10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

  ☒   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934

For the Quarterly Period Ended March 31, 2024

or

  ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________to__________

Commission File Number: 001-35455

SSR MINING INC.

(Exact name of registrant as specified in its charter)

British Columbia (State or Other Jurisdiction of Incorporation or Organization)	98-0211014 (I.R.S. Employer Identification No.)
Suite 1300 - 6900 E. Layton Ave, Denver, Colorado, 80237

(Address of Principal Executive Offices)

Registrant’s telephone number, including area code (303) 292-1299

Securities registered pursuant to Section 12(b) of the Act.

Title of each class	Trading symbol	Name of each exchange on which registered
Common shares without par value	SSRM	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     ☒ Yes     ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).     ☒ Yes     ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12-b2 of the Exchange Act.

Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12-b2 of the Exchange Act).     ☐ Yes    ☒ No

There were 202,089,818 common shares outstanding on March 31, 2024.

TABLE OF CONTENTS

	Page
PART I - FINANCIAL INFORMATION
FORWARD-LOOKING STATEMENTS	2
ÇÖPLER INCIDENT AND FIRST QUARTER 2024 SUMMARY	3
ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	5
Condensed Consolidated Statements of Operations (unaudited)	6
Condensed Consolidated Statements of Cash Flows (unaudited)	7
Condensed Consolidated Balance Sheets (unaudited)	8
Condensed Consolidated Statements of Changes in Equity (unaudited)	9
Notes to Condensed Consolidated Financial Statements (unaudited)	11
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	27
Business Overview	27
Consolidated Results of Operations	27
Results of Operations	31
Liquidity and Capital Resources	35
Non-GAAP Financial Measures	38
Critical Accounting Estimates	43
New Accounting Pronouncements	43
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	44
ITEM 4. CONTROLS AND PROCEDURES	44
PART II - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS	44
ITEM 1A. RISK FACTORS	45
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	45
ITEM 3. DEFAULTS UPON SENIOR SECURITIES	45
ITEM 4. MINE SAFETY DISCLOSURES	45
ITEM 5. OTHER INFORMATION	46
ITEM 6. EXHIBITS, FINANCIAL STATEMENT SCHEDULES	47
SIGNATURES	48

1

FORWARD-LOOKING STATEMENTS

Certain statements contained in this report (including information incorporated by reference herein) are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are intended to be covered by the safe harbor provided for under these sections. Forward looking statements can be identified with words such as “may,” “will,” “could,” “should,” “expect,” “plan,” “anticipate,” “believe,” “intend,” “estimate,” “projects,” “predict,” “potential,” “continue” and similar expressions, as well as statements written in the future tense. When made, forward-looking statements are based on information known to management at such time and/or management’s good faith belief with respect to future events. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the Company's forward-looking statements. Many of these factors are beyond the Company's ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on forward-looking statements.

Forward-looking statements include, without limitation, the types of statements listed under the heading “Forward-Looking Statements” in Part I, Item 1. Business of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (“SEC”) on February 27, 2024 (“Form 10-K”).

The forward-looking information and statements in this report are based on a number of material factors and assumptions, including, but not limited to the factors discussed in the Form 10-K, including those discussed in the “Business,” “Risk Factors,” “Forward-Looking Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Form 10-K. Such factors are not exhaustive of the factors that may affect any of the Company’s forward-looking statements and information, and such statements and information will not be updated to reflect events or circumstances arising after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Any forward-looking statements in this Quarterly Report on Form 10-Q reflect our current views with respect to future events or to our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. These risks and uncertainties discussed herein should be read in conjunction with the factors discussed in Part II, Item 1A., “Risk Factors” hereof, and Part I, Item IA., “Risk Factors” in the Form 10-K.

2

PART I - FINANCIAL INFORMATION

Çöpler Incident

On February 13, 2024, SSR Mining Inc. and its subsidiaries (collectively, “SSR Mining,” or the “Company”) suspended all operations at its Çöpler property as a result of a significant slip on the heap leach pad (the “Çöpler Incident”).

Our primary focus at Çöpler continues to be the recovery and return of our five missing colleagues to their families. Currently, recovery efforts are targeted in the Sabırlı Valley, from which SSR Mining currently expects to complete the removal of all displaced heap leach material resulting from the Çöpler Incident into temporary storage locations by the end of the third quarter of 2024. Concurrently, containment efforts have been completed alongside the removal of the displaced material with the installation of grout curtains, coffer dams, buttresses, pumping systems and the ongoing installation of diversion channels in the Sabırlı Valley.

In parallel with the recovery and containment work, the Company is progressing a remediation plan following comprehensive consultation and evaluations with various Turkish government agencies, ministries, independent experts and external consultants. The remediation plan will be submitted for government approval in the second quarter of 2024 and will include, among other things, the construction of a permanent storage facility for the displaced heap leach material. Once constructed, the storage facility will be capable of containing the approximately 18 to 20 million tonnes of displaced material in an area referred to as the East Storage Facility. The remediation work is expected to cost between $250.0 to $300.0 million on a 100% basis, in addition to the approximately $25.0 million incurred to-date. The remediation efforts are expected to be implemented over a period of 24 to 36 months.

As part of the remediation work, the heap leach pad will be permanently closed and no further heap leach processing will take place at Çöpler. In order to restart operations, the Company will require the reinstatement of the Environmental Impact Assessment and necessary operating permits. At this time, we are not able to estimate or predict when and under what conditions we will resume operations at Çöpler.

For additional information on the Çöpler Incident, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed on February 27, 2024 and the information provided herein.

3

FIRST QUARTER 2024 SUMMARY (dollars, except per share, per ounce and per pound amounts): (1)

•Operating results: First quarter 2024 production was 101,873 gold equivalent ounces. Production from Marigold was 34,680 ounces and cost of sales of $1,331 per ounce sold and all-in sustaining costs (“AISC”) of $1,430 per ounce sold. At Seabee, production was 23,773 ounces and cost of sales of $859 per ounce sold and AISC of $1,416 per ounce sold. Puna produced 1,914,805 ounces of silver and cost of sales of $16.87 per ounce sold and AISC of $15.61 per ounce sold. An additional 21,827 ounces of gold were produced at Çöpler before the operation was suspended on February 13, 2024, following the Çöpler Incident.

•Financial results: Attributable net loss in the first quarter of 2024 was $287.1 million, or $1.42 per diluted share, inclusive of the impairment of long-lived and other assets at Çöpler of $114.2 million and estimated future reclamation and remediation costs of approximately $250.0 million related to the Çöpler Incident, which represents the low end of the estimated preliminary cost range of $250.0 to $300.0 million. Adjusted attributable net income in the first quarter of 2024 was $22.5 million, or $0.11 per diluted share. In the first quarter of 2024, operating cash flow was $24.6 million and free cash flow was $(9.4) million.

•Cash and liquidity position: As of March 31, 2024, SSR Mining had a cash and cash equivalent balance of $467.0 million. In addition, at the end of the first quarter 2024, the Company had available borrowings of $399.1 million under its revolving credit facility. As of March 31, 2024, the Company had no borrowings, exclusive of de minimus letters of credit, outstanding under the revolving credit facility and was in compliance with its covenants.

(1) AISC, free cash flow, adjusted attributable net income (loss), and adjusted attributable net income (loss) per diluted share are non-GAAP financial measures. For explanations of these measures and reconciliations to the most comparable financial measure calculated under U.S. GAAP, please see the discussion under "Non-GAAP Financial Measures" in Part I, Item 2, Management’s Discussion and Analysis herein.

4

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

5

SSR Mining Inc.

Condensed Consolidated Statements of Operations

(unaudited, in thousands except per share)

	Three Months Ended March 31,
	2024		2023
Revenue	$	230,234	$	314,614
Operating costs and expenses:
Cost of sales (1)		125,901		199,297
Depreciation, depletion, and amortization		38,398		47,095
General and administrative expense		12,861		18,541
Exploration and evaluation		10,231		10,525
Reclamation and remediation costs		275,318		2,173
Impairment charges		114,230		—
Care and maintenance		14,409		—
Other operating expenses, net		15,310		(2)
Operating income (loss)		(376,424)		36,985
Other income (expense):
Interest expense		(4,655)		(5,060)
Other income (expense)		3,767		13,052
Foreign exchange gain (loss)		(913)		(13,185)
Total other income (expense)		(1,801)		(5,193)
Income (loss) before income and mining taxes		(378,225)		31,792
Income and mining tax benefit (expense)		20,237		(2,788)
Equity income (loss) of affiliates		(174)		—
Net income (loss)		(358,162)		29,004
Net loss (income) attributable to non-controlling interest		71,080		809
Net income (loss) attributable to SSR Mining shareholders	$	(287,082)	$	29,813
Net income (loss) per share attributable to SSR Mining shareholders
Basic	$	(1.42)	$	0.14
Diluted	$	(1.42)	$	0.14

(1) Excludes depreciation, depletion, and amortization.

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.    

6

SSR Mining Inc.

Condensed Consolidated Statements of Cash Flows

(unaudited, in thousands)

	Three Months Ended March 31,
	2024		2023
Operating activities
Net income (loss)	$	(358,162)	$	29,004
Adjustments for:
Depreciation, depletion, and amortization		38,398		47,095
Reclamation and remediation costs		252,851		2,173
Deferred income taxes		(22,817)		(1,977)
Stock-based compensation		(3,942)		2,047
Equity (income) loss of affiliates		174		—
Change in fair value of marketable securities		(2,817)		(1,866)
Non-cash fair value adjustment on acquired inventories		2,830		3,623
Loss (gain) on sale of mineral properties, plant and equipment		657		240
Impairment charges		114,230		—
Change in fair value of deferred consideration		(630)		2,085
Loss (gain) on foreign exchange		3,528		8,210
Non-cash care and maintenance		6,731		—
Other operating activities		1,226		235
Net change in operating assets and liabilities		(7,626)		(87,902)
Net cash provided by operating activities		24,631		2,967
Investing activities
Additions to mineral properties, plant and equipment		(34,035)		(59,242)
Purchases of marketable securities		(6,338)		(484)
Net proceeds from sale of marketable securities		3,717		7,845
Contributions to equity method investments		(122)		—
Net cash used in investing activities		(36,778)		(51,881)
Financing activities
Repayment of debt, principal		—		(17,802)
Repurchase of common shares		(9,825)		(5,197)
Proceeds from exercise of stock options		—		208
Principal payments on finance leases		(995)		(950)
Dividends paid		—		(14,448)
Net cash used in financing activities		(10,820)		(38,189)
Effect of foreign exchange rate changes on cash and cash equivalents		(2,415)		(6,191)
Net increase (decrease) in cash, cash equivalents, and restricted cash		(25,382)		(93,294)
Cash, cash equivalents, and restricted cash beginning of period		492,494		689,106
Cash, cash equivalents, and restricted cash end of period	$	467,112	$	595,812
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$	467,010	$	561,783
Restricted cash		102		34,029
Total cash, cash equivalents, and restricted cash	$	467,112	$	595,812

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.    

7

SSR Mining Inc.

Condensed Consolidated Balance Sheets

(unaudited, in thousands)

	March 31, 2024		December 31, 2023
ASSETS
Cash and cash equivalents	$	467,010	$	492,393
Marketable securities		24,985		20,944
Trade and other receivables		103,759		142,180
Inventories		465,109		515,143
Restricted cash		102		101
Prepaids and other current assets		20,905		25,715
Total current assets		1,081,870		1,196,476
Mineral properties, plant and equipment, net		3,824,778		3,872,886
Inventories		238,954		219,808
Equity method investments		1,045		127
Deferred income tax assets		27,319		22,307
Other non-current assets		77,816		74,169
Total assets	$	5,251,782	$	5,385,773
LIABILITIES
Accounts payable	$	30,567	$	37,095
Accrued liabilities and other		130,816		124,639
Reclamation and remediation liabilities		185,797		3,364
Finance lease liabilities		4,633		4,555
Current portion of debt		955		920
Total current liabilities		352,768		170,573
Debt		227,777		227,516
Finance lease liabilities		85,000		86,141
Reclamation and remediation liabilities		240,498		170,455
Deferred income tax liabilities		346,047		363,852
Other non-current liabilities		60,864		63,033
Total liabilities		1,312,954		1,081,570
EQUITY
Common shares – unlimited authorized common shares with no par value; 202,090 and 202,952 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively		2,991,225		3,005,015
Retained earnings (deficit)		87,560		368,065
SSR Mining’s shareholders’ equity		3,078,785		3,373,080
Non-controlling interest		860,043		931,123
Total equity		3,938,828		4,304,203
Total liabilities and equity	$	5,251,782	$	5,385,773

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.

8

SSR Mining Inc.

Condensed Consolidated Statement of Changes in Equity

(unaudited, in thousands)

	Common shares
	Number of shares	Amount		Retained earnings (accumulated deficit)		Total equity attributable to SSR Mining shareholders		Non-controlling interest		Total equity
Balance as of December 31, 2023	202,952	$	3,005,015	$	368,065	$	3,373,080	$	931,123	$	4,304,203
Repurchase of common shares	(1,117)		(16,402)		6,577		(9,825)		—		(9,825)
Settlement of restricted share units (RSUs)	255		—		—		—		—		—
Equity-settled stock-based compensation	—		2,612		—		2,612		—		2,612
Net income (loss)	—		—		(287,082)		(287,082)		(71,080)		(358,162)
Balance as of March 31, 2024	202,090	$	2,991,225	$	87,560	$	3,078,785	$	860,043	$	3,938,828

9

SSR Mining Inc.

Condensed Consolidated Statement of Changes in Equity

(unaudited, in thousands)

	Common shares
	Number of shares	Amount		Retained earnings (accumulated deficit)		Total equity attributable to SSR Mining shareholders		Non-controlling interest		Total equity
Balance as of December 31, 2022	206,653	$	3,057,920	$	521,817	$	3,579,737	$	546,462	$	4,126,199
Repurchase of common shares	(348)		(5,111)		(86)		(5,197)		—		(5,197)
Exercise of stock options	17		216		—		216		—		216
Settlement of RSUs	198		—		—		—		—		—
Equity-settled stock-based compensation	—		2,037		—		2,037		—		2,037
Dividends paid to SSR Mining shareholders	—		—		(14,448)		(14,448)		—		(14,448)
Net income (loss)	—		—		29,813		29,813		(809)		29,004
Balance as of March 31, 2023	206,520	$	3,055,062	$	537,096	$	3,592,158	$	545,653	$	4,137,811

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.    

10

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

1.THE COMPANY

SSR Mining Inc. and its subsidiaries (collectively, “SSR Mining” or the “Company”) is a precious metals mining company with four producing assets located in the United States, Türkiye, Canada and Argentina. The Company is principally engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Türkiye and the Americas. The Company produces gold doré as well as copper, silver, lead and zinc concentrates. The Company’s properties include Çöpler Gold Mine (“Çöpler”) in Erzincan, Türkiye, Marigold mine (“Marigold”) in Nevada, USA, Seabee Gold Operation (“Seabee”) in Saskatchewan, Canada, and Puna Operations (“Puna”) in Jujuy, Argentina. The Company also has development projects that it seeks to advance, as market and project conditions permit.

SSR Mining is incorporated under the laws of the Province of British Columbia, Canada. The Company's common shares are listed on the Toronto Stock Exchange (“TSX”) in Canada and the Nasdaq Global Select Market (“Nasdaq”) in the U.S. under the symbol “SSRM” and the Australian Securities Exchange (“ASX”) in Australia under the symbol “SSR.”

On February 13, 2024, the Company suspended all operations at Çöpler as a result of a significant slip on the heap leach pad (the “Çöpler Incident”). See Note 3 for further details.

2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Risks and Uncertainties

As a mining company, the revenue, profitability and future rate of growth of the Company are substantially dependent on the prevailing prices for gold, silver, lead and zinc. The prices of these metals are volatile and affected by many factors beyond the Company’s control, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital and the quantities of reserves that the Company can economically produce. The carrying value of the Company’s Mineral properties, plant and equipment; Inventories; and Deferred income tax assets are sensitive to the outlook for commodity prices. A decline in the Company’s price outlook could result in material impairment charges related to these assets. In addition, the Company maintains cash balances at banking institutions in various jurisdictions which may or may not have deposit insurance. The Company mitigates potential cash risk by maintaining bank accounts with credit-worthy financial institutions. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company's financial condition, results of operations, and cash flows.

The Company's business may be impacted by adverse macroeconomic and geopolitical conditions. These conditions include inflation, interest rate and foreign currency fluctuations and slowdown of economic activity around the world. The Company maintains its cash and cash equivalents primarily in United States dollars (“USD”). Any fluctuation in the exchange rate of the Turkish Lira (“TRY”), Canadian Dollar (“CAD”), Argentine Peso (“ARS”), or the currency of any other country in which the Company operates, against the USD could result in a loss on the Company’s books to the extent the Company holds funds or net monetary or non-monetary assets denominated in those currencies, and any fluctuations of currency prices generally may result in volatility. Certain of the Company's operations are located in countries that have in the past and are currently experiencing high rates of inflation. It is possible that in the future, high inflation in the countries in which we operate may result in an increase in operational costs in local currencies (without a concurrent devaluation of the local currency of operations against the dollar or an increase in the dollar price of gold, silver, copper, zinc or lead). Maintaining operating costs in currencies subject to significant inflation could expose us to risks relating to devaluation and high domestic inflation.

The Company's business may also be impacted by physical risks that can impact each of its properties, such as those experienced in connection with the Çöpler Incident.

11

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

Basis of Presentation

The Condensed Consolidated Financial Statements have been prepared in accordance with the instructions to Form 10-Q and do not include all information and disclosures required by generally accepted accounting principles in the United States. Therefore, this information should be read in conjunction with SSR Mining Inc.’s Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed on February 27, 2024. The information furnished herein reflects all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the interim periods reported. All such adjustments are, in the opinion of management, of a normal recurring nature. The results for the three month period ended March 31, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024.

Recently Issued Accounting Pronouncements

In March 2024, the U.S. Securities and Exchange Commission (“SEC”) issued Final Rule 33-11275 "The Enhancement and Standardization of Climate-Related Disclosures for Investors" (“Final Rule”). The Final Rule requires disclosures regarding information about a registrant's climate-related risks that have a material impact on, or are reasonably likely to have a material impact on, its business strategy, results of operations, or financial condition. In addition, certain disclosures related to capitalized costs, expenditures, and losses incurred as a result of severe weather events and other natural conditions will be required to be disclosed in the footnotes to the audited financial statements. The Final Rule is effective for the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025. On April 4, 2024, the SEC stayed the rules pending the resolution of certain legal challenges. The Company is currently evaluating the impact on the consolidated financial statements.

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” ASU 2023-09 enhances the transparency and decision usefulness of income tax disclosures through changes to the rate reconciliation and income taxes paid information. The standard is effective beginning with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and subsequent interim periods, with early adoption permitted. The Company is currently evaluating the impact on the consolidated financial statements.

In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” ASU 2023-07 expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss and interim disclosures of a reportable segment’s profit or loss and assets. The standard is effective for the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and subsequent interim periods, with early adoption permitted. The Company does not expect the adoption to have a material impact on the consolidated financial statements or disclosures.

3.ÇÖPLER INCIDENT

On February 13, 2024, the Company suspended all operations at Çöpler as a result of the Çöpler Incident. The Company is not, at this time, able to estimate or predict when and under what conditions it will resume operations at Çöpler. During the suspension, Care and maintenance was recorded in the Statements of Operations which represents direct costs of $7.7 million and depreciation of $6.7 million.

12

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

Financial impacts of the Çöpler Incident

Statement of Operations

	Three Months Ended March 31,
	2024
Reclamation and remediation costs
Incurred remediation costs (1)	$	(22,466)
Estimated future reclamation and remediation costs		(250,437)
		(272,903)
Impairment charges
Leach pad inventory		(76,023)
Mineral properties, plant and equipment, net		(38,207)
		(114,230)
Contingencies and other legal matters		(15,310)
Total operating loss	$	(402,443)

(1)Represents cash outflows included in Reclamation and remediation costs in the Condensed Consolidated Statements of Operations.

Balance Sheet

	March 31, 2024
	Current		Non-current		Total
Liabilities
Reclamation and remediation liabilities	$	182,625	$	67,812	$	250,437
Accrued liabilities and other		15,310		—		15,310
Total liabilities	$	197,935	$	67,812	$	265,747

Remediation and reclamation liabilities

The Company estimated a preliminary cost range of $250.0 to $300.0 million for future reclamation and remediation costs related to the Çöpler Incident. The Company accrued approximately $250.0 million, which represents the low end of the estimated cost range.

Reclamation

During the three months ended March 31, 2024, the Company recorded an $11.2 million revision to the reclamation liability to reflect changes in the timing and extent of the closure of the heap leach pad as a result of the Çöpler Incident. The revision was recorded in Reclamation and remediation costs in the Condensed Consolidated Statements of Operations.

13

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

Remediation

During the three months ended March 31, 2024, the Company recorded a remediation liability of $261.7 million as a result of the Çöpler Incident. The remediation activities include movement of the debris out of the Sabırlı Valley and Manganese pit, sloping and stabilization of the heap leach pad in preparation for permanent closure, construction of a permanent storage facility for the debris, and management of surface and ground water in the Sabırlı Valley. The Company incurred $22.5 million of remediation costs during the first quarter of 2024 in connection with the Çöpler Incident. The costs incurred and the remediation liability were recorded in Reclamation and remediation costs in the Condensed Consolidated Statements of Operations. As of March 31, 2024, the remediation liability of $239.2 million consists of $178.5 million classified as current and $60.7 million classified as non-current.

Impairment charges

As a result of the Çöpler Incident, the Company plans to permanently close the heap leach pad; therefore, the Company fully impaired the heap leach pad inventory and related heap leach pad processing facilities. Accordingly, during the three months ended March 31, 2024, the Company recorded non-cash impairment charges of $76.0 million related to Inventories and $38.2 million related to Mineral properties, plant and equipment, net, for a total non-cash impairment charge of $114.2 million. No impairment charges were recognized for the three months ended March 31, 2023.

Contingencies and other legal matters

The Company may be subject to additional legal costs and expenses due to the Çöpler Incident. As of March 31, 2024, the Company has recorded $15.3 million of contingencies related to the Çöpler Incident in Other operating expenses, net in the Condensed Consolidated Statements of Operations and Accrued liabilities and other in the Condensed Consolidated Balance Sheets. See Note 18 for additional information.

14

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

4.OPERATING SEGMENTS

The Company currently has four producing mines which represent the Company’s reportable and operating segments. The results of operating segments are reviewed by management to make decisions about resources to be allocated to the segments and to assess their performance. All operations at Çöpler ceased on February 13, 2024, following the Çöpler Incident.

The following tables provide a summary of financial information related to the Company's segments (in thousands):

	Three Months Ended March 31, 2024
	Çöpler		Marigold		Seabee		Puna		Segment Total			Corporate and other (1)	Consolidated
Revenue	$	48,571	$	76,685	$	59,128	$	45,850	$	230,234	$	—	$	230,234
Cost of sales (2)	$	24,423	$	49,071	$	24,433	$	27,974	$	125,901	$	—	$	125,901
Depreciation, depletion, and amortization	$	9,831	$	7,439	$	15,213	$	5,915	$	38,398	$	—	$	38,398
Exploration and evaluation	$	774	$	4,095	$	3,546	$	335	$	8,750	$	1,481	$	10,231
Care and maintenance expenses (3)	$	14,409	$	—	$	—	$	—	$	14,409	$	—	$	14,409
Operating income (loss)	$	(403,803)	$	15,356	$	15,602	$	10,763	$	(362,082)	$	(14,342)	$	(376,424)
Capital expenditures	$	6,541	$	2,432	$	15,773	$	3,359	$	28,105	$	8,132	$	36,237
Total assets as of March 31, 2024	$	2,763,672	$	793,179	$	491,153	$	287,833	$	4,335,837	$	915,945	$	5,251,782

(1)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes.

(2)Excludes depreciation, depletion, and amortization.

(3)Care and maintenance expense represents direct costs not associated with the environmental reclamation and remediation costs of $7.7 million and depreciation of $6.7 million during the suspension of operations at Çöpler starting in the first quarter of 2024.

