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Third Quarter 2025 Financial Results November 2025
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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 oriented financial information, or financial outlooks (collectively “forward-looking information”) within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are intended to be covered by the safe harbor provided for under these sections. Forward-looking information may be contained in this document and our other public filings. Forward-looking information relates to statements concerning our outlook and anticipated events or results and in some cases, can be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts, as well as statements written in the future tense. When made, forward-looking statements are based on information known to management at such time and/or management’s good faith belief with respect to future events. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the Company's forward-looking statements. Many of these factors are beyond the Company's ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on forward-looking statements. The key risks and uncertainties include, but are not limited to: local and global political and economic conditions; governmental and regulatory requirements and actions by governmental authorities, including changes in government policy, government ownership requirements, changes in environmental, tax and other laws or regulations and the interpretation thereof; developments with respect to global pandemics, including the duration, severity and scope of a pandemic and potential impacts on mining operations; risks and uncertainties resulting from the Incident at Çöpler described in our Annual Report on Form 10-K for the year ended December 31, 2024; and other risk factors detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission on EDGAR at www.sec.gov the Canadian securities regulatory authorities on SEDAR at www.sedarplus.ca and on our website at www.ssrmining.com. Forward-looking information and statements in this presentation include any statements concerning, among other things: all information related to the Company’s Çöpler operations, including timelines, outlook, preliminary costs, remediation plans, and possible restart plans; forecasts and outlook; preliminary cost reporting in this document; timing, production, operating, cost, and capital expenditure guidance; our operational and development targets and catalysts and the impact of any suspensions on operations; the results of any gold reconciliations; the ability to discover additional ore; the generation of free cash flow and payment of dividends; matters relating to proposed exploration; communications with local stakeholders; maintaining community and government relations; negotiations of joint ventures; negotiation and completion of transactions; commodity prices; Mineral Resources, Mineral Reserves, conversion of Mineral Resources, realization of Mineral Reserves, and the existence or realization of Mineral Resource estimates; the development approach; the timing and amount of future production; the timing of studies, announcements, and analysis; the timing of construction and development of proposed mines and process facilities; capital and operating expenditures; economic conditions; availability of sufficient financing; exploration plans; receipt of regulatory approvals; timing and impact surrounding suspension or interruption of operations as a result of regulatory requirements or actions by governmental authority; any and all forecasts and outlooks relating to the CC&V transaction, timing and realized value and benefits of the development of the CC&V property, including timing of exploration, construction and production, and available liquidity resulting from the CC&V transaction; other timing, exploration, development, operational, financial, budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced by future events or conditions. Such forward-looking information and statements are based on a number of material factors and assumptions, including, but not limited in any manner to, those disclosed in any other of our filings on EDGAR and SEDAR, and include: any assumptions made in respect of the Company’s Çöpler operations; the inherent speculative nature of exploration results; the ability to explore; communications with local stakeholders; maintaining community and governmental relations; status of negotiations of joint ventures; weather conditions at our operations; commodity prices; the ultimate determination