Ssr Mining Inc.NASDAQ: SSRM

BMO Global Metals, Mining & Critical Minerals Conference Presentation

· Issued by Ssr Mining Inc.
BMO Global Metals, Mining & Critical Minerals Conference

February 2026



Diversified Portfolio with Six Key Assets

Focused on Delivering Free Cash Flow and Growth

Porky

Amisk

Seabee

Diversified Portfolio With Six Key Assets

exposure to gold, silver and copper production across four core

high-quality jurisdictions

Free Cash Flow Focused

strong margins with >$240M in free cash flow in 2025 (1)

Marigold

Buffalo Valley New Millenium

CCGV

Çöpler

Hod Maden

3rd Largest U.S.

Gold Producer

long-lived Marigold and CC&V mines provide robust U.S. platform

Strong Balance Sheet

total cash of $535M; total liquidity of

$1.0B to support growth and capital commitments (1)

Organic Growth & Prudent M&A

greenfield & brownfield targets to drive production growth complemented by value accretive M&A

Operations

Projects

Key Exploration

Puna

Cortaderas

NSR Royalty

(1) Free cash flow and total liquidity are non-GAAP metrics please see end notes and cautionary notes for a discussion on non-GAAP metrics

(2) MRMR shown as attributable to SSR Mining only; Measured and Indicated Mineral Resources are shown exclusive of Mineral Reserves; see endnotes and cautionary notes for additional information

SSR MINING | 3

Large Mineral Reserve Base

& Resource Upside

11Moz AuEq Mineral Reserves, 10Moz AuEq M&I Mineral Resources,

& 5Moz AuEq Inferred Mineral Resources

as of December 31, 2025

(2)



2025 Fourth Quarter Results

Quarterly Operating Summary

  • 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)(1)

    • 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, production was 39.4 koz gold at cost of sales of $1,279/oz and AISC of $1,596/oz

    • At Seabee, production was 8.9 koz gold at cost of sales of $2,435/oz and AISC of $3,433/oz

    • At Puna, production was 2.1 Moz silver at cost of sales of $20.13/oz and AISC of $18.39/oz

    • At Çöpler, reclamation & remediation spend totaled $7.4 million and care & maintenance costs totaled $41.0 million



      Liquidity and Balance Sheet as of December 31, 2025

  • Cash and cash equivalent balance of $534.8 million

  • Total liquidity of $1.0 billion includes undrawn $400 million revolving credit facility and $100 million accordion feature(1)

  • Operating cash flow of $172.1 million and free cash flow of $106.4 million in the quarter (1)

  • SSR Mining's Board of Directors approved share buyback program of up to $300 million



    Exploration & Development Activities

  • On November 10, 2025, published a Technical Report Summary ("TRS") for its CC&V mine with an $824M NPV5% and 2.8 Moz of gold Mineral Reserves supporting initial 12-year mine plan; additional 4.8Moz M&I and 2.0Moz Inf. provide optionality for future growth (2)

  • At Hod Maden, $33.8 million spent during the quarter as engineering and initial site establishment efforts progressed

    5%

  • In Q1 2026, published a TRS for the Hod Maden development project with a $1.7B NPV and 39% IRR at consensus commodity prices (2)

  • Continuing to advance key brownfield growth projects across the portfolio, including Buffalo Valley at Marigold, Cortaderas at Puna, and Porky at Seabee

    (1) AISC, Adjusted Net Income Attributable to SSRM Shareholders, Adjusted Net Income Per Share Attributable to SSRM Shareholders, Cash Provided by Operating Activities Before Changes in Working Capital, Free Cash Flow, Free Cash Flow Before Changes in Working Capital, and Total Liquidity are non-GAAP metrics; please see endnotes and cautionary notes for a discussion on non-GAAP metrics

    (2) Please see endnotes and cautionary notes for

    additional information regarding Technical Report Summaries

    SSR MINING | 4



    2025 Fourth Quarter & Full-Year Financial Results

    Financial & Operating Performance (1)

    Balance Sheet & Liquidity



    (1)

    Q4 2025

    2025

    Gold Equivalent Production

    oz

    120,267

    447,207

    Gold Equivalent Sales

    oz

    116,581

    443,902

    Revenue

    $M

    $521.7

    $1,629.6

    Net Income (loss)

    $M

    $170.5

    $362.4

    Net Income (loss) Attributable to SSRM Shareholders

    $M

    $181.5

    $395.8

    Net Income (loss) Per Share Attributable (Basic / Diluted)

    $/sh

    $0.89 / $0.84

    $1.95 / $1.85

    Adjusted Net Income Attributable to SSRM Shareholders

    $M

    $190.5

    $430.5

    Adjusted Net Income Per Share (Basic / Diluted) Attributable

    $/sh

    $0.94 / $0.88

    $2.12 / $2.01

    Cash Provided by Operating Activities

    $M

    $172.1

    $471.9

    Cash Provided by Operating Activities (Basic / Diluted)