15

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

	Three Months Ended March 31, 2023
	Çöpler		Marigold		Seabee		Puna		Segment Total		Corporate and other (1)		Consolidated
Revenue	$	110,513	$	98,168	$	32,093	$	73,840	$	314,614	$	—	$	314,614
Cost of sales (2)	$	74,646	$	54,541	$	23,265	$	46,845	$	199,297	$	—	$	199,297
Depreciation, depletion, and amortization	$	22,651	$	8,574	$	8,987	$	6,883	$	47,095	$	—	$	47,095
Exploration and evaluation	$	557	$	3,077	$	3,869	$	1,072	$	8,575	$	1,950	$	10,525
Operating income (loss)	$	11,496	$	31,284	$	(4,318)	$	18,223	$	56,685	$	(19,700)	$	36,985
Capital expenditures	$	10,069	$	29,592	$	8,445	$	2,577	$	50,683	$	—	$	50,683
Total assets as of March 31, 2023	$	3,278,695	$	697,817	$	585,557	$	326,660	$	4,888,729	$	346,074	$	5,234,803

(1)Corporate and other consists of business activities that are not included within the reportable segments and provided for reconciliation purposes. During the first quarter of 2023, the Company determined it has four reportable segments: Çöpler, Marigold, Seabee and Puna. The exploration, evaluation and development properties are no longer considered a reportable segment and the portfolio of prospective exploration tenures, near or adjacent to the existing operations (near-mine) are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.

(2)Excludes depreciation, depletion, and amortization.

16

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

5.REVENUE

The following table represents revenues by product (in thousands):

	Three Months Ended March 31,
	2024		2023
Gold doré sales
Çöpler	$	48,226	$	109,646
Marigold		76,661		98,132
Seabee		59,103		32,083
Concentrate sales
Puna		48,372		66,348
Other (1)
Çöpler		345		867
Marigold		24		36
Seabee		25		10
Puna		(2,522)		7,492
Total	$	230,234	$	314,614

(1)Other revenue includes changes in the fair value of concentrate trade receivables due to changes in silver and base metal prices; and silver and copper by-product revenue arising from the production and sale of gold doré.

Revenue by metal

Revenue by metal type for the three months ended months ended March 31 are as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Gold	$	183,990	$	239,861
Silver		39,334		49,115
Lead		8,462		12,776
Zinc		576		4,457
Other (1)		(2,128)		8,405
Total	$	230,234	$	314,614

(1)Other revenue includes changes in the fair value of concentrate trade receivables due to fluctuations in silver and base metal prices; and silver and copper by-product revenue arising from the production and sale of gold doré.

Provisional metal sales

For the three months ended March 31, 2024 and 2023, the change in the fair value of the Company's embedded derivatives relating to provisional concentrate metal sales was an increase (decrease) of $(2.5) million and $7.5 million, respectively. The changes in fair value have been recorded in Revenue.

At March 31, 2024, the Company had silver sales of 4.5 million ounces at an average price of $23.57 per ounce, lead sales of 21.81 million pounds at an average price of $0.95 per pound, and zinc sales of 2.5 million pounds at an average price of $1.22 per pound, subject to normal course final pricing over the next several months.

17

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

6.INCOME AND MINING TAXES

The Company’s consolidated effective income tax rate was 5.4% for the first three months of 2024 compared to 8.8% for the first three months of 2023. The primary drivers of the change in the effective rate were due to foreign currency fluctuations and a decline in year-to-date operating income compared to 2023.

The Company’s statutory tax rate for the period is 27.0%. The effective rate differs from the statutory rate primarily due to foreign currency fluctuations.

Unrecognized Tax Benefits

The Company records uncertain tax positions on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions meeting the “more-likely-than-not” recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50% likely to be realized upon ultimate settlement with the related tax authority.

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, inclusive of interest and penalties, is as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Balance as of January 1	$	—	$	8,574
Increase (decrease) associated with tax positions taken during a prior year (1)		—		(6,594)
Balance as of March 31 (1)	$	—	$	1,980

(1)Of the gross unrecognized tax benefits, nil were recognized as current liabilities in Condensed Consolidated Balance Sheet as of March 31, 2024.

As of March 31, 2024 and December 31, 2023, there were no unrecognized tax benefits, inclusive of interest and penalties that, if recognized, would impact the Company’s effective income tax rate. As of March 31, 2024 and December 31, 2023, there were no accrued income-tax-related interest and penalties.

On March 12, 2023, Türkiye enacted Tax Amnesty legislation, which allowed taxpayers to voluntarily pay tax on uncertain tax positions and waived assessed interest, penalties up to 50.0% of tax and risk of audit if paid in accordance with the process outlined in the legislation. As a result, during the year ended December 31, 2023, the Company released $7.2 million of tax, interest, and penalties in Income and mining tax benefit (expense) in the Condensed Consolidated Statements of Operations and paid $1.4 million in a cash tax payment in accordance with the Tax Amnesty agreement. As of March 31, 2024 and December 31, 2023, the Company no longer maintains a provision for uncertain tax positions as there are no positions that meet the criteria.

On December 20, 2023, Pillar Two minimum tax legislation was enacted in Luxembourg, a jurisdiction in which the Company operates. The legislation is effective for the Company’s financial year beginning January 1, 2024. Furthermore, Canada has Pillar Two legislation in draft form that, if enacted, would take retroactive effect from January 1, 2024. Pillar Two is a global corporate tax framework developed by the Organization for Economic Cooperation and Development (“OECD”) aimed at establishing a minimum tax floor of 15% on multinational corporate profits.

For the three months ended March 31, 2024, the Company satisfies the transitional safe harbors with respect to the legislation enacted in Luxembourg and thus has not recorded additional tax expense for Pillar Two. However, exposure may exist in other jurisdictions if legislation is enacted at the ultimate parent level in Canada. The Company continues to monitor Pillar Two exposures.

18

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

7.OTHER OPERATING EXPENSE, NET

The following table includes the components of Other operating expense, net:

	Three Months Ended March 31,
	2024		2023
Contingencies related to the Çöpler Incident	$	15,310	$	—
Other		—		(2)
Total	$	15,310	$	(2)

8.OTHER INCOME (EXPENSE)

The following table includes the components of Other income (expense):

	Three Months Ended March 31,
	2024		2023
Interest income	$	6,296	$	7,646
Gain (loss) on investments and on marketable security sales		1,177		—
Change in fair value of marketable securities		(2,817)		1,866
Gain (loss) on sale of mineral properties, plant, and equipment		—		(240)
Other		(889)		3,780
Total	$	3,767	$	13,052

9.INCOME (LOSS) PER SHARE

The Company calculates basic net income (loss) per share using, as the denominator, the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share uses, as its denominator, the weighted average number of common shares outstanding during the period plus the effect of potential dilutive shares during the period.

Potential dilutive common shares include stock options, Restricted Share Units (“RSUs”), and convertible notes for periods in which the Company has reported net income (loss).

19

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

The calculations of basic and diluted net income (loss) per share attributable to SSR Mining shareholders for the three months ended months ended March 31, 2024 and 2023 are based on the following (in thousands):

	Three Months Ended March 31,
	2024		2023
Net income (loss)	$	(358,162)	$	29,004
Net (income) loss attributable to non-controlling interest		71,080		809
Net income (loss) attributable to SSR Mining shareholders		(287,082)		29,813
Interest saving on 2019 Notes, net of tax		—		1,221
Net income (loss) used in the calculation of diluted net income per share	$	(287,082)	$	31,034
Weighted average number of common shares issued		202,355		206,778
Adjustments for dilutive instruments:
Restricted share units		—		14
2019 Notes		—		12,611
Diluted weighted average number of shares outstanding		202,355		219,403
Net income (loss) per share attributable to SSR Mining shareholders
Basic	$	(1.42)	$	0.14
Diluted	$	(1.42)	$	0.14

For the three months ended March 31, 2024, $1.2 million of interest saving on convertible notes, net of tax, and 12,921 shares were excluded from the diluted income per common share calculation because the Company incurred a net loss and the effect would be antidilutive.

10.FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS

Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2 - Quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, quoted prices or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability and model-based valuation techniques (e.g. the Black-Scholes model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and

Level 3 - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

20

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The following tables set forth the Company’s assets and liabilities measured at fair value on a recurring (at least annually) and nonrecurring basis by level within the fair value hierarchy (in thousands):

	Fair value at March 31, 2024
	Level 1 (1)		Level 2 (2)		Level 3		Total
Assets:
Cash	$	467,010	$	—	$	—	$	467,010
Restricted cash		102		—		—		102
Marketable securities		33,017		—		—		33,017
Trade receivables from provisional sales, net		—		55,220		—		55,220
Deferred consideration		—		—		21,843		21,843
	$	500,129	$	55,220	$	21,843	$	577,192
Liabilities:
Contingent consideration	$	—	$	—	$	28,986	$	28,986
Option liability - EMX shares (3)		—		2,194		—		2,194
	$	—	$	2,194	$	28,986	$	31,180

	Fair value at December 31, 2023
	Level 1 (1)		Level 2 (2)		Level 3		Total
Assets:
Cash	$	492,393	$	—	$	—	$	492,393
Restricted cash		101		—		—		101
Marketable securities		28,351		—		—		28,351
Trade receivables from provisional sales, net		—		86,897		—		86,897
Deferred consideration		—		—		21,213		21,213
	$	520,845	$	86,897	$	21,213	$	628,955
Liabilities:
Contingent consideration	$	—	$	—	$	29,648	$	29,648
Option liability - EMX shares (3)		—		1,431		—		1,431
	$	—	$	1,431	$	29,648	$	31,079

(1)Marketable securities of publicly quoted companies, consisting of investments, are valued using a market approach based upon unadjusted quoted prices in an active market obtained from securities exchanges.  

(2)The Company’s provisional metal sales contracts, included in Trade and other receivables in the Consolidated Balance Sheets, are valued using inputs derived from observable market data, including quoted commodity forward prices. The inputs do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy.

(3)The fair value of the option liability, which represents the option of the holder to acquire an EMX common share from SSR, was determined using the Black-Scholes model. The inputs to the Black-Scholes model included the EMX stock price of CAD $2.34 per share, exercise price of CAD $2.27 per unit, one-year maturity, one-year risk-free rate of 5.0%, and annualized volatility of 34.9%.

21

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

Deferred and contingent consideration are included in Level 3 as certain assumptions used in the calculation of the fair value are not based on observable market data. The following table reconciles the beginning and ending balances for financial instruments that are recognized at fair value using significant unobservable inputs (Level 3) in the consolidated financial statements (in thousands):

	Three Months Ended March 31,
	2024		2023
Deferred consideration assets:
Balance as of January 1	$	21,213	$	24,369
Revaluations		630		(2,085)
Balance as of March 31	$	21,843	$	22,284

	Three Months Ended March 31,
	2024		2023
Contingent consideration liabilities:
Balance as of January 1	$	29,648	$	—
Revaluations		(662)		—
Balance as of March 31	$	28,986	$	—

Fair values of financial assets and liabilities not already measured at fair value

The fair value of the 2019 Notes as compared to the carrying amounts were as follows (in thousands): 

		March 31, 2024				December 31, 2023
	Level	Carrying amount		Fair value		Carrying amount		Fair value
2019 Notes (1)	1	$	227,777	$	205,275	$	227,516	$	216,545

(1)The fair value disclosed for the Company's 2019 Notes is included in Level 1 as the basis of valuation uses a quoted price in an active market.

11.TRADE AND OTHER RECEIVABLES

Trade and other receivables was composed of the following (in thousands):

	March 31, 2024		December 31, 2023
Trade receivables	$	56,618	$	91,340
Value added tax receivables		25,788		30,554
Income tax receivable		1,866		3,172
Other taxes receivable		17,056		11,734
Other		2,431		5,380
Total	$	103,759	$	142,180

No provision for credit loss was recognized as of March 31, 2024 or December 31, 2023. All trade receivables are expected to be settled within twelve months.

22

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

12.INVENTORIES

The components of Inventories for the periods ended March 31, 2024 and December 31, 2023 are as follows (in thousands):

	March 31, 2024		December 31, 2023
Materials and supplies	$	124,181	$	104,217
Stockpiled ore		57,317		77,142
Leach pad inventory		253,121		305,271
Work-in-process		13,541		7,189
Finished goods		16,949		21,324
Total current inventories		465,109		515,143
Stockpiled ore		238,954		218,139
Materials and supplies		—		1,669
Total non-current inventories	$	238,954	$	219,808

During the three months ended March 31, 2024, following the Çöpler Incident, the Company recognized an impairment of leach pad inventory at Çöpler of $76.0 million classified as a component of Impairment charges. See Note 3 for further information relating to the impairment of inventories.

During the three months ended March 31, 2023, the Company recognized write-downs of leach pad inventory at Çöpler of $2.0 million, with $1.3 million classified as a component of Cost of sales and $0.7 million classified as a component of Depreciation, depletion and amortization in the Consolidated Statements of Operations.

13.MINERAL PROPERTIES, PLANT AND EQUIPMENT, NET

The components of Mineral properties, plant and equipment, net are as follows (in thousands):

	March 31, 2024		December 31, 2023
Plant and equipment (1)	$	1,853,060	$	1,889,634
Construction in process		92,210		86,304
Mineral properties subject to depletion		2,092,706		2,085,678
Mineral properties not yet subject to depletion		880,135		878,712
Exploration and evaluation assets		253,841		253,842
Total mineral properties, plant, and equipment		5,171,952		5,194,170
Accumulated depreciation, plant and equipment		(724,306)		(714,579)
Accumulated depletion, mineral properties		(622,868)		(606,705)
Mineral properties, plant, and equipment, net	$	3,824,778	$	3,872,886

(1)As of March 31, 2024 and December 31, 2023, plant and equipment includes finance lease right-of-use assets with a carrying amount of $83.5 million and $84.7 million, respectively.

During the three months ended March 31, 2024, the Company concluded that certain mineral properties, plant and equipment at Çöpler was impaired and recorded a non-cash impairment. See Note 3 for further details relating to impairment of mineral properties, plant and equipment. No impairment was recognized for the three months ended March 31, 2023.

23

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

14.ACCRUED LIABILITIES AND OTHER

Accrued liabilities and other are comprised of the following items (in thousands):

	March 31, 2024		December 31, 2023
Accrued liabilities	$	84,895	$	66,478
Royalties payable		21,751		28,550
Stock-based compensation liabilities		3,373		9,048
Income taxes payable		14,786		16,392
Lease liabilities		1,566		1,545
Other		4,445		2,626
Total accrued liabilities and other	$	130,816	$	124,639

15.DEBT

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

	March 31, 2024		December 31, 2023
2019 Notes (1)	$	227,777	$	227,516
Other		955		920
Total carrying amount	$	228,732	$	228,436
Current Portion	$	955	$	920
Non-Current Portion	$	227,777	$	227,516

(1)Amount is net of discount and debt issuance costs of $2.2 million and $2.5 million, respectively.

Convertible Debt

2019 Notes

On March 19, 2019, the Company issued $230.0 million of 2.50% convertible senior notes due in 2039 (the “2019 Notes”) for net proceeds of $222.9 million after payment of commissions and expenses related to the offering of $7.1 million. The 2019 Notes mature on April 1, 2039 and bear an interest rate of 2.50% per annum, payable semi-annually in arrears on April 1 and October 1 of each year. The 2019 Notes are convertible into the Company's common shares at a fixed conversion rate, subject to certain anti-dilution adjustments. In addition, if certain fundamental changes occur, holders of the 2019 Notes may be entitled to an increased conversion rate.

As a result of dividends paid in 2023 and in accordance with the 2019 Notes Agreement, during the fourth quarter of 2023 the conversion rate was adjusted to 56.7931 common shares per $1,000 principal amount of the 2019 Notes converted.

Prior to April 1, 2026, the Company may redeem all or part of the 2019 Notes for cash, but only if the last reported sales price of its common shares for 20 or more trading days in a period of 30 consecutive trading days exceeds 130% of the conversion price in effect on each such trading day. On or after April 1, 2026, the Company may redeem the 2019 Notes in full or in part, for cash.

Holders of the 2019 Notes have the right to require the Company to repurchase all or part of their 2019 Notes on April 1 of each of 2026, 2029 and 2034, or upon certain fundamental corporate changes. The repurchase price will be equal to par plus accrued and unpaid interest.

The Company does not have any financial covenants in relation to the 2019 Notes, however it does contain a cross default provision with the Second Amended Credit Agreement.

24

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

Credit Agreement

On August 15, 2023, the Company entered into a further amendment to the Amended Credit Agreement (the “Second Amended Credit Agreement”) with the Bank of Nova Scotia, as administrative agent, and along with Canadian Imperial Bank of Commerce, as co-lead arrangers and joint bookrunners, the lenders party thereto and certain subsidiary guarantors named therein. The amendment, among other things, (i) extends the maturity to August 15, 2027, (ii) increases the credit agreement to $400.0 million with an additional accordion feature of $100.0 million and (iii) modifies the reference rate from LIBOR to an adjusted SOFR plus applicable margin varying based on the Company’s consolidated leverage ratio and amounts drawn on the credit facility ranging from 2.00% to 2.75%. The adjusted SOFR includes a credit spread adjustment of 0.10% for all interest periods

As of March 31, 2024, the Company was in compliance with its covenants. As of March 31, 2024, no borrowings were outstanding on the Second Amended Credit Agreement, $399.1 million of borrowing capacity was available and outstanding letters of credit totaled $0.9 million.

16.EQUITY

Repurchase of common shares

On June 16, 2023, the Company received approval of its Normal Course Issuer Bid ("2023 NCIB") to purchase for cancellation up to 10.2 million of its common shares through the facilities of the TSX, Nasdaq or other Canadian and U.S. marketplaces over a twelve month period beginning June 20, 2023 and ending June 19, 2024. On November 27, 2023, in connection with the 2023 NCIB, the Company entered into an automatic share purchase plan with its broker to allow for the repurchase of shares at times when the Company ordinarily would not be active in the market due to regulatory restrictions and customary self-imposed blackout periods. Following the Çöpler Incident, the Company terminated the automatic share purchase plan effective March 1, 2024.

On June 19, 2023, the Normal Course Issuer Bid established as of June 20, 2022 (the “2022 NCIB”), expired. Under the 2022 NCIB, the Company was authorized to purchase for cancellation up to 10.6 million of its common shares through the facilities of the TSX, Nasdaq or other Canadian and U.S. marketplaces over a twelve month period.

During the three months ended March 31, 2024, and prior to the Çöpler Incident, the Company purchased 1,117,100 of its outstanding common shares at an average share price of $8.79 per share for total consideration of $9.8 million. All shares were cancelled upon purchase. The difference of $6.6 million reflects the difference between the total amount paid and the amount deducted from common shares of $16.4 million was recorded as an increase to retained earnings. The amount deducted from common shares was determined based on the average paid in capital per common share outstanding prior to the repurchase date.

During the three months ended March 31, 2023, the Company purchased 348,171 of its outstanding common shares at an average share price of $14.92 per share for total consideration of $5.2 million. All shares were cancelled upon purchase. During the three months ended March 31, 2023, the difference of $0.1 million between the total amount paid and the amount deducted from common shares of $5.1 million was recorded as a direct charge to retained earnings. The amount deducted from common shares was determined based on the average paid in capital per common share outstanding prior to the repurchase date.

25

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

17.SUPPLEMENTAL CASH FLOW INFORMATION

Net change in operating assets and liabilities during the three months ended March 31, 2024 and 2023 were as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Decrease (increase) in operating assets:
Trade and other receivables	$	37,794	$	(45,705)
Inventories		(47,832)		(28,019)
Other operating assets		286		(5,564)
Increase (decrease) in operating liabilities:
Accounts payable		(5,647)		1,280
Accrued liabilities		6,978		(8,423)
Reclamation and remediation liabilities		(193)		(380)
Other operating liabilities		988		(1,091)
	$	(7,626)	$	(87,902)

Other cash information during the three months ended March 31, 2024 and 2023 were as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Interest paid	$	(3,272)	$	(4,732)
Interest received	$	4,913	$	3,205
Income taxes paid	$	(1,855)	$	(15,534)

18.COMMITMENTS AND CONTINGENCIES

General

Estimated losses from loss contingencies are accrued by a charge to income when information is available prior to the issuance of the financial statements that indicates it is probable that a liability could be incurred, and the amount of the loss can by reasonably estimated. Legal expenses associated with the loss contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.

Environmental matters

The Company uses surety bonds to support certain environmental bonding obligations. As of March 31, 2024 and December 31, 2023, the Company had surety bonds totaling $142.0 million and $142.7 million outstanding, respectively.

Other Commitments and Contingencies

As of March 31, 2024, the Company has recorded $15.3 million of contingencies related to the Çöpler Incident in Other operating expenses, net in the Condensed Consolidated Statements of Operations and Accrued liabilities and other in the Condensed Consolidated Balance Sheets.

Following the Çöpler Incident, the Company has been named as a defendant in six securities class actions and is subject to various risks and contingencies arising in the normal course of business. Based on the information currently available to the Company, no liability has been recorded for these lawsuits because the Company believes that any such liability is not probable and reasonably estimable at this time. See Note 3 for further details.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following Management’s Discussion and Analysis (“MD&A”) provides information that management believes is relevant to an assessment and understanding of the consolidated financial condition and results of operations of SSR Mining Inc. and its subsidiaries (collectively, the “Company”). The Company uses certain non-GAAP financial measures in this MD&A; for a description of each of these measures, please see the discussion under "Non-GAAP Financial Measures" in Part I, Item 2, Management’s Discussion and Analysis herein.

This item should be read in conjunction with the Condensed Consolidated Financial Statements and the notes thereto included in this quarterly report. Additionally, the following discussion and analysis should be read in conjunction with the Consolidated Financial Statements, the related Management’s Discussion and Analysis of Financial Condition and Results of Operations and the discussion of Business Properties included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (“SEC”) on February 27, 2024 (“Form 10-K”).

Business Overview

SSR Mining Inc. and its subsidiaries (collectively, “SSR Mining,” or “Company”) is a precious metals mining company with four producing properties located in the United States, Türkiye, Canada and Argentina. The Company is primarily engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Türkiye and the Americas. The Company produces gold doré as well as copper, silver, lead and zinc concentrates.

Refer to the “Çöpler Incident and First Quarter 2024 Summary”, “Consolidation Results of Operations”, “Results of Operations”, “Liquidity and Capital Resources” and “Non-GAAP Financial Measures” for quarterly information for the three months ended March 31, 2024.

Consolidated Results of Operations

A summary of the Company's consolidated financial and operating results for the three months ended months ended March 31, 2024 and 2023 are presented below (in thousands):

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	Three Months Ended March 31,
	2024		2023		Change (%)
Financial Results
Revenue	$	230,234	$	314,614	(26.8)	%
Cost of sales (1)	$	125,901	$	199,297	(36.8)	%
Depreciation, depletion, and amortization	$	38,398	$	47,095	(18.5)	%
Reclamation and remediation costs	$	275,318	$	2,173	12,569.9	%
Impairment charges	$	114,230	$	—	100.0	%
Operating income	$	(376,424)	$	36,985	(1,117.8)	%
Net income (loss)	$	(358,162)	$	29,004	(1,334.9)	%
Net income (loss) attributable to SSR Mining shareholders	$	(287,082)	$	29,813	(1,062.9)	%
Basic net income (loss) per share attributable to SSR Mining shareholders	$	(1.42)	$	0.14	(1,114.3)	%
Adjusted attributable net income (loss) (2)	$	22,510	$	21,274	5.8	%
Adjusted basic attributable net income (loss) per share (2)	$	0.11	$	0.10	10.0	%
Adjusted diluted attributable net income (loss) per share (2)	$	0.11	$	0.10	10.0	%
Operating Results
Gold produced (oz)		80,280		122,821	(34.6)	%
Gold sold (oz)		89,279		126,111	(29.2)	%
Silver produced ('000 oz)		1,915		2,015	(5.0)	%
Silver sold ('000 oz)		1,659		2,382	(30.4)	%
Lead produced ('000 lb) (3)		9,998		11,361	(12.0)	%
Lead sold ('000 lb) (3)		8,666		13,370	(35.2)	%
Zinc produced ('000 lb) (3)		1,217		2,480	(50.9)	%
Zinc sold ('000 lb) (3)		510		3,687	(86.2)	%
Gold equivalent produced (oz) (4)		101,873		146,894	(30.6)	%
Gold equivalent sold (oz) (4)		107,983		154,557	(30.1)	%
Average realized gold price ($/oz sold)	$	2,061	$	1,902	8.4	%
Average realized silver price ($/oz sold)	$	22.18	$	23.38	(5.1)	%
Cost of sales per gold equivalent ounce sold (1, 4)	$	1,166	$	1,289	(9.5)	%
Cash cost per gold equivalent ounce sold (2, 4)	$	1,097	$	1,204	(8.9)	%
AISC per gold equivalent ounce sold (2, 4)	$	1,569	$	1,693	(7.3)	%

(1)Excludes depreciation, depletion, and amortization.

