SSR Mining Reports Third Quarter 2026 Results

DENVER--(BUSINESS WIRE)--SSR Mining Inc. (Nasdaq/TSX: SSRM) ("SSR Mining" or the “Company") reports consolidated financial results for the third quarter ended September 30, 2026. In addition, the Board of Directors declared a quarterly cash dividend of $0.03 per common share payable on December 11, 2026, to holders of record at the close of business on November 13, 2026. This dividend qualifies as an 'eligible dividend' for Canadian tax purposes.

• Consolidated operating results from continuing operations: Third quarter 2026 production was 103,585 gold equivalent ounces at consolidated cost of sales of $1,755 per payable ounce and all-in sustaining costs (“AISC”) of $2,527 per payable ounce.^(1,2) In the first nine months of 2026, the Company produced 315,459 gold equivalent ounces at consolidated cost of sales of $1,751 per payable ounce and AISC of $2,523 per payable ounce. Year-to-date results remain aligned with full-year 2026 production guidance of 450,000 to 535,000 gold equivalent ounces and the Company’s expectations of strong fourth quarter results. At Puna, the Company continues to identify additional ore that supports potential mine life extension, resulting in resequencing that defers lower-cost production from stockpiled ore that was planned to be processed in 2026. This decision, combined with higher royalty costs, persistent diesel price pressures and broader labor and input cost inflation, is expected to result in full-year AISC trending approximately 10% above the upper end of the Company’s 2026 guidance.
• Financial results from continuing operations: In the third quarter of 2026, SSR Mining reported net income attributable to SSR Mining shareholders of $94.8 million, or $0.46 per diluted share, and adjusted net income attributable to SSR Mining shareholders of $130.7 million, or $0.64 per diluted share. In the third quarter of 2026, operating cash flow was $106.0 million and free cash flow was $5.8 million. Third quarter operating cash flow before changes in working capital was $211.0 million, and free cash flow before changes in working capital was $110.8 million. Over the first three quarters of 2026, operating cash flow and operating cash flow before working capital changes totaled $526.5 million and $707.9 million, respectively, while free cash flow and free cash flow before changes in working capital were $304.9 million and $486.4 million, respectively.
• Cash and liquidity position: As of September 30, 2026, SSR Mining had a cash and cash equivalent balance of $1.6 billion and no outstanding long-term debt. Total liquidity, inclusive of the Company’s undrawn $600 million revolving credit facility, was $2.2 billion.
• Capital Returns: In the third quarter of 2026, SSR Mining completed $193.6 million in share buybacks through the repurchase of 6.2 million shares. In the first nine months of 2026 share buybacks totaled approximately 16.6 million shares or more than $530 million. Additionally, on September 11, 2026, the Company paid its first quarterly dividend of 2026 to shareholders of record on August 14, 2026. Total capital returns, inclusive of share buybacks over the first nine months of the year and the third quarter dividend, represent an effective yield of approximately 10% for 2026.
• Completed strategic repositioning to the Americas: 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. This transaction, combined with the Company’s divestment of its ownership in the Çöpler mine in the second quarter of 2026, completed SSR Mining’s strategic repositioning to a free-cash-flow-focused Americas gold and silver producer anchored by its long-lived Marigold and CC&V operations in the United States.
• Updated Marigold Technical Report Summary: On October 13, 2026, the Company announced an updated Technical Report Summary ("TRS") for the Marigold Complex ("2026 Marigold TRS") in Nevada, USA with a $3.3 billion NPV_5% and a more than 50% increase in total gold production over the prior life of mine plan. The 2026 Marigold TRS includes 4.6 million ounces of gold Mineral Reserves supporting a 20-year mine life and significant potential for future growth.
• Accretive Acquisition of Roxmore Resources: On October 13, 2026, SSR Mining announced an agreement for the all-cash acquisition of Roxmore Resources and its multi-million-ounce Converse Gold Project adjacent to the Company’s Marigold Complex. Converse has the potential to add 150,000 to 170,000 ounces of annual gold production to SSR Mining’s U.S. platform, with first production targeted for 2033. The acquisition is subject to the satisfaction of customary closing conditions, including court approval, and is expected to be completed in the fourth quarter of 2026.
• 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 capital intensity, high-return development opportunities and have the potential to meaningfully extend the mine lives at each asset. Earlier-stage exploration activity is also continuing across the Company’s more than 13,000-hectare land position in Nevada and at regional targets in Saskatchewan.

