Data | 2026 | 2025 | Change (%) | 2026 | 2025 | Change (%) |
| Gold produced (oz) | 29,135 | 36,273 | (19.7)% | 97,925 | 110,765 | (11.6)% |
| Gold sold (oz) | 29,728 | 37,318 | (20.3)% | 98,957 | 113,315 | (12.7)% |
| Average realized gold price ($/oz sold) | $4,248 | $3,502 | 21.3% | $4,458 | $3,235 | 37.8% |
| Ore mined (kt) | 3,604 | 3,379 | 6.7% | 12,875 | 12,160 | 5.9% |
| Waste removed (kt) | 18,113 | 20,112 | (9.9)% | 54,663 | 61,479 | (11.1)% |
| Total material mined (kt) | 21,717 | 23,491 | (7.6)% | 67,538 | 73,639 | (8.3)% |
| Ore stacked (kt) | 3,604 | 3,379 | 6.7% | 12,875 | 12,161 | 5.9% |
| Gold grade stacked (g/t) | 0.41 | 0.35 | 17.1% | 0.31 | 0.42 | (26.2)% |
| Cost of sales (1) | $59,026 | $62,436 | (5.5)% | $189,503 | $177,538 | 6.7% |
| Cost of sales ($/oz gold sold) (1) | $1,986 | $1,673 | 18.7% | $1,915 | $1,567 | 22.2% |
| Cash costs ($/oz gold sold) (2) | $1,986 | $1,673 | 18.7% | $1,915 | $1,568 | 22.1% |
| AISC ($/oz gold sold) (2) | $2,714 | $1,840 | 47.5% | $2,674 | $1,856 | 44.1% |
(2)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 Marigold. 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 decreased 19.7% primarily due to the timing of leach recoveries. Revenue decreased by $4.3 million, or 3.3%, of which $26.5 million was due to fewer gold ounces sold, partially offset by $22.2 million due to a higher average realized gold price. Cost of sales decreased by $3.4 million, or 5.5%, primarily due to fewer ounces of gold sold as a result of leach curve timing. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 18.7% and 18.7%, respectively, due to higher surface mining costs as a result of increased spending on parts and labor maintenance costs and higher leaching costs as a result of increased consumables spending. AISC per ounce of gold sold increased 47.5% due to higher cash costs per gold ounce sold and higher sustaining capital expenditures related to infrastructure project spend, the purchase of three bulldozers and asset components in 2026.
Gold production decreased 11.6% due to lower gold grade stacked, partially offset by more tonnes stacked. Revenue increased by $74.7 million, or 20.4%, of which $121.1 million was due to a higher average realized gold price, partially offset by $46.4 million due to fewer gold ounces sold. Cost of sales increased by $12.0 million, or 6.7%, primarily due to higher surface mining costs as a result of increased spending on parts and labor maintenance costs, and increased royalty expense resulting from higher realized gold prices during 2026. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 22.2% and 22.1%, respectively, due to higher cost of sales and fewer gold ounces sold as a result of lower gold grade stacked. AISC per ounce of gold sold increased 44.1% due to higher cash costs per ounce of gold sold and higher sustaining capital expenditures related to infrastructure project spend and the purchase of four bulldozers, one haul truck and asset components in 2026.
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