EX-99.1 4 ssrm-20231231.htm EX-99.1 Document

Extractive Sector Transparency Measures Act - Annual Report
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Reporting Entity NameSSR Mining Inc.
Reporting YearFrom1/1/2023To:12/31/2023Date submitted5/29/2024
Reporting Entity ESTMA Identification NumberE378903
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Other Subsidiaries Included
(optional field)
For Consolidated Reports - Subsidiary Reporting Entities Included in Report:E882840 ALACER GOLD CORP.
Not Substituted
Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting EntityMichael SparksDate5/24/2024
Position TitleExecutive Vice-President, Chief Financial Officer



Extractive Sector Transparency Measures Act - Annual Report
Reporting YearFrom:1/1/2023To: 12/31/2023
Reporting Entity NameSSR Mining Inc.Currency of the ReportUSD
Reporting Entity ESTMA Identification NumberE378903
Subsidiary Reporting Entities (if necessary)E882840 ALACER GOLD CORP.
Payments by Payee
Country
Payee Name1
Departments, Agency, etc… within Payee that Received Payments2
TaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid to Payee
Notes34
ArgentinaProvince of JujuyProvincial Directorate of Revenues Jujuy1,050,0005,070,000 220,000 6,340,000Mining Royalties - $5,070,000
Regulatory Fees - $220,000
Other taxes - $1,050,000
ArgentinaFederal Government of ArgentinaGeneral Administration of Public Revenues12,100,00012,100,000Income Tax - $450,000
Export Duties (Taxes) - $10,610,000
Bank Taxes - $380,000
Import Duties - $410,000
Other Taxes - $250,000



Payments by Payee
Country
Payee Name1
Departments, Agency, etc… within Payee that Received Payments2
TaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid to Payee
Notes34
ArgentinaProvince of JujuyProvincial Directorate of Water Resources90,00090,000Water Rights
CanadaGovernment of CanadaCanada Revenue Agency10,490,00010,490,000Income Taxes
CanadaProvince of SaskatchewanNorthern Municipal Trust Account120,000120,000Property Taxes
CanadaProvince of SaskatchewanMinistry of the Economy3,260,000 3,260,000Royalty Payments
CanadaProvince of SaskatchewanMinister of Finance1,240,000 1,240,000Surface Leases for Base Minerals (Provincial)
CanadaProvince of SaskatchewanSaskatchewan Workers Compensation Board450,000 450,000Annual Payment (based on number of employees)
CanadaProvince of SaskatchewanSaskatchewan Research Council320,000 320,000Water Testing
PeruGovernment of PeruMinistry of Energy and Mines530,000 530,000Mining Concessions
TurkeyGovernment of Turkey9,430,0005,840,000 1,580,000 16,850,000Income Taxes - $9,430,000
Mining Royalties - $5,840,000
Regulatory Fees - $1,580,000



Payments by Payee
Country
Payee Name1
Departments, Agency, etc… within Payee that Received Payments2
TaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid to Payee
Notes34
TurkeyProvince of Erzincan40,000 50,000 90,000Regulatory Fees - $40,000
Erzincan Museum and Library - $50,000
TurkeyProvince of ErzurumErzurum Regional Directorate of Forestry4,290,000 4,290,000Regulatory Fees - $4,290,000
Turkeyİliç District710,000 710,000Villages Water and In-village Works - $400,000
Construction of village road - $150,000
Environmental Protection - $80,000
Mosque Care and Maintenance - $50,000
Other - $30,000
United States of AmericaFederal Government of the United States of America14,130,000250,000 14,380,000Internal Revenue Service Taxes - $14,130,000
Bureau of Land Management - $250,000
United States of AmericaState of Nevada10,610,0009,320,000 350,000 20,280,000University of Nevada - $9,320,000
Nevada Dept of Taxation - $10,610,000
Other - $350,000



Payments by Payee
Country
Payee Name1
Departments, Agency, etc… within Payee that Received Payments2
TaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid to Payee
Notes34
United States of AmericaHumboldt County Humboldt County Treasurer1,630,0001,630,000Property Tax
United States of AmericaState of Colorado1,080,0001,080,000State Income Taxes



Payments by Project
Country
Project Name1
TaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid by Project
Notes23
ArgentinaPuna13,240,0005,070,000220,00018,530,000
CanadaSeabee10,610,0003,260,0002,010,00015,880,000
PeruSan Luis530,000530,000
TurkeyÇöpler9,430,0005,840,0005,910,000760,00021,940,000
United States of AmericaMarigold21,340,0009,320,000600,00031,260,000
United States of AmericaNon-project specific6,110,0006,110,000
Additional Notes3:
The "Basis of Report Preparation" section is an integral part of this Annual Report

As noted in the Basis of Report Preparation, payments denominated in currencies other than the U.S. dollar were translated using the exchange rate at the time the payment was made. The average exchange rates for 2023 are as follows:

Turkish lira 20.2065 per one U.S. dollar
Canadian dollar 1.3497 per one U.S. dollar
Argentine peso 301.8272 per one U.S. dollar
Peruvian sol 3.6488 per one U.S. dollar
1 Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z).
2 Optional field.
3 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
4 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.