of and realization of Mineral Reserves; existence or realization of Mineral Resources; the development approach; availability and receipt of required approvals, titles, licenses and permits; sufficient working capital to develop and operate the mines and implement development plans; access to adequate services and supplies; foreign currency exchange rates; interest rates; access to capital markets and associated cost of funds; availability of a qualified work force; ability to negotiate, finalize, and execute relevant agreements; lack of social opposition to our mines or facilities; lack of legal challenges with respect to our properties; the timing and amount of future production; the ability to meet production, cost, and capital expenditure targets; timing and ability to produce studies and analyses; capital and operating expenditures; economic conditions; availability of sufficient financing; the ultimate ability to mine, process, and sell mineral products on economically favorable terms; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, geopolitical, regulatory and political factors that may influence future events or conditions. While we consider these factors and assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Such factors are not exhaustive of the factors that may affect any of the Company’s forward-looking statements and information, and such statements and information will not be updated to reflect events or circumstances arising after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Forward-looking information and statements are only predictions based on our current estimates and assumptions Actual results may vary materially from such forward-looking information. Other than as required by law, the Company does not intend, and undertake no obligation to update any forward-looking information to reflect, among other things, new information or future events. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of this document. All references to “$” in this presentation are to U.S. dollars unless otherwise stated. Cautionary Note Regarding Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures to assist in understanding the Company’s financial results. The non-GAAP financial measures are employed by us to measure our operating and economic performance and to assist in decision- making, as well as to provide key performance information to senior management. We believe that, in addition to conventional measures prepared in accordance with GAAP, certain investors and other stakeholders will find this information useful to evaluate our operating and financial performance; however, these non-GAAP performance measures – including total cash, total debt, net cash (debt), cash costs, all-in sustaining costs (“AISC”) per ounce sold, adjusted net income (loss) attributable to shareholders, cash generated by (used in) operating activities before changes in working capital, free cash flow, and free cash flow before changes in working capital– do not have any standardized meaning. These performance measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Our definition of our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. These non-GAAP measures should be read in conjunction with our consolidated financial statements. Readers should also refer to the endnotes in this presentation for further information regarding how the Company calculates certain of these measures. Cautionary Notes 2|SSR MINING
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Advance Hod Maden Advance Buffalo Valley at Marigold Puna Mine Life Extension CC&V Close & Integration Advance Çöpler Towards Restart Portfolio-Wide Exploration 2025 Operating Guidance 2025 Priorities CC&V Technical Report Marigold CC&V Seabee Puna Türkiye Çöpler Hod Maden (1) (2) Operations Projects NSR Royalty Key Exploration Diversified Portfolio With Six Key Assets across four core high-quality jurisdictions (1) Free cash flow and total liquidity are non-GAAP metrics as of September 30, 2025 please see end notes and cautionary notes for a discussion on non-GAAP metrics 3rd Largest U.S. Gold Producer long-lived Marigold and CC&V mines provide robust U.S. platform Strong Balance Sheet total liquidity of ~$910M to support growth and capital commitments Large Mineral Reserve Base 8Moz AuEq Mineral Reserves Free Cash Flow Focused strong margins with ~$135M in free cash flow year-to-date Organic Growth & Prudent M&A greenfield and brownfield targets to drive production growth complemented by value accretive M&A (1) Diversified Portfolio with Six Key Assets Focused on Delivering Free Cash Flow and Growth (excludes contributions from Hod Maden and CC&V) 3|SSR MINING (1)
