SSR Mining Reports Second Quarter 2026 Results

DENVER--(BUSINESS WIRE)--SSR Mining Inc. (Nasdaq/TSX: SSRM) ("SSR Mining" or the “Company") reports consolidated financial results for the second quarter ended June 30, 2026. In addition, the Board of Directors declared a quarterly cash dividend of $0.03 per common share payable on September 11, 2026 to holders of record at the close of business on August 14, 2026. This dividend qualifies as an 'eligible dividend' for Canadian tax purposes.

• Consolidated operating results from continuing operations: Second quarter 2026 production was 101,959 gold equivalent ounces at consolidated cost of sales of $1,775 per payable ounce and all-in sustaining costs (“AISC”) of $2,622 per payable ounce.(1) In the first half of 2026, the Company produced 211,873 gold equivalent ounces at consolidated cost of sales of $1,749 per payable ounce and AISC of $2,521 per payable ounce. Year-to-date results are well aligned with full-year 2026 production guidance of 450,000 to 535,000 gold equivalent ounces and the Company’s expectations of a second-half weighted production profile. Full-year AISC is trending towards the top end of SSR Mining’s 2026 guidance, as the Company capitalizes on its strong liquidity position to accelerate capital investments in support of mine life extension initiatives across the portfolio.
• Financial results from continuing operations: In the second quarter of 2026, SSR Mining reported net income and adjusted net income attributable to SSR Mining shareholders of $137.0 million, or $0.66 per diluted share. In the second quarter of 2026, operating cash flow was $115.6 million and free cash flow was $50.3 million. In the first half of 2026, operating cash flow was $420.5 million and free cash flow was $299.1 million.
• Completed strategic refocus to the Americas: On June 24, 2026, SSR Mining closed the sale of its 80% ownership stake in the Çöpler mine and related properties in Türkiye (collectively, “Çöpler”) for approximately $1.49 billion in cash consideration. Subsequently, on July 17, 2026, the Company closed the sale of its 20% ownership stake in the Hod Maden development project (the "Hod Maden Project") for an uncapped 4.0% net smelter return royalty ("NSR") on 100% of the Hod Maden Project. These transactions completed SSR Mining’s strategic refocus to a free-cash-flow-focused Americas gold and silver producer anchored by its long-lived operations in the United States.
• Capital Returns: In the second quarter of 2026, SSR Mining completed a total of $337.8 million in share buybacks through the repurchase of 10.4 million shares. Year-to-date, SSR Mining has repurchased 12.9 million shares for a total of $409.2 million in capital returns, or an effective yield of nearly 8%. On June 15, 2026, the Company announced approvals for an additional $500 million for share repurchases, of which $109.2 million has been returned to shareholders to July 31, 2026. Additionally, on August 4, 2026, the Board declared a quarterly cash dividend of $0.03 per share to be paid on September 11, 2026. Since 2021, SSR Mining has returned nearly $900 million to shareholders through the repurchase of more than 32 million shares and over $170 million in dividends.
• Cash and liquidity position: As of June 30, 2026, SSR Mining had a cash and cash equivalent balance of $1,783.0 million and no long-term debt outstanding.
• Revolving credit facility extended: On July 31, 2026, SSR Mining amended its existing revolving credit facility (the “Facility”). The Facility now matures on July 31, 2030 and capacity was increased from $400 million to $600 million. Under the terms of the expanded Facility, amounts borrowed will incur variable interest at the Secured Overnight Financing Rate plus an applicable margin ranging from 1.75% to 2.5%, an improvement over the prior facility margin of 2.00% to 2.75%.
• Development & exploration in the Americas: SSR Mining continues to advance key brownfield organic growth projects across the portfolio, including Buffalo Valley at Marigold, Cortaderas at Puna, and Porky at Seabee. These projects represent low-cost, high-return development opportunities and have the potential to meaningfully extend the mine lives at each asset. On June 29, 2026, SSR Mining closed an approximately C$5 million strategic investment to acquire 9.9% of Phenom Resources Corp.’s (“Phenom”) outstanding shares on an undiluted basis. SSR Mining also entered into a Framework Agreement which grants SSR Mining the right to acquire a 15% interest in Phenom’s Dobbin Project in Nevada for an additional $4 million. Phenom has defined a more than 2 kilometer long and 200 meter wide gold-in-soil anomaly supported by strong chip sampling results across the target area. Exploration drilling to test for potential Carlin-style gold mineralization at the Dobbin project commenced early in the third quarter of 2026.

Rod Antal, Executive Chairman of SSR Mining, said, “We have now completed the strategic repositioning of our business to the Americas. Anchored by our long-lived Marigold and CC&V operations in the USA, our focus on delivering sustainable free cash flow and best-in-class capital returns is a clear differentiator amongst the peer group.

Operationally, our second quarter results were aligned with our expectations and have the business tracking well against full-year production guidance targets. As we have stated throughout the year, we expect a stronger second half of production and free cash flow across the portfolio.

I am pleased with SSR Mining’s current strategic position. We are actively returning capital to shareholders through continued buybacks and our reinstated dividend program, while delivering strong operating results and advancing organic growth initiatives to extend the mine lives at each of our operations. I look forward to a strong finish to 2026 as we reinforce our position as a leading mid-cap gold producer.”

Financial and Operating Summary

A summary of the Company's consolidated financial and operating results for the three and six months ended June 30, 2026 and June 30, 2025 are presented below:

Marigold, USA

For the three months ended June 30, 2026 and 2025, Marigold produced 31,059 and 35,906 ounces of gold, respectively. For the six months ended June 30, 2026 and 2025, Marigold produced 68,789 and 74,492 ounces of gold, respectively. During the second quarter of 2026, Marigold reported cost of sales of $1,980 per payable ounce and AISC of $3,044 per payable ounce.

