What changed in SSR MINING INC.'s 2025 10-K compared to 2024?

Across the narrative sections we track, SSR MINING INC. (SSRM) added 704 paragraphs, removed 719, and edited 487 between the 2024 and 2025 10-K filings. The biggest movers are Item 2. Properties (+294/−271), Item 1A. Risk Factors (+183/−194), Item 7. Management's Discussion & Analysis (+127/−144).

Did SSR MINING INC. add new Risk Factors in the 2025 10-K?

Yes — Item 1A Risk Factors shows 183 new/edited paragraphs and 194 removed paragraphs versus the 2024 10-K.

What changed in SSR MINING INC.'s MD&A (Item 7) in 2025?

Item 7 Management's Discussion & Analysis shows 127 new/edited paragraphs and 144 removed paragraphs year-over-year. Read the side-by-side diff to see exactly which revenue, margin, and outlook commentary was rewritten.

Did SSR MINING INC. update its Cybersecurity disclosure (Item 1C) in 2025?

Item 1C Cybersecurity has 3 paragraph-level changes between the 2024 and 2025 filings.

Did SSR MINING INC.'s Legal Proceedings (Item 3) change in 2025?

Item 3 shows 9 added/edited paragraphs and 8 removed paragraphs — usually indicating new litigation disclosed or settled cases removed.

Where does this SSRM 10-K diff come from?

The source filings are SSR MINING INC.'s official 2024 and 2025 Form 10-K annual reports from SEC EDGAR. 10q10k.net parses each filing, aligns paragraphs by section (Item 1, 1A, 1C, 2, 3, 7, 7A), and highlights every added, removed and edited sentence side-by-side.

What changed in SSR MINING INC.'s 10-K — 2024 vs 2025

Paragraph-level year-over-year comparison of SSR MINING INC.'s 2024 and 2025 10-K annual filings, covering the Business, Risk Factors, Legal Proceedings, Cybersecurity, MD&A and Market Risk sections. Every new, removed and edited paragraph is highlighted side-by-side so you can see exactly what management changed in the 2025 report.

+704 added−719 removedSource: 10-K (2026-02-17) vs 10-K (2025-02-18)

Top changes in SSR MINING INC.'s 2025 10-K

704 paragraphs added · 719 removed · 487 edited across 9 sections

Item 2. Properties+294 / −271 · 191 edited
Item 1A. Risk Factors+183 / −194 · 164 edited
Item 7. Management's Discussion & Analysis+127 / −144 · 98 edited
Item 1. Business+58 / −65
Item 7A. Quantitative and Qualitative Disclosures About Market Risk+18 / −18 · 13 edited

Item 1. Business

Business — how the company describes what it does

0 edited+58 added−65 removed0 unchanged

2024 filing

2025 filing

Removed

ITEM 1. BUSINESS Introduction SSR Mining Inc. and its subsidiaries (collectively, “SSR Mining,” or “Company”) is a precious metals mining company with four assets located in the United States, Türkiye, Canada and Argentina. The Company is primarily engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Türkiye and the Americas.

Added

Item 1. Business - Çöpler Incident ” , all operations at Çöpler have ceased following the Çöpler Incident and we are unable to determine at this time when operations at Çöpler will resume, if at all.

Removed

The Company produces gold doré as well as copper, silver, lead and zinc concentrates. In this report, “SSR Mining,” the “Company,” “our,” “us” and “we” refer to SSR Mining Inc. together with its affiliates and subsidiaries, unless the context otherwise requires. All currency references herein are in United States dollars (“USD”) unless otherwise indicated.

Added

We have not determined that, if we resume operations at Çöpler, the resource estimates by mineral for Çöpler presented below continues to be accurate or will be accurate at such time as the Company resumes operations at Çöpler. We have begun the process to permanently decommission the heap leach and will cease heap leach processing at Çöpler.

Removed

References to “CAD” or the use of the symbol “C$” refers to Canadian dollars. References to “TRY” are to the lawful currency of Türkiye, the Turkish Lira. References to “ARS” are to the lawful currency of Argentina, the Argentine peso.

Added

Mineral Resources are presented exclusive of Mineral Reserves. Due to the uncertainty that may be attached to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration.

Removed

Segment Information The Company’s operations consist of four mine sites - Çöpler, located in Erzincan Province, Türkiye (“Çöpler”), Marigold, located in Nevada, United States (“Marigold”), Seabee, located in Saskatchewan, Canada (“Seabee”), and Puna, located in Jujuy Province, Argentina (“Puna”) - each of which is a reportable operating segment and which are also referred to as producing assets.

Added

The Mineral Resources presented below as of December 31, 2025 have been prepared in accordance with the U.S. Securities and Exchange Commission (“SEC”) Regulation S-K subpart 1300 rules for Property Disclosures for Mining Registrants (“S-K 1300”), and have been approved by the Qualified Persons.

Removed

The contributions to revenue by reportable operating segment for the year ended December 31, 2024 were 7% from Çöpler (2023 – 31%; 2022 – 31%), 41% from Marigold (2023 – 38%; 2022 – 30%), 19% from Seabee (2023 – 11%; 2022 – 21%) and 33% from Puna (2023 – 20%; 2022 – 18%).

Added

Mineral Resources metal prices used for preparation of the 2025 Resource estimate, which were selected, in each case, by the applicable Qualified Persons for each property, are: $2,000 per gold ounce, $23.00 per silver ounce, $0.95 per lead pound, $1.30 per zinc pound, and $4.00 per copper pound unless otherwise stated.

Removed

See Note 5 to the Consolidated Financial Statements for further information relating to reportable operating segments. The Company also participates in exploration and development activities at properties located in the United States, Argentina, Canada and Türkiye. See Item 2. Properties, for further information about the Company’s production and exploration properties. Principal Products Çöpler, Marigold and Seabee produce gold doré.

Added

The Mineral Resource metal price assumptions for 2024 report are: $1,750 per gold ounce, $22.00 per silver ounce, $0.95 per lead pound, $1.15 per zinc pound, and $3.95 per copper pound unless otherwise stated. Otherwise, the assumptions set forth in the respective Technical Report Summaries remain current.

Removed

Doré is unrefined gold bullion bars usually consisting of in excess of 90% gold, which is subsequently refined by a third party to gold bullion. The Company sells gold doré produced at Marigold and Seabee primarily to banks, and sells gold doré produced at Çöpler to the Central Bank of Türkiye .

Added

The point of reference for Mineral Resources is the point of feed into the processing facility for all projects except for Marigold and CC&V, which is entry into the carbon columns in the processing facility. Metals shown in the tables below are contained metals in ore mined and processed.

Removed

Puna produces silver, lead and zinc concentrates, which are sold to smelters or traders for further refining. During 2024, sales of gold doré accounted for 67% of revenue, with 30% sold to Canadian Imperial Bank of Commerce (“CIBC”) and 13% sold to Asahi Refining.

Added

Tonnage is metric kilo tonnes (“kt”), ounces (“oz”) represent troy ounces, grade is grams per metric tonne (“g/t”), copper, lead and zinc grade are percent (“%”), and copper, lead and zinc metal are in million pounds (“Mlbs”).

Removed

During 2023, sales of gold doré accounted for 80% of revenue, with 31% sold to Central Bank of Türkiye and 33% to CIBC. During 2022, sales of gold doré accounted for 82% of revenue, with 31% sold to Central Bank of Türkiye, 28% to CIBC and 16% to Bank of Montreal.

Added

Figures may vary due to rounding. 97 Table of Contents The following tables summarize the Company’s estimated gold resources exclusive of Mineral Reserves attributable to SSR Mining’s ownership or economic interest as of December 31, 2025 and December 31, 2024 for each of its production and exploration assets: Gold Resources as of December 31, 2025 Measured Indicated Measured and Indicated Inferred SSR Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold Deposit Country Share (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Çöpler (OP)* (1)(2)(3)(4)(5)(6) Türkiye 80% 8,605 1.15 319 18,572 1.22 729 27,177 1.20 1,048 18,886 1.61 979 Marigold (OP) (7)(8)(9) United States 100% — — — 126,629 0.44 1,807 126,629 0.44 1,807 36,903 0.38 453 CC&V (OP) (10)(11) United States 100% 157,034 0.49 2,456 149,020 0.43 2,078 306,054 0.46 4,534 149,352 0.41 1,963 CC&V (Stockpile) (10)(11) United States 100% — — — 32,028 0.26 272 32,028 0.26 272 — — — Seabee (UG) (12) Canada 100% 296 5.31 50 1,402 3.58 162 1,698 3.88 212 1,605 3.94 203 Amisk (OP) (13) Canada 100% — — — 43,976 0.73 1,028 43,976 0.73 1,028 49,985 0.52 830 Hod Maden (UG) (14) Türkiye 10% 62 23.45 47 110 5.40 19 172 11.90 66 257 3.40 28 165,997 0.54 2,872 371,737 0.51 6,095 537,734 0.52 8,967 256,988 0.54 4,456 98 Table of Contents * Operations at Çöpler are currently suspended and we are unable to determine at this time when operations at Çöpler will resume, if at all.

Removed

The Company sells lead and zinc concentrate with high silver content, through contractual arrangements with smelters and traders located in Asia and Europe.

Added

See Item 1. Business - Çöpler Incident. (1) Çöpler Mineral Resources include resources from Çöpler Mine, Greater Cakmaktepe, and Bayramdere. Çöpler Mineral Resources were assessed for reasonable prospects for eventual economic extraction by reporting only material that fell within conceptual pit shells. (2) Çöpler Mineral Resources shown are SSR Mining ownership share only.

Removed

The concentrates are sold under supply contracts updated annually or as needed through spot sales, with processing fees based on the demand for the concentrates in the global marketplace. 3 The Company’s product revenue by category for the following years was as fol lows: Year Ended December 31, Product Revenue (1) 2024 2023 2022 Gold 67 % 80 % 82 % Silver 27 % 15 % 14 % Lead 5 % 3 % 3 % Zinc — % 1 % 1 % Other (2) 1 % 1 % — % (1) The Company also realizes de minimis revenue from copper.

Added

SSR Mining owns 80% of both Anagold and Kartaltepe licenses. (3) Çöpler Mineral Resources are reported based on $1,750/oz gold price.

Removed

(2) Other revenue includes: changes in the fair value of concentrate trade receivables due to changes in silver and base metal prices; and silver and copper by-product revenue arising from the production and sale of gold doré.

Added

(4) Çöpler ore definitions: oxide grind leach material is defined as material (5) Çöpler Mineral Resources are reported at the variable NSR cut-off value based on different metallurgical parameters: grind leach oxide ore uses a NSR cut-off value of $19.26/t, Çöpler sulfide ore uses a NSR cut-off value of $39.87/t, and Greater Çakmaktepe sulfide ore uses a NSR cut-off value of $44.37/t.

Removed

For information on the mineral resources and mineral reserves for each operating asset, see Item 2, “Proven and Probable Reserve Estimates” and “Resource Estimates.” The market prices of gold and silver are key drivers of the Company’s profitability.

Added

All NSR cut-off values include allowances for payability, deductions, transport, and royalties. Silver credits are not incorporated into NSR calculations. (6) Çöpler metallurgical recovery for grind leach varies between 53.0-90.0% based on lithology; metallurgical recovery for sulfide varies between 81.0-91.0% based on lithology. (7) Marigold Mineral Resource estimate includes Marigold Mine and Buffalo Valley.

Removed

The prices of gold and silver can fluctuate widely and are affected by a number of macroeconomic factors, including global or regional consumption patterns, the supply of, and demand for gold and silver, interest rates, exchange rates, inflation or deflation, and the political and economic conditions of major gold- and silver-producing and gold- and silver-consuming countries throughout the world.

Added

(8) Marigold Mineral Resource estimate is based on an optimized pit shell at a cut-off grade of 0.069 g/t payable gold (gold assay factored for recovery, royalty, and net proceeds). Buffalo Valley is based on a cut-off grade of 0.10 g/t to 0.32 g/t contained gold based on material types. (9) Marigold metallurgical recoveries varies with gold grade.

Removed

Importantly, the price of gold and silver can be impacted by their role as safe havens during periods of market turmoil and as defense against the perceived inflationary impacts and currency depreciation caused by the responses of governments and central banking authorities to various economic threats. See Item 1A. Risk Factors, for further information.

Added

Marigold Mine and Buffalo Valley average recovery is 75.5% and 67.1%, respectively. (10) CC&V Mineral Resource estimate is based on an optimized pit shell.

Removed

The London Bullion Market Association (“LBMA”) average gold and silver prices for the following years were as follows: Year Ended December 31, 2024 2023 2022 LBMA Average Gold Prices Per Ounce $ 2,387 $ 1,943 $ 1,800 LBMA Average Silver Prices Per Ounce $ 28.25 $ 23.39 $ 21.73 See Item 7.

Added

CC&V Mineral Resources are reported at a gold cut-off grade for crush leach of 0.10 g/t gold extractable cyanide soluble (factored for metallurgical recovery) and run for mine leach of 0.069 g/t gold extractable cyanide soluble (factored for metallurgical recovery). (11) CC&V metallurgical recoveries varies with gold grade, ranging between 24.8-94.9%.

Removed

Management’s Discussion and Analysis of Financial Condition and Results of Operations, below, for further information relating to metal prices. For further details, see “Consolidated Results” and “Results of Operations” in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations. Competition The precious and base metals mineral exploration and mining business is competitive.

Added

(12) Seabee Mineral Resources are reported based on $2,200/oz gold price. Seabee Mineral Resources includes Santoy 8, Santoy 9, Hanging Wall and Porky West lodes. Seabee Mineral Resources were assessed for reasonable prospects for eventual economic extraction by reporting material that fell within conceptual underground shapes.

Removed

Competition with other mining and exploration companies is significant and is primarily for: mineral properties that can be developed and produced economically; technical experts that can find, develop and mine such mineral properties; labor to operate the mineral properties; and capital to finance exploration, development and operations. Many larger competitors have additional financial and technical resources available to them.

Added

Seabee Mineral Resources are reported using a cut-off grade of 2.76 g/t for Santoy 8, Santoy 9, and Hanging Wall and 2.92 g/t for Porky West. Metallurgical recoveries vary with gold grade and on average recoveries are 96.1% for Santoy area ore and 96.0% for Porky West ores. (13) Amisk is an exploration property.

Removed

If the Company is unsuccessful in acquiring or retaining the required technical, financial or personnel resources, the Company may not be able to replace mineral reserves, maintain production or grow. See Item 1A.

