Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — BMO Global Metals, Mining & Critical Minerals Conference 2026
25 slides from Ssr Mining's conference presentation, February 2026
Slide 1: BMO Global Metals, Mining & Critical Minerals Conference
BMO Global Metals, Mining & Critical Minerals Conference February 2026
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Information and Statements Except for statements of historical fact relating to us, certain statements contained in this presentation (including information incorporated by reference herein) constitute forward-looking information, future ori
Slide 3: Diversified Portfolio with Six Key Assets
(1) Diversified Portfolio with Six Key Assets Focused on Delivering Free Cash Flow and Growth Porky Seabee (2) Amisk Diversified Portfolio Free Cash Flow With Six Key Assets Focused Marigold Buffalo Valley CC&V New Millenium exposure to gold, silver and copper strong margins with >$240M in productio
Slide 4: 2025 Fourth Quarter Results
2025 Fourth Quarter Results Quarterly Operating Summary (1) Q4/25 production of 120.3 k GEOs at cost of sales of $1,613/oz and AISC of $2,250/oz ($2,002 ex. costs incurred at Çöpler) At Marigold, production was 42.8 koz gold at cost of sales of $1,825/oz and AISC of $2,089/oz At CC&V, producti
Slide 5: 2025 Fourth Quarter & Full-Year Financial Results
2025 Fourth Quarter & Full-Year Financial Results Financial & Operating Performance (1) Balance Sheet & Liquidity (1) Q4 2025 2025 $1,035M Gold Equivalent Production oz 120,267 447,207 $535M Total Cash Gold Equivalent Sales oz 116,581 443,902 Total Available Liquidity Revenue $M $521.7 $1,629.6 Stro
Slide 6: 2026 Guidance
2026 Guidance 2026 Operating Guidance Annual Gold Equivalent Production (koz) (100% basis) Consolidated 450 – 535 447 Gold Production koz 355 – 420 95 – 115 399 28 114 Silver Production Moz 6.25 – 7.00 60 – 70 Gold Equivalent Production koz 450 – 535 124 55 125 – 150 Cost of Sales $/oz 1,560 – 1,630
Slide 7: 2025 Mineral Reserves & Mineral Resources
2025 Mineral Reserves & Mineral Resources Five-Year Changes to Gold Equivalent Mineral Reserves (Moz) (1) Highlights 2.7Moz 11.0Moz 2025YE total attributable P+P Mineral Reserves of 11.0Moz gold M&A 2025YE equivalent, increased 38% YoY inclusive of mined depletion Mineral Reserves 2025YE M&I Min
Slide 8: Growth Portfolio Update
Growth Portfolio Update Compelling Opportunities for Potential Mine Life Extensions Across the Portfolio (1) New Buffalo Chinchillas Hod Maden Porky Amisk Cortaderas Millennium Valley / Melina (2) Country Türkiye USA USA Canada Canada Argentina Argentina Property Hod Maden Marigold Marigold Seabee A
Slide 9: Proven Track Record of Value Creation
Proven Track Record of Value Creation Project Development Track Record M&A Track Record POX Plant (Çöpler) Marigold Seabee SSR Mining / Alacer Merger Exploration & Exploration & Exploration & ~$3,710M Resource Upside ~$900M Resource Upside ~$7,440M Resource Upside -10% Analyst Analyst 3.3x NAV 2.3x
Slide 10: Third Largest Gold Producer in the USA
Third Largest Gold Producer in the USA Nearly 6Moz of Gold Mineral Reserves in the US CC&V hosts 2.7 Moz of gold Mineral Reserves, plus an additional 4.8 Moz of M&I Mineral Resources (exclusive of Reserves) and 2.0 Moz of Inferred Mineral Resources Combined with Marigold, SSRM’s second US gold m
Slide 11: Marigold: Large-Scale Open Pit in Nevada
Marigold: Large-Scale Open Pit in Nevada Quarterly & Full-Year Commentary (1) Q4 2025 production of 42.8 koz gold at cost of sales of $1,825/oz and AISC of $2,089/oz FY2025 production of 153.5 koz gold at cost of sales of $1,635/oz and AISC of $1,918/oz •Red Dot 2026 guidance of 170 to 200 koz
Slide 12: CC&V: Long-Lived Asset With Further Upside
CC&V: Long-Lived Asset With Further Upside Quarterly & Full-Year Commentary (1) Cripple Creek Grass Valley Q4 2025 production of 39.4 koz gold at cost of sales of $1,279/oz and AISC of Globe Hill $1,596/oz Schist Island From February 28, 2025 to December 31, 2025, CC&V produced 124.6 koz gold; I