Rod Antal, Executive Chairman of SSR Mining, said, “Over the last few months, we have delivered a number of positive milestones designed to create long-term value for shareholders and affirm SSR Mining as a free-cash-flow-focused gold and silver producer in the Americas. This includes completing our exit from Türkiye with the Çöpler and Hod Maden divestments, delivering an improved, multi-decade mine plan for Marigold, and announcing an agreement to acquire the Converse Project in Nevada to further bolster our U.S. platform.

Operationally, we remain on track for full-year production guidance with steady third quarter results ahead of a strong fourth quarter. Although costs are trending approximately 10% above the top end of our original guidance ranges, we expect robust free cash flow into year-end.

Overall, we continue to see significant latent value in our share price. Our consistent and ongoing activity on the share buyback program should demonstrate our confidence in this upside.”

Financial and Operating Summary

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

Marigold, USA

For the three months ended September 30, 2026, and 2025, Marigold produced 29,135 and 36,273 ounces of gold, respectively. For the nine months ended September 30, 2026, and 2025, Marigold produced 97,925 and 110,765 ounces of gold, respectively. During the third quarter of 2026, Marigold reported cost of sales of $1,986 per payable ounce and AISC of $2,714 per payable ounce.

As previously guided, full-year 2026 production at Marigold is strongly weighted to the fourth quarter. This production weighting reflects the recent completion of pumping upgrades driving increased leach pad solution flows, the stacking of higher-grade ore directly on liner at heap leach cell 23B, and planned inventory drawdown through the quarter.

Cripple Creek & Victor, USA

For the three months ended September 30, 2026, and 2025, Cripple Creek & Victor (“CC&V”) produced 31,567 and 29,821 ounces of gold, respectively. For the nine months ended September 30, 2026, and 2025, CC&V produced 97,590 and 85,165 ounces of gold, respectively. During the third quarter of 2026, CC&V reported cost of sales of $1,558 per payable ounce and AISC of $2,126 per payable ounce.

SSR Mining continues to evaluate opportunities to improve the longer-term production 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 September 30, 2026, and 2025, Seabee produced 15,949 and 9,118 ounces of gold, respectively. For the nine months ended September 30, 2026, and 2025, Seabee produced 39,052 and 46,117 ounces of gold, respectively. During the third quarter of 2026, Seabee reported cost of sales of $1,507 per payable ounce and AISC of $2,094 per payable ounce. Third quarter operating results included scheduled downtime in the Seabee process plant. This planned maintenance was deferred from the second quarter of 2026, and no further scheduled maintenance is expected before year-end.

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.

Puna, Argentina

For the three months ended September 30, 2026, and 2025, Puna produced 1.7 and 2.4 million ounces of silver, respectively. For the nine months ended September 30, 2026, and 2025, Puna produced 5.1 and 7.8 million ounces of silver, respectively. During the third quarter of 2026, Puna reported cost of sales of $29.58 per payable ounce and AISC of $25.64 per payable ounce.

SSR Mining has continued to identify additional ore that supports potential mine life extension at Puna, resulting in resequencing that defers lower-cost production from stockpiled ore that was planned to be processed in 2026. This decision, combined with inflationary pressures in Argentina, is contributing to AISC at Puna trending above its full-year guidance range. Exploration and resource development drilling have also continued at the Cortaderas project, which represents a longer-term mine life extension opportunity for Puna.

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 September 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, November 3, 2026, at 5:00 pm EST.

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

Dividend Declaration

On November 3, 2026, the Board of Directors declared a quarterly cash dividend of $0.03 per common share, payable on December 11, 2026 to shareholders of record at the close of business on November 13, 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. In 2026, SSR Mining is expected to produce between 450,000 and 535,000 Gold Equivalent Ounces. The Company is headquartered in Denver, Colorado and is listed under the ticker symbol SSRM on the Nasdaq Stock Market and the Toronto Stock Exchange.

For more information, please visit: www.ssrmining.com.

Cautionary Note Regarding Forward-Looking Information and Statements:

Except for statements of historical fact relating to us, certain statements contained in this news release constitute forward-looking statements, forward-looking information, future oriented financial information, or financial outlooks (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information may be contained in this document and our other public filings.

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