Added

Mineral Resources are reported based on $1,750/oz gold price and $22.00/oz silver price. Amisk Mineral Resources are reported using a gold equivalent cut-off grade of 0.30 g/t and includes silver attributable ounces. Average gold recovery is 90.0%. Amisk Mineral Resources are reviewed by internal SSR Mining Qualified Persons, as defined under Regulation S-K 1300.

Removed

Risk Factors for further information. 4 Licenses and Concessions Other than operating licenses for our mining and processing facilities, there are no third party patents, licenses or franchises material to our business. However, we conduct our mining and exploration activities pursuant to concessions granted by, or under contracts with, the host government, including the United States, Canada, Argentina, and Türkiye.

Added

(14) Hod Maden is a development property. Mineral Resources are based on optimized stope shapes, minimum mining width of 2 meters with no dilution has been considered while optimizing the stope shapes. Mineral Resources are reported based on NSR cut-off value of $99/t.

Removed

The concessions and contracts are subject to the political risks associated with the host country.

Added

Metallurgical recoveries vary between 82.0-90.0% for gold and 95.0-98.0% for copper based on grade and sulfur. 99 Table of Contents Gold Resources as of December 31, 2024 Measured Indicated Measured and Indicated Inferred SSR Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold Deposit Country Share (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Çöpler (OP)* (1)(2)(3)(4)(5)(6) Türkiye 80% 8,605 1.15 319 18,572 1.22 729 27,177 1.20 1,048 18,886 1.61 979 Marigold (OP) (7)(8)(9) United States 100% — — — 147,310 0.40 1,910 147,310 0.40 1,910 18,031 0.43 249 Seabee (UG) (10) Canada 100% 290 6.34 59 2,150 5.10 352 2,441 5.24 412 1,464 4.37 206 Amisk (OP) (11) Canada 100% — — — 43,976 0.73 1,028 43,976 0.73 1,028 49,985 0.52 830 8,895 1.32 378 212,008 0.59 4,019 220,904 0.62 4,398 88,366 0.80 2,264 * Operations at Çöpler are currently suspended and we are unable to determine at this time when operations at Çöpler will resume, if at all.

Removed

Additionally, community reaction to our presence, which can be influenced by the manner in which we operate our mine, address human capital considerations, focus on environmental and sustainability concerns and other factors may impact our ability to continue to operate in a jurisdiction and could impact our ability to gain a license or franchise to operate in a new jurisdiction.

Added

Removed

See Item 1A. Risk Factors for further information. Condition of Physical Assets and Insurance Our business is capital intensive and requires ongoing capital investment for the replacement, modernization or expansion of equipment and facilities. See Results of Consolidated Operations and Liquidity and Capital Resources within Item 7.

Added

SSR Mining owns 80% of both Anagold and Kartaltepe licenses. (3) Çöpler Mineral Resources are reported based on $1,750/oz gold price.

Removed

Management’s Discussion and Analysis of Financial Condition and Results of Operations, for further information. We maintain insurance policies against property loss and business interruption and insure against risks that are typical in the operation of our business, in amounts that we believe to be reasonable.

Added

Removed

Such insurance, however, contains exclusions and limitations on coverage, particularly with respect to environmental liability and political risk. There can be no assurance that claims would be paid under such insurance policies in connection with a particular event.

Added

Removed

Additionally, any insurance recovery which the Company may receive may not be adequate to cover the total losses and liabilities resulting from a particular event, including, but not limited to, the Çöpler Incident or the temporary closure of the Seabee mine during the third quarter of 2024 as a result of forest fires in the vicinity of the mine.

Added

(8) Marigold Mineral Resource estimate is based on an optimized pit shell at a cut-off grade of 0.069 g/t payable gold (gold assay factored for recovery, royalty, and net proceeds). Buffalo Valley is based on a cut-off grade of 0.10 g/t to 0.72 g/t contained gold based on material types. (9) Marigold metallurgical recoveries varies with gold grade.

Removed

At this time, we do not expect our potential insurance coverage will fully cover the losses and liabilities that are expected to result from the Çöpler Incident, and we have not determined if they will be adequate to cover the losses and liabilities that are expected to result from the temporary closure of Seabee, if at all. See Item 1A.

Added

Marigold Mine and Buffalo Valley average recovery is 73.0% and 68.0%, respectively. (10) Seabee Mineral Resources includes Santoy 8, Santoy 9, Hanging Wall and Porky West lodes. Seabee Mineral Resources were assessed for reasonable prospects for eventual economic extraction by reporting material that fell within conceptual underground shapes. Seabee Mineral Resources are reported using a cut-off grade of 2.85 g/t.

Removed

Risk Factors, below for further information. Environmental, Social and Governance (“ESG”) The Company’s approach to environmental and social development is underpinned by the goal of minimizing the impact of our operations to the environment and leaving a positive legacy in the communities where the Company operates.

Added

Metallurgical recoveries vary with gold grade and on average recoveries are 96.1% for Santoy area ore and 95.0% for Porky West ores. (11) Amisk is an exploration property. Mineral Resources are reported using a gold equivalent cut-off grade of 0.30 g/t and includes silver attributable ounces. Average gold recovery is 90.0%.

Removed

For the Company, being a responsible corporate citizen means protecting the natural environment associated with its business activities, providing a safe workplace and work processes for its employees and contractors, and investing in the communities where the Company operates in an effort to enhance the lives of those who live and work in these communities beyond the life of its operations.

Added

Amisk Mineral Resources are reviewed by internal SSR Mining Qualified Persons, as defined under Regulation S-K 1300. 100 Table of Contents The following tables summarize the Company’s estimated silver resources attributable to SSR Mining’s ownership or economic interest as of December 31, 2025 and December 31, 2024 for each of its production and exploration assets: Silver Resources as of December 31, 2025 Measured Indicated Measured and Indicated Inferred SSR Tonnage Grade Silver Tonnage Grade Silver Tonnage Grade Silver Tonnage Grade Silver Deposit Country Share (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Çöpler (OP)* (1)(2)(3)(4)(5)(6) Türkiye 80% 8,605 3.51 971 18,572 3.20 1,908 27,177 3.29 2,879 18,886 4.24 2,573 Chinchillas (OP) (7)(8) Argentina 100% 438 126.01 1,775 1,007 114.69 3,715 1,445 118.12 5,490 25 96.61 77 Chinchillas (Low Grade Stockpile) Argentina 100% — — — 478 72.68 1,118 478 72.68 1,118 — — — Pirquitas (UG) (9) Argentina 100% — — — 1,825 267.27 15,680 1,825 267.27 15,680 3,109 240.83 24,072 Amisk (OP) (10) Canada 100% — — — 43,976 5.30 7,531 43,976 5.30 7,531 49,985 3.45 5,550 9,043 9.44 2,746 65,858 14.13 29,952 74,902 13.58 32,698 72,005 13.94 32,272 * Operations at Çöpler are currently suspended and we are unable to determine at this time when operations at Çöpler will resume, if at all.

Removed

The Company takes a long-term view of its corporate responsibility, which is reflected in the policies that guide the Company’s business decisions, and in its corporate culture that fosters safe and ethical behavior across all levels of the Company.

Added

See Item 1. Business - Çöpler Incident. (1) Çöpler Mineral Resources include resources from Çöpler Mine, Greater Cakmaktepe, and Bayramdere. (2) Çöpler Mineral Resources shown are SSR Mining's ownership share only. SSR Mining owns 80% of both Anagold and Kartaltepe licenses.

Removed

The Company’s Environmental & Sustainability Policy defines the organization’s commitments to responsible environmental stewardship and to the health and welfare of the people and communities in which the Company operates. The policy is designed to guide the Company in advancing each of those commitments.

Added

(3) Çöpler Mineral Resources were assessed for reasonable prospects for eventual economic extraction by reporting only material that fell within conceptual pit shells. Çöpler Mineral Resources are based on a gold price of $1,750/oz and a silver price of $22.00/oz.

Removed

The Company publishes an ESG and Sustainability Report, which outlines the Company’s approach to sustainability across a range of areas and summarizes the Company’s sustainability performance. The Company’s Environmental & Sustainability Policy and its ESG and Sustainability Data are available on the Company’s website.

Added

(4) Çöpler oxide definitions: oxide grind leach ore is defined as material (5) Çöpler Mineral Resources are reported at the variable NSR cut-off value based on different metallurgical parameters: grind leach oxide ore uses a NSR cut-off value of $19.26/t, Çöpler sulfide ore uses a NSR cut-off value of $39.87/t, and Greater Çakmaktepe sulfide ore uses a NSR cut-off value of $44.37/t.

Removed

The Company’s Board of Directors (the “Board”) has also established a Technical, Safety and Sustainability Committee (the “TSS Committee”) that, as part of its mandate, is responsible for reviewing the Company’s safety, health, security, risk, environment, community relations and sustainability policies and practices, and monitoring the Company’s performance in these areas.

Added

All NSR cut-off values include allowances for payability, deductions, transport, and royalties. Silver credits are not incorporated into NSR calculations. (6) Çöpler metallurgical silver recoveries vary between 23.0-91.0% (average 49.7%) for oxide grind leach and 0.0-3.0% for sulfide POX. Average silver recoveries are 8.0%.

Removed

Additionally, under the TSS Committee charter, the TSS Committee reviews significant incidents relating to these areas. The TSS Committee’s charter is available on the Company’s website. 5 Producing precious metals is an energy-intensive business, resulting in carbon emissions.

Added

(7) Chinchillas Mineral Resource are contained within a pit shell generated using an NSR cut-off value of $39.79/t. (8) Chinchillas processing recoveries vary based on the feed grade. The average recovery is 95.5% silver, 92.4% lead and 55.4% for zinc.

Removed

The Company’s operations are subject to a range of risks related to transitioning the business to meet regulatory, societal and investor expectations for operating in a low-carbon economy. See Item 1A. Risk Factors, below for further information.

Added

(9) Pirquitas UG Mineral Resources are contained within underground mining shapes in San Miguel, Potosi, Oploca, and Cortaderas veins based on an NSR cut-off value of $120/t for silver. The cut-off grade includes lead and zinc attributable metal. Metallurgical recoveries vary with grade and on average are 76.8% silver and 54.2% for zinc. There are no Mineral Reserves at Pirquitas.

Removed

Community Engagement The Company’s community relations program is based on open and continuous communication with the members of communities located in its areas of operation. The Company takes a shared-value approach to local development activities to promote sustainable long-term economic and social benefits. In addition, the Company strives to ensure that local stakeholders have an opportunity for input and dialogue.

Added

(10) Amisk is an exploration property. Mineral Resources are reported based on $1,750/oz gold price and $22.00/oz silver price. Amisk Mineral Resources are reported at a cut-off grade that includes gold ounces and is 0.30 g/t gold equivalent. Silver process recovery is 80.0%.

Removed

Projects aimed at assisting and advancing the Company’s communities include training and employment, development of infrastructure and support for education and medical services, among others. At all times, the Company works to be a partner in the long-term sustainability of the communities in which it operates.

Added

Amisk Mineral Resources are reviewed by internal SSR Mining Qualified Persons, as defined under Regulation S-K 1300. 101 Table of Contents Silver Resources as of December 31, 2024 Measured Indicated Measured and Indicated Inferred SSR Tonnage Grade Silver Tonnage Grade Silver Tonnage Grade Silver Tonnage Grade Silver Deposit Country Share (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Çöpler (OP)* (1)(2)(3)(4)(5)(6) Türkiye 80% 8,605 3.51 971 18,572 3.20 1,908 27,177 3.29 2,879 18,886 4.24 2,573 Chinchillas (OP) (7)(8) Argentina 100% 922 128.11 3,797 1,880 119.87 7,245 2,802 122.58 11,042 76 119.40 293 Chinchillas (Low grade stockpile) Argentina 100% — — — 396 71.38 909 396 71.38 909 — — — Pirquitas (UG) (9) Argentina 100% 1,259 349.90 14,162 1,221 250.40 9,831 2,480 300.91 23,993 1,320 194.90 8,273 Amisk (OP) (10) Canada 100% — — — 43,976 5.30 7,531 43,976 5.33 7,531 49,985 3.45 5,550 10,786 54.59 18,930 66,045 12.90 27,424 76,831 18.77 46,354 70,267 7.38 16,689 * Operations at Çöpler are currently suspended and we are unable to determine at this time when operations at Çöpler will resume, if at all.

Removed

In addition to direct investments made by SSR Mining, the Company also invests in the local communities surrounding its operations by supporting education, social programs and infrastructure projects.

Added

See Item 1. Business - Çöpler Incident. (1) Çöpler Mineral Resources include resources from Çöpler Mine, Greater Cakmaktepe, and Bayramdere. (2) Çöpler Mineral Resources shown are SSR Mining ownership share only. SSR Mining owns 80% of both Anagold and Kartaltepe licenses.

Removed

Environmental Regulations The Company’s activities are subject to extensive laws and regulations governing the protection of the environment and natural resources in all jurisdictions where the Company operates throughout the exploration, development and production stages of a mining property.

Added

Removed

These laws address, among other things, emissions into the air and air quality, discharges into water and water quality, management of waste, management and disposal of solid and hazardous substances, protection of natural resources, fisheries and wildlife protection, antiquities, endangered species, noise and use and reclamation of lands disturbed by mining operations.

Added

(4) Çöpler oxide definitions: oxide grind leach ore is defined as material (5) Çöpler Mineral Resources are reported at the variable NSR cut-off value based on different metallurgical parameters: grind leach oxide ore uses a NSR cut-off value of $19.26/t, Çöpler sulfide ore uses a cut-off value of $39.87/t, Greater Çakmaktepe sulfide cut-off value of $44.37/t.

… 43 more changes not shown on this page.