    $/sh

    $0.85 / $0.79

    $2.33 / $2.17

    Cash Provided by Operating Activities Before Changes in Working Capital

    $M

    $211.5

    $644.5

    Free Cash Flow Before Change in Working Capital

    $M

    $145.8

    $414.3

    Free Cash Flow

    $M

    $106.4

    $241.6

    $500M

    Undrawn Revolving Credit Facility

    + Accordion Feature

    $535M

    Total Cash

    $1,035M



    Total Available Liquidity

    Strong Financial Position Supports Growth & Capital Commitments

    Share Buyback Program

    • SSR Mining's Board of Directors approved a share buyback program of up to $300 million

    • Given the Company's strong free cash flow projections and its portfolio of growth opportunities, the Company sees significant value to its shareholders in pursuing a share buyback program

    • Share buybacks have historically been an important part of SSR Mining's capital return strategy



      • Between 2021 and 2024, ~20 million shares repurchased at an average price of $15.76/share

(1) Adjusted Net Income Attributable to SSRM Shareholders, Adjusted Net Income Per Share Attributable to SSRM Shareholders, Cash Provided by Operating Activities Before Changes in Working Capital, Free Cash Flow, Free Cash Flow Before Changes in Working Capital, and Total Liquidity are non-GAAP metrics; please see endnotes and cautionary notes for a discussion on non-GAAP metrics

SSR MINING | 5

2026 Guidance

2026 Operating Guidance



Annual Gold Equivalent Production (koz)

(100% basis)

Consolidated

Gold Production

koz

355 - 420

Silver Production

Moz

6.25 - 7.00

Gold Equivalent Production

koz

450 - 535

Cost of Sales

$/oz

1,560 - 1,630

Cash Costs (1)

$/oz

1,480 - 1,550

Total

(Excluding Çöpler)

Consolidated

AISC (1)

$/oz

2,180 - 2,260

2,360 - 2,440

Growth spend in 2026 includes $115 million in growth capital and $35 million in growth exploration & resource development expense as SSR Mining continues to advance key organic growth projects across the portfolio

450 - 535

170 - 200

168

154

79

125

125 - 150

55

124

60 - 70

28

114

95 - 115



447

399

2024A 2025A 2026E

Marigold

CC&V

Seabee

Puna

Çöpler

SSR MINING | 6

(1) Cash Costs and AISC are non-GAAP metrics; please see endnotes and cautionary notes for a discussion on non-GAAP metrics; The Company has not reflected any production, operating costs, or capital forecasts for Çöpler in its 2026 guidance.



2025 Mineral Reserves & Mineral Resources

Highlights

  • 2025YE total attributable P+P Mineral Reserves of 11.0Moz gold equivalent, increased 38% YoY inclusive of mined depletion

    Five-Year Changes to Gold Equivalent Mineral Reserves (Moz)

    2025YE

    Mineral Reserves

2025YE

Mineral Reserves (ex M&A)

2020YE

Mineral Reserves

Depletion

Additions

M&A

(1)

2.7Moz 11.0Moz

  • 2025YE M&I Mineral Resources, exclusive of Mineral Reserves, of

    9.5Moz gold equivalent and Inferred Mineral Resources of 5.1Moz gold equivalent, increased 82% and 95% YoY, respectively

  • Mineral Reserve commodity price assumptions remain conservative at $1,700/oz Gold, $20.50/oz Silver, $0.90/lb Lead,

    $1.15/lb Zinc and $3.50/lb Copper

  • Following the completion and issuance of Technical Report Summaries for CC&V and the Hod Maden development project, the Company is now able to incorporate these properties into its consolidated MRMR statements (2)

8.2Moz

(3.3Moz)

3.4Moz 8.3Moz

Gold

koz

Silver

koz

Lead

Mlb

Zinc

Mlb

Copper

Mlb

GEO

koz

P+P Mineral Reserves

10,582

24,171

110

17

22

10,989

M&I Mineral Resources

(Exclusive)

8,967

32,698

40

266

7

9,548

Inferred Mineral Resources

4,456

32,272

0

388

3

5,085

  • SSR Mining has a pipeline of highly prospective brownfield growth projects across the regional properties in Canada, USA, Türkiye, and Argentina as it targets longer-term growth potential

Attributable Mineral Reserves & Mineral Resources (1)



(1) MRMR shown as attributable to SSR Mining only; Çöpler shown at 80% attributable; Hod Maden shown at 10% attributable; Measured and Indicated Mineral Resources are shown exclusive of Mineral Reserves; See endnotes and cautionary notes for additional information including metal price assumptions used in MRMR calculations (2) Please see endnotes and cautionary notes for additional information regarding Technical Report Summaries

SSR MINING | 7



Growth Portfolio Update

Compelling Opportunities for Potential Mine Life Extensions Across the Portfolio

Hod Maden(1) New Millennium

Buffalo Valley

Porky

Amisk

Chinchillas

/ Melina (2)

