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SSR MINING News Release February 17 , 2021 SSR MINING REPORTS FOURTH QUARTER AND YEAR - END 2020 RESULTS FOURTH QUARTER FREE CASH FLOW OF $ 157 MILLION AND ADJUSTED ATTRIBUTABLE EPS OF $ 0.50 PER SHARE DENVER , CO - SSR Mining Inc. ( NASDAQ / TSX : SSRM , ASX : SSR ) ( " SSR Mining " or " the Company " ) reports consolidated financial results for the fourth quarter and year ended December 31 , 2020 . Rod Antal , President and CEO said , " We exited 2020 with strong operational and financial momentum across all four of our operating assets . The fourth quarter represented the first full quarter following the completion of the Alacer merger , and the results demonstrated the strength of the business with 220,000 gold - equivalent ounces produced at $ 976 per ounce AISC and $ 157 million in free cash flow . Given our strong balance sheet we declared our first quarterly dividend in line with our recently instituted capital allocation policy . Our peer leading free cash flow will also provide us the opportunity to assess additional capital returns to shareholders in the form of supplemental dividends and / or share buy - back programs in the future . In 2021 , we remain focused on execution and delivery with the goal of demonstrating our organic ability to sustain 700,000 to 800,000 gold - equivalent ounces of production for the next 5+ years . Our large brownfield growth and exploration pipeline will take center - stage this year as we advance projects and provide clarity on their potential scale and timelines . " Fourth Quarter and Year - End 2020 Highlights : ( All figures are in U.S. dollars unless otherwise noted ) Closed zero - premium merger with Alacer : On September 16 , 2020 , completed the transaction with Alacer to create a leading intermediate precious metals producer with robust margins , strong free cash flow generation and long mine lives led by a highly experienced leadership team with a track record of value creation . Robust free cash flow : Reported fourth quarter attributable net income of $ 89.0 million , or $ 0.41 per share , and adjusted attributable net income of $ 108.8 million , or $ 0.50 per share . Generated cash flows from operating activities of $ 217.4 million and free cash flow of $ 157.0 million in the fourth quarter . ( 1 ) Record fourth quarter performance : Delivered fourth quarter production of 220,432 gold equivalent ounces at AISC of $ 976 per gold equivalent ounce , exiting the year with strong operational momentum . ( 1 ) SSR Mining Inc. PAGE 1