SSR Mining Inc. (SSRM) SEC Filings & Earnings Calls

Execution risk: Converse development not expected until early 2030s; long lead time

“Initial production targeted for 2033; no material capital spend until early 2030s”

Financing risk: All-cash transaction funded from balance sheet; may reduce liquidity

“SSR Mining will fund the cash component of the consideration from the Company’s current balance sheet” · word for word

Integration risk: Realizing $200M+ synergies depends on successful integration with Marigold

“Synergies of over $200 million uniquely available to SSR Mining” · word for word

AISC increased significantly at Marigold and CC&V, indicating cost pressure.

“Marigold AISC $3,044/oz vs $1,977/oz; CC&V AISC $1,995/oz vs $1,339/oz.”

Lower ore grades and production decline

“Gold production decreased 13.5% primarily due to lower gold grade stacked, partially offset by more ore tonnes stacked.” · word for word

Foreign exchange exposure (ARS)

“Foreign exchange loss for the three months ended June 30, 2026 was $18.3 million compared to $10.2 million for the three months ended June 30, 2025.” · word for word

Discontinued operations losses

“Net loss from discontinued operations for the six months ended June 30, 2026 was $410.4 million compared to $81.7 million for the six months ended June 30, 2025.” · word for word

AISC trending to top end of guidance due to accelerated capital investments.

“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.” · word for word

Covenants include Interest Coverage Ratio of 3.00x, Net Leverage Ratio of 4.00x, Senior Secured Leverage Ratio of 3.00x.

“require the Company to maintain an Interest Coverage Ratio of 3.00 to 1.00, a Net Leverage Ratio of 4.00 to 1.00 and a Senior Secured Leverage Ratio of 3.00 to 1.00 while any Permitted Notes are outstanding.” · word for word

Seabee production decline

“Gold production decreased 75.8% primarily due to 66.7% lower mill feed grade and fewer ore tonnes milled.” · word for word

Çöpler divestiture impairment

“The increase in net loss from discontinued operations was primarily due to a write-down of $338.2 million related to adjusting the Çöpler disposal group to fair value less costs to sell.” · word for word

Çöpler sale execution risk

“Sale expected to close before end of Q3 2026; subject to regulatory approvals.”

Hod Maden strategic review uncertainty

“Interest in Hod Maden remains under strategic review; minimal capital costs expected.”

Transaction subject to regulatory approval from Turkish authorities; closing risk.

“Closing subject to receipt of regulatory approval from the Turkish General Directorate of Mining and Petroleum Affairs.”

Çöpler mine shutdown continues

“the continued shutdown of Çöpler” · word for word

Safety performance at one site unacceptable

“although one of the Company’s sites continued to experience unacceptable performance and was the primary driver of missing the TRIFR target” · word for word

Inflationary pressures persist

“While inflationary pressures persisted across the industry” · word for word

Transaction subject to regulatory approval from Turkish authorities; due diligence on mineral reserves

“Closing subject to receipt of regulatory approval from Turkish General Directorate of Mining and Petroleum Affairs; Cengiz Holding's obligation subject to satisfactory completion of limited due diligence related to mineral reserves and resources”

Potential dilution from conversion of notes into common shares.

“Conversion rate of 56.7931 common shares per $1,000 principal; up to ~12.9M shares if fully converted.”

Çöpler site remains in care & maintenance with ongoing remediation costs; AISC expected to rise in 2026.

“Exclusive of Care & Maintenance costs at Çöpler, 2026 AISC would be $2,180-$2,260/oz; $149.3M spent on remediation since Feb 2024.” · word for word

Çöpler mine suspension

“Operations at Çöpler were suspended on February 13, 2024 following the Çöpler Incident and have not restarted.” · word for word

Cost inflation

“AISC per gold equivalent ounce sold increased 14.6% to $2,153.”

Seabee production decline

“Gold production decreased 30.0% due to fewer ore tonnes milled and lower mill feed grade.” · word for word

Project located in Türkiye, geopolitical risk

“Hod Maden in Türkiye” · word for word

Çöpler mine remains suspended; restart timeline uncertain.

“SSR Mining continues to work closely with the relevant authorities in Türkiye to advance the restart of the Çöpler mine.” · word for word

Costs trending to upper end of guidance due to higher gold prices and share-based compensation.

“Company is trending towards the upper end of its consolidated cost guidance ranges for 2025.” · word for word

Çöpler mine indefinite suspension

“Operations remained suspended following the Çöpler Incident on February 13, 2024. Care and maintenance expense recorded for the three months ended September 30, 2025... of $37.3 million” · word for word

Foreign exchange loss from Argentine peso

“Foreign exchange loss for the three months ended September 30, 2025 was $12.8 million compared to $7.5 million... primarily due to the weakening of the ARS against the USD and its impact on ARS-denominated assets.” · word for word

Debt refinancing risk

“The 2019 Notes were reclassified from Debt, non-current to Current portion of debt... due to the holder right of redemption at par plus accrued and unpaid interest, which is payable on April 1, 2026” · word for word

Loss of board member with governance committee leadership; no dispute indicated.

“Mr. Fish has resigned from the Board... served as the Chair of the Corporate Governance and Nominating Committee”