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Fourth Quarter & Full-Year 2025 Financial Results February 2026
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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. Financial and operational figures presented in this presentation may not add due to rounding. Maps included within this presentation are provided for illustrative purposes only. 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, including if, when, and under what conditions we will be able to resume operations, if at all, and any impact of the incident on our operations in Türkiye, described in our most recent Annual Report on Form 10-K; and other risk factors detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission (“SEC”) 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 if, when, and under what conditions we will be authorized to resume 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: the uncertainty related to and the assumptions made in respect of the Company’s Çöpler operations as a result of the incident and any impact of such incident on our operations in Türkiye as described above; 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, free cash flow before changes in working capital, and mine site free cash flow – 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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Organic Growth & Prudent M&A greenfield & brownfield targets to drive production growth complemented by value accretive M&A; Hod Maden development project IRR of 39% Free Cash Flow Focused strong margins with >$240M in free cash flow in 2025 Diversified Portfolio With Six Key Assets exposure to gold, silver and copper production across four core high-quality jurisdictions Strong Balance Sheet total cash of $535M; total liquidity of $1.0B to support growth and capital commitments 3rd Largest U.S. Gold Producer long-lived Marigold and CC&V mines provide robust U.S. platform 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 Marigold CC&V Seabee Puna Türkiye Çöpler Hod Maden (1) (2) Operations Projects NSR Royalty Key Exploration (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 (2) Diversified Portfolio with Six Key Assets Focused on Delivering Free Cash Flow and Growth 3|SSR MINING (1) (1) Buffalo Valley New Millenium Porky Cortaderas Amisk
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Growth Portfolio Update Compelling Opportunities for Potential Mine Life Extensions Across the Portfolio 4|SSR MINING Hod Maden New Millennium Buffalo Valley Porky Amisk Chinchillas / Melina 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) (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 (2)
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▪ 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) Project Overview ▪ 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 Quarterly Commentary Location: Artvin, Türkiye Mining: Underground Processing: Flotation Land: ~3,500 ha Ownership: 10% (1) Hod Maden: World-Class Copper-Gold Project (1) All project metrics sourced from the 2026 Hod Maden Technical Report Study and are shown on a 100% basis; SSR Mining currentl y 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, 2 023, filed as a form 8-K on EDGAR at www.sec.gov or on the Company’s website at www.ssrmining.com. Hod Maden 5|SSR MINING
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$429 $512 $345 $377 $324 $355 $287 $273 $114 $263 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Production SummaryHighlights • 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 Key Metrics 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 (On 100% basis, at consensus gold prices) Life of Mine 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% 6|SSR MINING Annual After-Tax Free Cash Flow Profile All figures are presented on a 100% basis; Graphs are used for illustrative basis for select years; Please see endnotes for a dditional 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 usin g 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. 5-Yr Avg Production: 223koz AuEq3-Yr Avg Production: 237koz AuEq (In millions at consensus gold prices) Gold Production (koz Au) Copper Production (koz AuEq) 236 269 206 214 190 202 172 163 92 146 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 (koz AuEq)
