Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Q1 2026 Earnings Presentation
24 slides from Ssr Mining's earnings presentation, May 2026
Slide 1: First Quarter 2026 Financial Results
First Quarter 2026 Financial Results May 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: Americas Focused Portfolio Delivering Free Cash Flow and Growth
(1) Americas Focused Portfolio Porky Seabee (2) Delivering Free Cash Flow and Growth Amisk 4 Producing Mines 2026E Production Weighting: 3 RD Largest U.S. Gold Producer Long-lived Marigold Marigold Buffalo Valley New Millenium CC&V Türkiye 80% Gold & 20% Silver & CC&V Mines Hod Maden Under strategic
Slide 4: Proven Track Record of Value Creation Through Capital Returns and M&A
Proven Track Record of Value Creation Through Capital Returns and M&A (2) Increasing Per Share Value (1) Capital Returns Track Record Consolidated Consensus Consolidated Consensus 2021 – 2026 NAV Per Share Cash Flow Per Share Dividends Share buybacks 29.2 million shares repurchased at an average pri
Slide 5: First Quarter 2026 Operating Results
First Quarter 2026 Operating Results Results from Continuing Operations Marigold CC&V Seabee Puna Total Gold Production oz 37,730 38,298 6,286 — 82,314 Silver Production koz — — — 1,739 1,739 Gold Equivalent Production (1) oz 37,730 38,298 6,286 27,600 109,914 Cost of Sales $/oz $1,813 $1,431 $3,462
Slide 6: First Quarter 2026 Financial Results
First Quarter 2026 Financial Results Financial & Operating Performance (1) Balance Sheet & Liquidity (1) Q1 2026 Q1 2025 Strong Financial Position Supports Growth Gold Equivalent Production oz 109,914 103,805 & Capital Commitments Gold Equivalent Sales oz 112,993 104,185 Revenue $M $581.8 $316.6 Net
Slide 7: Operations
OUR PURPOSE To create value and leave a legacy through responsible and sustainable operations. OUR VALUES Operations Safety First, Always Better Together Be Excellent SSR MINING | 7 The ESG & Sustainability report is available on our website at: www.ssrmining.com/corporate_responsibility
Slide 8: Marigold: Large-Scale Open Pit in Nevada
Marigold: Large-Scale Open Pit in Nevada Quarterly Commentary (1) ▪ Q1 2026 production of 37.7 koz gold at cost of sales of $1,813/oz and AISC of $2,365/oz ▪ 2026 guidance of 170 to 200 koz gold at cost of sales of $1,720 to $1,790/oz and AISC of $2,320 to $2,390/oz ▪ SSR Mining is advancing growth
Slide 9: CC&V: Long-Lived Asset With Further Upside
CC&V: Long-Lived Asset With Further Upside Quarterly Commentary (1) Cripple Creek Grass Valley ▪ Q1 2026 production of 38.3 koz gold at cost of sales of $1,431/oz and AISC of Globe Hill $1,658/oz ▪ 2026 guidance of 125 to 150 koz gold at cost of sales of $1,420 to $1,490/oz and Schist Island AISC of
Slide 10: 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 Commentary (1) Ownership: 100% ▪ Q1 2026 production of 6.3 koz gold at cost of sales of $3,462/oz and AISC of $6,053/oz ▪ Operations at Seabee
Slide 11: Puna: Argentina's Largest Producing Silver Mine
Chinchillas Pit Puna: Argentina’s Largest Producing Silver Mine Quarterly Commentary (1) ▪ Q1 2026 production of 1.7 Moz silver at cost of sales of $25.91/oz and AISC of $23.14/oz ▪ Ore in the first quarter of 2026 was largely sourced from surface stockpiles as mining operations were focused on wast
Slide 12: Brownfield Growth Portfolio Update
Brownfield Growth Portfolio Update Compelling Opportunities for Potential Mine Life Extensions Across the Portfolio New Chinchillas / Buffalo Valley Porky Amisk Cortaderas Millennium Melina (1) Country USA USA Canada Canada Argentina Argentina Property Marigold Marigold Seabee Amisk Puna Puna Projec
Slide 13: Appendix & Endnotes
Appendix & Endnotes SSR MINING | 13
Slide 14: 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, SSR Mining’s second US
Slide 15: 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 – 1,640
Slide 16: 2025 Mineral Reserves & Mineral Resources for Americas Platform
2025 Mineral Reserves & Mineral Resources for Americas Platform Highlights Gold Equivalent Mineral Reserves (Moz) (1) ▪ 2025YE total attributable P+P Mineral Reserves of 6.4Moz gold and 0.4Moz 6.7Moz 0.5Moz 6.4Moz 18.1Moz silver or 6.7Moz gold equivalent 2.7Moz ▪ 2025YE M&I Mineral Resources, exclus
Slide 17: CC&V: 2025 Technical Report Summary (TRS)
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 18: Endnotes
Endnotes Disclosures & References Mineral Reserves and Mineral Resources Çöpler Transaction 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
Slide 19: Non-GAAP Reconciliations
Non-GAAP Reconciliations We have included certain non-GAAP performance measures throughout this document. These performance measures are employed by us to measure our operating and economic performance internally and to assist in decision-making, as well as to provide key performance information to
Slide 20: Non-GAAP Reconciliation (Continued)
Non-GAAP Reconciliation (Continued) Cash Costs and AISC The following table provides a reconciliation of Cost of sales to cash costs and AISC: Three Months Ended March 31, 2026 Cash Costs and All-In Sustaining Costs (“AISC”) per payable ounce of gold and respective unit cost measures are non-U.S. GA
Slide 21: Non-GAAP Reconciliation (Continued)
Non-GAAP Reconciliation (Continued) 2026 Operating Guidance The following table provide a reconciliation of our projected cost of sales to projected cash costs and projected AISC used in the calculation of full-year projected 2026 cost guidance: Marigold CC&V Seabee Puna Corporate Total Çöpler Conso
Slide 22: Non-GAAP Reconciliation (Continued)
Non-GAAP Reconciliation (Continued) Adjusted Net Income (Loss) per Share Attributable to SSR Mining Shareholders Adjusted attributable net income (loss) and adjusted attributable net income (loss) per share are used by management to measure the Company's underlying operating performance. We believe
Slide 23: Non-GAAP Reconciliations (Continued)
Non-GAAP Reconciliations (Continued) Free Cash Flow and Mine Site Free Cash Flow The Company uses free cash flow and mine site free cash flow to supplement information in its condensed consolidated financial statements. The most directly comparable financial measure prepared in accordance with GAAP
Slide 24: SSR Mining Inc. Website
SSR Mining Inc. www.ssrmining.com Website: www.ssrmining.com invest@ssrmining.com Email: invest@ssrmining.com Toll-free: +1 (888) 338-0046 SSRM:NASDAQ / TSX