(2)The Company reports non-GAAP financial measures including adjusted attributable net income (loss), adjusted basic attributable net income (loss) per share, cash costs and all in sustaining costs (“AISC”) per ounce sold to manage and evaluate its operating performance at its mines. See "Non-GAAP Financial Measures" for an explanation of these financial measures and a reconciliation of these financial measures to Net income (loss) attributable to SSR Mining shareholders and Cost of sales, which are the comparable GAAP financial measures.

(3)Data for lead production and sales relate only to lead in lead concentrate. Data for zinc production and sales relate only to zinc in zinc concentrate.

(4)Gold equivalent ounces are calculated multiplying the silver ounces by the ratio of the silver price to the gold price, using the average London Bullion Market Association (“LBMA”) prices for the period. The Company does not include by-products in the gold equivalent ounce calculations.

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Revenue

For the three months ended March 31, 2024, revenue decreased by $84.4 million, or 26.8%, to $230.2 million, as compared to $314.6 million for the three months ended March 31, 2023. The decrease was mainly due to 29.2% fewer ounces of gold sold at an 8.4% higher average realized gold price and 30.4% fewer ounces of silver sold. The decrease in gold ounces sold was primarily related to the suspension of operations at Çöpler following the Çöpler Incident. For a complete discussion of revenue, refer to the Results of Operations below.

Cost of sales

Cost of sales decreased by $73.4 million, or 36.8%, to $125.9 million for the three months ended March 31, 2024, as compared to $199.3 million for the three months ended March 31, 2023. This decrease was mainly due to 29.2% fewer ounces of gold sold compared to the same period in 2023 primarily related to the suspension of operations at Çöpler following the Çöpler Incident. For a complete discussion of costs of sales by site, refer to the Results of Operations below.

Depreciation, depletion, and amortization

	Three Months Ended March 31,
	2024		2023		Change (%)
Depreciation, depletion, and amortization ($000s)	$	38,398	$	47,095	(18.5)	%
Gold equivalent ounces sold		107,983		154,557	(30.1)	%
Depreciation, depletion, and amortization per gold equivalent ounce sold	$	356	$	305	16.7	%

Depreciation, depletion, and amortization (“DD&A”) expense decreased by $8.7 million, or 18.5%, to $38.4 million for the three months ended March 31, 2024, as compared to $47.1 million for the three months ended March 31, 2023, primarily due to fewer gold equivalent ounces sold.

General and administrative expense

General and administrative expense for the three months ended March 31, 2024 was $12.9 million as compared to $18.5 million for the three months ended March 31, 2023. General and administrative expenses decreased mainly due to lower stock-based compensation expense which was a result of lower share price in 2024.

Exploration and evaluation costs

Exploration and evaluation costs for the three months ended March 31, 2024 were $10.2 million compared to $10.5 million for three months ended March 31, 2023. Evaluation and exploration costs were consistent year over year.

Reclamation and remediation costs

Reclamation and remediation costs for the three months ended March 31, 2024 was $275.3 million as compared to $2.2 million for the three months ended March 31, 2023. Reclamation and remediation costs increased by $273.1 million mainly due to $22.5 million of remediation costs incurred during the first quarter of 2024 in connection with the Çöpler Incident, as well as accrued remediation and reclamation liabilities of approximately $250.0 million related to estimated future Çöpler remediation and leach pad closures costs.

Care and maintenance

Care and maintenance costs for the three months ended March 31, 2024 was $14.4 million. Care and maintenance expense incurred during the first quarter of 2024 represents direct costs not associated with environmental reclamation and remediation costs of $7.7 million and depreciation of $6.7 million during the suspension of operations at Çöpler.

Impairment charges

Impairment charges for the three months ended March 31, 2024 were $114.2 million. The impairment charges were mainly due to non-cash impairment charges of heap leach pad inventory and related heap leach facilities due to the Çöpler Incident.

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Other operating expense, net

Other operating expense, net for for the three months ended March 31, 2024 was $15.3 million as compared to ($0.2 million) for the three months ended March 31, 2023. The change is mainly due to estimated contingencies which were accrued during 2024 as a result of the Çöpler Incident.

Interest expense

Interest expense for the three months ended March 31, 2024 was $4.7 million as compared to $5.1 million for the three months ended March 31, 2023. Interest expense was consistent period over period.

Other income (expense)

Other income (expense) for the three months ended March 31, 2024 was $3.8 million as compared to $13.1 million for the three months ended March 31, 2023. The change is mainly due to the change of the fair value of marketable securities and a decrease in interest income due to lower cash balances.

Foreign exchange gain (loss)

Foreign exchange loss for the three months ended March 31, 2024 was $0.9 million compared to a loss of $13.2 million for the three months ended March 31, 2023. During the three months ended March 31, 2024, the foreign exchange loss was mainly due to the a weakening of the ARS against the USD and its impact on ARS-denominated assets at Puna partially. During the three months ended March 31, 2023, the foreign exchange loss was mainly due to the a weakening of the ARS against the USD and its impact on ARS-denominated assets at Puna and the weakening of the TRY against the USD and its impact on TRY-denominated assets at Çöpler.

Income and mining tax benefit (expense)

Income and mining tax benefit for the three months ended March 31, 2024 was $20.2 million as compared to a expense of $2.8 million for the three months ended March 31, 2023. The change in income tax expense was primarily as a result of foreign currency fluctuations and a decline in year-to-date operating income compared to 2023.

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Results of Operations

Çöpler, Türkiye

	Three Months Ended March 31,
Operating Data	2024 (1)		2023		Change (%)
Gold produced (oz)		21,827		55,074	(60.4)	%
Gold sold (oz)		23,960		58,014	(58.7)	%
Average realized gold price ($/oz sold)	$	2,013	$	1,890	6.5	%
Ore mined (kt)		266		1,179	(77.4)	%
Waste removed (kt)		3,571		5,375	(33.6)	%
Total material mined (kt)		3,837		6,554	(41.5)	%
Ore milled (kt)		343		724	(52.6)	%
Gold mill feed grade (g/t)		2.39		2.47	(2.9)	%
Gold recovery (%)		78.9		87.7	(10.0)	%
Ore stacked (kt)		184		188	(2.2)	%
Gold grade stacked (g/t)		1.17		1.22	(4.6)	%
Cost of sales (2)	$	24,423	$	74,646	(67.3)	%
Cost of sales ($/oz gold sold) (2)	$	1,019	$	1,287	(20.8)	%
Cash costs ($/oz gold sold) (3)	$	1,020	$	1,272	(19.8)	%
AISC ($/oz gold sold) (3)	$	1,573	$	1,420	10.8	%

(1)Operations at Çöpler were suspended on February 13, 2024, following the Çöpler Incident and have not restarted.

(2)Excludes depreciation, depletion, and amortization.

(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 Çöpler. See “Non-GAAP Financial Measures” for an explanation of these financial measures and a reconciliation to cost of sales, which are the comparable GAAP financial measure.

Three months ended March 31, 2024 compared to three months ended March 31, 2023

Operations were suspended following the Çöpler Incident. During the suspension, care and maintenance expense was recorded which represents direct costs not associated with the environmental reclamation and remediation costs and depreciation.

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Marigold, USA

	Three Months Ended March 31,
Operating Data	2024		2023		Change (%)
Gold produced (oz)		34,680		51,979	(33.3)	%
Gold sold (oz)		36,869		51,297	(28.1)	%
Average realized gold price ($/oz sold)	$	2,074	$	1,913	8.4	%
Ore mined (kt)		5,721		5,367	6.6	%
Waste removed (kt)		20,587		17,029	20.9	%
Total material mined (kt)		26,309		22,396	17.5	%
Ore stacked (kt)		5,721		5,367	6.6	%
Gold grade stacked (g/t)		0.13		0.42	(68.3)	%
Cost of sales (1)	$	49,071	$	54,541	(10.0)	%
Cost of sales ($/oz gold sold) (1)	$	1,331	$	1,063	25.2	%
Cash costs ($/oz gold sold) (2)	$	1,333	$	1,066	25.0	%
AISC ($/oz gold sold) (2)	$	1,430	$	1,663	(14.0)	%

(1)Excludes depreciation, depletion, and amortization.

(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.

Three months ended March 31, 2024 compared to three months ended March 31, 2023

Gold production decreased 33.3% due to lower grade ore stacked. Revenue decreased by $21.5 million or 21.9%, of which $27.4 million was the result of fewer gold ounces sold partially offset by a $5.9 million increase as a result of higher average realized gold price. Cost of sales decreased by $5.5 million, or 10.0%, due to fewer gold ounces sold offset by higher mining costs as a result of more waste tonnes mined. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 25.2% and 25.0%, respectively, due to more lower grade ore stacked and a higher strip ratio. AISC per ounce of gold sold decreased 14.0% as a result of lower sustaining capital expenditures compared to the three months ended March 31, 2023, which reflected the purchase of two haul trucks.

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Seabee, Canada

	Three Months Ended March 31,
Operating Data	2024		2023		Change (%)
Gold produced (oz)		23,773		15,768	50.8	%
Gold sold (oz)		28,450		16,800	69.3	%
Average realized gold price ($/oz sold)	$	2,070	$	1,910	8.4	%
Ore mined (kt)		104		99	4.9	%
Ore milled (kt)		115		112	2.3	%
Gold mill feed grade (g/t)		6.51		4.60	41.6	%
Gold recovery (%)		96.4		96.1	0.3	%
Cost of sales (1)	$	24,433	$	23,265	5.0	%
Cost of sales ($/oz gold sold) (1)	$	859	$	1,385	(38.0)	%
Cash costs ($/oz gold sold) (2)	$	859	$	1,386	(38.0)	%
AISC ($/oz gold sold) (2)	$	1,416	$	2,207	(35.8)	%

(1)Excludes depreciation, depletion, and amortization.

(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.

Three months ended March 31, 2024 compared to three months ended March 31, 2023

Gold production increased 50.8% due to higher mill feed grade. Gold sold exceeded gold production due to the timing of sales of finished goods inventory. Revenue increased by $27.0 million, or 84.2%, of which $22.2 million was a result of more gold ounces sold and $4.6 million was a result of higher average realized gold price. Cost of sales increased by $1.2 million, or 5.0%, as a result of more ore tonnes milled and more gold ounces sold. Cost of sales per ounce of gold sold, cash costs per ounce of gold sold, and AISC per ounces of gold sold decreased 38.0%, 38.0%, and 35.8%, respectively, due to higher grade ore milled.

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Puna, Argentina

	Three Months Ended March 31,
Operating Data	2024		2023		Change (%)
Silver produced ('000 oz)		1,915		2,015	(5.0)	%
Silver sold ('000 oz)		1,659		2,382	(30.4)	%
Lead produced ('000 lb)		9,998		11,361	(12.0)	%
Lead sold ('000 lb)		8,666		13,370	(35.2)	%
Zinc produced ('000 lb)		1,217		2,480	(50.9)	%
Zinc sold ('000 lb)		510		3,687	(86.2)	%
Gold equivalent sold (oz) (1)		18,704		28,446	(34.2)	%
Average realized silver price ($/oz)	$	22.18	$	23.38	(5.1)	%
Ore mined (kt)		263		349	(24.6)	%
Waste removed (kt)		1,510		1,984	(23.9)	%
Total material mined (kt)		1,773		2,333	(24.0)	%
Ore milled (kt)		417		415	0.5	%
Silver mill feed grade (g/t)		148.51		157.35	(5.6)	%
Lead mill feed grade (%)		1.16		1.32	(11.9)	%
Zinc mill feed grade (%)		0.27		0.44	(38.8)	%
Silver recovery (%)		96.2		96.0	0.2	%
Lead recovery (%)		93.9		94.4	(0.6)	%
Zinc recovery (%)		49.2		62.0	(20.7)	%
Cost of sales (2)	$	27,974	$	46,845	(40.3)	%
Cost of sales ($/oz silver sold) (2)	$	16.87	$	19.67	(14.3)	%
Cost of sales ($/oz gold equivalent sold) (1, 2)	$	1,496	$	1,647	(9.2)	%
Cash costs ($/oz silver sold) (3)	$	12.29	$	14.41	(14.7)	%
Cash costs ($/oz gold equivalent sold) (1, 3)	$	1,090	$	1,207	(9.7)	%
AISC ($/oz silver sold) (3)	$	15.61	$	16.40	(4.8)	%
AISC ($/oz gold equivalent sold) (1, 3)	$	1,385	$	1,373	0.9	%

(1)Gold equivalent ounces are calculated multiplying the silver ounces by the ratio of the silver price to the gold price, using the average LBMA prices for the period. The Company does not include by-products in the gold equivalent ounce calculations.

(2)Excludes depreciation, depletion, and amortization.

(3)The Company reports the non-GAAP financial measures of cash costs and AISC per ounce of silver sold to manage and evaluate operating performance at Puna. 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.

Three months ended March 31, 2024 compared to three months ended March 31, 2023

Silver production decreased 5.0% due to lower grade ore milled. Silver sold decreased 30.4% due to the timing of sales attributable to transportation delays at the end of 2022, which resulted in a build up of finished goods inventory that was subsequently sold in the first quarter of 2023. During the three months ended Revenue decreased by $28.0 million, or 37.9%, of which $25.5 million was the result of lower volume of concentrate sold and $2.4 million was the result of lower average realized silver and lead price. Cost of sales decreased by $18.9 million, or 40.3%, as a result of lower fuel costs, freight charges, and export duties as well as fewer silver ounces sold. Cost of sales per ounce of silver sold and cash costs per ounce of silver sold decreased by 14.3% and 14.7%, respectively, due to the decrease in cost of sales discussed above. AISC per ounce of silver sold decreased 4.8% due to lower cash costs per silver ounce and a reduction in by-product credits from lower lead and zinc sales.

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Liquidity and Capital Resources

The Company continues to analyze its liquidity position subsequent to the Çöpler Incident, taking into consideration its available cash and cash equivalents; expected revenues and operating and capital expenditures for the Company’s other three mines; potential penalties and fines, restitution, and legal obligations; estimates of reclamation and remediation related costs; and care and maintenance expenditures at Çöpler over the next twelve months. As of March 31, 2024, the Company had $467.0 million of cash and cash equivalents, and the Company has no borrowings outstanding on the Second Amended Credit Agreement at this time. Each of the Company’s three other mines operate independently and are not dependent on cash flows or operational synergies associated with Çöpler. Based on this analysis, the Company believes that its current liquidity position is sufficient to sustain the operational needs for the Company’s three other mines, as well as satisfy reclamation and remediation related costs, monitoring and care and maintenance efforts at Çöpler, for the next twelve months without needing to borrow under its Second Amended Credit Agreement. The Company may still elect to borrow under the Second Amended Credit Agreement or seek alternate sources of capital for any liquidity needs. All debts, liabilities and obligations under the Second Amended Credit Agreement are guaranteed by the Company’s material subsidiaries and secured by certain of the Company’s assets and material subsidiaries and pledges of the securities of the Company’s material subsidiaries, but does not include the Çöpler assets and subsidiaries and other Alacer entities.

To borrow under the Second Amended Credit Agreement, the Company will be required to satisfy certain financial ratios related to interest coverage and net leverage and make certain representations and warranties on a quarterly basis, including assessing financial ratios over a twelve-month period. Subject to the timing of any borrowings we may make under the Second Amended Credit Agreement, if any, we may be required to seek an amendment from the lenders to permit borrowings if we cannot meet the financial ratios or other requirements due to lower cash flows resulting from the Çöpler Incident or otherwise.

The Company manages its liquidity risk through planning, budgeting and forecasting process, which is reviewed and updated on a regular basis, to help determine the funding requirements to support its current operations, expansion and development plans, and by managing its capital structure.

Cash and Cash Equivalents

At March 31, 2024, the Company had $467.0 million of cash and cash equivalents, a decrease of $25.4 million from December 31, 2023, mainly due to cash used in the Company’s investing and financing activities and partially offset by cash flows generated by the Company's operations. The Company held $426.1 million of its cash and cash equivalents balance in USD. Additionally, the Company held cash and cash equivalents of $20.9 million, $12.8 million and $6.7 million in ARS, CAD and TRY, respectively.

The Company maintains cash balances at banking institutions in various jurisdictions which may or may not have deposit insurance. The Company mitigates potential cash risk by maintaining bank accounts with credit-worthy financial institutions. All cash is invested in short-term investments or high interest savings accounts in accordance with the Company’s investment policy with maturities of 90 days or less, providing the Company with sufficient liquidity to meet its foreseeable capital needs.

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Debt

Credit Agreement

On August 15, 2023, the Company entered into amendment to the Amended Credit Agreement (the “Second Amended Credit Agreement”) with the Bank of Nova Scotia, as administrative agent, and along with Canadian Imperial Bank of Commerce, as co-lead arrangers and joint bookrunners, the lenders party thereto and certain subsidiary guarantors named therein. The amendment, among other things, (i) extends the maturity to August 15, 2027, (ii) increases the credit agreement to $400.0 million with a $100.0 million accordion feature and (iii) modifies the reference rate from LIBOR to an adjusted SOFR plus applicable margin varying based on the Company’s consolidated leverage ratio and amounts drawn on the credit facility ranging from 2.00% to 2.75%.

Refer to Note 15 to the Condensed Consolidated Financial Statements for further details.

Cash Dividends

Following the Çöpler Incident, the Board of the Directors of the Company has suspended dividends. The Company does not know at this time when it may resume dividends. During the three months ended March 31, 2024, the Company declared no dividends.

During the three months ended March 31, 2023, the Company declared quarterly cash dividends of $0.07 per common share for total dividends of $14.4 million.

Share Repurchase Plan / Normal Course Issuer Bid

During the three months ended March 31, 2024, and prior to the Çöpler Incident, the Company purchased 1,117,100 of its outstanding common shares at an average share price of $8.79 per share for total consideration of $9.8 million. During the three months ended March 31, 2023, the Company purchased 348,171 of its outstanding common shares at an average share price of $14.92 per share for total consideration of $5.1 million.

The Board of Directors had authorized a new NCIB (the “2023 NCIB”) on June 16, 2023, to repurchase up to an aggregate of 10,200,000 common shares on the Nasdaq, the TSX and/or other exchanges and alternative trading systems in Canada and/or the United States, if eligible, subject to applicable law and stock exchange rules. On November 27, 2023, in connection with the 2023 NCIB, the Company entered into an automatic share purchase plan with its broker to allow for the repurchase of shares at times when the Company ordinarily would not be active in the market due to regulatory restrictions and customary self-imposed blackout periods. Following the Çöpler Incident, the Company terminated its automatic share purchase plan effective March 1, 2024. The Company does not know at this time when it may resume share repurchases.

On June 19, 2023, the Normal Course Issuer Bid established as of June 20, 2022 (the “2022 NCIB”), expired. Under the 2022 NCIB, the Company authorized the purchase of up to 10,600,000 common shares. The Company purchased and cancelled 9,080,119 common shares via open market purchases through the facilities of the TSX and the Nasdaq at a weighted average price paid per common share of $16.01 and a total repurchase value of $145.3 million.

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Cash Flows

The following table summarizes the Company's cash flow activity for three months ended March 31:

	Three Months Ended March 31,
	2024		2023
Net cash provided by operating activities	$	24,631	$	2,967
Cash used in investing activities		(36,778)		(51,881)
Cash used in financing activities		(10,820)		(38,189)
Effect of foreign exchange rate changes on cash and cash equivalents		(2,415)		(6,191)
Increase (decrease) in cash, cash equivalents and restricted cash		(25,382)		(93,294)
Cash, cash equivalents, and restricted cash, beginning of period		492,494		689,106
Cash, cash equivalents, and restricted cash, end of period	$	467,112	$	595,812

Cash provided by operating activities

For the three months ended March 31, 2024, cash provided by operating activities was $24.6 million compared to $3.0 million for the three months ended March 31, 2023. The increase in cash provided by operating activities is mainly due to a favorable working capital change and a 8.4% higher average realized gold in 2024 as compared to 2023, offset by a 29.2% decrease in gold ounces sold.

Cash used in investing activities

For the three months ended March 31, 2024, cash used in investing activities was $36.8 million compared to $51.9 million for the three months ended March 31, 2023. The decrease of $15.1 million of cash used in investing activities is mainly due to lower capital expenditures of $25.2 million. This was partially offset by a $6.3 million increase in purchases of marketable securities and a $4.1 million decrease in proceeds from marketable securities.

Cash used in financing activities

For the three months ended March 31, 2024, cash used in financing activities was $10.8 million compared to $38.2 million for the same period in 2023. The decrease in cash used in financing activities was mainly due lower cash payments for debt in the amount of $17.8 million and lower dividends paid in the amount of $14.4 million, partially offset by an increase in the purchases and cancellation of common shares in the amount of $4.6 million.

Contractual Obligations

As of March 31, 2024, there have been no material changes in the Company’s contractual obligations since December 31, 2023 to the Condensed Consolidated Financial Statements. Refer to Part II, Item 7 in the Annual Report on Form 10-K for information regarding the Company’s contractual obligations.

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Non-GAAP Financial Measures

The Company has included certain non-GAAP financial measures to assist in understanding the Company's financial results. The non-GAAP financial measures are employed by the Company to measure its operating and economic performance and to assist in decision-making, as well as to provide key performance information to senior management. The Company believes that, in addition to conventional measures prepared in accordance with GAAP, certain investors and other stakeholders will find this information useful to evaluate the Company's operating and financial performance; however, these non-GAAP performance measures do not have any standardized meaning. These performance measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. These non-GAAP measures should be read in conjunction with the Company's condensed consolidated financial statements.

Non-GAAP Measure - Cash Costs and AISC

Cash Costs and All-In Sustaining Costs (“AISC”) per payable ounce of gold and respective unit cost measures are non-U.S. GAAP metrics developed by the World Gold Council to provide transparency into the costs associated with producing gold and provide a standard for comparison across the industry. The World Gold Council is a market development organization for the gold industry.

The Company uses cash costs per ounce of precious metals sold to monitor its operating performance internally. The most directly comparable measure prepared in accordance with GAAP is Cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying cash costs of operations and the impact of by-product credits on its cost structure. The Company also believes it is a relevant metric used to understand its operating profitability. When deriving the cost of sales associated with an ounce of precious metal, the Company includes by-product credits, which allows management and other stakeholders to assess the net costs of gold and silver production.

AISC includes total Cost of sales incurred at the Company’s mining operations, which forms the basis of cash costs. Additionally, the Company includes sustaining capital expenditures, sustaining mine-site exploration and evaluation costs, reclamation cost accretion and amortization, and general and administrative expenses. This measure seeks to reflect the ongoing cost of gold and silver production from current operations; therefore, growth capital is excluded. The Company determines sustaining capital to be capital expenditures that are necessary to maintain current production and execute the current mine plan. The Company determines growth capital to be those payments used to develop new operations or related to projects at existing operations where those projects will materially benefit the operation.

The Company believes that AISC provides additional information to management and stakeholders that provides visibility to better define the total costs associated with production and better understanding of the economics of the Company's operations and performance compared to other producers.

In deriving the number of ounces of precious metal sold, the Company considers the physical ounces available for sale after the treatment and refining process, commonly referred to as payable metal, as this is what is sold to third parties.

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The following tables provide a reconciliation of cost of sales to cash costs and AISC:

	Three Months Ended March 31, 2024
(in thousands, unless otherwise noted)	Çöpler		Marigold		Seabee		Puna		Corporate		Total
Cost of sales (GAAP) (1)	$	24,423	$	49,071	$	24,433	$	27,974	$	—	$	125,901
By-product credits	(345)		(1)		(25)		(9,065)		—		(9,436)
Treatment and refining charges	351		73		35		1,482		—		1,941
Cash costs (non-GAAP)	24,429		49,143		24,443		20,391		—		118,406
Sustaining capital expenditures	5,088		2,305		14,905		3,359		—		25,657
Sustaining exploration and evaluation expense	—		354		—		—		—		354
Care and maintenance (4)	7,678		—		—		—		—		7,678
Reclamation cost accretion and amortization	485		935		927		2,148		—		4,495
General and administrative expense and stock-based compensation expense	—		—		—		—		12,861		12,861
Total AISC (non-GAAP)	$	37,680	$	52,737	$	40,275	$	25,898	$	12,861	$	169,451
Gold sold (oz)	23,960		36,869		28,450		—		—		89,279
Silver sold (oz)	—		—		—		1,658,621		—		1,658,621
Gold equivalent sold (oz) (2)(3)	23,960		36,869		28,450		18,704		—		107,983
Cost of sales per gold equivalent ounce sold (1)(2)	$	1,019	$	1,331	$	859	$	1,496	N/A		$	1,166
Cash cost per gold ounce sold	$	1,020	$	1,333	$	859	N/A		N/A		N/A
Cash cost per silver ounce sold	N/A		N/A		N/A		$	12.29	N/A		N/A
Cash cost per gold equivalent ounce sold (2)	$	1,020	$	1,333	$	859	$	1,090	N/A		$	1,097
AISC per gold ounce sold	$	1,573	$	1,430	$	1,416	N/A		N/A		N/A
AISC per silver ounce sold	N/A		N/A		N/A		$	15.61	N/A		N/A
AISC per gold equivalent ounce sold (1)(2)	$	1,573	$	1,430	$	1,416	$	1,385	N/A		$	1,569

(1)Excludes depreciation, depletion, and amortization.