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Annual Gold Equivalent Production (koz) Marigold Çöpler Puna SeabeeCC&V 168 154 12579 55124 11428 2024A 2025A 2026E 2026 Operating Guidance 2026 Guidance (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. 7|SSR MINING (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 170 – 200 125 – 150 60 – 70 95 – 115 399 447 450 – 535
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2025 Fourth Quarter Results (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 8|SSR MINING Quarterly Operating Summary ▪ Q4 2025 consolidated production was 120.3 k GEOs at cost of sales of $1,613/oz and AISC of $2,250/oz ($2,002 ex. Çöpler) ▪ 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 ▪ Operating cash flow of $172.1 million and free cash flow of $106.4 million in the quarter ▪ 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 ▪ At Hod Maden, $33.8 million spent during the quarter as engineering and initial site establishment efforts progressed ▪ In Q1 2026, published a TRS for the Hod Maden development project with a $1.7B NPV5% and 39% IRR at consensus commodity prices ▪ Continuing to advance key brownfield growth projects across the portfolio, including Buffalo Valley at Marigold, Cortaderas at Puna, and Porky at Seabee (1) (1) (2) Please see endnotes and cautionary notes for additional information regarding Technical Report Summaries (2) (1) (2)
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Financial & Operating Performance Balance Sheet & Liquidity 2025 Fourth Quarter & Full-Year 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, and Total Liquidity are non -GAAP metrics; please see endnotes and cautionary n otes for a discussion on non-GAAP metrics 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 9|SSR MINING (1) 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 Strong Financial Position Supports Growth & Capital Commitments $1,035M Total Available Liquidity $500M Undrawn Revolving Credit Facility + Accordion Feature $535M Total Cash
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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. 10|SSR MINING The ESG & Sustainability report is available on our website at: www.ssrmining.com/corporate_responsibility Operations
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Attributable Mineral Reserves & Mineral Resources 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 Five-Year Changes to Gold Equivalent Mineral Reserves (Moz) 2025 Mineral Reserves & Mineral Resources (1) MRMR shown as attributable to SSR Mining only; Çöpler shown at 80% attributable; Hod Maden shown at 10% attributable; Measure d 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 11|SSR MINING (1) Highlights ▪ 2025YE total attributable P+P Mineral Reserves of 11.0Moz gold equivalent, increased 38% YoY inclusive of mined depletion ▪ 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) ▪ 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 2020YE Mineral Reserves Depletion Additions 2025YE Mineral Reserves (ex M&A) M&A 2025YE Mineral Reserves 2020YE Mineral Reserves Depletion Additions 2025YE Mineral Reserves (ex M&A) M&A 2025YE Mineral Reserves (1) 8.2Moz (3.3Moz) Figure 1. Changes to SSR Mining’s Consolidated Gold Equivalent Mineral Reserves (Moz) 3.4Moz 8.3Moz 2.7Moz 11.0Moz 8.2Moz (3.3Moz) 3.4Moz 8.3Moz 2.7Moz 11.0Moz