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2025 Third Quarter Results (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, Total Cash, and Total Liquidity are non -GAAP metrics; please see endnotes and cautionary notes for a discussion on non-GAAP metrics 4|SSR MINING Quarterly Operating Summary ▪ Consolidated production was 102.7 k GEOs at cost of sales of $1,585/oz and AISC of $2,359/oz ($ 2,114 ex. Çöpler) ▪ At Marigold, production was 36.3 koz gold at cost of sales of $1,673/oz and AISC of $1,840/oz ▪ At CC&V, production was 29.8 koz gold at cost of sales of $1,394/oz and AISC of $1,756/oz ▪ At Seabee, production was 9.1 koz gold at cost of sales of $2,185/oz and AISC of $3,003/oz ▪ At Puna, production was 2.4 Moz silver at cost of sales of $16.80/oz and AISC of $13.54/oz ▪ At Çöpler, third quarter reclamation & remediation spend totaled $3.2 million and care & maintenance costs totaled $37.3 million Liquidity and Balance Sheet as of September 30, 2025 ▪ Cash and cash equivalent balance of $409.3 million and a net cash position of $179.3 million ▪ Total liquidity of $909.3 million includes undrawn $400 million revolving credit facility and $100 million accordion feature ▪ Operating cash flow of $57.2 million and free cash flow of negative $2.4 million in the quarter ▪ Before working capital adjustments, Q3/25 operating cash flow was $132.1 million and free cash flow was $72.5 million Exploration & Development Activities ▪ Approximately $17.1 million spent at Hod Maden during the third quarter of 2025 as engineering and initial site establishment efforts continued to progress, bringing year-to-date spend to $44.4 million at the project; Updated life of mine plan and construction decision for Hod Maden expected in the coming months ▪ Continue to advance key brownfield growth projects across the portfolio, including Buffalo Valley at Marigold, Cortaderas at Puna, and Porky at Seabee (1) (1) (1)
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Financial Performance Diluted EPS Bridge 2025 Third Quarter Financial Results (1) (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, Total Cash, and Total Liquidity are non -GAAP metrics; please see endnotes and cautionary notes for a discussion on non-GAAP metrics Q3 2025 Q3 2024 Gold Equivalent Production oz 102,673 97,429 Gold Equivalent Sales oz 104,549 96,143 Revenue $M $385.8 $257.4 Net Income (loss) $M $57.1 $6.3 Net Income (loss) Attributable to SSRM Shareholders $M $65.4 $10.6 Net Income (loss) Per Share Attributable (Basic / Diluted) $/sh $0.32 / $0.31 $0.05 / $0.05 Adjusted Net Income Attributable to SSRM Shareholders $M $68.4 $6.4 Adjusted Net Income Per Share (Basic / Diluted) Attributable $/sh $0.34 / $0.32 $0.03 / $0.03 Cash Provided by Operating Activities Before Changes in Working Capital $M $132.1 $13.8 Cash Provided by Operating Activities $M $57.2 ($1.3) Cash Provided by Operating Activities (Basic / Diluted) $/sh $0.28 / $0.26 ($0.01) / ($0.01) Free Cash Flow Before Change in Working Capital $M $72.5 ($18.9) Free Cash Flow $M ($2.4) ($34.1) 5|SSR MINING (1) Q3 2025 As of September 30, 2025 (1) Balance Sheet & Liquidity Strong Financial Position Supports Growth & Capital Commitments $500M Undrawn Revolving Credit Facility + Accordion Feature $409M Total Cash $909M Total Available Liquidity 0.03 0.01 (0.01) (0.02) 0.32 0.31 Attributable Net Income CC&V Transaction Costs Effects of Çöpler Incident Change in FV of Investments FX and Inflation Impacts Adjusted Attributable Net Income Adjusted Attributable Net Income Attributable Net Income CC&V Transaction Costs Çöpler Incident Expenses Change in FV of Investments Tax Related Adjustments
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OUR VALUES Safety First, Always Better Together Be Excellent OUR PURPOSE To create value and leave a legacy through responsible and sustainable operations. 6|SSR MINING The ESG & Sustainability report is available on our website at: www.ssrmining.com/corporate_responsibility Operations