Cortaderas

Country

Türkiye

USA

USA

Canada

Canada

Argentina

Argentina

Property

Hod Maden

Marigold

Marigold

Seabee

Amisk

Puna

Puna

Project Type

Greenfield

Brownfield

Brownfield

Brownfield

Greenfield

Brownfield

Brownfield

Commodity

Au, Cu

Au

Au

Au

Au, Ag

Ag, Zn, Pb

Ag, Zn, Pb

Mine Type

Underground

Open Pit

Open Pit

Underground

Open Pit

Open Pit

Underground

Current Mineral Reserves

1,896 koz Au

223 Mlb Cu

305 koz Au

565 koz Au

203 koz Au

n/a

18.0 Moz Ag

n/a

Current M&I Mineral Resources (Exclusive)

658 koz Au

65.3 Mlb Cu

682 koz Au

70 koz Au

15 koz Au

1,028 koz Au

7.5 Moz Ag

6.6 Moz Ag

15.7 Moz Ag

248.8 Mlb Zn

Current Inferred Mineral Resources

281koz Au

26.3 Mlb Cu

132 koz Au

43 koz Au

71 koz Au

830 koz Au

5.6 Moz Ag

0.1 Moz Ag

24.1 Moz Ag

388.1 Mlb Zn



(1) All project metrics sourced from the 2026 Hod Maden Technical Report Study and are shown on a 100% basis; See endnotes and cautionary notes for additional information

(2) Melina is a target northeast of the current Chinchillas pit and is not included as part of SSR Mining's December 31, 2025 MRMR totals

SSR MINING | 8



Proven Track Record of Value Creation

Project Development Track Record

M&A Track Record

Marigold

Seabee

SSR Mining / Alacer Merger

POX Plant (Çöpler)

-10%

Initial Capital Budget Final Capital Spend

(2016 Technical Report) (2020)

Chinchillas Project (Puna)

-8%

$81M

$75M

Initial Capital Budget Final Capital Spend

(2017 PFS) (Q4 2019)

$667M

$744M

~$3,710M

Exploration & Resource Upside

~$900M

Analyst NAV:

>$6,965M

Exploration & Resource Upside

Realized Cash

~$400M

Analyst NAV

>$500M

Exploration & Resource Upside

~$7,440M

$309M

12.0x

Analyst NAV

>$2,750M

Realized Cash

~$960M

3.3x

$278M

2.3x

$3,266M

Capital Returned

Acquisition Value

(2014)

Current Value

(Q4 2025)

Acquisition Value

(2016)

Current Value

(Q4 2025)

Analyst NAV

(At Announcement)

Current Value

(Feb 2026)

CC&V

Hod Maden

Non-Core Asset Sales

~$1,585M

6.0x

Analyst NAV

>$1,380M

2.9x

Exploration & Resource Upside

2.6x

~$305M

Contingent Payments

$100M Acquisition Value (Q4 2024)

Realized Cash

~$205M Current Value (Q4 2025)

Acquisition Value

(Q2 2023)

$120M

Earn-in & Milestone

Payments

2025 TRS

NAV (40%)

~$665M

Exploration & Resource Upside

Current Value

(Q4 2025)

Analyst NAV

(At Announcement)

$119M

Transaction Value

(Q4 2025)

SSR MINING | 9

(1) Realized cash may also be referred to as mine site free cash flow and is a non-GAAP metrics; please see endnotes and cautionary notes for a discussion on non-GAAP metrics

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 mine in Nevada, total Mineral Reserves in the USA is nearly 6 Moz Au across two core assets each with operating mine lives in excess of 10 years

    • Significant Mineral Resource endowment across both operations presents considerable potential for growth in the future

  • SSRM continues to evaluate additional opportunities for future growth at CC&V, including additional resource development and exploration drilling across the property

    Marigold

    CC&V

    MARIGOLD

    USA CONSOLIDATED

    Location: Nevada, USA

    2026e Production: 170 - 200 koz Au

    Denver

    CC&V

    4.8Moz

2.0Moz

0.5Moz

Location: Colorado, USA

6.6Moz

2.4Moz

2026e Production: 125 - 150 koz Au

2.7Moz

3.2Moz

1.8Moz

5.9Moz

July 2025 Reserves

Mineral Reserves

Mineral Resources

Mineral Reserves

Mineral Resources

Mineral Reserves

July 2025 Resources

2024YE

Resources

2024YE

Reserves

Combined Resources

Combined Reserves

Mineral Resources

Mineral Reserves M&I Mineral Resources Inferred Mineral Resources

(1) MRMR shown as attributable to SSR Mining only; Measured and Indicated Mineral Resources are shown exclusive of Mineral Reserves See endnotes and cautionary notes for additional information

SSR MINING | 1100



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

  • 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

  • Continued to advance drilling and engineering studies at Buffalo Valley and New Millennium as SSR Mining evaluates organic growth and mine life extension opportunities across the Marigold property



