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 June 30, 2025

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 202,780,234 common shares outstanding on July 31, 2025.

TABLE OF CONTENTS

	Page
PART I - FINANCIAL INFORMATION
FORWARD-LOOKING STATEMENTS	2
ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	4
Condensed Consolidated Statements of Operations (unaudited)	5
Condensed Consolidated Statements of Cash Flows (unaudited)	6
Condensed Consolidated Balance Sheets (unaudited)	7
Condensed Consolidated Statements of Changes in Equity (unaudited)	9
Notes to Condensed Consolidated Financial Statements (unaudited)	10
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	33
Business Overview	33
Consolidated Results of Operations	33
Results of Operations	38
Liquidity and Capital Resources	44
Non-GAAP Financial Measures	46
Critical Accounting Estimates	54
New Accounting Pronouncements	55
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	56
ITEM 4. CONTROLS AND PROCEDURES	56
PART II - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS	57
ITEM 1A. RISK FACTORS	57
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	57
ITEM 3. DEFAULTS UPON SENIOR SECURITIES	57
ITEM 4. MINE SAFETY DISCLOSURES	58
ITEM 5. OTHER INFORMATION	59
ITEM 6. EXHIBITS, FINANCIAL STATEMENT SCHEDULES	60
SIGNATURES	61

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, 2024, filed with the Securities and Exchange Commission (“SEC”) on February 18, 2025 (“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 and in our previously filed Quarterly Reports on Form 10-Q, 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. 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

3

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

4

SSR Mining Inc.

Condensed Consolidated Statements of Operations

(unaudited, in thousands except per share)

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Revenue	$	405,455	$	184,841	$	722,073	$	415,075
Operating costs and expenses:
Cost of sales (1)		162,948		96,582		299,589		222,483
Depreciation, depletion, and amortization		26,237		23,011		56,850		61,409
General and administrative expense		26,634		13,452		50,529		26,313
Exploration and evaluation		6,803		11,255		13,668		21,486
Reclamation and remediation costs		69,850		2,414		74,170		277,732
Impairment charges of long-lived and other assets		—		—		—		114,230
Care and maintenance		37,727		30,556		73,522		44,965
Other operating expense (income), net		(33,629)		(3,149)		(22,031)		12,161
Operating income (loss)		108,885		10,720		175,776		(365,704)
Other income (expense):
Interest expense		(4,227)		(2,105)		(7,596)		(6,760)
Other income (expense)		6,207		4,968		12,530		8,735
Foreign exchange gain (loss)		(10,193)		876		(16,245)		(37)
Total other income (expense)		(8,213)		3,739		(11,311)		1,938
Income (loss) before income and mining taxes		100,672		14,459		164,465		(363,766)
Income and mining tax benefit (expense)		(20,233)		(11,727)		(29,371)		8,510
Equity income (loss) of affiliates		(77)		(268)		(286)		(442)
Net income (loss)		80,362		2,464		134,808		(355,698)
Net loss (income) attributable to non-controlling interest		9,713		7,229		14,048		78,309
Net income (loss) attributable to SSR Mining shareholders	$	90,075	$	9,693	$	148,856	$	(277,389)
Weighted average common shares
Basic		202,774		202,133		202,598		202,244
Diluted		216,989		202,407		216,691		202,244
Net income (loss) per share attributable to SSR Mining shareholders
Basic	$	0.44	$	0.05	$	0.73	$	(1.37)
Diluted	$	0.42	$	0.05	$	0.70	$	(1.37)

(1) Excludes depreciation, depletion, and amortization.

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

5

SSR Mining Inc.

Condensed Consolidated Statements of Cash Flows

(unaudited, in thousands)

	Six Months Ended June 30,
	2025		2024
Operating activities
Net income (loss)	$	134,808	$	(355,698)
Adjustments for:
Depreciation, depletion, and amortization		56,850		61,409
Reclamation and remediation costs		74,170		277,732
Payments for reclamation and remediation liabilities		(12,684)		(77,873)
Deferred income taxes		(19,902)		(26,511)
Stock-based compensation		17,062		(2,974)
Change in fair value of marketable securities		(3,721)		(6,419)
Loss (gain) on sale and disposal of assets, net		755		(5,599)
Impairment charges of long-lived and other assets		—		114,230
Loss (gain) on foreign exchange		15,290		6,499
Non-cash care and maintenance		30,930		20,003
Other operating activities		7,412		4,163
Net change in operating assets and liabilities		(58,324)		(62,463)
Net cash provided by (used in) operating activities		242,646		(53,501)
Investing activities
Additions to mineral properties, plant and equipment		(104,962)		(72,211)
Acquisitions, net		(108,736)		—
Purchases of marketable securities		(51,681)		(9,626)
Net proceeds from sale of marketable securities		41,971		8,747
Proceeds from sale of mineral properties, plant and equipment		—		4,853
Other investing activities		655		(225)
Net cash used in investing activities		(222,753)		(68,462)
Financing activities
Repayment of debt, principal		—		(920)
Proceeds from the issuance of debt, related party		12,900		3,415
Repurchase of common shares		—		(9,825)
Principal payments on finance leases		(2,369)		(2,002)
Net cash provided by (used in) financing activities		10,531		(9,332)
Effect of foreign exchange rate changes on cash and cash equivalents		(6,202)		(2,791)
Net increase (decrease) in cash, cash equivalents, and restricted cash		24,222		(134,086)
Cash, cash equivalents, and restricted cash beginning of period		387,882		492,494
Cash, cash equivalents, and restricted cash end of period	$	412,104	$	358,408
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$	412,104	$	358,307
Restricted cash		—		101
Total cash, cash equivalents, and restricted cash	$	412,104	$	358,408

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

6

SSR Mining Inc.

Condensed Consolidated Balance Sheets

(unaudited, in thousands)

	June 30, 2025		December 31, 2024
ASSETS
Cash and cash equivalents	$	412,104	$	387,882
Marketable securities		26,389		29,465
Trade and other receivables		117,054		124,438
Inventories		568,743		464,074
Prepaids and other current assets		23,100		23,175
Total current assets		1,147,390		1,029,034
Mineral properties, plant and equipment, net		4,100,112		3,782,867
Inventories		459,949		291,212
Deferred income tax assets		5,578		7,602
Other non-current assets		82,848		78,305
Total assets (1)	$	5,795,877	$	5,189,020
LIABILITIES
Accounts payable	$	37,249	$	30,538
Accrued liabilities and other		166,254		139,381
Reclamation and remediation liabilities		32,336		33,166
Finance lease liabilities		4,901		4,792
Current portion of debt		229,092		—
Current portion of debt, related party		11,000		11,000
Total current liabilities		480,832		218,877
Debt		—		228,572
Debt, related party		30,689		17,789
Finance lease liabilities		78,887		81,373
Reclamation and remediation liabilities		595,908		312,671
Deferred income tax liabilities		325,051		327,277
Contingent consideration liabilities		169,626		29,642
Other non-current liabilities		29,273		25,958
Total liabilities (1)		1,710,266		1,242,159
EQUITY
Common shares – unlimited authorized common shares with no par value; 202,780 and 202,369 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively		2,997,620		2,993,678
Retained earnings		262,221		113,365
SSR Mining’s shareholders’ equity		3,259,841		3,107,043
Non-controlling interest		825,770		839,818
Total equity		4,085,611		3,946,861
Total liabilities and equity	$	5,795,877	$	5,189,020

7

SSR Mining Inc.

Condensed Consolidated Balance Sheets

(unaudited, in thousands)

(1) The consolidated assets as of June 30, 2025 and December 31, 2024 include $3,426.6 million and $3,426.1 million, respectively, of assets of variable interest entities (“VIEs”) that can only be used to settle the obligations of the VIEs. As of June 30, 2025 and December 31, 2024, the assets include Cash and cash equivalents of $17.0 million and $17.5 million, respectively; Trade and other receivables of $3.7 million and $2.6 million, respectively; Inventories, current of $58.5 million and $59.2 million, respectively; Prepaids and other current assets of $11.4 million and $3.7 million, respectively; Mineral properties, plant and equipment, net of $3,087.4 million and $3,089.5 million, respectively; Inventories, non-current of $245.3 million and $246.5 million, respectively; and Other non-current assets of $3.3 million and $7.2 million, respectively. The consolidated liabilities as of June 30, 2025 and December 31, 2024 include $563.2 million and $538.4 million, respectively, of liabilities of VIEs whose creditors have no recourse to the Company. As of June 30, 2025 and December 31, 2024, the liabilities include Accounts payable of $8.4 million and $8.5 million, respectively; Accrued liabilities and other of $26.2 million and $23.5 million, respectively; Reclamation and remediation liabilities, current of $21.2 million and $33.1 million, respectively; Finance lease liabilities, non-current of $78.9 million and $81.4 million, respectively; Reclamation and remediation liabilities, non-current of $219.9 million and $155.0 million, respectively; Deferred income tax liabilities of $175.2 million and $197.7 million, respectively; and Other non-current liabilities of $33.4 million and $39.4 million, respectively.

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		Total equity attributable to SSR Mining shareholders		Non-controlling interest		Total equity
Balance as of December 31, 2024	202,369	$	2,993,678	$	113,365	$	3,107,043	$	839,818	$	3,946,861
Settlement of restricted share units (RSUs)	169		—		—		—		—		—
Equity-settled stock-based compensation	—		2,301		—		2,301		—		2,301
Net income (loss)	—		—		58,781		58,781		(4,335)		54,446
Balance as of March 31, 2025	202,538	$	2,995,979	$	172,146	$	3,168,125	$	835,483	$	4,003,608
Settlement of RSUs	242		—		—		—		—		—
Equity-settled stock-based compensation	—		1,641		—		1,641		—		1,641
Net income (loss)	—		—		90,075		90,075		(9,713)		80,362
Balance as of June 30, 2025	202,780	$	2,997,620	$	262,221	$	3,259,841	$	825,770	$	4,085,611

	Common shares
	Number of shares	Amount		Retained earnings		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
Settlement of RSUs	6		—		—		—		—		—
Equity-settled stock-based compensation	—		(150)		—		(150)		—		(150)
Net income (loss)	—		—		9,693		9,693		(7,229)		2,464
Balance as of June 30, 2024	202,096	$	2,991,075	$	97,253	$	3,088,328	$	852,814	$	3,941,142

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

9

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 five operations 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, Cripple Creek & Victor Gold Mine (“CC&V”) in Colorado, 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”. SSR Mining voluntarily delisted from the Australian Securities Exchange (“ASX”) in Australia under the symbol “SSR”, effective April 8, 2025.

During the second quarter of 2025, the Company temporarily suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. The Company resumed operations on June 13, 2025 with no damage to the Company’s property.

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”). The Company is not, at this time, able to estimate or predict when and under what conditions it will resume operations at Çöpler. Refer to Note 3 to the audited consolidated financial statements in the Company’s 2024 Annual Report on Form 10-K for further information on the Çöpler Incident.

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.

10

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

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.

Business Combinations

The Company recognizes and measures the assets acquired and liabilities assumed in a business combination based on their estimated fair values at the acquisition date, while transaction and integration costs are expensed as incurred. Any excess of the purchase consideration when compared to the fair value of the net tangible and intangible assets acquired, if any, is recorded as goodwill. For material acquisitions, the Company engages third-party valuation specialists to assist with the determination of the fair value of assets acquired, liabilities assumed, non-controlling interest, if any, and goodwill, based on recognized business valuation methodologies. An income, market or cost valuation method may be utilized to estimate the fair value of the assets acquired, liabilities assumed, and non-controlling interest, if any, in a business combination. If the initial accounting for the business combination is incomplete by the end of the reporting period in which the acquisition occurs, an estimate will be recorded. Subsequent to the acquisition date, and not later than one year from the acquisition date, the Company will record any material adjustments to the initial estimate based on new information obtained that would have existed as of the date of the acquisition. Any adjustment that arises from information obtained that did not exist as of the date of the acquisition will be recorded in the period the adjustment arises.

If the business combination provides for contingent consideration, the Company records the contingent consideration at fair value at the acquisition date. Changes in fair value of contingent consideration resulting from events after the acquisition date are recognized as follows: (1) if the contingent consideration is classified as a liability, the changes in fair value and accretion costs are recognized in earnings, or (2) if the contingent consideration is classified as equity, the contingent consideration is not re-measured and its subsequent settlement is accounted for within equity. The increases or decreases in the fair value of contingent consideration can result from a change in the timing of the contingent event and changes in assumed discount periods and rates.

Insurance Recoveries

Business interruption insurance proceeds are specifically insurance proceeds to recover lost revenues due to a qualifying event as determined by the insurance policy. The Company records business interruption insurance proceeds once the insurance provider acknowledges that the claim is covered and agrees in writing to the amount to be paid for the claim. For the six months ended June 30, 2025, the Company recorded business interruption insurance proceeds to Other operating expense (income), net in the Condensed Consolidated Statements of Operations and are reflected as operating cash flows in the Condensed Consolidated Statements of Cash Flows.

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 (“GAAP”) 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, 2024 filed on February 18, 2025. 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 and six month periods ended June 30, 2025, are not necessarily indicative of the results that may be expected for the year ending December 31, 2025.

Recently Issued Accounting Pronouncements

In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03 “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) (“ASU 2024-03”).” ASU 2024-03 provides guidance requiring that public business entities to disclose additional information about specific expense categories in the notes to financial statements. The new standard is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027 with early adoption permitted. The ASU 2024-03 should be applied either (1)

11

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

prospectively to financial statements issued for reporting periods after the effective date, or (2) retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating the impact of the new standard on the consolidated financial statements.

In December 2023, the FASB issued 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 of the standard on the consolidated financial statements.

3.ACQUISITIONS AND DIVESTITURES

Acquisitions

Acquisition of Cripple Creek and Victor Gold Mine

On February 28, 2025 (“Acquisition Date”), the Company acquired all of the issued and outstanding common shares of CC&V from Newmont Corporation (“Newmont”) in an all-cash deal for $100.0 million in upfront consideration and up to $175.0 million in additional milestone-based payments. The transaction is expected to increase the Company’s scale, free cash flow and portfolio diversification.

The milestone-based payments include $87.5 million payable upon final approval of the application to amend the CC&V Cresson Permit and $87.5 million payable upon obtaining regulatory relief related to flow-related permitting requirements for the Carlton Tunnel, including steps taken to achieve the highest feasible alternative in relation to Carlton Tunnel water flow. Refer to Note 21 for more information.

Upon completion of an updated regulator-approved closure plan and in the event the aggregate closure costs at CC&V exceed $500.0 million, the Company will be responsible for funding 10% of the incremental closure costs while Newmont will be responsible for funding 90% of the incremental closure costs, either on an as-incurred basis or pursuant to a lump-sum payment option. The Company will account for this as an indemnification asset under the FASB Accounting Standards Codification Topic 805, Business Combinations, and will recognize an asset for 90% of the aggregated closure costs at CC&V in excess of $500.0 million that Newmont will be responsible for funding, with no limit on the maximum cost. At the Acquisition Date, the Company did not recognize an indemnification asset as the recognition criteria had not been met.

The acquisition of CC&V is accounted for as a business combination which requires the measurement of assets acquired and liabilities assumed at their respective fair values at the Acquisition Date. The Acquisition Date fair value of the consideration transferred consists of the following (in thousands):

Cash consideration (1)	$	108,736
Contingent consideration (2)		135,462
Total Purchase Price	$	244,198

(1)Cash consideration is comprised of $100.0 million in upfront cash and an $8.7 million working capital adjustment. The working capital adjustment is preliminary as of June 30, 2025 and subject to finalization in accordance with the share purchase agreement.

(2)The fair value of the contingent consideration is based on a probability weighted discounted cash flow model. The contingent consideration is considered a Level 3 fair value measurement due to certain assumptions that are not based on observable market data (refer to Note 11 for more information). The significant assumptions include probability and timing of milestones and discount rates. The range of the undiscounted amounts the Company could be obligated to pay is between $87.5 million and $175.0 million.

The Company retained a third party valuation specialist to assist in determining the fair value of assets acquired and liabilities assumed. In accordance with the acquisition method of accounting, the purchase price of CC&V has been allocated to the acquired assets and assumed liabilities based on their estimated acquisition date fair values. The fair value estimates were based on income, market and cost valuation methods.

12

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

As of June 30, 2025, the Company had not fully completed the analysis to assign fair values to all assets acquired and liabilities assumed, and therefore the purchase price allocation for CC&V is preliminary. As of June 30, 2025, remaining items to finalize include the fair value of inventories; mineral properties, plant and equipment; reclamation and remediation liabilities; deferred income tax assets and liabilities; working capital accounts, and contingent consideration. The preliminary purchase price allocation will be subject to further refinement as the Company continues to refine its estimates and assumptions based on information available at the Acquisition Date. These refinements may result in material changes to the estimated fair value of assets acquired and liabilities assumed. The purchase price allocation adjustments can be made throughout the measurement period, which is not to exceed one year from the Acquisition Date.

The following table presents the preliminary fair values of the assets acquired and liabilities assumed at the Acquisition Date (in thousands):

Assets:
Trade and other receivables	$	391
Inventories (1)		195,993
Prepaids and other current assets		919
Mineral properties, plant and equipment (2)		315,918
Total assets	$	513,221
Liabilities:
Accounts payable	$	13,236
Accrued and other liabilities		15,113
Reclamation liabilities (3)		220,974
Deferred tax liabilities (4)		19,700
Total liabilities		269,023
Total net assets	$	244,198

(1)The fair values of inventories were determined based on a net realizable value (“NRV”) approach, whereby the future estimated cash flows from sales of payable metal produced are adjusted for costs to complete. During the three months ended June 30, 2025, measurement period adjustments of $1.6 million were recorded to reflect changes in the estimated fair value.

(2)The fair value of mineral properties have been estimated using a market approach based on estimated quantities of mineral reserves and mineral resources and in-situ multiples. The fair values of plant and equipment have been estimated using a depreciated replacement cost approach. During the three months ended June 30, 2025, measurement period adjustments of $1.6 million were recorded to reflect changes in the estimated fair value.

(3)The fair value of reclamation costs is based on the expected amounts and timing of cash flows of closure activities and discounted to present value using a credit-adjusted risk-free rate as of the Acquisition Date. Key assumptions include the costs and timing of key closure activities based on the life of mine plans, including estimates and timing of monitoring and water management costs after completion of initial closure activities.

(4)Deferred income tax liabilities represent future tax expense associated with the differences between the preliminary fair value allocated to assets and liabilities and the tax basis of those assets and liabilities.

Revenue for the three and six months ended June 30, 2025 includes $150.0 million and $184.8 million, respectively, of revenue from the assets acquired in the acquisition of CC&V. Net income attributable to SSR Mining shareholders for the three and six months ended June 30, 2025 includes net income of $81.8 million and $91.8 million, respectively, from CC&V.

13

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

Pro forma financial information

The following unaudited pro forma financial information represents a summary of the historical consolidated results of operations for the three and six months ended June 30, 2025 and 2024, giving effect to the acquisition as if it had been completed on January 1, 2024. The pro forma financial information is provided for illustrative purposes only and is not intended to represent what the Company’s financial position or results of operations would have been had the acquisition occurred on the assumed date, nor does it purport to project the future operating results or the financial position of the Company following the acquisition.

The information below reflects certain nonrecurring and recurring pro forma adjustments that were directly related to the acquisition based on available information and certain assumptions that the Company believes are reasonable, including: (i) the changes in depreciation, depletion and amortization reflecting the relative preliminary fair values attributable to mineral properties, plant and equipment, (ii) the changes in cost of sales reflecting the relative preliminary fair values attributable to inventories, (iii) the changes in reclamation and remediation costs reflective of the fair market value of reclamation and remediation liabilities, (iv) the changes in other operating expense (income), net reflective of the preliminary fair values attributable to contingent consideration liabilities, and (v) the estimated tax impacts of the pro forma adjustments.

The following table provides unaudited pro forma financial information for the three and six months ended June 30, 2025 and 2024, as if CC&V had been acquired as of January 1, 2024 (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2024		2025		2024
Revenue	$	263,807	$	810,231	$	$	553,695
Net income attributable to SSR Mining shareholders (1)	$	40,527	$	184,213	$	$	(227,197)

(1)For the three and six months ended June 30, 2025, net income (loss) includes $5.0 million and $11.8 million, respectively, of transaction and integration costs.

14

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

4.OPERATING SEGMENTS

The Company identifies its segments according to how the chief operating decision maker ("CODM") evaluates financial performance and allocates resources. The Company's CODM is the chief executive officer. The CODM assesses the segments' performance by using each segments' operating income and primarily relies on operating income for each segment during the annual budgeting and forecasting process. On a quarterly basis, the CODM reviews budget-to-actual variances for profit metrics to inform decisions on the allocation of operating and capital resources across segments.

Following the close of the CC&V acquisition, the Company revised its operating segments to reflect certain changes in how the CODM evaluates financial performance and allocates resources. The Company determined that it has five reportable and operating segments represented by each of its producing mine sites, which includes the suspended operations at Çöpler and now includes CC&V. For the periods prior to the first quarter of 2025, the Company had four reportable segments.

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

15

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

	Three Months Ended June 30, 2025
	Çöpler (1)		Marigold		CC&V		Seabee (2)		Puna		Segment Total			Corporate and other (3)	Consolidated
Revenue	$	—	$	118,786	$	149,965	$	34,540	$	102,164	$	405,455	$	—	$	405,455
Cost of sales (4)	$	—	$	56,376	$	50,003	$	18,473	$	38,096	$	162,948	$	—	$	162,948
Depreciation, depletion, and amortization	$	—	$	8,228	$	2,784	$	6,921	$	8,191	$	26,124	$	113	$	26,237
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	—	$	26,634	$	26,634
Exploration and evaluation	$	347	$	1,824	$	(195)	$	2,743	$	805	$	5,524	$	1,279	$	6,803
Reclamation and remediation costs	$	63,541	$	806	$	3,887	$	336	$	1,280	$	69,850	$	—	$	69,850
Care and maintenance (5)	$	36,714	$	—	$	—	$	1,013	$	—	$	37,727	$	—	$	37,727
Other operating expense (income), net	$	(41,843)	$	313	$	630	$	98	$	203	$	(40,599)	$	6,970	$	(33,629)
Operating income (loss)	$	(58,759)	$	51,239	$	92,856	$	4,956	$	53,589	$	143,881	$	(34,996)	$	108,885
Interest expense	$	(1,642)	$	—	$	—	$	—	$	(877)	$	(2,519)	$	(1,708)	$	(4,227)
Interest income	$	—	$	756	$	—	$	303	$	907	$	1,966	$	1,057	$	3,023
Other income (expense)	$	202	$	(246)	$	—	$	(7)	$	3,954	$	3,903	$	(719)	$	3,184
Foreign exchange gain (loss)	$	402	$	—	$	—	$	854	$	(6,235)	$	(4,979)	$	(5,214)	$	(10,193)
Income (loss) before income and mining taxes	$	(59,797)	$	51,749	$	92,856	$	6,106	$	51,338	$	142,252	$	(41,580)	$	100,672
Capital expenditures	$	247	$	18,841	$	14,427	$	8,762	$	4,023	$	46,300	$	16,170	$	62,470
Total assets as of June 30, 2025	$	2,642,739	$	818,746	$	534,551	$	355,909	$	363,386	$	4,715,331	$	1,080,546	$	5,795,877

(1)All operations at Çöpler ceased on February 13, 2024, following the Çöpler Incident and have not commenced as of June 30, 2025.

(2)During the second quarter of 2025, the Company suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. Seabee resumed operations on June 13, 2025.

(3)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties and the portfolio of prospective exploration tenures, near or adjacent to the existing operations are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.

(4)Excludes depreciation, depletion, and amortization.

(5)Care and maintenance expense represents the direct costs not associated with the environmental reclamation and remediation costs of $21.8 million and depreciation of $14.9 million during the suspension of operations at Çöpler beginning in the first quarter of 2024; and direct costs of $0.2 million and depreciation of $0.8 million during the temporary suspension of operations at Seabee during the three months ended June 30, 2025.

16

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

	Three Months Ended June 30, 2024
	Çöpler		Marigold		Seabee		Puna		Segment Total		Corporate and other (1)		Consolidated
Revenue	$	—	$	60,873	$	35,386	$	88,582	$	184,841	$	—	$	184,841
Cost of sales (2)	$	—	$	39,237	$	17,275	$	40,070	$	96,582	$	—	$	96,582
Depreciation, depletion, and amortization	$	—	$	5,745	$	9,477	$	7,789	$	23,011	$	—	$	23,011
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	13,452	$	13,452
Exploration and evaluation	$	298	$	3,971	$	5,190	$	665	$	10,124	$	1,131	$	11,255
Reclamation and remediation costs	$	493	$	724	$	334	$	863	$	2,414	$	—	$	2,414
Care and maintenance (3)	$	30,556	$	—	$	—	$	—	$	30,556	$	—	$	30,556
Other operating expense (income), net	$	2,375	$	451	$	6	$	705	$	3,537	$	(6,686)	$	(3,149)
Operating income (loss)	$	(33,722)	$	10,745	$	3,104	$	38,490	$	18,617	$	(7,897)	$	10,720
Interest expense	$	(831)	$	—	$	—	$	—	$	(831)	$	(1,274)	$	(2,105)
Interest income	$	(1,005)	$	1,717	$	1,397	$	101	$	2,210	$	1,295	$	3,505
Other income (expense)	$	(808)	$	(19)	$	9	$	2,326	$	1,508	$	(45)	$	1,463
Foreign exchange gain (loss)	$	1,290	$	(8)	$	182	$	1,383	$	2,847	$	(1,971)	$	876
Income (loss) before income and mining taxes	$	(35,076)	$	12,435	$	4,692	$	42,300	$	24,351	$	(9,892)	$	14,459
Capital expenditures	$	3,586	$	13,096	$	7,119	$	3,550	$	27,351	$	8,982	$	36,333
Total assets as of June 30, 2024	$	2,736,138	$	801,572	$	411,838	$	283,905	$	4,233,453	$	942,101	$	5,175,554

(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 $17.3 million and depreciation of $13.3 million during the suspension of operations at Çöpler beginning in the first quarter of 2024.

17

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

	Six Months Ended June 30, 2025
	Çöpler (1)		Marigold		CC&V (2)		Seabee (3)		Puna		Segment Total			Corporate and other (4)	Consolidated
Revenue	$	—	$	235,966	$	184,837	$	110,842	$	190,428	$	722,073	$	—	$	722,073
Cost of sales (5)	$	—	$	115,102	$	67,968	$	41,604	$	74,915	$	299,589	$	—	$	299,589
Depreciation, depletion, and amortization	$	—	$	16,941	$	3,288	$	20,425	$	15,972	$	56,626	$	224	$	56,850
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	—	$	50,529	$	50,529
Exploration and evaluation	$	769	$	2,515	$	—	$	6,883	$	1,177	$	11,344	$	2,324	$	13,668
Reclamation and remediation costs	$	64,156	$	1,610	$	5,171	$	672	$	2,561	$	74,170	$	—	$	74,170
Care and maintenance (6)	$	72,509	$	—	$	—	$	1,013	$	—	$	73,522	$	—	$	73,522
Other operating expense (income), net	$	(39,265)	$	656	$	634	$	98	$	439	$	(37,438)	$	15,407	$	(22,031)
Operating income (loss)	$	(98,169)	$	99,142	$	107,776	$	40,147	$	95,364	$	244,260	$	(68,484)	$	175,776
Interest expense	$	(3,219)	$	—	$	—	$	—	$	(982)	$	(4,201)	$	(3,395)	$	(7,596)
Interest income	$	—	$	2,356	$	—	$	731	$	1,253	$	4,340	$	1,680	$	6,020
Other income (expense)	$	246	$	(459)	$	—	$	(15)	$	7,778	$	7,550	$	(1,040)	$	6,510
Foreign exchange gain (loss)	$	302	$	—	$	—	$	746	$	(9,920)	$	(8,872)	$	(7,373)	$	(16,245)
Income (loss) before income and mining taxes	$	(100,840)	$	101,039	$	107,776	$	41,609	$	93,493	$	243,077	$	(78,612)	$	164,465
Capital expenditures	$	738	$	34,091	$	15,820	$	20,564	$	5,977	$	77,190	$	29,091	$	106,281
Total assets as of June 30, 2025	$	2,642,739	$	818,746	$	534,551	$	355,909	$	363,386	$	4,715,331	$	1,080,546	$	5,795,877

(1)All operations at Çöpler ceased on February 13, 2024, following the Çöpler Incident and have not commenced as of June 30, 2025.