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Reno• Winnemucca• • Elko |SSR MINING 7 Quarterly Commentary ▪ Q3 2025 production of 36.3 koz gold at cost of sales of $1,673/oz and AISC of $1,840/oz; Year-to-date production of 110.8 koz gold at cost of sales of $1,567/oz and AISC of $1,856/oz ▪ Q4 2025 is expected to be a strong period of production, albeit below initial expectations due to ore blending requirements ▪ 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 Marigold: Large-Scale Open Pit in Nevada Location: Nevada, USA Mining: Open Pit Processing: ROM Heap Leach Land: ~20,000 ha Ownership: 100% Operating Results Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Ore Mined kt 7,151 7,343 5,356 3,425 3,379 Waste Mined kt 15,392 17,271 20,455 20,912 20,112 Total Material Mined kt 22,543 24,615 25,811 24,337 23,491 Strip Ratio w:o 2.2 2.4 3.8 6.1 6.0 Ore Stacked kt 7,151 7,343 5,356 3,426 3,379 Gold Grade Stacked g/t 0.36 0.42 0.33 0.62 0.35 Gold Production oz 48,189 59,702 38,586 35,906 36,273 Total Capital Spend $M $11.1 $12.5 $15.3 $18.8 $13.4 Cost of Sales $/oz $1,573 $1,406 $1,453 $1,584 $1,673 AISC (1) $/oz $1,828 $1,638 $1,765 $1,977 $1,840 (1) (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 •Red Dot
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•Denver |SSR MINING 8 Operating Results Q1 2025 Q2 2025 Q3 2025 Ore Mined kt 1,824 3,441 6,923 Waste Mined kt 1,571 4,880 2,496 Total Material Mined kt 3,395 8,321 9,419 Strip Ratio w:o 0.9 1.4 0.4 Ore Stacked kt 1,859 3,519 7,020 Gold Grade Stacked g/t 0.36 0.50 0.40 Gold Production oz 11,282 44,062 29,821 Total Capital Spend $M $1.4 $14.4 $15.2 Cost of Sales $/oz $1,590 $1,116 $1,394 AISC (1) $/oz $1,774 $1,339 $1,756 Quarterly Commentary ▪ Q3 2025 production of 29.8 koz gold at cost of sales of $1,394/oz and AISC of $1,756/oz; Year-to-date production of 85.2 koz gold at cost of sales of $1,272/oz and AISC of $1,536/oz ▪ A technical report for CC&V remains on track for publication in 2025 ▪ Continuing to evaluate and advance opportunities for future optimization and Mineral Resource conversion CC&V: Long-Lived Asset With Further Upside (1) •Red Dot Acquisition Highlights ▪ Transaction closed February 28, 2025 ▪ Consideration consists of a $100 million upfront cash payment and $175 million in milestone payments ▪ Since the acquisition, CC&V has generated nearly $115 million in mine site free cash flow (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 (2) Q1 2025 operating results represents the period from February 28, 2025 to March 31, 2025; 2025 Guidance represents the period of February 28, 2025 to December 31, 2025 (2) Location: Colorado, USA Mining: Open Pit Processing: ROM, two- stage crushing Land: ~6,075 ha Ownership: 100%
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• • Flin Flon• Saskatoon La Ronge Seabee: High-Grade Underground in Canada Quarterly Commentary ▪ Q3 2025 production of 9.1 koz gold at cost of sales of $2,185/oz and AISCof $3,003/oz; Year-to-date production of 46.1 koz gold at cost of sales of $1,351/oz and AISC of $2,002/oz ▪ Operating results in Q3 2025 reflected the concerted effort to prioritize underground mine development to increase ore availability and lower than expected grades ▪ Continuing to advance exploration and resource development activities across the Seabee property, particularly near-mine extension opportunities at Santoy and continued evaluation of the Porky targets (1) (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 Location: Saskatchewan, Canada Mining: Underground Processing: Gravity concentration, CIP Land: ~74,000 ha Ownership: 100% Operating Results Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Ore Mined kt 56 90 82 66 85 Ore Milled kt 56 92 90 68 83 Gold Mill Feed Grade g/t 6.10 9.66 9.00 5.22 3.46 Gold Recovery % 96% 97% 97% 97% 95% Gold Production oz 10,252 27,811 26,001 10,998 9,118 Total Capital Spend $M $3.3 $7.6 $11.8 $8.8 $6.8 Cost of Sales $/oz $1,280 $816 $890 $1,785 $2,185 AISC (1) $/oz $2,301 $1,214 $1,374 $2,708 $3,003 9|SSR MINING
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Buenos Aires • San Salvador de Jujuy • Puna: Argentina’s Largest Producing Silver Mine Operating Results Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Ore Mined kt 648 750 627 475 367 Waste Mined kt 1,535 1,337 1,089 1,592 1,833 Total Material Mined kt 2,183 2,087 1,716 2,067 2,199 Strip Ratio w:o 2.4 1.8 1.7 3.4 5.0 Ore Milled kt 486 489 454 492 506 Silver Mill Feed Grade g/t 190.5 194.0 177.8 186.6 155.9 Silver Recovery % 97% 97% 97% 97% 95% Silver Production koz 2,885 2,970 2,505 2,849 2,409 Total Capital Spend $M $4.9 $5.0 $2.0 $4.0 $3.1 Cost of Sales $/oz $16.06 $15.84 $15.51 $15.03 $16.80 AISC (1) $/oz $15.37 $16.06 $13.16 $12.57 $13.54 Quarterly Commentary ▪ Q3 2025 production of 2.4 Moz silver at cost of sales of $16.80/oz and AISC of $13.54/oz; Year-to-date production of 7.8 Moz silver at cost of sales of $15.80/oz and AISC of $13.09/oz ▪ Continued advancement of extension opportunities at Chinchillas following the initial three-year mine life extension highlighted in SSR Mining’s Q2 2025 results ▪ Ongoing evaluation of the Cortaderas project as a longer-term growth pathway for Puna (1) Location: Jujuy, Argentina Mining: Open Pit Processing: Flotation Land: ~12,000 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 10|SSR MINING