(2)Gold equivalent ounces are calculated multiplying the silver ounces by the ratio of the silver price to the gold price, using the average LBMA prices for the period. The Company does not include by-products in the gold equivalent ounce calculations.

(3)Gold equivalent ounces sold may not re-calculate based on amounts presented in this table due to rounding.

(4)Care and maintenance expense only includes direct costs not associated with environmental reclamation and remediation costs, as depreciation is not included in the calculation of AISC.

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	Three Months Ended March 31, 2023
(in thousands, unless otherwise noted)	Çöpler		Marigold		Seabee		Puna		Corporate		Total
Cost of sales (GAAP) (1)	$	74,646	$	54,541	$	23,265	$	46,845	—		$	199,297
By-product credits	(867)		(36)		(10)		(18,014)		—		(18,927)
Treatment and refining charges	—		183		30		5,498		—		5,711
Cash costs (non-GAAP)	73,779		54,688		23,285		34,329		—		186,081
Sustaining capital expenditures	6,703		29,016		13,135		2,829		—		51,683
Sustaining exploration and evaluation expense	761		960		—		1,071		—		2,792
Reclamation cost accretion and amortization	427		646		655		765		—		2,493
General and administrative expense and stock-based compensation expense	736		—		—		52		17,753		18,541
Total AISC (non-GAAP)	$	82,406	$	85,310	$	37,075	$	39,046	$	17,753	$	261,590
Gold sold (oz)	58,014		51,297		16,800		—		—		126,111
Silver sold (oz)	—		—		—		2,381,540		—		2,381,540
Gold equivalent sold (oz) (2)(3)	58,014		51,297		16,800		28,446		—		154,557
Cost of sales per gold equivalent ounce sold (1)(2)	$	1,287	$	1,063	$	1,385	$	1,647	N/A		$	1,289
Cash cost per gold ounce sold	$	1,272	$	1,066	$	1,386	N/A		N/A		N/A
Cash cost per silver ounce sold	N/A		N/A		N/A		$	14.41	N/A		N/A
Cash cost per gold equivalent ounce sold (2)	$	1,272	$	1,066	$	1,386	$	1,207	N/A		$	1,204
AISC per gold ounce sold	$	1,420	$	1,663	$	2,207	N/A		N/A		N/A
AISC per silver ounce sold	N/A		N/A		N/A		$	16.40	N/A		N/A
AISC per gold equivalent ounce sold (2)	$	1,420	$	1,663	$	2,207	$	1,373	N/A		$	1,693

(1)Excludes depreciation, depletion, and amortization.

(2)Gold equivalent ounces are calculated multiplying the silver ounces by the ratio of the silver price to the gold price, using the average LBMA prices for the period. The Company does not include by-products in the gold equivalent ounce calculations.

(3)Gold equivalent ounces sold may not re-calculate based on amounts presented in this table due to rounding.

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Non-GAAP Measure - Adjusted Attributable Net Income (Loss)

Adjusted attributable net income (loss) and adjusted attributable net income (loss) per share are used by management and investors to measure the Company’s underlying operating performance. The most directly comparable financial measures prepared in accordance with GAAP are Net income (loss) attributable to SSR Mining shareholders and Net income (loss) per share attributable to SSR Mining shareholders. Adjusted attributable net income (loss) is defined as net income (loss) adjusted to exclude the after-tax impact of specific items that are significant, but not reflective of the Company’s underlying operations, including impairment charges; and inflationary impacts on tax balances.

The following table provides a reconciliation of Net income (loss) attributable to SSR Mining shareholders to adjusted net income (loss) attributable to SSR Mining shareholders:

	Three Months Ended March 31,
(in thousands, except per share)	2024		2023
Net income (loss) attributable to SSR Mining shareholders (GAAP)	$	(287,082)	$	29,813
Interest saving on 2019 Notes, net of tax		—		1,221
Net income (loss) used in the calculation of diluted net income per share	$	(287,082)	$	31,034
Weighted-average shares used in the calculation of net income
Basic		202,355		206,778
Diluted		202,355		219,403
Net income (loss) per share attributable to SSR Mining shareholders (GAAP)
Basic	$	(1.42)	$	0.14
Diluted	$	(1.42)	$	0.14
Adjustments:
Effects of the Çöpler Incident (1)		321,954		—
Change in fair value of marketable securities		(2,817)		(1,866)
Loss (gain) on sale of mineral properties, plant and equipment		—		240
Income tax impact related to above adjustments		448		139
Inflationary impacts on tax balances		(9,993)		(9,153)
Other tax adjustments (2)		—		2,101
Adjusted net income (loss) attributable to SSR Mining shareholders (Non-GAAP)	$	22,510	$	21,274
Adjusted net income (loss) per share attributable to SSR Mining shareholders (Non-GAAP)
Basic	$	0.11	$	0.10
Diluted (3)	$	0.11	$	0.10

(1)The effects of the Çöpler Incident represent the following unusual and nonrecurring charges: (1) reclamation costs of $9.0 million and remediation costs of $209.3 million (amounts are presented net of pre-tax attributable to non-controlling interest of $50.1 million); (2) impairment charges of $91.4 million related to plans to permanently close the heap leach pad (amount is presented net of pre-tax attributable to non-controlling interest of $22.8 million); and (3) contingencies of $12.3 million (amount is presented net of pre-tax attributable to non-controlling interest of $3.0 million). Refer to Note 3 to the Condensed Consolidated Financial Statements for further details related to the impact of the Çöpler Incident.

(2)Represents charges related to a one-time tax imposed by Türkiye to fund earthquake recovery efforts, offset by a release of an uncertain tax position during the three months ended March 31, 2023.

(3)Adjusted net income (loss) per diluted share attributable to SSR Mining shareholders is calculated using diluted common shares, which are calculated in accordance with GAAP. For the three months ended March 31, 2024, $1.2 million interest saving on 2019 Notes, net of tax, and potentially dilutive shares of approximately 12.9 million were excluded from the computation of diluted loss per common share attributable to SSR Mining shareholders in the Condensed Consolidated Statement of Operations as they were antidilutive. These interest savings and shares were included in the computation of adjusted net income (loss) per diluted share attributable to SSR Mining shareholders for the three months ended March 31, 2024.

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Non-GAAP Measure - Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") and Adjusted EBITDA

EBITDA represents net income (loss) before interest, taxes, depreciation, and amortization. EBITDA is an indicator of the Company’s ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations, and fund capital expenditures.

Adjusted EBITDA represents net income (loss) before interest, taxes, depreciation, and amortization, adjusted to exclude the impact of specific items that are significant, but not reflective of the Company’s underlying operations, including impairment charges.

The most directly comparable financial measure prepared in accordance with GAAP to EBITDA and Adjusted EBITDA is Net income (loss) attributable to SSR Mining shareholders.

The following is a reconciliation of Net income (loss) attributable to SSR Mining shareholders to EBITDA and adjusted EBITDA:

	Three Months Ended March 31,
(in thousands)	2024		2023
Net income (loss) attributable to SSR Mining shareholders (GAAP)	$	(287,082)	$	29,813
Net income (loss) attributable to non-controlling interests		(71,080)		(809)
Depletion, depreciation and amortization		38,398		47,095
Interest expense		4,655		5,060
Income and mining tax expense (benefit)		(20,237)		2,788
EBITDA (non-GAAP)		(335,346)		83,947
Effects of the Çöpler Incident (1)		402,443		—
Change in fair value of marketable securities		(2,817)		(1,866)
Loss (gain) on sale of mineral properties, plant and equipment		—		240
Adjusted EBITDA (non-GAAP)	$	64,280	$	82,321

(1)The effects of the Çöpler Incident represent the following unusual and nonrecurring charges: (1) reclamation costs of $11.2 million and remediation costs of $261.7 million; (2) impairment charges of $114.2 million related to plans to permanently close the heap leach pad; and (3) contingencies of $15.3 million. Refer to Note 3 to the Condensed Consolidated Financial Statements for further details related to the impact of the Çöpler Incident.

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Non-GAAP Measure - Free Cash Flow

The Company uses free cash flow to supplement information in its consolidated financial statements. The most directly comparable financial measures prepared in accordance with GAAP is Cash provided by (used in) operating activities. The Company believes that in addition to conventional measures prepared in accordance with US GAAP, certain investors and analysts use this information to evaluate the ability of the Company to generate cash flow after capital investments and build the Company’s cash resources. The Company calculates free cash flow by deducting cash capital spending from cash generated by operating activities. The Company does not deduct payments made for business acquisitions.

The following table provides a reconciliation of Cash provided by operating activities to free cash flow:

	Three Months Ended March 31,
(in thousands)	2024		2023
Cash provided by operating activities (GAAP)	$	24,631	$	2,967
Expenditures on mineral properties, plant and equipment		(34,035)		(59,242)
Free cash flow (non-GAAP)	$	(9,404)	$	(56,275)

Critical Accounting Estimates

Refer to the Company’s Management’s Discussion and Analysis of Critical Accounting Estimates included in Part II of Form 10-K.

New Accounting Pronouncements

For a discussion of Recently Issued Accounting Pronouncements, see Note 2 of the Condensed Consolidated Financial Statements.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes in market risks during the three month period ended March 31, 2024.

For additional information on market risks, refer to “Disclosures About Market Risks” included in Part II, Items 7A of the Annual Report on Form 10-K for the year ended December 31, 2023.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

The Company’s Management assessed the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a–15(f) and 15d–15(f) under the Exchange Act) as of the end of the period covered by this quarterly report on Form 10-Q. Based upon its assessment, Management concluded that the Company’s disclosure controls and procedures were effective as of March 31, 2024.

Changes in Internal Control Over Financial Reporting

As of January 1, 2024, the Company’s management implemented a new enterprise resource planning (“ERP”) system, SAP, as part our plan to enhance functionality and to support our existing and future operations. As a result of this implementation, certain internal controls over financial reporting have been modified or implemented to address the new control environment associated with this ERP system. Other than the implementation of this ERP system, there were no changes in the Company’s internal control over financial reporting during the three months ended March 31, 2024, that has materially affected, or is reasonably likely to materially affect, internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

From time to time, the Company and its subsidiaries have become involved in litigation relating to claims arising out of operations in the normal course of business. Information regarding legal proceedings is contained in Note 18 to the Condensed Consolidated Financial Statements contained in this Report and is incorporated herein by reference.

On March 18, 2024 and March 22, 2024, two related putative securities class actions, Karam Akhras v. SSR Mining Inc., et. al., Case No. 24-cv-00739 and Eric Lindemann v. SSR Mining Inc., et. al., Case No. 24-cv-00808, were filed in the United States District Court for the District of Colorado (collectively, the “US Securities Actions”). The US Securities Actions assert claims for alleged violations of Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder against the Company, as well as certain of its current and former members of management (the “Individual Defendants”, and together with the Company, the “Defendants”) and for alleged violations of Section 20(a) of the Exchange Act against the Individual Defendants. The complaints allege that certain public statements made by the Defendants were rendered materially false and misleading with respect to, among other things, the adequacy of the Company’s internal controls relating to its safety practices and operational integrity at its Çöpler mining facility in Türkiye.

Additionally, two putative securities class actions, Glenna Padley v. SSR Mining Inc., et. al. and Abdurrazag Mutat v. SSR Mining Inc., et al., were filed on March 27, 2024 and April 23, 2024, respectively, in the Supreme Court of British Columbia (the “BC Actions”). Two additional putative securities class actions, Chao Liang v. SSR Mining Inc., et. al. and Michael Jones v. SSR Mining., et. al., were filed on April 5, 2024 and May 1, 2024, respectively, in the Ontario Superior Court of Justice (together with the BC Actions, the “Canadian Securities Actions”). The Canadian Securities Actions assert claims for alleged misrepresentations by the Defendants at common law and in contravention of applicable Provincial securities law disclosure obligations.

The US Securities Actions and Canadian Securities Actions seek unspecified compensatory damages on behalf of the putative class members. The Company, along with the Individual Defendants, are defending themselves against these claims.

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ITEM 1A. RISK FACTORS

In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, Item IA., “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The risks described in the Annual Report and herein are not the only risks facing the Company. Additional risks and uncertainties not currently known to the Company or that is deemed to be immaterial may also materially adversely affect the business, financial condition, cash flows and/or future results.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The Company’s Board of Directors authorized a Normal Course Issuer Bid on June 16, 2023 (the “2023 NCIB”). Under the 2023 NCIB, the Company is authorized to purchase for cancellation up to 10,200,000 common shares through the facilities of the TSX, Nasdaq or other Canadian and U.S. marketplaces over a twelve month period beginning June 20, 2023 and ending June 19, 2024. The extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including trading volume, market conditions, legal requirements, business conditions and other factors. The 2023 NCIB may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock.

Following the Çöpler Incident, the Company delivered notice to its designated broker to terminate its automatic share purchase plan effective March 1, 2024 and the Company ceased all share repurchases under the 2023 NCIB. The Company does not know at this time when it may resume share repurchases.

The following table summarizes purchases by the Company, or an affiliated purchaser, of the Company’s equity securities registered pursuant to Section 12 of the Exchange Act during the three months ended March 31, 2024, prior to the Çöpler Incident:

Period	Total Number of Shares Purchased(1)	Average Price Paid Per Share(1)	Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(2)	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs(2)
January 1 - January 31	553,300	$10.16	1,493,162	8,706,838
February 1 - February 29	563,800	$7.04	2,056,962	8,143,038
March 1 - March 31	-	-	2,056,962	8,143,038

(1)The total number of shares purchased (and the average price paid per share) reflects shares purchased pursuant to the 2023 NCIB. No shares were purchased in the quarter ended March 31, 2024 pursuant to the 2023 NCIB.

(2)The Company's Board of Directors previously authorized the 2023 NCIB, under which the Company is authorized to repurchase up to 10,200,000 common shares during the period commencing June 20, 2023 and ending on June 19, 2024.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

The Company is required to report certain mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K, and that required information is included in Exhibit 95 to this Quarterly Report, which is incorporated herein by reference.

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ITEM 5. OTHER INFORMATION

Rule 10b5-1 and Non-Rule 10b5-1 Trading Arrangements by our Directors and Officers

During the quarterly period covered by this report, the following directors and officers (as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934, as amended) adopted a Rule 10b5-1 trading arrangements (as defined in Item 408 Regulation S-K). Each 10b5-1 trading arrangement was entered into in writing in good faith, has a term of one year, and is subject to a mandatory cooling off period of 90 days following adoption of the trading arrangement. Because of pricing and timing conditions in each 10b5-1 trading arrangement, it is not yet determinable how many shares actually will be sold under each plan prior to its expiration date.

On September 28, 2023, Rod Antal, the Company’s Executive Chairman, adopted a Rule 10b5-1 trading arrangement for the sale of up to 200,000 common shares, which was originally scheduled to expire on December 31, 2024. Following the Çöpler Incident, Mr. Antal terminated this 10b5-1 trading arrangement on March 18, 2024.

On September 28, 2023, Michael Sparks, the Company’s Executive Vice President, Chief Legal and Administrative Officer, adopted a Rule 10b5-1 trading arrangement for the sale and donation of up to 37,000 common shares, which was originally scheduled to expire on December 31, 2024. Following the Çöpler Incident, Mr. Sparks terminated this 19b5-1 trading arrangement on February 20, 2024.

On September 29, 2023, F. Edward Farid, the Company’s Executive Vice President, Chief Corporate Development Officer, adopted a Rule 10b5-1 trading arrangement for the sale of up to 27,500 common shares, which was originally scheduled to expire on December 31, 2024. Following the Çöpler Incident, Mr. Farid terminated this 10b5-1 trading arrangement on February 20, 2024.

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ITEM 6. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

Exhibit Number
10.1 +*	Separation Agreement and Release, dated as of March 5, 2024, between Alison White and SSR Management Inc.
10.2 +*	Amendment to Employment Agreement, made effective as of March 7, 2024, between SSR Mining Inc., and F. Edward Farid.
10.3 +*	Amendment to Employment Agreement, made effective as of March 7, 2024, between SSR Management Inc., and Michael J. Sparks.
31.1 +	Certification of Chief Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2 +	Certification of Chief Financial Officer Pursuant to Rule 13a-14(a)/15d-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1++	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2++	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
95 +	Mine Safety Information Pursuant to Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
101	101.INS 101.SCH 101.CAL 101.DEF 101.LAB 101.PRE	XBRL Instance - XBRL tags are embedded within the Inline XBRL document XBRL Taxonomy Extension Schema XBRL Taxonomy Extension Calculation XBRL Taxonomy Extension Definition XBRL Taxonomy Extension Labels XBRL Taxonomy Extension Presentation
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).
+	Filed herewith
++	Furnished herewith
+++	Previously filed
*	Indicates a management contract or compensatory plan or arrangement.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SSR MINING INC. Registrant
Date:    May 8, 2024	/s/ Michael J. Sparks
	Name:    Michael J. Sparks Title:    Executive Vice President and Chief Financial Officer (Principal Financial Officer)
Date:    May 8, 2024	/s/ Russell Farnsworth
	Name:    Russell Farnsworth Title:    Vice President, Controller (Principal Accounting Officer)

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EX-10.1

SEPARATION AGREEMENT AND RELEASE

This Separation Agreement and Release (this “Agreement”), dated as of March 5, 2024, and sets forth the terms and conditions of the separation of Alison White (“Employee”) from SSR Management Inc., a Colorado corporation (the “Company”), and the termination of Employee’s employment by the Company.

Whereas, Employee is currently employed with the Company in the position of Executive Vice President – Chief Financial Officer pursuant to that certain Employment Agreement between Employee and the Company, dated as of February 26, 2021 (the “Employment Agreement”);

Whereas, the decision has been made to terminate the employment relationship, and the Employment Agreement, between the Company and Employee (collectively, the “Parties”); and

Whereas, the Parties hereto desire to enter into a written agreement embodying their mutual understanding and promises concerning resolution of any and all issues concerning Employee’s employment and/or the termination thereof.

Now Therefore, for good and valuable consideration, the sufficiency of which is hereby acknowledged, Employee and the Company agree as follows:

1.Separation. Employee’s last day of work with the Company and Employee’s employment termination date is March 7, 2024 (the “Separation Date”).

2.Accrued Salary and Paid Time Off. When and as required by the Colorado Wage Act, the Company will deliver to Employee final pay in the amount of all accrued and unused vacation and all accrued and unpaid base salary earned through the Separation Date, subject to standard payroll deductions and withholdings.

3.Severance Benefits. Subject to Employee’s execution of this Agreement, the Company will pay Employee, as a lump-sum, the amounts set forth on Exhibit A attached hereto as severance benefits (the “Severance Benefits”). To the extent applicable, the Severance Benefits will be subject to standard payroll deductions and withholdings. The Severance Benefits will be paid at the next regular payroll date of the Company after execution of this Agreement by Employee and expiration of the revocation period described in Paragraph 11(c) below. Employee acknowledges and agrees that the Severance Benefits are not otherwise indisputably owed to Employee under any offer letter, the Employment Agreement, or any binding Company policy or practice. Employee further acknowledges and agrees that receipt of the Severance Benefits automatically waives any monetary or other entitlement set forth in the Employment Agreement, including, but not limited to, Section 4.2 thereof.

4.Expense Reimbursements. Employeeagrees that, within two (2) weeks of the Separation Date, Employeewill submit Employee’sfinal documented expense reimbursement statement reflecting all business expenses Employeeincurred through the Separation Date, if any, for which Employeeseeks reimbursement. The Company will reimburse Employeefor these expenses pursuant to the Company’s regular business practice.

5.Equity Grants. Employee acknowledges that, except as otherwise set forth on Exhibit A, as applicable, any vesting of outstanding, unvested equity grants made to Employee prior to the Separation Date shall be governed by the terms of the applicable Equity Plans based on the nature of

Employee’s termination. For the avoidance of doubt, Employee will not receive any new equity grants following the Separation Date.

6.No Other Compensation or Benefits. Employeeacknowledges and agrees that, except as expressly provided in this Agreement, Employeewill not receive any additional compensation, severance, or benefits after the Separation Date with respect to Employee’s employment by the Company. Except as provided in Exhibit A, if applicable, Employee’s right(s) to any and all Company benefits will otherwise terminate on the Separation Date.

7.Return of Company Property. Within five (5) days of the Separation Date, Employeeshall return to the Company all Confidential Information and other Company property that Employeehas had in Employee’spossession at any time, including, but not limited to, Company files, notes, drawings, records, business plans and forecasts, financial information, specifications, computer-recorded information, tangible property (including, but not limited to, computers and tablets), credit cards, entry cards, identification badges and keys, and any materials of any kind that contain or embody any proprietary or confidential information of the Company (and all reproductions thereof).

8.Survival of Employment Agreement Provisions. Notwithstanding anything in this Agreement to the contrary, Employee acknowledges that Employee will remain subject to certain obligations set forth in the Employment Agreement following the Separation Date, including, but not limited to those set forth in Article 5 (Confidential Information), Article 6 (Non-Solicitation and Non-Competition), Article 7 (Non-Disparagement), and Article 8 (Intellectual Property).

9.Confidential and Proprietary Information Obligations. Any breach of Employee’s proprietary information obligations as set forth in Article 5 of the Employment Agreement or this Agreement may cause the Company substantial harm and Employee agrees that the Company is entitled to specific performance of such obligations and may seek injunctive relief to enforce such obligations.

10.Confidentiality. The provisions of this Agreement will be held in strictest confidence by Employee and the Company and will not be publicized or disclosed in any manner whatsoever; provided, however, that: (i) Employee may disclose this Agreement to Employee’s immediate family; (ii) the Parties may disclose this Agreement in confidence to their respective attorneys, accountants, auditors, tax preparers, and financial advisors; (iii) the Company may disclose this Agreement as necessary to fulfill standard or legally required corporate reporting or disclosure requirements; and (iv) the Parties may disclose this Agreement insofar as such disclosure may be necessary to enforce this Agreement or as otherwise required by law. In particular, and without limitation, Employee agrees not to disclose the terms of this Agreement to any current or former Company employee.

11.Release.

(a)In exchange for the Severance Benefits and other consideration under this Agreement to which Employee would not otherwise be indisputably entitled, Employee hereby releases, acquits and forever discharges the Company, the Company’s affiliates and their respective officers, directors, agents, servants, employees, attorneys, insurers, stockholders, successors, assigns and affiliates, of and from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys’ fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way related to agreements, events, acts or conduct at any time prior to and including the execution date of this Agreement, including, but not limited to: (i) all such claims and demands directly or indirectly arising out

of or in any way connected with Employee’s employment with the Company or the termination of that employment; (ii) claims or demands related to salary, bonuses, commissions, stock, stock options, or any other ownership interests in the Company, vacation pay, fringe benefits, expense reimbursements, severance pay or benefits, or any other form of compensation; (iii) claims pursuant to any federal, state or local law, statute, or cause of action, including, but not limited to, Title VII of the federal Civil Rights Act of 1964, as amended, the federal Americans with Disabilities Act of 1990, as amended, the federal Age Discrimination in Employment Act of 1967, as amended (“ADEA”), the Colorado Anti-Discrimination Act, as amended, the Denver Municipal Ordinance, tort law, contract law, wrongful discharge, discrimination, harassment, fraud, defamation, emotional distress, and breach of any express or implied covenant of good faith and fair dealing; provided, however, that the scope of this release shall exclude rights and obligations arising under this Agreement, and any claims that cannot be lawfully waived.

(b)Employee expressly warrants and represents that she has authority to enter into this Agreement, and that Employee has not sold, assigned, granted or transferred to anyone else any of the claims she is releasing pursuant to the preceding subsection. Employee acknowledges that she may not personally seek reinstatement, damages, or other relief in connection with any of those claims, but that she is not prohibited from participating in any investigation or other proceeding before any government administrative agency.