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Reno• Winnemucca• • Elko |SSR MINING 12 Quarterly & Full-Year Commentary ▪ 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 ▪ 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 ▪ 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 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 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 (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 13 Quarterly & Full-Year Commentary ▪ 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; 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) ▪ CC&V generated over $200 million in mine site free cash flow since its acquisition Operating Results Q1 2025 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 CC&V: Long-Lived Asset With Further Upside (1) •Red Dot (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 (2) Location: Colorado, USA Mining: Open Pit Processing: ROM, two- stage crushing Land: ~6,075 ha Ownership: 100% (2) Q1 2025 operating results represents the period from February 28, 2025, the closing date of the CC&V acquisition, to March 31, 2025 (3) Please see endnotes and cautionary notes for additional information regarding Technical Report Summaries
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• • Flin Flon• Saskatoon La Ronge Seabee: High-Grade Underground in Canada Quarterly & Full-Year Commentary ▪ Q4 2025 production of 8.9 koz gold at cost of sales of $2,435/oz and AISCof $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 (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 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 14|SSR MINING
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Buenos Aires • San Salvador de Jujuy • Puna: Argentina’s Largest Producing Silver Mine 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 Quarterly & Full-Year Commentary ▪ 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 (1) Location: Jujuy, Argentina Mining: Open Pit Processing: Flotation Land: ~12,000 ha Ownership: 100% (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 15|SSR MINING
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Appendix & Endnotes 16|SSR MINING
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|SSR MINING 17 Third Largest Gold Producer in the USA Denver Marigold Location: Nevada, USA 2026e Production: 170 – 200 koz Au CC&V Location: Colorado, USA 2026e Production: 125 – 150 koz Au 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 | 17 July 2025 Reserves July 2025 Resources CC&V Mineral Resources Mineral Reserves 2.7Moz 4.8Moz 2.0Moz 2024YE Reserves 2024YE Resources 3.2Moz 1.8Moz 0.5Moz MARIGOLD Mineral Resources Mineral Reserves Combined Reserves Combined Resources USA CONSOLIDATED 5.9Moz 6.6Moz 2.4Moz Mineral Resources Mineral Reserves 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 Reserv es See endnotes and cautionary notes for additional information
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Production Summary Financial & Operating Highlights CC&V: 2025 Technical Report Summary (TRS) After-Tax NPV5% of $824 Million at Consensus Gold Prices; ~$1.5 Billion at Spot Gold Prices Three-Year Profile 2026 – 2028 Five-Year Profile 2026 – 2030 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 $2,135 18|SSR MINING After-Tax NPV5% Sensitivity ($M) Commentary • 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% 144 118 141 137 146 119 114 131 141 96 76 39 56 53 50 48 45 43 41 39 37 35 33 31 30 28 27 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 138 5-Yr Avg Production: 131koz 3-Yr Avg Production: 141koz $340 $824 $1,299 $1,767 $2,754 (-15%) Consensus $3,240 $3,726 (15%) $4,212 (30%) 15% increase in gold price adds ~$470M to NAV 12-year operating mine life; 26-years of total production at consensus gold prices (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 A u attributable to SSR Mining as well as the 28 koz attributable to prior ownership for the period of January 1 to February 28, 2025
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19|SSR MINING 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, 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 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 The information contained in this presentation should be read in conjunction with our press release titled “SSR Mining Announces Results of the Hod Maden Technical Report Summary With $1.66B NPV5% and 39% IRR” dated January 29, 2026 as well as 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. For additional information regarding the Hod Maden Transaction, please see our press release titled “SSR Mining Announces the Acquisition of an up to 40% Ownership Interest and Operatorship in the Hod Maden Gold-Copper Project Through an Earn-in Structured Transaction” dated May 8, 2023. 