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Hod Maden: World-Class Copper-Gold Project ▪ 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 (1) ▪ Hod Maden is located in northeastern Türkiye within the Eastern Pontides metallogenic belt; Project is road accessible, within 200km of multiple ports on the Black Sea & connected to National power grid ▪ Long hole stoping underground mining and 800ktpa (~2,220tpd) processing plant producing gold-rich copper concentrate + pyrite concentrate (2) ▪ EIA received in 2021, majority of key permits already in place Project Overview Location: Artvin, Türkiye Mining: Underground Processing: Flotation Land: ~3,500 ha Ownership: 10% (1) (1) For additional details on the Hod Maden transaction, please see endnotes and refer to the Company’s news released on May 8, 2 023, filed as a form 8-K on EDGAR at www.sec.gov or on the Company’s website at www.ssrmining.com. (2) All project metrics sourced from the 2021 Feasibility Study and are shown on a 100% basis ▪ In Q3 2025, $17.1 million was spent as engineering and initial site establishment efforts continued to progress, bringing year-to-date spend to $44.4 million ▪ Full-year 2025 attributable growth capital expenditures are expected to total between $60 and $100 million ▪ The Company expects to provide an updated life of mine plan and construction decision for Hod Maden in the coming months 11|SSR MINING Quarterly Commentary
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Appendix & Endnotes 12|SSR MINING
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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 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 the second quarter of 2025, the Company recorded an adjustment of reclamation and remediation costs associated with the Çöpler incident of $62.9 million, comprised of $9.4 million related to reclamation costs and $53.5 million related to remediation costs. At that time, the estimate was revised to $312.9 million, an increase of $12.9 million above the previously disclosed estimated reclamation and remediation cost range. Please refer to our Quarterly Report on Form 10-Q for the period ended June 30, 2025 filed on August 5, 2025 for additional information regarding this adjustment. At this time, we are not able to estimate or predict when and under what conditions we will resume operations at Çöpler. Additionally, SSR Mining cannot, at this time, assess the entire scope of the impact of operating under the 2014 EIA. Further updates on the Çöpler Incident, as and when available will continue to be provided through press releases and updates to the Company’s website. 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. 2) 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, 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. See also the Company’s 10-K and 10-Q filings, available on our website at www.ssrmining.com, on EDGAR at www.sec.gov, and on SEDAR at www.sedarplus.ca, for detailed definitions of these Non- GAAP measures. 4) 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, 2024 filed on February 18, 2025 and the Technical Report Summaries for each of our material properties included as exhibits to our Annual Report on Form 10-K. As per Subpart 1300 of Regulation S-K, the Company’s year-end 2024 MRMR are presented on an attributable basis, reflecting the Company’s ownership interest in each material property. As of December 31, 2024, SSR Mining owns 80% of the Çöpler district. SSR Mining has not reflected the CC&V or the Hod Maden Mineral Reserves and Mineral Resources into its consolidated MRMR. As of December 31, 2024, SSR Mining’s ownership in Hod Maden is 10%. MRMR shown in the presentation is based on 40% attributable to SSR Mining to reflect interest available to SSR Mining upon completion of earn-in structured cash milestone payments. All gold equivalent ounces (GEO or AuEq) figures are based on the commodity prices listed in the Annual Report. Metal equivalence is calculated for the respective and applicable metals as follows: GEO = Au oz + ((Ag oz * Ag price) + (Pb lb * Pb price per pound) + (Zn lb * Zn price per pound) + (Cu lb * Cu price per pound)) / (Au price per ounce). 