(2)The reported statements of operations amounts reflect results for CC&V from the date of acquisition on February 28, 2025 through June 30, 2025. See Note 3 for additional information.

(3)During the second quarter of 2025, the Company suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. Seabee resumed operations on June 13, 2025.

(4)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties and the portfolio of prospective exploration tenures, near or adjacent to the existing operations are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.

(5)Excludes depreciation, depletion, and amortization.

18

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

(6)Care and maintenance expense represents the direct costs not associated with the environmental reclamation and remediation costs of $42.4 million and depreciation of $30.1 million during the suspension of operations at Çöpler beginning in the first quarter of 2024; and direct costs of $0.2 million and depreciation of $0.8 million during the temporary suspension of operations at Seabee during the three months ended June 30, 2025.

	Six Months Ended June 30, 2024
	Çöpler		Marigold		Seabee		Puna		Segment Total		Corporate and other (1)		Consolidated
Revenue	$	48,571	$	137,560	$	94,513	$	134,431	$	415,075	$	—	$	415,075
Cost of sales (2)	$	24,423	$	88,308	$	41,708	$	68,044	$	222,483	$	—	$	222,483
Depreciation, depletion, and amortization	$	9,831	$	13,184	$	24,690	$	13,704	$	61,409	$	—	$	61,409
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	26,313	$	26,313
Exploration and evaluation	$	1,072	$	8,065	$	8,736	$	1,000	$	18,873	$	2,613	$	21,486
Reclamation and remediation costs	$	273,890	$	1,448	$	668	$	1,726	$	277,732	$	—	$	277,732
Impairment charges of long-lived and other assets	$	114,230	$	—	$	—	$	—	$	114,230	$	—	$	114,230
Care and maintenance (3)	$	44,965	$	—	$	—	$	—	$	44,965	$	—	$	44,965
Other operating expense (income), net	$	17,684	$	458	$	6	$	704	$	18,852	$	(6,691)	$	12,161
Operating income (loss)	$	(437,524)	$	26,096	$	18,706	$	49,253	$	(343,469)	$	(22,235)	$	(365,704)
Interest expense	$	(3,361)	$	—	$	—	$	—	$	(3,361)	$	(3,399)	$	(6,760)
Interest income	$	15	$	3,611	$	3,058	$	570	$	7,254	$	2,547	$	9,801
Other income (expense)	$	(205)	$	(499)	$	1	$	(522)	$	(1,225)	$	159	$	(1,066)
Foreign exchange gain (loss)	$	(1,083)	$	(8)	$	180	$	4,141	$	3,230	$	(3,267)	$	(37)
Income (loss) before income and mining taxes	$	(442,158)	$	29,200	$	21,945	$	53,442	$	(337,571)	$	(26,195)	$	(363,766)
Capital expenditures	$	10,127	$	15,527	$	22,892	$	6,909	$	55,455	$	17,114	$	72,569
Total assets as of June 30, 2024	$	2,736,138	$	801,572	$	411,838	$	283,905	$	4,233,453	$	942,101	$	5,175,554

(1)Corporate and other consists of business activities that are not included within the reportable segments and 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 $25.0 million and depreciation of $20.0 million during the suspension of operations at Çöpler beginning in the first quarter of 2024.

19

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

5.REVENUE

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Gold doré sales
Çöpler	$	—	$	—	$	—	$	48,226
Marigold		118,753		60,835		235,895		137,498
CC&V		149,464		—		184,123		—
Seabee		34,525		35,372		110,802		94,474
Concentrate sales
Puna		100,151		82,846		186,844		131,218
Other (1)
Çöpler		—		—		—		345
Marigold		33		38		71		62
CC&V		501		—		714		—
Seabee		15		14		40		39
Puna		2,013		5,736		3,584		3,213
Total	$	405,455	$	184,841	$	722,073	$	415,075

(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 are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Gold	$	302,742	$	96,207	$	530,820	$	280,198
Silver		87,210		69,276		162,485		108,610
Lead		11,430		11,907		22,481		20,369
Zinc		1,511		1,663		1,878		2,239
Other (1)		2,562		5,788		4,409		3,659
Total	$	405,455	$	184,841	$	722,073	$	415,075

(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

At June 30, 2025, the Company had silver sales of 5.1 million ounces at an average price of $33.97 per ounce, lead sales of 24.8 million pounds at an average price of $0.89 per pound, and zinc sales of 1.6 million pounds at an average price of $1.22 per pound, subject to normal course final pricing over the next several months.

For the three months ended June 30, 2025 and 2024, the change in the fair value of the Company's embedded derivatives relating to provisional concentrate metal sales was an increase of $2.0 million and $5.7 million, respectively. For the six months ended June 30, 2025 and 2024, the change in the fair value of the Company's embedded derivatives relating to provisional concentrate metal sales was an increase of $3.6 million and $3.2 million, respectively. The changes in fair value have been recorded in Revenue.

20

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

6.RECLAMATION AND REMEDIATION LIABILITIES 

The Company is subject to various domestic and international laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. Estimated future reclamation costs are based principally on current legal and regulatory requirements.

Çöpler Reclamation and Remediation

During the first quarter of 2024, the Company estimated total reclamation and remediation costs of $250.0 million to $300.0 million related to the Çöpler Incident, in addition to the approximately $22.5 million incurred during the first quarter of 2024. The Company accrued the low end of the estimated cost range, recording total reclamation and remediation costs of $272.9 million inclusive of the $22.5 million incurred during the first quarter of 2024. During the second quarter of 2025, the Company recorded an adjustment of $62.9 million, comprising of $9.4 million related to reclamation costs and $53.5 million related to remediation costs. The revised estimate reflects an increase of $12.9 million above the previously disclosed estimated reclamation and remediation cost range. The revision in estimate reflects the Company's advancement of the engineering and construction design of the permanent storage facility and the advancement of the studies for the permanent closure of the heap leach pad. As part of the heap leach pad closure planning, the Company will conduct further field investigations to confirm the integrity of the heap leach pad liner. This will entail exposing and inspecting sections of the heap leach pad liner. Following completion of the liner inspection, the Company will use the findings to refine and update the closure plan for the heap leach pad. These studies and inspections may result in revisions to the scope of work, estimated costs, and overall timelines related to the heap leach pad closure.

Changes in Reclamation and remediation liabilities during the six months ended June 30, 2025 and 2024, were as follows (in thousands): 

	Six Months Ended June 30, 2025						Six Months Ended June 30, 2024
	Reclamation		Remediation		Total		Reclamation		Remediation		Total
Balance as of January 1	$	209,923	$	135,914	$	345,837	$	173,819	$	—	$	173,819
Additions (1)		220,974		—		220,974		—		261,674		261,674
Changes in estimate and other (2)		9,420		53,507		62,927		11,054		—		11,054
Expenditures		(2,506)		(10,178)		(12,684)		(663)		(77,210)		(77,873)
Accretion expense		11,190		—		11,190		4,829		—		4,829
Balance as of June 30	$	449,001	$	179,243	$	628,244	$	189,039	$	184,464	$	373,503
Less: current  portion		(14,404)		(17,932)		(32,336)		(6,784)		(136,753)		(143,537)
Non-current reclamation and remediation liabilities	$	434,597	$	161,311	$	595,908	$	182,255	$	47,711	$	229,966

(1)During the six months ended June 30, 2025, reclamation changes were primarily comprised of an increase of $221.0 million as a result of the acquisition of CC&V. During the six months ended June 30, 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 displaced heap leach material 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 displaced heap leach material, and management of surface and ground water in the Sabırlı Valley.

(2)During the six months ended June 30, 2025, reclamation and remediation changes were primarily comprised of an increase of $9.4 million and $53.5 million, respectively. As discussed above, the Company revised the estimate related to the closure of the Çöpler heap leach pad and construction estimate for the permanent storage facility during the second quarter of 2025. During the six months ended June 30, 2024,

21

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

reclamation changes were comprised of an $11.1 million revision in the timing primarily related to the closure of the heap leach pad as a result of the Çöpler Incident.

The following table includes the components of Reclamation and remediation costs for the three and six months ended June 30, 2025 and 2024 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
		2025		2024		2025		2024
Reclamation adjustments and other	$	9,419	$	—	$	9,419	$	11,229
Reclamation accretion		6,874		2,414		11,190		4,829
Total reclamation costs		16,293		2,414		20,609		16,058
Remediation adjustments and other		53,557		—		53,561		261,674
Total remediation costs		53,557		—		53,561		261,674
Total reclamation and remediation costs	$	69,850	$	2,414	$	74,170	$	277,732

7.IMPAIRMENT OF LONG-LIVED AND OTHER ASSETS

For the three and six months ended June 30, 2025, the Company did not record any impairment of long-lived and other assets.

For the three months ended June 30, 2024, the Company did not record any impairment of long-lived and other assets. For the six months ended June 30, 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. The Company fully impaired the heap leach pad inventory and related heap leach pad processing facilities as a result of the Çöpler Incident and the Company’s plans to permanently close the heap leach pad.

8.OTHER OPERATING EXPENSE (INCOME), NET

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
CC&V transaction and integration costs	$	4,958	$	—	$	11,753	$	—
Loss (gain) on sale and disposal of assets, net		411		(5,599)		755		(5,599)
Change in fair value of contingent consideration		2,013		—		3,654		—
Contingencies and expenses related to the Çöpler Incident		2,298		2,363		3,862		17,673
Insurance proceeds received related to the Çöpler Incident (1)		(44,409)		—		(44,409)		—
Other taxes		470		—		1,721		—
Other		630		87		633		87
Total	$	(33,629)	$	(3,149)	$	(22,031)	$	12,161

(1)During the second quarter of 2025, the Company received business interruption insurance proceeds of $44.4 million associated with the Çöpler Incident.

22

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

9.OTHER INCOME (EXPENSE)

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Interest income	$	3,023	$	3,505	$	6,020	$	9,801
Gain (loss) on investments and on marketable security sales		6,855		7,055		12,006		8,232
Change in fair value of marketable securities		(2,065)		(3,602)		(3,721)		(6,419)
Other		(1,606)		(1,990)		(1,775)		(2,879)
Total	$	6,207	$	4,968	$	12,530	$	8,735

10.INCOME AND MINING TAXES

The Company’s consolidated effective income tax rate was 17.9% for the first six months of 2025 compared to 2.3% for the first six months of 2024. The Company, a Canadian domiciled entity, is subject to a statutory tax rate of 27.0%. The effective rate for the six months ended June 30, 2025 differs from the statutory rate primarily due to foreign currency fluctuations in select jurisdictions partially offset by additions to the valuation allowance for net operating losses generated by certain entities. The effective tax rate for the six months ended June 30, 2024 differs from the statutory rate primarily due to additions to the valuation allowance for net operating losses generated by certain entities partially offset by foreign currency fluctuations in select jurisdictions.

11.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 dilutive potential common shares during the period.

Dilutive potential common shares include stock options, Restricted Share Units (“RSUs”), and convertible notes.

23

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 are based on the following (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net income (loss)	$	80,362	$	2,464	$	134,808	$	(355,698)
Net (income) loss attributable to non-controlling interest		9,713		7,229		14,048		78,309
Net income (loss) attributable to SSR Mining shareholders		90,075		9,693		148,856		(277,389)
Interest saving on 2019 Notes, net of tax		1,247		—		2,479		—
Net income (loss) used in the calculation of diluted net income per share	$	91,322	$	9,693	$	151,335	$	(277,389)
Weighted average number of common shares issued		202,774		202,133		202,598		202,244
Adjustments for dilutive instruments:
Restricted share units		1,220		274		1,112		—
2019 Notes		12,995		—		12,981		—
Diluted weighted average number of shares outstanding		216,989		202,407		216,691		202,244
Net income (loss) per share attributable to SSR Mining shareholders
Basic	$	0.44	$	0.05	$	0.73	$	(1.37)
Diluted	$	0.42	$	0.05	$	0.70	$	(1.37)

For the three months ended June 30, 2024, $1.2 million of interest saving on convertible notes, net of tax, and 13,210 common shares were excluded from the diluted income per common share calculation because the effect would be antidilutive.

For the six months ended June 30, 2024, $2.5 million of interest saving on convertible notes, net of tax, 13,339 common shares, and 417 restricted share units were excluded from the diluted income per common share calculation because the Company incurred a net loss and the effect would be antidilutive.

24

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

12.FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS

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. Refer to Note 13 to the audited consolidated financial statements in the Company’s 2024 Annual Report on Form 10-K for further information on the Company's assets and liabilities measured at fair value. 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 June 30, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash	$	412,104	$	—	$	—	$	412,104
Marketable securities (1)		43,477		—		—		43,477
Trade receivables from provisional sales, net (2)		—		72,447		—		72,447
Deferred consideration		—		—		26,816		26,816
	$	455,581	$	72,447	$	26,816	$	554,844
Liabilities:
Contingent consideration liabilities	$	—	$	—	$	169,626	$	169,626
Other		—		3		—		3
	$	—	$	3	$	169,626	$	169,629

(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 Condensed 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.

25

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

	Fair value at December 31, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Cash	$	387,882	$	—	$	—	$	387,882
Marketable securities (1)		34,631		—		—		34,631
Trade receivables from provisional sales, net (2)		—		78,687		—		78,687
Deferred consideration		—		—		26,383		26,383
	$	422,513	$	78,687	$	26,383	$	527,583
Liabilities:
Contingent consideration liabilities	$	—	$	—	$	29,642	$	29,642
Other		—		68		—		68
	$	—	$	68	$	29,642	$	29,710

(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 Condensed 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.

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):

26

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

	Six Months Ended June 30,
	2025		2024
Deferred consideration assets:
Balance as of January 1	$	26,383	$	21,213
Revaluations		1,683		1,536
Additions		—		2,378
Collections		(1,250)		—
Balance as of June 30	$	26,816	$	25,127

	Six Months Ended June 30,
	2025		2024
Contingent consideration liabilities:
Balance as of January 1	$	29,642	$	29,648
Revaluations		4,522		(238)
Additions		135,462		—
Balance as of June 30	$	169,626	$	29,410

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): 

		June 30, 2025				December 31, 2024
	Level	Carrying amount		Fair value		Carrying amount		Fair value
2019 Notes (1)	1	$	229,092	$	238,790	$	228,572	$	220,292

(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.

13.TRADE AND OTHER RECEIVABLES

The components of Trade and other receivables are as follows (in thousands):

	June 30, 2025		December 31, 2024
Trade receivables	$	73,994	$	84,239
Value added tax receivables		17,926		19,939
Income tax receivable		1,811		4,626
Other taxes receivable		20,600		13,479
Other		2,723		2,155
Total	$	117,054	$	124,438

No provision for credit loss was recognized as of June 30, 2025 or December 31, 2024. All trade receivables are expected to be settled within twelve months.

27

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

14.INVENTORIES

The components of Inventories are as follows (in thousands):

	June 30, 2025		December 31, 2024
Materials and supplies	$	135,854	$	113,752
Stockpiled ore		77,978		72,561
Leach pad inventory		327,139		253,166
Work-in-process		8,777		3,850
Finished goods		18,995		20,745
Total current inventories		568,743		464,074
Stockpiled ore		245,288		246,536
Leach pad inventory		214,661		44,676
Total non-current inventories	$	459,949	$	291,212

No write-downs of inventory were recognized during the three and six months ended June 30, 2025.

During the three and six months ended June 30, 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.

15.MINERAL PROPERTIES, PLANT AND EQUIPMENT, NET

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

	June 30, 2025		December 31, 2024
Plant and equipment (1)	$	2,052,397	$	1,883,193
Construction in process		180,436		135,594
Mineral properties subject to depletion		2,304,787		2,114,765
Mineral properties not yet subject to depletion		894,279		884,029
Exploration and evaluation assets		247,164		254,146
Total mineral properties, plant, and equipment		5,679,063		5,271,727
Accumulated depreciation, plant and equipment		(865,693)		(804,411)
Accumulated depletion, mineral properties		(713,258)		(684,449)
Mineral properties, plant, and equipment, net	$	4,100,112	$	3,782,867

(1)As of June 30, 2025 and December 31, 2024, plant and equipment includes finance lease right-of-use assets with a carrying amount of $75.8 million and $78.9 million, respectively.

No impairment was recognized during the three months ended June 30, 2025 and 2024.

No impairment was recognized during the six months ended June 30, 2025. During the six months ended June 30, 2024, the Company concluded that certain mineral properties, plant and equipment at Çöpler were impaired and recorded a non-cash impairment of $38.2 million classified as a component of Impairment charges of long-lived and other assets in the Condensed Consolidated Statements of Operations.

28

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

16.ACCRUED LIABILITIES AND OTHER

The components of Accrued liabilities and other are as follows (in thousands):

	June 30, 2025		December 31, 2024
Accrued liabilities	$	86,938	$	71,776
Royalties payable		14,321		17,017
Stock-based compensation liabilities		14,068		6,469
Income taxes payable		47,341		41,077
Lease liabilities		2,062		1,657
Other		1,524		1,385
Total accrued liabilities and other	$	166,254	$	139,381

17.DEBT

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

	June 30, 2025		December 31, 2024
2019 Notes (1)	$	229,092	$	228,572
Current Portion	$	229,092	$	—
Non-Current Portion	$	—	$	228,572

(1)Amount is net of discount and debt issuance costs of $0.9 million and $1.4 million, respectively.

Convertible debt

2019 Notes

The 2019 Notes were reclassified from Debt, non-current to Current portion of debt as of June 30, 2025 due to the holder right of redemption at par, plus accrued and unpaid interest, which is payable on April 1, 2026 following a twenty business day notice period.

As of June 30, 2025, the Company was in compliance with its covenants. For further details on the Company’s indebtedness, see Note 20 to the audited consolidated financial statements in the Company’s 2024 Annual Report on Form 10-K.

18.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. Following the Çöpler Incident, the Company terminated the automatic share purchase plan effective March 1, 2024. The 2023 NCIB expired on June 19, 2024 and the Company has not sought approval for a new NCIB.

During the six months ended June 30, 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 total amount deducted from common shares of $16.4 million, based on the average paid in capital per common share outstanding prior to the repurchase date, less the total consideration resulted in a difference of $6.6 million that was recorded as an increase to retained earnings.

29

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

19.SUPPLEMENTAL CASH FLOW INFORMATION

Net change in operating assets and liabilities were as follows (in thousands):

	Six Months Ended June 30,
	2025		2024
Decrease (increase) in operating assets:
Trade and other receivables	$	1,797	$	29,694
Inventories		(64,229)		(78,539)
Other operating assets		7,074		6,381
Increase (decrease) in operating liabilities:
Accounts payable		(4,715)		(13,135)
Accrued liabilities and other		2,683		(6,750)
Other operating liabilities		(934)		(114)
	$	(58,324)	$	(62,463)

Other cash information was as follows (in thousands):

	Six Months Ended June 30,
	2025		2024
Interest paid	$	(3,898)	$	(3,735)
Interest received	$	6,020	$	9,216
Income taxes paid	$	(37,450)	$	(21,558)
Insurance proceeds received related to the Çöpler Incident (1)	$	44,409	$	—

(1)The Company received business interruption insurance proceeds of $44.4 million associated with the Çöpler Incident. These proceeds are classified within operating activities in the Condensed Consolidated Statement of Cash Flows, as they represent recovery of lost revenues and operating costs.

30

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

20.RELATED PARTY TRANSACTIONS

Related party loan

Artmin Madencilik Sanayi Ve Ticaret A.Ş (“Artmin”) entered into loan agreements with Horizon, as lender, to fund Horizon’s portion of working capital spend of the Hod Maden project. The loans are unsecured and bear interest at the credit default swap premium of Türkiye plus a fixed spread of 4.0% at the end of each calendar quarter. The loans have a five year maturity with maturity dates ranging from June 2028 to June 2030. Artmin’s loans with Horizon had a total borrowing capacity of $48.4 million, of which $30.7 million was outstanding as of June 30, 2025. The liability is included in Debt, related party in the Condensed Consolidated Balance Sheets. As of June 30, 2025, no repayments have been made. Interest expense for these loans totaled $0.4 million and $0.2 million for the three months ended June 30, 2025 and 2024, respectively. Interest expense for these loans totaled $0.8 million and $0.3 million for the six months ended June 30, 2025 and 2024, respectively. The interest expense on the loan is included in Interest expense in the Condensed Consolidated Statements of Operations.

Related party line of credit

During 2024, the Company’s majority owned subsidiary, Anagold Madenncilik Sanayi ve Ticaret A.Ş, entered into loan agreements with Aktif Bank, as lender, to fund Lidya Mines’ portion of reclamation and environmental obligations. Aktif Bank is a wholly owned subsidiary of Calik Holding. Calik Holding owns 100% of Lidya Mines, which is the Company’s joint venture partner. The loan agreements provide for a non-revolving credit facility in an aggregate principal amount of up to $11.0 million and mature August 8, 2025, and bear interest at the rate of 10.0% per annum. The loans are guaranteed by Lidya Madencilik Sanayi ve Ticaret A.Ş. As of June 30, 2025, the outstanding balance of the loans was $11.0 million and is included in Current portion of debt, related party in the Condensed Consolidated Balance Sheets. As of June 30, 2025, no repayments have been made. Interest expense totaled $0.3 million and nil for the three months ended June 30, 2025 and 2024, respectively. Interest expense totaled $0.6 million and nil for the six months ended June 30, 2025 and 2024, respectively. The interest expense on the loans are included in Interest expense in the Condensed Consolidated Statements of Operations.

21.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 has been incurred.

31

SSR Mining Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

Environmental matters

CC&V - Carlton Tunnel

In December 2021, CC&V entered into a Settlement Agreement (“Settlement Agreement”) with the Water Quality Control Division of the Colorado Department of Public Health and Environment (the “Division”) with a mutual objective of resolving issues associated with the new discharge permits issued by the Division in January 2021 for the Carlton Tunnel. The Carlton Tunnel was a historic tunnel completed in 1941 with the purpose of draining the southern portion of the mining district, subsequently consolidated by CC&V. CC&V has held discharge permits for the Carlton Tunnel since 1983, primarily to focus on monitoring, with the monitoring data accumulated since the mid-1970s indicating consistency in the water quality discharged from the Carlton Tunnel over time. In 2006, legal proceedings and work with the regulator confirmed that the water flowing out of the Carlton Tunnel portal is akin to natural spring water and did not constitute mine drainage. However, this changed with the January 2021 permit updates, when the regulator imposed new water quality limits. The Settlement Agreement involves the evaluation of a reasonable and achievable timeline for treatment and permit compliance, acknowledging the lack of readily available technology, and the need to spend three years to study and select the technological solution, with three additional years to construct, bringing full permit compliance to the November 2027 timeframe. In 2022, CC&V studied various interim passive water treatment options, and reported the study results to the Division. CC&V continues to study alternative long-term remediation plans for water discharged from the Carlton Tunnel, and is also working with regulators on the site specific standards, a Discharger Specific Variance ("DSV") and other potential approaches to identify highest feasible alternative treatment in the context, based on limits such as area topography. CC&V continues to study alternative long-term remediation plans for water discharged from the Carlton Tunnel, while also continuing to work with regulators to identify and implement highest feasible alternative treatments, including site specific standards and a DSV. CC&V formally submitted a proposal for site specific standards and the DSV to the Water Quality Control Commission in a June 2025 rulemaking hearing. As a result of the hearing, the Commission agreed to site specific standards for CC&V for certain water quality standards, and CC&V will continue to work with the Division on a proposal for the DSV and an extension request for compliance with certain other standards. Depending on the plans that may ultimately be agreed with the Division, a material adjustment to the liability may be required. Refer to Note 3 for further information on the acquisition of CC&V.

Surety bonds

The Company uses surety bonds to support certain environmental bonding obligations. As of June 30, 2025 and December 31, 2024, the Company had surety bonds totaling $482.4 million and $153.0 million outstanding, respectively.

Other commitments and contingencies

Following the Çöpler Incident, the Company has been named as a defendant in securities class actions in the United States and Canada 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.

32

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, “SSR Mining” or 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, 2024 filed with the Securities and Exchange Commission (“SEC”) on February 18, 2025 (“Form 10-K”).

Business Overview

SSR Mining is a precious metals mining company with five operations 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.

During the second quarter of 2025, the Company temporarily suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. The Company resumed operations on June 13, 2025 with no damage to the Company’s property.

On February 28, 2025 (“Acquisition Date”), the Company acquired all of the issued and outstanding common shares of Cripple Creek and Victor Gold Mining Company (“CC&V”) from Newmont Corporation for $100.0 million in upfront consideration and up to $175.0 million in cash in additional milestone-based payments payable in connection with the approval to amend the permit application to extend the life of mine and obtaining regulatory relief relating to flow related permitting requirements. See Note 3 of the Condensed Consolidated Financial Statements for additional details related to the CC&V acquisition.

On February 13, 2024, the Company suspended all operations at its Çöpler property as a result of a significant slip on the heap leach pad (the “Çöpler Incident”). The Çöpler Incident is expected to have a significant impact on the Company’s operations, results of operations, cash flows and financial condition. Following the Çöpler Incident, the heap leach pad will be permanently closed, and heap leach processing will no longer take place at Çöpler. At this time, the Company is not able to estimate or predict when and under what conditions it will resume operations at Çöpler. For more information on the Çöpler Incident, please see the Company’s Form 10-K.

Refer to the “Consolidation Results of Operations”, “Results of Operations”, “Liquidity and Capital Resources” and “Non-GAAP Financial Measures” for information for the six months ended June 30, 2025.