(c)Employee acknowledges that Employee understands the terms of this Agreement, and is knowingly and voluntarily waiving and releasing any rights Employee may have, including under the ADEA, as amended. Employee also acknowledges that the consideration given in this Agreement for the waiver and release in subsection 11(a), above, is in addition to anything of value to which Employee was already indisputably entitled. Employee further acknowledges that Employee has been advised by this writing, as required by the Older Workers Benefit Protection Act (“OWBPA”), that: (i) Employee’s waiver and release do not apply to any rights or claims that may arise after the execution date of this Agreement; (ii) Employee has been and is advised that Employee has the right to consult with an attorney prior to executing this Agreement; (iii) Employee has twenty-one (21) days to consider this Agreement (although Employee may choose to voluntarily execute this Agreement earlier); (iv) Employee has up to seven (7) days following the execution of this Agreement to revoke this Agreement by notifying the Company in writing, addressed and delivered to: SSR Mining Inc., 6900 E Layton Ave, Suite 1300, Denver, CO 80237, Attn: Mr. Rod Antal, Executive Chairman; and (v) this Agreement will not be effective until the date upon which the revocation period has expired, which will be the eighth (8th) day after this Agreement is executed and delivered by Employee.

(d)EMPLOYEE UNDERSTANDS THAT THIS RELEASE INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS ARISING FROM ACTS, OMISSIONS, OR EVENTS OCCURING ON OR BEFORE THE DATE THIS AGREEMENT IS SIGNED BY EMPLOYEE.

12.Resignation of Positions. Effective as of the Separation Date, Employee hereby resigns from all corporate offices, including all directorships, as applicable, held by Employee with the Company and all affiliates of the Company.

13.Miscellaneous.

(a)Governing Law. All questions with respect to the construction of this Agreement and the rights and liabilities hereunder shall be governed by the internal laws of the State of

Colorado, without regard to principles of conflict of laws, except to the extent such laws are preempted by applicable federal law.

(b)Venue; Jurisdiction. The Company and the Employee agree that any action brought by any party under or in relation to this Agreement, including, without limitation, to interpret or enforce any provision of this Agreement, shall be brought in, and each party agrees to and does hereby submit to the exclusive jurisdiction and venue of, the state and/or federal courts located in Denver, Colorado. Each party hereby irrevocably waives, to the fullest extent permitted by applicable law, any objection which such party may now or hereafter have to the laying of venue of any such dispute brought in such court or any defense of inconvenient forum for the maintenance of such dispute.

(c)Severability. If any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable, such provision will be deemed changed and/or interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions of this Agreement, all of which shall be severable, will continue in full force and effect.

(d)Legal Advice. Each of the Parties warrants and represents that in executing this Agreement, such party has relied on legal advice from the attorney of such party’s choice.

(e)Inurement. This Agreement will bind the heirs, personal representatives, successors and assigns of Employee and the Company, and inure to the benefit of both Employee and the Company, their heirs, successors, and assigns.

(f)Entire Agreement. This Agreement constitutes the complete, final, and exclusive embodiment of the entire agreement between the Parties with regard to its subject matter. It is entered into without reliance on any promise, agreement or representation, written or oral, other than those expressly contained herein, and it supersedes any other such agreements, promises, warranties or representations with respect to the subject matter of this Agreement. This Agreement may not be modified or amended except in a writing signed by both Employee and a duly authorized officer of the Company, or by operation of Subsection 11(c) above.

(g)Headings. Descriptive headings used herein are used for convenience only and shall not be deemed to affect the meaning or construction of any provisions hereof.

(h)Waiver of Terms. A waiver of any term or condition of this Agreement will not be deemed to be, and may not be construed as, a waiver of any other term or condition hereof.

(i)Neutral Construction. This Agreement will be construed neutrally and will not be applied more strictly against one party than another.

(j)Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument. Executed counterparts delivered by facsimile or e-mail will be deemed executed and delivered originals.

(k)Attorneys’ Fees. In the event of any dispute between Employee and the Company arising out of or relating to this Agreement, the prevailing party(ies) in any resulting legal proceeding shall be entitled, in addition to any other award, to an award of its, his, her or their costs and reasonable attorneys’ fees incurred in such proceeding.

(l)Notice Provisions

Except as otherwise expressly provided herein, all notices relating to this Agreement shall be in writing and either delivered by hand, courier service or facsimile transmission and addressed as follows:

The Employee:    Alison White

    [Redacted]

                [Redacted]

The Company:    SSR Management Inc.

6900 E. Layton Ave., Ste 1300

Denver, CO 80237        

        Attention: Chief Human Relations Officer

Any address referred to in this Section 13(l) may be changed by notice given in accordance with the provisions of this subsection. Any notice which is delivered by hand, courier service or facsimile transmission shall be effective when delivered.

(m)Effective Time. This Agreement shall become effective, binding, and non-revocable on the Effective Date.

[Signature Page Follows]

In Witness Whereof, the Parties have executed this Agreement as of the dates set forth below.

SSR Management Inc.

/s/ Rod Antal	March 5, 2024
Signature Name: Rod Antal Title: Executive Chairman	Date

Employee

/s/ Alison White	March 6, 2024
Signature Name: Alison White	Date

Exhibit A

Severance Benefits

Separation Payment:	$2,868,558.88
Equity Treatment:	2021 PSUs will vest in full and settle in cash using the 30-day VWAP as of 29-December-2023. 2022 and 2023 PSUs will vest on a prorata basis and settle in cash using the 30-day VWAP as of the Termination Date. 2021 RSUs will vest in full. 2022 and 2023 RSUs will vest on a prorata basis.
Benefit Continuation:	Employee may continue her current group medical and/or dental and vision insurance coverage until the earlier of (i) twenty-four (24) months following the Separation Date, or (ii) the date Employee becomes eligible for substantially similar benefits under a benefit plan, program or arrangement through a different employer of the Employee and/or her spouse; provided, however, that the Company’s obligation to continue such benefits shall be conditional on the Employee continuing to pay her share of the premium(s) she was paying on the Separation Date. If continued participation in any such group coverage is prohibited by the terms of such coverage or applicable benefit continuation laws, the Company shall arrange to provide an amount equal to the value (as determined by the Company’s auditors) of such coverage calculated for the remainder of the twenty-four (24) month period.

EX-10.2

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment (this “Amendment”) is made effective as of March 7, 2024 (the “Effective Date”), by and between SSR Mining Inc., a British Columbia corporation (the “Company”), and F. Edward Farid (the “Executive”).

RECITALS

A.    The Executive previously entered into an Employment Agreement, dated as of October 1, 2020, with the Company (the “Employment Agreement”) pursuant to which the Executive was employed as Executive Vice President, Chief Corporate Development Officer for the Company’s parent, SSR Mining Inc.

B.    The Company and the Executive wish to modify the Employment Agreement as set forth in this Amendment to reflect a change in Executive’s position.

C.    The Executive agrees to continue to be employed by the Company on the terms of the Employment Agreement, as modified by this Amendment.

In consideration of the mutual covenants and agreements contained in this Amendment (the receipt and adequacy of which are acknowledged), the parties agree as follows.

ARTICLE 1

PROVISIONS

Section 1.1    Amendments to Employment Agreement

a. As of the Effective Date, Section 2.2 of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

“Subject to the terms and conditions hereinafter contained, the Executive will be employed with the Company as the Parent’s Executive Vice President, Chief Strategy Officer.”

b. As of the Effective Date, the second paragraph of Section 3.2 of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

“Subject to approval by the Board, the Executive will also be eligible to participate in the Company’s long-term incentive plan(s) (“LTIP”), as may be approved the Board from time to time. The annual long-term incentive target value will be 175% of Base Salary.”

Section 1.2    Clarifications

a. For purposes of the Employment Agreement, as amended, Employee’s annual Base Salary is $580,000 as of the Effective Date.

b. For the avoidance of doubt, any plan in which Executive participates pursuant to Section 3.3 of the Employment Agreement shall be subject to the same terms and restrictions applicable to other executives located in the Company’s Denver office.

ARTICLE 2

GENERAL

Section 2.1    Survival

Except as expressly modified by this Amendment, the terms of the Employment Agreement, as amended, shall remain and continue in full force and effect.

Section 2.2    Preamble/Recital

The Executive and the Company acknowledge and agree that the provisions contained in the preamble/recital section of this Amendment shall form part of this Amendment and may be relied upon by either party.

Section 2.3    Counterparts

This Amendment may be executed by the parties in one or more counterparts, each of which when so executed and delivered shall be deemed to be an original and such counterparts shall together constitute one and the same instrument.

Section 2.4    Defined Terms.

All capitalized terms used but not otherwise defined in this Amendment shall have the same meaning given to such terms in the Agreement, except as expressly modified by this Amendment; provided, however, that all internal references to the original “Agreement” shall now be deemed to refer to the “Agreement, as amended.”

[Remainder of page left blank intentionally]

2

IN WITNESS WHEREOF the parties have caused this Agreement to be executed as of the Effective Date.

SSR Mining Inc.

By:     /s/ Rod Antal        

Name:    Rod Antal

Title:    Executive Chairman

Executive

    /s/ F. Edward Farid    

Name: F. Edward Farid

3

EX-10.3

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment (this “Amendment”) is made effective as of March 7, 2024 (the “Effective Date”), by and between SSR Management Inc., a Colorado corporation (the “Company”), and Michael J. Sparks (the “Executive”).

RECITALS

A.    The Executive previously entered into an Employment Agreement, dated as of October 1, 2020, with the Company (the “Employment Agreement”) pursuant to which the Executive was employed as Executive Vice President, Chief Legal and Administrative Officer for the Company’s parent, SSR Mining Inc.

B.    The Company and the Executive wish to modify the Employment Agreement as set forth in this Amendment to reflect a change in Executive’s position.

C.    The Executive agrees to continue to be employed by the Company on the terms of the Employment Agreement, as modified by this Amendment.

In consideration of the mutual covenants and agreements contained in this Amendment (the receipt and adequacy of which are acknowledged), the parties agree as follows.

ARTICLE 1

PROVISIONS

Section 1.1    Amendments to Employment Agreement

a. As of the Effective Date, Section 2.2 of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

“Subject to the terms and conditions hereinafter contained, the Executive will be employed with the Company as the Parent’s Executive Vice President, Chief Financial Officer.”

b. As of the Effective Date, the second paragraph of Section 3.2 of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

“Subject to approval by the Board, the Executive will also be eligible to participate in the Company’s long-term incentive plan(s) (“LTIP”), as may be approved the Board from time to time. The annual long-term incentive target value will be 175% of Base Salary.”

Section 1.2    Clarifications

For purposes of the Employment Agreement, as amended, Employee’s annual Base Salary is $600,000 as of the Effective Date.

ARTICLE 2

GENERAL

Section 2.1    Survival

Except as expressly modified by this Amendment, the terms of the Employment Agreement, as amended, shall remain and continue in full force and effect.

Section 2.2    Preamble/Recital

The Executive and the Company acknowledge and agree that the provisions contained in the preamble/recital section of this Amendment shall form part of this Amendment and may be relied upon by either party.

Section 2.3    Counterparts

This Amendment may be executed by the parties in one or more counterparts, each of which when so executed and delivered shall be deemed to be an original and such counterparts shall together constitute one and the same instrument.

Section 2.4    Defined Terms.

All capitalized terms used but not otherwise defined in this Amendment shall have the same meaning given to such terms in the Agreement, except as expressly modified by this Amendment; provided, however, that all internal references to the original “Agreement” shall now be deemed to refer to the “Agreement, as amended.”

[Remainder of page left blank intentionally]

2

IN WITNESS WHEREOF the parties have caused this Agreement to be executed as of the Effective Date.

SSR Management Inc.

By:     /s/ Rod Antal        

Name:    Rod Antal

Title:    Executive Chairman

Executive

    /s/ Michael J. Sparks    

Name: Michael J. Sparks

Acknowledged and Agreed by:

SSR Mining Inc.

By:     /s/ Rod Antal        

Name: Rod Antal

Title: Executive Chairman

3

EX-31.1

Exhibit 31.1

SSR Mining Inc.

Certification of Chief Executive Officer Certification Pursuant to Rule 13a-14 or 15d-14 of The Securities Exchange Act Of 1934, as Adopted Pursuant to Section 302 of The Sarbanes-Oxley Act of 2002

I, Rodney P. Antal, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of SSR Mining Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.    The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

(a)    All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)    Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: May 8, 2024

/s/ Rodney P. Antal    

Rodney P. Antal

Executive Chairman

EX-31.2

Exhibit 31.2

SSR Mining Inc.

Certification of Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of The Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of The Sarbanes-Oxley Act of 2002

I, Michael J. Sparks, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of SSR Mining Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)    Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)    Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)    Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)    Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.    The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

(a)    All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)    Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: May 8, 2024

/s/ Michael J. Sparks    

Michael J. Sparks

Executive Vice President, Chief Financial Officer

EX-32.1

Exhibit 32.1

SSR Mining Inc.

Certification of Chief Executive Officer Pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report on Form 10-Q of SSR Mining Inc. (the “Company”) for the quarter ended March 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Rodney P. Antal, Executive Chairman of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By: /s/ Rodney P. Antal    Rodney P. Antal
Executive Chairman

Dated: May 8, 2024

EX-32.2

Exhibit 32.2

SSR Mining Inc.

Certification of Chief Financial Officer Pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report on Form 10-Q of SSR Mining Inc. (the “Company”) for the quarter ended March 31, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Michael J. Sparks, Executive Vice President, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

1.     The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.     The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By: /s/ Michael J. Sparks    
Michael J. Sparks
Executive Vice President, Chief Financial Officer

Dated: May 8, 2024

EX-95

Exhibit 95

Mine Safety Information

The following disclosures are provided pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”) and Item 104 of Regulation S-K, which require certain disclosures by companies required to file periodic reports under the Securities Exchange Act of 1934, as amended, that operate mines regulated under the Federal Mine Safety and Health Act of 1977 (the “Mine Act”). The disclosures reflect our U.S. mining operations only as the requirements of the Act and Item 104 of Regulation S-K do not apply to our mines operated outside the United States.

Mine Safety Information. Whenever the Federal Mine Safety and Health Administration (“MSHA”) believes a violation of the Mine Act, any health or safety standard or any regulation has occurred, it may issue a citation which describes the alleged violation and fixes a time within which a U.S. mining operator must abate the alleged violation. In some situations, such as when MSHA believes that conditions pose a hazard to miners, MSHA may issue an order removing miners from the area of the mine affected by the condition until the alleged hazards are corrected. When MSHA issues a citation or order, it generally proposes a civil penalty, or fine, as a result of the alleged violation, that the operator is ordered to pay. Citations and orders can be contested and appealed, and as part of that process, are often reduced in severity and amount, and are sometimes dismissed. The number of citations, orders and proposed assessments vary depending on the size and type (underground or surface) of the mine as well as by the MSHA inspector(s) assigned. In addition to civil penalties, the Mine Act also provides for criminal penalties for an operator who willfully violates a health or safety standard or knowingly violates or fails or refuses to comply with an order issued under Section 107(a) or any final decision issued under the Act.

The below table reflects citations and orders issued to us by MSHA during the quarter ended March 31, 2024. The proposed assessments for the quarter ended March 31, 2024 were taken from the MSHA data retrieval system as of April ___, 2024.

Additional information about the Act and MSHA references used in the table follows.

•Section 104(a) Significant and Substantial ("S&S") Citations. Citations received from MSHA under section 104(a) of the Mine Act for violations of mandatory health or safety standards that could significantly and substantially contribute to the cause and effect of a mine safety or health hazard.

•Section 104(b) Orders. Orders issued by MSHA under section 104(b) of the Mine Act, which represents a failure to abate a citation under section 104(a) within the period of time prescribed by MSHA. This results in an order of immediate withdrawal from the area of the mine affected by the condition until MSHA determines that the violation has been abated.

•Section 104(d) S&S Citations and Orders. Citations and orders issued by MSHA under section 104(d) of the Mine Act for unwarrantable failure to comply with mandatory, significant and substantial health or safety standards.

•Section 110(b)(2) Violations. Flagrant violations issued by MSHA under section 110(b)(2) of the Mine Act.

•Section 107(a) Orders. Orders issued by MSHA under section 107(a) of the Mine Act for situations in which MSHA determined an “imminent danger” (as defined by MSHA) existed.

Quarter Ended March 31, 2024
Mine	Section 104(a) S&S Citations	Section 104(b) Orders	Section 104(d) S&S Citations and Orders	Section 110(b)(2) Violations	Section 107(a) Orders	($ in thousands) Proposed MSHA Assessments	Fatalities
Marigold Mine (MSHA ID# 2602081)	0	0	0	0	0	$—	0

Patternor Potential Pattern of Violations. During the quarter ended March 31, 2024, none of the mines operated by the Company received written notice from MSHA of (a) a pattern of violations of mandatory health or safety standards that are of such nature as could have significantly and substantially contributed to the cause and effect of mine health or safety hazards under section 104(e) of the Mine Act or (b) the potential to have such a pattern.

Pending Legal Actions. Legal actions pending before the Federal Mine Safety and Health Review Commission (the “Commission”), an independent adjudicative agency that provides administrative trial and appellate review of legal disputes arising under the Mine Act, may involve, among other questions, challenges by operators to citations, orders and penalties they have received from MSHA or complaints of discrimination by miners under section 105 of the Mine Act. The following is a brief description of the types of legal actions that may be brought before the Commission.

•Contests of Citations and Orders. A contest proceeding may be filed with the Commission by operators, miners or miners’ representatives to challenge the issuance of a citation or order issued by MSHA.

•Contests of Proposed Penalties (Petitions for Assessment of Penalties): A contest of a proposed penalty is an administrative proceeding before the Commission challenging a civil penalty that MSHA has proposed for the alleged violation contained in a citation or order. The validity of the citation may also be challenged in this proceeding as well.

•Complaints for Compensation: A complaint for compensation may be filed with the Commission by miners entitled to compensation when a mine is closed by certain withdrawal orders issued by MSHA. The purpose of the proceeding is to determine the amount of compensation, if any, due miners idled by the orders.

•Complaints of Discharge, Discrimination or Interference: A discrimination proceeding is a case that involves a miner’s allegation that he or she has suffered a wrong by the operator because he or she engaged in some type of activity protected under the Mine Act, such as making a safety complaint.

•Applications for Temporary Relief: An application for temporary relief from any modification or termination of any order or from any order issued under section 104 of the Mine Act.

•Appeals of Judges’ Decisions or Orders to the Commission: A filing with the Commission of a petition for discretionary review of a Judge’s decision or order by a person who has been adversely affected or aggrieved by such decision or order.

During the quarter ended March 31, 2024, none of the mines operated by the Company had any pending legal actions before the Commission, any legal actions instituted, or any legal actions resolved.

XML

Cover	3 Months Ended
	Mar. 31, 2024 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-35455
Entity Registrant Name	SSR MINING INC.
Entity Incorporation, State or Country Code	A1
Entity Tax Identification Number	98-0211014
Entity Address, Address Line Two	Suite 1300
Entity Address, Address Line One	6900 E. Layton Ave
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80237
City Area Code	303
Local Phone Number	292-1299
Title of 12(b) Security	Common shares without par value
Trading Symbol	SSRM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	202,089,818
Entity Central Index Key	0000921638
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

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Condensed Consolidated Statements of Operations - USD ($)		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue		$ 230,234,000	$ 314,614,000
Operating costs and expenses:
Cost of sales	[1]	125,901,000	199,297,000
Depreciation, depletion, and amortization		38,398,000	47,095,000
General and administrative expense		12,861,000	18,541,000
Exploration and evaluation		10,231,000	10,525,000
Reclamation and remediation costs		275,318,000	2,173,000
Impairment charges		114,230,000	0
Care and maintenance		14,409,000	0
Other operating expenses, net		15,310,000	(2,000)
Operating income (loss)		(376,424,000)	36,985,000
Other income (expense):
Interest expense		(4,655,000)	(5,060,000)
Other income (expense)		3,767,000	13,052,000
Foreign exchange gain (loss)		(913,000)	(13,185,000)
Total other income (expense)		(1,801,000)	(5,193,000)
Income (loss) before income and mining taxes		(378,225,000)	31,792,000
Income and mining tax benefit (expense)		20,237,000	(2,788,000)
Equity income (loss) of affiliates		(174,000)	0
Net income (loss)		(358,162,000)	29,004,000
Net loss (income) attributable to non-controlling interest		71,080,000	809,000
Net income (loss) attributable to SSR Mining shareholders		$ (287,082,000)	$ 29,813,000
Net income (loss) per share attributable to SSR Mining shareholders
Basic (in dollars per share)		$ (1.42)	$ 0.14
Diluted (in dollars per share)		$ (1.42)	$ 0.14

[1] Excludes depreciation, depletion, and amortization.

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Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating activities
Net income (loss)	$ (358,162,000)	$ 29,004,000
Adjustments for:
Depreciation, depletion, and amortization	38,398,000	47,095,000
Reclamation and remediation costs	252,851,000	2,173,000
Deferred income taxes	(22,817,000)	(1,977,000)
Stock-based compensation	(3,942,000)	2,047,000
Equity (income) loss of affiliates	174,000	0
Change in fair value of marketable securities	(2,817,000)	(1,866,000)
Non-cash fair value adjustment on acquired inventories	2,830,000	3,623,000
Loss (gain) on sale of mineral properties, plant and equipment	657,000	240,000
Impairment charges	114,230,000	0
Change in fair value of deferred consideration	(630,000)	2,085,000
Loss (gain) on foreign exchange	3,528,000	8,210,000
Non-cash care and maintenance	6,731,000	0
Other operating activities	1,226,000	235,000
Net change in operating assets and liabilities	(7,626,000)	(87,902,000)
Net cash provided by operating activities	24,631,000	2,967,000
Investing activities
Additions to mineral properties, plant and equipment	(34,035,000)	(59,242,000)
Purchases of marketable securities	(6,338,000)	(484,000)
Net proceeds from sale of marketable securities	3,717,000	7,845,000
Contributions to equity method investments	(122,000)	0
Net cash used in investing activities	(36,778,000)	(51,881,000)
Financing activities
Repayment of debt, principal	0	(17,802,000)
Repurchase of common shares	(9,825,000)	(5,197,000)
Proceeds from exercise of stock options	0	208,000
Principal payments on finance leases	(995,000)	(950,000)
Dividends paid	0	(14,448,000)
Net cash used in financing activities	(10,820,000)	(38,189,000)
Effect of foreign exchange rate changes on cash and cash equivalents	(2,415,000)	(6,191,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(25,382,000)	(93,294,000)
Cash, cash equivalents, and restricted cash beginning of period	492,494,000	689,106,000
Cash, cash equivalents, and restricted cash end of period	467,112,000	595,812,000
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	467,010,000	561,783,000
Restricted cash	102,000	34,029,000
Total cash, cash equivalents, and restricted cash	$ 467,112,000	$ 595,812,000

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Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 467,010	$ 492,393
Marketable securities	24,985	20,944
Trade and other receivables	103,759	142,180
Inventories	465,109	515,143
Restricted cash	102	101
Prepaids and other current assets	20,905	25,715
Total current assets	1,081,870	1,196,476
Mineral properties, plant and equipment, net	3,824,778	3,872,886
Inventories	238,954	219,808
Equity method investments	1,045	127
Deferred income tax assets	27,319	22,307
Other non-current assets	77,816	74,169
Total assets	5,251,782	5,385,773
LIABILITIES
Accounts payable	30,567	37,095
Accrued liabilities and other	130,816	124,639
Reclamation and remediation liabilities	185,797	3,364
Finance lease liabilities	4,633	4,555
Current portion of debt	955	920
Total current liabilities	352,768	170,573
Debt	227,777	227,516
Finance lease liabilities	85,000	86,141
Reclamation and remediation liabilities	240,498	170,455
Deferred income tax liabilities	346,047	363,852
Other non-current liabilities	60,864	63,033
Total liabilities	1,312,954	1,081,570
EQUITY
Common shares – unlimited authorized common shares with no par value; $202,090 and $202,952 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	2,991,225	3,005,015
Retained earnings (deficit)	87,560	368,065
SSR Mining’s shareholders’ equity	3,078,785	3,373,080
Non-controlling interest	860,043	931,123
Total equity	3,938,828	4,304,203
Total liabilities and equity	$ 5,251,782	$ 5,385,773

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Condensed Consolidated Balance Sheets (Parenthetical) - shares shares in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common shares, issued (in shares)	202,090	202,952
Common shares, outstanding (in shares)	202,090	202,952

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Condensed Consolidated Statement of Changes in Equity - USD ($) shares in Thousands, $ in Thousands	Total	Total equity attributable to SSR Mining shareholders	Common shares	Retained earnings (accumulated deficit)	Non-controlling interest
Beginning balance (in shares) at Dec. 31, 2022			206,653
Beginning balance at Dec. 31, 2022	$ 4,126,199	$ 3,579,737	$ 3,057,920	$ 521,817	$ 546,462
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common shares (in shares)			(348)
Repurchase of common shares	(5,197)	(5,197)	$ (5,111)	(86)
Exercise of stock options (in shares)			17
Exercise of stock options	216	216	$ 216
Settlement of restricted share units (RSUs) (in shares)			198
Equity-settled stock-based compensation	2,037	2,037	$ 2,037
Dividends paid to SSR Mining shareholders	(14,448)	(14,448)		(14,448)
Net income (loss)	29,004	29,813		29,813	(809)
Ending balance (in shares) at Mar. 31, 2023			206,520
Ending balance at Mar. 31, 2023	$ 4,137,811	3,592,158	$ 3,055,062	537,096	545,653
Beginning balance (in shares) at Dec. 31, 2023	202,952		202,952
Beginning balance at Dec. 31, 2023	$ 4,304,203	3,373,080	$ 3,005,015	368,065	931,123
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common shares (in shares)			(1,117)
Repurchase of common shares	(9,825)	(9,825)	$ (16,402)	6,577
Settlement of restricted share units (RSUs) (in shares)			255
Equity-settled stock-based compensation	2,612	2,612	$ 2,612
Net income (loss)	$ (358,162)	(287,082)		(287,082)	(71,080)
Ending balance (in shares) at Mar. 31, 2024	202,090		202,090
Ending balance at Mar. 31, 2024	$ 3,938,828	$ 3,078,785	$ 2,991,225	$ 87,560	$ 860,043

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THE COMPANY

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

THE COMPANY

THE COMPANY

SSR Mining Inc. and its subsidiaries (collectively, “SSR Mining” or the “Company”) is a precious metals mining company with four producing assets located in the United States, Türkiye, Canada and Argentina. The Company is principally engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Türkiye and the Americas. The Company produces gold doré as well as copper, silver, lead and zinc concentrates. The Company’s properties include Çöpler Gold Mine (“Çöpler”) in Erzincan, Türkiye, Marigold mine (“Marigold”) in Nevada, USA, Seabee Gold Operation (“Seabee”) in Saskatchewan, Canada, and Puna Operations (“Puna”) in Jujuy, Argentina. The Company also has development projects that it seeks to advance, as market and project conditions permit.