Full-year production at Marigold remains strongly weighted to the second half as higher grades drive increased production, with approximately 65% of second half production expected in the fourth quarter. Full-year AISC at Marigold are trending towards the top-end of the Company’s 2026 guidance range, and sustaining capital is expected to remain elevated in the third quarter due to the timing of spend on fleet replacements and upgrades. 2026 growth capital guidance at Marigold has been increased from $48 million to $65 million as the Company plans to accelerate spend to facilitate longer-term growth, particularly at Buffalo Valley.

SSR Mining continues to advance growth initiatives across Marigold, including Buffalo Valley, with an updated life of mine plan expected by the end of 2026. Ongoing exploration and evaluation of other brownfield targets, including New Millennium, Marigold North, and DG80, continues as SSR Mining evaluates additional pathways for longer-term growth.

Cripple Creek & Victor, USA

For the three months ended June 30, 2026, and 2025, Cripple Creek & Victor (“CC&V”) produced 27,725 and 44,062 ounces of gold, respectively. For the six months ended June 30, 2026 and 2025, CC&V produced 66,023 and 55,344 ounces of gold, respectively. During the second quarter of 2026, CC&V reported cost of sales of $1,561 per payable ounce and AISC of $1,995 per payable ounce.

For the remainder of the year, CC&V's production is expected to be approximately 50 to 55% weighted to the fourth quarter. Full-year AISC at CC&V are expected to trend towards the top of the Company’s 2026 guidance range due to modest increases in sustaining capital spend on equipment components and general site improvement initiatives. Growth capital guidance in 2026 has been increased from $55 million to $60 million due to the timing of spend on the expansion of VLF2.

SSR Mining continues to evaluate opportunities to improve the longer-term production and cost profile at CC&V, including the potential for future Mineral Reserve conversion opportunities. As of year-end 2025, CC&V hosted 4.8 million ounces of Measured and Indicated gold resources and 2.0 million ounces of gold Inferred Mineral Resources in addition to 2.7 million ounces of gold Mineral Reserves.

Seabee, Canada

For the three months ended June 30, 2026 and 2025, Seabee produced 16,817 and 10,998 ounces of gold, respectively. For the six months ended June 30, 2026 and 2025, Seabee produced 23,103 and 36,999 ounces of gold, respectively. During the second quarter of 2026, Seabee reported cost of sales of $1,721 per payable ounce and AISC of $2,358 per payable ounce.

Seabee’s second half production is expected to be 55 to 60% weighted to the fourth quarter of 2026 due to higher grades, and the Company continues to trend towards the bottom-end of full-year production guidance. AISC in 2026 are expected at the top-end of the Company’s guidance range and are expected to be lowest in the fourth quarter. Sustaining capital spend is expected to be approximately equally weighted between the third and fourth quarters. Growth capital guidance for Seabee in 2026 has been increased from $15 million to $35 million to further advance the Porky West project in the second half of the year.

SSR Mining is continuing to advance exploration and resource development activities at both Santoy and Porky as potential avenues for Mineral Reserve growth and mine life extension. Near-mine drilling at Santoy is targeting higher grades at depth to further improve the production profile while the evaluation of Porky as a potential new mining front continues.

Puna, Argentina

For the three months ended June 30, 2026 and 2025, Puna produced 1.7 and 2.8 million ounces of silver, respectively. For the six months ended June 30, 2026 and 2025, Puna produced 3.4 and 5.4 million ounces of silver, respectively. During the second quarter of 2026, Puna reported cost of sales of $28.77 per payable ounce and AISC of $29.52 per payable ounce.

Production at Puna is expected to be relatively evenly split between the third and the fourth quarter of 2026. AISC in 2026 are expected to trend towards the top-end of the Company’s full-year guidance range largely due to inflationary pressures. Growth capital guidance for 2026 at Puna has been increased from $18 million to $20 million as SSR Mining plans to advance opportunities to extend operations at Chinchillas.

SSR Mining continues to evaluate a number of potential growth projects at Puna, including additional laybacks at the Chinchillas pit, potential new development at the Melina open pit target adjacent to Chinchillas, and continued advancement of the Cortaderas project.

Conference Call Information

This news release should be read in conjunction with the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the U.S. Securities and Exchange Commission (the “SEC”) and available on the SEC website at www.sec.gov or www.ssrmining.com.

• Conference call and webcast: Tuesday, August 4, 2026, at 5:00 pm EDT.

• The webcast will be available on our website. Audio replay will be available for two weeks by dialing:

Dividend Declaration

On August 4, 2026 the Board of Directors declared a quarterly cash dividend of $0.03 per common share, payable on September 11, 2026 to shareholders of record at the close of business on August 14, 2026.

This dividend is designated as an 'eligible dividend' for Canadian income tax purposes.

The dividend payment applies to holders of SSR Mining’s common shares, which trade on Nasdaq and the Toronto Stock Exchange under the symbol SSRM. Payments to Canadian shareholders will be made in Canadian dollars based on the exchange rate on the record date as reported by the Bank of Canada. Payments to other shareholders will be made in U.S. dollars and will be subject to applicable withholding taxes.

About SSR Mining

SSR Mining Inc. is a free-cash-flow-focused gold and silver mining company and the third-largest gold producer in the United States. SSR Mining has a diversified portfolio of operating, development and exploration assets across the Americas, including four operating mines in the USA, Canada, and Argentina.

E-Mail: invest@ssrmining.com
Phone: +1 (888) 338-0046