Item 1A. Risk Factors

Risk Factors — what could go wrong, per management

164 edited+19 added−30 removed239 unchanged

2024 filing

2025 filing

Biggest changeFinancial Risks and Risks Related to Our Indebtedness: • General economic conditions may adversely affect the Company’s growth and profitability. • The Company may be adversely affected by fluctuations in foreign exchange rates. • Inflation may have a material adverse effect on results of operations. • The Company is subject to risks associated with hedging activities. • Future funding requirements may affect the Company’s business or its ability to develop mineral properties, complete exploration and development programs, pay cash dividends or engage in share repurchase transactions. • The Company may be unable to generate sufficient cash to fund its operations or service its debt. • The Company’s indebtedness or lack of liquidity may impair the financial health of the Company. 10 Risks Related to Our Industry and the Jurisdictions in Which We Operate: • Mining is inherently risky and subject to conditions and events beyond the Company’s control. • Political or economic instability or unexpected regulatory change in the countries where the Company’s mineral properties are located could adversely affect its business. • Suitable infrastructure may not be available or damage to existing infrastructure may occur. • Mining companies are increasingly required to consider and provide benefits to the communities and countries in which they operate in order to maintain operations. • Indigenous peoples’ title claims and rights to consultation and accommodation may affect the Company’s existing operations as well as development projects and future acquisitions. • Civil disobedience in certain of the countries where the Company’s mineral properties are located could adversely affect its business. • The Company and the mining industry face geotechnical challenges, which could adversely impact our production and profitability.

Biggest changeRisks Related to Our Industry and the Jurisdictions in Which We Operate: • Mining is inherently risky and subject to conditions and events beyond the Company’s control. • Political or economic instability or unexpected regulatory change in the countries where the Company’s mineral properties are located could adversely affect its business. • Suitable infrastructure may not be available or damage to existing infrastructure may occur. • Mining companies are increasingly required to consider and provide benefits to the communities and countries in which they operate in order to maintain operations. • Indigenous peoples’ title claims and rights to consultation and accommodation may affect the Company’s existing operations as well as development projects and future acquisitions. • Civil disobedience in certain of the countries where the Company’s mining operations are located could adversely affect its business. • The Company and the mining industry face geotechnical challenges, which could adversely impact our production and profitability.

In addition, it is expected that the Company will incur significant costs related to remediation of the Çöpler Incident and be exposed to significant claims for loss and damage, which may not be covered by insurance. Costs associated with capital expenditures may increase in the future as a result of factors beyond our control.

In addition, it is expected that the Company will incur significant costs related to remediation of the Çöpler Incident and may be exposed to significant claims for loss and damage, which may not be covered by insurance. Costs associated with capital expenditures may increase in the future as a result of factors beyond our control.

Certain precious metals hedging strategies may protect a company against lower prices, but they may also limit the price that can be realized on precious metal that is subject to forward sales and call options where the market price of gold exceeds the gold price in a forward sale or call option contract.

Certain precious metals hedging strategies may protect the Company against lower prices, but they may also limit the price that can be realized on precious metal that is subject to forward sales and call options where the market price of gold exceeds the gold price in a forward sale or call option contract.

U.S. surface and underground mines are continuously inspected by the U.S. Department of Labor Mine Safety and Health Administration (“MSHA”), which inspections often lead to notices of violation under the Federal Mine Safety and Health Act of 1977 . Our U.S. mine could be subject to a temporary or extended shutdown as a result of a violation alleged by MSHA.

U.S. surface and underground mines are continuously inspected by the U.S. Department of Labor Mine Safety and Health Administration (“MSHA”), which inspections often lead to notices of violation under the Federal Mine Safety and Health Act of 1977 . Our U.S. mines could be subject to a temporary or extended shutdown as a result of a violation alleged by MSHA.

Even with the narrowed rule, it is possible that in the future the definition could again be expanded, or states could take action to address a perceived fall-off in protection under the CWA, either of which could increase litigation involving water discharge permits, which may result in delays in, or in some instances preclude, the commencement or continuation of development or production operations.

Even with a narrowed rule, it is possible that in the future the definition could again be expanded, or states could take action to address a perceived fall-off in protection under the CWA, either of which could increase litigation involving water discharge permits, which may result in delays in, or in some instances preclude, the commencement or continuation of development or production operations.

An annualized dividend payout level has not been declared by the Board of Directors, and the declaration and payment of future dividends, including future quarterly dividends, remains at the discretion of the Board.

As a result, the Company is and will continue to be subject to all of the risks associated with establishing new mining operations, including: • the availability and cost of skilled labor, and mining and processing equipment; • the availability and cost of appropriate smelting and refining arrangements; • securing long-term access agreements required to develop and operate a mine; • the need to obtain and retain necessary environmental and other governmental approvals and permits and the timing of the receipt of those approvals and permits and the risk of rescission or revocation of necessary approval and permits; • potential opposition from governmental or non-governmental organizations, environmental groups or local community groups which may delay or prevent development activities; • potential for labor unrest or other labor disturbances; 20 • potential increases in cost structures due to changes in input costs including the cost of fuel, power, materials and supplies and fluctuations in currency exchange rates; • the timing and cost, which may be considerable, of the construction and expansion of mining, processing and tailings management facilities; • changes in tonnage, grades and metallurgical characteristics of ore to be mined and processed; • the quality of the data on which engineering assumptions were made; • adverse geotechnical conditions or unanticipated changes in surface conditions; • changes in tax laws, the laws and/or regulations around royalties and other taxes due to the regional and national governments and royalty agreements; • natural disasters, weather or severe climate impacts, including, without limitation, prolonged or unexpected precipitation, drought and/or sub-zero temperatures; and • potential delays and restrictions in connection with health and safety issues, including pandemics and other infectious diseases.

As a result, the Company is and will continue to be subject to all of the risks associated with establishing new mining operations, including: • the availability and cost of skilled labor, and mining and processing equipment; • the availability and cost of appropriate smelting and refining arrangements; • securing long-term access agreements required to develop and operate a mine; • the need to obtain and retain necessary environmental and other governmental approvals and permits and the timing of the receipt of those approvals and permits and the risk of rescission or revocation of necessary approval and permits; • potential opposition from governmental or non-governmental organizations, environmental groups or local community groups which may delay or prevent development activities; • potential for labor unrest or other labor disturbances; • potential increases in cost structures due to changes in input costs including the cost of fuel, power, materials and supplies and fluctuations in currency exchange rates; • the timing and cost, which may be considerable, of the construction and expansion of mining, processing and tailings management facilities; • changes in tonnage, grades and metallurgical characteristics of ore to be mined and processed; • the quality of the data on which engineering assumptions were made; • adverse geotechnical conditions or unanticipated changes in surface conditions; • changes in tax laws, the laws and/or regulations around royalties and other taxes due to the regional and national governments and royalty agreements; • natural disasters, weather or severe climate impacts, including, without limitation, prolonged or unexpected precipitation, drought and/or sub-zero temperatures; and • potential delays and restrictions in connection with health and safety issues, including pandemics and other infectious diseases.

Although there can be no assurance that such mitigation efforts will prevent future difficulty in obtaining sufficient and timely delivery of certain materials, the Company believes it has adequate programs to ensure a reliable supply of key materials. 19 The Company’s operations may be adversely affected by rising energy prices or energy shortages.

Although there can be no assurance that such mitigation efforts will prevent future difficulty in obtaining sufficient and timely delivery of certain materials, the Company believes it has adequate programs to ensure a reliable supply of key materials. The Company’s operations may be adversely affected by rising energy prices or energy shortages.

In addition, extreme weather phenomena, sabotage, vandalism, government, non-governmental organization and community or other interference in the maintenance or provision of such infrastructure could adversely affect the Company’s operations and profitability. 30 Mining companies are increasingly required to consider and provide benefits to the communities and countries in which they operate in order to maintain operations.

In addition, extreme weather phenomena, sabotage, vandalism or government, non-governmental organization, community or other interference in the maintenance or provision of such infrastructure could adversely affect the Company’s operations and profitability. Mining companies are increasingly required to consider and provide benefits to the communities and countries in which they operate in order to maintain operations.

As a result of the Çöpler Incident, the Company and certain of its current and former officers and directors is subject to securities class actions in the United States and Canada, and it is possible that the Çöpler Incident could result in significant additional claims for damages, including, potentially, claims for loss of life and property or environmental damage, or securities losses.

As a result of the Çöpler Incident, the Company and certain of its current and former officers and directors are subject to securities class actions in the United States and Canada, and it is possible that the Çöpler Incident could result in significant additional claims for damages, including, potentially, claims for loss of life and property or environmental damage, or securities losses.

Greater scrutiny on multinational companies to contribute to sustainable outcomes in the places where they operate, has led to a proliferation of standards, reporting initiatives and expectations focused on environmental stewardship, social performance, community engagement and transparency. Extractive industries, and mining in particular, have seen significant increases in stakeholder expectations and attention.

Greater scrutiny of multinational companies to contribute to sustainable outcomes in the places where they operate has led to a proliferation of standards, reporting initiatives and expectations focused on environmental stewardship, social performance, community engagement and transparency. Extractive industries, and mining in particular, have seen significant increases in community and other stakeholder expectations and attention.

The Company’s operations are subject to extensive and complex federal, state, provincial, territorial and local laws and regulations across our operating regions and failure to comply with applicable legal requirements can result in substantial penalties, civil sanctions and, in some cases, criminal sanctions, including the suspension or revocation of permits.

The Company’s operations are subject to extensive and complex federal, state, provincial, territorial and local laws and regulations across each of our operating regions and failure to comply with applicable legal requirements can result in substantial penalties, civil sanctions and, in some cases, criminal sanctions, including the suspension or revocation of permits.

Foreign Corrupt Practices Act or any other relevant compliance, anti-bribery, anti-fraud or anti-corruption laws) being imposed on the Company. 38 Risks Related to Ownership of Company Equity The Company’s common shares are publicly traded and are subject to various factors that have historically made the Company’s common share price volatile.

Foreign Corrupt Practices Act or any other relevant compliance, anti-bribery, anti-fraud or anti-corruption laws) being imposed on the Company. Risks Related to Ownership of Company Equity The Company’s common shares are publicly traded and are subject to various factors that have historically made the Company’s common share price volatile.

In addition, a number of existing risks identified in other sections of this report will be exacerbated as a result of the Çöpler Incident. 11 Actual and potential losses and liability resulting from the Çöpler Incident could have a material adverse effect on our financial condition, liquidity, cash flows and results of operations.

In addition, a number of existing risks identified in other sections of this report will be exacerbated as a result of the Çöpler Incident. Actual and potential losses and liability resulting from the Çöpler Incident could have a material adverse effect on our financial condition, liquidity, cash flows and results of operations.

Additionally, it is difficult to predict the long-term impact on the local economies where the Company’s properties are located or the global economy as a results of an epidemic or pandemic, which could in turn materially adversely affect our operations, financial results and/or liquidity position.

Additionally, it is difficult to predict the long-term impact on the local economies where the Company’s properties are located or the global economy as a result of an epidemic or pandemic, which could, in turn, materially adversely affect our operations, financial results and/or liquidity position.

Such expectations tend to be particularly focused on companies whose activities are perceived to have high environmental impacts, like mining companies. Following the Çöpler Incident, we have been and continue to be in discussions with the government of Türkiye, local government officials and impacted community members regarding remediation efforts.

Such expectations tend to be particularly focused on companies whose activities are perceived to have high environmental impacts, like mining companies. Following the Çöpler Incident, we have been in discussions with the government of Türkiye, local government officials and impacted community members regarding remediation efforts.

Additionally, if such permits are reinstated, the Company may continue to face increased challenges to our existing and/or any future permits for Çöpler. Although we continue to progress the development of Hod Maden, the outcome of the Turkish authorities' legal and regulatory processes related to the Çöpler Incident may impact our ability to continue the Hod Maden project.

While such claims are often dismissed, there can be no assurance that all such claims will be dismissed entirely, or that the Company will not be required to incur significant expenses defending such claims. 37 The Company is subject to assessment by taxation authorities in multiple jurisdictions that arise in the ordinary course of business.

While such claims are often dismissed, there can be no assurance that all such claims will be dismissed entirely, or that the Company will not be required to incur significant expenses defending such claims. The Company is subject to assessment by taxation authorities in multiple jurisdictions that arise in the ordinary course of business.

The expectation is for companies to recognize the impact their operations can have on the communities in which they operate and develop strategies and identify targets to address the actual or perceived impact to create shared value for shareholders, employees, governments, local communities and host countries.

The expectation is for mining companies to recognize the impact their operations can have on the communities in which they operate and develop strategies and identify targets to address the actual or perceived impact to create shared value for shareholders, employees, governments, local communities and host countries.

Although we do not believe the Çöpler Incident was a material adverse event under the terms of the Second Amended Credit Agreement or that there has been a violation of any covenant or an event of default, if it was later determined that the Çöpler Incident or an event that occurs as a result of the Çöpler Incident, such as an action by Turkish authorities, is a material adverse event or the resulting events triggered a violation of a covenant or an event of default, the lenders under the Second Amended Credit Agreement may be permitted to terminate all commitments to extend credit under the Second Amended Credit Agreement and, if we had outstanding borrowings, to exercise remedies against the collateral pledged to secure the obligations thereunder.

Although we do not believe the Çöpler Incident was a material adverse event under the terms of the Second Amended Credit Agreement or that there has been a violation of any covenant or an event of default, if it was later determined that the Çöpler Incident or an event that occurs as a result of the Çöpler Incident, such as an action by Turkish authorities or by third parties, is a material adverse event or the resulting events triggered a violation of a covenant or an event of default, the lenders under the Second Amended Credit Agreement may be permitted to terminate all commitments to extend credit under the Second Amended Credit Agreement and, if we had outstanding borrowings, to exercise remedies against the collateral pledged to secure the obligations thereunder.

There can be no assurance that other permits, licenses and approvals that are required for the operations of the Company, including any for construction of mining facilities or conduct of mining, will be obtainable or renewable on reasonable terms, 34 or at all.

Additionally, these risks could result in damage to, or destruction of, mineral properties, production facilities or other properties, environmental damage, delays in mining, increased cost of sales, asset write downs, monetary losses and possible legal liability, sanctions or penalties, occupational illness or health issues, personnel injury or death, and loss of life, and/or facility and workforce evacuation, such as what we are or may experience as a result of the Çöpler Incident.

Additionally, these risks could result in damage to, or destruction of, mineral properties, production facilities or other properties, environmental damage, delays in mining, increased cost of sales, asset write downs, monetary losses and possible legal liability, sanctions or penalties, occupational illness or health issues, personnel injury or death, and/or facility and workforce evacuation, such as what we are or may experience as a result of the Çöpler Incident.

Existing or future competition in the mining industry could materially adversely affect the Company’s prospects for mineral exploration and success in the future. 18 Increased operating and capital costs could affect the Company’s profitability.

Existing or future competition in the mining industry could materially adversely affect the Company’s prospects for mineral exploration and success in the future. Increased operating and capital costs could affect the Company’s profitability.