SSR Mining is incorporated under the laws of the Province of British Columbia, Canada. The Company's common shares are listed on the Toronto Stock Exchange (“TSX”) in Canada and the Nasdaq Global Select Market (“Nasdaq”) in the U.S. under the symbol “SSRM” and the Australian Securities Exchange (“ASX”) in Australia under the symbol “SSR.”

On February 13, 2024, the Company suspended all operations at Çöpler as a result of a significant slip on the heap leach pad (the “Çöpler Incident”). See Note 3 for further details.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Risks and Uncertainties

As a mining company, the revenue, profitability and future rate of growth of the Company are substantially dependent on the prevailing prices for gold, silver, lead and zinc. The prices of these metals are volatile and affected by many factors beyond the Company’s control, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital and the quantities of reserves that the Company can economically produce. The carrying value of the Company’s Mineral properties, plant and equipment; Inventories; and Deferred income tax assets are sensitive to the outlook for commodity prices. A decline in the Company’s price outlook could result in material impairment charges related to these assets. In addition, the Company maintains cash balances at banking institutions in various jurisdictions which may or may not have deposit insurance. The Company mitigates potential cash risk by maintaining bank accounts with credit-worthy financial institutions. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company's financial condition, results of operations, and cash flows.

The Company's business may be impacted by adverse macroeconomic and geopolitical conditions. These conditions include inflation, interest rate and foreign currency fluctuations and slowdown of economic activity around the world. The Company maintains its cash and cash equivalents primarily in United States dollars (“USD”). Any fluctuation in the exchange rate of the Turkish Lira (“TRY”), Canadian Dollar (“CAD”), Argentine Peso (“ARS”), or the currency of any other country in which the Company operates, against the USD could result in a loss on the Company’s books to the extent the Company holds funds or net monetary or non-monetary assets denominated in those currencies, and any fluctuations of currency prices generally may result in volatility. Certain of the Company's operations are located in countries that have in the past and are currently experiencing high rates of inflation. It is possible that in the future, high inflation in the countries in which we operate may result in an increase in operational costs in local currencies (without a concurrent devaluation of the local currency of operations against the dollar or an increase in the dollar price of gold, silver, copper, zinc or lead). Maintaining operating costs in currencies subject to significant inflation could expose us to risks relating to devaluation and high domestic inflation.

The Company's business may also be impacted by physical risks that can impact each of its properties, such as those experienced in connection with the Çöpler Incident.

Basis of Presentation

The Condensed Consolidated Financial Statements have been prepared in accordance with the instructions to Form 10-Q and do not include all information and disclosures required by generally accepted accounting principles in the United States. Therefore, this information should be read in conjunction with SSR Mining Inc.’s Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed on February 27, 2024. The information furnished herein reflects all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the interim periods reported. All such adjustments are, in the opinion of management, of a normal recurring nature. The results for the three month period ended March 31, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024.

Recently Issued Accounting Pronouncements

In March 2024, the U.S. Securities and Exchange Commission (“SEC”) issued Final Rule 33-11275 "The Enhancement and Standardization of Climate-Related Disclosures for Investors" (“Final Rule”). The Final Rule requires disclosures regarding information about a registrant's climate-related risks that have a material impact on, or are reasonably likely to have a material impact on, its business strategy, results of operations, or financial condition. In addition, certain disclosures related to capitalized costs, expenditures, and losses incurred as a result of severe weather events and other natural conditions will be required to be disclosed in the footnotes to the audited financial statements. The Final Rule is effective for the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025. On April 4, 2024, the SEC stayed the rules pending the resolution of certain legal challenges. The Company is currently evaluating the impact on the consolidated financial statements.

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” ASU 2023-09 enhances the transparency and decision usefulness of income tax disclosures through changes to the rate reconciliation and income taxes paid information. The standard is effective beginning with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and subsequent interim periods, with early adoption permitted. The Company is currently evaluating the impact on the consolidated financial statements.

In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” ASU 2023-07 expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss and interim disclosures of a reportable segment’s profit or loss and assets. The standard is effective for the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and subsequent interim periods, with early adoption permitted. The Company does not expect the adoption to have a material impact on the consolidated financial statements or disclosures.

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ÇÖPLER INCIDENT

3 Months Ended

Mar. 31, 2024

Asset Retirement Obligation Disclosure [Abstract]

ÇÖPLER INCIDENT

ÇÖPLER INCIDENT

On February 13, 2024, the Company suspended all operations at Çöpler as a result of the Çöpler Incident. The Company is not, at this time, able to estimate or predict when and under what conditions it will resume operations at Çöpler. During the suspension, Care and maintenance was recorded in the Statements of Operations which represents direct costs of $7.7 million and depreciation of $6.7 million.

Financial impacts of the Çöpler Incident

Statement of Operations

	Three Months Ended March 31,
	2024
Reclamation and remediation costs
Incurred remediation costs (1)	$	(22,466)
Estimated future reclamation and remediation costs		(250,437)
		(272,903)
Impairment charges
Leach pad inventory		(76,023)
Mineral properties, plant and equipment, net		(38,207)
		(114,230)
Contingencies and other legal matters		(15,310)
Total operating loss	$	(402,443)

(1)Represents cash outflows included in Reclamation and remediation costs in the Condensed Consolidated Statements of Operations.

Balance Sheet

	March 31, 2024
	Current		Non-current		Total
Liabilities
Reclamation and remediation liabilities	$	182,625	$	67,812	$	250,437
Accrued liabilities and other		15,310		—		15,310
Total liabilities	$	197,935	$	67,812	$	265,747

Remediation and reclamation liabilities

The Company estimated a preliminary cost range of $250.0 to $300.0 million for future reclamation and remediation costs related to the Çöpler Incident. The Company accrued approximately $250.0 million, which represents the low end of the estimated cost range.

Reclamation

During the three months ended March 31, 2024, the Company recorded an $11.2 million revision to the reclamation liability to reflect changes in the timing and extent of the closure of the heap leach pad as a result of the Çöpler Incident. The revision was recorded in Reclamation and remediation costs in the Condensed Consolidated Statements of Operations.

Remediation

During the three months ended March 31, 2024, the Company recorded a remediation liability of $261.7 million as a result of the Çöpler Incident. The remediation activities include movement of the debris out of the Sabırlı Valley and Manganese pit, sloping and stabilization of the heap leach pad in preparation for permanent closure, construction of a permanent storage facility for the debris, and management of surface and ground water in the Sabırlı Valley. The Company incurred $22.5 million of remediation costs during the first quarter of 2024 in connection with the Çöpler Incident. The costs incurred and the remediation liability were recorded in Reclamation and remediation costs in the Condensed Consolidated Statements of Operations. As of March 31, 2024, the remediation liability of $239.2 million consists of $178.5 million classified as current and $60.7 million classified as non-current.

Impairment charges

As a result of the Çöpler Incident, the Company plans to permanently close the heap leach pad; therefore, the Company fully impaired the heap leach pad inventory and related heap leach pad processing facilities. Accordingly, during the three months ended March 31, 2024, the Company recorded non-cash impairment charges of $76.0 million related to Inventories and $38.2 million related to Mineral properties, plant and equipment, net, for a total non-cash impairment charge of $114.2 million. No impairment charges were recognized for the three months ended March 31, 2023.

Contingencies and other legal matters

The Company may be subject to additional legal costs and expenses due to the Çöpler Incident. As of March 31, 2024, the Company has recorded $15.3 million of contingencies related to the Çöpler Incident in Other operating expenses, net in the Condensed Consolidated Statements of Operations and Accrued liabilities and other in the Condensed Consolidated Balance Sheets. See Note 18 for additional information.

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OPERATING SEGMENTS

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

OPERATING SEGMENTS

OPERATING SEGMENTS

The Company currently has four producing mines which represent the Company’s reportable and operating segments. The results of operating segments are reviewed by management to make decisions about resources to be allocated to the segments and to assess their performance. All operations at Çöpler ceased on February 13, 2024, following the Çöpler Incident.

The following tables provide a summary of financial information related to the Company's segments (in thousands):

	Three Months Ended March 31, 2024
	Çöpler		Marigold		Seabee		Puna		Segment Total			Corporate and other (1)	Consolidated
Revenue	$	48,571	$	76,685	$	59,128	$	45,850	$	230,234	$	—	$	230,234
Cost of sales (2)	$	24,423	$	49,071	$	24,433	$	27,974	$	125,901	$	—	$	125,901
Depreciation, depletion, and amortization	$	9,831	$	7,439	$	15,213	$	5,915	$	38,398	$	—	$	38,398
Exploration and evaluation	$	774	$	4,095	$	3,546	$	335	$	8,750	$	1,481	$	10,231
Care and maintenance expenses (3)	$	14,409	$	—	$	—	$	—	$	14,409	$	—	$	14,409
Operating income (loss)	$	(403,803)	$	15,356	$	15,602	$	10,763	$	(362,082)	$	(14,342)	$	(376,424)
Capital expenditures	$	6,541	$	2,432	$	15,773	$	3,359	$	28,105	$	8,132	$	36,237
Total assets as of March 31, 2024	$	2,763,672	$	793,179	$	491,153	$	287,833	$	4,335,837	$	915,945	$	5,251,782

(1)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes.

(2)Excludes depreciation, depletion, and amortization.

(3)Care and maintenance expense represents direct costs not associated with the environmental reclamation and remediation costs of $7.7 million and depreciation of $6.7 million during the suspension of operations at Çöpler starting in the first quarter of 2024.

	Three Months Ended March 31, 2023
	Çöpler		Marigold		Seabee		Puna		Segment Total		Corporate and other (1)		Consolidated
Revenue	$	110,513	$	98,168	$	32,093	$	73,840	$	314,614	$	—	$	314,614
Cost of sales (2)	$	74,646	$	54,541	$	23,265	$	46,845	$	199,297	$	—	$	199,297
Depreciation, depletion, and amortization	$	22,651	$	8,574	$	8,987	$	6,883	$	47,095	$	—	$	47,095
Exploration and evaluation	$	557	$	3,077	$	3,869	$	1,072	$	8,575	$	1,950	$	10,525
Operating income (loss)	$	11,496	$	31,284	$	(4,318)	$	18,223	$	56,685	$	(19,700)	$	36,985
Capital expenditures	$	10,069	$	29,592	$	8,445	$	2,577	$	50,683	$	—	$	50,683
Total assets as of March 31, 2023	$	3,278,695	$	697,817	$	585,557	$	326,660	$	4,888,729	$	346,074	$	5,234,803

(1)Corporate and other consists of business activities that are not included within the reportable segments and provided for reconciliation purposes. During the first quarter of 2023, the Company determined it has four reportable segments: Çöpler, Marigold, Seabee and Puna. The exploration, evaluation and development properties are no longer considered a reportable segment and the portfolio of prospective exploration tenures, near or adjacent to the existing operations (near-mine) are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.

(2)Excludes depreciation, depletion, and amortization.

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REVENUE

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUE

The following table represents revenues by product (in thousands):

	Three Months Ended March 31,
	2024		2023
Gold doré sales
Çöpler	$	48,226	$	109,646
Marigold		76,661		98,132
Seabee		59,103		32,083
Concentrate sales
Puna		48,372		66,348
Other (1)
Çöpler		345		867
Marigold		24		36
Seabee		25		10
Puna		(2,522)		7,492
Total	$	230,234	$	314,614

(1)Other revenue includes changes in the fair value of concentrate trade receivables due to changes in silver and base metal prices; and silver and copper by-product revenue arising from the production and sale of gold doré.

Revenue by metal

Revenue by metal type for the three months ended months ended March 31 are as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Gold	$	183,990	$	239,861
Silver		39,334		49,115
Lead		8,462		12,776
Zinc		576		4,457
Other (1)		(2,128)		8,405
Total	$	230,234	$	314,614

(1)Other revenue includes changes in the fair value of concentrate trade receivables due to fluctuations in silver and base metal prices; and silver and copper by-product revenue arising from the production and sale of gold doré.

Provisional metal sales

For the three months ended March 31, 2024 and 2023, the change in the fair value of the Company's embedded derivatives relating to provisional concentrate metal sales was an increase (decrease) of $(2.5) million and $7.5 million, respectively. The changes in fair value have been recorded in Revenue.

At March 31, 2024, the Company had silver sales of 4.5 million ounces at an average price of $23.57 per ounce, lead sales of 21.81 million pounds at an average price of $0.95 per pound, and zinc sales of 2.5 million pounds at an average price of $1.22 per pound, subject to normal course final pricing over the next several months.

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INCOME AND MINING TAXES

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

INCOME AND MINING TAXES

INCOME AND MINING TAXES

The Company’s consolidated effective income tax rate was 5.4% for the first three months of 2024 compared to 8.8% for the first three months of 2023. The primary drivers of the change in the effective rate were due to foreign currency fluctuations and a decline in year-to-date operating income compared to 2023.

The Company’s statutory tax rate for the period is 27.0%. The effective rate differs from the statutory rate primarily due to foreign currency fluctuations.

Unrecognized Tax Benefits

The Company records uncertain tax positions on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions meeting the “more-likely-than-not” recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50% likely to be realized upon ultimate settlement with the related tax authority.

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, inclusive of interest and penalties, is as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Balance as of January 1	$	—	$	8,574
Increase (decrease) associated with tax positions taken during a prior year (1)		—		(6,594)
Balance as of March 31 (1)	$	—	$	1,980

(1)Of the gross unrecognized tax benefits, nil were recognized as current liabilities in Condensed Consolidated Balance Sheet as of March 31, 2024.

As of March 31, 2024 and December 31, 2023, there were no unrecognized tax benefits, inclusive of interest and penalties that, if recognized, would impact the Company’s effective income tax rate. As of March 31, 2024 and December 31, 2023, there were no accrued income-tax-related interest and penalties.

On March 12, 2023, Türkiye enacted Tax Amnesty legislation, which allowed taxpayers to voluntarily pay tax on uncertain tax positions and waived assessed interest, penalties up to 50.0% of tax and risk of audit if paid in accordance with the process outlined in the legislation. As a result, during the year ended December 31, 2023, the Company released $7.2 million of tax, interest, and penalties in Income and mining tax benefit (expense) in the Condensed Consolidated Statements of Operations and paid $1.4 million in a cash tax payment in accordance with the Tax Amnesty agreement. As of March 31, 2024 and December 31, 2023, the Company no longer maintains a provision for uncertain tax positions as there are no positions that meet the criteria.

On December 20, 2023, Pillar Two minimum tax legislation was enacted in Luxembourg, a jurisdiction in which the Company operates. The legislation is effective for the Company’s financial year beginning January 1, 2024. Furthermore, Canada has Pillar Two legislation in draft form that, if enacted, would take retroactive effect from January 1, 2024. Pillar Two is a global corporate tax framework developed by the Organization for Economic Cooperation and Development (“OECD”) aimed at establishing a minimum tax floor of 15% on multinational corporate profits.

For the three months ended March 31, 2024, the Company satisfies the transitional safe harbors with respect to the legislation enacted in Luxembourg and thus has not recorded additional tax expense for Pillar Two. However, exposure may exist in other jurisdictions if legislation is enacted at the ultimate parent level in Canada. The Company continues to monitor Pillar Two exposures.

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OTHER OPERATING EXPENSES, NET

3 Months Ended

Mar. 31, 2024

Other Income and Expenses [Abstract]

OTHER OPERATING EXPENSES, NET

OTHER OPERATING EXPENSE, NET

The following table includes the components of Other operating expense, net:

	Three Months Ended March 31,
	2024		2023
Contingencies related to the Çöpler Incident	$	15,310	$	—
Other		—		(2)
Total	$	15,310	$	(2)

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OTHER INCOME (EXPENSE)

3 Months Ended

Mar. 31, 2024

Other Income and Expenses [Abstract]

OTHER INCOME (EXPENSE)

OTHER INCOME (EXPENSE)

The following table includes the components of Other income (expense):

	Three Months Ended March 31,
	2024		2023
Interest income	$	6,296	$	7,646
Gain (loss) on investments and on marketable security sales		1,177		—
Change in fair value of marketable securities		(2,817)		1,866
Gain (loss) on sale of mineral properties, plant, and equipment		—		(240)
Other		(889)		3,780
Total	$	3,767	$	13,052

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INCOME (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

INCOME (LOSS) PER SHARE

INCOME (LOSS) PER SHARE

The Company calculates basic net income (loss) per share using, as the denominator, the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share uses, as its denominator, the weighted average number of common shares outstanding during the period plus the effect of potential dilutive shares during the period.

Potential dilutive common shares include stock options, Restricted Share Units (“RSUs”), and convertible notes for periods in which the Company has reported net income (loss).

The calculations of basic and diluted net income (loss) per share attributable to SSR Mining shareholders for the three months ended months ended March 31, 2024 and 2023 are based on the following (in thousands):

	Three Months Ended March 31,
	2024		2023
Net income (loss)	$	(358,162)	$	29,004
Net (income) loss attributable to non-controlling interest		71,080		809
Net income (loss) attributable to SSR Mining shareholders		(287,082)		29,813
Interest saving on 2019 Notes, net of tax		—		1,221
Net income (loss) used in the calculation of diluted net income per share	$	(287,082)	$	31,034
Weighted average number of common shares issued		202,355		206,778
Adjustments for dilutive instruments:
Restricted share units		—		14
2019 Notes		—		12,611
Diluted weighted average number of shares outstanding		202,355		219,403
Net income (loss) per share attributable to SSR Mining shareholders
Basic	$	(1.42)	$	0.14
Diluted	$	(1.42)	$	0.14

For the three months ended March 31, 2024, $1.2 million of interest saving on convertible notes, net of tax, and 12,921 shares were excluded from the diluted income per common share calculation because the Company incurred a net loss and the effect would be antidilutive.

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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS

Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2 - Quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, quoted prices or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability and model-based valuation techniques (e.g. the Black-Scholes model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and

Level 3 - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The following tables set forth the Company’s assets and liabilities measured at fair value on a recurring (at least annually) and nonrecurring basis by level within the fair value hierarchy (in thousands):

	Fair value at March 31, 2024
	Level 1 (1)		Level 2 (2)		Level 3		Total
Assets:
Cash	$	467,010	$	—	$	—	$	467,010
Restricted cash		102		—		—		102
Marketable securities		33,017		—		—		33,017
Trade receivables from provisional sales, net		—		55,220		—		55,220
Deferred consideration		—		—		21,843		21,843
	$	500,129	$	55,220	$	21,843	$	577,192
Liabilities:
Contingent consideration	$	—	$	—	$	28,986	$	28,986
Option liability - EMX shares (3)		—		2,194		—		2,194
	$	—	$	2,194	$	28,986	$	31,180

	Fair value at December 31, 2023
	Level 1 (1)		Level 2 (2)		Level 3		Total
Assets:
Cash	$	492,393	$	—	$	—	$	492,393
Restricted cash		101		—		—		101
Marketable securities		28,351		—		—		28,351
Trade receivables from provisional sales, net		—		86,897		—		86,897
Deferred consideration		—		—		21,213		21,213
	$	520,845	$	86,897	$	21,213	$	628,955
Liabilities:
Contingent consideration	$	—	$	—	$	29,648	$	29,648
Option liability - EMX shares (3)		—		1,431		—		1,431
	$	—	$	1,431	$	29,648	$	31,079

(1)Marketable securities of publicly quoted companies, consisting of investments, are valued using a market approach based upon unadjusted quoted prices in an active market obtained from securities exchanges.  

(2)The Company’s provisional metal sales contracts, included in Trade and other receivables in the Consolidated Balance Sheets, are valued using inputs derived from observable market data, including quoted commodity forward prices. The inputs do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy.

(3)The fair value of the option liability, which represents the option of the holder to acquire an EMX common share from SSR, was determined using the Black-Scholes model. The inputs to the Black-Scholes model included the EMX stock price of CAD $2.34 per share, exercise price of CAD $2.27 per unit, one-year maturity, one-year risk-free rate of 5.0%, and annualized volatility of 34.9%.

Deferred and contingent consideration are included in Level 3 as certain assumptions used in the calculation of the fair value are not based on observable market data. The following table reconciles the beginning and ending balances for financial instruments that are recognized at fair value using significant unobservable inputs (Level 3) in the consolidated financial statements (in thousands):

	Three Months Ended March 31,
	2024		2023
Deferred consideration assets:
Balance as of January 1	$	21,213	$	24,369
Revaluations		630		(2,085)
Balance as of March 31	$	21,843	$	22,284

	Three Months Ended March 31,
	2024		2023
Contingent consideration liabilities:
Balance as of January 1	$	29,648	$	—
Revaluations		(662)		—
Balance as of March 31	$	28,986	$	—

Fair values of financial assets and liabilities not already measured at fair value

The fair value of the 2019 Notes as compared to the carrying amounts were as follows (in thousands): 

		March 31, 2024				December 31, 2023
	Level	Carrying amount		Fair value		Carrying amount		Fair value
2019 Notes (1)	1	$	227,777	$	205,275	$	227,516	$	216,545

(1)The fair value disclosed for the Company's 2019 Notes is included in Level 1 as the basis of valuation uses a quoted price in an active market.

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TRADE AND OTHER RECEIVABLES

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

TRADE AND OTHER RECEIVABLES

TRADE AND OTHER RECEIVABLES

Trade and other receivables was composed of the following (in thousands):

	March 31, 2024		December 31, 2023
Trade receivables	$	56,618	$	91,340
Value added tax receivables		25,788		30,554
Income tax receivable		1,866		3,172
Other taxes receivable		17,056		11,734
Other		2,431		5,380
Total	$	103,759	$	142,180

No provision for credit loss was recognized as of March 31, 2024 or December 31, 2023. All trade receivables are expected to be settled within twelve months.

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INVENTORIES

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

The components of Inventories for the periods ended March 31, 2024 and December 31, 2023 are as follows (in thousands):

	March 31, 2024		December 31, 2023
Materials and supplies	$	124,181	$	104,217
Stockpiled ore		57,317		77,142
Leach pad inventory		253,121		305,271
Work-in-process		13,541		7,189
Finished goods		16,949		21,324
Total current inventories		465,109		515,143
Stockpiled ore		238,954		218,139
Materials and supplies		—		1,669
Total non-current inventories	$	238,954	$	219,808

During the three months ended March 31, 2024, following the Çöpler Incident, the Company recognized an impairment of leach pad inventory at Çöpler of $76.0 million classified as a component of Impairment charges. See Note 3 for further information relating to the impairment of inventories.

During the three months ended March 31, 2023, the Company recognized write-downs of leach pad inventory at Çöpler of $2.0 million, with $1.3 million classified as a component of Cost of sales and $0.7 million classified as a component of Depreciation, depletion and amortization in the Consolidated Statements of Operations.