    Winnemucca• • Elko

    Operating Results

    Q4 2024

    Q1 2025

    Q2 2025

    Q3 2025

    Q4 2025

    Ore Mined

    kt

    7,343

    5,356

    3,425

    3,379

    7,161

    Waste Mined

    kt

    17,271

    20,455

    20,912

    20,112

    17,612

    Total Material Mined

    kt

    24,615

    25,811

    24,337

    23,491

    24,773

    Strip Ratio

    w:o

    2.4

    3.8

    6.1

    6.0

    2.5

    Ore Stacked

    kt

    7,343

    5,356

    3,426

    3,379

    7,160

    Gold Grade Stacked

    g/t

    0.42

    0.33

    0.62

    0.35

    0.35

    Gold Production

    oz

    59,702

    38,586

    35,906

    36,273

    42,770

    Total Capital Spend

    $M

    $12.5

    $15.3

    $18.8

    $13.4

    $15.4

    Cost of Sales

    $/oz

    $1,406

    $1,453

    $1,584

    $1,673

    $1,825

    AISC (1)

    $/oz

    $1,638

    $1,765

    $1,977

    $1,840

    $2,089

    • Reno

Location: Nevada, USA

Mining: Open Pit

Processing: ROM Heap Leach

Land: ~20,000 ha

Ownership: 100%

(1) AISC are a non-GAAP metric; please see endnotes and cautionary notes for a discussion on non-GAAP metrics and additional details; Cost of sales and AISC are reported per ounce of payable metal sold

SSR MINING | 11



CC&V: Long-Lived Asset With Further Upside

Quarterly & Full-Year Commentary (1)

  • Q4 2025 production of 39.4 koz gold at cost of sales of $1,279/oz and AISC of

    $1,596/oz

  • From February 28, 2025 to December 31, 2025, CC&V produced 124.6 koz gold;

    Cripple Creek

    Globe Hill

    Schist Island

    Grass Valley

    Inclusive of first two months of 2025, FY production totaled 152.6 koz gold

  • During Q4 2025, the Company published a TRS for CC&V highlighting an initial 12-year life of mine plan with significant optionality for future growth (3)

    ADR2

    VLF2

    Mill

    Granite Island

  • CC&V generated over $200 million in mine site free cash flow since its acquisition

Crusher VLF2

ADR1

South Cresson

Victor

Towns

Potential Ore Source Key Infrastructure CC&V Boundary

Operating Results

Q1 2025 (2)

Q2 2025

Q3 2025

Q4 2025

Ore Mined

kt

1,824

3,441

6,923

5,470

Waste Mined

kt

1,571

4,880

2,496

4,318

Total Material Mined

kt

3,395

8,321

9,419

9,788

Strip Ratio

w:o

0.9

1.4

0.4

0.8

Ore Stacked

kt

1,859

3,519

7,020

5,431

Gold Grade Stacked

g/t

0.36

0.50

0.40

0.40

Gold Production

oz

11,282

44,062

29,821

39,392

Total Capital Spend

$M

$1.4

$14.4

$15.2

$10.4

Cost of Sales

$/oz

$1,590

$1,116

$1,394

$1,279

AISC (1)

$/oz

$1,774

$1,339

$1,756

$1,596

Denver •

Location: Colorado, USA

Mining: Open Pit

Processing: ROM, two-

stage crushing Land: ~6,075 ha Ownership: 100%

(1) AISC and mine site free cash flow are non-GAAP metrics; please see endnotes and cautionary notes for a discussion (2) Q1 2025 operating results represents the period from February 28, 2025,

(3) Please see endnotes and cautionary notes for additional

SSR MINING | 12

on non-GAAP metrics and additional details; Cost of sales and AISC are reported per ounce of payable metal sold

the closing date of the CC&V acquisition, to March 31, 2025

information regarding Technical Report Summaries



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

5-Yr Avg Production: 131koz

Financial & Operating Highlights at consensus gold prices

3-Yr Avg Production: 141koz

144

138

141

131

119

114

96

76

56

53

39

50

48

45

43

41 39

37

35

33

31 30

28

27

2024 2025

2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050

2029 2030

2026 2027 2028

118

137

146

141

Three-Year Profile Five-Year Profile

Mining & Production

Units

Ore Mined

Mt

61.0

97.3

Waste Mined

Mt

56.7

94.4

Material Mined

Mt

117.7

191.7

Strip Ratio

w:o

0.9

1.0

Gold Grade

g/t

0.38

0.40

Gold Recovery

%

55%

52%

Total Production

Au koz

424

657

Avg. Annual Production

Au koz

141

131

Financial Highlights

Total Operating Cash Flow

$M

$587

$761

Total Capital Costs (1)

$M

$203

$283

Total FCF (non-GAAP) (2)

$M

$384

$478

Average Annual FCF

$M

$128

$96

Cost of Sales (GAAP)

$/oz

$1,799

$1,901

Cash Costs (non-GAAP)

$/oz

$1,800

$1,902

AISC (non-GAAP) (2)