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 $824M and Potential For Further Mineral Reserve Conversion” dated November 10, 2025 as well as the 2025 CC&V TRS. The 2025 CC&V TRS, with an effective date of July 1, 2025, has been prepared in accordance with Regulation S- K 1300 and will be available by November 14, 2025 on the Company’s website and on a Current Report on Form 8-K to be filed with the U.S. SEC. For additional information regarding the CC&V Transaction, please see our press release titled “SSR Mining Announces the Acquisition of Cripple Creek & Victor Gold Mine From Newmont” dated December 6, 2024. Endnotes Mineral Reserves and Mineral Resources The Mineral Reserves and Mineral Resources (“MRMR”) information should be read in conjunction with Item 2. Properties in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed on February 17, 2026, the Technical Report Summaries for each of our material properties included as exhibits to our Annual Report on Form 10-K as well as the press release titled “SSR Mining Reports Full-Year Results and 2026 Operating Guidance” dated February 17, 2026. As per Subpart 1300 of Regulation S-K, the Company’s year-end 2025 MRMR are presented on an attributable basis, reflecting the Company’s ownership interest in each material property. As of December 31, 2025, SSR Mining owns 80% of the Çöpler district and 10% of the Hod Maden Project. Mineral Resources are presented exclusive of Mineral Reserves. Metals prices used for preparation of the Mineral Reserves and Mineral Resources estimates were selected, in each case, by the Qualified Persons. Key assets are summarized in the tables below. Gold equivalent figures are based on the corporate commodity prices listed below. 2025 2024 Mineral Reserves Gold Silver Lead Zinc Copper Gold Silver Lead Zinc Copper Metal Prices Assumptions ($/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 $3.30 2025 2024 Mineral Resources Gold Silver Lead Zinc Copper Gold Silver Lead Zinc Copper Metal Prices Assumptions ($/oz) ($/oz) ($/lb) ($/lb) ($/lb) ($/oz) ($/oz) ($/lb) ($/lb) ($/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 Disclosures & References
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20|SSR MINING 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. 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. Endnotes: Non-GAAP Reconciliations Three Months Ended December 31 Year Ended December 31 (in thousands) 2025 2024 2025 2024 Cash provided by operating activities (GAAP) $172,051 $94,979 $471,853 $40,130 Expenditures on mineral properties, plant, and equipment ($65,685) ($38,573) ($230,204) ($143,534) Free cash flow (non-GAAP) $106,366 $56,406 $241,649 ($103,404) Cash provided by (used in) operating activities (GAAP) $172,051 $94,979 $471,853 $40,130 Net change in operating assets and liabilities $39,440 ($5,356) $172,658 $72,265 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) 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 Total cash (non-GAAP) $534,834 $387,882 Face value of 2019 convertible note $230,000 $230,000 Other debt $0 $0 Total debt (non-GAAP) $230,000 $230,000 Net cash (debt) (non-GAAP) $304,834 $157,882 Cash and cash equivalents (GAAP) $534,834 $387,882 Restricted cash $0 $0 Total cash (non-GAAP) $534,834 $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) $1,034,834 $887,882 (1) Excludes $0.5 million in letters of credit. Inclusive of these letters of credit, total liquidity is $1,034.4 million Net Cash & Liquidity Mine Site Free Cash Flow (Year Ended 2025) (2) (in millions of US dollars, except per share data) CC&V Puna Revenue (GAAP) $450 $459 Cost of sales ($157) ($162) Exploration & reclamation ($14) ($14) Capital Expenditures ($41) ($14) Mine site free cash flow before taxes (non-GAAP) $238 $270 Taxes ($33) ($9) Mine site free cash flow (non-GAAP) $205 $261 (2) Realized cash for CC&V from February 28, 2025, the closing date of the CC&V acquisition, to December 31, 2025 and for Puna the year ended December 31, 2025