Consolidated Results of Operations

A summary of the Company's consolidated financial and operating results for the three and six months ended June 30, 2025 and 2024 are presented below (in thousands):

33

	Three Months Ended June 30,						Six Months Ended June 30,
	2025		2024		Change (%)*		2025		2024		Change (%)
Financial Results
Revenue	$	405,455	$	184,841	119.4	%	$	722,073	$	415,075	74.0	%
Cost of sales (1)	$	162,948	$	96,582	68.7	%	$	299,589	$	222,483	34.7	%
Depreciation, depletion, and amortization	$	26,237	$	23,011	14.0	%	$	56,850	$	61,409	(7.4)	%
General and administrative expenses	$	26,634	$	13,452	98.0	%	$	50,529	$	26,313	92.0	%
Exploration and evaluation	$	6,803	$	11,255	(39.6)	%	$	13,668	$	21,486	(36.4)	%
Reclamation and remediation costs	$	69,850	$	2,414	NM		$	74,170	$	277,732	(73.3)	%
Impairment charges of long-lived and other assets	$	—	$	—	—	%	$	—	$	114,230	(100.0)	%
Care and maintenance	$	37,727	$	30,556	23.5	%	$	73,522	$	44,965	63.5	%
Other operating expenses (income), net	$	(33,629)	$	(3,149)	(967.9)	%	$	(22,031)	$	12,161	(281.2)	%
Operating income (loss)	$	108,885	$	10,720	915.7	%	$	175,776	$	(365,704)	148.1	%
Net income (loss)	$	80,362	$	2,464	NM		$	134,808	$	(355,698)	137.9	%
Net income (loss) attributable to SSR Mining shareholders	$	90,075	$	9,693	829.3	%	$	148,856	$	(277,389)	153.7	%
Basic net income (loss) per share attributable to SSR Mining shareholders	$	0.44	$	0.05	780.0	%	$	0.73	$	(1.37)	153.3	%
Diluted net income (loss) per share attributable to SSR Mining shareholders	$	0.42	$	0.05	740.0	%	$	0.70	$	(1.37)	151.1	%
Adjusted attributable net income (loss) (2)	$	110,074	$	7,489	NM		$	171,647	$	29,999	472.2	%
Adjusted basic attributable net income (loss) per share (2)	$	0.54	$	0.04	NM		$	0.85	$	0.15	466.7	%
Adjusted diluted attributable net income (loss) per share (2)	$	0.51	$	0.04	NM		$	0.80	$	0.15	433.3	%
Operating Results
Gold produced (oz)		90,966		42,400	114.5	%		166,835		122,680	36.0	%
Gold sold (oz)		90,739		40,470	124.2	%		168,447		129,749	29.8	%
Silver produced ('000 oz)		2,849		2,731	4.3	%		5,354		4,646	15.2	%
Silver sold ('000 oz)		2,534		2,489	1.8	%		4,909		4,148	18.3	%
Lead produced ('000 lb) (3)		13,877		13,291	4.4	%		25,365		23,289	8.9	%
Lead sold ('000 lb) (3)		12,058		12,385	(2.6)	%		24,111		21,050	14.5	%
Zinc produced ('000 lb) (3)		1,125		859	31.0	%		1,883		2,076	(9.3)	%
Zinc sold ('000 lb) (3)		1,279		1,419	(9.9)	%		1,541		1,929	(20.1)	%
Gold equivalent produced (oz) (4)		120,191		76,102	57.9	%		223,987		177,691	26.1	%
Gold equivalent sold (oz) (4)		116,736		71,190	64.0	%		220,843		178,864	23.5	%
Average realized gold price ($/oz sold)	$	3,336	$	2,378	40.3	%	$	3,151	$	2,160	45.9	%
Average realized silver price ($/oz sold)	$	35.24	$	30.22	16.6	%	$	33.90	$	27.01	25.5	%
Cost of sales per gold equivalent ounce sold (1, 4)	$	1,396	$	1,357	2.9	%	$	1,357	$	1,244	9.1	%
Cash cost per gold equivalent ounce sold (2, 4)	$	1,282	$	1,192	7.6	%	$	1,247	$	1,137	9.7	%
AISC per gold equivalent ounce sold (2, 4)	$	2,068	$	2,116	(2.3)	%	$	2,024	$	1,789	13.1	%

34

* NM: Not meaningful

(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.

Revenue

For the three months ended June 30, 2025, revenue increased by $220.6 million, or 119.4%, to $405.5 million, as compared to $184.8 million for the three months ended June 30, 2024. The increase was primarily due to a 124.2% increase in gold ounces sold, or $119.5 million, a 40.3% increase in average realized gold price, or $87.0 million, and a 16.6% increase in realized silver price, or $12.7 million. The increase in gold ounces sold was attributable to the acquisition of CC&V and sales at Marigold. For a discussion of revenue by segment, refer to the Results of Operations below.

For the six months ended June 30, 2025, revenue increased by $307.0 million, or 74.0%, to $722.1 million, as compared to $415.1 million for the six months ended June 30, 2024. The increase was primarily due to a 45.9% higher average realized gold price, or $167.0 million, 29.8% more gold ounces sold, or $83.6 million, a 25.5% higher average realized silver price, or $33.8 million, and 18.3% more silver ounces sold, or $20.6 million. The increase in gold ounces sold was attributable to the acquisition of CC&V and sales at Marigold and Puna. For a discussion of revenue by segment, refer to the Results of Operations below.

Cost of sales

Cost of sales increased by $66.4 million, or 68.7%, to $162.9 million for the three months ended June 30, 2025, as compared to $96.6 million for the three months ended June 30, 2024. The increase was primarily due to the acquisition of CC&V and higher cost of sales at Marigold due to more ounces sold. For a discussion of cost of sales by segment, refer to the Results of Operations below.

Cost of sales increased by $77.1 million, or 34.7%, to $299.6 million for the six months ended June 30, 2025, as compared to $222.5 million for the six months ended June 30, 2024. The increase was primarily due to the acquisition of CC&V and higher cost of sales at Marigold and Puna due to more ounces sold, partially offset by a decrease in cost of sales at Çöpler due to the suspension of operations following the Çöpler Incident. For a discussion of cost of sales by segment, refer to the Results of Operations below.

Depreciation, depletion, and amortization

Depreciation, depletion, and amortization (“DD&A”) expense increased by $3.2 million, or 14.0%, to $26.2 million for the three months ended June 30, 2025, as compared to $23.0 million for the three months ended June 30, 2024, primarily due to the acquisition of CC&V.

DD&A expense decreased by $4.6 million, or 7.4%, to $56.9 million for the six months ended June 30, 2025, as compared to $61.4 million for the six months ended June 30, 2024, primarily due to the suspension of operations at Çöpler following the Çöpler Incident partially offset by the acquisition of CC&V.

General and administrative expense

General and administrative expense for the three months ended June 30, 2025 was $26.6 million as compared to $13.5 million for the three months ended June 30, 2024. General and administrative expenses increased primarily due to a $5.6 million increase in employee compensation expense and a $5.4 million increase in share based compensation expense attributable to higher share prices in 2025.

General and administrative expense for the six months ended June 30, 2025 was $50.5 million as compared to $26.3 million for the six months ended June 30, 2024. General and administrative expenses increased primarily due to an increase in share based compensation expense attributable to higher share prices in 2025.

35

Exploration and evaluation costs

Exploration and evaluation costs for the three months ended June 30, 2025 were $6.8 million compared to $11.3 million for three months ended June 30, 2024. Exploration and evaluation costs for the six months ended June 30, 2025 were $13.7 million compared to $21.5 million for six months ended June 30, 2024. Exploration and evaluation costs were lower due to reduced drilling activity during 2025 as compared to 2024. Exploration expenditures were focused on drilling activities at the Porky and Santoy mine areas at Seabee and Trenton Canyon at Marigold.

Reclamation and remediation costs

Reclamation and remediation costs for the three months ended June 30, 2025 were $69.9 million as compared to $2.4 million for the three months ended June 30, 2024. Reclamation and remediation costs increased by $67.5 million primarily due to the Company revising its estimate related to the Çöpler heap leach pad during the second quarter of 2025. The revision in estimate reflects the Company's advancement of engineering designs for the construction of the permanent storage facility and closure studies for the heap leach pad during the second quarter of 2025. See Note 6 to the Condensed Consolidated Financial Statements for further details.

Reclamation and remediation costs for the six months ended June 30, 2025 were $74.2 million as compared to $277.7 million for the six months ended June 30, 2024. For the six months ended June 30, 2025, reclamation and remediation costs were primarily related to the Company revising its estimate related to the Çöpler heap leach pad during the second quarter of 2025 as discussed above. See Note 6 to the Condensed Consolidated Financial Statements for further details. For the six months ended June 30, 2024, reclamation and remediation costs were primarily related to reclamation and remediation costs related to the Çöpler Incident.

Care and maintenance

Care and maintenance costs for the three months ended June 30, 2025 were $37.7 million as compared to $30.6 million for the three months ended June 30, 2024. Care and maintenance expense incurred during the second quarter of 2025 represents direct costs not associated with environmental reclamation and remediation costs of $22.0 million and depreciation of $15.7 million during the suspension of operations at Çöpler and the temporary suspension of operations at Seabee during the second quarter of 2025.

Care and maintenance costs for the six months ended June 30, 2025 were $73.5 million as compared to $45.0 million for the six months ended June 30, 2024. Care and maintenance expense incurred during 2025 represents direct costs not associated with environmental reclamation and remediation costs of $42.6 million and depreciation of $30.9 million during the suspension of operations at Çöpler and temporary suspension of operations at Seabee during the second quarter of 2025.

Impairment charges of long-lived and other assets

Impairment charges for the six months ended June 30, 2025 were nil compared to $114.2 million for the six months ended June 30, 2024. Impairment charges of long-lived and other assets for the six months ended June 30, 2024 represent non-cash impairment charges of the heap leach pad inventory and related heap leach facilities due to the decommissioning of the heap leach as the result of the Çöpler Incident.

Other operating expense (income), net

Other operating expense (income), net for the three months ended June 30, 2025 was $(33.6) million as compared to $(3.1) million for the three months ended June 30, 2024. The change is primarily due to the receipt of $44.4 million of business interruption insurance proceeds associated with the Çöpler Incident, partially offset by a $6.0 million change in (gain) loss on sale of assets, $5.0 million of CC&V transaction and integration costs, and $2.0 million of change in fair value of contingent consideration.

Other operating expense (income), net for the six months ended June 30, 2025 was $(22.0) million as compared to $12.2 million for the six months ended June 30, 2024. The change is due to the receipt of $44.4 million of insurance proceeds associated with the Çöpler Incident, partially offset by $11.8 million of transaction and integration costs related to CC&V.

36

Interest expense

Interest expense for the three months ended June 30, 2025 was $4.2 million as compared to $2.1 million for the three months ended June 30, 2024. Interest expense for the six months ended June 30, 2025 was $7.6 million as compared to $6.8 million for the six months ended June 30, 2024. The increases were primarily due to higher debt balances outstanding during 2025.

Other income (expense)

Other income (expense) for the three months ended June 30, 2025 was $6.2 million as compared to $5.0 million for the three months ended June 30, 2024. The changes were primarily due to changes in the fair value of marketable securities.

Other income (expense) for the six months ended June 30, 2025 was $12.5 million as compared to $8.7 million for the six months ended June 30, 2024. The changes were primarily due to higher gain on investments and marketable securities sales of $3.8 million and changes in the fair value of marketable securities of $2.7 million, partially offset by a decrease in interest income of $3.8 million as a result of lower cash balances.

Foreign exchange gain (loss)

Foreign exchange loss for the three months ended June 30, 2025 was $10.2 million compared to a gain of $0.9 million for the three months ended June 30, 2024. During the three months ended June 30, 2025, the foreign exchange loss was primarily due to the weakening of the ARS against the USD and its impact on ARS-denominated assets.

Foreign exchange loss for the six months ended June 30, 2025 was $16.2 million compared to a loss of $37.0 thousand for the six months ended June 30, 2024. During the six months ended June 30, 2025, the change in foreign exchange loss was primarily due to the weakening of the ARS against the USD and its impact on ARS-denominated assets.

Income and mining tax benefit (expense)

Income and mining tax expense for the three months ended June 30, 2025 was $20.2 million as compared to an expense of $11.7 million for the three months ended June 30, 2024. The change in income tax expense was primarily due to higher quarter-to-date operating income compared to 2024 partially offset by lower additions to the valuation allowance.

Income and mining tax expense for the six months ended June 30, 2025 was $29.4 million as compared to a benefit of $8.5 million for the six months ended June 30, 2024. The change in income tax expense was primarily due to higher year-to-date operating income compared to 2024 partially offset by lower additions to the valuation allowance.

The Organization for Economic Co-operation and Development (“OECD”) has issued the Global Anti-Base Erosion Model Rules (“Pillar Two”), which generally require multinational organizations to maintain a minimum effective corporate tax rate of 15% in each jurisdiction where they operate. These rules went into effect in 2024. The Company has limited exposure to Pillar Two taxes, as most of its jurisdictions have effective tax rates above 15%. However, the Company may have exposure to taxes under Pillar Two in the range of $0 to $10.0 million for the 2025 year.

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted, which includes permanent extensions of most expiring Tax Cuts and Jobs Act provisions as well as international tax changes. The Company is currently evaluating the impact of the OBBBA on the Condensed Consolidated Financial Statements.

37

Results of Operations

Çöpler, Türkiye

	Six Months Ended June 30,
Operating Data (1)	2025		2024		Change (%)
Gold produced (oz)		—		21,827	(100.0)	%
Gold sold (oz)		—		23,960	(100.0)	%
Average realized gold price ($/oz sold)	$	—	$	2,013	(100.0)	%
Ore mined (kt)		—		266	(100.0)	%
Waste removed (kt)		—		3,571	(100.0)	%
Total material mined (kt)		—		3,837	(100.0)	%
Ore milled (kt)		—		343	(100.0)	%
Gold mill feed grade (g/t)		—		2.39	(100.0)	%
Gold recovery (%)		—		78.9	(100.0)	%
Ore stacked (kt)		—		184	(100.0)	%
Gold grade stacked (g/t)		—		1.17	(100.0)	%
Cost of sales (2)	$	—	$	24,423	(100.0)	%
Cost of sales ($/oz gold sold) (2)	$	N/A	$	1,019	—	%
Cash costs ($/oz gold sold) (3)	$	N/A	$	1,020	—	%
AISC ($/oz gold sold) (3)	$	N/A	$	2,507	—	%

(1)Operations at Çöpler were suspended on February 13, 2024 following the Çöpler Incident and have not restarted. As a result, operating data for the three months ended June 30, 2025 and 2024 are not presented.

(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 is the comparable GAAP financial measure.

Three months ended June 30, 2025 compared to three months ended June 30, 2024

Operations remained suspended following the Çöpler Incident on February 13, 2024. Care and maintenance expense for the three months ended June 30, 2025 and 2024 of $36.7 million and $30.6 million, respectively, was recorded which represents direct costs not associated with the environmental reclamation and remediation costs and depreciation.

Six months ended June 30, 2025 compared to six months ended June 30, 2024

Operations were suspended following the Çöpler Incident on February 13, 2024. Care and maintenance expense for the six months ended June 30, 2025 and 2024 of $72.5 million and $45.0 million, respectively, was recorded which represents direct costs not associated with the environmental reclamation and remediation costs and depreciation.

38

Marigold, USA

	Three Months Ended June 30,						Six Months Ended June 30,
Operating Data	2025		2024		Change (%)		2025		2024		Change (%)
Gold produced (oz)		35,906		25,691	39.8	%		74,492		60,371	23.4	%
Gold sold (oz)		35,589		25,450	39.8	%		75,997		62,319	21.9	%
Average realized gold price ($/oz sold)	$	3,337	$	2,391	39.6	%	$	3,104	$	2,203	40.9	%
Ore mined (kt)		3,425		7,474	(54.2)	%		8,781		13,196	(33.5)	%
Waste removed (kt)		20,912		18,778	11.4	%		41,367		39,365	5.1	%
Total material mined (kt)		24,337		26,252	(7.3)	%		50,148		52,561	(4.6)	%
Ore stacked (kt)		3,426		7,474	(54.2)	%		8,782		13,169	(33.3)	%
Gold grade stacked (g/t)		0.62		0.20	210.0	%		0.44		0.17	158.8	%
Cost of sales (1)	$	56,376	$	39,237	43.7	%	$	115,102	$	88,308	30.3	%
Cost of sales ($/oz gold sold) (1)	$	1,584	$	1,542	2.7	%	$	1,515	$	1,417	6.9	%
Cash costs ($/oz gold sold) (2)	$	1,586	$	1,542	2.9	%	$	1,516	$	1,418	6.9	%
AISC ($/oz gold sold) (2)	$	1,977	$	2,065	(4.3)	%	$	1,864	$	1,690	10.3	%

(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 June 30, 2025 compared to three months ended June 30, 2024

Gold production increased 39.8% due to higher gold grade stacked, partially offset by fewer tonnes stacked. Revenue increased by $57.9 million, or 95.1%, of which $33.7 million was the result of higher average realized gold price and $24.3 million was the result of more gold ounces sold. Cost of sales increased by $17.1 million, or 43.7%, due to higher gold ounces sold and higher royalty expense resulting from higher average realized gold prices during 2025. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 2.7% and 2.9%, respectively, due to the higher mining costs discussed above, partially offset by more gold ounces sold. AISC per ounce of gold sold decreased 4.3% as a result of more gold ounces sold.

Six months ended June 30, 2025 compared to six months ended June 30, 2024

Gold production increased 23.4% due to higher gold grade stacked, partially offset by fewer tonnes stacked. Revenue increased by $98.4 million, or 71.5%, of which $68.5 million was the result of higher average realized gold price and $29.9 million was the result of more gold ounces sold. Cost of sales increased by $26.8 million, or 30.3%, due to higher gold ounces sold and higher royalty expense resulting from higher average realized gold prices during 2025. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 6.9% and 6.9%, respectively, due to the higher mining costs discussed above, partially offset by more gold ounces sold. AISC per ounce of gold sold increased 10.3% due to higher cash costs per ounce of gold sold and higher sustaining capital expenditures during 2025 as compared to 2024.

39

Cripple Creek & Victor, USA

	Three Months Ended June 30,		Six Months Ended June 30,
Operating Data (1)	2025		2025
Gold produced (oz)		44,062		55,344
Gold sold (oz)		44,800		56,100
Average realized gold price ($/oz sold)	$	3,336	$	3,282
Ore mined (kt)		3,441		5,265
Waste removed (kt)		4,880		6,451
Total material mined (kt)		8,321		11,716
Ore stacked (kt)		3,519		5,378
Gold grade stacked (g/t)		0.50		0.45
Cost of sales (2)	$	50,003	$	67,968
Cost of sales ($/oz gold sold) (2)	$	1,116	$	1,212
Cash costs ($/oz gold sold) (3)	$	1,105	$	1,199
AISC ($/oz gold sold) (3)	$	1,339	$	1,427

(1)The operating data presented represents the period from February 28, 2025 to June 30, 2025, the period for which the Company was entitled to the economic benefits of CC&V following the acquisition.

(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 CC&V. 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 and six months ended June 30, 2025 compared to three and six months ended June 30, 2024

The Company acquired CC&V on February 28, 2025 and thus there were no historical results reported for the three and six months ended June 30, 2024. See Note 3 and Note 4 of the Condensed Consolidated Financial Statements for additional information related to CC&V and the CC&V acquisition.

40

Seabee, Canada

	Three Months Ended June 30,						Six Months Ended June 30,
Operating Data	2025		2024		Change (%)		2025		2024		Change (%)
Gold produced (oz)		10,998		16,709	(34.2)	%		36,999		40,482	(8.6)	%
Gold sold (oz)		10,350		15,020	(31.1)	%		36,350		43,470	(16.4)	%
Average realized gold price ($/oz sold)	$	3,335	$	2,355	41.6	%	$	3,048	$	2,169	40.5	%
Ore mined (kt)		66		115	(42.6)	%		148		219	(32.4)	%
Ore milled (kt)		68		103	(34.0)	%		158		218	(27.5)	%
Gold mill feed grade (g/t)		5.22		5.40	(3.2)	%		7.38		5.99	23.2	%
Gold recovery (%)		96.6		95.5	1.5	%		97.0		96.0	1.0	%
Cost of sales (1)	$	18,473	$	17,275	6.9	%	$	41,604	$	41,708	(0.2)	%
Cost of sales ($/oz gold sold) (1)	$	1,785	$	1,150	55.2	%	$	1,145	$	959	19.4	%
Cash costs ($/oz gold sold) (2)	$	1,786	$	1,152	55.0	%	$	1,145	$	960	19.3	%
AISC ($/oz gold sold) (2)	$	2,708	$	1,626	66.5	%	$	1,754	$	1,488	17.9	%

(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 June 30, 2025 compared to three months ended June 30, 2024

Gold production decreased 34.2% as a result of the temporary suspension of operations due to wildfires during the second quarter of 2025. Revenue decreased by $0.8 million, or 2.4%, of which $11.0 million was a result of fewer gold ounces sold, partially offset by an increase of $10.2 million due to higher average realized gold price. Cost of sales increased by $1.2 million, or 6.9%, as a result of higher site support costs. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased by 55.2% and 55.0%, respectively, as a result of fewer ore tonnes mined and milled due to the temporary suspension of operations. AISC per ounce of gold sold increased 66.5% due to an increase in sustaining capital expenditures and fewer ounces sold.

Six months ended June 30, 2025 compared to six months ended June 30, 2024

Gold production decreased 8.6% as a result of the temporary suspension of operations due to wildfires during the second quarter of 2025. Revenue increased by $16.3 million, or 17.3%, of which $32.0 million was a result of higher average realized gold price, partially offset by $15.7 million was a result of fewer gold ounces sold. Cost of sales was consistent for the six months ended June 30, 2025 and 2024. Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 19.4% and 19.3%, respectively, as a result of fewer ore tonnes mined and milled due to unplanned mill maintenance and the temporary suspension of operations. AISC per ounce of gold sold increased 17.9% due to fewer ounces sold.

41

Puna, Argentina

	Three Months Ended June 30,						Six Months Ended June 30,
Operating Data	2025		2024		Change (%)		2025		2024		Change (%)
Silver produced ('000 oz)		2,849		2,731	4.3	%		5,354		4,646	15.2	%
Silver sold ('000 oz)		2,534		2,489	1.8	%		4,909		4,148	18.3	%
Lead produced ('000 lb)		13,877		13,291	4.4	%		25,365		23,289	8.9	%
Lead sold ('000 lb)		12,058		12,385	(2.6)	%		24,111		21,050	14.5	%
Zinc produced ('000 lb)		1,125		859	31.0	%		1,883		2,076	(9.3)	%
Zinc sold ('000 lb)		1,279		1,419	(9.9)	%		1,541		1,929	(20.1)	%
Gold equivalent sold (oz) (1)		25,997		30,720	(15.4)	%		52,396		49,115	6.7	%
Average realized silver price ($/oz)	$	35.24	$	30.22	16.6	%	$	33.90	$	27.01	25.5	%
Ore mined (kt)		475		668	(28.9)	%		1,102		931	18.4	%
Waste removed (kt)		1,592		1,519	4.8	%		2,681		3,029	(11.5)	%
Total material mined (kt)		2,067		2,187	(5.5)	%		3,783		3,960	(4.5)	%
Ore milled (kt)		492		470	4.7	%		946		887	6.7	%
Silver mill feed grade (g/t)		186.62		186.31	0.2	%		182.38		168.53	8.2	%
Lead mill feed grade (%)		1.36		1.34	1.5	%		1.29		1.25	3.2	%
Zinc mill feed grade (%)		0.26		0.18	44.4	%		0.23		0.22	4.5	%
Silver recovery (%)		96.5		97.0	(0.5)	%		96.5		96.7	(0.2)	%
Lead recovery (%)		94.0		95.7	(1.8)	%		94.3		94.9	(0.6)	%
Zinc recovery (%)		39.6		46.4	(14.7)	%		39.6		48.0	(17.5)	%
Cost of sales (2)	$	38,096	$	40,070	(4.9)	%	$	74,915	$	68,044	10.1	%
Cost of sales ($/oz silver sold) (2)	$	15.03	$	16.10	(6.6)	%	$	15.26	$	16.41	(7.0)	%
Cost of sales ($/oz gold equivalent sold) (1, 2)	$	1,465	$	1,304	12.3	%	$	1,430	$	1,385	3.2	%
Cash costs ($/oz silver sold) (3)	$	9.98	$	11.38	(12.3)	%	$	10.45	$	11.75	(11.1)	%
Cash costs ($/oz gold equivalent sold) (1, 3)	$	972	$	922	5.4	%	$	979	$	992	(1.3)	%
AISC ($/oz silver sold) (3)	$	12.57	$	15.19	(17.2)	%	$	12.85	$	15.36	(16.3)	%
AISC ($/oz gold equivalent sold) (1, 3)	$	1,225	$	1,231	(0.5)	%	$	1,204	$	1,297	(7.2)	%

(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.

42

Three months ended June 30, 2025 compared to three months ended June 30, 2024

Silver production increased 4.3% due to more ore tonnes milled. Revenue increased by $13.6 million, or 15.3%, primarily due to a $12.7 million increase as a result of higher average realized silver price and a $1.4 million increase as a result of higher silver ounces sold, partially offset by a $0.4 million decrease due to lower average realized lead price and a $0.3 million decrease as a result of a lower volume of lead concentrate sold. Cost of sales decreased by $2.0 million, or 4.9%, due to lower mill maintenance costs. Cost of sales per ounce of silver sold decreased by 6.6% due to lower mill maintenance costs and higher mill throughput. Cash costs per ounce of silver sold decreased by 12.3% due to lower cost of sales per ounce of silver sold and lower treatment and refining charges. AISC per ounce of silver sold decreased by 17.2%, due to lower cash costs per ounce of silver sold and lower reclamation cost accretion and amortization.

Six months ended June 30, 2025 compared to six months ended June 30, 2024

Silver production increased 15.2% due to more ore tonnes milled. Revenue increased by $56.0 million, or 41.7%, primarily due to a $33.8 million increase as a result of higher average realized silver price and a $20.5 million increase as a result of more silver ounces sold. Cost of sales increased by $6.9 million, or 10.1%, due to more ounces of silver sold. Cost of sales per ounce of silver sold decreased by 7.0% due to higher silver mill feed grade and a lower strip ratio. Cash costs per silver ounce of silver sold decreased by 11.1% due to lower cost of sales per ounce of silver sold and lower treatment and refining charges. AISC per ounce of silver sold decreased by 16.3% due to lower cash costs per ounce of silver sold and lower reclamation cost accretion and amortization.

43

Liquidity and Capital Resources

The Company analyzes its liquidity position, taking into consideration its available cash and cash equivalents; expected revenues and operating and capital expenditures; 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 June 30, 2025, the Company had $412.1 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 mines operates independently and are not dependent on cash flows or operational synergies. Based on this analysis, the Company believes that its current liquidity position is sufficient to sustain the operational needs of the Company 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. As of June 30, 2025, the Company was in compliance with its covenants.

The Company manages its liquidity risk through the 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 June 30, 2025, the Company had $412.1 million of cash and cash equivalents, a increase of $24.2 million from December 31, 2024. Refer to the Cash Flows section below for additional detail of the Company’s cash flow activities. The Company held $355.7 million of its cash and cash equivalents balance in USD. Additionally, the Company held cash and cash equivalents of $47.9 million, $5.6 million and $2.8 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 original maturities of 90 days or less, providing the Company with sufficient liquidity to meet its foreseeable capital needs.

Debt

The 2019 Notes were reclassified from Debt, non-current to Current portion of debt in the Condensed Consolidated Financial Statements as of June 30, 2025 due to the holder right of redemption at par plus accrued and unpaid interest, which is payable on April 1, 2026 following a twenty business day notice period. Refer to Part II, Item 8, Note 20 in the Annual Report on Form 10-K for further details.

Cash Dividends

During the three and six months ended June 30, 2025 and 2024, the Company declared no dividends.

44

Cash Flows

The following table summarizes the Company's cash flow activity for six months ended June 30:

	Six Months Ended June 30,
	2025		2024
Net cash provided by (used in) operating activities	$	242,646	$	(53,501)
Cash used in investing activities		(222,753)		(68,462)
Cash provided by (used in) financing activities		10,531		(9,332)
Effect of foreign exchange rate changes on cash and cash equivalents		(6,202)		(2,791)
Increase (decrease) in cash, cash equivalents and restricted cash		24,222		(134,086)
Cash, cash equivalents, and restricted cash, beginning of period		387,882		492,494
Cash, cash equivalents, and restricted cash, end of period	$	412,104	$	358,408

Cash provided by operating activities

For the six months ended June 30, 2025, cash provided by (used in) operating activities was $242.6 million compared to $(53.5) million for the six months ended June 30, 2024. The change in cash provided by (used in) operating activities is primarily due to $307.0 million increase in revenues attributable to 45.9% higher average realized gold price and 29.8% increase in gold ounces sold, and $44.4 million of business interruption insurance proceeds received associated with the Çöpler Incident.