$/oz

$2,051

$2,135

2026 - 2028 2026 - 2030

After-Tax NPV5% Sensitivity ($M) Commentary

$340

15% increase in gold price adds ~$470M to NAV

$1,299

$824

$1,767

$2,754

Consensus

$3,726

$4,212

(-15%)

$3,240

(15%)

(30%)

  • After-tax NPV5% of $824 million at consensus gold prices averaging $3,240/oz over the LOM; increases to $1.5B at a gold price of $4,000/oz

  • Average annual production of 141 koz Au over first three years, generating

    $196 million and $128 million in average annual operating cash flow and free cash flow, respectively, at consensus gold prices

    o At $4,000/oz Au, average annual operating cash flow and free cash flow of

    $235 million and $168 million, respectively, over same three-year period

  • Active mining continues to 2036, with 26 years of total gold production

  • Based on $100 million upfront cash payment, forthcoming contingent payments, realized mine-site free cash flow and TRS free cash flow projections, the acquisition of CC&V has an implied after-tax transaction IRR of +100%



(1) Total capital costs include sustaining capital, development capital, and reclamation. (2) The Company reports non-GAAP financial measures including FCF and AISC per ounce sold (a common measure in the mining industry), to manage and evaluate its operating performance at its mines; All cash flow figures are presented after tax. FCF is calculated as operating cash flow less capital costs. AISC include costs associated with non-cash inventory movements; please see endnotes and cautionary notes for a

discussion on non-GAAP metrics; 2025 Production illustrated in the graph above represents the full-year guidance range of 90koz to 110koz Au attributable to SSR Mining as well as the 28 koz attributable to prior ownership for the period of January 1 to February 28, 2025

SSR MINING | 13

Seabee: High-Grade Underground in Canada

Quarterly & Full-Year Commentary (1)

Location: Saskatchewan, Canada

Mining: Underground

Processing: Gravity concentration, CIP

Land: ~74,000 ha

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 production of 55.0 koz gold at cost of sales of $1,525/oz and AISC of $2,231/oz

  • Production from Seabee reflected the temporary suspension of operations in Q2 2025 due to the impacts of regional forest fires, as well as the previously guided effort to prioritize underground mine development in H2 2025

  • Continuing to advance near-mine drilling exploration and resource development activity at Santoy and progress engineering at Porky ahead of potential development in 2027

    Operating Results

    Q4 2024

    Q1 2025

    Q2 2025

    Q3 2025

    Q4 2025

    Ore Mined

    kt

    90

    82

    66

    85

    92

    Ore Milled

    kt

    92

    90

    68

    83

    91

    Gold Mill Feed Grade

    g/t

    9.66

    9.00

    5.22

    3.46

    3.16

    Gold Recovery

    %

    97%

    97%

    97%

    95%

    95%

    Gold Production

    oz

    27,811

    26,001

    10,998

    9,118

    8,869

    Total Capital Spend

    $M

    $7.6

    $11.8

    $8.8

    $6.8

    $8.7

    Cost of Sales

    $/oz

    $816

    $890

    $1,785

    $2,185

    $2,435

    AISC (1)

    $/oz

    $1,214

    $1,374

    $2,708

    $3,003

    $3,433

    (1) AISC are a non-GAAP metric; please see endnotes and cautionary notes for a discussion on non-GAAP metrics and additional details; Cost of sales and AISC are reported per ounce of payable metal sold

    La Ronge• Saskatoon•

    • Flin Flon

    SSR MINING | 14



    Puna: Argentina's Largest Producing Silver Mine

    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 cost of sales of $16.74/oz and AISC of $14.24/oz

  • Record throughputs in Q4 2025 and FY 2025 demonstrated delivery of continuous improvement initiatives and drove +$250 million in FY mine site free cash flow

  • Continue to evaluate numerous opportunities to extend Puna's mine life beyond 2028, including additional expansions at the Chinchillas open pit and advancement of the Cortaderas deposit for longer-term growth

    Operating Results

    Q4 2024

    Q1 2025

    Q2 2025

    Q3 2025

    Q4 2025

    Ore Mined

    kt

    750

    627

    475

    367

    332

    Waste Mined

    kt

    1,337

    1,089

    1,592

    1,833

    1,892

    Total Material Mined

    kt

    2,087

    1,716

    2,067

    2,199

    2,225

    Strip Ratio

    w:o

    1.8

    1.7

    3.4

    5.0

    5.7

    Ore Milled

    kt

    489

    454

    492

    506

    513

    Silver Mill Feed Grade

    g/t

    194.0

    177.8

    186.6

    155.9

    129.6

    Silver Recovery

    %

    97%

    97%

    97%

    95%

    96%

    Silver Production

    koz

    2,970

    2,505

    2,849

    2,409

    2,050

    Total Capital Spend

    $M

    $5.0

    $2.0

    $4.0

    $3.1

    $4.8

    Cost of Sales

    $/oz

    $15.84

    $15.51

    $15.03

    $16.80

    $20.13

    AISC (1)