5) All Hod Maden project metrics referenced are extracted from, or based on, the Feasibility Study - Technical Report NI 43-101 (“2021 Feasibility Study”) filed July 10, 2022 and effective February 28, 2021 in compliance with the requirements of Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The 2021 Feasibility Study is available as part of the public filings of Horizon Copper Corp. available on SEDAR at www.sedar.com. Readers should also refer to the Company’s investor presentation and news release related to this transaction on May 8, 2023, filed as a Current Report on Form 8-K with the SEC and available under the Company’s corporate profile on EDGAR at www.sec.gov or on the Company’s website at www.ssrmining.com. 6) The 2019 convertible notes mature on April 1, 2039 and bear interest at 2.50% payable semi-annually and are convertible by holders into the Company’s common shares, based on an initial conversion rate of 56.7931 common shares per $1,000 principal amount. Prior to April 1, 2026, the Company may redeem all or part of the notes for cash, but only if the last reported sale price of the Company’s common shares exceeds 130% of the conversion price. On or after April 1, 2026, the Company may redeem the 2019 Notes, in whole or in part, for cash equal to 100% of the 2019 Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. Holders may require the Company to purchase all or a portion of their 2019 Notes on each of April 1, 2026, April 1, 2029, and April 1, 2034 for cash at a purchase price equal to 100% of the principal amount of the 2019 Notes to be purchased, plus accrued and unpaid interest, if any, to, but excluding, the purchase date. 7) Financial and operational figures presented in this presentation may not add due to rounding. Endnotes & Non-GAAP Reconciliation 13|SSR MINING Three Months Ended September 30 Nine Months Ended September 30 (in thousands) 2025 2024 2025 2024 Cash provided by operating activities (GAAP) $57,156 ($1,348) $299,802 ($54,849) Expenditures on mineral properties, plant, and equipment ($59,557) ($32,750) ($164,519) ($104,961) Free cash flow (non-GAAP) ($2,401) ($34,098) $135,283 ($159,810) Cash provided by (used in) operating activities (GAAP) $57,156 ($1,348) $299,802 ($54,849) Net change in operating assets and liabilities $74,894 $15,158 $133,218 $77,621 Cash provided by (used in) operating activities before changes in working capital (non-GAAP) $132,050 $13,810 $433,020 $22,772 Expenditures on mineral properties, plant, and equipment ($59,557) ($32,750) ($164,519) ($104,961) Free cash flow before changes in working capital (non-GAAP) $72,493 ($18,940) $268,501 ($82,189) Free Cash Flow As of (in thousands) September 30, 2025 December 31, 2024 Cash and cash equivalents (GAAP) $409,332 $387,882 Restricted cash $0 — Total cash (non-GAAP) $409,332 $387,882 Face value of 2019 convertible note $230,000 $230,000 Other debt $0 — Total debt (non-GAAP) $230,000 $230,000 Net cash (debt) (non-GAAP) $179,332 $157,882 Cash and cash equivalents (GAAP) $409,332 $387,882 Restricted cash $0 — Total cash (non-GAAP) $409,332 $387,882 Borrowing capacity on credit facility $400,000 $400,000 Borrowing capacity on accordion feature of credit facility $100,000 $100,000 Total Liquidity (non-GAAP) (1) $909,332 $887,882 1) Excludes $0.5 million in letters of credit. Inclusive of these letters of credit, total liquidity is $908.9 million Net Cash & Liquidity
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Non-GAAP Reconciliation 1) Excludes depreciation, depletion, and amortization. 2) Care and maintenance expense only includes direct costs not associated with environmental reclamation and remediation costs, as depreciation is not included in the calculation of AISC. 3) General and administrative expense for the three months ended September 30, 2025 included $19.8 million in share based compensation expense. 4) GEOs are calculated using the silver ounces sold multiplied by the ratio of the silver price to the gold price, using the average closing commodity prices for the period. The Company does not include copper, lead, or zinc as they are considered by-products. GEOs sold may not re-calculate based on amounts presented in this table due to rounding. Three Months Ended September 30, 2025 (in thousands, unless otherwise noted) Marigold CC&V Seabee Puna Corporate Total(Excluding Çöpler) Çöpler Consolidated Cost of sales (GAAP) (1) $62,436 $38,961 $19,661 $44,624 — $165,682 — $165,682 By-product credits ($45) ($352) ($15) ($12,806) — ($13,218) — ($13,218) Treatment and refining charges $49 $2 $11 ($1,060) — ($998) — ($998) Cash costs (non-GAAP) $62,440 $38,611 $19,657 $30,758 — $151,466 — $151,466 Sustaining capital and lease related