Cash used in investing activities

For the six months ended June 30, 2025, cash used in investing activities was $222.8 million compared to $68.5 million for the six months ended June 30, 2024. The increase of $154.3 million of cash used in investing activities is primarily due to the $108.7 million used for the acquisition of CC&V, $32.8 million in higher capital expenditures, and $42.1 million in increased purchases of marketable securities. The increases were partially offset by $33.2 million in higher net proceeds from the sale of marketable securities when compared to the six months ended June 30, 2024.

Cash provided by (used in) financing activities

For the six months ended June 30, 2025, cash provided by (used in) financing activities was $10.5 million compared to $(9.3) million for the six months ended June 30, 2024. The change in cash provided by (used in) financing activities was primarily due to an increase of $9.5 million of proceeds from related party debt and a $9.8 million decrease in the purchases and cancellation of common shares in 2025 as compared to 2024.

Contractual Obligations

Except as discussed below, there have been no material changes in the Company’s contractual obligations since December 31, 2024.

During the six months ended June 30, 2025, the Company became liable for milestone-based payments totaling up to $175.0 million in connection with the acquisition of CC&V. Refer to Note 3 of the Condensed Consolidated Financial Statements for further details regarding the CC&V acquisition.

Refer to Part II, Item 7 in the Annual Report on Form 10-K for information regarding the Company’s contractual obligations.

45

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 and lease related 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.

46

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

	Three Months Ended June 30, 2025
(in thousands, unless otherwise noted)	Çöpler		Marigold		CC&V		Seabee		Puna		Corporate		Total
Cost of sales (GAAP) (1)	$	—	$	56,376	$	50,003	$	18,473	$	38,096	$	—	$	162,948
By-product credits	—		(33)		(501)		(15)		(12,146)		—		(12,695)
Treatment and refining charges	—		92		—		23		(669)		—		(554)
Cash costs (non-GAAP)	—		56,435		49,502		18,481		25,281		—		149,699
Sustaining capital and lease related expenditures	2,368		11,770		6,656		8,762		4,023		—		33,579
Sustaining exploration and evaluation expense	—		1,447		—		—		—		—		1,447
Care and maintenance (2)	21,802		—		—		234		—		—		22,036
Reclamation cost accretion and amortization	423		691		3,838		555		2,545		—		8,052
General and administrative expense and stock-based compensation expense	—		—		—		—		—		26,634		26,634
Total AISC (non-GAAP)	$	24,593	$	70,343	$	59,996	$	28,032	$	31,849	$	26,634	$	241,447
Gold sold (oz)	—		35,589		44,800		10,350		—		—		90,739
Silver sold (oz)	—		—		—		—		2,534,393		—		2,534,393
Gold equivalent sold (oz) (3)	—		35,589		44,800		10,350		25,997		—		116,736
Cost of sales per gold equivalent ounce sold (1)(3)	N/A		$	1,584	$	1,116	$	1,785	$	1,465	N/A		$	1,396
Cash cost per gold ounce sold	N/A		$	1,586	$	1,105	$	1,786	N/A		N/A		N/A
Cash cost per silver ounce sold	N/A		N/A		N/A		N/A		$	9.98	N/A		N/A
Cash cost per gold equivalent ounce sold (3)	N/A		$	1,586	$	1,105	$	1,786	$	972	N/A		$	1,282
AISC per gold ounce sold	N/A		$	1,977	$	1,339	$	2,708	N/A		N/A		N/A
AISC per silver ounce sold	N/A		N/A		N/A		N/A		$	12.57	N/A		N/A
AISC per gold equivalent ounce sold (3)	N/A		$	1,977	$	1,339	$	2,708	$	1,225	N/A		$	2,068

(1)Excludes depreciation, depletion, and amortization.

(2)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.

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

47

	Three Months Ended June 30, 2024
(in thousands, unless otherwise noted)	Çöpler		Marigold		Seabee		Puna		Corporate		Total
Cost of sales (GAAP) (1)	$	—	$	39,237	$	17,275	$	40,070	—		$	96,582
By-product credits	—		(61)		(14)		(13,783)		—		(13,858)
Treatment and refining charges	—		74		45		2,038		—		2,157
Cash costs (non-GAAP)	—		39,250		17,306		28,325		—		84,881
Sustaining capital and lease related expenditures	4,602		12,432		6,201		3,550		—		26,785
Sustaining exploration and evaluation expense	—		274		—		—		—		274
Care and maintenance(2)	17,283		—		—		—		—		17,283
Reclamation cost accretion and amortization	493		605		922		5,926		—		7,946
General and administrative expense and stock-based compensation expense	—		—		—		—		13,452		13,452
Total AISC (non-GAAP)	$	22,378	$	52,561	$	24,429	$	37,801	$	13,452	$	150,621
Gold sold (oz)	—		25,450		15,020		—		—		40,470
Silver sold (oz)	—		—		—		2,489,064		—		2,489,064
Gold equivalent sold (oz) (3)	—		25,450		15,020		30,720		—		71,190
Cost of sales per gold equivalent ounce sold (1)(3)	N/A		$	1,542	$	1,150	$	1,304	N/A		$	1,357
Cash cost per gold ounce sold	N/A		$	1,542	$	1,152	N/A		N/A		N/A
Cash cost per silver ounce sold	N/A		N/A		N/A		$	11.38	N/A		N/A
Cash cost per gold equivalent ounce sold (3)	N/A		$	1,542	$	1,152	$	922	N/A		$	1,192
AISC per gold ounce sold	N/A		$	2,065	$	1,626	N/A		N/A		N/A
AISC per silver ounce sold	N/A		N/A		N/A		$	15.19	N/A		N/A
AISC per gold equivalent ounce sold (3)	N/A		$	2,065	$	1,626	$	1,231	N/A		$	2,116

(1)Excludes depreciation, depletion, and amortization.

(2)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.

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

48

	Six Months Ended June 30, 2025
(in thousands, unless otherwise noted)	Çöpler		Marigold		CC&V		Seabee		Puna		Corporate		Total
Cost of sales (GAAP)(1)	$	—	$	115,102	$	67,968	$	41,604	$	74,915	$	—	$	299,589
By-product credits	—		(71)		(714)		(40)		(23,255)		—		(24,080)
Treatment and refining charges	—		158		5		66		(344)		—		(115)
Cash costs (non-GAAP)	—		115,189		67,259		41,630		51,316		—		275,394
Sustaining capital and lease related expenditures	4,621		23,439		7,667		20,510		5,977		—		62,214
Sustaining exploration and evaluation expense	—		1,674		—		—		—		—		1,674
Care and maintenance (2)	42,358		—		—		234		—		—		42,592
Reclamation cost accretion and amortization	845		1,363		5,117		1,388		5,804		—		14,517
General and administrative expense and stock-based compensation expense	—		—		—		—		—		50,529		50,529
Total AISC (non-GAAP)	$	47,824	$	141,665	$	80,043	$	63,762	$	63,097	$	50,529	$	446,920
Gold sold (oz)	—		75,997		56,100		36,350				—		168,447
Silver sold (oz)	—		—		—		—		4,908,738		—		4,908,738
Gold equivalent sold (oz) (3)	—		75,997		56,100		36,350		52,396		—		220,843
Cost of sales per gold equivalent ounce sold(1)(3)	N/A		$	1,515	$	1,212	$	1,145	$	1,430	N/A		$	1,357
Cash cost per gold ounce sold	N/A		$	1,516	$	1,199	$	1,145	N/A		N/A		N/A
Cash cost per silver ounce sold	N/A		N/A		N/A		N/A		$	10.45	N/A		N/A
Cash cost per gold equivalent ounce sold (3)	N/A		$	1,516	$	1,199	$	1,145	$	979	N/A		$	1,247
AISC per gold ounce sold	N/A		$	1,864	$	1,427	$	1,754	N/A		N/A		N/A
AISC per silver ounce sold	N/A		N/A		N/A		N/A		$	12.85	N/A		N/A
AISC per gold equivalent ounce sold (3)	N/A		$	1,864	$	1,427	$	1,754	$	1,204	N/A		$	2,024

(1)Excludes depreciation, depletion, and amortization.

(2)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.

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

49

	Six Months Ended June 30, 2024
(in thousands, unless otherwise noted)	Çöpler		Marigold		Seabee		Puna		Corporate		Total
Cost of sales (GAAP)(1)	$	24,423	$	88,308	$	41,708	$	68,044	$	—	$	222,483
By-product credits	(345)		(62)		(39)		(22,848)		—		(23,294)
Treatment and refining charges	351		147		80		3,520		—		4,098
Cash costs (non-GAAP)	24,429		88,393		41,749		48,716		—		203,287
Sustaining capital and lease related expenditures	9,689		14,737		21,106		6,909		—		52,441
Sustaining exploration and evaluation expense	—		628		—		—		—		628
Care and maintenance(2)	24,961		—		—		—		—		24,961
Reclamation cost accretion and amortization	978		1,540		1,849		8,075		—		12,442
General and administrative expense and stock-based compensation expense	—		—		—		—		26,312		26,312
Total AISC (non-GAAP)	$	60,057	$	105,298	$	64,704	$	63,700	$	26,312	$	320,071
Gold sold (oz)	23,960		62,319		43,470		—		—		129,749
Silver sold (oz)	—		—		—		4,147,685		—		4,147,685
Gold equivalent sold (oz) (3)	23,960		62,319		43,470		49,115		—		178,864
Cost of sales per gold equivalent ounce sold(1)(3)	$	1,019	$	1,417	$	959	$	1,385	N/A		$	1,244
Cash cost per gold ounce sold	$	1,020	$	1,418	$	960	N/A		N/A		N/A
Cash cost per silver ounce sold	N/A		N/A		N/A		$	11.75	N/A		N/A
Cash cost per gold equivalent ounce sold (3)	$	1,020	$	1,418	$	960	$	992	N/A		$	1,137
AISC per gold ounce sold	$	2,507	$	1,690	$	1,488	N/A		N/A		N/A
AISC per silver ounce sold	N/A		N/A		N/A		$	15.36	N/A		N/A
AISC per gold equivalent ounce sold (3)	$	2,507	$	1,690	$	1,488	$	1,297	N/A		$	1,789

(1)Excludes depreciation, depletion, and amortization.

(2)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.

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

50

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:

51

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share)	2025		2024		2025		2024
Net income (loss) attributable to SSR Mining shareholders (GAAP)	$	90,075	$	9,693	$	148,856	$	(277,389)
Interest saving on 2019 Notes, net of tax		1,247		—		2,479		—
Net income (loss) used in the calculation of diluted net income per share	$	91,322	$	9,693	$	151,335	$	(277,389)
Weighted-average shares used in the calculation of net income (loss) per share
Basic		202,774		202,133		202,598		202,244
Diluted		216,989		202,407		216,691		202,244
Net income (loss) per share attributable to SSR Mining shareholders (GAAP)
Basic	$	0.44	$	0.05	$	0.73	$	(1.37)
Diluted	$	0.42	$	0.05	$	0.70	$	(1.37)
Adjustments:
CC&V transaction and integration costs		4,958		—		11,753		—
Effects of the Çöpler Incident (1)		52,179		—		53,430		321,954
Insurance proceeds received related to the Çöpler Incident (2)		(35,527)		—		(35,527)		—
Change in fair value of marketable securities		(2,065)		(3,602)		(3,721)		(6,419)
Income tax impact related to above adjustments		1,857		573		954		1,021
Inflationary impacts on tax balances		(1,403)		825		(4,098)		(9,168)
Adjusted net income (loss) attributable to SSR Mining shareholders (Non-GAAP)	$	110,074	$	7,489	$	171,647	$	29,999
Adjusted net income (loss) per share attributable to SSR Mining shareholders (Non-GAAP)
Basic	$	0.54	$	0.04	$	0.85	$	0.15
Diluted (3)	$	0.51	$	0.04	$	0.80	$	0.15

(1)For the three months ended June 30, 2025, the effects of the Çöpler Incident represent (1) reclamation costs of $7.5 million (presented net of pre-tax attributable non-controlling interest of $1.9 million) and remediation costs of $42.8 million (presented net of pre-tax attributable non-controlling interest of $10.7 million) and (2) contingencies and expenses of $1.8 million (presented net of pre-tax attributable non-controlling interest of $0.5 million).

For the six months ended June 30, 2025, the effects of the Çöpler Incident represent (1) reclamation costs of $7.5 million (presented net of pre-tax attributable non-controlling interest of $1.9 million) and remediation costs of $42.8 million (presented net of pre-tax attributable non-controlling interest of $10.7 million) and (2) contingencies and expenses of $3.1 million (presented net of pre-tax attributable non-controlling interest of $0.8 million).

For the six months ended June 30, 2024, the effects of the Çöpler Incident represent (1) reclamation costs of $9.0 million (presented net of pre-tax attributable non-controlling interest of $2.2 million) and remediation costs of $209.3 million (presented net of pre-tax attributable non-controlling interest of $52.4 million); (2) impairment charges of $91.4 million (presented net of pre-tax attributable non-controlling interest of $22.8 million) related to plans to permanently close the heap leach pad; and (3) contingencies and expenses of $12.3 million (presented net of pre-tax attributable non-controlling interest of $3.0 million).

(2)For the three and six months ended June 30, 2025, represents $35.5 million (presented net of pre-tax attributable non-controlling interest of $8.9 million) of business interruption insurance proceeds received associated with the Çöpler Incident.

(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 June 30, 2024, $1.2 million interest saving on 2019 Notes, net of tax, and dilutive potential 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. For the six months ended June 30, 2024, $2.5 million interest saving on 2019 Notes, net of tax, and dilutive potential 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 six months ended June 30, 2024.

52

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 June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Net income (loss) attributable to SSR Mining shareholders (GAAP)	$	90,075	$	9,693	$	148,856	$	(277,389)
Net income (loss) attributable to non-controlling interests		(9,713)		(7,229)		(14,048)		(78,309)
Depletion, depreciation and amortization		26,237		23,011		56,850		61,409
Interest expense		4,227		2,105		7,596		6,760
Income and mining tax expense (benefit)		20,233		11,727		29,371		(8,510)
EBITDA (non-GAAP)		131,059		39,307		228,625		(296,039)
CC&V transaction and integration costs		4,958		—		11,753		—
Effects of the Çöpler Incident (1)		65,224		—		66,788		402,443
Insurance proceeds received related to the Çöpler Incident (2)		(44,409)		—		(44,409)		—
Change in fair value of marketable securities		(2,065)		(3,602)		(3,721)		(6,419)
Adjusted EBITDA (non-GAAP)	$	154,767	$	35,705	$	259,036	$	99,985

(1)For the three months ended June 30, 2025, the effects of the Çöpler Incident represent (1) reclamation costs of $9.4 million and remediation costs of $53.5 million and (2) contingencies and expenses of $2.3 million.

For the six months ended June 30, 2025, the effects of the Çöpler Incident represent (1) reclamation costs of $9.4 million and remediation costs of $53.5 million and (2) contingencies and expenses of $3.9 million.

For the six months ended June 30, 2024, the effects of the Çöpler Incident represent (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 and expenses of $15.3 million.

(2)For the three and six months ended June 30, 2025, represents business interruption insurance proceeds received associated with the Çöpler Incident.

53

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 (used in) operating activities to free cash flow:

	Six Months Ended June 30,
(in thousands)	2025		2024
Cash provided by (used in) operating activities (GAAP)	$	242,646	$	(53,501)
Expenditures on mineral properties, plant and equipment		(104,962)		(72,211)
Free cash flow (non-GAAP)	$	137,684	$	(125,712)

Critical Accounting Estimates

This MD&A is based on the Company's unaudited Condensed Consolidated financial statements, which have been prepared in conformity with US GAAP. The preparation of these statements requires that the Company makes estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. The Company bases these estimates on historical experience and on assumptions that the Company considers reasonable under the circumstances; however, reported results could differ from those based on the current estimates under different assumptions or conditions. Refer to the Company’s Management’s Discussion and Analysis of Critical Accounting Estimates included in Part II of Form 10-K. There have been no changes to our critical accounting policies from those disclosed on our Form 10-K, except as noted below.

54

Business Combinations

The Company recognizes and measures the assets acquired and liabilities assumed in a business combination based on their estimated fair values at the acquisition date, while transaction and integration costs are expensed as incurred. Any excess of the purchase consideration when compared to the fair value of the net tangible and intangible assets acquired, if any, is recorded as goodwill. For material acquisitions, the Company engages third-party valuation specialists to assist with the determination of the fair value of assets acquired, liabilities assumed, non-controlling interest, if any, and goodwill, based on recognized business valuation methodologies. An income, market or cost valuation method may be utilized to estimate the fair value of the assets acquired, liabilities assumed, and non-controlling interest, if any, in a business combination. If the initial accounting for the business combination is incomplete by the end of the reporting period in which the acquisition occurs, an estimate will be recorded. Subsequent to the acquisition date, and not later than one year from the acquisition date, the Company will record any material adjustments to the initial estimate based on new information obtained that would have existed as of the date of the acquisition. Any adjustment that arises from information obtained that did not exist as of the date of the acquisition will be recorded in the period the adjustment arises.

If the business combination provides for contingent consideration, the Company records the contingent consideration at fair value at the acquisition date. Changes in fair value of contingent consideration resulting from events after the acquisition date are recognized as follows: (1) if the contingent consideration is classified as a liability, the changes in fair value and accretion costs are recognized in earnings, or (2) if the contingent consideration is classified as equity, the contingent consideration is not re-measured and its subsequent settlement is accounted for within equity. The increases or decreases in the fair value of contingent consideration can result from a change in the timing of the contingent event and changes in assumed discount periods and rates.

Insurance Recoveries

Business interruption insurance proceeds are specifically insurance proceeds to recover lost revenues due to a qualifying event as determined by the insurance policy. The Company records business interruption insurance proceeds once the insurance provider acknowledges that the claim is covered and agrees in writing to the amount to be paid for the claim. For the six months ended June 30, 2025, the Company recorded business interruption insurance proceeds to Other operating expense (income), net in the Condensed Consolidated Statements of Operations and are reflected as operating cash flows in the Condensed Consolidated Statements of Cash Flows.

New Accounting Pronouncements

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

55

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes in market risks during the three month period ended June 30, 2025.

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, 2024.

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(e) and 15d–15(e) 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 June 30, 2025.

Changes in Internal Control Over Financial Reporting

There were no changes in the Company’s internal control over financial reporting that occurred during the most recent quarter, that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

56

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 21 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. On August 2, 2024, the US Securities Actions were consolidated as Consolidated Civil Action No. 1:24-cv-00739-DDD-SBP (the “Consolidated US Securities Action”) and the court appointed lead counsel and a lead plaintiff for the putative class. On October 15, 2024, the lead plaintiff filed a consolidated amended complaint. Defendants filed a motion to dismiss the consolidated amended complaint on December 17, 2024, which is currently pending before the court.

Additionally, two putative securities class actions, Glenna Padley v. SSR Mining Inc., et. al. (the “Padley Action”) and Abdurrazag Mutat v. SSR Mining Inc., et al. (the “Mutat Action”), 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. (the “Liang Action”) and Michael Jones v. SSR Mining., et. al. (the “Jones Action”), were filed on April 5, 2024, and May 1, 2024, respectively, in the Ontario Superior Court of Justice (the “Ontario Actions” and 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. On August 9, 2024, carriage of the proposed Ontario Actions was granted to the Liang Action, and on April 11, 2025, carriage of the proposed BC Actions was granted to the Padley Action. The Jones Action and Mutat Action are stayed as of such decisions.

The Consolidated US Securities Action 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.

Certain of the Company’s subsidiaries are or may become subject to putative wage and hour class action litigation in Colorado and Nevada. These actions seek unspecified damages on behalf of the putative class members related to alleged violations of federal, state and municipal wage and hour laws. The Company is defending its subsidiaries against these claims.

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, 2024. 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

There were no unregistered sales of equity securities during the quarter ended June 30, 2025.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

57

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.

58

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, no directors or officers (as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934, as amended) adopted, modified or terminated a Rule 10b5-1 trading arrangement (as defined in Item 408 Regulation S-K).

59

ITEM 6. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

Exhibit Number
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.

60

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:    August 5, 2025	/s/ Michael J. Sparks
	Name:    Michael J. Sparks Title:    Executive Vice President and Chief Financial Officer (Principal Financial Officer)
Date:    August 5, 2025	/s/ Russell Farnsworth
	Name:    Russell Farnsworth Title:    Vice President, Controller (Principal Accounting Officer)

61

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: August 5, 2025

/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: August 5, 2025

/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 June 30, 2025 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: August 5, 2025

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 June 30, 2025, 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: August 5, 2025

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 June 30, 2025. The proposed assessments for the quarter ended June 30, 2025 were taken from the MSHA data retrieval system as of July 10, 2025.

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 June 30, 2025
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
Cripple Creek & Victor Mine (MSHA ID# 0503695)	0	0	0	0	0	$—	0

Patternor Potential Pattern of Violations. During the quarter ended June 30, 2025, 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 June 30, 2025, 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.

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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 One	Suite 1300
Entity Address, Address Line Two	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		202,780,234
Entity Central Index Key	0000921638
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

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Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Income Statement [Abstract]
Revenue		$ 405,455	$ 184,841	$ 722,073	$ 415,075
Operating costs and expenses:
Cost of sales	[1]	162,948	96,582	299,589	222,483
Depreciation, depletion, and amortization		26,237	23,011	56,850	61,409
General and administrative expense		26,634	13,452	50,529	26,313
Exploration and evaluation		6,803	11,255	13,668	21,486
Reclamation and remediation costs		69,850	2,414	74,170	277,732
Impairment charges of long-lived and other assets		0	0	0	114,230
Care and maintenance		37,727	30,556	73,522	44,965
Other operating expense (income), net		(33,629)	(3,149)	(22,031)	12,161
Operating income (loss)		108,885	10,720	175,776	(365,704)
Other income (expense):
Interest expense		(4,227)	(2,105)	(7,596)	(6,760)
Other income (expense)		6,207	4,968	12,530	8,735
Foreign exchange gain (loss)		(10,193)	876	(16,245)	(37)
Total other income (expense)		(8,213)	3,739	(11,311)	1,938
Income (loss) before income and mining taxes		100,672	14,459	164,465	(363,766)
Income and mining tax benefit (expense)		(20,233)	(11,727)	(29,371)	8,510
Equity income (loss) of affiliates		(77)	(268)	(286)	(442)
Net income (loss)		80,362	2,464	134,808	(355,698)
Net loss (income) attributable to non-controlling interest		9,713	7,229	14,048	78,309
Net income (loss) attributable to SSR Mining shareholders		$ 90,075	$ 9,693	$ 148,856	$ (277,389)
Weighted average common shares
Basic (in shares)		202,774	202,133	202,598	202,244
Diluted (in shares)		216,989	202,407	216,691	202,244
Net income (loss) per share attributable to SSR Mining shareholders
Basic (in dollars per share)		$ 0.44	$ 0.05	$ 0.73	$ (1.37)
Diluted (in dollars per share)		$ 0.42	$ 0.05	$ 0.70	$ (1.37)

[1] Excludes depreciation, depletion, and amortization.

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Operating activities
Net income (loss)	$ 134,808	$ (355,698)
Adjustments for:
Depreciation, depletion, and amortization	56,850	61,409
Reclamation and remediation costs	74,170	277,732
Payments for reclamation and remediation liabilities	(12,684)	(77,873)
Deferred income taxes	(19,902)	(26,511)
Stock-based compensation	17,062	(2,974)
Change in fair value of marketable securities	(3,721)	(6,419)
Loss (gain) on sale and disposal of assets, net	755	(5,599)
Impairment charges of long-lived and other assets	0	114,230
Loss (gain) on foreign exchange	15,290	6,499
Non-cash care and maintenance	30,930	20,003
Other operating activities	7,412	4,163
Net change in operating assets and liabilities	(58,324)	(62,463)
Net cash provided by (used in) operating activities	242,646	(53,501)
Investing activities
Additions to mineral properties, plant and equipment	(104,962)	(72,211)
Acquisitions, net	(108,736)	0
Purchases of marketable securities	(51,681)	(9,626)
Net proceeds from sale of marketable securities	41,971	8,747
Proceeds from sale of mineral properties, plant and equipment	0	4,853
Other investing activities	655	(225)
Net cash used in investing activities	(222,753)	(68,462)
Financing activities
Repayment of debt, principal	0	(920)
Proceeds from the issuance of debt, related party	12,900	3,415
Repurchase of common shares	0	(9,825)
Principal payments on finance leases	(2,369)	(2,002)
Net cash provided by (used in) financing activities	10,531	(9,332)
Effect of foreign exchange rate changes on cash and cash equivalents	(6,202)	(2,791)
Net increase (decrease) in cash, cash equivalents, and restricted cash	24,222	(134,086)
Cash, cash equivalents, and restricted cash beginning of period	387,882	492,494
Cash, cash equivalents, and restricted cash end of period	$ 412,104	$ 358,408

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Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2025	Jun. 30, 2024
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$ 412,104	$ 358,307
Restricted cash	0	101
Total cash, cash equivalents, and restricted cash	$ 412,104	$ 358,408

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Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents		$ 412,104	$ 387,882
Marketable securities		26,389	29,465
Trade and other receivables		117,054	124,438
Inventories		568,743	464,074
Prepaids and other current assets		23,100	23,175
Total current assets		1,147,390	1,029,034
Mineral properties, plant and equipment, net		4,100,112	3,782,867
Inventories		459,949	291,212
Deferred income tax assets		5,578	7,602
Other non-current assets		82,848	78,305
Total assets	[1]	5,795,877	5,189,020
LIABILITIES
Accounts payable		37,249	30,538
Accrued liabilities and other		166,254	139,381
Reclamation and remediation liabilities		32,336	33,166
Finance lease liabilities		4,901	4,792
Total current liabilities		480,832	218,877
Finance lease liabilities		78,887	81,373
Reclamation and remediation liabilities		595,908	312,671
Deferred income tax liabilities		325,051	327,277
Contingent consideration liabilities		169,626	29,642
Other non-current liabilities		29,273	25,958
Total liabilities	[1]	1,710,266	1,242,159
EQUITY
Common shares – unlimited authorized common shares with no par value; 202,780 and 202,369 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively		2,997,620	2,993,678
Retained earnings		262,221	113,365
SSR Mining’s shareholders’ equity		3,259,841	3,107,043
Non-controlling interest		825,770	839,818
Total equity		4,085,611	3,946,861
Total liabilities and equity		5,795,877	5,189,020
Nonrelated Party
LIABILITIES
Current portion of debt		229,092	0
Debt		0	228,572
Related Party
LIABILITIES
Current portion of debt		11,000	11,000
Debt		$ 30,689	$ 17,789

[1] The consolidated assets as of June 30, 2025 and December 31, 2024 include $3,426.6 million and $3,426.1 million, respectively, of assets of variable interest entities (“VIEs”) that can only be used to settle the obligations of the VIEs. As of June 30, 2025 and December 31, 2024, the assets include Cash and cash equivalents of $17.0 million and $17.5 million, respectively; Trade and other receivables of $3.7 million and $2.6 million, respectively; Inventories, current of $58.5 million and $59.2 million, respectively; Prepaids and other current assets of $11.4 million and $3.7 million, respectively; Mineral properties, plant and equipment, net of $3,087.4 million and $3,089.5 million, respectively; Inventories, non-current of $245.3 million and $246.5 million, respectively; and Other non-current assets of $3.3 million and $7.2 million, respectively. The consolidated liabilities as of June 30, 2025 and December 31, 2024 include $563.2 million and $538.4 million, respectively, of liabilities of VIEs whose creditors have no recourse to the Company. As of June 30, 2025 and December 31, 2024, the liabilities include Accounts payable of $8.4 million and $8.5 million, respectively; Accrued liabilities and other of $26.2 million and $23.5 million, respectively; Reclamation and remediation liabilities, current of $21.2 million and $33.1 million, respectively; Finance lease liabilities, non-current of $78.9 million and $81.4 million, respectively; Reclamation and remediation liabilities, non-current of $219.9 million and $155.0 million, respectively; Deferred income tax liabilities of $175.2 million and $197.7 million, respectively; and Other non-current liabilities of $33.4 million and $39.4 million, respectively.