BASIS OF REPORT PREPARATION

This report was prepared in accordance with the Extractive Sector Transparency Measures Act (“ESTMA” or the “Act”) issued by the Government of Canada. The information in this report was prepared by SSR Mining Inc. (“SSR Mining”) for the sole purpose of complying with SSR Mining’s obligations under the Act. The information contained in this report is provided solely for the benefit of Natural Resources Canada (“NRCan”) and in connection with SSR Mining’s obligations under the Act. This report may not be used or relied upon by any other person or for any other purpose without SSR Mining’s express prior written consent.

The following is a summary of key judgments and policies for SSR Mining’s ESTMA report:


1. REPORTING CURRENCY

Reportable payments to governments have been disclosed in U.S. dollars, unless otherwise shown.

Payments denominated in currencies other than U.S. dollars were translated using the exchange rate at the time the payment was made. The weighted average exchange rates for 2023 are as follows:

Turkish lira 20.2065 per one U.S. dollar
Canadian dollar 1.3497 per one U.S. dollar
Argentine peso 301.8272 per one U.S. dollar
Peruvian sol 3.6488 per one U.S. dollar

2. PAYEE

A Payee is defined as:

(a)any government in Canada or in a foreign state

a.a body that is established by two or more governments

a.any trust, board, commission, corporation or body or authority that is established to exercise or perform, or that exercises or performs, a power, duty or function of government for a government referred to in paragraph (a) or a body referred to in paragraph (b).

Payees include governments at any level, including national, regional, state, provincial, local, or municipal levels. Payees may include non-governmental entities if the benefit bestowed would have otherwise been provided by the government. Payees also include any government-owned entities that exercise or perform a power, duty or function of government. This includes universities, school boards and certain not-for-profit organizations funded by a Payee when these exercise a power, duty or function of the government.

Aboriginal and indigenous groups and organizations may also be regarded as a government payee under
the Act. Currently, the Company does not make payment to such groups.

Payments made to government entities through third-party ‘agents’ are included. The individual department, agency or other body of the payee that ultimately received the payment is disclosed, where practical, in the notes section of this Report.







3. PROJECTS

Payments are reported at the project level. A “Project” means the operational activities that are governed by a single contract, license, lease, concession or similar legal agreement and form the basis for payment liabilities with a government. However, if multiple such agreements are substantially interconnected, SSR Mining has aggregated such interconnected agreements into a single “Project” for reporting purposes, as permitted under the NRCan Technical Reporting Specifications.

4. PAYMENTS

Reportable payments made to governments are presented on a cash basis for the year ended December 31, 2023.

Any payment, whether made as a single payment or a series of payments, below the CAD$100,000 threshold as set out under the Act in a given category to a particular government was not reported. Reportable payments have been rounded to the nearest US$10,000 but rounding was not to be used for determining reportable payments.

The information is reported under the following payment categories:

A) Taxes

This category consists of taxes paid to governments based on income, profit or production in relation to the commercial development of minerals. The following are not included in total payments to governments:

Consumption tax, such as value-added tax, excise tax and custom tax
Personal income tax
Withholding tax
Taxes which were offset by credits
Other taxes that do not relate to the commercial development of minerals, such as payroll tax, stamp tax and personal asset tax

B) Royalties

This category consists of royalties paid to governments relating to the commercial development of minerals. Royalties paid in kind are also reported under this category. There were no royalties paid in-kind to payees for the year ended December 31, 2023.

C) Fees

This category consists of fees paid to governments relating to the commercial development of minerals, such as permit and license fees. This does not include amounts paid in the ordinary course of commercial transactions in exchange for services provided by governments, such as utilities paid at market rates.

Pursuant to a memorandum of understanding with the Bureau of Land Management (“BLM”), a third party contractor has been engaged to work directly with the BLM to provide technical guidance and direction in the preparation of an Environmental Impact Statement in respect of the Company’s Marigold mine in Nevada, U.S. Payment for such services is made directly to such third party contractor by a subsidiary of SSR Mining; however, such amounts have been included in the reported payments to the BLM.




D) Production entitlements

This category includes payments made to governments relating to a share of production under production sharing agreements or similar contractual or legislated arrangements. There were no production entitlements payments made to governments for the year ended December 31, 2023.

E) Bonuses

This category includes signing, discovery, production and any other type of bonuses paid to governments. There were no bonus payments made to governments for the year ended December 31, 2023.

F) Dividends

This category consists of dividends paid to governments on shares given in lieu of a bonus, production entitlements, royalties or other fees. This does not include dividends paid to governments as an ordinary shareholder. There were no dividends paid to governments for the year ended December 31, 2023.

G) Infrastructure improvement payments

This category consists of payments made to governments for the construction of public infrastructure, such as roads, schools and hospitals that directly relate to the commercial development of minerals, including spend on community development initiatives in the local communities around the mine sites. This does not include infrastructure improvement payments that relate primarily to the operational purposes of SSR Mining. Payments are reported in the period in which the payment was made.

5. Payments made in situations of joint operations / joint ventures

Where SSR Mining has itself made a reportable payment to a payee, regardless of whether SSR Mining is the operator, the full amount paid has been disclosed. This is the case where SSR Mining as the operator has been proportionally reimbursed by its non-operating partners through a partner billing process.