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Endnotes: Non-GAAP Reconciliation (Continued) 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 December 31, 2025 included $3.5 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 December 31, 2025 (in thousands, unless otherwise noted) Marigold CC&V Seabee Puna Corporate Total(Excluding Çöpler) Çöpler Consolidated Cost of sales (GAAP) (1) $74,295 $50,468 $21,062 $42,205 — $188,032 — $188,032 By-product credits ($56) ($330) ($17) ($9,557) — ($9,959) — ($9,959) Treatment and refining charges $65 $285 $18 ($753) — ($385) — ($385) Cash costs (non-GAAP) $74,305 $50,423 $21,063 $31,896 — $177,687 — $177,687 Sustaining capital and lease related expenditures $9,880 $8,718 $8,099 $4,819 — $31,517 $2,508 $34,024 Sustaining exploration and evaluation expense ($33) — — — — ($33) — ($33) Care and maintenance (2) — — — — — — $26,029 $26,029 Reclamation cost accretion and amortization $896 $3,838 $530 $1,843 — $7,107 $476 $7,583 General and administrative expense and stock-based compensation expense (3) — — — — $17,066 $17,066 — $17,066 Total AISC (non-GAAP) $85,048 $62,979 $29,692 $38,558 $17,066 $233,344 $29,013 $262,357 Gold sold (oz) 40,709 39,460 8,650 — — 88,819 — 88,819 Silver sold (oz) — — — 2,097,073 — 2,097,073 — 2,097,073 Gold equivalent sold (oz) (4) 40,709 39,460 8,650 27,762 — 116,581 — 116,581 Cost of sales per gold ounce sold $1,825 $1,279 $2,435 N/A N/A N/A N/A N/A Cost of sales per silver ounce sold N/A N/A N/A $20.13 N/A N/A N/A N/A Cost of sales per gold equivalent ounce sold (4) $1,825 $1,279 $2,435 $1,520 N/A $1,613 N/A $1,613 Cash cost per gold ounce sold $1,825 $1,278 $2,435 N/A N/A N/A N/A N/A Cash cost per silver ounce sold N/A N/A N/A $15.21 N/A N/A N/A N/A Cash cost per gold equivalent ounce sold (4) $1,825 $1,278 $2,435 $1,149 N/A $1,524 N/A $1,524 AISC per gold ounce sold $2,089 $1,596 $3,433 N/A N/A N/A N/A N/A AISC per silver ounce sold N/A N/A N/A $18.39 N/A N/A N/A N/A AISC per gold equivalent ounce sold (4) $2,089 $1,596 $3,433 $1,389 N/A $2,002 N/A $2,250 Cash Costs and AISC 21|SSR MINING
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Endnotes: Non-GAAP Reconciliation (Continued) 1) CC&V data presented represents the period from February 28, 2025, the closing date of the CC&V acquisition, to December 31, 2025. 2) Excludes depreciation, depletion, and amortization. 3) 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. 4) General and administrative expense for the year ended December 31, 2025 included $42.2 million in share based compensation expense. 5) 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. Year Ended December 31, 2025 (in thousands, unless otherwise noted) Marigold CC&V (1) Seabee Puna Corporate Total(Excluding Çöpler) Çöpler Consolidated Cost of sales (GAAP) (2) $251,833 $157,397 $82,328 $161,745 — $653,303 — $653,303 By-product credits ($172) ($1,395) ($72) ($45,618) — ($47,257) — ($47,257) Treatment and refining charges $273 $291 $94 ($2,156) — ($1,498) — ($1,498) Cash costs (non-GAAP) $251,934 $156,293 $82,350 $113,971 — $604,548 — $604,548 Sustaining capital and lease related expenditures $38,758 $23,023 $35,451 $13,897 — $111,129 $9,955 $121,084 Sustaining exploration and evaluation expense $1,775 — — — — $1,775 — $1,775 Care and maintenance (3) — — $234 — — $234 $90,748 $90,982 Reclamation cost accretion and amortization $2,920 $12,792 $2,443 $9,761 — $27,916 $1,771 $29,687 General and administrative expense and stock-based compensation expense (4) — — — — $107,823 $107,823 — $107,823 Total AISC (non-GAAP) $295,387 $192,108 $120,478 $137,629 $107,823 $853,425 $102,474 $955,899 Gold sold (oz) 154,024 123,510 54,000 — — 331,534 — 331,534 Silver sold (oz) — — — 9,662,630 — 9,662,630 — 9,662,630 Gold equivalent sold (oz) (5) 154,024 123,510 54,000 112,368 — 443,902 — 443,902 Cost of sales per gold ounce sold $1,635 $1,274 $1,525 N/A N/A N/A N/A N/A Cost of sales per silver ounce sold N/A N/A N/A $16.74 N/A N/A N/A N/A Cost of sales per gold equivalent ounce sold (5) $1,635 $1,274 $1,525 $1,439 N/A $1,472 N/A $1,472 Cash cost per gold ounce sold $1,636 $1,265 $1,525 N/A N/A N/A N/A N/A Cash cost per silver ounce sold N/A N/A N/A $11.79 N/A N/A N/A N/A Cash cost per gold equivalent ounce sold (5) $1,636 $1,265 $1,525 $1,014 N/A $1,362 N/A $1,362 AISC per gold ounce sold $1,918 $1,555 $2,231 N/A N/A N/A N/A N/A AISC per silver ounce sold N/A N/A N/A $14.24 N/A N/A N/A N/A AISC per gold equivalent ounce sold (5) $1,918 $1,555 $2,231 $1,225 N/A $1,923 N/A $2,153 Cash Costs and AISC 22|SSR MINING