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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands		Jun. 30, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Common shares, issued (in shares)		202,780	202,369
Common shares, outstanding (in shares)		202,780	202,369
Assets	[1]	$ 5,795,877	$ 5,189,020
Cash and cash equivalents		412,104	387,882
Trade and other receivables		117,054	124,438
Inventories, current		568,743	464,074
Prepaids and other current assets		23,100	23,175
Mineral properties, plant and equipment, net		4,100,112	3,782,867
Inventories, noncurrent		459,949	291,212
Other non-current assets		82,848	78,305
Liabilities	[1]	1,710,266	1,242,159
Accounts payable		37,249	30,538
Accrued liabilities and other		166,254	139,381
Reclamation and remediation liabilities, current		32,336	33,166
Finance lease liabilities, non-current		78,887	81,373
Reclamation and remediation liabilities, non-current		595,908	312,671
Deferred income tax liabilities		325,051	327,277
Other non-current liabilities		29,273	25,958
Variable Interest Entity, Primary Beneficiary
Assets		3,426,600	3,426,100
Cash and cash equivalents		17,000	17,500
Trade and other receivables		3,700	2,600
Inventories, current		58,500	59,200
Prepaids and other current assets		11,400	3,700
Mineral properties, plant and equipment, net		3,087,400	3,089,500
Inventories, noncurrent		245,300	246,500
Other non-current assets		3,300	7,200
Liabilities		563,200	538,400
Accounts payable		8,400	8,500
Accrued liabilities and other		26,200	23,500
Reclamation and remediation liabilities, current		21,200	33,100
Finance lease liabilities, non-current		78,900	81,400
Reclamation and remediation liabilities, non-current		219,900	155,000
Deferred income tax liabilities		175,200	197,700
Other non-current liabilities		$ 33,400	$ 39,400

[1] The consolidated assets as of June 30, 2025 and December 31, 2024 include $3,426.6 million and $3,426.1 million, respectively, of assets of variable interest entities (“VIEs”) that can only be used to settle the obligations of the VIEs. As of June 30, 2025 and December 31, 2024, the assets include Cash and cash equivalents of $17.0 million and $17.5 million, respectively; Trade and other receivables of $3.7 million and $2.6 million, respectively; Inventories, current of $58.5 million and $59.2 million, respectively; Prepaids and other current assets of $11.4 million and $3.7 million, respectively; Mineral properties, plant and equipment, net of $3,087.4 million and $3,089.5 million, respectively; Inventories, non-current of $245.3 million and $246.5 million, respectively; and Other non-current assets of $3.3 million and $7.2 million, respectively. The consolidated liabilities as of June 30, 2025 and December 31, 2024 include $563.2 million and $538.4 million, respectively, of liabilities of VIEs whose creditors have no recourse to the Company. As of June 30, 2025 and December 31, 2024, the liabilities include Accounts payable of $8.4 million and $8.5 million, respectively; Accrued liabilities and other of $26.2 million and $23.5 million, respectively; Reclamation and remediation liabilities, current of $21.2 million and $33.1 million, respectively; Finance lease liabilities, non-current of $78.9 million and $81.4 million, respectively; Reclamation and remediation liabilities, non-current of $219.9 million and $155.0 million, respectively; Deferred income tax liabilities of $175.2 million and $197.7 million, respectively; and Other non-current liabilities of $33.4 million and $39.4 million, respectively.

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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	Non-controlling interest
Beginning balance (in shares) at Dec. 31, 2023			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
Ending balance at Mar. 31, 2024	3,938,828	3,078,785	$ 2,991,225	87,560	860,043
Beginning balance (in shares) at Dec. 31, 2023			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]
Net income (loss)	(355,698)
Ending balance (in shares) at Jun. 30, 2024			202,096
Ending balance at Jun. 30, 2024	3,941,142	3,088,328	$ 2,991,075	97,253	852,814
Beginning balance (in shares) at Mar. 31, 2024			202,090
Beginning balance at Mar. 31, 2024	3,938,828	3,078,785	$ 2,991,225	87,560	860,043
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Settlement of restricted share units (RSUs) (in shares)			6
Equity-settled stock-based compensation	(150)	(150)	$ (150)
Net income (loss)	2,464	9,693		9,693	(7,229)
Ending balance (in shares) at Jun. 30, 2024			202,096
Ending balance at Jun. 30, 2024	$ 3,941,142	3,088,328	$ 2,991,075	97,253	852,814
Beginning balance (in shares) at Dec. 31, 2024	202,369		202,369
Beginning balance at Dec. 31, 2024	$ 3,946,861	3,107,043	$ 2,993,678	113,365	839,818
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Settlement of restricted share units (RSUs) (in shares)			169
Equity-settled stock-based compensation	2,301	2,301	$ 2,301
Net income (loss)	54,446	58,781		58,781	(4,335)
Ending balance (in shares) at Mar. 31, 2025			202,538
Ending balance at Mar. 31, 2025	$ 4,003,608	3,168,125	$ 2,995,979	172,146	835,483
Beginning balance (in shares) at Dec. 31, 2024	202,369		202,369
Beginning balance at Dec. 31, 2024	$ 3,946,861	3,107,043	$ 2,993,678	113,365	839,818
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 134,808
Ending balance (in shares) at Jun. 30, 2025	202,780		202,780
Ending balance at Jun. 30, 2025	$ 4,085,611	3,259,841	$ 2,997,620	262,221	825,770
Beginning balance (in shares) at Mar. 31, 2025			202,538
Beginning balance at Mar. 31, 2025	4,003,608	3,168,125	$ 2,995,979	172,146	835,483
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Settlement of restricted share units (RSUs) (in shares)			242
Equity-settled stock-based compensation	1,641	1,641	$ 1,641
Net income (loss)	$ 80,362	90,075		90,075	(9,713)
Ending balance (in shares) at Jun. 30, 2025	202,780		202,780
Ending balance at Jun. 30, 2025	$ 4,085,611	$ 3,259,841	$ 2,997,620	$ 262,221	$ 825,770

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THE COMPANY

6 Months Ended

Jun. 30, 2025

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 five operations 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, Cripple Creek & Victor Gold Mine (“CC&V”) in Colorado, 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”. SSR Mining voluntarily delisted from the Australian Securities Exchange (“ASX”) in Australia under the symbol “SSR”, effective April 8, 2025.

During the second quarter of 2025, the Company temporarily suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. The Company resumed operations on June 13, 2025 with no damage to the Company’s property.

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”). The Company is not, at this time, able to estimate or predict when and under what conditions it will resume operations at Çöpler. Refer to Note 3 to the audited consolidated financial statements in the Company’s 2024 Annual Report on Form 10-K for further information on the Çöpler Incident.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2025

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.

Business Combinations

The Company recognizes and measures the assets acquired and liabilities assumed in a business combination based on their estimated fair values at the acquisition date, while transaction and integration costs are expensed as incurred. Any excess of the purchase consideration when compared to the fair value of the net tangible and intangible assets acquired, if any, is recorded as goodwill. For material acquisitions, the Company engages third-party valuation specialists to assist with the determination of the fair value of assets acquired, liabilities assumed, non-controlling interest, if any, and goodwill, based on recognized business valuation methodologies. An income, market or cost valuation method may be utilized to estimate the fair value of the assets acquired, liabilities assumed, and non-controlling interest, if any, in a business combination. If the initial accounting for the business combination is incomplete by the end of the reporting period in which the acquisition occurs, an estimate will be recorded. Subsequent to the acquisition date, and not later than one year from the acquisition date, the Company will record any material adjustments to the initial estimate based on new information obtained that would have existed as of the date of the acquisition. Any adjustment that arises from information obtained that did not exist as of the date of the acquisition will be recorded in the period the adjustment arises.

If the business combination provides for contingent consideration, the Company records the contingent consideration at fair value at the acquisition date. Changes in fair value of contingent consideration resulting from events after the acquisition date are recognized as follows: (1) if the contingent consideration is classified as a liability, the changes in fair value and accretion costs are recognized in earnings, or (2) if the contingent consideration is classified as equity, the contingent consideration is not re-measured and its subsequent settlement is accounted for within equity. The increases or decreases in the fair value of contingent consideration can result from a change in the timing of the contingent event and changes in assumed discount periods and rates.

Insurance Recoveries

Business interruption insurance proceeds are specifically insurance proceeds to recover lost revenues due to a qualifying event as determined by the insurance policy. The Company records business interruption insurance proceeds once the insurance provider acknowledges that the claim is covered and agrees in writing to the amount to be paid for the claim. For the six months ended June 30, 2025, the Company recorded business interruption insurance proceeds to Other operating expense (income), net in the Condensed Consolidated Statements of Operations and are reflected as operating cash flows in the Condensed Consolidated Statements of Cash Flows.

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 (“GAAP”) 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, 2024 filed on February 18, 2025. 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 and six month periods ended June 30, 2025, are not necessarily indicative of the results that may be expected for the year ending December 31, 2025.

Recently Issued Accounting Pronouncements

In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03 “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) (“ASU 2024-03”).” ASU 2024-03 provides guidance requiring that public business entities to disclose additional information about specific expense categories in the notes to financial statements. The new standard is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027 with early adoption permitted. The ASU 2024-03 should be applied either (1)

prospectively to financial statements issued for reporting periods after the effective date, or (2) retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating the impact of the new standard on the consolidated financial statements.

In December 2023, the FASB issued 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 of the standard on the consolidated financial statements.

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ACQUISITIONS AND DIVESTITURES

6 Months Ended

Jun. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES

Acquisitions

Acquisition of Cripple Creek and Victor Gold Mine

On February 28, 2025 (“Acquisition Date”), the Company acquired all of the issued and outstanding common shares of CC&V from Newmont Corporation (“Newmont”) in an all-cash deal for $100.0 million in upfront consideration and up to $175.0 million in additional milestone-based payments. The transaction is expected to increase the Company’s scale, free cash flow and portfolio diversification.

The milestone-based payments include $87.5 million payable upon final approval of the application to amend the CC&V Cresson Permit and $87.5 million payable upon obtaining regulatory relief related to flow-related permitting requirements for the Carlton Tunnel, including steps taken to achieve the highest feasible alternative in relation to Carlton Tunnel water flow. Refer to Note 21 for more information.

Upon completion of an updated regulator-approved closure plan and in the event the aggregate closure costs at CC&V exceed $500.0 million, the Company will be responsible for funding 10% of the incremental closure costs while Newmont will be responsible for funding 90% of the incremental closure costs, either on an as-incurred basis or pursuant to a lump-sum payment option. The Company will account for this as an indemnification asset under the FASB Accounting Standards Codification Topic 805, Business Combinations, and will recognize an asset for 90% of the aggregated closure costs at CC&V in excess of $500.0 million that Newmont will be responsible for funding, with no limit on the maximum cost. At the Acquisition Date, the Company did not recognize an indemnification asset as the recognition criteria had not been met.

The acquisition of CC&V is accounted for as a business combination which requires the measurement of assets acquired and liabilities assumed at their respective fair values at the Acquisition Date. The Acquisition Date fair value of the consideration transferred consists of the following (in thousands):

Cash consideration (1)	$	108,736
Contingent consideration (2)		135,462
Total Purchase Price	$	244,198

(1)Cash consideration is comprised of $100.0 million in upfront cash and an $8.7 million working capital adjustment. The working capital adjustment is preliminary as of June 30, 2025 and subject to finalization in accordance with the share purchase agreement.

(2)The fair value of the contingent consideration is based on a probability weighted discounted cash flow model. The contingent consideration is considered a Level 3 fair value measurement due to certain assumptions that are not based on observable market data (refer to Note 11 for more information). The significant assumptions include probability and timing of milestones and discount rates. The range of the undiscounted amounts the Company could be obligated to pay is between $87.5 million and $175.0 million.

The Company retained a third party valuation specialist to assist in determining the fair value of assets acquired and liabilities assumed. In accordance with the acquisition method of accounting, the purchase price of CC&V has been allocated to the acquired assets and assumed liabilities based on their estimated acquisition date fair values. The fair value estimates were based on income, market and cost valuation methods.

As of June 30, 2025, the Company had not fully completed the analysis to assign fair values to all assets acquired and liabilities assumed, and therefore the purchase price allocation for CC&V is preliminary. As of June 30, 2025, remaining items to finalize include the fair value of inventories; mineral properties, plant and equipment; reclamation and remediation liabilities; deferred income tax assets and liabilities; working capital accounts, and contingent consideration. The preliminary purchase price allocation will be subject to further refinement as the Company continues to refine its estimates and assumptions based on information available at the Acquisition Date. These refinements may result in material changes to the estimated fair value of assets acquired and liabilities assumed. The purchase price allocation adjustments can be made throughout the measurement period, which is not to exceed one year from the Acquisition Date.

The following table presents the preliminary fair values of the assets acquired and liabilities assumed at the Acquisition Date (in thousands):

Assets:
Trade and other receivables	$	391
Inventories (1)		195,993
Prepaids and other current assets		919
Mineral properties, plant and equipment (2)		315,918
Total assets	$	513,221
Liabilities:
Accounts payable	$	13,236
Accrued and other liabilities		15,113
Reclamation liabilities (3)		220,974
Deferred tax liabilities (4)		19,700
Total liabilities		269,023
Total net assets	$	244,198

(1)The fair values of inventories were determined based on a net realizable value (“NRV”) approach, whereby the future estimated cash flows from sales of payable metal produced are adjusted for costs to complete. During the three months ended June 30, 2025, measurement period adjustments of $1.6 million were recorded to reflect changes in the estimated fair value.

(2)The fair value of mineral properties have been estimated using a market approach based on estimated quantities of mineral reserves and mineral resources and in-situ multiples. The fair values of plant and equipment have been estimated using a depreciated replacement cost approach. During the three months ended June 30, 2025, measurement period adjustments of $1.6 million were recorded to reflect changes in the estimated fair value.

(3)The fair value of reclamation costs is based on the expected amounts and timing of cash flows of closure activities and discounted to present value using a credit-adjusted risk-free rate as of the Acquisition Date. Key assumptions include the costs and timing of key closure activities based on the life of mine plans, including estimates and timing of monitoring and water management costs after completion of initial closure activities.

(4)Deferred income tax liabilities represent future tax expense associated with the differences between the preliminary fair value allocated to assets and liabilities and the tax basis of those assets and liabilities.

Revenue for the three and six months ended June 30, 2025 includes $150.0 million and $184.8 million, respectively, of revenue from the assets acquired in the acquisition of CC&V. Net income attributable to SSR Mining shareholders for the three and six months ended June 30, 2025 includes net income of $81.8 million and $91.8 million, respectively, from CC&V.

Pro forma financial information

The following unaudited pro forma financial information represents a summary of the historical consolidated results of operations for the three and six months ended June 30, 2025 and 2024, giving effect to the acquisition as if it had been completed on January 1, 2024. The pro forma financial information is provided for illustrative purposes only and is not intended to represent what the Company’s financial position or results of operations would have been had the acquisition occurred on the assumed date, nor does it purport to project the future operating results or the financial position of the Company following the acquisition.

The information below reflects certain nonrecurring and recurring pro forma adjustments that were directly related to the acquisition based on available information and certain assumptions that the Company believes are reasonable, including: (i) the changes in depreciation, depletion and amortization reflecting the relative preliminary fair values attributable to mineral properties, plant and equipment, (ii) the changes in cost of sales reflecting the relative preliminary fair values attributable to inventories, (iii) the changes in reclamation and remediation costs reflective of the fair market value of reclamation and remediation liabilities, (iv) the changes in other operating expense (income), net reflective of the preliminary fair values attributable to contingent consideration liabilities, and (v) the estimated tax impacts of the pro forma adjustments.

The following table provides unaudited pro forma financial information for the three and six months ended June 30, 2025 and 2024, as if CC&V had been acquired as of January 1, 2024 (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2024		2025		2024
Revenue	$	263,807	$	810,231	$	$	553,695
Net income attributable to SSR Mining shareholders (1)	$	40,527	$	184,213	$	$	(227,197)

(1)For the three and six months ended June 30, 2025, net income (loss) includes $5.0 million and $11.8 million, respectively, of transaction and integration costs.

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OPERATING SEGMENTS

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

OPERATING SEGMENTS

OPERATING SEGMENTS

The Company identifies its segments according to how the chief operating decision maker ("CODM") evaluates financial performance and allocates resources. The Company's CODM is the chief executive officer. The CODM assesses the segments' performance by using each segments' operating income and primarily relies on operating income for each segment during the annual budgeting and forecasting process. On a quarterly basis, the CODM reviews budget-to-actual variances for profit metrics to inform decisions on the allocation of operating and capital resources across segments.

Following the close of the CC&V acquisition, the Company revised its operating segments to reflect certain changes in how the CODM evaluates financial performance and allocates resources. The Company determined that it has five reportable and operating segments represented by each of its producing mine sites, which includes the suspended operations at Çöpler and now includes CC&V. For the periods prior to the first quarter of 2025, the Company had four reportable segments.

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

	Three Months Ended June 30, 2025
	Çöpler (1)		Marigold		CC&V		Seabee (2)		Puna		Segment Total			Corporate and other (3)	Consolidated
Revenue	$	—	$	118,786	$	149,965	$	34,540	$	102,164	$	405,455	$	—	$	405,455
Cost of sales (4)	$	—	$	56,376	$	50,003	$	18,473	$	38,096	$	162,948	$	—	$	162,948
Depreciation, depletion, and amortization	$	—	$	8,228	$	2,784	$	6,921	$	8,191	$	26,124	$	113	$	26,237
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	—	$	26,634	$	26,634
Exploration and evaluation	$	347	$	1,824	$	(195)	$	2,743	$	805	$	5,524	$	1,279	$	6,803
Reclamation and remediation costs	$	63,541	$	806	$	3,887	$	336	$	1,280	$	69,850	$	—	$	69,850
Care and maintenance (5)	$	36,714	$	—	$	—	$	1,013	$	—	$	37,727	$	—	$	37,727
Other operating expense (income), net	$	(41,843)	$	313	$	630	$	98	$	203	$	(40,599)	$	6,970	$	(33,629)
Operating income (loss)	$	(58,759)	$	51,239	$	92,856	$	4,956	$	53,589	$	143,881	$	(34,996)	$	108,885
Interest expense	$	(1,642)	$	—	$	—	$	—	$	(877)	$	(2,519)	$	(1,708)	$	(4,227)
Interest income	$	—	$	756	$	—	$	303	$	907	$	1,966	$	1,057	$	3,023
Other income (expense)	$	202	$	(246)	$	—	$	(7)	$	3,954	$	3,903	$	(719)	$	3,184
Foreign exchange gain (loss)	$	402	$	—	$	—	$	854	$	(6,235)	$	(4,979)	$	(5,214)	$	(10,193)
Income (loss) before income and mining taxes	$	(59,797)	$	51,749	$	92,856	$	6,106	$	51,338	$	142,252	$	(41,580)	$	100,672
Capital expenditures	$	247	$	18,841	$	14,427	$	8,762	$	4,023	$	46,300	$	16,170	$	62,470
Total assets as of June 30, 2025	$	2,642,739	$	818,746	$	534,551	$	355,909	$	363,386	$	4,715,331	$	1,080,546	$	5,795,877

(1)All operations at Çöpler ceased on February 13, 2024, following the Çöpler Incident and have not commenced as of June 30, 2025.

(2)During the second quarter of 2025, the Company suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. Seabee resumed operations on June 13, 2025.

(3)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties and the portfolio of prospective exploration tenures, near or adjacent to the existing operations are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.

(4)Excludes depreciation, depletion, and amortization.

(5)Care and maintenance expense represents the direct costs not associated with the environmental reclamation and remediation costs of $21.8 million and depreciation of $14.9 million during the suspension of operations at Çöpler beginning in the first quarter of 2024; and direct costs of $0.2 million and depreciation of $0.8 million during the temporary suspension of operations at Seabee during the three months ended June 30, 2025.

	Three Months Ended June 30, 2024
	Çöpler		Marigold		Seabee		Puna		Segment Total		Corporate and other (1)		Consolidated
Revenue	$	—	$	60,873	$	35,386	$	88,582	$	184,841	$	—	$	184,841
Cost of sales (2)	$	—	$	39,237	$	17,275	$	40,070	$	96,582	$	—	$	96,582
Depreciation, depletion, and amortization	$	—	$	5,745	$	9,477	$	7,789	$	23,011	$	—	$	23,011
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	13,452	$	13,452
Exploration and evaluation	$	298	$	3,971	$	5,190	$	665	$	10,124	$	1,131	$	11,255
Reclamation and remediation costs	$	493	$	724	$	334	$	863	$	2,414	$	—	$	2,414
Care and maintenance (3)	$	30,556	$	—	$	—	$	—	$	30,556	$	—	$	30,556
Other operating expense (income), net	$	2,375	$	451	$	6	$	705	$	3,537	$	(6,686)	$	(3,149)
Operating income (loss)	$	(33,722)	$	10,745	$	3,104	$	38,490	$	18,617	$	(7,897)	$	10,720
Interest expense	$	(831)	$	—	$	—	$	—	$	(831)	$	(1,274)	$	(2,105)
Interest income	$	(1,005)	$	1,717	$	1,397	$	101	$	2,210	$	1,295	$	3,505
Other income (expense)	$	(808)	$	(19)	$	9	$	2,326	$	1,508	$	(45)	$	1,463
Foreign exchange gain (loss)	$	1,290	$	(8)	$	182	$	1,383	$	2,847	$	(1,971)	$	876
Income (loss) before income and mining taxes	$	(35,076)	$	12,435	$	4,692	$	42,300	$	24,351	$	(9,892)	$	14,459
Capital expenditures	$	3,586	$	13,096	$	7,119	$	3,550	$	27,351	$	8,982	$	36,333
Total assets as of June 30, 2024	$	2,736,138	$	801,572	$	411,838	$	283,905	$	4,233,453	$	942,101	$	5,175,554

(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 $17.3 million and depreciation of $13.3 million during the suspension of operations at Çöpler beginning in the first quarter of 2024.

	Six Months Ended June 30, 2025
	Çöpler (1)		Marigold		CC&V (2)		Seabee (3)		Puna		Segment Total			Corporate and other (4)	Consolidated
Revenue	$	—	$	235,966	$	184,837	$	110,842	$	190,428	$	722,073	$	—	$	722,073
Cost of sales (5)	$	—	$	115,102	$	67,968	$	41,604	$	74,915	$	299,589	$	—	$	299,589
Depreciation, depletion, and amortization	$	—	$	16,941	$	3,288	$	20,425	$	15,972	$	56,626	$	224	$	56,850
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	—	$	50,529	$	50,529
Exploration and evaluation	$	769	$	2,515	$	—	$	6,883	$	1,177	$	11,344	$	2,324	$	13,668
Reclamation and remediation costs	$	64,156	$	1,610	$	5,171	$	672	$	2,561	$	74,170	$	—	$	74,170
Care and maintenance (6)	$	72,509	$	—	$	—	$	1,013	$	—	$	73,522	$	—	$	73,522
Other operating expense (income), net	$	(39,265)	$	656	$	634	$	98	$	439	$	(37,438)	$	15,407	$	(22,031)
Operating income (loss)	$	(98,169)	$	99,142	$	107,776	$	40,147	$	95,364	$	244,260	$	(68,484)	$	175,776
Interest expense	$	(3,219)	$	—	$	—	$	—	$	(982)	$	(4,201)	$	(3,395)	$	(7,596)
Interest income	$	—	$	2,356	$	—	$	731	$	1,253	$	4,340	$	1,680	$	6,020
Other income (expense)	$	246	$	(459)	$	—	$	(15)	$	7,778	$	7,550	$	(1,040)	$	6,510
Foreign exchange gain (loss)	$	302	$	—	$	—	$	746	$	(9,920)	$	(8,872)	$	(7,373)	$	(16,245)
Income (loss) before income and mining taxes	$	(100,840)	$	101,039	$	107,776	$	41,609	$	93,493	$	243,077	$	(78,612)	$	164,465
Capital expenditures	$	738	$	34,091	$	15,820	$	20,564	$	5,977	$	77,190	$	29,091	$	106,281
Total assets as of June 30, 2025	$	2,642,739	$	818,746	$	534,551	$	355,909	$	363,386	$	4,715,331	$	1,080,546	$	5,795,877

(1)All operations at Çöpler ceased on February 13, 2024, following the Çöpler Incident and have not commenced as of June 30, 2025.

(2)The reported statements of operations amounts reflect results for CC&V from the date of acquisition on February 28, 2025 through June 30, 2025. See Note 3 for additional information.

(3)During the second quarter of 2025, the Company suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. Seabee resumed operations on June 13, 2025.

(4)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties and the portfolio of prospective exploration tenures, near or adjacent to the existing operations are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.

(5)Excludes depreciation, depletion, and amortization.

(6)Care and maintenance expense represents the direct costs not associated with the environmental reclamation and remediation costs of $42.4 million and depreciation of $30.1 million during the suspension of operations at Çöpler beginning in the first quarter of 2024; and direct costs of $0.2 million and depreciation of $0.8 million during the temporary suspension of operations at Seabee during the three months ended June 30, 2025.

	Six Months Ended June 30, 2024
	Çöpler		Marigold		Seabee		Puna		Segment Total		Corporate and other (1)		Consolidated
Revenue	$	48,571	$	137,560	$	94,513	$	134,431	$	415,075	$	—	$	415,075
Cost of sales (2)	$	24,423	$	88,308	$	41,708	$	68,044	$	222,483	$	—	$	222,483
Depreciation, depletion, and amortization	$	9,831	$	13,184	$	24,690	$	13,704	$	61,409	$	—	$	61,409
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	26,313	$	26,313
Exploration and evaluation	$	1,072	$	8,065	$	8,736	$	1,000	$	18,873	$	2,613	$	21,486
Reclamation and remediation costs	$	273,890	$	1,448	$	668	$	1,726	$	277,732	$	—	$	277,732
Impairment charges of long-lived and other assets	$	114,230	$	—	$	—	$	—	$	114,230	$	—	$	114,230
Care and maintenance (3)	$	44,965	$	—	$	—	$	—	$	44,965	$	—	$	44,965
Other operating expense (income), net	$	17,684	$	458	$	6	$	704	$	18,852	$	(6,691)	$	12,161
Operating income (loss)	$	(437,524)	$	26,096	$	18,706	$	49,253	$	(343,469)	$	(22,235)	$	(365,704)
Interest expense	$	(3,361)	$	—	$	—	$	—	$	(3,361)	$	(3,399)	$	(6,760)
Interest income	$	15	$	3,611	$	3,058	$	570	$	7,254	$	2,547	$	9,801
Other income (expense)	$	(205)	$	(499)	$	1	$	(522)	$	(1,225)	$	159	$	(1,066)
Foreign exchange gain (loss)	$	(1,083)	$	(8)	$	180	$	4,141	$	3,230	$	(3,267)	$	(37)
Income (loss) before income and mining taxes	$	(442,158)	$	29,200	$	21,945	$	53,442	$	(337,571)	$	(26,195)	$	(363,766)
Capital expenditures	$	10,127	$	15,527	$	22,892	$	6,909	$	55,455	$	17,114	$	72,569
Total assets as of June 30, 2024	$	2,736,138	$	801,572	$	411,838	$	283,905	$	4,233,453	$	942,101	$	5,175,554

(1)Corporate and other consists of business activities that are not included within the reportable segments and 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 $25.0 million and depreciation of $20.0 million during the suspension of operations at Çöpler beginning in the first quarter of 2024.