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MINERAL PROPERTIES, PLANT AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

MINERAL PROPERTIES, PLANT AND EQUIPMENT, NET

MINERAL PROPERTIES, PLANT AND EQUIPMENT, NET

The components of Mineral properties, plant and equipment, net are as follows (in thousands):

	March 31, 2024		December 31, 2023
Plant and equipment (1)	$	1,853,060	$	1,889,634
Construction in process		92,210		86,304
Mineral properties subject to depletion		2,092,706		2,085,678
Mineral properties not yet subject to depletion		880,135		878,712
Exploration and evaluation assets		253,841		253,842
Total mineral properties, plant, and equipment		5,171,952		5,194,170
Accumulated depreciation, plant and equipment		(724,306)		(714,579)
Accumulated depletion, mineral properties		(622,868)		(606,705)
Mineral properties, plant, and equipment, net	$	3,824,778	$	3,872,886

(1)As of March 31, 2024 and December 31, 2023, plant and equipment includes finance lease right-of-use assets with a carrying amount of $83.5 million and $84.7 million, respectively.

During the three months ended March 31, 2024, the Company concluded that certain mineral properties, plant and equipment at Çöpler was impaired and recorded a non-cash impairment. See Note 3 for further details relating to impairment of mineral properties, plant and equipment. No impairment was recognized for the three months ended March 31, 2023.

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ACCRUED LIABILITIES AND OTHER

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

ACCRUED LIABILITIES AND OTHER

ACCRUED LIABILITIES AND OTHER

Accrued liabilities and other are comprised of the following items (in thousands):

	March 31, 2024		December 31, 2023
Accrued liabilities	$	84,895	$	66,478
Royalties payable		21,751		28,550
Stock-based compensation liabilities		3,373		9,048
Income taxes payable		14,786		16,392
Lease liabilities		1,566		1,545
Other		4,445		2,626
Total accrued liabilities and other	$	130,816	$	124,639

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DEBT

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

DEBT

DEBT

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

	March 31, 2024		December 31, 2023
2019 Notes (1)	$	227,777	$	227,516
Other		955		920
Total carrying amount	$	228,732	$	228,436
Current Portion	$	955	$	920
Non-Current Portion	$	227,777	$	227,516

(1)Amount is net of discount and debt issuance costs of $2.2 million and $2.5 million, respectively.

Convertible Debt

2019 Notes

On March 19, 2019, the Company issued $230.0 million of 2.50% convertible senior notes due in 2039 (the “2019 Notes”) for net proceeds of $222.9 million after payment of commissions and expenses related to the offering of $7.1 million. The 2019 Notes mature on April 1, 2039 and bear an interest rate of 2.50% per annum, payable semi-annually in arrears on April 1 and October 1 of each year. The 2019 Notes are convertible into the Company's common shares at a fixed conversion rate, subject to certain anti-dilution adjustments. In addition, if certain fundamental changes occur, holders of the 2019 Notes may be entitled to an increased conversion rate.

As a result of dividends paid in 2023 and in accordance with the 2019 Notes Agreement, during the fourth quarter of 2023 the conversion rate was adjusted to 56.7931 common shares per $1,000 principal amount of the 2019 Notes converted.

Prior to April 1, 2026, the Company may redeem all or part of the 2019 Notes for cash, but only if the last reported sales price of its common shares for 20 or more trading days in a period of 30 consecutive trading days exceeds 130% of the conversion price in effect on each such trading day. On or after April 1, 2026, the Company may redeem the 2019 Notes in full or in part, for cash.

Holders of the 2019 Notes have the right to require the Company to repurchase all or part of their 2019 Notes on April 1 of each of 2026, 2029 and 2034, or upon certain fundamental corporate changes. The repurchase price will be equal to par plus accrued and unpaid interest.

The Company does not have any financial covenants in relation to the 2019 Notes, however it does contain a cross default provision with the Second Amended Credit Agreement.

Credit Agreement

On August 15, 2023, the Company entered into a further amendment to the Amended Credit Agreement (the “Second Amended Credit Agreement”) with the Bank of Nova Scotia, as administrative agent, and along with Canadian Imperial Bank of Commerce, as co-lead arrangers and joint bookrunners, the lenders party thereto and certain subsidiary guarantors named therein. The amendment, among other things, (i) extends the maturity to August 15, 2027, (ii) increases the credit agreement to $400.0 million with an additional accordion feature of $100.0 million and (iii) modifies the reference rate from LIBOR to an adjusted SOFR plus applicable margin varying based on the Company’s consolidated leverage ratio and amounts drawn on the credit facility ranging from 2.00% to 2.75%. The adjusted SOFR includes a credit spread adjustment of 0.10% for all interest periods

As of March 31, 2024, the Company was in compliance with its covenants. As of March 31, 2024, no borrowings were outstanding on the Second Amended Credit Agreement, $399.1 million of borrowing capacity was available and outstanding letters of credit totaled $0.9 million.

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EQUITY

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

EQUITY

EQUITY

Repurchase of common shares

On June 16, 2023, the Company received approval of its Normal Course Issuer Bid ("2023 NCIB") to purchase for cancellation up to 10.2 million of its common shares through the facilities of the TSX, Nasdaq or other Canadian and U.S. marketplaces over a twelve month period beginning June 20, 2023 and ending June 19, 2024. On November 27, 2023, in connection with the 2023 NCIB, the Company entered into an automatic share purchase plan with its broker to allow for the repurchase of shares at times when the Company ordinarily would not be active in the market due to regulatory restrictions and customary self-imposed blackout periods. Following the Çöpler Incident, the Company terminated the automatic share purchase plan effective March 1, 2024.

On June 19, 2023, the Normal Course Issuer Bid established as of June 20, 2022 (the “2022 NCIB”), expired. Under the 2022 NCIB, the Company was authorized to purchase for cancellation up to 10.6 million of its common shares through the facilities of the TSX, Nasdaq or other Canadian and U.S. marketplaces over a twelve month period.

During the three months ended March 31, 2024, and prior to the Çöpler Incident, the Company purchased 1,117,100 of its outstanding common shares at an average share price of $8.79 per share for total consideration of $9.8 million. All shares were cancelled upon purchase. The difference of $6.6 million reflects the difference between the total amount paid and the amount deducted from common shares of $16.4 million was recorded as an increase to retained earnings. The amount deducted from common shares was determined based on the average paid in capital per common share outstanding prior to the repurchase date.

During the three months ended March 31, 2023, the Company purchased 348,171 of its outstanding common shares at an average share price of $14.92 per share for total consideration of $5.2 million. All shares were cancelled upon purchase. During the three months ended March 31, 2023, the difference of $0.1 million between the total amount paid and the amount deducted from common shares of $5.1 million was recorded as a direct charge to retained earnings. The amount deducted from common shares was determined based on the average paid in capital per common share outstanding prior to the repurchase date.

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SUPPLEMENTAL CASH FLOW INFORMATION

3 Months Ended

Mar. 31, 2024

Supplemental Cash Flow Information [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

SUPPLEMENTAL CASH FLOW INFORMATION

Net change in operating assets and liabilities during the three months ended March 31, 2024 and 2023 were as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Decrease (increase) in operating assets:
Trade and other receivables	$	37,794	$	(45,705)
Inventories		(47,832)		(28,019)
Other operating assets		286		(5,564)
Increase (decrease) in operating liabilities:
Accounts payable		(5,647)		1,280
Accrued liabilities		6,978		(8,423)
Reclamation and remediation liabilities		(193)		(380)
Other operating liabilities		988		(1,091)
	$	(7,626)	$	(87,902)

Other cash information during the three months ended March 31, 2024 and 2023 were as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Interest paid	$	(3,272)	$	(4,732)
Interest received	$	4,913	$	3,205
Income taxes paid	$	(1,855)	$	(15,534)

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COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

General

Estimated losses from loss contingencies are accrued by a charge to income when information is available prior to the issuance of the financial statements that indicates it is probable that a liability could be incurred, and the amount of the loss can by reasonably estimated. Legal expenses associated with the loss contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.

Environmental matters

The Company uses surety bonds to support certain environmental bonding obligations. As of March 31, 2024 and December 31, 2023, the Company had surety bonds totaling $142.0 million and $142.7 million outstanding, respectively.

Other Commitments and Contingencies

As of March 31, 2024, the Company has recorded $15.3 million of contingencies related to the Çöpler Incident in Other operating expenses, net in the Condensed Consolidated Statements of Operations and Accrued liabilities and other in the Condensed Consolidated Balance Sheets.

Following the Çöpler Incident, the Company has been named as a defendant in six securities class actions and is subject to various risks and contingencies arising in the normal course of business. Based on the information currently available to the Company, no liability has been recorded for these lawsuits because the Company believes that any such liability is not probable and reasonably estimable at this time. See Note 3 for further details.

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Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (287,082)	$ 29,813

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Insider Trading Arrangements

3 Months Ended

Mar. 31, 2024

shares

Trading Arrangements, by Individual

Rule 10b5-1 Arrangement Adopted

false

Non-Rule 10b5-1 Arrangement Adopted

false

Non-Rule 10b5-1 Arrangement Terminated

false

Rod Antal [Member]

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

On September 28, 2023, Rod Antal, the Company’s Executive Chairman, adopted a Rule 10b5-1 trading arrangement for the sale of up to 200,000 common shares, which was originally scheduled to expire on December 31, 2024. Following the Çöpler Incident, Mr. Antal terminated this 10b5-1 trading arrangement on March 18, 2024.

Name

Rod Antal

Title

Executive Chairman

Rule 10b5-1 Arrangement Terminated

true

Termination Date

March 18, 2024

Arrangement Duration

460 days

Aggregate Available

200,000

Micheal Sparks [Member]

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

On September 28, 2023, Michael Sparks, the Company’s Executive Vice President, Chief Legal and Administrative Officer, adopted a Rule 10b5-1 trading arrangement for the sale and donation of up to 37,000 common shares, which was originally scheduled to expire on December 31, 2024. Following the Çöpler Incident, Mr. Sparks terminated this 19b5-1 trading arrangement on February 20, 2024.

Name

Michael Sparks

Title

Executive Vice President

Rule 10b5-1 Arrangement Terminated

true

Termination Date

February 20, 2024

Arrangement Duration

460 days

Aggregate Available

37,000

F. Edward Farid [Member]

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

On September 29, 2023, F. Edward Farid, the Company’s Executive Vice President, Chief Corporate Development Officer, adopted a Rule 10b5-1 trading arrangement for the sale of up to 27,500 common shares, which was originally scheduled to expire on December 31, 2024. Following the Çöpler Incident, Mr. Farid terminated this 10b5-1 trading arrangement on February 20, 2024.

Name

F. Edward Farid

Title

Executive Vice President

Rule 10b5-1 Arrangement Terminated

true

Termination Date

February 20, 2024

Arrangement Duration

459 days

Aggregate Available

27,500

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Risks and Uncertainties

Risks and Uncertainties

As a mining company, the revenue, profitability and future rate of growth of the Company are substantially dependent on the prevailing prices for gold, silver, lead and zinc. The prices of these metals are volatile and affected by many factors beyond the Company’s control, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital and the quantities of reserves that the Company can economically produce. The carrying value of the Company’s Mineral properties, plant and equipment; Inventories; and Deferred income tax assets are sensitive to the outlook for commodity prices. A decline in the Company’s price outlook could result in material impairment charges related to these assets. In addition, the Company maintains cash balances at banking institutions in various jurisdictions which may or may not have deposit insurance. The Company mitigates potential cash risk by maintaining bank accounts with credit-worthy financial institutions. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company's financial condition, results of operations, and cash flows.

The Company's business may be impacted by adverse macroeconomic and geopolitical conditions. These conditions include inflation, interest rate and foreign currency fluctuations and slowdown of economic activity around the world. The Company maintains its cash and cash equivalents primarily in United States dollars (“USD”). Any fluctuation in the exchange rate of the Turkish Lira (“TRY”), Canadian Dollar (“CAD”), Argentine Peso (“ARS”), or the currency of any other country in which the Company operates, against the USD could result in a loss on the Company’s books to the extent the Company holds funds or net monetary or non-monetary assets denominated in those currencies, and any fluctuations of currency prices generally may result in volatility. Certain of the Company's operations are located in countries that have in the past and are currently experiencing high rates of inflation. It is possible that in the future, high inflation in the countries in which we operate may result in an increase in operational costs in local currencies (without a concurrent devaluation of the local currency of operations against the dollar or an increase in the dollar price of gold, silver, copper, zinc or lead). Maintaining operating costs in currencies subject to significant inflation could expose us to risks relating to devaluation and high domestic inflation.

The Company's business may also be impacted by physical risks that can impact each of its properties, such as those experienced in connection with the Çöpler Incident.

Basis of Presentation

Basis of Presentation

The Condensed Consolidated Financial Statements have been prepared in accordance with the instructions to Form 10-Q and do not include all information and disclosures required by generally accepted accounting principles in the United States. Therefore, this information should be read in conjunction with SSR Mining Inc.’s Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed on February 27, 2024. The information furnished herein reflects all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the interim periods reported. All such adjustments are, in the opinion of management, of a normal recurring nature. The results for the three month period ended March 31, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

In March 2024, the U.S. Securities and Exchange Commission (“SEC”) issued Final Rule 33-11275 "The Enhancement and Standardization of Climate-Related Disclosures for Investors" (“Final Rule”). The Final Rule requires disclosures regarding information about a registrant's climate-related risks that have a material impact on, or are reasonably likely to have a material impact on, its business strategy, results of operations, or financial condition. In addition, certain disclosures related to capitalized costs, expenditures, and losses incurred as a result of severe weather events and other natural conditions will be required to be disclosed in the footnotes to the audited financial statements. The Final Rule is effective for the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025. On April 4, 2024, the SEC stayed the rules pending the resolution of certain legal challenges. The Company is currently evaluating the impact on the consolidated financial statements.

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” ASU 2023-09 enhances the transparency and decision usefulness of income tax disclosures through changes to the rate reconciliation and income taxes paid information. The standard is effective beginning with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and subsequent interim periods, with early adoption permitted. The Company is currently evaluating the impact on the consolidated financial statements.

In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” ASU 2023-07 expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss and interim disclosures of a reportable segment’s profit or loss and assets. The standard is effective for the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and subsequent interim periods, with early adoption permitted. The Company does not expect the adoption to have a material impact on the consolidated financial statements or disclosures.

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ÇÖPLER INCIDENT (Tables)

3 Months Ended

Mar. 31, 2024

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Financial Impacts of the Çöpler Incident

Financial impacts of the Çöpler Incident

Statement of Operations

	Three Months Ended March 31,
	2024
Reclamation and remediation costs
Incurred remediation costs (1)	$	(22,466)
Estimated future reclamation and remediation costs		(250,437)
		(272,903)
Impairment charges
Leach pad inventory		(76,023)
Mineral properties, plant and equipment, net		(38,207)
		(114,230)
Contingencies and other legal matters		(15,310)
Total operating loss	$	(402,443)

(1)Represents cash outflows included in Reclamation and remediation costs in the Condensed Consolidated Statements of Operations.

Balance Sheet

	March 31, 2024
	Current		Non-current		Total
Liabilities
Reclamation and remediation liabilities	$	182,625	$	67,812	$	250,437
Accrued liabilities and other		15,310		—		15,310
Total liabilities	$	197,935	$	67,812	$	265,747

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OPERATING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables provide a summary of financial information related to the Company's segments (in thousands):

	Three Months Ended March 31, 2024
	Çöpler		Marigold		Seabee		Puna		Segment Total			Corporate and other (1)	Consolidated
Revenue	$	48,571	$	76,685	$	59,128	$	45,850	$	230,234	$	—	$	230,234
Cost of sales (2)	$	24,423	$	49,071	$	24,433	$	27,974	$	125,901	$	—	$	125,901
Depreciation, depletion, and amortization	$	9,831	$	7,439	$	15,213	$	5,915	$	38,398	$	—	$	38,398
Exploration and evaluation	$	774	$	4,095	$	3,546	$	335	$	8,750	$	1,481	$	10,231
Care and maintenance expenses (3)	$	14,409	$	—	$	—	$	—	$	14,409	$	—	$	14,409
Operating income (loss)	$	(403,803)	$	15,356	$	15,602	$	10,763	$	(362,082)	$	(14,342)	$	(376,424)
Capital expenditures	$	6,541	$	2,432	$	15,773	$	3,359	$	28,105	$	8,132	$	36,237
Total assets as of March 31, 2024	$	2,763,672	$	793,179	$	491,153	$	287,833	$	4,335,837	$	915,945	$	5,251,782

(1)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes.

(2)Excludes depreciation, depletion, and amortization.

(3)Care and maintenance expense represents direct costs not associated with the environmental reclamation and remediation costs of $7.7 million and depreciation of $6.7 million during the suspension of operations at Çöpler starting in the first quarter of 2024.

	Three Months Ended March 31, 2023
	Çöpler		Marigold		Seabee		Puna		Segment Total		Corporate and other (1)		Consolidated
Revenue	$	110,513	$	98,168	$	32,093	$	73,840	$	314,614	$	—	$	314,614
Cost of sales (2)	$	74,646	$	54,541	$	23,265	$	46,845	$	199,297	$	—	$	199,297
Depreciation, depletion, and amortization	$	22,651	$	8,574	$	8,987	$	6,883	$	47,095	$	—	$	47,095
Exploration and evaluation	$	557	$	3,077	$	3,869	$	1,072	$	8,575	$	1,950	$	10,525
Operating income (loss)	$	11,496	$	31,284	$	(4,318)	$	18,223	$	56,685	$	(19,700)	$	36,985
Capital expenditures	$	10,069	$	29,592	$	8,445	$	2,577	$	50,683	$	—	$	50,683
Total assets as of March 31, 2023	$	3,278,695	$	697,817	$	585,557	$	326,660	$	4,888,729	$	346,074	$	5,234,803

(1)Corporate and other consists of business activities that are not included within the reportable segments and provided for reconciliation purposes. During the first quarter of 2023, the Company determined it has four reportable segments: Çöpler, Marigold, Seabee and Puna. The exploration, evaluation and development properties are no longer considered a reportable segment and the portfolio of prospective exploration tenures, near or adjacent to the existing operations (near-mine) are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.

(2)Excludes depreciation, depletion, and amortization.

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REVENUE (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table represents revenues by product (in thousands):

	Three Months Ended March 31,
	2024		2023
Gold doré sales
Çöpler	$	48,226	$	109,646
Marigold		76,661		98,132
Seabee		59,103		32,083
Concentrate sales
Puna		48,372		66,348
Other (1)
Çöpler		345		867
Marigold		24		36
Seabee		25		10
Puna		(2,522)		7,492
Total	$	230,234	$	314,614

(1)Other revenue includes changes in the fair value of concentrate trade receivables due to changes in silver and base metal prices; and silver and copper by-product revenue arising from the production and sale of gold doré.

Revenue by metal type for the three months ended months ended March 31 are as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Gold	$	183,990	$	239,861
Silver		39,334		49,115
Lead		8,462		12,776
Zinc		576		4,457
Other (1)		(2,128)		8,405
Total	$	230,234	$	314,614

(1)Other revenue includes changes in the fair value of concentrate trade receivables due to fluctuations in silver and base metal prices; and silver and copper by-product revenue arising from the production and sale of gold doré.

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INCOME AND MINING TAXES (Tables)

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, inclusive of interest and penalties, is as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Balance as of January 1	$	—	$	8,574
Increase (decrease) associated with tax positions taken during a prior year (1)		—		(6,594)
Balance as of March 31 (1)	$	—	$	1,980

(1)Of the gross unrecognized tax benefits, nil were recognized as current liabilities in Condensed Consolidated Balance Sheet as of March 31, 2024.

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OTHER OPERATING EXPENSES, NET (Tables)

3 Months Ended

Mar. 31, 2024

Other Income and Expenses [Abstract]

Schedule of Other Operating Expenses, Net

The following table includes the components of Other operating expense, net:

	Three Months Ended March 31,
	2024		2023
Contingencies related to the Çöpler Incident	$	15,310	$	—
Other		—		(2)
Total	$	15,310	$	(2)

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OTHER INCOME (EXPENSE) (Tables)

3 Months Ended

Mar. 31, 2024

Other Income and Expenses [Abstract]

Schedule of Other Income (Expense)

The following table includes the components of Other income (expense):

	Three Months Ended March 31,
	2024		2023
Interest income	$	6,296	$	7,646
Gain (loss) on investments and on marketable security sales		1,177		—
Change in fair value of marketable securities		(2,817)		1,866
Gain (loss) on sale of mineral properties, plant, and equipment		—		(240)
Other		(889)		3,780
Total	$	3,767	$	13,052

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INCOME (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share, Basic and Diluted

The calculations of basic and diluted net income (loss) per share attributable to SSR Mining shareholders for the three months ended months ended March 31, 2024 and 2023 are based on the following (in thousands):

	Three Months Ended March 31,
	2024		2023
Net income (loss)	$	(358,162)	$	29,004
Net (income) loss attributable to non-controlling interest		71,080		809
Net income (loss) attributable to SSR Mining shareholders		(287,082)		29,813
Interest saving on 2019 Notes, net of tax		—		1,221
Net income (loss) used in the calculation of diluted net income per share	$	(287,082)	$	31,034
Weighted average number of common shares issued		202,355		206,778
Adjustments for dilutive instruments:
Restricted share units		—		14
2019 Notes		—		12,611
Diluted weighted average number of shares outstanding		202,355		219,403
Net income (loss) per share attributable to SSR Mining shareholders
Basic	$	(1.42)	$	0.14
Diluted	$	(1.42)	$	0.14

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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, by Balance Sheet Grouping

The following tables set forth the Company’s assets and liabilities measured at fair value on a recurring (at least annually) and nonrecurring basis by level within the fair value hierarchy (in thousands):

	Fair value at March 31, 2024
	Level 1 (1)		Level 2 (2)		Level 3		Total
Assets:
Cash	$	467,010	$	—	$	—	$	467,010
Restricted cash		102		—		—		102
Marketable securities		33,017		—		—		33,017
Trade receivables from provisional sales, net		—		55,220		—		55,220
Deferred consideration		—		—		21,843		21,843
	$	500,129	$	55,220	$	21,843	$	577,192
Liabilities:
Contingent consideration	$	—	$	—	$	28,986	$	28,986
Option liability - EMX shares (3)		—		2,194		—		2,194
	$	—	$	2,194	$	28,986	$	31,180

	Fair value at December 31, 2023
	Level 1 (1)		Level 2 (2)		Level 3		Total
Assets:
Cash	$	492,393	$	—	$	—	$	492,393
Restricted cash		101		—		—		101
Marketable securities		28,351		—		—		28,351
Trade receivables from provisional sales, net		—		86,897		—		86,897
Deferred consideration		—		—		21,213		21,213
	$	520,845	$	86,897	$	21,213	$	628,955
Liabilities:
Contingent consideration	$	—	$	—	$	29,648	$	29,648
Option liability - EMX shares (3)		—		1,431		—		1,431
	$	—	$	1,431	$	29,648	$	31,079

(1)Marketable securities of publicly quoted companies, consisting of investments, are valued using a market approach based upon unadjusted quoted prices in an active market obtained from securities exchanges.  

(2)The Company’s provisional metal sales contracts, included in Trade and other receivables in the Consolidated Balance Sheets, are valued using inputs derived from observable market data, including quoted commodity forward prices. The inputs do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy.

(3)The fair value of the option liability, which represents the option of the holder to acquire an EMX common share from SSR, was determined using the Black-Scholes model. The inputs to the Black-Scholes model included the EMX stock price of CAD $2.34 per share, exercise price of CAD $2.27 per unit, one-year maturity, one-year risk-free rate of 5.0%, and annualized volatility of 34.9%.

Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table reconciles the beginning and ending balances for financial instruments that are recognized at fair value using significant unobservable inputs (Level 3) in the consolidated financial statements (in thousands):

	Three Months Ended March 31,
	2024		2023
Deferred consideration assets:
Balance as of January 1	$	21,213	$	24,369
Revaluations		630		(2,085)
Balance as of March 31	$	21,843	$	22,284

	Three Months Ended March 31,
	2024		2023
Contingent consideration liabilities:
Balance as of January 1	$	29,648	$	—
Revaluations		(662)		—
Balance as of March 31	$	28,986	$	—

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table reconciles the beginning and ending balances for financial instruments that are recognized at fair value using significant unobservable inputs (Level 3) in the consolidated financial statements (in thousands):

	Three Months Ended March 31,
	2024		2023
Deferred consideration assets:
Balance as of January 1	$	21,213	$	24,369
Revaluations		630		(2,085)
Balance as of March 31	$	21,843	$	22,284

	Three Months Ended March 31,
	2024		2023
Contingent consideration liabilities:
Balance as of January 1	$	29,648	$	—
Revaluations		(662)		—
Balance as of March 31	$	28,986	$	—

Schedule of Fair Value Disclosure of Asset and Liability Not Measured at Fair Value

The fair value of the 2019 Notes as compared to the carrying amounts were as follows (in thousands): 

		March 31, 2024				December 31, 2023
	Level	Carrying amount		Fair value		Carrying amount		Fair value
2019 Notes (1)	1	$	227,777	$	205,275	$	227,516	$	216,545

(1)The fair value disclosed for the Company's 2019 Notes is included in Level 1 as the basis of valuation uses a quoted price in an active market.