Risks Related to Being a Public Company The Company may fail to maintain adequate internal control over financial reporting pursuant to the requirements of applicable regulations. No evaluation can provide complete assurance that the Company’s internal control over financial reporting will prevent, detect or uncover all failures of persons within the Company to disclose material information required to be reported.

Risks Related to Being a Public Company The Company may fail to maintain adequate internal control over financial reporting pursuant to the requirements of applicable regulations. No evaluation can provide absolute assurance that the Company’s internal control over financial reporting will prevent, detect or uncover all failures of persons within the Company to disclose material information required to be reported.

In addition, SSR Mining has operational and closed tailings impoundments in a variety of climatic and topographic settings. The failure of tailings dam and storage facilities, slopes or pit walls, heap leach pads, and other impoundments at our mining sites could cause severe, and in some cases catastrophic, property and environmental damage and loss of life.

In addition, the Company has operational and closed tailings impoundments in a variety of climatic and topographic settings. The failure of tailings dam and storage facilities, slopes or pit walls, heap leach pads, and other impoundments at our mining sites could cause severe, and in some cases catastrophic, property and environmental damage and loss of life.

The market price of the Company’s common shares has experienced, and may continue to experience, significant volatility, which may result in losses to investors.

The market price of the Company’s common shares has experienced, and may continue to experience, significant volatility, which may result in losses for investors.

The Company has prepared estimates of future production, operating costs and capital costs for its Çöpler, Marigold, Seabee and Puna operating mines, and the Company’s technical studies and reports for the Company’s operating mines and other projects, as may be amended or updated from time to time, contain estimates of future production, development plans, operating and capital costs and other economic and technical estimates relating to these projects.

The Company has prepared estimates of future production, operating costs and capital costs for its Çöpler, Marigold, Seabee, Puna and CC&V operating mines, and the Company’s technical studies and reports for the Company’s operating mines and other projects, as may be amended or updated from time to time, contain estimates of future production, development plans, operating and capital costs and other economic and technical estimates relating to these projects.

However, cybersecurity attacks or IT disruptions result in, among other things, production downtimes, operational delays, the compromising of confidential or otherwise protected information, destruction or corruption of data, security breaches, other manipulation or improper use of our systems and networks, financial losses from remedial actions and reputational harm.

Cybersecurity attacks or IT disruptions may result in, among other things, production downtimes, operational delays, the compromising of confidential or otherwise protected information, destruction or corruption of data, security breaches, other manipulation or improper use of our systems and networks, financial losses from remedial actions and reputational harm.

In order to carry out reclamation, mine closure and remediation obligations imposed on the Company in connection with its exploration, potential development and production activities, the Company must allocate financial resources that might otherwise be spent on further exploration and development programs, including providing the appropriate regulatory authorities with reclamation financial assurance.

In order for the Company to carry out reclamation, mine closure and remediation obligations in connection with its exploration, potential development and production activities, the Company must allocate financial resources that might otherwise be spent on further exploration and development programs, including providing the appropriate regulatory authorities with reclamation financial assurance.

The Company is subject to extensive permitting requirements. The Company’s operations, including continued production at Çöpler, Marigold, Seabee and Puna, and further exploration, development and commencement of production on the Company’s other mineral properties, require licenses, permits and other approvals from various governmental authorities, including land and water usage permits.

The Company is subject to extensive permitting requirements. The Company’s operations, including continued production at Çöpler, Marigold, CC&V, Seabee, and Puna, and further exploration, development and commencement of production on the Company’s other mineral properties, require licenses, permits and other approvals from various governmental authorities, including land and water usage permits.

In addition, while statutory provisions exist in British Columbia for derivative actions to be brought in certain circumstances, the circumstances in which a derivative action may be brought, and the procedures and defenses that may be available in respect of any such action, may be different than those of shareholders of a company incorporated in the United States. ITEM 1B.

As a result of the cancellation of the 2021 EIA, the operating guidelines at Çöpler revert to those outlined in the Company’s prior Environmental Impact Assessment, which was issued in 2014 (the “2014 EIA”), which, among other considerations, prescribes a lower throughput rate for the sulfide plant operations.

As a result of the cancellation of the 2021 EIA, the operating guidelines at Çöpler revert to those outlined in the Company’s prior environmental impact assessment, which was issued in 2014 EIA, which, among other considerations, prescribes a lower throughput rate for the sulfide plant operations.

There is no assurance that there will be sufficient availability of funds to finance construction and development activities, particularly if unexpected problems arise. The Company’s production forecasts are based on full production rates being achieved at all of the Company’s mines.

In the case that such joint venture partners do not make their economic commitments, the Company may be prevented from pursuing certain development opportunities or may assume additional financial obligations, which may require new sources of capital.

In the event that such joint venture partners do not make their economic commitments, the Company may be prevented from pursuing certain development opportunities or may assume additional financial obligations, which may require new sources of capital.

Although each of the Company’s operations currently has sufficient water rights, claims and contracts to cover its operational demands, the potential outcome of pending or future legal proceedings or community negotiations relating to water rights, claims, contracts and uses is unknown and unpredictable.

Although each of the Company’s operations currently have sufficient water rights, claims and contracts to cover its operational demands, the potential outcome of pending or future legal proceedings or community negotiations relating to water rights, claims, contracts and uses is unknown and unpredictable.

Such opposition may be directed through legal or administrative proceedings or expressed in manifestations such as protests, roadblocks or other forms of public expression against the Company’s activities, and may have a negative impact on its reputation.

Such opposition may be directed through legal or administrative proceedings or expressed in actions such as protests, roadblocks or other forms of public expression against the Company’s activities, and may have a negative impact on its reputation.

The market price of the Company’s common shares may increase or decrease in response to a number of events and factors, including: the Company’s operating performance and the performance of competitors and other similar companies; volatility in metal prices; the public’s reaction to the Company’s press releases on developments at the Company’s properties, material change reports, other public announcements and the Company’s filings with the various securities regulatory authorities; changes in earnings estimates or recommendations by research analysts who track the Company’s common shares or the shares of other companies in the resource sector; changes in general economic and/or political conditions; the number of common shares to be publicly traded after an offering of the Company’s common shares; the arrival or departure of key personnel; and acquisitions, strategic alliances or joint ventures involving the Company or the Company’s competitors.

The market price of the Company’s common shares may increase or decrease in response to a number of events and factors, including: the Company’s operating performance and the performance of competitors and other similar companies; volatility in metal prices; the public’s reaction to the Company’s press releases on developments at the Company’s properties, such as the price volatility following the Çöpler Incident, material change reports, other public announcements and the Company’s filings with the various securities regulatory authorities; changes in earnings estimates or recommendations by research analysts who track the Company’s common shares or the shares of other companies in the resource sector; changes in general economic and/or political conditions; the number of common shares to be publicly traded after an offering of the Company’s common shares; the arrival or departure of key personnel; and acquisitions, strategic alliances or joint ventures involving the Company or the Company’s competitors.

Such variation may result in disclosures by the Company that differ, potentially materially, from those of our competitors and non-U.S. joint-venture partner. The Company may be unable to replace its mineral reserves or acquire additional commercially mineable mineral rights. The Company must continually replace its depleted mineral reserves to maintain production levels over the long term.

Such variation may result in disclosures by the Company that differ, potentially materially, from those of our competitors and non-U.S. joint-venture partner. 16 Table of Contents The Company may be unable to replace its mineral reserves or acquire additional commercially mineable mineral rights. The Company must continually replace its depleted mineral reserves to maintain production levels over the long term.

The development and operation of a mine or mine property is inherently risky and involves many risks that even a combination of experience, knowledge and careful evaluation may not be able to overcome, including: • unusual or unexpected geological formations or movements; • metallurgical and other processing problems; • shortages in materials or equipment and energy and electrical power supply interruptions or rationing; • failure of engineered structures; • inaccurate mineral modeling; • unanticipated changes in inventory levels at heap-leach operations; • metal losses; • environmental hazards, including discharge of metals, concentrates, pollutants or hazardous chemicals; • ground and water conditions; • power outages; 28 • remote locations and inadequate infrastructure; • community relations problems; • labor disruptions; • the availability and retention of skilled personnel; • non-governmental organization or community activities; • industrial accidents, including in connection with the operation of mining equipment, milling equipment and/or conveyor systems and accidents associated with the preparation and ignition of large-scale blasting operations, milling and processing; • transportation incidents, including transportation of chemicals, explosions or other materials, transportation of large mining equipment and transportation of employees and business partners to and from sites; • fall-of-ground accidents in underground operations; • failure of mining pit slopes, tailings dam walls and/or heap leach facilities; • periodic interruptions due to inclement or hazardous weather conditions or natural disasters, such as the forest fire in the vicinity of our Seabee mine, which temporarily suspended our operations and damaged equipment; • flooding, explosions, fire, rockbursts, cave-ins and landslides; • seismic activity; • changes to legal and regulatory requirements; • security incidents, including activities of illegal or artisanal miners, gold bullion or concentrate theft, including in transport, corruption and fraud; • mechanical equipment and facility performance problems; • failure of unproven or evolving technologies or loss of information integrity or data; and • the availability of materials and equipment.

The development and operation of a mine or mine property is inherently risky and involves many risks that even a combination of experience, knowledge and careful evaluation may not be able to overcome, including: • unusual or unexpected geological formations or movements; • metallurgical and other processing problems; • shortages in materials or equipment and energy and electrical power supply interruptions or rationing; • failure of engineered structures; • inaccurate mineral modeling; • unanticipated changes in inventory levels at heap-leach operations; • metal losses; • environmental hazards, including discharge of metals, concentrates, pollutants or hazardous chemicals; • ground and water conditions; • power outages; • remote locations and inadequate infrastructure; • community relations problems; • labor disruptions; • the availability and retention of skilled personnel; • non-governmental organization or community activities; • industrial accidents, including in connection with the operation of mining equipment, milling equipment and/or conveyor systems and accidents associated with the preparation and ignition of large-scale blasting operations, milling and processing; • transportation incidents, including transportation of chemicals, explosions or other materials, transportation of large mining equipment and transportation of employees and business partners to and from sites; • fall-of-ground accidents in underground operations; • failure of mining pit slopes, tailings dam walls and/or heap leach facilities; • periodic interruptions due to inclement or hazardous weather conditions or natural disasters, such as the forest fire in the vicinity of our Seabee mine, which temporarily suspended our operations and damaged equipment; • flooding, explosions, fire, rockbursts, cave-ins and landslides; • seismic activity; • changes to legal and regulatory requirements; • security incidents, including activities of illegal or artisanal miners, gold bullion or concentrate theft, including in transport, corruption and fraud; • mechanical equipment and facility performance problems; • failure of unproven or evolving technologies or loss of information integrity or data; and • the availability of materials and equipment. 28 Table of Contents We have experienced certain of these conditions and events with the occurrence of the Çöpler Incident.

The Company’s ability to pay dividends will be subject to future earnings, capital requirements, financial condition, compliance with covenants and financial ratios related to existing or future indebtedness and other factors deemed relevant by the Board.

If we are held responsible for an environmental contamination, that could affect, among other things, our ability to operate in Türkiye, our reputation and our business more generally, and results of operations and financial condition. The Company’s production, development plans and cost estimates for Çöpler may not be achieved.

If we are held responsible for an environmental contamination, that could affect, among other things, our ability to operate in Türkiye, our reputation and our business more generally, and results of operations and financial condition. 12 Table of Contents The Company’s production, development plans and cost estimates for Çöpler may not be achieved.

The Company cannot provide any assurances that the Company will be able to realize the full value of any deferred cash or royalty interests. Reputation loss may result in decreased investor confidence, increased challenges in developing and maintaining community relations and an impediment to the Company’s overall ability to advance its business or projects.

The Company cannot provide any assurances that the Company will be able to realize the full value of any deferred cash or royalty interests. 22 Table of Contents Reputation loss may result in decreased investor confidence, increased challenges in developing and maintaining community relations and an impediment to the Company’s overall ability to advance its business or projects.

Future changes in these laws or regulations could have a significant adverse impact on some portion of the Company’s business, causing the Company to re- evaluate those activities at that time.

Future changes in these laws or regulations could have a significant adverse impact on some portion of the Company’s business, causing the Company to re-evaluate impacted activities at that time.

Additionally, the taking of property by nationalization or expropriation without adequate compensation is a risk in certain jurisdictions in which the Company has operations. Such governmental actions may have an adverse impact on the Company’s operations and profitability. Suitable infrastructure may not be available or damage to existing infrastructure may occur.

Additionally, the taking of property by nationalization or expropriation without adequate compensation is a risk in certain jurisdictions in which the Company has operations. Such governmental actions may have an adverse impact on the Company’s operations and profitability. 29 Table of Contents Suitable infrastructure may not be available or damage to existing infrastructure may occur.

A variety of factors, including higher energy usage in emerging market economies, actual and proposed taxation of carbon emissions as well as concerns surrounding continued and new unrest and conflict in the Middle East and Ukraine, could result in increased demand or limited supply of energy and/or sharply escalating prices.

A variety of factors, including higher energy usage in emerging market economies, actual and proposed taxation of carbon emissions as well as concerns surrounding continued and new unrest and conflict in the Middle East, Ukraine, Venezuela or other areas, could result in increased demand or limited supply of energy and/or sharply escalating prices.

Water is also critical to the Company’s business, and the increasing pressure on water resources requires us to consider both current and future conditions in our water management approach. SSR Mining operates in areas where watersheds are under stress with limited supply, increasing population and water demand that impact water in various forms.

Water is also critical to the Company’s business, and the increasing pressure on water resources requires us to consider both current and future conditions in our water management approach. The Company operates in areas where watersheds are under stress with limited supply, increasing population and water demand that impact water in various forms.

The more significant areas requiring the use of management assumptions and estimates relate to: • Recoverable metal in stockpiles and leach pads; • mineral reserves, mineral resources, and other resources that are the basis for future income and cash flow estimates and units-of-production depreciation, depletion and amortization calculations; • impairment of long-lived assets; • goodwill; • income taxes; • reclamation and remediation liabilities; • future ore grades, throughput and recoveries; and • valuation of business combinations or asset acquisitions.

The more significant areas requiring the use of management assumptions and estimates relate to: • Recoverable metal in stockpiles and leach pads; • mineral reserves, mineral resources, and other resources that are the basis for future income and cash flow estimates and units-of-production depreciation, depletion and amortization calculations; • impairment of long-lived assets; • goodwill; • income taxes; • reclamation and remediation liabilities; and • valuation of business combinations or asset acquisitions.