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Endnotes: Non-GAAP Reconciliation (Continued) 1) Amounts presented on 100% basis. Figures may not add due to rounding. As of December 31, 2025, SSR Mining owns 80% of Çöpler. The Company has not reflected any production, operating costs, or capital forecasts for Çöpler in its 2026 guidance. In 2026, in an effort to limit the impact of gold and silver price volatility, SSR Mining will fix its gold to silver ratio for the purposes of GEO calculations to 63:1, reflecting the 60-day average trading prices for each metal. See “Assumptions” section in the press release titled “SSR Mining Reports Full-Year Results and 2026 Operating Guidance” dated February 17, 2026 for additional information. 2) The Company reports non-GAAP financial measures including cash costs and AISC per ounce sold to manage and evaluate its operating performance at its mines. Cost of sales excludes depreciation, depletion, and amortization. Total AISC includes G&A costs and share-based compensation, but excludes any care & maintenance costs incurred at Çöpler. Consolidated AISC reflects the cash component of care & maintenance costs incurred at Çöpler in the event the operation did not restart within 2026. 3) Refer to “2026 Capital Guidance” table within the press release titled “SSR Mining Reports Full-Year Results and 2026 Operating Guidance” dated February 17, 2026 for a breakdown of sustaining capital expenditures. No material capital expenditures are expected at Çöpler until the mine is restarted. 4) Share-based compensation guidance uses a reference price of approximately US$32.50 per share. 5) Reflects the cash component of care & maintenance expenses of approximately $20 - $25 million per quarter that would be incurred at Çöpler in the event the operation did not restart within 2026. 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. 2026 Operating Guidance (operating guidance 100% basis) (1) Marigold CC&V Seabee Puna Corporate Total (Excluding Çöpler) Çöpler Consolidated Gold Production koz 170 - 200 125 - 150 60 - 70 — — 355 - 420 — 355 - 420 Silver Production Moz — — — 6.25 - 7.00 — 6.25 - 7.00 — 6.25 - 7.00 Gold Equivalent Production koz 170 - 200 125 - 150 60 - 70 95 - 115 — 450 - 535 — 450 - 535 Gold Sold koz 170 - 200 125 - 150 60 - 70 - — 355 - 420 — 355 - 420 Silver Sold Moz — — — 6.25 - 7.00 — 6.25 - 7.00 — 6.25 - 7.00 Gold Equivalent Sold koz 170 - 200 125 - 150 60 - 70 95 - 115 — 450 - 535 — 450 - 535 Cost of Sales (GAAP) $M 292 - 358 178 - 224 89 - 109 141 - 168 — 700 - 859 — 700 - 859 By-Product Credits + Treatment & Refining Costs $M — (1) — (35) — (36) — (36) Cash Cost (non-GAAP) (2) $M 292 - 358 177 - 223 89 - 109 106 - 133 — 664 - 823 — 664 - 823 Sustaining Capital Expenditures (3) $M 108 34 42 18 — 202 — 202 Reclamation Cost Accretion & Amortization $M 3 15 2 2 — 22 — 22 General & Administrative $M — — — — 65 - 70 65 - 70 — 65 - 70 Share-Based Compensation (4) $M — — — — 50 - 60 50 - 60 — 50 - 60 Care & Maintenance (5) $M — — — — — — 80 – 100 80 – 100 All-In Sustaining Cost (non-GAAP) (2) $M 403 - 469 226 - 272 133 - 153 126 - 153 115 - 130 1,003 - 1,177 80 – 100 1,083 - 1,277 Cost of Sales per Ounce (GAAP) (2) $/oz 1,720 - 1,790 1,420 - 1,490 1,480 - 1,550 22.30 - 24.30 — 1,560 - 1,640 — 1,560 - 1,640 Cash Cost per Ounce (non-GAAP) (2) $/oz 1,720 - 1,790 1,410 - 1,480 1,480 - 1,550 17.00 - 19.00 — 1,480 - 1,560 — 1,480 - 1,560 All-In Sustaining Cost per Ounce (non-GAAP) (2) $/oz 2,320 - 2,390 1,780 - 1,850 2,170 - 2,240 20.00 - 22.00 — 2,180 - 2,260 — 2,360 - 2,440 23|SSR MINING