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REVENUE

6 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUE

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Gold doré sales
Çöpler	$	—	$	—	$	—	$	48,226
Marigold		118,753		60,835		235,895		137,498
CC&V		149,464		—		184,123		—
Seabee		34,525		35,372		110,802		94,474
Concentrate sales
Puna		100,151		82,846		186,844		131,218
Other (1)
Çöpler		—		—		—		345
Marigold		33		38		71		62
CC&V		501		—		714		—
Seabee		15		14		40		39
Puna		2,013		5,736		3,584		3,213
Total	$	405,455	$	184,841	$	722,073	$	415,075

(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 are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Gold	$	302,742	$	96,207	$	530,820	$	280,198
Silver		87,210		69,276		162,485		108,610
Lead		11,430		11,907		22,481		20,369
Zinc		1,511		1,663		1,878		2,239
Other (1)		2,562		5,788		4,409		3,659
Total	$	405,455	$	184,841	$	722,073	$	415,075

(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

At June 30, 2025, the Company had silver sales of 5.1 million ounces at an average price of $33.97 per ounce, lead sales of 24.8 million pounds at an average price of $0.89 per pound, and zinc sales of 1.6 million pounds at an average price of $1.22 per pound, subject to normal course final pricing over the next several months.

For the three months ended June 30, 2025 and 2024, the change in the fair value of the Company's embedded derivatives relating to provisional concentrate metal sales was an increase of $2.0 million and $5.7 million, respectively. For the six months ended June 30, 2025 and 2024, the change in the fair value of the Company's embedded derivatives relating to provisional concentrate metal sales was an increase of $3.6 million and $3.2 million, respectively. The changes in fair value have been recorded in Revenue.

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RECLAMATION AND REMEDIATION LIABILITIES

6 Months Ended

Jun. 30, 2025

Asset Retirement Obligation Disclosure [Abstract]

RECLAMATION AND REMEDIATION LIABILITIES

RECLAMATION AND REMEDIATION LIABILITIES 

The Company is subject to various domestic and international laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. Estimated future reclamation costs are based principally on current legal and regulatory requirements.

Çöpler Reclamation and Remediation

During the first quarter of 2024, the Company estimated total reclamation and remediation costs of $250.0 million to $300.0 million related to the Çöpler Incident, in addition to the approximately $22.5 million incurred during the first quarter of 2024. The Company accrued the low end of the estimated cost range, recording total reclamation and remediation costs of $272.9 million inclusive of the $22.5 million incurred during the first quarter of 2024. During the second quarter of 2025, the Company recorded an adjustment of $62.9 million, comprising of $9.4 million related to reclamation costs and $53.5 million related to remediation costs. The revised estimate reflects an increase of $12.9 million above the previously disclosed estimated reclamation and remediation cost range. The revision in estimate reflects the Company's advancement of the engineering and construction design of the permanent storage facility and the advancement of the studies for the permanent closure of the heap leach pad. As part of the heap leach pad closure planning, the Company will conduct further field investigations to confirm the integrity of the heap leach pad liner. This will entail exposing and inspecting sections of the heap leach pad liner. Following completion of the liner inspection, the Company will use the findings to refine and update the closure plan for the heap leach pad. These studies and inspections may result in revisions to the scope of work, estimated costs, and overall timelines related to the heap leach pad closure.

Changes in Reclamation and remediation liabilities during the six months ended June 30, 2025 and 2024, were as follows (in thousands): 

	Six Months Ended June 30, 2025						Six Months Ended June 30, 2024
	Reclamation		Remediation		Total		Reclamation		Remediation		Total
Balance as of January 1	$	209,923	$	135,914	$	345,837	$	173,819	$	—	$	173,819
Additions (1)		220,974		—		220,974		—		261,674		261,674
Changes in estimate and other (2)		9,420		53,507		62,927		11,054		—		11,054
Expenditures		(2,506)		(10,178)		(12,684)		(663)		(77,210)		(77,873)
Accretion expense		11,190		—		11,190		4,829		—		4,829
Balance as of June 30	$	449,001	$	179,243	$	628,244	$	189,039	$	184,464	$	373,503
Less: current  portion		(14,404)		(17,932)		(32,336)		(6,784)		(136,753)		(143,537)
Non-current reclamation and remediation liabilities	$	434,597	$	161,311	$	595,908	$	182,255	$	47,711	$	229,966

(1)During the six months ended June 30, 2025, reclamation changes were primarily comprised of an increase of $221.0 million as a result of the acquisition of CC&V. During the six months ended June 30, 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 displaced heap leach material 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 displaced heap leach material, and management of surface and ground water in the Sabırlı Valley.

(2)During the six months ended June 30, 2025, reclamation and remediation changes were primarily comprised of an increase of $9.4 million and $53.5 million, respectively. As discussed above, the Company revised the estimate related to the closure of the Çöpler heap leach pad and construction estimate for the permanent storage facility during the second quarter of 2025. During the six months ended June 30, 2024,

reclamation changes were comprised of an $11.1 million revision in the timing primarily related to the closure of the heap leach pad as a result of the Çöpler Incident.

The following table includes the components of Reclamation and remediation costs for the three and six months ended June 30, 2025 and 2024 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
		2025		2024		2025		2024
Reclamation adjustments and other	$	9,419	$	—	$	9,419	$	11,229
Reclamation accretion		6,874		2,414		11,190		4,829
Total reclamation costs		16,293		2,414		20,609		16,058
Remediation adjustments and other		53,557		—		53,561		261,674
Total remediation costs		53,557		—		53,561		261,674
Total reclamation and remediation costs	$	69,850	$	2,414	$	74,170	$	277,732

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IMPAIRMENT OF LONG-LIVED AND OTHER ASSETS

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

IMPAIRMENT OF LONG-LIVED AND OTHER ASSETS

IMPAIRMENT OF LONG-LIVED AND OTHER ASSETS

For the three and six months ended June 30, 2025, the Company did not record any impairment of long-lived and other assets.

For the three months ended June 30, 2024, the Company did not record any impairment of long-lived and other assets. For the six months ended June 30, 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. The Company fully impaired the heap leach pad inventory and related heap leach pad processing facilities as a result of the Çöpler Incident and the Company’s plans to permanently close the heap leach pad.

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OTHER OPERATING EXPENSE (INCOME), NET

6 Months Ended

Jun. 30, 2025

Other Income and Expenses [Abstract]

OTHER OPERATING EXPENSE (INCOME), NET

OTHER OPERATING EXPENSE (INCOME), NET

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
CC&V transaction and integration costs	$	4,958	$	—	$	11,753	$	—
Loss (gain) on sale and disposal of assets, net		411		(5,599)		755		(5,599)
Change in fair value of contingent consideration		2,013		—		3,654		—
Contingencies and expenses related to the Çöpler Incident		2,298		2,363		3,862		17,673
Insurance proceeds received related to the Çöpler Incident (1)		(44,409)		—		(44,409)		—
Other taxes		470		—		1,721		—
Other		630		87		633		87
Total	$	(33,629)	$	(3,149)	$	(22,031)	$	12,161

(1)During the second quarter of 2025, the Company received business interruption insurance proceeds of $44.4 million associated with the Çöpler Incident.

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OTHER INCOME (EXPENSE)

6 Months Ended

Jun. 30, 2025

Other Income and Expenses [Abstract]

OTHER INCOME (EXPENSE)

OTHER INCOME (EXPENSE)

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Interest income	$	3,023	$	3,505	$	6,020	$	9,801
Gain (loss) on investments and on marketable security sales		6,855		7,055		12,006		8,232
Change in fair value of marketable securities		(2,065)		(3,602)		(3,721)		(6,419)
Other		(1,606)		(1,990)		(1,775)		(2,879)
Total	$	6,207	$	4,968	$	12,530	$	8,735

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INCOME AND MINING TAXES

6 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

INCOME AND MINING TAXES

INCOME AND MINING TAXES

The Company’s consolidated effective income tax rate was 17.9% for the first six months of 2025 compared to 2.3% for the first six months of 2024. The Company, a Canadian domiciled entity, is subject to a statutory tax rate of 27.0%. The effective rate for the six months ended June 30, 2025 differs from the statutory rate primarily due to foreign currency fluctuations in select jurisdictions partially offset by additions to the valuation allowance for net operating losses generated by certain entities. The effective tax rate for the six months ended June 30, 2024 differs from the statutory rate primarily due to additions to the valuation allowance for net operating losses generated by certain entities partially offset by foreign currency fluctuations in select jurisdictions.

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INCOME (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2025

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 dilutive potential common shares during the period.

Dilutive potential common shares include stock options, Restricted Share Units (“RSUs”), and convertible notes.

The calculations of basic and diluted net income (loss) per share attributable to SSR Mining shareholders are based on the following (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net income (loss)	$	80,362	$	2,464	$	134,808	$	(355,698)
Net (income) loss attributable to non-controlling interest		9,713		7,229		14,048		78,309
Net income (loss) attributable to SSR Mining shareholders		90,075		9,693		148,856		(277,389)
Interest saving on 2019 Notes, net of tax		1,247		—		2,479		—
Net income (loss) used in the calculation of diluted net income per share	$	91,322	$	9,693	$	151,335	$	(277,389)
Weighted average number of common shares issued		202,774		202,133		202,598		202,244
Adjustments for dilutive instruments:
Restricted share units		1,220		274		1,112		—
2019 Notes		12,995		—		12,981		—
Diluted weighted average number of shares outstanding		216,989		202,407		216,691		202,244
Net income (loss) per share attributable to SSR Mining shareholders
Basic	$	0.44	$	0.05	$	0.73	$	(1.37)
Diluted	$	0.42	$	0.05	$	0.70	$	(1.37)

For the three months ended June 30, 2024, $1.2 million of interest saving on convertible notes, net of tax, and 13,210 common shares were excluded from the diluted income per common share calculation because the effect would be antidilutive.

For the six months ended June 30, 2024, $2.5 million of interest saving on convertible notes, net of tax, 13,339 common shares, and 417 restricted share units 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

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS

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. Refer to Note 13 to the audited consolidated financial statements in the Company’s 2024 Annual Report on Form 10-K for further information on the Company's assets and liabilities measured at fair value. 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 June 30, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash	$	412,104	$	—	$	—	$	412,104
Marketable securities (1)		43,477		—		—		43,477
Trade receivables from provisional sales, net (2)		—		72,447		—		72,447
Deferred consideration		—		—		26,816		26,816
	$	455,581	$	72,447	$	26,816	$	554,844
Liabilities:
Contingent consideration liabilities	$	—	$	—	$	169,626	$	169,626
Other		—		3		—		3
	$	—	$	3	$	169,626	$	169,629

(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 Condensed 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.

	Fair value at December 31, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Cash	$	387,882	$	—	$	—	$	387,882
Marketable securities (1)		34,631		—		—		34,631
Trade receivables from provisional sales, net (2)		—		78,687		—		78,687
Deferred consideration		—		—		26,383		26,383
	$	422,513	$	78,687	$	26,383	$	527,583
Liabilities:
Contingent consideration liabilities	$	—	$	—	$	29,642	$	29,642
Other		—		68		—		68
	$	—	$	68	$	29,642	$	29,710

(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 Condensed 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.

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):

	Six Months Ended June 30,
	2025		2024
Deferred consideration assets:
Balance as of January 1	$	26,383	$	21,213
Revaluations		1,683		1,536
Additions		—		2,378
Collections		(1,250)		—
Balance as of June 30	$	26,816	$	25,127

	Six Months Ended June 30,
	2025		2024
Contingent consideration liabilities:
Balance as of January 1	$	29,642	$	29,648
Revaluations		4,522		(238)
Additions		135,462		—
Balance as of June 30	$	169,626	$	29,410

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): 

		June 30, 2025				December 31, 2024
	Level	Carrying amount		Fair value		Carrying amount		Fair value
2019 Notes (1)	1	$	229,092	$	238,790	$	228,572	$	220,292

(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

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

TRADE AND OTHER RECEIVABLES

TRADE AND OTHER RECEIVABLES

The components of Trade and other receivables are as follows (in thousands):

	June 30, 2025		December 31, 2024
Trade receivables	$	73,994	$	84,239
Value added tax receivables		17,926		19,939
Income tax receivable		1,811		4,626
Other taxes receivable		20,600		13,479
Other		2,723		2,155
Total	$	117,054	$	124,438

No provision for credit loss was recognized as of June 30, 2025 or December 31, 2024. All trade receivables are expected to be settled within twelve months.

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INVENTORIES

6 Months Ended

Jun. 30, 2025

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

The components of Inventories are as follows (in thousands):

	June 30, 2025		December 31, 2024
Materials and supplies	$	135,854	$	113,752
Stockpiled ore		77,978		72,561
Leach pad inventory		327,139		253,166
Work-in-process		8,777		3,850
Finished goods		18,995		20,745
Total current inventories		568,743		464,074
Stockpiled ore		245,288		246,536
Leach pad inventory		214,661		44,676
Total non-current inventories	$	459,949	$	291,212

No write-downs of inventory were recognized during the three and six months ended June 30, 2025.

During the three and six months ended June 30, 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.

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MINERAL PROPERTIES, PLANT AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2025

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):

	June 30, 2025		December 31, 2024
Plant and equipment (1)	$	2,052,397	$	1,883,193
Construction in process		180,436		135,594
Mineral properties subject to depletion		2,304,787		2,114,765
Mineral properties not yet subject to depletion		894,279		884,029
Exploration and evaluation assets		247,164		254,146
Total mineral properties, plant, and equipment		5,679,063		5,271,727
Accumulated depreciation, plant and equipment		(865,693)		(804,411)
Accumulated depletion, mineral properties		(713,258)		(684,449)
Mineral properties, plant, and equipment, net	$	4,100,112	$	3,782,867

(1)As of June 30, 2025 and December 31, 2024, plant and equipment includes finance lease right-of-use assets with a carrying amount of $75.8 million and $78.9 million, respectively.

No impairment was recognized during the three months ended June 30, 2025 and 2024.

No impairment was recognized during the six months ended June 30, 2025. During the six months ended June 30, 2024, the Company concluded that certain mineral properties, plant and equipment at Çöpler were impaired and recorded a non-cash impairment of $38.2 million classified as a component of Impairment charges of long-lived and other assets in the Condensed Consolidated Statements of Operations.

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ACCRUED LIABILITIES AND OTHER

6 Months Ended

Jun. 30, 2025

Payables and Accruals [Abstract]

ACCRUED LIABILITIES AND OTHER

ACCRUED LIABILITIES AND OTHER

The components of Accrued liabilities and other are as follows (in thousands):

	June 30, 2025		December 31, 2024
Accrued liabilities	$	86,938	$	71,776
Royalties payable		14,321		17,017
Stock-based compensation liabilities		14,068		6,469
Income taxes payable		47,341		41,077
Lease liabilities		2,062		1,657
Other		1,524		1,385
Total accrued liabilities and other	$	166,254	$	139,381

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DEBT

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

DEBT

DEBT

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

	June 30, 2025		December 31, 2024
2019 Notes (1)	$	229,092	$	228,572
Current Portion	$	229,092	$	—
Non-Current Portion	$	—	$	228,572

(1)Amount is net of discount and debt issuance costs of $0.9 million and $1.4 million, respectively.

Convertible debt

2019 Notes

The 2019 Notes were reclassified from Debt, non-current to Current portion of debt as of June 30, 2025 due to the holder right of redemption at par, plus accrued and unpaid interest, which is payable on April 1, 2026 following a twenty business day notice period.

As of June 30, 2025, the Company was in compliance with its covenants. For further details on the Company’s indebtedness, see Note 20 to the audited consolidated financial statements in the Company’s 2024 Annual Report on Form 10-K.

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EQUITY

6 Months Ended

Jun. 30, 2025

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. Following the Çöpler Incident, the Company terminated the automatic share purchase plan effective March 1, 2024. The 2023 NCIB expired on June 19, 2024 and the Company has not sought approval for a new NCIB.

During the six months ended June 30, 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 total amount deducted from common shares of $16.4 million, based on the average paid in capital per common share outstanding prior to the repurchase date, less the total consideration resulted in a difference of $6.6 million that was recorded as an increase to retained earnings.

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SUPPLEMENTAL CASH FLOW INFORMATION

6 Months Ended

Jun. 30, 2025

Supplemental Cash Flow Information [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

SUPPLEMENTAL CASH FLOW INFORMATION

Net change in operating assets and liabilities were as follows (in thousands):

	Six Months Ended June 30,
	2025		2024
Decrease (increase) in operating assets:
Trade and other receivables	$	1,797	$	29,694
Inventories		(64,229)		(78,539)
Other operating assets		7,074		6,381
Increase (decrease) in operating liabilities:
Accounts payable		(4,715)		(13,135)
Accrued liabilities and other		2,683		(6,750)
Other operating liabilities		(934)		(114)
	$	(58,324)	$	(62,463)

Other cash information was as follows (in thousands):

	Six Months Ended June 30,
	2025		2024
Interest paid	$	(3,898)	$	(3,735)
Interest received	$	6,020	$	9,216
Income taxes paid	$	(37,450)	$	(21,558)
Insurance proceeds received related to the Çöpler Incident (1)	$	44,409	$	—

(1)The Company received business interruption insurance proceeds of $44.4 million associated with the Çöpler Incident. These proceeds are classified within operating activities in the Condensed Consolidated Statement of Cash Flows, as they represent recovery of lost revenues and operating costs.

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RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

Related party loan

Artmin Madencilik Sanayi Ve Ticaret A.Ş (“Artmin”) entered into loan agreements with Horizon, as lender, to fund Horizon’s portion of working capital spend of the Hod Maden project. The loans are unsecured and bear interest at the credit default swap premium of Türkiye plus a fixed spread of 4.0% at the end of each calendar quarter. The loans have a five year maturity with maturity dates ranging from June 2028 to June 2030. Artmin’s loans with Horizon had a total borrowing capacity of $48.4 million, of which $30.7 million was outstanding as of June 30, 2025. The liability is included in Debt, related party in the Condensed Consolidated Balance Sheets. As of June 30, 2025, no repayments have been made. Interest expense for these loans totaled $0.4 million and $0.2 million for the three months ended June 30, 2025 and 2024, respectively. Interest expense for these loans totaled $0.8 million and $0.3 million for the six months ended June 30, 2025 and 2024, respectively. The interest expense on the loan is included in Interest expense in the Condensed Consolidated Statements of Operations.

Related party line of credit

During 2024, the Company’s majority owned subsidiary, Anagold Madenncilik Sanayi ve Ticaret A.Ş, entered into loan agreements with Aktif Bank, as lender, to fund Lidya Mines’ portion of reclamation and environmental obligations. Aktif Bank is a wholly owned subsidiary of Calik Holding. Calik Holding owns 100% of Lidya Mines, which is the Company’s joint venture partner. The loan agreements provide for a non-revolving credit facility in an aggregate principal amount of up to $11.0 million and mature August 8, 2025, and bear interest at the rate of 10.0% per annum. The loans are guaranteed by Lidya Madencilik Sanayi ve Ticaret A.Ş. As of June 30, 2025, the outstanding balance of the loans was $11.0 million and is included in Current portion of debt, related party in the Condensed Consolidated Balance Sheets. As of June 30, 2025, no repayments have been made. Interest expense totaled $0.3 million and nil for the three months ended June 30, 2025 and 2024, respectively. Interest expense totaled $0.6 million and nil for the six months ended June 30, 2025 and 2024, respectively. The interest expense on the loans are included in Interest expense in the Condensed Consolidated Statements of Operations.

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COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2025

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 has been incurred.

Environmental matters

CC&V - Carlton Tunnel

In December 2021, CC&V entered into a Settlement Agreement (“Settlement Agreement”) with the Water Quality Control Division of the Colorado Department of Public Health and Environment (the “Division”) with a mutual objective of resolving issues associated with the new discharge permits issued by the Division in January 2021 for the Carlton Tunnel. The Carlton Tunnel was a historic tunnel completed in 1941 with the purpose of draining the southern portion of the mining district, subsequently consolidated by CC&V. CC&V has held discharge permits for the Carlton Tunnel since 1983, primarily to focus on monitoring, with the monitoring data accumulated since the mid-1970s indicating consistency in the water quality discharged from the Carlton Tunnel over time. In 2006, legal proceedings and work with the regulator confirmed that the water flowing out of the Carlton Tunnel portal is akin to natural spring water and did not constitute mine drainage. However, this changed with the January 2021 permit updates, when the regulator imposed new water quality limits. The Settlement Agreement involves the evaluation of a reasonable and achievable timeline for treatment and permit compliance, acknowledging the lack of readily available technology, and the need to spend three years to study and select the technological solution, with three additional years to construct, bringing full permit compliance to the November 2027 timeframe. In 2022, CC&V studied various interim passive water treatment options, and reported the study results to the Division. CC&V continues to study alternative long-term remediation plans for water discharged from the Carlton Tunnel, and is also working with regulators on the site specific standards, a Discharger Specific Variance ("DSV") and other potential approaches to identify highest feasible alternative treatment in the context, based on limits such as area topography. CC&V continues to study alternative long-term remediation plans for water discharged from the Carlton Tunnel, while also continuing to work with regulators to identify and implement highest feasible alternative treatments, including site specific standards and a DSV. CC&V formally submitted a proposal for site specific standards and the DSV to the Water Quality Control Commission in a June 2025 rulemaking hearing. As a result of the hearing, the Commission agreed to site specific standards for CC&V for certain water quality standards, and CC&V will continue to work with the Division on a proposal for the DSV and an extension request for compliance with certain other standards. Depending on the plans that may ultimately be agreed with the Division, a material adjustment to the liability may be required. Refer to Note 3 for further information on the acquisition of CC&V.

Surety bonds

The Company uses surety bonds to support certain environmental bonding obligations. As of June 30, 2025 and December 31, 2024, the Company had surety bonds totaling $482.4 million and $153.0 million outstanding, respectively.

Other commitments and contingencies

Following the Çöpler Incident, the Company has been named as a defendant in securities class actions in the United States and Canada 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.

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Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2025

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.

Business Combinations

Business Combinations

The Company recognizes and measures the assets acquired and liabilities assumed in a business combination based on their estimated fair values at the acquisition date, while transaction and integration costs are expensed as incurred. Any excess of the purchase consideration when compared to the fair value of the net tangible and intangible assets acquired, if any, is recorded as goodwill. For material acquisitions, the Company engages third-party valuation specialists to assist with the determination of the fair value of assets acquired, liabilities assumed, non-controlling interest, if any, and goodwill, based on recognized business valuation methodologies. An income, market or cost valuation method may be utilized to estimate the fair value of the assets acquired, liabilities assumed, and non-controlling interest, if any, in a business combination. If the initial accounting for the business combination is incomplete by the end of the reporting period in which the acquisition occurs, an estimate will be recorded. Subsequent to the acquisition date, and not later than one year from the acquisition date, the Company will record any material adjustments to the initial estimate based on new information obtained that would have existed as of the date of the acquisition. Any adjustment that arises from information obtained that did not exist as of the date of the acquisition will be recorded in the period the adjustment arises.

If the business combination provides for contingent consideration, the Company records the contingent consideration at fair value at the acquisition date. Changes in fair value of contingent consideration resulting from events after the acquisition date are recognized as follows: (1) if the contingent consideration is classified as a liability, the changes in fair value and accretion costs are recognized in earnings, or (2) if the contingent consideration is classified as equity, the contingent consideration is not re-measured and its subsequent settlement is accounted for within equity. The increases or decreases in the fair value of contingent consideration can result from a change in the timing of the contingent event and changes in assumed discount periods and rates.

Insurance Recoveries

Insurance Recoveries

Business interruption insurance proceeds are specifically insurance proceeds to recover lost revenues due to a qualifying event as determined by the insurance policy. The Company records business interruption insurance proceeds once the insurance provider acknowledges that the claim is covered and agrees in writing to the amount to be paid for the claim. For the six months ended June 30, 2025, the Company recorded business interruption insurance proceeds to Other operating expense (income), net in the Condensed Consolidated Statements of Operations and are reflected as operating cash flows in the Condensed Consolidated Statements of Cash Flows.

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 (“GAAP”) 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, 2024 filed on February 18, 2025. 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 and six month periods ended June 30, 2025, are not necessarily indicative of the results that may be expected for the year ending December 31, 2025.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03 “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) (“ASU 2024-03”).” ASU 2024-03 provides guidance requiring that public business entities to disclose additional information about specific expense categories in the notes to financial statements. The new standard is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027 with early adoption permitted. The ASU 2024-03 should be applied either (1)

prospectively to financial statements issued for reporting periods after the effective date, or (2) retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating the impact of the new standard on the consolidated financial statements.

In December 2023, the FASB issued 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 of the standard on the consolidated financial statements.

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ACQUISITIONS AND DIVESTITURES (Tables)

6 Months Ended

Jun. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Acquisition Date Fair Value of the Consideration Transferred

The Acquisition Date fair value of the consideration transferred consists of the following (in thousands):

Cash consideration (1)	$	108,736
Contingent consideration (2)		135,462
Total Purchase Price	$	244,198

(1)Cash consideration is comprised of $100.0 million in upfront cash and an $8.7 million working capital adjustment. The working capital adjustment is preliminary as of June 30, 2025 and subject to finalization in accordance with the share purchase agreement.

(2)The fair value of the contingent consideration is based on a probability weighted discounted cash flow model. The contingent consideration is considered a Level 3 fair value measurement due to certain assumptions that are not based on observable market data (refer to Note 11 for more information). The significant assumptions include probability and timing of milestones and discount rates. The range of the undiscounted amounts the Company could be obligated to pay is between $87.5 million and $175.0 million.

Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed

The following table presents the preliminary fair values of the assets acquired and liabilities assumed at the Acquisition Date (in thousands):

Assets:
Trade and other receivables	$	391
Inventories (1)		195,993
Prepaids and other current assets		919
Mineral properties, plant and equipment (2)		315,918
Total assets	$	513,221
Liabilities:
Accounts payable	$	13,236
Accrued and other liabilities		15,113
Reclamation liabilities (3)		220,974
Deferred tax liabilities (4)		19,700
Total liabilities		269,023
Total net assets	$	244,198

(1)The fair values of inventories were determined based on a net realizable value (“NRV”) approach, whereby the future estimated cash flows from sales of payable metal produced are adjusted for costs to complete. During the three months ended June 30, 2025, measurement period adjustments of $1.6 million were recorded to reflect changes in the estimated fair value.

(2)The fair value of mineral properties have been estimated using a market approach based on estimated quantities of mineral reserves and mineral resources and in-situ multiples. The fair values of plant and equipment have been estimated using a depreciated replacement cost approach. During the three months ended June 30, 2025, measurement period adjustments of $1.6 million were recorded to reflect changes in the estimated fair value.

(3)The fair value of reclamation costs is based on the expected amounts and timing of cash flows of closure activities and discounted to present value using a credit-adjusted risk-free rate as of the Acquisition Date. Key assumptions include the costs and timing of key closure activities based on the life of mine plans, including estimates and timing of monitoring and water management costs after completion of initial closure activities.

(4)Deferred income tax liabilities represent future tax expense associated with the differences between the preliminary fair value allocated to assets and liabilities and the tax basis of those assets and liabilities.

