Slide 1: First Quarter 2025 Financial Results
First Quarter 2025 Financial Results May 2025
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
Diversified Portfolio with Six Key Assets Focused on Delivering Free Cash Flow and Growth 2025 Priorities (1) CC&V Close & Integration Seabee (2) Six Key Assets Diversified Portfolio across four core focus on free cash flow 2025 Operating Guidance high-quality jurisdictions and margins Marigold CC&V
Slide 4: 2025 First Quarter Results
2025 First Quarter Results Quarterly Operating Summary ▪ Consolidated production was 103.8 k GEOs at cost of sales of $1,312/oz and AISC of $1,972/oz ($1,749 ex. Çöpler) (1) ▪ At Marigold, production was 38.6 koz gold at cost of sales of $1,453/oz and AISC of $1,765/oz ▪ At CC&V attributable product
Slide 5: 2025 First Quarter Financial Results
2025 First Quarter Financial Results Financial & Operating Performance (1) Balance Sheet & Liquidity (1) Q1 2025 Q1 2024 As of March 31, 2025 Gold Equivalent Production oz 103,805 101,873 Gold Sales oz 77,708 89,279 Silver Sales Moz 2.4 1.7 $320M Total Cash Total Gold Equivalent Sales oz 104,185 107
Slide 6: Operations
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Slide 7: 2025 Guidance
2025 Guidance (1) Total Operating Guidance Consolidated (Excluding Çöpler) Seabee Production: 70 – 80koz Gold Production koz 320 – 380 320 – 380 Cost of Sales: $1,230 – $1,270/oz AISC: $1,710 – $1,750/oz Silver Production Moz 8.00 – 8.75 8.00 – 8.75 Marigold Production: 160 – 190koz Gold Equivalent
Slide 8: Marigold: Large-Scale Open Pit in Nevada
Marigold: Large-Scale Open Pit in Nevada Quarterly Commentary (1) ▪ Q1 2025 production of 38.6 koz gold at cost of sales of $1,453/oz and AISC of $1,765/oz ▪ Planned sustaining capital spend previously anticipated in Q1, deferred to Q2; full-year •Red Dot sustaining capital guidance unchanged at $45
Slide 9: CC&V: Long-Lived Asset With Further Upside
CC&V: Long-Lived Asset With Further Upside Quarterly Commentary (1) ▪ Production attributable to SSR Mining was 11.3 koz gold at cost of sales of $1,590/oz and AISC of $1,774/oz for the period from February 28, 2025 to March 31, 2025 •Red Dot ▪ Inclusive of the 28.0 koz of gold produced in the first
Slide 10: Seabee: High-Grade Underground in Canada
Location: Saskatchewan, Canada Mining: Underground Seabee: High-Grade Underground in Canada Processing: Gravity concentration, CIP Land: ~74,000 ha Ownership: 100% Quarterly Commentary (1) ▪ Production of 26.0 koz gold at cost of sales of $890/oz and AISC of $1,374/oz ▪ Processed grades of 9.0 g/t d
Slide 11: Puna: Large Open-Pit Silver Producer
Puna: Large Open-Pit Silver Producer Quarterly Commentary (1) ▪ Production of 2.5 Moz silver at cost of sales of $15.51/oz and AISC of $13.16/oz ▪ Full-year 2025 production guidance at Puna is 8.00 to 8.75 Moz of silver at cost of sales of $12.50 to $14.00/oz and AISC of $14.25 to $15.75/oz ▪ Produc
Slide 12: Hod Maden & Çöpler
Hod Maden & Çöpler Hod Maden: Initial Development Activities Continue ▪ In Q1 2025, $12.2 million was spent at Hod Maden on initial site establishment activities; in 2025, attributable growth capital expenditures are expected to total between $60 and $100 million ▪ Technical work continuing, includi
Slide 13: Endnotes & Non-GAAP Reconciliation
Endnotes & Non-GAAP Reconciliation 1) Detailed disclosure related to the February 13, 2024 incident at the Çöpler mine (the “Çöpler Incident” or the “Incident”) was included in the Annual Report on Form 10-K for the year ended December 31, 2024 filed on February 18, 2025. As of April 1, 2024 the Çöp
Slide 14: Non-GAAP Reconciliation: Cash Costs and AISC
Non-GAAP Reconciliation Cash Costs and AISC Three Months Ended March 31, 2025 (in thousands, unless otherwise noted) Marigold CC&V (1) Seabee Puna Corporate Total Çöpler Consolidated (Excluding Çöpler) Cost of sales (GAAP) (2) $58,726 $17,966 $23,130 $36,819 — $136,641 — $136,641 By-product credits
Slide 15: Non-GAAP Reconciliation: 2025 Operating Guidance
Non-GAAP Reconciliation 2025 Operating Guidance Marigold CC&V (2) Seabee Puna Corporate Total Çöpler Consolidated (operating guidance 100% basis) (1) (Excluding Çöpler) Gold Production koz 160 – 190 90 – 110 70 – 80 — — 320 – 380 — 320 – 380 Silver Production Moz — — — 8.00 – 8.75 — 8.00 – 8.75 — 8.
Slide 16: Non-GAAP Reconciliation: Adjusted Attributable Net Income per Share
Non-GAAP Reconciliation Adjusted Attributable Net Income per Share Three Months Ended March 31, (in thousands, except per share) 2025 2024 Net income (loss) attributable to SSR Mining shareholders (GAAP) $58,781 ($287,082) Interest saving on 2019 notes, net of tax $1,232 — Net income (loss) used in
Slide 17: SSR Mining Inc.
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