This will continue to require substantial management time and attention, which may divert management from overseeing the operations of the Company’s other mines and focusing on developing and executing on our overall strategy. The Çöpler Incident could impact the ongoing development of Hod Maden.

This will continue to require substantial management time and attention, which may divert management from overseeing the operations of the Company’s other mines and focusing on developing and executing on our overall strategy. 13 Table of Contents The Çöpler Incident could impact the ongoing development of Hod Maden.

Any interruption, or shortage of water supplies and even excess water, could require the Company to curtail or shut down mining production and could prevent the Company from pursuing expansion opportunities, resulting in production and processing delays or stoppages. The Company may be exposed to future development risks.

Any interruption, or shortage of water supplies and even excess water, could require the Company to curtail or shut down mining production and could prevent the Company from pursuing expansion opportunities, resulting in production and processing delays or stoppages. 19 Table of Contents The Company may be exposed to future development risks.

The effect of these and other factors on the market price of the Company’s common shares on the exchanges on which they trade has historically made the Company’s common share price volatile and suggests that the Company’s common share price will continue to be volatile in the future. Holders of our common shares may not receive dividends.

The effect of these and other factors on the market price of the Company’s common shares on the exchanges on which they trade has historically made the Company’s common share price volatile and suggests that the Company’s common share price will continue to be volatile in the future. 39 Table of Contents Holders of our common shares may not receive dividends.

The market prices for these metals are volatile and are affected by numerous factors beyond the Company’s control, including: • global or regional consumption patterns; • the supply of, and demand for, these metals; • gold sales, purchases or leasing by governments and central banks; • the monetary policies employed by the world’s major central banks; • the fiscal policies employed by the world’s major industrialized economies; • recession or reduced economic activity in the United States and other industrialized or developing countries; • speculative short positions taken by significant investors or traders in gold, silver, lead, zinc or other metals; • forward sales by producers in hedging or similar transactions; • the availability and costs of metal substitutes; • decreased industrial, jewelry, base metal or investment demand; • increased import and export taxes; • inflation and/or expectations for inflation; • other political and economic conditions, including interest rates and currency values; and • changing investor or consumer sentiment, including in connection with transition to a low-carbon economy, investor interest in crypto currencies and other investment alternatives and other factors.

The market prices for these metals are volatile and are affected by numerous factors beyond the Company’s control, including: • global or regional consumption patterns; • the supply of, and demand for, these metals; • gold sales, purchases or leasing by governments and central banks; • the monetary policies employed by the world’s major central banks; • the fiscal policies employed by the world’s major industrialized economies; • recession or reduced economic activity in the United States and other industrialized or developing countries; • speculative short positions taken by significant investors or traders in gold, silver, lead, zinc or other metals; • forward sales by producers in hedging or similar transactions; • the availability and costs of metal substitutes; • decreased industrial, jewelry, base metal or investment demand; • increased import and export taxes and tariffs; • inflation and/or expectations for inflation; • other political and economic conditions, including interest rates and currency values; and • changing investor or consumer sentiment, including as it relates to mining companies and in connection with transition to a low-carbon economy, investor interest in crypto currencies and other investment alternatives, away from precious metals, and other factors.

Due to the size of the Company’s organization, the loss of any of these persons, or the Company’s inability to attract and retain suitable replacements for them or additional highly skilled employees and contractors may have a material adverse effect on its business and financial condition.

The loss of any of these persons, or the Company’s inability to attract and retain suitable replacements for them or additional highly skilled employees and contractors may have a material adverse effect on its business and financial condition.

Similarly, there is also the potential for claims against us based on agreements entered into by certain affiliates and predecessor companies relating to the transfer of businesses or properties, which contained indemnification provisions relating to environmental matters. Compliance with emerging climate change regulations could result in significant costs and climate change may present physical risks to a mining company’s operations.

Similarly, there is also the potential for claims against us based on agreements entered into by certain affiliates and predecessor companies relating to the transfer of businesses or properties, which contain indemnification provisions relating to environmental matters. 36 Table of Contents Compliance with emerging climate change regulations could result in significant costs and climate change may present physical risks to a mining company’s operations.

In addition, an increase in price levels generally, or in price levels in a particular sector, could result in a shift in demand for metals and changes to commodity prices, which could adversely affect our revenues and, at the same time, increase our costs. The Company may be adversely affected by fluctuations in foreign exchange rates.

In addition, an increase in price levels generally, or in price levels in a particular sector, could result in a shift in demand for metals and changes to commodity prices, which could adversely affect our revenues and, at the same time, increase our costs. 24 Table of Contents The Company may be adversely affected by fluctuations in foreign exchange rates.

These measures may have a number of negative effects on SSR Mining, reducing the immediately available capital that we could otherwise deploy for investment opportunities or the payment of expenses. In addition, measures that restrict the availability of the local currency or impose a requirement to operate in the local currency may create other practical difficulties for SSR Mining.

These measures may have a number of negative effects on the Company, reducing the immediately available capital that we could otherwise deploy for investment opportunities or the payment of expenses. In addition, measures that restrict the availability of the local currency or impose a requirement to operate in the local currency may create other practical difficulties for us.

Such acts of civil disobedience often occur with no warning and can result in significant direct and indirect costs and delays in operations.

Such acts of opposition and/or civil disobedience often occur with no warning and can result in significant direct and indirect costs and delays in operations.

The negative impacts of the Çöpler Incident may make it increasingly challenging to attract skilled and experienced contractors or employees. Risks Related to Governmental Regulation and Legal Proceedings The Company is subject to significant governmental regulations.

The negative impacts of the Çöpler Incident may make it increasingly challenging to attract skilled and experienced contractors or employees in Türkiye. Risks Related to Governmental Regulation and Legal Proceedings The Company is subject to significant governmental regulations.

As a result, our share price may continue to be volatile. 14 Risks Related to the Company’s Operations and Business The Company’s production, development plans and cost estimates may vary and/or not be achieved.

As a result, our share price may continue to be volatile. 14 Table of Contents Risks Related to the Company’s Operations and Business The Company’s production, development plans and cost estimates may vary and/or not be achieved.

Production at Çöpler, Marigold, Seabee and Puna is dependent upon the efforts of the Company’s employees and the Company’s relations with them. Relations with the Company’s employees may be affected by changes in the scheme of labor relations that may be introduced by the relevant governmental authorities in those jurisdictions in which the Company carries on business.

Production at Çöpler, Marigold, Seabee, Puna and CC&V is dependent upon the efforts of the Company’s employees and the Company’s relations with them. Relations with the Company’s employees may be affected by changes in the scheme of labor relations that may be introduced by the relevant governmental authorities in each of the jurisdictions in which the Company carries on business.

Although the Company intends to devote substantial time and incur substantial costs, as necessary, to ensure ongoing compliance, the Company cannot be certain that it will be successful in complying with internal control regulations. The Company’s accounting and other estimates may be imprecise.

Although the Company intends to devote substantial time and incur substantial costs, as necessary, to ensure ongoing compliance, the Company cannot be certain that it will be successful in complying with internal control regulations. 40 Table of Contents The Company’s accounting and other estimates may be imprecise.

Further, any acquisition the Company makes will require a significant amount of time and attention of the Company’s management, as well as resources that otherwise could be spent on the operation and development of its existing business. In addition, there may be intense competition for the acquisition of ore reserves and/or attractive mining properties.

Further, any acquisition the Company has made or will make will require a significant amount of time and attention from the Company’s management, as well as resources that otherwise could be spent on the operation and development of its existing business. In addition, there may be intense competition for the acquisition of ore reserves and/or attractive mining properties.

For example, as a result of the Çöpler Incident, we are observing increased negative media and social media attention directed at our Company and our operations in Türkiye, which we expect to continue. In recent years, social media has grown to rival or even dominate traditional media outlets in reach and dissemination of information.

For example, as a result of the Çöpler Incident, we have observed and we are continuing to observe increased negative media and social media attention directed at our Company and our operations in Türkiye, which we expect to continue. In recent years, social media has grown to rival or even dominate traditional media outlets in reach and dissemination of information.

The health, safety, and well-being of our employees, contractors, and their families following the Çöpler Incident, responding to inquiries from the government of Türkiye and progressing the remediation and the steps necessary to resume operations at Çöpler have been key areas of focus and the priority of the management team since the Çöpler Incident.

The health, safety, and well-being of our employees, contractors, and their families, along with the surrounding community, following the Çöpler Incident, responding to inquiries from and interacting with the government of Türkiye and progressing the remediation and the steps necessary to resume operations at Çöpler have been key areas of focus and the priority of the management team since the Çöpler Incident.

There can be no assurance that any business or assets acquired in the future will prove to be profitable, that the Company will be able to integrate the acquired businesses or assets successfully or that the Company will identify all potential liabilities during due diligence.

There can be no assurance that any business or assets that the Company has acquired or that it may acquire in the future will prove to be profitable, that the Company will be able to integrate the acquired businesses or assets successfully or that the Company will identify all potential liabilities during due diligence.

Losses from these events may cause the Company to incur significant costs that could have a material adverse effect upon its financial performance and results of operations. The Company is exposed to market and/or counterparty risks related to the sale of its concentrates and metals.

Losses from these events may cause the Company to incur significant costs that could have a material adverse effect on its financial performance and results of operations. 23 Table of Contents The Company is exposed to market and/or counterparty risks related to the sale of its concentrates and metals.

Any material reductions in estimates of mineralization, or of the Company’s ability to extract this mineralization, including estimates made in the technical report summaries for the Company’s operating properties and additional projects, could have a material adverse effect on the Company’s results of operations or financial condition.

Any material reductions in estimates of mineralization, or of the Company’s ability to extract this mineralization, including estimates made in a Technical Report Summary (as defined herein) for any of the Company’s operating properties and additional projects, could have a material adverse effect on the Company’s results of operations or financial condition.

See Note 20 to the Consolidated Financial Statements for further information. 27 The Company’s indebtedness or lack of liquidity may impair the financial health of the Company.

See Note 19 to the Consolidated Financial Statements for further information. The Company’s indebtedness or lack of liquidity may impair the financial health of the Company.

These subject properties are referred to as “superfund” sites. While no operations are currently so designated, it is possible that certain of our other current or former operations in the U.S. could be designated as a superfund site in the future, exposing us to potential liability under CERCLA.

These subject properties are referred to as “superfund” sites. While none of our operations are currently so designated, it is possible that certain of our other current or former operations in the United States could be designated as a superfund site in the future, exposing us to potential liability under CERCLA.

Any decline in our realized prices adversely impacts our revenues, net income and ope rating cash flows. 15 In addition, a decrease in the market price of gold, silver and other metals would affect the profitability of Çöpler, Marigold, Seabee and Puna and could affect the Company’s ability to finance the exploration and development of any of the Company’s other mineral properties.

Any decline in our realized prices adversely impacts our revenues, net income and operating cash flows. 15 Table of Contents In addition, a decrease in the market price of gold, silver and other metals would affect the profitability of Çöpler, Marigold, Seabee, Puna and CC&V and could affect the Company’s ability to finance the exploration and development of any of the Company’s other mineral properties.

The Company has prepared estimates of future production, operating costs and capital costs for Çöpler and the Technical Report Summary for Çöpler contains estimates of future production, development plans, operating and capital costs and other economic and technical estimates.

It is likely that our share price will continue to be volatile as a result of decreased investor confidence in the Company and the release of new information about the Çöpler Incident or the Company, including, among other things,updates regarding the timing or likelihood of returning to operations at Çöpler, actions taken by the Türkiye government, lawsuits or claims filed against us, or financial implications arising from the incident.

It is likely that our share price will continue to be volatile due to the release of new information about the Çöpler Incident or the Company, including, among other things, updates regarding the timing or likelihood of returning to operations at Çöpler, actions taken by the Türkiye government, lawsuits or claims filed against us, or financial implications arising from the incident.

There is no assurance that such estimates will be achieved and the failure to achieve production or cost estimates or material increases in costs could have a material adverse effect on the Company’s future cash flows, profitability, results of operations and financial condition and the Company’s share price. In addition, developments are prone to material cost overruns versus budget.

There is no assurance that such estimates will be achieved and the failure to achieve production or cost estimates or material increases in costs could have a material adverse effect on the Company’s future cash flows, profitability, results of operations and financial condition and the Company’s share price. 20 Table of Contents In addition, developments are prone to material cost overruns compared to what we have budgeted.

The Company’s mineral properties may be subject to uncertain title. There can be no assurance that title to the Company’s mineral properties will not be challenged. The Company owns, leases or has under option, unpatented and patented mining claims, mineral claims or concessions which constitute its property holdings.

There can be no assurance that title to the Company’s mineral properties will not be challenged. The Company owns, leases or has under option, unpatented and patented mining claims, mineral claims or concessions which constitute its property holdings. The ownership and validity, or title, of unpatented mining claims and concessions are often uncertain and may be contested.

Risks Related to the Company’s Operations and Business: • The Company’s production, development plans and cost estimates may vary and/or not be achieved. • Changes in the market prices of gold, silver and other metals, which in the past have fluctuated widely, will affect the Company’s operations. • The Company’s estimates of mineral reserves and mineral resources ("MRMR") are based on interpretation and assumptions and may yield less mineral production under actual conditions than is currently estimated. • The Company may be unable to replace its mineral reserves or acquire additional commercially mineable mineral rights. • The Company faces intense competition in the mining industry. • Increased operating and capital costs could affect the Company’s profitability. • The Company is subject to supply chain disruptions and transportation risks. • The Company’s operations may be adversely affected by rising energy prices or energy shortages. • Continuation of the Company’s mining production is dependent on the availability of sufficient water supplies to support our mining operations. • The Company may be exposed to future development risks. • Land reclamation, mine closure and remediation requirements and costs may be burdensome and actual environmental and asset retirement obligations may exceed estimates and reserves. • The Company is subject to information systems security threats and other risks. • The Company’s joint venture interests are subject to risks. • The Company’s interest in deferred consideration received from divestitures may not be fully realized. • Reputation loss may result in decreased investor confidence, increased challenges in developing and maintaining community relations and an impediment to the Company’s overall ability to advance its business and projects. • The Company’s insurance coverage does not cover all of the Company’s potential losses, liabilities and damages related to its business and certain risks are uninsured and uninsurable. • The Company is exposed to market and/or counterparty risks related to the sale of its concentrates and metals. • Public health crises have, and could in the future, adversely affect the Company’s business.