Schedule of Business Combination, Pro Forma Information

The following table provides unaudited pro forma financial information for the three and six months ended June 30, 2025 and 2024, as if CC&V had been acquired as of January 1, 2024 (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2024		2025		2024
Revenue	$	263,807	$	810,231	$	$	553,695
Net income attributable to SSR Mining shareholders (1)	$	40,527	$	184,213	$	$	(227,197)

(1)For the three and six months ended June 30, 2025, net income (loss) includes $5.0 million and $11.8 million, respectively, of transaction and integration costs

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OPERATING SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2025

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 June 30, 2025
	Çöpler (1)		Marigold		CC&V		Seabee (2)		Puna		Segment Total			Corporate and other (3)	Consolidated
Revenue	$	—	$	118,786	$	149,965	$	34,540	$	102,164	$	405,455	$	—	$	405,455
Cost of sales (4)	$	—	$	56,376	$	50,003	$	18,473	$	38,096	$	162,948	$	—	$	162,948
Depreciation, depletion, and amortization	$	—	$	8,228	$	2,784	$	6,921	$	8,191	$	26,124	$	113	$	26,237
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	—	$	26,634	$	26,634
Exploration and evaluation	$	347	$	1,824	$	(195)	$	2,743	$	805	$	5,524	$	1,279	$	6,803
Reclamation and remediation costs	$	63,541	$	806	$	3,887	$	336	$	1,280	$	69,850	$	—	$	69,850
Care and maintenance (5)	$	36,714	$	—	$	—	$	1,013	$	—	$	37,727	$	—	$	37,727
Other operating expense (income), net	$	(41,843)	$	313	$	630	$	98	$	203	$	(40,599)	$	6,970	$	(33,629)
Operating income (loss)	$	(58,759)	$	51,239	$	92,856	$	4,956	$	53,589	$	143,881	$	(34,996)	$	108,885
Interest expense	$	(1,642)	$	—	$	—	$	—	$	(877)	$	(2,519)	$	(1,708)	$	(4,227)
Interest income	$	—	$	756	$	—	$	303	$	907	$	1,966	$	1,057	$	3,023
Other income (expense)	$	202	$	(246)	$	—	$	(7)	$	3,954	$	3,903	$	(719)	$	3,184
Foreign exchange gain (loss)	$	402	$	—	$	—	$	854	$	(6,235)	$	(4,979)	$	(5,214)	$	(10,193)
Income (loss) before income and mining taxes	$	(59,797)	$	51,749	$	92,856	$	6,106	$	51,338	$	142,252	$	(41,580)	$	100,672
Capital expenditures	$	247	$	18,841	$	14,427	$	8,762	$	4,023	$	46,300	$	16,170	$	62,470
Total assets as of June 30, 2025	$	2,642,739	$	818,746	$	534,551	$	355,909	$	363,386	$	4,715,331	$	1,080,546	$	5,795,877

(1)All operations at Çöpler ceased on February 13, 2024, following the Çöpler Incident and have not commenced as of June 30, 2025.

(2)During the second quarter of 2025, the Company suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. Seabee resumed operations on June 13, 2025.

(3)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties and the portfolio of prospective exploration tenures, near or adjacent to the existing operations are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.

(4)Excludes depreciation, depletion, and amortization.

(5)Care and maintenance expense represents the direct costs not associated with the environmental reclamation and remediation costs of $21.8 million and depreciation of $14.9 million during the suspension of operations at Çöpler beginning in the first quarter of 2024; and direct costs of $0.2 million and depreciation of $0.8 million during the temporary suspension of operations at Seabee during the three months ended June 30, 2025.

	Three Months Ended June 30, 2024
	Çöpler		Marigold		Seabee		Puna		Segment Total		Corporate and other (1)		Consolidated
Revenue	$	—	$	60,873	$	35,386	$	88,582	$	184,841	$	—	$	184,841
Cost of sales (2)	$	—	$	39,237	$	17,275	$	40,070	$	96,582	$	—	$	96,582
Depreciation, depletion, and amortization	$	—	$	5,745	$	9,477	$	7,789	$	23,011	$	—	$	23,011
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	13,452	$	13,452
Exploration and evaluation	$	298	$	3,971	$	5,190	$	665	$	10,124	$	1,131	$	11,255
Reclamation and remediation costs	$	493	$	724	$	334	$	863	$	2,414	$	—	$	2,414
Care and maintenance (3)	$	30,556	$	—	$	—	$	—	$	30,556	$	—	$	30,556
Other operating expense (income), net	$	2,375	$	451	$	6	$	705	$	3,537	$	(6,686)	$	(3,149)
Operating income (loss)	$	(33,722)	$	10,745	$	3,104	$	38,490	$	18,617	$	(7,897)	$	10,720
Interest expense	$	(831)	$	—	$	—	$	—	$	(831)	$	(1,274)	$	(2,105)
Interest income	$	(1,005)	$	1,717	$	1,397	$	101	$	2,210	$	1,295	$	3,505
Other income (expense)	$	(808)	$	(19)	$	9	$	2,326	$	1,508	$	(45)	$	1,463
Foreign exchange gain (loss)	$	1,290	$	(8)	$	182	$	1,383	$	2,847	$	(1,971)	$	876
Income (loss) before income and mining taxes	$	(35,076)	$	12,435	$	4,692	$	42,300	$	24,351	$	(9,892)	$	14,459
Capital expenditures	$	3,586	$	13,096	$	7,119	$	3,550	$	27,351	$	8,982	$	36,333
Total assets as of June 30, 2024	$	2,736,138	$	801,572	$	411,838	$	283,905	$	4,233,453	$	942,101	$	5,175,554

(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 $17.3 million and depreciation of $13.3 million during the suspension of operations at Çöpler beginning in the first quarter of 2024.

	Six Months Ended June 30, 2025
	Çöpler (1)		Marigold		CC&V (2)		Seabee (3)		Puna		Segment Total			Corporate and other (4)	Consolidated
Revenue	$	—	$	235,966	$	184,837	$	110,842	$	190,428	$	722,073	$	—	$	722,073
Cost of sales (5)	$	—	$	115,102	$	67,968	$	41,604	$	74,915	$	299,589	$	—	$	299,589
Depreciation, depletion, and amortization	$	—	$	16,941	$	3,288	$	20,425	$	15,972	$	56,626	$	224	$	56,850
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	—	$	50,529	$	50,529
Exploration and evaluation	$	769	$	2,515	$	—	$	6,883	$	1,177	$	11,344	$	2,324	$	13,668
Reclamation and remediation costs	$	64,156	$	1,610	$	5,171	$	672	$	2,561	$	74,170	$	—	$	74,170
Care and maintenance (6)	$	72,509	$	—	$	—	$	1,013	$	—	$	73,522	$	—	$	73,522
Other operating expense (income), net	$	(39,265)	$	656	$	634	$	98	$	439	$	(37,438)	$	15,407	$	(22,031)
Operating income (loss)	$	(98,169)	$	99,142	$	107,776	$	40,147	$	95,364	$	244,260	$	(68,484)	$	175,776
Interest expense	$	(3,219)	$	—	$	—	$	—	$	(982)	$	(4,201)	$	(3,395)	$	(7,596)
Interest income	$	—	$	2,356	$	—	$	731	$	1,253	$	4,340	$	1,680	$	6,020
Other income (expense)	$	246	$	(459)	$	—	$	(15)	$	7,778	$	7,550	$	(1,040)	$	6,510
Foreign exchange gain (loss)	$	302	$	—	$	—	$	746	$	(9,920)	$	(8,872)	$	(7,373)	$	(16,245)
Income (loss) before income and mining taxes	$	(100,840)	$	101,039	$	107,776	$	41,609	$	93,493	$	243,077	$	(78,612)	$	164,465
Capital expenditures	$	738	$	34,091	$	15,820	$	20,564	$	5,977	$	77,190	$	29,091	$	106,281
Total assets as of June 30, 2025	$	2,642,739	$	818,746	$	534,551	$	355,909	$	363,386	$	4,715,331	$	1,080,546	$	5,795,877

(1)All operations at Çöpler ceased on February 13, 2024, following the Çöpler Incident and have not commenced as of June 30, 2025.

(2)The reported statements of operations amounts reflect results for CC&V from the date of acquisition on February 28, 2025 through June 30, 2025. See Note 3 for additional information.

(3)During the second quarter of 2025, the Company suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine. Seabee resumed operations on June 13, 2025.

(4)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties and the portfolio of prospective exploration tenures, near or adjacent to the existing operations are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.

(5)Excludes depreciation, depletion, and amortization.

(6)Care and maintenance expense represents the direct costs not associated with the environmental reclamation and remediation costs of $42.4 million and depreciation of $30.1 million during the suspension of operations at Çöpler beginning in the first quarter of 2024; and direct costs of $0.2 million and depreciation of $0.8 million during the temporary suspension of operations at Seabee during the three months ended June 30, 2025.

	Six Months Ended June 30, 2024
	Çöpler		Marigold		Seabee		Puna		Segment Total		Corporate and other (1)		Consolidated
Revenue	$	48,571	$	137,560	$	94,513	$	134,431	$	415,075	$	—	$	415,075
Cost of sales (2)	$	24,423	$	88,308	$	41,708	$	68,044	$	222,483	$	—	$	222,483
Depreciation, depletion, and amortization	$	9,831	$	13,184	$	24,690	$	13,704	$	61,409	$	—	$	61,409
General and administrative expense	$	—	$	—	$	—	$	—	$	—	$	26,313	$	26,313
Exploration and evaluation	$	1,072	$	8,065	$	8,736	$	1,000	$	18,873	$	2,613	$	21,486
Reclamation and remediation costs	$	273,890	$	1,448	$	668	$	1,726	$	277,732	$	—	$	277,732
Impairment charges of long-lived and other assets	$	114,230	$	—	$	—	$	—	$	114,230	$	—	$	114,230
Care and maintenance (3)	$	44,965	$	—	$	—	$	—	$	44,965	$	—	$	44,965
Other operating expense (income), net	$	17,684	$	458	$	6	$	704	$	18,852	$	(6,691)	$	12,161
Operating income (loss)	$	(437,524)	$	26,096	$	18,706	$	49,253	$	(343,469)	$	(22,235)	$	(365,704)
Interest expense	$	(3,361)	$	—	$	—	$	—	$	(3,361)	$	(3,399)	$	(6,760)
Interest income	$	15	$	3,611	$	3,058	$	570	$	7,254	$	2,547	$	9,801
Other income (expense)	$	(205)	$	(499)	$	1	$	(522)	$	(1,225)	$	159	$	(1,066)
Foreign exchange gain (loss)	$	(1,083)	$	(8)	$	180	$	4,141	$	3,230	$	(3,267)	$	(37)
Income (loss) before income and mining taxes	$	(442,158)	$	29,200	$	21,945	$	53,442	$	(337,571)	$	(26,195)	$	(363,766)
Capital expenditures	$	10,127	$	15,527	$	22,892	$	6,909	$	55,455	$	17,114	$	72,569
Total assets as of June 30, 2024	$	2,736,138	$	801,572	$	411,838	$	283,905	$	4,233,453	$	942,101	$	5,175,554

(1)Corporate and other consists of business activities that are not included within the reportable segments and 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 $25.0 million and depreciation of $20.0 million during the suspension of operations at Çöpler beginning in the first quarter of 2024.

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REVENUE (Tables)

6 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Gold doré sales
Çöpler	$	—	$	—	$	—	$	48,226
Marigold		118,753		60,835		235,895		137,498
CC&V		149,464		—		184,123		—
Seabee		34,525		35,372		110,802		94,474
Concentrate sales
Puna		100,151		82,846		186,844		131,218
Other (1)
Çöpler		—		—		—		345
Marigold		33		38		71		62
CC&V		501		—		714		—
Seabee		15		14		40		39
Puna		2,013		5,736		3,584		3,213
Total	$	405,455	$	184,841	$	722,073	$	415,075

(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 are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Gold	$	302,742	$	96,207	$	530,820	$	280,198
Silver		87,210		69,276		162,485		108,610
Lead		11,430		11,907		22,481		20,369
Zinc		1,511		1,663		1,878		2,239
Other (1)		2,562		5,788		4,409		3,659
Total	$	405,455	$	184,841	$	722,073	$	415,075

(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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RECLAMATION AND REMEDIATION LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2025

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Reclamation and Remediation Liabilities

Changes in Reclamation and remediation liabilities during the six months ended June 30, 2025 and 2024, were as follows (in thousands): 

	Six Months Ended June 30, 2025						Six Months Ended June 30, 2024
	Reclamation		Remediation		Total		Reclamation		Remediation		Total
Balance as of January 1	$	209,923	$	135,914	$	345,837	$	173,819	$	—	$	173,819
Additions (1)		220,974		—		220,974		—		261,674		261,674
Changes in estimate and other (2)		9,420		53,507		62,927		11,054		—		11,054
Expenditures		(2,506)		(10,178)		(12,684)		(663)		(77,210)		(77,873)
Accretion expense		11,190		—		11,190		4,829		—		4,829
Balance as of June 30	$	449,001	$	179,243	$	628,244	$	189,039	$	184,464	$	373,503
Less: current  portion		(14,404)		(17,932)		(32,336)		(6,784)		(136,753)		(143,537)
Non-current reclamation and remediation liabilities	$	434,597	$	161,311	$	595,908	$	182,255	$	47,711	$	229,966

(1)During the six months ended June 30, 2025, reclamation changes were primarily comprised of an increase of $221.0 million as a result of the acquisition of CC&V. During the six months ended June 30, 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 displaced heap leach material 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 displaced heap leach material, and management of surface and ground water in the Sabırlı Valley.

(2)During the six months ended June 30, 2025, reclamation and remediation changes were primarily comprised of an increase of $9.4 million and $53.5 million, respectively. As discussed above, the Company revised the estimate related to the closure of the Çöpler heap leach pad and construction estimate for the permanent storage facility during the second quarter of 2025. During the six months ended June 30, 2024,

reclamation changes were comprised of an $11.1 million revision in the timing primarily related to the closure of the heap leach pad as a result of the Çöpler Incident.

The following table includes the components of Reclamation and remediation costs for the three and six months ended June 30, 2025 and 2024 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
		2025		2024		2025		2024
Reclamation adjustments and other	$	9,419	$	—	$	9,419	$	11,229
Reclamation accretion		6,874		2,414		11,190		4,829
Total reclamation costs		16,293		2,414		20,609		16,058
Remediation adjustments and other		53,557		—		53,561		261,674
Total remediation costs		53,557		—		53,561		261,674
Total reclamation and remediation costs	$	69,850	$	2,414	$	74,170	$	277,732

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OTHER OPERATING EXPENSE (INCOME), NET (Tables)

6 Months Ended

Jun. 30, 2025

Other Income and Expenses [Abstract]

Schedule of Other Operating Expense (Income), Net

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
CC&V transaction and integration costs	$	4,958	$	—	$	11,753	$	—
Loss (gain) on sale and disposal of assets, net		411		(5,599)		755		(5,599)
Change in fair value of contingent consideration		2,013		—		3,654		—
Contingencies and expenses related to the Çöpler Incident		2,298		2,363		3,862		17,673
Insurance proceeds received related to the Çöpler Incident (1)		(44,409)		—		(44,409)		—
Other taxes		470		—		1,721		—
Other		630		87		633		87
Total	$	(33,629)	$	(3,149)	$	(22,031)	$	12,161

(1)During the second quarter of 2025, the Company received business interruption insurance proceeds of $44.4 million associated with the Çöpler Incident.

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OTHER INCOME (EXPENSE) (Tables)

6 Months Ended

Jun. 30, 2025

Other Income and Expenses [Abstract]

Schedule of Other Income (Expense)

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Interest income	$	3,023	$	3,505	$	6,020	$	9,801
Gain (loss) on investments and on marketable security sales		6,855		7,055		12,006		8,232
Change in fair value of marketable securities		(2,065)		(3,602)		(3,721)		(6,419)
Other		(1,606)		(1,990)		(1,775)		(2,879)
Total	$	6,207	$	4,968	$	12,530	$	8,735

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INCOME (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income (Loss) Per Share

The calculations of basic and diluted net income (loss) per share attributable to SSR Mining shareholders are based on the following (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net income (loss)	$	80,362	$	2,464	$	134,808	$	(355,698)
Net (income) loss attributable to non-controlling interest		9,713		7,229		14,048		78,309
Net income (loss) attributable to SSR Mining shareholders		90,075		9,693		148,856		(277,389)
Interest saving on 2019 Notes, net of tax		1,247		—		2,479		—
Net income (loss) used in the calculation of diluted net income per share	$	91,322	$	9,693	$	151,335	$	(277,389)
Weighted average number of common shares issued		202,774		202,133		202,598		202,244
Adjustments for dilutive instruments:
Restricted share units		1,220		274		1,112		—
2019 Notes		12,995		—		12,981		—
Diluted weighted average number of shares outstanding		216,989		202,407		216,691		202,244
Net income (loss) per share attributable to SSR Mining shareholders
Basic	$	0.44	$	0.05	$	0.73	$	(1.37)
Diluted	$	0.42	$	0.05	$	0.70	$	(1.37)

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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2025

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 June 30, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash	$	412,104	$	—	$	—	$	412,104
Marketable securities (1)		43,477		—		—		43,477
Trade receivables from provisional sales, net (2)		—		72,447		—		72,447
Deferred consideration		—		—		26,816		26,816
	$	455,581	$	72,447	$	26,816	$	554,844
Liabilities:
Contingent consideration liabilities	$	—	$	—	$	169,626	$	169,626
Other		—		3		—		3
	$	—	$	3	$	169,626	$	169,629

(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 Condensed 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.

	Fair value at December 31, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Cash	$	387,882	$	—	$	—	$	387,882
Marketable securities (1)		34,631		—		—		34,631
Trade receivables from provisional sales, net (2)		—		78,687		—		78,687
Deferred consideration		—		—		26,383		26,383
	$	422,513	$	78,687	$	26,383	$	527,583
Liabilities:
Contingent consideration liabilities	$	—	$	—	$	29,642	$	29,642
Other		—		68		—		68
	$	—	$	68	$	29,642	$	29,710

(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 Condensed 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.

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):

	Six Months Ended June 30,
	2025		2024
Deferred consideration assets:
Balance as of January 1	$	26,383	$	21,213
Revaluations		1,683		1,536
Additions		—		2,378
Collections		(1,250)		—
Balance as of June 30	$	26,816	$	25,127

	Six Months Ended June 30,
	2025		2024
Contingent consideration liabilities:
Balance as of January 1	$	29,642	$	29,648
Revaluations		4,522		(238)
Additions		135,462		—
Balance as of June 30	$	169,626	$	29,410

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):

	Six Months Ended June 30,
	2025		2024
Deferred consideration assets:
Balance as of January 1	$	26,383	$	21,213
Revaluations		1,683		1,536
Additions		—		2,378
Collections		(1,250)		—
Balance as of June 30	$	26,816	$	25,127

	Six Months Ended June 30,
	2025		2024
Contingent consideration liabilities:
Balance as of January 1	$	29,642	$	29,648
Revaluations		4,522		(238)
Additions		135,462		—
Balance as of June 30	$	169,626	$	29,410

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): 

		June 30, 2025				December 31, 2024
	Level	Carrying amount		Fair value		Carrying amount		Fair value
2019 Notes (1)	1	$	229,092	$	238,790	$	228,572	$	220,292

(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)

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

Schedule of Trade and Other Receivables

The components of Trade and other receivables are as follows (in thousands):

	June 30, 2025		December 31, 2024
Trade receivables	$	73,994	$	84,239
Value added tax receivables		17,926		19,939
Income tax receivable		1,811		4,626
Other taxes receivable		20,600		13,479
Other		2,723		2,155
Total	$	117,054	$	124,438

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INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2025

Inventory Disclosure [Abstract]

Schedule of Inventory, Current

The components of Inventories are as follows (in thousands):

	June 30, 2025		December 31, 2024
Materials and supplies	$	135,854	$	113,752
Stockpiled ore		77,978		72,561
Leach pad inventory		327,139		253,166
Work-in-process		8,777		3,850
Finished goods		18,995		20,745
Total current inventories		568,743		464,074
Stockpiled ore		245,288		246,536
Leach pad inventory		214,661		44,676
Total non-current inventories	$	459,949	$	291,212

Schedule of Inventory, Noncurrent

The components of Inventories are as follows (in thousands):

	June 30, 2025		December 31, 2024
Materials and supplies	$	135,854	$	113,752
Stockpiled ore		77,978		72,561
Leach pad inventory		327,139		253,166
Work-in-process		8,777		3,850
Finished goods		18,995		20,745
Total current inventories		568,743		464,074
Stockpiled ore		245,288		246,536
Leach pad inventory		214,661		44,676
Total non-current inventories	$	459,949	$	291,212

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MINERAL PROPERTIES, PLANT AND EQUIPMENT, NET (Tables)

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

Schedule of Mineral Properties, Plant and Equipment, Net

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

	June 30, 2025		December 31, 2024
Plant and equipment (1)	$	2,052,397	$	1,883,193
Construction in process		180,436		135,594
Mineral properties subject to depletion		2,304,787		2,114,765
Mineral properties not yet subject to depletion		894,279		884,029
Exploration and evaluation assets		247,164		254,146
Total mineral properties, plant, and equipment		5,679,063		5,271,727
Accumulated depreciation, plant and equipment		(865,693)		(804,411)
Accumulated depletion, mineral properties		(713,258)		(684,449)
Mineral properties, plant, and equipment, net	$	4,100,112	$	3,782,867

(1)As of June 30, 2025 and December 31, 2024, plant and equipment includes finance lease right-of-use assets with a carrying amount of $75.8 million and $78.9 million, respectively.

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ACCRUED LIABILITIES AND OTHER (Tables)

6 Months Ended

Jun. 30, 2025

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities and Other

The components of Accrued liabilities and other are as follows (in thousands):

	June 30, 2025		December 31, 2024
Accrued liabilities	$	86,938	$	71,776
Royalties payable		14,321		17,017
Stock-based compensation liabilities		14,068		6,469
Income taxes payable		47,341		41,077
Lease liabilities		2,062		1,657
Other		1,524		1,385
Total accrued liabilities and other	$	166,254	$	139,381

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DEBT (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Debt

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

	June 30, 2025		December 31, 2024
2019 Notes (1)	$	229,092	$	228,572
Current Portion	$	229,092	$	—
Non-Current Portion	$	—	$	228,572

(1)Amount is net of discount and debt issuance costs of $0.9 million and $1.4 million, respectively.

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SUPPLEMENTAL CASH FLOW INFORMATION (Tables)

6 Months Ended

Jun. 30, 2025

Supplemental Cash Flow Information [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

Net change in operating assets and liabilities were as follows (in thousands):

	Six Months Ended June 30,
	2025		2024
Decrease (increase) in operating assets:
Trade and other receivables	$	1,797	$	29,694
Inventories		(64,229)		(78,539)
Other operating assets		7,074		6,381
Increase (decrease) in operating liabilities:
Accounts payable		(4,715)		(13,135)
Accrued liabilities and other		2,683		(6,750)
Other operating liabilities		(934)		(114)
	$	(58,324)	$	(62,463)

Other cash information was as follows (in thousands):

	Six Months Ended June 30,
	2025		2024
Interest paid	$	(3,898)	$	(3,735)
Interest received	$	6,020	$	9,216
Income taxes paid	$	(37,450)	$	(21,558)
Insurance proceeds received related to the Çöpler Incident (1)	$	44,409	$	—

(1)The Company received business interruption insurance proceeds of $44.4 million associated with the Çöpler Incident. These proceeds are classified within operating activities in the Condensed Consolidated Statement of Cash Flows, as they represent recovery of lost revenues and operating costs.

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THE COMPANY (Details)	Jun. 30, 2025 asset
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of producing assets	5

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ACQUISITIONS AND DIVESTITURES - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	Feb. 28, 2025	Jun. 30, 2025	Jun. 30, 2025	Jun. 30, 2024	Dec. 31, 2024
Business Combination, Separately Recognized Transaction [Line Items]
Cash consideration			$ 108,736	$ 0
Contingent consideration liabilities		$ 169,626	169,626		$ 29,642
CC&V
Business Combination, Separately Recognized Transaction [Line Items]
Cash consideration	$ 100,000
Adjustments to additional paid in capital, stock issued, issuance costs	175,000
Aggregate closure costs	$ 500,000
Revenue		150,000	184,800
Net income		$ 81,800	$ 91,800
CC&V | Minimum
Business Combination, Separately Recognized Transaction [Line Items]
Incremental closure costs (as a percent)	10.00%
CC&V | Maximum
Business Combination, Separately Recognized Transaction [Line Items]
Incremental closure costs (as a percent)	90.00%
CC&V | Permit Application Approval And Regulatory Relief, Carlton Tunnel
Business Combination, Separately Recognized Transaction [Line Items]
Contingent consideration liabilities	$ 87,500
CC&V | Regulatory Relief, Carlton Tunnel
Business Combination, Separately Recognized Transaction [Line Items]
Contingent consideration liabilities	$ 87,500

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ACQUISITIONS AND DIVESTITURES - Acquisition Date Fair Value of the Consideration Transferred (Details) - USD ($) $ in Thousands		6 Months Ended
	Feb. 28, 2025	Jun. 30, 2025	Jun. 30, 2024	Dec. 31, 2024
Business Combination [Line Items]
Upfront cash		$ 108,736	$ 0
Contingent consideration liabilities		$ 169,626		$ 29,642
CC&V
Business Combination [Line Items]
Cash consideration	$ 108,736
Contingent consideration	135,462
Total Purchase Price	244,198
Upfront cash	100,000
Working capital adjustment	8,700
Adjustments to additional paid in capital, stock issued, issuance costs	175,000
CC&V | Permit Application Approval And Regulatory Relief, Carlton Tunnel
Business Combination [Line Items]
Contingent consideration liabilities	$ 87,500

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ACQUISITIONS AND DIVESTITURES - Assets Acquired and Liabilities Assumed (Details) - CC&V - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2025	Feb. 28, 2025
Assets:
Trade and other receivables		$ 391
Inventories		195,993
Prepaids and other current assets		919
Mineral properties, plant and equipment		315,918
Total assets		513,221
Liabilities:
Accounts payable		13,236
Accrued and other liabilities		15,113
Reclamation liabilities		220,974
Deferred tax liabilities		19,700
Total liabilities		269,023
Total net assets		$ 244,198
Measurement period adjustments	$ 1,600

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ACQUISITIONS AND DIVESTITURES - Business Acquisition, Pro Forma Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Business Combination, Pro Forma Information [Line Items]
CC&V transaction and integration costs	$ 4,958	$ 0	$ 11,753	$ 0
CC&V
Business Combination, Pro Forma Information [Line Items]
Revenue		263,807	810,231	553,695
Net income attributable to SSR Mining shareholders		$ 40,527	$ 184,213	$ (227,197)

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OPERATING SEGMENTS - Narrative (Details) - segment	6 Months Ended	12 Months Ended
	Jun. 30, 2025	Dec. 31, 2024
Segment Reporting [Abstract]
Number of reportable segments	5	4
Number of operating segments	5