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Endnotes: Non-GAAP Reconciliation (Continued) 1) For the three months ended December 31, 2025 and 2024, represents transaction and integration costs of $3.1 million and $1.7 million, respectively. For the years ended December 31, 2025 and 2024, represents transaction and integration costs of $22.2 million and $1.7 million, respectively, related to the CC&V transaction. 2) For the three months ended December 31, 2025, the effects of the Çöpler Incident represent contingencies and expenses of $0.6 million (presented net of pre-tax attributable non-controlling interest of $0.1 million). For the year ended December 31, 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 $5.6 million (presented net of pre-tax attributable non-controlling interest of $1.4 million). For the year ended December 31, 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 $209.4 million (presented net of pre-tax attributable non-controlling interest of $52.4 million); (2) impairment charges of $91.4 million related to plans to permanently close the heap leach pad (amount is presented net of pre-tax attributable non-controlling interest of $22.8 million); and (3) contingencies and expenses of $11.3 million (amount is presented net of pre-tax attributable non-controlling interest of $2.8 million). 3) For the year ended December 31, 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. 4) Represents non-cash gains or losses recognized in earnings from the remeasurement of acquisition-related contingent consideration. The adjustment reflects a change in the expected timing of settlement associated with the Carlton Tunnel permit modification related to CC&V. For more information, see the Company’s Annual Report, Note 23 to the consolidated financial statements. 5) Represents revisions in cost estimate assumptions associated with water management and tailings storage facilities at Puna that have no substantive future economic value. 6) For the year ended December 31, 2024, impairment of long lived and other assets are related to remote equipment damaged due to forest fires near Seabee. Three Months Ended December 31, Year Ended December 31, (in thousands, except per share) 2025 2024 2025 2024 Net income (loss) attributable to SSR Mining shareholders (GAAP) $181,457 $5,555 $395,754 ($261,277) Interest saving on 2019 notes, net of tax $1,250 — $4,977 — Net income (loss) used in the calculation of diluted net income per share $182,707 $5,555 $400,731 ($261,277) Weighted-average shares used in the calculation of net income (loss) per share Basic 202,994 202,403 202,745 202,258 Diluted 217,612 202,877 217,026 202,258 Net income (loss) per share attributable to SSR Mining shareholders (GAAP) Basic $0.89 $0.03 $1.95 ($1.29) Diluted $0.84 $0.03 $1.85 ($1.29) Adjustments: CC&V transaction and integration costs (1) $3,137 $1,698 $22,177 $1,698 Effects of the Çöpler Incident (2) $581 $1,013 $55,940 $320,994 Insurance proceeds received related to the Çöpler Incident (3) — — ($35,527) — Change in fair value of contingent consideration (4) $13,261 — $13,261 — Reclamation costs (5) — $14,310 — $14,310 Impairment of long-lived and other assets (6) — — — $369 Changes in fair value of marketable securities ($2,755) ($927) ($9,497) ($7,676) Income tax impact related to above adjustments ($2,634) $232 ($1,041) $1,440 Inflationary impacts on tax balances ($2,582) ($615) ($10,599) ($12,267) Adjusted net income attributable to SSR Mining shareholders (Non -GAAP) $190,465 $21,266 $430,468 $57,591 Adjusted net income per share attributable to SSR Mining shareholders (Non -GAAP) (7) Basic $0.94 $0.11 $2.12 $0.28 Diluted (7) $0.88 $0.10 $2.01 $0.28 Adjusted Attributable Net Income per Share 24|SSR MINING 7) 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 year ended December 31, 2024, $5.0 million interest saving on 2019 Notes, net of tax, and potentially dilutive shares of approximately 12.9 million were excluded from the computation of diluted loss per common share attributable to SSR Mining shareholders in the Consolidated Statement of Operations as they were antidilutive. 0.3 million shares were included in the computation of adjusted net income (loss) per diluted share attributable to SSR Mining shareholders for the year ended December 31, 2024.
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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