expenditures $5,439 $6,638 $6,842 $3,101 — $22,020 $2,826 $24,846 Sustaining exploration and evaluation expense $134 — — — — $134 — $134 Care and Maintenance (2) — — — — — — $22,361 $22,361 Reclamation cost accretion and amortization $661 $3,838 $525 $2,114 — $7,138 $449 $7,587 General and administrative expense and stock-based compensation expense (3) — — — — $40,228 $40,228 — $40,228 Total AISC (non-GAAP) $68,674 $49,087 $27,024 $35,973 $40,228 $220,986 $25,636 $246,622 Gold sold (oz) 37,318 27,950 9,000 — — 74,268 — 74,268 Silver sold (oz) — — — 2,656,819 — 2,656,819 — 2,657 Gold equivalent sold (oz) (4) 37,318 27,950 9,000 30,281 — 104,549 — 104,549 Cost of sales per gold ounce sold $1,673 $1,394 $2,185 N/A N/A N/A NA N/A Cost of sales per silver ounce sold N/A N/A N/A $16.80 N/A N/A N/A N/A Cost of sales per gold equivalent ounce sold (4) $1,673 $1,394 $2,185 $1,474 N/A $1,585 NA $1,585 Cash cost per gold ounce sold $1,673 $1,381 $2,184 N/A N/A N/A NA N/A Cash cost per silver ounce sold N/A N/A N/A $11.58 N/A N/A N/A N/A Cash cost per gold equivalent ounce sold (4) $1,673 $1,381 $2,184 $1,016 N/A $1,449 NA $1,449 AISC per gold ounce sold $1,840 $1,756 $3,003 N/A N/A N/A NA N/A AISC per silver ounce sold N/A N/A N/A $13.54 N/A N/A N/A N/A AISC per gold equivalent ounce sold (4) $1,840 $1,756 $3,003 $1,188 N/A $2,114 NA $2,359 Cash Costs and AISC 14|SSR MINING
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Non-GAAP Reconciliation 1) Figures may not add due to rounding. 2) CC&V figures are presented as of February 28, 2025 onwards to account for attributable production to SSR Mining following the close of the CC&V transaction. Prior to the closing of the acquisition, CC&V produced 28,000 ounces of gold. For the full year, inclusive of ounces produced under Newmont’s ownership, CC&V is expected to produce between 118,000 and 138,000 ounces of gold. 3) The Company reports the non-GAAP financial measures of cash costs and AISC per ounce of gold sold to manage and evaluate operating performance at its mines. AISC includes reclamation cost accretion and amortization and certain lease payments. Total AISC includes G&A costs and share-based compensation, but excludes any care & maintenance costs incurred at Çöpler. Consolidated AISC reflects cash care & maintenance costs of approximately $20 - $25 million per quarter incurred at Çöpler until the mine is restarted. 4) Refer to “2025 Capital Guidance” table within our press release dated March 31, 2025 for a breakdown of sustaining exploration and evaluation expenditures. No material capital expenditures are expected at Çöpler until the mine is restarted. 5) Share-based compensation guidance uses a reference price of approximately US$15 per share. 6) Reflects the cash component of care & maintenance expenses that would be incurred at Çöpler in the event the operation did not restart within 2025. SSR Mining continues to work closely with the relevant authorities in Türkiye to advance the restart of the Çöpler mine, but at this time the Company is not able to estimate or predict when and under what conditions operations will resume. 2025 Operating Guidance (operating guidance 100% basis) (1) Marigold CC&V (2) Seabee Puna Corporate Total (Excluding Çöpler) Çöpler Consolidated Gold Production koz 160 – 190 90 – 110 70 – 80 — — 320 – 380 — 320 – 380 Silver Production Moz — — — 8.00 – 8.75 — 8.00 – 8.75 — 8.00 – 8.75 Gold Equivalent Production koz 160 – 190 90 – 110 70 – 80 90 – 100 — 410 – 480 — 410 – 480 Gold Sold koz 160 – 190 90 – 110 70 – 80 — — 320 – 380 — 320 – 380 Silver Sold Moz — — — 8.00 – 8.75 — 8.00 – 8.75 — 8.00 – 8.75 Gold Equivalent Sold koz 160 – 190 90 – 110 70 – 80 90 – 100 — 410 – 480 — 410 – 480 Cost of Sales (GAAP) $M 245 – 298 132 – 166 86 – 102 100 – 123 — 563 – 689 — 563 – 689 By-Product Credits + Treatment & Refining Costs $M — (1) — (8) — (10) — (10) Cash Cost (non-GAAP) (3) $M 245 – 298 131 – 165 86 – 102 92 – 114 — 554 – 679 — 554 – 679 Sustaining Capital Expenditures (4) $M 45 27 32 15 — 119 — 119 Reclamation Cost Accretion & Amortization $M 3 9 3 9 — 24 — 24 General & Administrative $M — — — — 60 – 65 60 – 65 — 60 – 65 Share-Based Compensation (5) $M — — — — 30 – 35 30 – 35 — 30 – 35 Care & Maintenance (6) $M — — — — — — 80 – 100 80 – 100 All-In Sustaining Cost (non-GAAP) (3) $M 293 – 346 166 – 201 121 – 137 115 – 138 90 – 100 786 – 921 80 – 100 866 – 1,021 Cost of Sales per Ounce (GAAP) (3) $/oz 1,530 – 1,570 1,470 – 1,510 1,230 – 1,270 12.50 – 14.00 — 1,375 – 1,435 — 1,375 – 1,435 Cash Cost per Ounce (non-GAAP) (3) $/oz 1,530 – 1,570 1,460 – 1,500 1,230 – 1,270 11.35 – 12.85 — 1,350 – 1,410 — 1,350 – 1,410 All-In Sustaining Cost per Ounce (non-GAAP) (3) $/oz 1,800 – 1,840 1,800 – 1,840 1,710 – 1,750 14.25 – 15.75 — 1,890 – 1,950 — 2,090 – 2,150 15|SSR MINING