Risks Related to the Company’s Operations and Business: • The Company’s production, development plans and cost estimates may vary and/or not be achieved. • Changes in the market prices of gold, silver and other metals, which in the past have fluctuated widely, will affect the Company’s operations. • The Company’s estimates of mineral reserves and mineral resources ( “ MRMR ” ) are based on interpretation and assumptions and may yield less mineral production under actual conditions than is currently estimated. • The Company may be unable to replace its mineral reserves or acquire additional commercially mineable mineral rights. • The Company faces intense competition in the mining industry. • Increased operating and capital costs could affect the Company’s profitability. • The Company is subject to supply chain disruptions and transportation risks. • The Company’s operations may be adversely affected by rising energy prices or energy shortages. • Continuation of the Company’s mining production is dependent on the availability of sufficient water supplies to support our mining operations. • The Company may be exposed to future development risks. • Land reclamation, mine closure and remediation requirements and costs may be burdensome and actual environmental and asset retirement obligations may exceed estimates and reserves. • The Company is subject to information systems security threats and other risks. • The Company’s joint venture interests are subject to risks. • The Company’s interest in deferred consideration received from divestitures may not be fully realized. • Reputation loss may result in decreased investor confidence, increased challenges in developing and maintaining community relations and an impediment to the Company’s overall ability to advance its business and projects. • The Company’s insurance coverage does not cover all of the Company’s potential losses, liabilities and damages related to its business and certain risks are uninsured and uninsurable. • The Company is exposed to market and/or counterparty risks related to the sale of its concentrates and metals. • Public health crises have, and could in the future, adversely affect the Company’s business. 10 Table of Contents Financial Risks and Risks Related to Our Indebtedness: • General economic conditions may adversely affect the Company’s growth and profitability. • The Company may be adversely affected by fluctuations in foreign exchange rates. • Inflation may have a material adverse effect on results of operations. • The Company is subject to risks associated with hedging activities. • Future funding requirements may affect the Company’s business. • The Company may be unable to generate sufficient cash to fund its operations or service its debt. • The Company’s indebtedness or lack of liquidity may impair the financial health of the Company.

The negative impacts of the Çöpler Incident, which include, among other things, the pressure on our financial results, the stability of our operations in Türkiye, the impact of our ability to use available cash to fund growth at our producing mines, the reputational damage we may face, legal and/or regulatory exposure, and the significant decline in our share price, may make it increasingly challenging to attract and retain key executives and skilled and experienced employees, and employees generally.

Such opposition may take the form of legal or administrative proceedings or manifestations such as protests, roadblocks or other forms of public expression against our activities, any of which may have a negative impact on our local or global reputation and operations.

Such opposition may take the form of legal or administrative proceedings or other actions, such as physical protests, roadblocks or other forms of public expression, including social and other media campaigns, against our activities, any of which may have a negative impact on our local or global reputation and operations.

As a result of the Çöpler Incident, the Türkiye government could rescind or revoke permits associated with our Hod Maden development or otherwise prevent us from completing or participating in the development of Hod Maden.

Moreover, there is no assurance that the Company will be able to renew any agreements the Company has in place to sell doré or concentrates when such agreements expire, that the Company will be able to enter into any new or additional sale agreements, or that the Company’s doré or concentrates will meet the qualitative and/or quantitative requirements under supply agreements or of existing or future buyers. 24 Public health crises have, and could in the future, adversely affect the Company’s business.

COVID-19 caused operational shut downs at the Company’s properties in 2020 and exposed the Company to many of the risks described in this report, including operational and supply chain delays and disruptions, labor shortages, social unrest, breach of material contracts and customer agreements, increased insurance premiums and/or taxes, increased supplier and contractor expenses, decreased demand or the inability to sell and deliver precious metals, declines in the price of precious metals, delays in permitting or approvals, governmental disruptions, international economic and political conditions, international or regional consumptive patterns, expectations on inflation or deflation, interest rates, capital markets volatility, or other unknown but potentially significant impacts, including the possibility of a significant protracted economic downturn, including a global recession.

These crises have caused and could in the future cause, operational shut downs at the Company’s properties, operational and supply chain delays and disruptions, labor shortages, social unrest, breach of material contracts and customer agreements, increased insurance premiums and/or taxes, increased supplier and contractor expenses, decreased demand or the inability to sell and deliver precious metals, declines in the price of precious metals, delays in permitting or approvals, governmental disruptions, international economic and political conditions, international or regional consumptive patterns, expectations on inflation or deflation, interest rates, capital markets volatility, or other unknown but potentially significant impacts, including the possibility of a significant protracted economic downturn, including a global recession.

Additionally, media reports and social media stories, whether or not substantiated, could have an impact on our share price. These factors could subject the market price of our common shares to price fluctuations regardless of our underlying operating performance.

Additionally, media reports and social media stories in the United States, Canada, Türkiye and elsewhere, whether or not substantiated, could have an impact on our share price. These factors could subject the market price of our common shares to price fluctuations regardless of our underlying operating performance.

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Item 1C. Cybersecurity

Cybersecurity — threats and controls disclosure

3 edited+0 added−1 removed14 unchanged

2024 filing

2025 filing

Biggest changeRisk Factors for more information. 41 Governance The Company’s Director of Cybersecurity, assisted by the Company’s IT department, is responsible for leading the team assessing, identifying and managing cybersecurity risks, including implementation of our cybersecurity risk management program and leading day-to-day cybersecurity operations.

Biggest changeRisk Factors for more information. 42 Table of Contents Governance The Company’s Director of Cybersecurity, assisted by the Company’s IT department, is responsible for leading the team assessing, identifying and managing cybersecurity risks, including implementation of our cybersecurity risk management program and leading day-to-day cybersecurity operations.

The Company has not experienced a cybersecurity incident during the year ended December 31, 2024, or prior, that resulted in an interruption of our operations, known losses of critical data or otherwise had a material impact on our strategy, financial condition or results of operations.

The Company has not experienced a cybersecurity incident during the year ended December 31, 2025, or prior, that resulted in an interruption of our operations, known losses of critical data or otherwise had a material impact on our strategy, financial condition or results of operations. See Item 1A.

The Board may, from time to time, engage third party advisors and experts, and meet with the Company’s external advisors on cybersecurity matters, as appropriate. 42

The Board may, from time to time, engage third party advisors and experts, and meet with the Company’s external advisors on cybersecurity matters, as appropriate. 43 Table of Contents

Removed

The Company's Turkish subsidiary, Anagold Madencilik Sanayi ve Ticaret Anonim Şirketi (“Anagold”), was the target of a minor ransomware attack in November 2022, which did not cause serious disruption to the Company's or Anagold's operations. The scope of any future incident cannot be predicted. See Item 1A.

Item 2. Properties

Properties — owned and leased real estate

191 edited+103 added−80 removed84 unchanged

2024 filing

2025 filing

Biggest changeThe average recovery is estimted to be 96.1%. 73 Gold Reserves as of December 31, 2023 Proven Probable Proven and Probable SSR Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold Metallurgical Deposit Country Share (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Recovery Çöpler (OP)* (1)(2)(3)(4) Türkiye 80% 12,701 2.25 920 30,498 2.44 2,394 43,198 2.39 3,314 86 % Çöpler Stockpile* Türkiye 80% — — — 10,753 2.04 706 10,753 2.04 706 90 % Çöpler Heap Leach Inventory* Türkiye 80% — — — — — 49 — — 49 67 % Marigold (OP) (5) United States 100% — — — 150,700 0.52 2,496 150,700 0.52 2,496 74 % Marigold Stockpile United States 100% — — — 18,600 0.14 85 18,600 0.14 85 77 % Marigold (Leach Pad Inventory) United States 100% — — — — — 282 — — 282 71 % Seabee (UG) (6)(7) Canada 100% 238 6.00 46 1,815 5.01 292 2,053 5.13 338 96 % Seabee Stockpile Canada 100% 13 11.24 5 — — — 13 11.24 5 96 % 12,952 2.33 971 212,365 0.87 6,304 225,318 0.96 7,275 * Operations at Çöpler are currently suspended and we are unable to determine at this time when operations at Çöpler will resume, if at all.

Biggest changeThe following tables summarize the Company’s estimated gold reserves attributable to SSR Mining’s ownership as of December 31, 2025 and December 31, 2024 for each of its production and development assets. 87 Table of Contents Gold Reserves as of December 31, 2025 Proven Probable Proven and Probable SSR Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold Metallurgical Deposit Country Share (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Recovery Çöpler (OP)* (1)(2)(3)(4)(5) Türkiye 80% 12,652 2.25 917 30,446 2.44 2,390 43,098 2.39 3,307 86 % Çöpler (Stockpile)* (2)(3)(4) Türkiye 80% — — — 10,389 2.07 692 10,389 2.07 692 90 % Marigold (OP) (6)(7) United States 100% — — — 165,740 0.53 2,799 165,740 0.53 2,799 72 % Marigold (Stockpile) (7) United States 100% — — — 10,196 0.17 55 10,196 0.17 55 56 % Marigold (Leach Pad Inventory) United States 100% — — — 62,568 0.19 383 62,568 0.19 383 65 % CC&V (OP) (8)(9) United States 100% 105,440 0.44 1,480 46,566 0.41 607 152,006 0.43 2,087 52 % CC&V (Stockpile) (8) United States 100% — — — 68,205 0.26 564 68,205 0.26 564 47 % Seabee (UG) (10)(11) Canada 100% 332 5.33 57 3,052 4.55 447 3,383 4.63 504 96 % Seabee (Stockpile) Canada 100% 7 3.41 1 — — — 7 3.41 1 96 % Hod Maden (12) Türkiye 10% 137 22.19 98 634 4.50 92 771 7.64 190 87 % 118,568 0.67 2,553 397,796 0.63 8,029 516,363 0.64 10,582 88 Table of Contents * Operations at Çöpler are currently suspended and we are unable to determine at this time when operations at Çöpler will resume, if at all.

At this time, the Qualified Persons for the Çöpler TRS, as defined under S-K 1300 and NI 43-101, are of the opinion that these changes are not material to the Mineral Resources and Mineral Reserves described herein as compared to the information presented in the Çöpler TRS .

At this time, the Qualified Persons for the Çöpler TRS, as defined under S-K 1300 and NI 43-101 (as defined herein), are of the opinion that these changes are not material to the Mineral Resources and Mineral Reserves described herein as compared to the information presented in the Çöpler TRS .

Silver credits are not incorporated into NSR calculations. (5) Metallurgical silver recovery varies between 23-91% (average 49.7%) for oxide grind leach and 0-3% for sulfide POX. Average silver recoveries are 8%.

Silver credits are not incorporated into NSR calculations. (5) Metallurgical silver recovery varies between 23.0-91.0% (average 49.7%) for oxide grind leach and 0.0-3.0% for sulfide POX. Average silver recoveries are 8%.

(7) Metallurgical silver recovery varies between 23-91% (average 49.7%) for oxide grind leach and 0-3% for sulfide POX. Average silver recoveries are 8%. (8) Mineral Resources that are not Mineral Reserves have not demonstrated economic viability. (9) The point of reference for Mineral Resources is the point of feed into the processing facility.

(7) Metallurgical silver recovery varies between 23.0-91.0% (average 49.7%) for oxide grind leach and 0.0-3.0% for sulfide POX. Average silver recoveries are 8.0%. (8) Mineral Resources that are not Mineral Reserves have not demonstrated economic viability. (9) The point of reference for Mineral Resources is the point of feed into the processing facility.

SLR International Corporation, as Qualified Person defined under S-K 1300 and NI 43-101, is of the opinion that there are no material changes to the Mineral Resources and Mineral Reserves described herein as compared to the information presented in the Marigold TRS.

(3) Çöpler metallurgical silver recoveries vary between 23% and 91% for oxide grind leach and 0-3% for sulfide POX. The average recovery is estimated to be 49.7%. Average silver recoveries are 8%. Silver credits are not incorporated into NSR calculations.

(3) Çöpler metallurgical silver recoveries vary between 23.0-91.0% for oxide grind leach and 0.0-3.0% for sulfide POX. The average recovery is estimated to be 49.7%. Average silver recoveries are 8.0%. Silver credits are not incorporated into NSR calculations.

Electricity is produced from natural gas generators at Pirquitas. Government permits required to conduct exploration, drilling, and processing at Puna have been obtained. 67 Mineral Processing and Metallurgical Testing The metallurgical development of Chinchillas ore types commenced in 2013 and continued through 2023. There have been six different test work programs that have been carried out on the Chinchillas ore.

Electricity is produced from natural gas generators at Pirquitas. Government permits required to conduct exploration, drilling, and processing at Puna have been obtained. Mineral Processing and Metallurgical Testing The metallurgical development of Chinchillas ore types commenced in 2013 and continued through 2023. There have been six different test work programs that have been carried out on the Chinchillas ore.

Further information on Çöpler is included herein under the “Çöpler, Erzincan Province, Türkiye” section and detailed disclosure of a scientific or technical nature regarding Çöpler is available in the Çöpler TRS. All operations at Çöpler have ceased following the Çöpler Incident and we are unable to determine at this time when operations at Çöpler will resume, if at all.

Further information on Çöpler is included herein under the “Çöpler Property, Erzincan Province, Türkiye” section and detailed disclosure of a scientific or technical nature regarding Çöpler is available in the Çöpler TRS. All operations at Çöpler have ceased following the Çöpler Incident and we are unable to determine at this time when operations at Çöpler will resume, if at all.

(3) Mineral Reserves are based on a gold price of $1,450/oz. (4) Metallurgical gold recoveries for grind leach varies between 53-90% based on lithology, and for sulfide varies between 81-91%. All cut-off values include allowance for royalty payable. Grind leach uses a NSR cut-off value of $21.77/t, and sulfide ore uses a cut-off value of $45.58/t.

(3) Mineral Reserves are based on a gold price of $1,450/oz. (4) Metallurgical gold recoveries for grind leach varies between 53.0-90.0% based on lithology, and for sulfide varies between 81.0-91.0%. All cut-off values include allowance for royalty payable. Grind leach uses a NSR cut-off value of $21.77/t, and sulfide ore uses a cut-off value of $45.58/t.

Metallurgical gold recoveries for grind leach varies between 53-90% based on lithology, and for sulfide varies between 81-91%. All cut-off values include allowance for royalty payable. Grind leach uses a NSR cut-off value of $21.77/t, and sulfide ore uses a cut-off value of $45.58/t. Silver credits are not incorporated into NSR calculations.