    $/oz

    $16.06

    $13.16

    $12.57

    $13.54

    $18.39

    (1) AISC and mine site free cash flow are non-GAAP metrics; please see endnotes and cautionary notes for a discussion on non-GAAP metrics and additional details; Cost of sales and AISC are reported per ounce of payable metal sold

    Cortaderas

    Pirquitas Mill

    •

    San Salvador de

    Jujuy

    •

    Buenos Aires

    Chinchillas Pit

    Puna Boundary Haul Road

    5km

    Location: Jujuy, Argentina Mining: Open Pit Processing: Flotation Land: ~12,000 ha Ownership: 100%

    SSR MINING | 15



    Hod Maden: World-Class Copper-Gold Project

    Mining: Underground

    Quarterly Commentary Location: Artvin, Türkiye

    Processing: Flotation

  • In Q4 2025, $33.8 million was spent as engineering and initial site establishment

    efforts continued to progress

  • FY2025 spend of $78.2 million in line with guidance of $60 to $100 million

    Project Overview

  • On January 29, 2026, SSR Mining announced the completion of a Technical Report Summary for the Hod Maden project: (1)

    • Estimated after-tax NPV5% of $1.7B and IRR of 39% at consensus commodity prices

    • Life of Mine production projected to total 1.6Moz gold and 209Mlb copper at estimated average cost of sales of $1,120/oz payable gold and by-product AISC of $590/oz payable gold

    • Projected annual after-tax operating cash flow of $343 million and free cash flow of $328 million at consensus metals prices during expected production period of 2028 to 2037

    • SSR Mining's remaining investment is expected to total ~$469 million:

      • $364 million for 40% of the attributable development capital costs

      • $105 million in remaining earn-in and milestone payments

  • In 2023, SSR Mining acquired an up to 40% ownership and immediate operational control in Hod Maden project through an earn-in structured transaction for total consideration of $270 million (2)

(1) All project metrics sourced from the 2026 Hod Maden Technical Report Study and are shown on a 100% basis; SSR Mining currently owns 10% of Hod Maden. See endnotes and cautionary notes for a discussion on the 2026 Hod Maden TRS and associated MRMR

(2) For additional details on the Hod Maden transaction, please see endnotes and refer to the Company's news released on May 8, 2023, filed as a form 8-K on EDGAR at www.sec.gov or on the Company's website at www.ssrmining.com.

Land: ~3,500 ha

Ownership: 10% (1)

Hod Maden

SSR MINING | 16



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

3-Yr Avg Production: 237koz AuEq

5-Yr Avg Production: 223koz AuEq

Gold Production (koz Au)

Copper Production (koz AuEq)

236

206

190

202

172

163

146

92

Y1

Y2

Y3

Y4

Y5

Y6

Y7

Y8

Y9

Y10

214

269

Operating Metrics

Units

Total Material Mined

Mt

9,196

Ore Processed

Mt

7,726

Gold Grade Processed

g/t

7.6

Copper Grade Processed

%

1.3%

Gold Recovery

%

87%

Copper Recovery

%

97%

Total Gold Production

koz

1,609

Total Copper Production

Mlb

209

Total Production

AuEq koz

1,909

Avg Annual Production (2)

AuEq koz

189

Financial Highlights

Total Operating Cash Flow

$M

$3,452

Total Capital Costs

$M

$999

Total FCF (non-GAAP) (1)

$M

$2,453

Average Annual FCF (2)

$M

$328

Cost of Sales (GAAP)

$/oz

$1,120

Cash Costs (non-GAAP) (1)

$/oz

$535

AISC (non-GAAP) (1)

$/oz

$590

After-Tax NPV5%

$M

$1,657

After-Tax IRR

%

39%

(On 100% basis, at consensus gold prices) Life of Mine

  • After-tax NPV5% of $1.7B at consensus gold prices averaging

    $3,167/oz Au and $4.52/lb Cu over the LOM; increases to $2.9B at

    $4,900/oz Au and $5.75/lb Cu

  • Life of mine production is projected to total 1.6 million ounces of gold and 209 million pounds of copper

  • Projected average cost of sales of

    $1,120/oz Au and by-product AISC of $590/oz Au

  • Project execution has been meaningfully de-risked through significant detailed engineering completed since SSR's initial investment

  • Most major development contracts tendered or in place; key project development team members onboard

  • Total remaining development capital spend estimated at $910 million, supported by the high level of design definition in critical areas of project construction planning, including main access roads, earthworks and camp construction

Annual After-Tax Free Cash Flow Profile

$512

(In millions at consensus gold prices)

$429

$345

$377

$324

$355

$287

$273

$263

$114

Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10



All figures are presented on a 100% basis; Graphs are used for illustrative basis for select years; Please see endnotes for additional details

(1) The Company reports non-GAAP financial measures including AISC per ounce of gold sold (a common measure in the mining industry), and Free Cash Flow to manage and evaluate its operating performance at its mines; please see endnotes and cautionary notes for a discussion on non-GAAP metrics (2) Average annual production and Free Cash Flow metrics are calculated over the period of 2028 to 2037. GEOs are calculated using the copper sold multiplied by the ratio of the copper price to the gold price, using the average closing commodity prices for the period stated in the TRS. GEOs sold may not re-calculate based on amounts presented in this table due to rounding.