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Non-GAAP Reconciliation 1) For the three months ended September 30, 2025, the effects of the Çöpler Incident represent contingencies and expenses of $1.9 million (presented net of pre-tax attributable non-controlling interest of $0.5 million). For the nine months ended September 30, 2025, the effects of the Çöpler Incident represent (1) reclamation costs of $7.5 million (presented net of pre-tax attributable non-controlling interest of $1.9 million) and remediation costs of $42.8 million (presented net of pre-tax attributable non-controlling interest of $10.7 million) and (2) contingencies and expenses of $5.0 million (presented net of pre-tax attributable non-controlling interest of $1.3 million). For the nine months ended September 30, 2024, the effects of the Çöpler Incident represent (1) reclamation costs of $9.0 million (presented net of pre-tax attributable non-controlling interest of $2.2 million) and remediation costs of $209.3 million (presented net of pre-tax attributable non-controlling interest of $52.4 million); (2) impairment charges of $91.4 million (presented net of pre-tax attributable non-controlling interest of $22.8 million) related to plans to permanently close the heap leach pad; and (3) contingencies and expenses of $10.3 million (presented net of pre-tax attributable non- controlling interest of $2.6 million). 2) For the three and nine months ended September 30, 2025, represents $35.5 million (presented net of pre-tax attributable non-controlling interest of $8.9 million) of business interruption insurance proceeds received associated with the Çöpler Incident. 3) Adjusted net income (loss) per diluted share attributable to SSR Mining shareholders is calculated using diluted common shares, which are calculated in accordance with GAAP. For the three months ended September 30, 2024, $1.2 million of interest savings on 2019 Notes, net of tax, and dilutive potential shares of approximately 13.0 million were excluded from the computation of diluted loss per common share attributable to SSR Mining shareholders in the Condensed Consolidated Statement of Operations as they were antidilutive. For the nine months ended September 30, 2024, $3.7 million of interest savings on 2019 Notes, net of tax, and dilutive potential shares of approximately 13.3 million were excluded from the computation of diluted loss per common share attributable to SSR Mining shareholders in the Condensed Consolidated Statement of Operations as they were antidilutive. These interest savings and shares were included in the computation of adjusted net income (loss) per diluted share attributable to SSR Mining shareholders for the nine months ended September 30, 2024. Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share) 2025 2024 2025 2024 Net income (loss) attributable to SSR Mining shareholders (GAAP) $65,441 $10,557 $214,297 ($266,832) Interest saving on 2019 notes, net of tax $1,248 — $3,727 — Net income (loss) used in the calculation of diluted net income per share $66,689 $10,557 $218,024 ($266,832) Weighted-average shares used in the calculation of net income (loss) per share Basic 202,783 202,140 202,660 202,209 Diluted 217,464 202,447 217,018 202,209 Net income (loss) per share attributable to SSR Mining shareholders (GAAP) Basic $0.32 $0.05 $1.06 ($1.32) Diluted $0.31 $0.05 $1.00 ($1.32) Adjustments: CC&V transaction and integration costs $7,287 — $19,040 — Effects of the Çöpler Incident (1) $1,929 ($1,939) $55,359 $319,981 Insurance proceeds received related to the Çöpler Incident (2) — — ($35,527) — Impairment of long lived and other assets — $369 — $369 Change in fair value of marketable securities ($3,021) ($330) ($6,742) ($6,749) Income tax impact related to above adjustments $638 $187 $1,593 $1,208 Inflationary impacts on tax balances ($3,920) ($2,484) ($8,017) ($11,652) Adjusted net income attributable to SSR Mining shareholders (Non-GAAP) $68,354 $6,360 $240,003 $36,325 Adjusted net income per share attributable to SSR Mining shareholders (Non -GAAP) Basic $0.34 $0.03 $1.18 $0.18 Diluted (3) $0.32 $0.03 $1.12 $0.18 Adjusted Attributable Net Income per Share 16|SSR MINING
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www.ssrmining.com invest@ssrmining.com SSR Mining Inc. Website: www.ssrmining.com Email: invest@ssrmining.com Toll-free: +1 (888) 338-0046 SSRM:NASDAQ / TSX