Metallurgical gold recoveries for grind leach varies between 53.0-90.0% based on lithology, and for sulfide varies between 81.0-91.0%. All cut-off values include allowance for royalty payable. Grind leach uses a NSR cut-off value of $21.77/t, and sulfide ore uses a cut-off value of $45.58/t. Silver credits are not incorporated into NSR calculations.

All NSR cut-off values include allowances for payability, deductions, transport, and royalties. Silver credits are not incorporated into NSR calculations. (6) Metallurgical gold recovery for grind leach varies between 53-90% based on lithology; metallurgical recovery for sulfide varies between 81-91% based on lithology.

All NSR cut-off values include allowances for payability, deductions, transport, and royalties. Silver credits are not incorporated into NSR calculations. (6) Metallurgical gold recovery for grind leach varies between 53.0-90.0% based on lithology; metallurgical recovery for sulfide varies between 81.0-91.0% based on lithology.

Mining Operations There is currently one operating mine as part of Seabee, the underground Santoy mine, with ore hauled to the surface and then 14 kilometers to the mill located near the old Seabee mine. Ore is mined from the Santoy 8, Santoy 9, and Hanging Wall vein structures.

Mining Operations There is currently one operating mine as part of Seabee, the underground Santoy mine, with ore hauled to the surface and then 14 kilometers to the mill located near the old Seabee mine. At Santoy mine, ore is mined from the Santoy 8, Santoy 9, and Hanging Wall vein structures.

The operating and economic assumptions, along with the mineral reserve, mineral resources, cost estimates and other findings contained in such TRS, may no longer be accurate and, when more information is available regarding the operations at Çöpler, the TRS may need to be amended.

The operating and economic assumptions, along with the mineral reserve, mineral resources, cost estimates and other findings contained in the Çöpler TRS, may no longer be accurate and, when more information is available regarding the operations at Çöpler, the Çöpler TRS may need to be amended.

Additional Mining Company Financial Information The Company is listed on Nasdaq, TSX and the ASX and is subject to the ongoing disclosure and reporting requirements, including those required of a mineral resource company, in both the United States and Canada. The mineral resource company disclosure requirements in each country are different.

Additional Mining Company Financial Information The Company is listed on Nasdaq and TSX and is subject to the ongoing disclosure and reporting requirements, including those required of a mineral resource company, in both the United States and Canada. The mineral resource company disclosure requirements in each country are different.

Exploration and Drilling Since acquiring the Property, the Company has conducted several surface exploration programs including soil sampling, geophysics, and in-fill/delineation drilling. Reverse Circulation (“RC”) and Core (“Diamond Drilling-DD”) drilling on the Property is the principal method of exploration and delineation of gold mineralization.

Exploration and Drilling Since acquiring the Marigold Property, the Company has conducted several surface exploration programs including soil sampling, geophysics, and in-fill/delineation drilling. Reverse Circulation (“RC”) and Core (“Diamond Drilling-DD”) drilling on the Marigold Property is the principal method of exploration and delineation of gold mineralization.

Since commencement of drilling, quality control system includes certified standards, blanks, and field duplicate samples. All CRMs and blanks were obtained from independent third-party provider Geostats Pty Ltd. Quarter core was submitted as field duplicate.

Since commencement of drilling, the quality control system includes certified standards, blanks, and field duplicate samples. All CRMs and blanks were obtained from independent third-party provider Geostats Pty Ltd. Quarter core was submitted as field duplicate.

Sampling, Analysis, and Data Verification Sampling interval was established by minimum or maximum sampling lengths and geological and/or structural criteria. During the year ended December 31, 2024, all drill samples in respect of the Seabee Gold Operation underground drilling program were assayed by our on-site non-accredited assay laboratory, which is not independent from the Company.

Sampling, Analysis, and Data Verification Sampling interval was established by minimum or maximum sampling lengths and geological and/or structural criteria. During the year ended December 31, 2025, all drill samples in respect of the Seabee Gold Operation underground drilling program were assayed by our on-site non-accredited assay laboratory, which is not independent from the Company.

Mining Operations Marigold uses standard open pit mining methods. Mining operations are currently performed using a loading fleet consisting of one electric shovel and three hydraulic shovels and a haulage fleet of 280 tonne trucks. The mine conducts conventional drilling and blasting activities with a free face trim row blast to ensure stable wall rock conditions.

Mining Operations Marigold uses standard open pit mining methods. Mining operations are currently performed using a loading fleet consisting of one electric shovel and three hydraulic shovels and a haulage fleet of twenty-seven 280 tonne trucks. The mine conducts conventional drilling and blasting activities with a free face trim row blast to ensure stable wall rock conditions.

The Mineral Reserve estimates were prepared in accordance with S-K 1300. (2) Mineral Reserves are based on a gold price of $1,500/oz. (3) Marigold Mine Mineral Reserves are reported at a cut-off grade of 0.069 g/t payable gold (gold assay factored for metallurgical recovery, royalty, and net proceeds).

The Mineral Reserve estimates were prepared in accordance with S-K 1300. (2) Mineral Reserves are based on a gold price of $1,700/oz. (3) Marigold Mine Mineral Reserves are reported at a cut-off grade of 0.069 g/t payable gold (gold assay factored for metallurgical recovery, royalty, and net proceeds).

The Battle Mountain district hosts numerous mineral occurrences, including porphyry copper–gold, porphyry copper–molybdenum, skarn, placer gold, distal disseminated silver-gold, and Carlin-type gold systems. The gold deposits at the Marigold Mine are best classified as Carlin-type gold deposits (CTGD). Gold mineralizing fluids were primarily controlled by fault structure and lithology, with tertiary influence by fold geometry.

The Battle Mountain district hosts numerous mineral occurrences, including porphyry copper–gold, porphyry copper–molybdenum, skarn, placer gold, distal disseminated silver-gold, and Carlin-type gold systems. The gold deposits at the Marigold Mine are best classified as Carlin-type gold deposits (“CTGD”). Gold mineralizing fluids were primarily controlled by fault structure and lithology, with tertiary influence by fold geometry.

A total of 136 diamond core holes have been completed since 2019 to test for continuation of the Çakmaktepe deposit to the north and the east. There has been no activity in 2024. Since the initial discovery of mineralization at Çakmaktepe Extension, Anagold has undertaken several drilling programs to refine the geological model and increase mineral resources.

A total of 136 diamond core holes have been completed since 2019 to test for continuation of the Çakmaktepe deposit to the north and the east. There has been no activity in 2025. Since the initial discovery of mineralization at Çakmaktepe Extension, Anagold has undertaken several drilling programs to refine the geological model and increase mineral resources.

A total of 767 diamond core holes for 162,890 meters at Çakmaktepe Extension from late-2017 through December 2023, including holes for metallurgical testing and hydrogeological studies. During 2023, 108 diamond core holes for 26,454 meters were completed at Çakmaktepe Extension, mainly for resource-reserve definition purposes. There has been no activity in 2024.

Geological Setting, Mineralization, and Deposit Types The Chinchillas and Pirquitas deposits are considered part of the Bolivian tin-silver–zinc belt that extends from the San Rafael tin-copper deposit in southern Peru into the Puna region of Jujuy. Deposits with similar styles of mineralization include San Cristóbal, Potosí, and Pulacayo.

Geological Setting, Mineralization, and Deposit Types The Chinchillas and Pirquitas deposits are considered part of the Bolivian tin-silver–zinc belt that extends from the San Rafael tin-copper deposit in southern Peru into Bolivia and then the Puna region of Jujuy. Deposits with similar styles of mineralization include San Cristóbal, Potosí, and Pulacayo.

The 2024 samples were analyzed by Alex Stewart International, with the physical preparation carried out in Palpala, Jujuy, and the chemical analysis performed in Mendoza. Sample shipment between Jujuy and Mendoza was managed by Alex Stewart following arrival in Jujuy. Both Alex Stewart and ALS are international laboratories certified under ISO 9001:2008, ISO 17025:2008, and ISO 14001: 2004.

The 2025 samples were analyzed by Alex Stewart International, with the physical preparation carried out in Palpala, Jujuy, and the chemical analysis performed in Mendoza. Sample shipment between Jujuy and Mendoza was managed by Alex Stewart following arrival in Jujuy. Both Alex Stewart and ALS are international laboratories certified under ISO 9001:2008, ISO 17025:2008, and ISO 14001: 2004.

Based on the information and metallurgical test results, low-sulfur mineralization is amenable to cyanide leaching as a recovery method; grinding the ore prior to cyanide leaching increases both the reaction kinetics and final recoverable metal. The throughput of the proposed plant is two million tonnes per annum (“Mtpa”).

Mill construction was completed in late 1991 and mining commenced in December 1991. Exploration and production expanded into the Santoy segment of the property through the early 2000s. The Company acquired the Seabee on May 31, 2016. Seabee has produced over 1.86 million ounces of gold since production began in 1991.

Mill construction was completed in late 1991 and mining commenced in December 1991. Exploration and production expanded into the Santoy segment of the property through the early 2000s. The Company acquired Seabee on May 31, 2016. Seabee has produced over 1.90 million ounces of gold since production began in 1991.

The Mineral Reserves presented below as of December 31, 2024 and December 31, 2023 have been prepared in accordance with the U.S. Securities and Exchange Commission (“SEC”) Regulation S-K subpart 1300 rules for Property Disclosures for Mining Registrants (“S-K 1300”), and have been approved by the Qualified Persons.

The Mineral Reserves presented below as of December 31, 2025 and December 31, 2024 have been prepared in accordance with the U.S. Securities and Exchange Commission (“SEC”) Regulation S-K subpart 1300 rules for Property Disclosures for Mining Registrants (“S-K 1300”), and have been approved by the Qualified Persons.

The current Marigold workforce totals 483 employees. The power supply for Marigold is provided by NV Energy Inc. Water for Marigold is supplied from three groundwater wells located near the access road to the Property. Marigold owns sufficient ground water rights to support mine operations.

The current Marigold workforce totals 493 employees. The power supply for Marigold is provided by NV Energy Inc. Water for Marigold is supplied from three groundwater wells located near the access road to the Property. Marigold owns sufficient ground water rights to support mine operations.

During the year ended December 31, 2023, a total of 19 drillholes for 7,261 meters of drilling were completed to validate historical drillholes and expand/define the Mavidere deposit. There has been no activity in 2024.

Additionally, see “Proven and Probable Reserve Estimates by Mineral” in this Item 2 for further information on the mineral resources and mineral reserves for Çöpler, and see “Operating Statistics” in this Item 2 for further information on production of the Çöpler operations for the years ended December 31, 2024 and December 31, 2023.

Drilling at Bayramdere commenced in 2007 as part of the near-mine exploration strategy. Since that time 120 holes have been drilled at Bayramdere for a total of 10,734 meters. There has been no activity in 2024.

Additionally, see “Proven and Probable Reserve Estimates by Mineral” in this Item 2 for further information on the mineral resources and mineral reserves for Marigold for the years ended December 31, 2024 and December 31, 2023, and see “Operating Statistics” in this Item 2 for further information on production of the Marigold operations for the years ended December 31, 2024 and December 31, 2023.

Additionally, see “Proven and Probable Reserve Estimates by Mineral” in this Item 2 for further information on the mineral resources and mineral reserves for Marigold for the years ended December 31, 2025 and December 31, 2024, and see “Operating Statistics” in this Item 2 for further information on production of the Marigold operations for the years ended December 31, 2025 and December 31, 2024.

Additionally, see “Proven and Probable Reserve Estimates by Mineral” in this Item 2 for further information on the mineral resources and mineral reserves for Seabee for the years ended December 31, 2024 and December 31, 2023, and see “Operating Statistics” in this Item 2 for further information on production of Seabee operations for the years ended December 31, 2024 and December 31, 2023.

Additionally, see “Proven and Probable Reserve Estimates by Mineral” in this Item 2 for further information on the mineral resources and mineral reserves for Seabee for the years ended December 31, 2025 and December 31, 2024, and see “Operating Statistics” in this Item 2 for further information on production of Seabee operations for the years ended December 31, 2025 and December 31, 2024.

Additionally, see “Proven and Probable Reserve Estimates by Mineral” in this Item 2 for further information on the mineral resources and mineral reserves for Puna for the years ended December 31, 2024 and December 31, 2023, and see “Operating Statistics” in this Item 2 for further information on production of the Puna operations for the years ended December 31, 2024 and December 31, 2023.

Additionally, see “Proven and Probable Reserve Estimates by Mineral” in this Item 2 for further information on the mineral resources and mineral reserves for Puna for the years ended December 31, 2025 and December 31, 2024, and see “Operating Statistics” in this Item 2 for further information on production of the Puna operations for the years ended December 31, 2025 and December 31, 2024.

Potable water is obtainable locally through SSR Mining’s potable water system at both the Seabee and Santoy mine sites. The site currently uses a slow sand filter system. The current Seabee workforce totals 398 employees. 62 There are currently two tailings management facilities (“TMF”) that are being used by the mill; the East Lake TMF and the Triangle Lake TMF.

Potable water is obtainable locally through SSR Mining’s potable water system at both the Seabee and Santoy mine sites. The site currently uses a slow sand filter system. The current Seabee workforce totals 413 employees. There are currently two tailings management facilities (“TMF”) that are being used by the mill; the East Lake TMF and the Triangle Lake TMF.

Gold mineralization at the Santoy mine complex is hosted within the Santoy Shear Zone (SSZ); a kilometer scale shear zone with a roughly north-south strike that dips moderately to steeply to the east.

Gold mineralization at the Santoy mine complex is hosted within the Santoy Shear Zone (“SSZ”); a kilometer scale shear zone with a roughly north-south strike that dips moderately to steeply to the east.

See Part 1. Çöpler Incident. (1) Çöpler Mineral Reserves includes reserves from Çöpler Mine and Greater Cakmaktepe. There are no Mineral Reserves at Bayramdere. (2) Çöpler Mineral Reserves shown are SSR Mining ownership share only. SSR Mining owns 80% of both Anagold and Kartaltepe licenses. (3) Çöpler Mineral Reserves are based on a gold price of $1,450/oz.