SSR MINING | 17

Appendix & Endnotes

SSR MINING | 18



Endnotes

Disclosures & References

Çöpler

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, 2025 filed on February 17, 2026. As of April 1, 2024 the Çöpler remediation and containment work was estimated to cost between $250.0 to $300.0 million and take a total of 24 to 36 months to complete. During 2025, the Company spent $21.7 million on reclamation and remediation at Çöpler, bringing total spending related to the Çöpler incident to $149.3 million. At this time, we are not able to estimate or predict if, when, and under what conditions we will resume operations at Çöpler. Please refer to our website at www.ssrmining.com, or our filings on SEDAR at www.sedarplus.ca, and on EDGAR at www.sec.gov.

Hod Maden Development Project

The information contained in this presentation should be read in conjunction with the 2026 Hod Maden TRS. The 2026 Hod Maden TRS has been prepared in accordance with Regulation S-K 1300 and is available as of January 29, 2026 on the Company's website and on a Current Report on Form 8-K filed with the SEC on January 30, 2026. All Hod Maden project metrics referenced are shown on 100% basis unless otherwise noted and are extracted from, or based on, the 2025 Hod Maden TRS.

CC&V

The information contained in this presentation should be read in conjunction with our press release titled "SSR Mining Announces Initial 12 Year Life of Mine Plan for CC&V With an NPV5% of $824M and Potential For Further Mineral Reserve Conversion" dated November 10, 2025 as well as the 2025 CC&V TRS. The 2025 CC&V TRS, with an effective date of July 1, 2025, has been prepared in accordance with Regulation S-K 1300 and will be available by November 14, 2025 on the Company's website and on a Current Report on Form 8-K to be filed with the U.S. SEC. For additional information regarding the CC&V Transaction, please see our press release titled "SSR Mining Announces the Acquisition of Cripple Creek & Victor Gold Mine From Newmont" dated December 6, 2024.

SSR Mining Track Record of Value Creation

Acquisition Value for the SSR Mining / Alacer Merger and non-core asset sales are based on the analyst NAV at announcement; Acquisition Value for all other transactions include initially announced acquisition price, subsequent property acquisitions, earn-in milestone payments and the present value of contingent payments.

Current values are rounded and Analyst NAV are based on broker consensus research as of February 19, 2026; "Realized Cash" means revenue less cost of sales, exploration, evaluation, and reclamation expenditures, cash care and maintenance, capital expenditures and taxes; please see non-GAAP reconciliation for additional details.

SSR Mining's historical capital returns program includes a base dividend and NCIB repurchases between January 1, 2021 and March 31, 2024; Following the Çöpler Incident, the Company suspended dividends and ceased all share repurchases under the 2023 NCIB. On February 17, 2026, the Company announced that the Board of Directors approved a share buyback program of up to $300 million.

Realized proceeds from non-core asset sales include $100 million for the sale of SSR Mining's non-core royalty portfolio on July 29, 2021, $127 million for the sale of the Pitarrilla project on January 13th , 2022, $1.5 million for the sale of Sunrise Lake exploration property on October 17, 2023, $57.5 million for the sale of the San Luis project on November 27, 2023, and approximately $19 million in proceeds from the sale of non-core equity positions from April 1, 2021 to December 31, 2025.

Mineral Reserves and Mineral Resources

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, 2026, the Technical Report Summaries for each of our material properties included as exhibits to our Annual Report on Form 10-K as well as the press release titled "SSR Mining Reports Full-Year Results and 2026 Operating Guidance" dated February 17, 2026.

As per Subpart 1300 of Regulation S-K, the Company's year-end 2025 MRMR are presented on an attributable basis, reflecting the Company's ownership interest in each material property. As of December 31, 2025, SSR Mining owns 80% of the Çöpler district and 10% of the Hod Maden Project. Mineral Resources are presented exclusive of Mineral Reserves.

2025

2024

Mineral Reserves

Gold

Silver

Lead

Zinc

Copper

Gold

Silver

Lead

Zinc

Copper

Metal Prices Assumptions

($/oz)

($/oz)

($/lb)

($/lb)

($/lb)

($/oz)

($/oz)

($/lb)

($/lb)

($/lb)

Marigold

$1,700

-

-

-

-

$1,500

-

-

-

-

CC&V

$1,700

-

-

-

-

N/A

N/A

N/A

N/A

N/A

Seabee

$2,000

-

-

-

-

$1,600

-

-

-

-

Puna

-

$20.50

$0.90

$1.15

-

-

$19.00

$0.90

$1.05

-

Çöpler

$1,450

-

-

-

-

$1,450

-

-

-

-

Hod Maden

$1,700

-

-

-

$3.50

N/A

N/A

-

-

N/A

Corporate

$1,700

$20.50

$0.90

$1.15

$3.50

$1,500

$19.00

$0.90

$1.05

$3.30

2025

2024

Mineral Resources

Metal Prices Assumptions

Gold

($/oz)

