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
Extracted filing text, with the paragraph anchors used by the comparison.
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Seabee, Canada
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|---|
| Operating Data | 2026 | 2025 | Change (%) | 2026 | 2025 | Change (%) |
| Gold produced (oz) | 15,949 | 9,118 | 74.9% | 39,052 | 46,117 | (15.3)% |
| Gold sold (oz) | 16,100 | 9,000 | 78.9% | 37,937 | 45,350 | (16.3)% |
| Average realized gold price ($/oz sold) | $4,201 | $3,503 | 19.9% | $4,253 | $3,138 | 35.5% |
| Ore mined (kt) | 96 | 85 | 12.9% | 283 | 233 | 21.5% |
| Ore milled (kt) | 76 | 83 | (8.4)% | 264 | 241 | 9.5% |
| Gold mill feed grade (g/t) | 6.72 | 3.46 | 94.2% | 4.90 | 6.04 | (18.9)% |
| Gold recovery (%) | 96.5 | 95.1 | 1.5% | 96.0 | 96.7 | (0.7)% |
| Cost of sales (1) | $24,266 | $19,661 | 23.4% | $72,527 | $61,265 | 18.4% |
| Cost of sales ($/oz gold sold) (1) | $1,507 | $2,185 | (31.0)% | $1,912 | $1,351 | 41.5% |
| Cash costs ($/oz gold sold) (2) | $1,508 | $2,184 | (31.0)% | $1,913 | $1,351 | 41.6% |
| AISC ($/oz gold sold) (2) | $2,094 | $3,003 | (30.3)% | $2,844 | $2,002 | 42.1% |
(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 Seabee. 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 74.9% primarily due to higher gold mill feed grade, partially offset by lower mill throughput due to a planned maintenance shutdown that was deferred from the second quarter of 2026. Revenue increased by $36.1 million, or 114.5%, of which $24.9 million was due to more gold ounces sold and $11.2 million was due to higher average realized gold price. Cost of sales increased by $4.6 million, or 23.4%, due to higher gold ounces sold as a result of higher mill feed grade. Cost of sales per ounce of gold sold, cash costs per ounce of gold sold, and AISC per ounce of gold sold decreased by 31.0%, 31.0% and 30.3%, respectively, due to higher gold ounces sold, partially offset by higher mining and milling costs.
Gold production decreased 15.3% primarily due to lower gold mill feed grade. Revenue increased by $19.0 million, or 13.4%, of which $42.3 million due to a higher average realized gold price, partially offset by $23.3 million due to fewer gold ounces sold. Cost of sales increased by $11.3 million, or 18.4%, due to higher labor and supplies costs. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 41.5% and 41.6%, respectively, due to higher cost of sales and fewer gold ounces sold. AISC per ounce of gold sold increased 42.1% primarily due to higher cash cost per ounce of gold sold and an increase in sustaining capitalized underground development costs and higher sustaining capital expenditures related to the purchase of four haul trucks in 2026.
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