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OPERATING SEGMENTS - Disaggregation of Segments (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2025		Jun. 30, 2024	Jun. 30, 2025		Jun. 30, 2024	Dec. 31, 2024	[2]
Segment Reporting Information [Line Items]
Revenue		$ 405,455		$ 184,841	$ 722,073		$ 415,075
Cost of sales	[1]	162,948		96,582	299,589		222,483
Depreciation, depletion, and amortization		26,237		23,011	56,850		61,409
General and administrative expense		26,634		13,452	50,529		26,313
Exploration and evaluation		6,803		11,255	13,668		21,486
Reclamation and remediation costs		69,850		2,414	74,170		277,732
Impairment charges of long-lived and other assets		0		0	0		114,230
Care and maintenance		37,727		30,556	73,522		44,965
Other operating expense (income), net		(33,629)		(3,149)	(22,031)		12,161
Operating income (loss)		108,885		10,720	175,776		(365,704)
Interest expense		(4,227)		(2,105)	(7,596)		(6,760)
Interest income		3,023		3,505	6,020		9,801
Other income (expense)		3,184		1,463	6,510		(1,066)
Foreign exchange gain (loss)		(10,193)		876	(16,245)		(37)
Income (loss) before income and mining taxes		100,672		14,459	164,465		(363,766)
Capital expenditures		62,470		36,333	106,281		72,569
Total assets		5,795,877	[2]	5,175,554	5,795,877	[2]	5,175,554	$ 5,189,020
Operating Segments
Segment Reporting Information [Line Items]
Revenue		405,455		184,841	722,073		415,075
Cost of sales		162,948		96,582	299,589		222,483
Depreciation, depletion, and amortization		26,124		23,011	56,626		61,409
General and administrative expense		0		0	0		0
Exploration and evaluation		5,524		10,124	11,344		18,873
Reclamation and remediation costs		69,850		2,414	74,170		277,732
Impairment charges of long-lived and other assets							114,230
Care and maintenance		37,727		30,556	73,522		44,965
Other operating expense (income), net		(40,599)		3,537	(37,438)		18,852
Operating income (loss)		143,881		18,617	244,260		(343,469)
Interest expense		(2,519)		(831)	(4,201)		(3,361)
Interest income		1,966		2,210	4,340		7,254
Other income (expense)		3,903		1,508	7,550		(1,225)
Foreign exchange gain (loss)		(4,979)		2,847	(8,872)		3,230
Income (loss) before income and mining taxes		142,252		24,351	243,077		(337,571)
Capital expenditures		46,300		27,351	77,190		55,455
Total assets		4,715,331		4,233,453	4,715,331		4,233,453
Operating Segments | Çöpler
Segment Reporting Information [Line Items]
Revenue		0		0	0		48,571
Cost of sales		0		0	0		24,423
Depreciation, depletion, and amortization		0		0	0		9,831
General and administrative expense		0		0	0		0
Exploration and evaluation		347		298	769		1,072
Reclamation and remediation costs		63,541		493	64,156		273,890
Impairment charges of long-lived and other assets							114,230
Care and maintenance		36,714		30,556	72,509		44,965
Other operating expense (income), net		(41,843)		2,375	(39,265)		17,684
Operating income (loss)		(58,759)		(33,722)	(98,169)		(437,524)
Interest expense		(1,642)		(831)	(3,219)		(3,361)
Interest income		0		(1,005)	0		15
Other income (expense)		202		(808)	246		(205)
Foreign exchange gain (loss)		402		1,290	302		(1,083)
Income (loss) before income and mining taxes		(59,797)		(35,076)	(100,840)		(442,158)
Capital expenditures		247		3,586	738		10,127
Total assets		2,642,739		2,736,138	2,642,739		2,736,138
Direct costs		21,800		17,300	42,400		25,000
Depreciation		14,900		13,300	30,100		20,000
Operating Segments | Marigold
Segment Reporting Information [Line Items]
Revenue		118,786		60,873	235,966		137,560
Cost of sales		56,376		39,237	115,102		88,308
Depreciation, depletion, and amortization		8,228		5,745	16,941		13,184
General and administrative expense		0		0	0		0
Exploration and evaluation		1,824		3,971	2,515		8,065
Reclamation and remediation costs		806		724	1,610		1,448
Impairment charges of long-lived and other assets							0
Care and maintenance		0		0	0		0
Other operating expense (income), net		313		451	656		458
Operating income (loss)		51,239		10,745	99,142		26,096
Interest expense		0		0	0		0
Interest income		756		1,717	2,356		3,611
Other income (expense)		(246)		(19)	(459)		(499)
Foreign exchange gain (loss)		0		(8)	0		(8)
Income (loss) before income and mining taxes		51,749		12,435	101,039		29,200
Capital expenditures		18,841		13,096	34,091		15,527
Total assets		818,746		801,572	818,746		801,572
Operating Segments | CC&V
Segment Reporting Information [Line Items]
Revenue		149,965			184,837
Cost of sales		50,003			67,968
Depreciation, depletion, and amortization		2,784			3,288
General and administrative expense		0			0
Exploration and evaluation		(195)			0
Reclamation and remediation costs		3,887			5,171
Care and maintenance		0			0
Other operating expense (income), net		630			634
Operating income (loss)		92,856			107,776
Interest expense		0			0
Interest income		0			0
Other income (expense)		0			0
Foreign exchange gain (loss)		0			0
Income (loss) before income and mining taxes		92,856			107,776
Capital expenditures		14,427			15,820
Total assets		534,551			534,551
Operating Segments | Seabee
Segment Reporting Information [Line Items]
Revenue		34,540		35,386	110,842		94,513
Cost of sales		18,473		17,275	41,604		41,708
Depreciation, depletion, and amortization		6,921		9,477	20,425		24,690
General and administrative expense		0		0	0		0
Exploration and evaluation		2,743		5,190	6,883		8,736
Reclamation and remediation costs		336		334	672		668
Impairment charges of long-lived and other assets							0
Care and maintenance		1,013		0	1,013		0
Other operating expense (income), net		98		6	98		6
Operating income (loss)		4,956		3,104	40,147		18,706
Interest expense		0		0	0		0
Interest income		303		1,397	731		3,058
Other income (expense)		(7)		9	(15)		1
Foreign exchange gain (loss)		854		182	746		180
Income (loss) before income and mining taxes		6,106		4,692	41,609		21,945
Capital expenditures		8,762		7,119	20,564		22,892
Total assets		355,909		411,838	355,909		411,838
Direct costs		200			200
Depreciation		800			800
Operating Segments | Puna
Segment Reporting Information [Line Items]
Revenue		102,164		88,582	190,428		134,431
Cost of sales		38,096		40,070	74,915		68,044
Depreciation, depletion, and amortization		8,191		7,789	15,972		13,704
General and administrative expense		0		0	0		0
Exploration and evaluation		805		665	1,177		1,000
Reclamation and remediation costs		1,280		863	2,561		1,726
Impairment charges of long-lived and other assets							0
Care and maintenance		0		0	0		0
Other operating expense (income), net		203		705	439		704
Operating income (loss)		53,589		38,490	95,364		49,253
Interest expense		(877)		0	(982)		0
Interest income		907		101	1,253		570
Other income (expense)		3,954		2,326	7,778		(522)
Foreign exchange gain (loss)		(6,235)		1,383	(9,920)		4,141
Income (loss) before income and mining taxes		51,338		42,300	93,493		53,442
Capital expenditures		4,023		3,550	5,977		6,909
Total assets		363,386		283,905	363,386		283,905
Corporate and Other
Segment Reporting Information [Line Items]
Revenue		0		0	0		0
Cost of sales		0		0	0		0
Depreciation, depletion, and amortization		113		0	224		0
General and administrative expense		26,634		13,452	50,529		26,313
Exploration and evaluation		1,279		1,131	2,324		2,613
Reclamation and remediation costs		0		0	0		0
Impairment charges of long-lived and other assets							0
Care and maintenance		0		0	0		0
Other operating expense (income), net		6,970		(6,686)	15,407		(6,691)
Operating income (loss)		(34,996)		(7,897)	(68,484)		(22,235)
Interest expense		(1,708)		(1,274)	(3,395)		(3,399)
Interest income		1,057		1,295	1,680		2,547
Other income (expense)		(719)		(45)	(1,040)		159
Foreign exchange gain (loss)		(5,214)		(1,971)	(7,373)		(3,267)
Income (loss) before income and mining taxes		(41,580)		(9,892)	(78,612)		(26,195)
Capital expenditures		16,170		8,982	29,091		17,114
Total assets		$ 1,080,546		$ 942,101	$ 1,080,546		$ 942,101

[1] Excludes depreciation, depletion, and amortization.

[2] The consolidated assets as of June 30, 2025 and December 31, 2024 include $3,426.6 million and $3,426.1 million, respectively, of assets of variable interest entities (“VIEs”) that can only be used to settle the obligations of the VIEs. As of June 30, 2025 and December 31, 2024, the assets include Cash and cash equivalents of $17.0 million and $17.5 million, respectively; Trade and other receivables of $3.7 million and $2.6 million, respectively; Inventories, current of $58.5 million and $59.2 million, respectively; Prepaids and other current assets of $11.4 million and $3.7 million, respectively; Mineral properties, plant and equipment, net of $3,087.4 million and $3,089.5 million, respectively; Inventories, non-current of $245.3 million and $246.5 million, respectively; and Other non-current assets of $3.3 million and $7.2 million, respectively. The consolidated liabilities as of June 30, 2025 and December 31, 2024 include $563.2 million and $538.4 million, respectively, of liabilities of VIEs whose creditors have no recourse to the Company. As of June 30, 2025 and December 31, 2024, the liabilities include Accounts payable of $8.4 million and $8.5 million, respectively; Accrued liabilities and other of $26.2 million and $23.5 million, respectively; Reclamation and remediation liabilities, current of $21.2 million and $33.1 million, respectively; Finance lease liabilities, non-current of $78.9 million and $81.4 million, respectively; Reclamation and remediation liabilities, non-current of $219.9 million and $155.0 million, respectively; Deferred income tax liabilities of $175.2 million and $197.7 million, respectively; and Other non-current liabilities of $33.4 million and $39.4 million, respectively.

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REVENUE - Revenue by Product (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Disaggregation of Revenue [Line Items]
Revenue	$ 405,455	$ 184,841	$ 722,073	$ 415,075
Gold doré sales | Çöpler
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	48,226
Gold doré sales | Marigold
Disaggregation of Revenue [Line Items]
Revenue	118,753	60,835	235,895	137,498
Gold doré sales | CC&V
Disaggregation of Revenue [Line Items]
Revenue	149,464	0	110,802	0
Gold doré sales | Seabee
Disaggregation of Revenue [Line Items]
Revenue	34,525	35,372	184,123	94,474
Concentrate sales | Puna
Disaggregation of Revenue [Line Items]
Revenue	100,151	82,846	186,844	131,218
Other | Çöpler
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	345
Other | Marigold
Disaggregation of Revenue [Line Items]
Revenue	33	38	71	62
Other | CC&V
Disaggregation of Revenue [Line Items]
Revenue	501	0	40	0
Other | Seabee
Disaggregation of Revenue [Line Items]
Revenue	15	14	3,584	39
Other | Puna
Disaggregation of Revenue [Line Items]
Revenue	$ 2,013	$ 5,736	$ 714	$ 3,213

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REVENUE - Revenue by Metal (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Disaggregation of Revenue [Line Items]
Revenue	$ 405,455	$ 184,841	$ 722,073	$ 415,075
Gold
Disaggregation of Revenue [Line Items]
Revenue	302,742	96,207	530,820	280,198
Silver
Disaggregation of Revenue [Line Items]
Revenue	87,210	69,276	162,485	108,610
Lead
Disaggregation of Revenue [Line Items]
Revenue	11,430	11,907	22,481	20,369
Zinc
Disaggregation of Revenue [Line Items]
Revenue	1,511	1,663	1,878	2,239
Other
Disaggregation of Revenue [Line Items]
Revenue	$ 2,562	$ 5,788	$ 4,409	$ 3,659

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REVENUE - Narrative (Details) - Concentrate Metal Sales Agreement oz in Millions, lb in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2025 USD ($) $ / ounce $ / pound	Jun. 30, 2024 USD ($)	Jun. 30, 2025 USD ($) lb oz $ / ounce $ / pound	Jun. 30, 2024 USD ($)
Disaggregation of Revenue [Line Items]
Embedded derivative, increase of value | $	$ 2.0	$ 5.7	$ 3.6	$ 3.2
Silver
Disaggregation of Revenue [Line Items]
Notional ounce/pound | oz			5.1
Average price per ounce/pound (in dollars per ounce/pound) | $ / ounce	33.97		33.97
Lead
Disaggregation of Revenue [Line Items]
Notional ounce/pound | lb			24.8
Average price per ounce/pound (in dollars per ounce/pound) | $ / pound	0.89		0.89
Zinc
Disaggregation of Revenue [Line Items]
Notional ounce/pound | lb			1.6
Average price per ounce/pound (in dollars per ounce/pound) | $ / pound	1.22		1.22

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RECLAMATION AND REMEDIATION LIABILITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2025	Jun. 30, 2024
Asset Retirement Obligation [Line Items]
Reclamation and remediation costs	$ 69,850	$ 2,414		$ 74,170	$ 277,732
Incurred remediation costs			$ 272,900
Changes in estimates				62,927	11,054
Total reclamation costs
Asset Retirement Obligation [Line Items]
Reclamation and remediation costs	16,293	2,414		20,609	16,058
Reclamation adjustments and other	9,419	0		9,419	11,229
Changes in estimates				9,420	11,054
Total remediation costs
Asset Retirement Obligation [Line Items]
Reclamation and remediation costs	53,557	0		53,561	261,674
Reclamation adjustments and other	53,557	$ 0		53,561	261,674
Changes in estimates				53,507	$ 0
Çöpler Incident
Asset Retirement Obligation [Line Items]
Incurred remediation costs			22,500
Reclamation adjustments and other	62,900
Changes in estimates				12,900
Çöpler Incident | Total reclamation costs
Asset Retirement Obligation [Line Items]
Reclamation adjustments and other	$ 9,400
Changes in estimates				9,400
Çöpler Incident | Total remediation costs
Asset Retirement Obligation [Line Items]
Changes in estimates				$ 53,500
Çöpler Incident | Minimum
Asset Retirement Obligation [Line Items]
Reclamation and remediation costs			250,000
Çöpler Incident | Maximum
Asset Retirement Obligation [Line Items]
Reclamation and remediation costs			$ 300,000

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RECLAMATION AND REMEDIATION LIABILITIES - Reclamation and Remediation Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024	Dec. 31, 2024
Reclamation Liabilities [Roll Forward]
Balance as of January 1			$ 345,837	$ 173,819
Additions			220,974	261,674
Changes in estimate and other			62,927	11,054
Expenditures			(12,684)	(77,873)
Accretion expense			11,190	4,829
Balance as of June 30	$ 628,244	$ 373,503	628,244	373,503
Less: current  portion	(32,336)	(143,537)	(32,336)	(143,537)	$ (33,166)
Non-current reclamation and remediation liabilities	595,908	229,966	595,908	229,966	$ 312,671
Çöpler Incident
Reclamation Liabilities [Roll Forward]
Changes in estimate and other			12,900
Reclamation
Reclamation Liabilities [Roll Forward]
Balance as of January 1			209,923	173,819
Additions			220,974	0
Changes in estimate and other			9,420	11,054
Expenditures			(2,506)	(663)
Accretion expense	6,874	2,414	11,190	4,829
Balance as of June 30	449,001	189,039	449,001	189,039
Less: current  portion	(14,404)	(6,784)	(14,404)	(6,784)
Non-current reclamation and remediation liabilities	434,597	182,255	434,597	182,255
Reclamation | Çöpler Incident
Reclamation Liabilities [Roll Forward]
Changes in estimate and other			9,400
Remediation
Reclamation Liabilities [Roll Forward]
Balance as of January 1			135,914	0
Additions			0	261,674
Changes in estimate and other			53,507	0
Expenditures			(10,178)	(77,210)
Accretion expense			0	0
Balance as of June 30	179,243	184,464	179,243	184,464
Less: current  portion	(17,932)	(136,753)	(17,932)	(136,753)
Non-current reclamation and remediation liabilities	$ 161,311	$ 47,711	161,311	$ 47,711
Remediation | Çöpler Incident
Reclamation Liabilities [Roll Forward]
Changes in estimate and other			$ 53,500

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RECLAMATION AND REMEDIATION LIABILITIES - Reclamation and Remediation Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Asset Retirement Obligation [Line Items]
Reclamation accretion			$ 11,190	$ 4,829
Total reclamation and remediation costs	$ 69,850	$ 2,414	74,170	277,732
Total reclamation costs
Asset Retirement Obligation [Line Items]
Reclamation adjustments and other	9,419	0	9,419	11,229
Reclamation accretion	6,874	2,414	11,190	4,829
Total reclamation and remediation costs	16,293	2,414	20,609	16,058
Total remediation costs
Asset Retirement Obligation [Line Items]
Reclamation adjustments and other	53,557	0	53,561	261,674
Reclamation accretion			0	0
Total reclamation and remediation costs	$ 53,557	$ 0	$ 53,561	$ 261,674

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IMPAIRMENT OF LONG-LIVED AND OTHER ASSETS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Finite-Lived Intangible Assets [Line Items]
Impairment charges of long-lived and other assets	$ 0	$ 0	$ 0
Operating Segments | Çöpler
Finite-Lived Intangible Assets [Line Items]
Impairment charges of long-lived and other assets				$ 114,200,000
Operating Segments | Çöpler | Inventories
Finite-Lived Intangible Assets [Line Items]
Impairment charges of long-lived and other assets				76,000,000
Operating Segments | Çöpler | Mineral Properties, Plant and Equipment
Finite-Lived Intangible Assets [Line Items]
Impairment charges of long-lived and other assets				$ 38,200,000

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OTHER OPERATING EXPENSE (INCOME), NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Other Income and Expenses [Abstract]
CC&V transaction and integration costs	$ 4,958	$ 0	$ 11,753	$ 0
Loss (gain) on sale and disposal of assets, net	411	(5,599)	755	(5,599)
Change in fair value of contingent consideration	2,013	0	3,654	0
Contingencies and expenses related to the Çöpler Incident	2,298	2,363	3,862	17,673
Insurance proceeds received related to the Çöpler Incident	(44,409)	0	(44,409)	0
Other taxes	470	0	1,721	0
Other	630	87	633	87
Total	$ (33,629)	$ (3,149)	$ (22,031)	$ 12,161

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OTHER INCOME (EXPENSE) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Other Income and Expenses [Abstract]
Interest income	$ 3,023	$ 3,505	$ 6,020	$ 9,801
Gain (loss) on investments and on marketable security sales	6,855	7,055	12,006	8,232
Change in fair value of marketable securities	(2,065)	(3,602)	(3,721)	(6,419)
Other	(1,606)	(1,990)	(1,775)	(2,879)
Total	$ 6,207	$ 4,968	$ 12,530	$ 8,735

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INCOME AND MINING TAXES (Details)	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, rate (as a percent)	(17.90%)	(2.30%)
Effective income tax rate reconciliation, statutory rate (as a percent)	27.00%

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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				6 Months Ended
	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2025	Jun. 30, 2024
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ 80,362	$ 54,446	$ 2,464	$ (358,162)	$ 134,808	$ (355,698)
Net (income) loss attributable to non-controlling interest	9,713		7,229		14,048	78,309
Net income (loss) attributable to SSR Mining shareholders	90,075		9,693		148,856	(277,389)
Interest saving on 2019 Notes, net of tax	1,247		0		2,479	0
Net income (loss) used in the calculation of diluted net income per share	$ 91,322		$ 9,693		$ 151,335	$ (277,389)
Weighted average number of common shares issued (in shares)	202,774		202,133		202,598	202,244
Adjustments for dilutive instruments, convertible notes (in shares)	12,995		0		12,981	0
Diluted weighted average number of shares outstanding (in shares)	216,989		202,407		216,691	202,244
Net income (loss) per share attributable to SSR Mining shareholders
Basic (in dollars per share)	$ 0.44		$ 0.05		$ 0.73	$ (1.37)
Diluted (in dollars per share)	$ 0.42		$ 0.05		$ 0.70	$ (1.37)
Restricted share units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Adjustments for dilutive instruments (in shares)	1,220		274		1,112	0

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INCOME (LOSS) PER SHARE - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Interest saving on convertible notes, net of tax	$ 1.2	$ 2.5
Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	13,210,000,000	13,339,000,000
Restricted Share Units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)		417,000,000

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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Assets:
Cash	$ 412,104	$ 387,882
Marketable securities	43,477	34,631
Trade receivables from provisional sales, net	72,447	78,687
Deferred consideration	26,816	26,383
Total assets	554,844	527,583
Liabilities:
Contingent consideration liabilities	169,626	29,642
Other	3	68
Total liabilities	169,629	29,710
Level 1
Assets:
Cash	412,104	387,882
Marketable securities	43,477	34,631
Trade receivables from provisional sales, net	0	0
Deferred consideration	0	0
Total assets	455,581	422,513
Liabilities:
Contingent consideration liabilities	0	0
Other	0	0
Total liabilities	0	0
Level 2
Assets:
Cash	0	0
Marketable securities	0	0
Trade receivables from provisional sales, net	72,447	78,687
Deferred consideration	0	0
Total assets	72,447	78,687
Liabilities:
Contingent consideration liabilities	0	0
Other	3	68
Total liabilities	3	68
Level 3
Assets:
Cash	0	0
Marketable securities	0	0
Trade receivables from provisional sales, net	0	0
Deferred consideration	26,816	26,383
Total assets	26,816	26,383
Liabilities:
Contingent consideration liabilities	169,626	29,642
Other	0	0
Total liabilities	$ 169,626	$ 29,642

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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - Fair Value of Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Deferred consideration assets:
Balance as of January 1	$ 26,383	$ 21,213
Revaluations	1,683	1,536
Additions	0	2,378
Collections	(1,250)	0
Balance as of June 30	26,816	25,127
Contingent consideration liabilities:
Balance as of January 1	29,642	29,648
Revaluations	4,522	(238)
Additions	135,462	0
Balance as of June 30	$ 169,626	$ 29,410

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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - Debt (Details) - 2019 Notes - Level 1 - Convertible Senior Notes - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Carrying amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 229,092	$ 228,572
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 238,790	$ 220,292

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TRADE AND OTHER RECEIVABLES (Details) - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Receivables [Abstract]
Trade receivables	$ 73,994,000	$ 84,239,000
Value added tax receivables	17,926,000	19,939,000
Income tax receivable	1,811,000	4,626,000
Other taxes receivable	20,600,000	13,479,000
Other	2,723,000	2,155,000
Total	117,054,000	124,438,000
Provision for credit loss	$ 0	$ 0

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INVENTORIES - Components of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Inventory [Line Items]
Work-in-process	$ 8,777	$ 3,850
Finished goods	18,995	20,745
Total current inventories	568,743	464,074
Inventories	459,949	291,212
Materials and supplies
Inventory [Line Items]
Raw materials	135,854	113,752
Stockpiled ore
Inventory [Line Items]
Raw materials	77,978	72,561
Inventories	245,288	246,536
Leach pad inventory
Inventory [Line Items]
Raw materials	327,139	253,166
Inventories	$ 214,661	$ 44,676

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INVENTORIES - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Inventory [Line Items]
Write-downs of inventory	$ 0		$ 0
Impairment charges of long-lived and other assets	$ 0	$ 0	$ 0	$ 114,230,000
Leach pad inventory | Çöpler
Inventory [Line Items]
Impairment charges of long-lived and other assets		$ 76,000,000.0		$ 76,000,000.0

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MINERAL PROPERTIES, PLANT AND EQUIPMENT, NET - Components of Mineral Properties, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	$ 5,679,063	$ 5,271,727
Accumulated depreciation, plant and equipment	(865,693)	(804,411)
Accumulated depletion, mineral properties	(713,258)	(684,449)
Mineral properties, plant, and equipment, net	4,100,112	3,782,867
Finance lease, right-of-use asset, before accumulated amortization	75,800	78,900
Plant and equipment
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	2,052,397	1,883,193
Construction in process
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	180,436	135,594
Mineral properties subject to depletion
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	2,304,787	2,114,765
Mineral properties not yet subject to depletion
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	894,279	884,029
Exploration and evaluation assets
Property, Plant and Equipment [Line Items]
Total mineral properties, plant, and equipment	$ 247,164	$ 254,146

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MINERAL PROPERTIES, PLANT AND EQUIPMENT, NET - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charges	$ 0	$ 0	$ 0
Çöpler
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charges				$ 38,200,000

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ACCRUED LIABILITIES AND OTHER (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Payables and Accruals [Abstract]
Accrued liabilities	$ 86,938	$ 71,776
Royalties payable	14,321	17,017
Stock-based compensation liabilities	14,068	6,469
Income taxes payable	47,341	41,077
Lease liabilities	$ 2,062	$ 1,657
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total accrued liabilities and other	Total accrued liabilities and other
Other	$ 1,524	$ 1,385
Total accrued liabilities and other	$ 166,254	$ 139,381

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DEBT - Debt Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Nonrelated Party
Debt Instrument [Line Items]
Current Portion	$ 229,092	$ 0
Non-Current Portion	0	228,572
2019 Notes | Convertible Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	229,092	228,572
Discount and debt issuance costs	$ 900	$ 1,400

XML

DEBT - Narrative (Details)	6 Months Ended
	Jun. 30, 2025 day
2019 Notes | Convertible Senior Notes
Debt Instrument [Line Items]
Convertible, threshold trading days	20

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EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	6 Months Ended
	Jun. 16, 2023	Mar. 31, 2024	Jun. 30, 2024
Equity, Class of Treasury Stock [Line Items]
Repurchase of common shares		$ 9,825
Retained Earnings
Equity, Class of Treasury Stock [Line Items]
Repurchase of common shares		$ (6,577)
Common Shares
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, repurchase of common shares (in shares)		1,117,000
Repurchase of common shares		$ 16,402
Normal Course Issuer Bid
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, common shares authorized to be repurchased (in shares)	10,200,000
Stock repurchase program, period in force	12 months
Stock repurchase program, repurchase of common shares (in shares)			1,117,100
Stock repurchased and retired during period, cost per share (in dollars per share)			$ 8.79
Stock repurchase program, stock repurchased during period			$ 9,800
Normal Course Issuer Bid | Retained Earnings
Equity, Class of Treasury Stock [Line Items]
Repurchase of common shares			16,400
Normal Course Issuer Bid | Common Shares
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, stock repurchased during period			$ 6,600

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SUPPLEMENTAL CASH FLOW INFORMATION - Operating Assets and Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Decrease (increase) in operating assets:
Trade and other receivables	$ 1,797	$ 29,694
Inventories	(64,229)	(78,539)
Other operating assets	7,074	6,381
Increase (decrease) in operating liabilities:
Accounts payable	(4,715)	(13,135)
Accrued liabilities and other	2,683	(6,750)
Other operating liabilities	(934)	(114)
Net change in operating assets and liabilities	$ (58,324)	$ (62,463)

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SUPPLEMENTAL CASH FLOW INFORMATION - Other Cash Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Supplemental Cash Flow Information [Abstract]
Interest paid			$ (3,898)	$ (3,735)
Interest received			6,020	9,216
Income taxes paid			(37,450)	(21,558)
Insurance proceeds received related to the Çöpler Incident	$ 44,409	$ 0	$ 44,409	$ 0

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RELATED PARTY TRANSACTIONS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024	Dec. 31, 2024
Related Party Transaction [Line Items]
Repayments of debt			$ 0	$ 920,000
Related Party
Related Party Transaction [Line Items]
Debt	$ 30,689,000		30,689,000		$ 17,789,000
Current portion of debt	11,000,000		11,000,000		$ 11,000,000
Related Party | Lydia Mines | Calik Holding
Related Party Transaction [Line Items]
Ownership percentage by parent (as a percent)					100.00%
Line of Credit | Related Party Line of Credit | Related Party
Related Party Transaction [Line Items]
Interest rate, stated (as a percent)					10.00%
Repayments of debt			0
Interest expense, debt	$ 300,000	$ 0	$ 600,000	0
Hod Maden | Unsecured Debt | Related Party Loan | Related Party
Related Party Transaction [Line Items]
Interest rate, stated (as a percent)	4.00%		4.00%
Debt instrument, term			5 years
Face amount	$ 48,400,000		$ 48,400,000
Debt	30,700,000		30,700,000
Repayments of debt			0
Interest expense, debt	$ 400,000	$ 200,000	$ 800,000	$ 300,000

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COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Surety Bond
Loss Contingencies [Line Items]
Environmental bonding obligation, outstanding	$ 482.4	$ 153.0