Silver

($/oz)

Lead

($/lb)

Zinc

($/lb)

Copper

($/lb)

Gold

($/oz)

Silver

($/oz)

Lead

($/lb)

Zinc

($/lb)

Copper

($/lb)

Marigold

$2,000

-

-

-

-

$1,750

-

-

-

-

CC&V

$2,000

-

-

-

-

N/A

N/A

N/A

N/A

N/A

Seabee

$2,200

-

-

-

-

$1,750

-

-

-

-

Puna

-

$23.00

$0.95

$1.30

-

-

$22.00

$0.95

$1.15

-

Çöpler

$1,750

-

-

-

-

$1,750

-

-

-

-

Hod Maden

$2,000

-

-

-

$4.00

N/A

N/A

-

-

N/A

Corporate

$2,000

$23.00

$0.95

$1.30

$4.00

$1,750

$22.00

$0.95

$1.15

$3.95

Metals prices used for preparation of the Mineral Reserves and Mineral Resources estimates were selected, in each case, by the Qualified Persons. Key assets are summarized in the tables below. Gold equivalent figures are based on the corporate commodity prices listed below.



SSR MINING | 19

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, cash provided by (used in) operating activities before changes in working capital, free cash flow (FCF), free cash flow before changes in working capital, mine site free cash flow, cash costs and AISC per ounce sold to manage and evaluate its operating performance at its mines. These Non-GAAP Measures have no standardized definition under U.S GAAP. For explanations of these measures and reconciliations to the most comparable financial measure calculated under U.S. GAAP, please see "Cautionary Note Regarding Non-GAAP Financial Measures" and "Non-GAAP Reconciliations" in this presentation for additional details.

(in thousands)

Three Months Ended December 31

2025 2024

Year Ended December 31

2025

2024

Cash provided by operating activities (GAAP)

$172,051

$94,979

$471,853

$40,130

For detailed definitions of these Non-GAAP measures and a reconciliation of these financial measures to the most comparable GAAP financial measure, please refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2025 filed on February 17, 2026 as well as the accompanying press release. The Company's 10-K and 10-Q filings are available on our website at www.ssrmining.com, on EDGAR at www.sec.gov, and on SEDAR at www.sedarplus.ca.

Net Cash & Liquidity

Free Cash Flow

As of

(in thousands)

December 31, 2025

December 31, 2024

Cash and cash equivalents (GAAP)

$534,834

$387,882

Restricted cash

$0

$0

Expenditures on mineral properties, plant, and equipment

($65,685)

($38,573)

($230,204)

($143,534)

Total cash (non-GAAP)

$534,834

$387,882

Free cash flow (non-GAAP)

$106,366

$56,406

$241,649

($103,404)

Face value of 2019 convertible note

$230,000

$230,000

Cash provided by (used in) operating activities (GAAP)

$172,051

$94,979

$471,853

$40,130

Other debt

$0

$0

Net change in operating assets and liabilities

$39,440

($5,356)

$172,658

$72,265

Total debt (non-GAAP)

$230,000

$230,000

Cash provided by (used in) operating activities before changes in working capital (non-GAAP)

$211,491

$89,623

$644,511

$112,395

Expenditures on mineral properties, plant, and equipment

($65,685)

($38,573)

($230,204)

($143,534)

Free cash flow before changes in working capital (non-GAAP) $145,806 $51,050 $414,307 ($31,139)

Restricted cash

$0

$0

Borrowing capacity on accordion feature of credit facility

$100,000

$100,000

Total Liquidity (non-GAAP) (1) $1,034,834 $887,882

Borrowing capacity on credit facility $400,000 $400,000

Total cash (non-GAAP) $534,834 $387,882

Cash and cash equivalents (GAAP) $534,834 $387,882

Net cash (debt) (non-GAAP) $304,834 $157,882

Mine Site Free Cash Flow (Year Ended 2025) (2)

(in millions of US dollars, except per share data)

Revenue (GAAP)

Marigold

$4,142

Seabee

$1,564

CC&V

$450

Puna

$459

Cost of sales ($2,265) ($611) ($157) ($162)

Exploration & reclamation ($111) ($108) ($14) ($14)

(1) Excludes $0.5 million in letters of credit. Inclusive of these letters of credit, total liquidity is $1,034.4 million

Cash care and maintenance - ($23) - -

Capital Expenditures ($664) ($292) ($41) ($14)

Mine site free cash flow before taxes (non-GAAP) $1,102 $530 $238 $270

Taxes ($140) ($133) ($32) ($9)

Mine site free cash flow (non-GAAP) $962 $398 $205 $261

(2) Realized cash for CC&V from February 28, 2025, the closing date of the CC&V acquisition, to December 31, 2025;

Numbers presented in this table may not add due to rounding

(3) Represents federal and state taxes paid since acquisition



SSR MINING | 20

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