SSRM · SSR Mining Inc.

SSR Mining's Q1 2026 results from continuing operations showed robust growth, with revenue surging to $581.8 million from $316.6 million year-over-year, driven by higher gold prices averaging $4,770 per ounce realized and increased production across key assets. Operating income rose to $300.4 million from $106.8 million, reflecting strong mine performance at Marigold (37,730 oz gold), CC&V (38,298 oz, strong post-acquisition ramp-up), and Seabee despite lower output. Net income from continuing operations hit $252.5 million ($1.16 diluted EPS), bolstered by $299.6 million operating cash flow and $210.8 million free cash flow, excluding discontinued Çöpler. Consolidated AISC of $2,433 per GEO was elevated due to mine-specific factors like Marigold's sustaining capital timing and Seabee's winter road costs, but all sites remain on track for full-year guidance: 450,000-535,000 GEOs overall, with Marigold 170k-200k oz at $1,720-$1,790 cost of sales/$2,320-$2,390 AISC, CC&V 125k-150k oz at $1,420-$1,490/$1,780-$1,850, and Seabee 60k-70k oz at $1,480-$1,550/$2,170-$2,240. The definitive Çöpler sale for $1.5 billion cash, announced March 24, classifies it as discontinued, crystallizing gains and shifting focus to Americas assets. Balance sheet strengthened to $634.1 million cash, $1.13 billion liquidity, zero significant debt post-Convertible Notes conversion/redemption ($230M principal to 13.1M shares). $300 million share buyback completed post-quarter (9.2M shares) underscores capital return discipline, totaling $775 million since 2021. Hod Maden strategic review ongoing with minimal capex; brownfield growth at Buffalo Valley, Cortaderas, Porky advances $35 million 2026 exploration spend. Executive Chairman Rod Antal highlighted the Çöpler transaction and CC&V integration positioning SSR as a free cash flow leader in the Americas.