Slide 13: CC&V: 2025 Technical Report Summary
CC&V: 2025 Technical Report Summary (TRS) After-Tax NPV5% of $824 Million at Consensus Gold Prices; ~$1.5 Billion at Spot Gold Prices Production Summary 12-year operating mine life; 26-years of total production Financial & Operating Highlights at consensus gold prices 5-Yr Avg Production: 131koz Thr
Slide 14: Seabee: High-Grade Underground in Canada
Location: Saskatchewan, Canada Seabee: High-Grade Underground in Canada Mining: Underground Processing: Gravity concentration, CIP Land: ~74,000 ha Quarterly & Full-Year Commentary (1) Ownership: 100% Q4 2025 production of 8.9 koz gold at cost of sales of $2,435/oz and AISC of $3,433/oz FY2025 p
Slide 15: Puna: Argentina's Largest Producing Silver Mine
Puna: Argentina’s Largest Producing Silver Mine Chinchillas Pit Quarterly & Full-Year Commentary (1) Q4 2025 production of 2.1 Moz silver at cost of sales of $20.13/oz and AISC of $18.39/oz FY2025 production of 9.8 Moz silver exceeded production guidance for the third consecutive year; FY 2025 c
Slide 16: Hod Maden: World-Class Copper-Gold Project
Hod Maden: World-Class Copper-Gold Project Location: Artvin, Türkiye Quarterly Commentary Mining: Underground Processing: Flotation In Q4 2025, $33.8 million was spent as engineering and initial site establishment Land: ~3,500 ha efforts continued to progress Ownership: 10% (1) FY2025 spend of $
Slide 17: Hod Maden: 2025 Technical Report Summary
Hod Maden: 2025 Technical Report Summary (TRS) After-Tax NPV5% of $1.7 Billion at Consensus Gold Prices; ~$2.9 Billion at $4,900/oz Gold Price Highlights Production Summary (koz AuEq) Key Metrics • After-tax NPV5% of $1.7B at 3-Yr Avg Production: 237koz AuEq 5-Yr Avg Production: 223koz AuEq Gold Pro
Slide 18: Appendix & Endnotes
Appendix & Endnotes SSR MINING | 18
Slide 19: Endnotes
Endnotes Disclosures & References Mineral Reserves and Mineral Resources Çöpler The Mineral Reserves and Mineral Resources (“MRMR”) information should be read in conjunction with Item 2. Properties in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed on February 17,
Slide 20: Endnotes: Non-GAAP Reconciliations
Endnotes: Non-GAAP Reconciliations The Company reports Non-GAAP financial measures including adjusted net income (loss) attributable to SSR Mining shareholders, adjusted net income (loss) per share attributable to SSR Mining shareholders, total debt, total cash, net debt (cash), total liquidity, cas
Slide 21: Endnotes: Non-GAAP Reconciliation (Continued)
Endnotes: Non-GAAP Reconciliation (Continued) Cash Costs and AISC Three Months Ended December 31, 2025 (in thousands, unless otherwise noted) Marigold CC&V Seabee Puna Corporate Total Çöpler Consolidated (Excluding Çöpler) Cost of sales (GAAP) (1) $74,295 $50,468 $21,062 $42,205 — $188,032 — $188,03
Slide 22: Endnotes: Non-GAAP Reconciliation (Continued)
Endnotes: Non-GAAP Reconciliation (Continued) Cash Costs and AISC Year Ended December 31, 2025 (in thousands, unless otherwise noted) Marigold CC&V (1) Seabee Puna Corporate Total Çöpler Consolidated (Excluding Çöpler) Cost of sales (GAAP) (2) $251,833 $157,397 $82,328 $161,745 — $653,303 — $653,303
Slide 23: Endnotes: Non-GAAP Reconciliation (Continued)
Endnotes: Non-GAAP Reconciliation (Continued) 2026 Operating Guidance Marigold CC&V Seabee Puna Corporate Total Çöpler Consolidated (operating guidance 100% basis) (1) (Excluding Çöpler) Gold Production koz 170 - 200 125 - 150 60 - 70 — — 355 - 420 — 355 - 420 Silver Production Moz — — — 6.25 - 7.00
Slide 24: Endnotes: Non-GAAP Reconciliation (Continued)
Endnotes: Non-GAAP Reconciliation (Continued) Adjusted Attributable Net Income per Share Three Months Ended December 31, Year Ended December 31, (in thousands, except per share) 2025 2024 2025 2024 Net income (loss) attributable to SSR Mining shareholders (GAAP) $181,457 $5,555 $395,754 ($261,277) I
Slide 25: SSR Mining Inc. Website
SSR Mining Inc. Website: www.ssrmining.com Email: invest@ssrmining.com Toll-free: +1 (888) 338-0046 SSRM:NASDAQ / TSX
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