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TRADE AND OTHER RECEIVABLES (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Trade and other receivables was composed of the following (in thousands):

	March 31, 2024		December 31, 2023
Trade receivables	$	56,618	$	91,340
Value added tax receivables		25,788		30,554
Income tax receivable		1,866		3,172
Other taxes receivable		17,056		11,734
Other		2,431		5,380
Total	$	103,759	$	142,180

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INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Schedule of Inventory, Current

The components of Inventories for the periods ended March 31, 2024 and December 31, 2023 are as follows (in thousands):

	March 31, 2024		December 31, 2023
Materials and supplies	$	124,181	$	104,217
Stockpiled ore		57,317		77,142
Leach pad inventory		253,121		305,271
Work-in-process		13,541		7,189
Finished goods		16,949		21,324
Total current inventories		465,109		515,143
Stockpiled ore		238,954		218,139
Materials and supplies		—		1,669
Total non-current inventories	$	238,954	$	219,808

Schedule of Inventory, Noncurrent

The components of Inventories for the periods ended March 31, 2024 and December 31, 2023 are as follows (in thousands):

	March 31, 2024		December 31, 2023
Materials and supplies	$	124,181	$	104,217
Stockpiled ore		57,317		77,142
Leach pad inventory		253,121		305,271
Work-in-process		13,541		7,189
Finished goods		16,949		21,324
Total current inventories		465,109		515,143
Stockpiled ore		238,954		218,139
Materials and supplies		—		1,669
Total non-current inventories	$	238,954	$	219,808

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MINERAL PROPERTIES, PLANT AND EQUIPMENT, NET (Tables)

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Mineral Properties, Plant and Equipment

The components of Mineral properties, plant and equipment, net are as follows (in thousands):

	March 31, 2024		December 31, 2023
Plant and equipment (1)	$	1,853,060	$	1,889,634
Construction in process		92,210		86,304
Mineral properties subject to depletion		2,092,706		2,085,678
Mineral properties not yet subject to depletion		880,135		878,712
Exploration and evaluation assets		253,841		253,842
Total mineral properties, plant, and equipment		5,171,952		5,194,170
Accumulated depreciation, plant and equipment		(724,306)		(714,579)
Accumulated depletion, mineral properties		(622,868)		(606,705)
Mineral properties, plant, and equipment, net	$	3,824,778	$	3,872,886

(1)As of March 31, 2024 and December 31, 2023, plant and equipment includes finance lease right-of-use assets with a carrying amount of $83.5 million and $84.7 million, respectively.

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ACCRUED LIABILITIES AND OTHER (Tables)

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Schedule of Accounts Liabilities and Other

Accrued liabilities and other are comprised of the following items (in thousands):

	March 31, 2024		December 31, 2023
Accrued liabilities	$	84,895	$	66,478
Royalties payable		21,751		28,550
Stock-based compensation liabilities		3,373		9,048
Income taxes payable		14,786		16,392
Lease liabilities		1,566		1,545
Other		4,445		2,626
Total accrued liabilities and other	$	130,816	$	124,639

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DEBT (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

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

	March 31, 2024		December 31, 2023
2019 Notes (1)	$	227,777	$	227,516
Other		955		920
Total carrying amount	$	228,732	$	228,436
Current Portion	$	955	$	920
Non-Current Portion	$	227,777	$	227,516

(1)Amount is net of discount and debt issuance costs of $2.2 million and $2.5 million, respectively.

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SUPPLEMENTAL CASH FLOW INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Supplemental Cash Flow Information [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

Net change in operating assets and liabilities during the three months ended March 31, 2024 and 2023 were as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Decrease (increase) in operating assets:
Trade and other receivables	$	37,794	$	(45,705)
Inventories		(47,832)		(28,019)
Other operating assets		286		(5,564)
Increase (decrease) in operating liabilities:
Accounts payable		(5,647)		1,280
Accrued liabilities		6,978		(8,423)
Reclamation and remediation liabilities		(193)		(380)
Other operating liabilities		988		(1,091)
	$	(7,626)	$	(87,902)

Other cash information during the three months ended March 31, 2024 and 2023 were as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Interest paid	$	(3,272)	$	(4,732)
Interest received	$	4,913	$	3,205
Income taxes paid	$	(1,855)	$	(15,534)

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THE COMPANY (Details)	Mar. 31, 2024 mine
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of producing mines	4

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ÇÖPLER INCIDENT - Narrative (Details) - USD ($)		2 Months Ended	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Direct costs			$ 275,318,000	$ 2,173,000
Impairment charges			114,230,000	0
Çöpler Incident
Segment Reporting Information [Line Items]
Direct costs		$ 7,700,000	272,903,000
Depreciation		6,700,000
Estimated future reclamation and remediation costs	$ 250,000,000		250,437,000
Reclamation adjustments, changes in estimates			11,200,000
Increase to remediation liability			261,700,000
Incurred remediation costs			22,500,000
Remediation liability	239,200,000	239,200,000	239,200,000
Reclamation liabilities, current	178,500,000	178,500,000	178,500,000
Reclamation liabilities, non-current	60,700,000	60,700,000	60,700,000
Impairment charges			114,230,000	$ 0
Contingencies related to the Çöpler incident	15,300,000	$ 15,300,000	15,300,000
Çöpler Incident | Inventories
Segment Reporting Information [Line Items]
Impairment charges			76,000,000
Çöpler Incident | Mineral properties, plant and equipment, net
Segment Reporting Information [Line Items]
Impairment charges			$ 38,200,000
Çöpler Incident | Minimum
Segment Reporting Information [Line Items]
Estimated future reclamation and remediation costs	250,000,000.0
Çöpler Incident | Maximum
Segment Reporting Information [Line Items]
Estimated future reclamation and remediation costs	$ 300,000,000

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ÇÖPLER INCIDENT - Schedule of Statement of Operations (Details) - USD ($)		2 Months Ended	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Reclamation and remediation costs			$ (275,318,000)	$ (2,173,000)
Impairment charges			(114,230,000)	0
Contingencies and other legal matters			(15,310,000)	0
Operating income (loss)			(376,424,000)	36,985,000
Çöpler Incident
Segment Reporting Information [Line Items]
Incurred remediation costs			(22,466,000)
Estimated future reclamation and remediation costs	$ (250,000,000)		(250,437,000)
Reclamation and remediation costs		$ (7,700,000)	(272,903,000)
Impairment charges			(114,230,000)	$ 0
Contingencies and other legal matters			(15,310,000)
Operating income (loss)			(402,443,000)
Çöpler Incident | Mineral properties, plant and equipment, net
Segment Reporting Information [Line Items]
Impairment charges			(38,207,000)
Çöpler Incident | Leach pad inventory
Segment Reporting Information [Line Items]
Impairment charges			$ (76,023,000)

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ÇÖPLER INCIDENT - Schedule of Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Reclamation and remediation liabilities, current	$ 185,797	$ 3,364
Reclamation and remediation liabilities, non-current	240,498	170,455
Accrued liabilities and other, current	130,816	124,639
Total current liabilities	352,768	170,573
Total liabilities	1,312,954	$ 1,081,570
Çöpler Incident
Segment Reporting Information [Line Items]
Reclamation and remediation liabilities, current	182,625
Reclamation and remediation liabilities, non-current	67,812
Reclamation and remediation liabilities	250,437
Accrued liabilities and other, current	15,310
Accrued liabilities and other, con-current	0
Accrued liabilities and other	15,310
Total current liabilities	197,935
Total liabilities, non-current	67,812
Total liabilities	$ 265,747

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OPERATING SEGMENTS - Narrative (Details)	Mar. 31, 2024 mine
Segment Reporting [Abstract]
Number of producing mines	4

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OPERATING SEGMENTS - Disaggregation of Segments (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($) segment	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Revenue		$ 230,234	$ 314,614
Cost of sales	[1]	125,901	199,297
Depreciation, depletion, and amortization		38,398	47,095
Exploration and evaluation		10,231	10,525
Care and maintenance expense		14,409	0
Operating income (loss)		(376,424)	36,985
Capital expenditures		36,237	50,683
Total assets		5,251,782	5,234,803	$ 5,385,773
Reclamation and remediation costs		275,318	$ 2,173
Number of reportable segments | segment			4
Operating segments
Segment Reporting Information [Line Items]
Revenue		230,234	$ 314,614
Cost of sales		125,901	199,297
Depreciation, depletion, and amortization		38,398	47,095
Exploration and evaluation		8,750	8,575
Care and maintenance expense		14,409
Operating income (loss)		(362,082)	56,685
Capital expenditures		28,105	50,683
Total assets		4,335,837	4,888,729
Operating segments | Çöpler
Segment Reporting Information [Line Items]
Revenue		48,571	110,513
Cost of sales		24,423	74,646
Depreciation, depletion, and amortization		9,831	22,651
Exploration and evaluation		774	557
Care and maintenance expense		14,409
Operating income (loss)		(403,803)	11,496
Capital expenditures		6,541	10,069
Total assets		2,763,672	3,278,695
Reclamation and remediation costs		7,700
Depreciation		6,700
Operating segments | Marigold
Segment Reporting Information [Line Items]
Revenue		76,685	98,168
Cost of sales		49,071	54,541
Depreciation, depletion, and amortization		7,439	8,574
Exploration and evaluation		4,095	3,077
Care and maintenance expense		0
Operating income (loss)		15,356	31,284
Capital expenditures		2,432	29,592
Total assets		793,179	697,817
Operating segments | Seabee
Segment Reporting Information [Line Items]
Revenue		59,128	32,093
Cost of sales		24,433	23,265
Depreciation, depletion, and amortization		15,213	8,987
Exploration and evaluation		3,546	3,869
Care and maintenance expense		0
Operating income (loss)		15,602	(4,318)
Capital expenditures		15,773	8,445
Total assets		491,153	585,557
Operating segments | Puna
Segment Reporting Information [Line Items]
Revenue		45,850	73,840
Cost of sales		27,974	46,845
Depreciation, depletion, and amortization		5,915	6,883
Exploration and evaluation		335	1,072
Care and maintenance expense		0
Operating income (loss)		10,763	18,223
Capital expenditures		3,359	2,577
Total assets		287,833	326,660
Corporate and other
Segment Reporting Information [Line Items]
Revenue		0	0
Cost of sales		0	0
Depreciation, depletion, and amortization		0	0
Exploration and evaluation		1,481	1,950
Care and maintenance expense		0
Operating income (loss)		(14,342)	(19,700)
Capital expenditures		8,132	0
Total assets		$ 915,945	$ 346,074

[1] Excludes depreciation, depletion, and amortization.

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REVENUE - Revenue by Product (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 230,234	$ 314,614
Gold doré sales | Çöpler
Disaggregation of Revenue [Line Items]
Revenue	48,226	109,646
Gold doré sales | Marigold
Disaggregation of Revenue [Line Items]
Revenue	76,661	98,132
Gold doré sales | Seabee
Disaggregation of Revenue [Line Items]
Revenue	59,103	32,083
Concentrate sales | Puna
Disaggregation of Revenue [Line Items]
Revenue	48,372	66,348
Other | Çöpler
Disaggregation of Revenue [Line Items]
Revenue	345	867
Other | Marigold
Disaggregation of Revenue [Line Items]
Revenue	24	36
Other | Seabee
Disaggregation of Revenue [Line Items]
Revenue	25	10
Other | Puna
Disaggregation of Revenue [Line Items]
Revenue	$ (2,522)	$ 7,492

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REVENUE - Revenue by Metal (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 230,234	$ 314,614
Gold
Disaggregation of Revenue [Line Items]
Revenue	183,990	239,861
Silver
Disaggregation of Revenue [Line Items]
Revenue	39,334	49,115
Lead
Disaggregation of Revenue [Line Items]
Revenue	8,462	12,776
Zinc
Disaggregation of Revenue [Line Items]
Revenue	576	4,457
Other
Disaggregation of Revenue [Line Items]
Revenue	$ (2,128)	$ 8,405

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REVENUE - Narrative (Details) - Concentrate Metal Sales Agreement lb in Thousands, oz in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) oz lb $ / Ounce $ / pound	Mar. 31, 2023 USD ($)
Disaggregation of Revenue [Line Items]
Embedded derivative, increase (decrease) of value | $	$ (2.5)	$ 7.5
Silver
Disaggregation of Revenue [Line Items]
Average price per ounce/pounds (in dollars per share) | oz	4.5
Average price per ounce/pound | $ / Ounce	23.57
Lead
Disaggregation of Revenue [Line Items]
Average price per ounce/pounds (in dollars per share) | lb	21,810
Average price per ounce/pound | $ / pound	0.95
Zinc
Disaggregation of Revenue [Line Items]
Average price per ounce/pounds (in dollars per share) | lb	2,500
Average price per ounce/pound | $ / pound	1.22

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INCOME AND MINING TAXES - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, rate (as a percent)	(5.40%)	(8.80%)
Effective income tax rate reconciliation, statutory rate (as a percent)	27.00%
Unrecognized tax benefits	$ 0	$ 1,980,000	$ 0	$ 8,574,000
Unrecognized tax benefits, income tax penalties and interest accrued	$ 0		0
Unrecognized tax benefits, release of income tax penalties and interest expense			(7,200,000)
Unrecognized tax benefits, cash settlement			$ 1,400,000

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INCOME AND MINING TAXES - Unrecognized Tax Benefits (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 0	$ 8,574,000
Increase (decrease) associated with tax positions taken during a prior year	0
Increase (decrease) associated with tax positions taken during a prior year		(6,594,000)
Ending balance	$ 0	$ 1,980,000

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OTHER OPERATING EXPENSES, NET (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Income and Expenses [Abstract]
Contingencies related to the Çöpler Incident	$ 15,310	$ 0
Other	0	(2)
Total	$ 15,310	$ (2)

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OTHER INCOME (EXPENSE) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Income and Expenses [Abstract]
Interest income	$ 6,296	$ 7,646
Gain (loss) on investments and on marketable security sales	1,177	0
Gain (loss) on investments and on marketable security sales	(2,817)	1,866
Gain (loss) on sale of mineral properties, plant, and equipment	0	(240)
Other	(889)	3,780
Total	$ 3,767	$ 13,052

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INCOME (LOSS) PER SHARE - Calculation of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net income (loss)	$ (358,162)	$ 29,004
Net (income) loss attributable to non-controlling interest	71,080	809
Net income (loss) attributable to SSR Mining shareholders	(287,082)	29,813
Interest saving on 2019 Notes, net of tax	0	1,221
Net income (loss) used in the calculation of diluted net income per share	$ (287,082)	$ 31,034
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted average number of common shares issued (in shares)	202,355	206,778
Adjustments for dilutive instruments, convertible notes (in shares)	0	12,611
Diluted weighted average number of shares outstanding (in shares)	202,355	219,403
Net income (loss) per share attributable to SSR Mining shareholders
Basic (in dollars per share)	$ (1.42)	$ 0.14
Diluted (in dollars per share)	$ (1.42)	$ 0.14
Restricted share units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Adjustments for dilutive instruments (in shares)	0	14

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INCOME (LOSS) PER SHARE - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) shares
Earnings Per Share [Abstract]
Interest saving on convertible notes, net of tax | $	$ 1.2
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | shares	12,921,000

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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - Assets and Liabilities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2024 $ / shares	Dec. 31, 2023 USD ($)
Assets:
Cash	$ 467,010		$ 492,393
Restricted cash	102		101
Marketable securities	33,017		28,351
Trade receivables from provisional sales, net	55,220		86,897
Deferred consideration	21,843		21,213
Total assets	577,192		628,955
Liabilities:
Contingent consideration	28,986		29,648
Total liabilities	31,180		31,079
EMX Common Share
Liabilities:
Option liability - EMX shares	$ 2,194		1,431
EMX Common Share | Disposal Group, Disposed of by Sale | Royalty Portfolio
Liabilities:
Share price (in canadian dollars per share) | $ / shares		$ 2.34
Exercise price (in canadian dollars per share) | $ / shares		$ 2.27
Expected life (in years)	1 year
Risk free interest rate term (in years)	1 year
Risk-free interest rate (as a percent)	5.00%
Annualized volatility (as a percent)	34.90%
Level 1
Assets:
Cash	$ 467,010		492,393
Restricted cash	102		101
Marketable securities	33,017		28,351
Trade receivables from provisional sales, net	0		0
Deferred consideration	0		0
Total assets	500,129		520,845
Liabilities:
Contingent consideration	0		0
Total liabilities	0		0
Level 1 | EMX Common Share
Liabilities:
Option liability - EMX shares	0		0
Level 2
Assets:
Cash	0		0
Restricted cash	0		0
Marketable securities	0		0
Trade receivables from provisional sales, net	55,220		86,897
Deferred consideration	0		0
Total assets	55,220		86,897
Liabilities:
Contingent consideration	0		0
Total liabilities	2,194		1,431
Level 2 | EMX Common Share
Liabilities:
Option liability - EMX shares	2,194		1,431
Level 3
Assets:
Cash	0		0
Restricted cash	0		0
Marketable securities	0		0
Trade receivables from provisional sales, net	0		0
Deferred consideration	21,843		21,213
Total assets	21,843		21,213
Liabilities:
Contingent consideration	28,986		29,648
Total liabilities	28,986		29,648
Level 3 | EMX Common Share
Liabilities:
Option liability - EMX shares	$ 0		$ 0

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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - Fair Value of Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance as of January 1	$ 21,213	$ 24,369
Revaluations	630	(2,085)
Balance as of March 31	21,843	22,284
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance as of January 1	29,648	0
Revaluations	(662)	0
Balance as of March 31	$ 28,986	$ 0

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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - Debt (Details) - 2019 Notes - Level 1 - Convertible Senior Notes - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Carrying amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 227,777	$ 227,516
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 205,275	$ 216,545

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TRADE AND OTHER RECEIVABLES (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Trade receivables	$ 56,618,000	$ 91,340,000
Value added tax receivables	25,788,000	30,554,000
Income tax receivable	1,866,000	3,172,000
Other taxes receivable	17,056,000	11,734,000
Other	2,431,000	5,380,000
Total	103,759,000	142,180,000
Provision for credit loss	$ 0	$ 0

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INVENTORIES - Components of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Inventory [Line Items]
Work-in-process	$ 13,541	$ 7,189
Finished goods	16,949	21,324
Total current inventories	465,109	515,143
Total non-current inventories	238,954	219,808
Materials and supplies
Inventory [Line Items]
Raw materials	124,181	104,217
Total non-current inventories	0	1,669
Stockpiled ore
Inventory [Line Items]
Raw materials	57,317	77,142
Total non-current inventories	238,954	218,139
Leach pad inventory
Inventory [Line Items]
Raw materials	$ 253,121	$ 305,271

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INVENTORIES - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Inventory [Line Items]
Impairment charges	$ 114,230,000	$ 0
Çöpler | Leach pad inventory
Inventory [Line Items]
Impairment charges	$ 76,000,000
Write-down of leach pad inventory		2,000,000
Çöpler | Leach pad inventory | Cost of Sales
Inventory [Line Items]
Write-down of leach pad inventory		1,300,000
Çöpler | Leach pad inventory | Depreciation, Depletion and Amortization
Inventory [Line Items]
Write-down of leach pad inventory		$ 700,000

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MINERAL PROPERTIES, PLANT AND EQUIPMENT, NET (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	$ 5,171,952,000		$ 5,194,170,000
Accumulated depreciation, plant and equipment	(724,306,000)		(714,579,000)
Accumulated depletion, mineral properties	(622,868,000)		(606,705,000)
Mineral properties, plant, and equipment, net	3,824,778,000		3,872,886,000
Finance lease, right-of-use asset, before accumulated amortization	83,500,000		84,700,000
Impairment charges	114,230,000	$ 0
Plant and equipment
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	1,853,060,000		1,889,634,000
Construction in process
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	92,210,000		86,304,000
Mineral properties subject to depletion
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	2,092,706,000		2,085,678,000
Mineral properties not yet subject to depletion
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	880,135,000		878,712,000
Exploration and evaluation assets
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	$ 253,841,000		$ 253,842,000

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ACCRUED LIABILITIES AND OTHER (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued liabilities	$ 84,895	$ 66,478
Royalties payable	21,751	28,550
Stock-based compensation liabilities	3,373	9,048
Income taxes payable	14,786	16,392
Lease liabilities	$ 1,566	$ 1,545
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total accrued liabilities and other	Total accrued liabilities and other
Other	$ 4,445	$ 2,626
Total accrued liabilities and other	$ 130,816	$ 124,639

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DEBT - Components of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total carrying amount	$ 228,732	$ 228,436
Current Portion	955	920
Non-Current Portion	227,777	227,516
2019 Notes | Convertible Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	227,777	227,516
Discount and debt issuance costs	2,200	2,500
Other
Debt Instrument [Line Items]
Long-term debt, gross	$ 955	$ 920

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DEBT - Convertible Debt (Details) - 2019 Notes - Convertible Senior Notes		3 Months Ended
	Mar. 19, 2019 USD ($) day	Dec. 31, 2023
Debt Instrument [Line Items]
Face amount	$ 230,000,000.0
Interest rate, stated (as a percent)	2.50%
Advance from non-controlling interest	$ 222,900,000
Commissions and expenses related to offering of debt	$ 7,100,000
Convertible, conversion ratio		0.0567931
Convertible, threshold trading days | day	20
Convertible, threshold consecutive trading days | day	30
Convertible, threshold percentage of stock price trigger (as a percent)	130.00%

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DEBT - Credit Agreement (Details) - USD ($)	Aug. 15, 2023	Mar. 31, 2024
Debt Instrument [Line Items]
Line of credit		$ 0
Remaining borrowing capacity		399,100,000
Letters of credit outstanding, amount		$ 900,000
Revolving Credit Agreement | Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 400,000,000.0
Line of credit facility, accordion feature	$ 100,000,000.0
Revolving Credit Agreement | Line of Credit | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Credit spread on variable rate (as a percent)	0.10%
Revolving Credit Agreement | Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.00%
Revolving Credit Agreement | Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.75%

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EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended
	Jun. 19, 2023	Jun. 16, 2023	Mar. 31, 2024	Mar. 31, 2023
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, stock repurchased during period			$ 9,825	$ 5,197
Common shares
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, repurchase of common shares (in shares)			1,117,000	348,000
Stock repurchase program, stock repurchased during period			$ 16,402	$ 5,111
Retained earnings (accumulated deficit)
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, stock repurchased during period			$ (6,577)	$ 86
Normal Course Issuer Bid
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, common shares authorized to be repurchased (in shares)	10,600,000	10,200,000
Stock repurchase program, period in force (in months)	12 months	12 months
Stock repurchase program, repurchase of common shares (in shares)			1,117,100	348,171
Stock repurchased and retired during period, cost per share (in dollars per share)			$ 8.79	$ 14.92
Stock repurchase program, stock repurchased during period			$ 9,800	$ 5,100
Normal Course Issuer Bid | Common shares
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, stock repurchased during period			(6,600)	(100)
Normal Course Issuer Bid | Retained earnings (accumulated deficit)
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, stock repurchased during period			$ 16,400	$ 5,200

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SUPPLEMENTAL CASH FLOW INFORMATION - Operating Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Decrease (increase) in operating assets:
Trade and other receivables	$ 37,794	$ (45,705)
Inventories	(47,832)	(28,019)
Other operating assets	286	(5,564)
Increase (decrease) in operating liabilities:
Accounts payable	(5,647)	1,280
Accrued liabilities	6,978	(8,423)
Reclamation and remediation liabilities	(193)	(380)
Other operating liabilities	988	(1,091)
Net change in operating assets and liabilities	$ (7,626)	$ (87,902)

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SUPPLEMENTAL CASH FLOW INFORMATION - Other Cash Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Supplemental Cash Flow Information [Abstract]
Interest paid	$ (3,272)	$ (4,732)
Interest received	4,913	3,205
Income taxes paid	$ (1,855)	$ (15,534)

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COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Mar. 31, 2024 USD ($) action	Dec. 31, 2023 USD ($)
Loss Contingencies [Line Items]
Number of securities class actions where company is named as a defendant | action	6
Çöpler Incident
Loss Contingencies [Line Items]
Contingencies related to the Çöpler incident	$ 15.3
Surety Bond
Loss Contingencies [Line Items]
Environmental bonding obligation, outstanding	$ 142.0	$ 142.7