DENVER--(BUSINESS WIRE)--August 04, 2026-- 

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:

 
                      Three Months Ended        Six Months Ended 
(in thousands, 
except per share 
data or otherwise 
stated)                    June 30,                 June 30, 
-----------------   ----------------------  ------------------------- 
                       2026        2025        2026         2025 
-----------------    ---------    -------    ---------    -------- 
Financial Results 
Revenue             $  443,798   $405,455   $1,025,576   $ 722,073 
Cost of sales       $  173,672   $162,948   $  368,791   $ 299,589 
Operating income    $  191,676   $168,076   $  492,131   $ 274,892 
Net income (loss)   $   92,435   $ 80,362   $  (22,717)  $ 134,808 
    Net income 
     from 
     continuing 
     operations     $  137,014   $131,983   $  387,686   $ 216,538 
    Net income 
     (loss) from 
     discontinued 
     operations     $  (44,579)  $(51,621)  $ (410,403)  $ (81,730) 
Net income 
 attributable to 
 SSR Mining 
 shareholders from 
 continuing 
 operations         $  137,014   $131,983   $  387,686   $ 216,538 
    Basic net 
     income per 
     share 
     attributable 
     to SSR Mining 
     shareholders 
     from 
     continuing 
     operations     $     0.66   $   0.65   $     1.87   $    1.07 
    Diluted net 
     income per 
     share 
     attributable 
     to SSR Mining 
     shareholders 
     from 
     continuing 
     operations     $     0.66   $   0.61   $     1.82   $    1.01 
Adjusted net 
 income 
 attributable to 
 SSR Mining 
 shareholders from 
 continuing 
 operations (1)     $  137,014   $138,303   $  387,686   $ 228,291 
    Basic adjusted 
     net income 
     per share 
     attributable 
     to SSR Mining 
     shareholders 
     from 
     continuing 
     operations 
     (1)            $     0.66   $   0.68   $     1.87   $    1.13 
    Diluted 
     adjusted net 
     income per 
     share 
     attributable 
     to SSR Mining 
     shareholders 
     from 
     continuing 
     operations 
     (1)            $     0.66   $   0.64   $     1.82   $    1.06 
 
Cash provided by 
 operating 
 activities from 
 continuing 
 operations         $  115,619   $150,702   $  420,457   $ 269,926 
Cash provided by 
 (used in) 
 operating 
 activities of 
 discontinued 
 operations         $  (15,317)  $  6,854   $  (55,665)  $ (30,033) 
Cash provided by 
 operating 
 activities         $  100,302   $157,556   $  364,792   $ 239,893 
Cash provided by 
 (used in) 
 investing 
 activities         $1,399,476   $(68,219)  $1,313,207   $(220,000) 
Cash provided by 
 (used in) 
 financing 
 activities         $ (340,524)  $  7,856   $ (418,743)  $  10,531 
 
Continuing 
Operating 
Results 
Gold produced (oz)      75,601     90,966      157,915     166,835 
Gold sold (oz)          73,919     90,739      157,812     168,447 
Silver produced 
 ('000 oz)               1,661      2,849        3,399       5,354 
Silver sold ('000 
 oz)                     1,506      2,534        3,339       4,909 
Lead produced 
 ('000 lb) (2)           7,131     13,877       15,293      25,365 
Lead sold ('000 
 lb) (2)                 7,304     12,058       16,221      24,111 
Zinc produced 
 ('000 lb) (2)             963      1,125        1,987       1,883 
Zinc sold ('000 
 lb) (2)                   889      1,279        1,627       1,541 
 
Gold equivalent 
 produced (oz) 
 (3)                   101,959    120,191      211,873     223,987 
Gold equivalent 
 sold (oz) (3)          97,822    116,736      210,814     220,843 
 
Average realized