See Item 1. Business - Çöpler Incident. (1) Çöpler Mineral Reserves includes reserves from Çöpler Mine and Greater Cakmaktepe. There are no Mineral Reserves at Bayramdere. (2) Çöpler Mineral Reserves shown are SSR Mining ownership share only. SSR Mining owns 80% of both Anagold and Kartaltepe licenses. (3) Çöpler Mineral Reserves are based on a gold price of $1,450/oz.

Testwork conducted in 2023 on the Porky West deposit show a metallurgical recovery of 95.6%, with a high proportion of recovery coming from gravity processing. Processing and Recovery Operations Material has been processed for 30 years in the mill constructed immediately adjacent to the old Seabee mine.

Testwork conducted in 2023 on the Porky West deposit show a metallurgical recovery of 96%, with a high proportion of recovery coming from gravity processing. Processing and Recovery Operations Material has been processed for 30 years in the mill constructed immediately adjacent to the old Seabee mine.

SSR Mining controls 80% of the shares of Anagold through a joint venture; Lidya Madencilik Sanayi ve Ticaret A.Ş. (“Lidya”) controls 18.5%; and a bank wholly‑owned by Çalık Holdings A.Ş. holds the remaining 1.5%. Greater Çakmaktepe is wholly owned by Kartaltepe Madencilik Sanayi ve Ticaret Anonim Şirketi (“Kartaltepe”).

SSR Mining controls 80% of the shares of Anagold through a joint venture; Lidya Mines controls 18.5%; and a bank wholly‑owned by Çalık Holdings A.Ş. holds the remaining 1.5%. Greater Çakmaktepe is wholly owned by Kartaltepe Madencilik Sanayi ve Ticaret Anonim Şirketi (“Kartaltepe”). SSR Mining controls 80% of the shares of Kartaltepe and Lidya Mines holds the remaining 20%.

Factors contributing to the changes include: (i) conversion of Mineral Resources to Mineral Reserves, (ii) re-interpretation of the mineralized envelopes using the most updated drill hole information, (iii) change to optimization parameters with regards to cost and change in cut-off grade, and (iv) depletion.

The flotation plant has been in operation for 3 years and increased the solids content and improved the final settled density based on an increase in the rate of tailings consolidation. 49 Infrastructure, Permitting, and Compliance Activities The power supply for the Çöpler mine and processing facilities is provided via a 154 kV transmission line to site.

The flotation plant has been in operation for 3 years and increased the solids content and improved the final settled density based on an increase in the rate of tailings consolidation. 57 Table of Contents Infrastructure, Permitting, and Compliance Activities The power supply for the Çöpler mine and processing facilities is provided via a 154 kV transmission line to site.

Property Description and Location Marigold is located in southeastern Humboldt County, in the northern foothills of the Battle Mountain Range, Nevada, U.S, approximately 5 kilometers south–southwest of the town of Valmy, Nevada. Access to the property is via a five kilometer public road (hard-packed clay and gravel) off the Valmy Exit 216 on Interstate Highway 80.

Property Description and Location Marigold is located in southeastern Humboldt County, in the northern foothills of the Battle Mountain Range, Nevada, United States, approximately 5 kilometers south–southwest of the town of Valmy, Nevada. Access to the property is via a five kilometer public road (hard-packed clay and gravel) off the Valmy Exit 216 on Interstate Highway 80.

A discussion of the changes in mineral resources and mineral reserves from 2023 to 2024 is also included below. Çöpler Reserves as of December 31, 2024* Proven Probable Proven and Probable Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold Metallurgical Gold (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Recovery Çöpler (OP) (1)(2)(3)(4)(6)(7)(8) 12,652 2.25 917 30,446 2.44 2,390 43,098 2.39 3,307 86 % Çöpler Stockpile — — — 10,389 2.07 692 10,389 2.07 692 90 % Tonnes Grade Silver Tonnes Grade Silver Tonnes Grade Silver Metallurgical Silver (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Recovery Çöpler (OP) (5) 12,652 4.10 1,668 30,446 4.54 4,444 43,098 4.41 6,112 30 % * Operations at Çöpler are currently suspended and we are unable to determine at this time when operations at Çöpler will resume, if at all.

A discussion of the changes in mineral resources and mineral reserves from 2024 to 2025 is also included below. Çöpler Reserves as of December 31, 2025* Proven Probable Proven and Probable Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold Metallurgical Gold (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Recovery Çöpler (OP) 12,652 2.25 917 30,446 2.44 2,390 43,098 2.39 3,307 86 % Çöpler (Stockpile) — — — 10,389 2.07 692 10,389 2.07 692 90 % Tonnage Grade Silver Tonnage Grade Silver Tonnage Grade Silver Metallurgical Silver (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Recovery Çöpler (OP) 12,652 4.10 1,668 30,446 4.54 4,444 43,098 4.41 6,112 30 % * Operations at Çöpler are currently suspended and we are unable to determine at this time when operations at Çöpler will resume, if at all.

SLR International Corporation, as Qualified Person defined under S-K 1300 and NI 43-101, is of the opinion that there are no material changes to the Mineral Resources and Reserves described herein as compared to the information presented in the Puna TRS. 70 Exploration and Drilling At Chinchillas, exploration programs included geological mapping, geophysical surveying, and diamond drilling to identify and delineate mineralized areas.

SLR International Corporation, as Qualified Person, as defined under S-K 1300 and NI 43-101, is of the opinion that there are no material changes to the Mineral Resources and Mineral Reserves described herein as compared to the information presented in the Puna TRS. 85 Table of Contents Exploration and Drilling At Chinchillas, previous exploration programs included geological mapping, geophysical surveying, and diamond drilling to identify and delineate mineralized areas.

This surface lease provides land surface rights necessary to carry out the mining, milling and associated operations at the Seabee. The existing surface lease is in effect from March 2010 to its expiry date of May 31, 2040. The operations at Seabee were temporarily suspended in August 2024 due to forest fires in the vicinity of the mine.

This surface lease provides land surface rights necessary to carry out the mining, milling and associated operations at the Seabee. The existing surface lease is in effect from March 2010 to its expiry date of May 31, 2040. The operations at Seabee were temporarily suspended in June 2025 due to forest fires in the vicinity of the mine.

The Çöpler mining operations fall within the license areas numbered 847, 49729, and 20067313, which have been granted by the General Directorate of Mining and Petroleum Affairs within Türkiye. The Greater Çakmaktepe mining operation is located six kilometers east of the Çöpler pit and 1.5 kilometers south of İliç.

Mining operations are conducted year-round. The Çöpler mining operations fall within the license areas numbered 847, 49729, and 20067313, which have been granted by the General Directorate of Mining and Petroleum Affairs within Türkiye. The Greater Çakmaktepe mining operation is located six kilometers east of the Çöpler pit and 1.5 kilometers south of İliç.

Gold recovery from future ore is estimated to be 74.5% based on a review of historical assay and recovery data as well as metallurgical test work on future ore. 57 Metallurgical studies were performed by Newmont on the Buffalo Valley deposit and subsequently verified by test work conducted by SSR Mining.

Gold recovery from future ore is estimated to be 74.5% based on a review of historical assay and recovery data as well as metallurgical test work on future ore. 65 Table of Contents Metallurgical studies were performed by Newmont on the Buffalo Valley deposit and subsequently verified by test work conducted by SSR Mining.

All data collected, including but not limited to collar location, downhole survey, geological, and analytical data, are subject to SSR Mining's Quality Assurance, Quality Control ( “ QAQC ” ) procedures. Oxide Grind Leach The Company is reviewing a proposed process to treat oxide ores from the Çakmaktepe Extension open pit.

All data collected, including but not limited to collar location, downhole survey, geological, and analytical data, are subject to SSR Mining's QAQC procedures. Oxide Grind Leach The Company is reviewing a proposed process to treat oxide ores from the Çakmaktepe Extension open pit.

Factors contributing to the changes include: (i) conversion of Inferred Resources to Indicated Resources at Porky West, (ii) re-interpretation of the mineralized envelopes using the most updated drill hole information, (iii) change to optimization parameters with regards to cost and cut-off grade, and (iv) depletion.

Factors contributing to the changes include: (i) conversion of Measured and Indicated Resources to Mineral Reserves at Porky West, (ii) re-interpretation of the mineralized envelopes using the most updated drill hole information, (iii) change to optimization parameters with regards to cost and cut-off grade, and (iv) depletion.

Cumulative gold production from the Marigold leach pad through December 31, 2024 is equivalent to 70.6% recovery, and total gold recovery, including recoverable gold inventory in the pad, is estimated at 73.9%. Resource and Reserve Estimates The following tables present the mineral reserves and mineral resources information for Marigold.

Cumulative gold production from the Marigold leach pad through December 31, 2025 is equivalent to 71.6% recovery, and total gold recovery, including recoverable gold inventory in the pad, is estimated at 73.9%. Resource and Reserve Estimates The following tables present the mineral reserves and mineral resources information for Marigold.

See Part 1. Çöpler Incident. (1) Mineral Resources include resources from Çöpler Mine, Greater Cakmaktepe, and Bayramdere. All Mineral Resources were assessed for reasonable prospects for eventual economic extraction by reporting only material that fell within conceptual pit shells. Mineral Resources are exclusive of Mineral Reserves. The Mineral Resource estimate was prepared in accordance with S-K 1300.

See “Item 1. Çöpler Incident.” (1) Mineral Resources include resources from Çöpler Mine, Greater Çakmaktepe, and Bayramdere. All Mineral Resources were assessed for reasonable prospects for eventual economic extraction by reporting only material that fell within conceptual pit shells. Mineral Resources are exclusive of Mineral Reserves. The Mineral Resource estimate was prepared in accordance with S-K 1300.

(3) Mineral Resources are reported using $22.00/oz of silver, $0.95/lb of lead, and $1.15/lb of zinc. (4) Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. (5) The point of reference for Mineral Resources is the point of feed into the processing facility.

(3) Mineral Resources are reported using $23.00/oz of silver, $0.95/lb of lead, and $1.30/lb of zinc. (4) Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. (5) The point of reference for Mineral Resources is the point of feed into the processing facility.

(2) Marigold Mineral Resources are reported based on $1,750/oz gold price. (3) Marigold Mine is based on an optimized pit shell at a cut-off grade of 0.069 g/t payable gold (gold assay factored for recovery, royalty, and net proceeds). Buffalo Valley is based on a cut-off grade of 0.10 g/t to 0.72 g/t contained gold based on material types.

(2) Marigold Mineral Resources are reported based on $2,000/oz gold price. (3) Marigold Mine is based on an optimized pit shell at a cut-off grade of 0.069 g/t payable gold (gold assay factored for recovery, royalty, and net proceeds). Buffalo Valley is based on a cut-off grade of 0.10 g/t to 0.32 g/t contained gold based on material types.

Buffalo Valley cut-off grades ranges from 0.10 g/t – 0.82 g/t contained gold based on material types. (4) No mining dilution is applied to the grade of the Mineral Reserves. Dilution is intrinsic to the Mineral Reserves estimate and is considered sufficient to represent the mining selectivity considered.

Buffalo Valley cut-off grades ranges from 0.12 g/t – 0.72 g/t contained gold based on material types. (4) No mining dilution is applied to the grade of the Mineral Reserves. Dilution is intrinsic to the Mineral Reserves estimate and is considered sufficient to represent the mining selectivity considered.

As a result, we have not identified a comparable financial measure calculated under U.S. GAAP and we have also not provided a reconciliation of these mining industry non-GAAP financial measures to a U.S. GAAP financial measure.

GAAP for these mining industry non-GAAP (as defined herein) financial measures. As a result, we have not identified a comparable financial measure calculated under U.S. GAAP and we have also not provided a reconciliation of these mining industry non-GAAP financial measures to a U.S. GAAP financial measure.

A discussion of the changes in mineral resources and mineral reserves from 2023 to 2024 is also included below.

A discussion of the changes in mineral resources and mineral reserves from 2024 to 2025 is also included below.

See Part 1. Çöpler Incident. (1) Mineral Reserves includes reserves from Çöpler Mine and Greater Cakmaktepe. There are no Mineral Reserves at Bayramdere. The Mineral Reserve estimates were prepared in accordance with S-K 1300. (2) Mineral Reserves shown are SSR Mining ownership share only. SSR Mining owns 80% of both the Anagold and Kartaltepe licenses.

See “Item 1. Çöpler Incident.” (1) Mineral Reserves includes reserves from Çöpler Mine and Greater Çakmaktepe. There are no Mineral Reserves at Bayramdere. The Mineral Reserve estimates were prepared in accordance with S-K 1300. (2) Mineral Reserves shown are SSR Mining ownership share only. SSR Mining owns 80% of both the Anagold and Kartaltepe licenses.

All of the Company’s producing properties are wholly owned except for Çöpler, which is 80% owned by SSR Mining through a joint venture agreement. 43 The Çöpler Property (“Çöpler”) is comprised of the Çöpler Mine, Greater Çakmaktepe Mine, and associated processing facilities.

All of the Company’s producing properties are wholly owned except for Çöpler, which is 80% owned by SSR Mining through a joint venture agreement. Çöpler is comprised of the Çöpler Mine, Greater Çakmaktepe Mine, and associated processing facilities.

Gold mineralization at the Porky deposits occurs along the western margin of the Ray Lake synform within a kilometer scale shear zone, the Pine Lake Shear Zone (PLSZ), that strikes east-southeast and dips moderately to the south.

Gold mineralization at the Porky deposits (Porky Main and Porky West) occurs along the western margin of the Ray Lake synform within a kilometer scale shear zone, the Pine Lake Shear Zone (“PLSZ”), that strikes east-southeast and dips moderately to the south.

SLR International Corporation, as Qualified Person defined under S-K 1300, is of the opinion that there are no material changes to the Mineral Resources and Reserves described herein as compared to the information presented in the Seabee TRS. 64 Exploration and Drilling Since acquiring the property, the Company has conducted several surface and underground exploration programs including soil sampling, geophysics, and in-fill/delineation drilling.

SLR International Corporation, as Qualified Person as defined under S-K 1300 and NI 43-101, is of the opinion that there are no material changes to the Mineral Resources and Mineral Reserves described herein as compared to the information presented in the Seabee TRS. 78 Table of Contents Exploration and Drilling Since acquiring the property, the Company has conducted several surface and underground exploration programs including soil sampling, geophysics, and in-fill/delineation drilling.

Marigold Mine is an open pit mining and processing operation located in Nevada, United States. SSR Mining, through its subsidiary Marigold Mining Company, is the operator of the Marigold Complex and holds a 100% interest in the property. The total cost of the Marigold Complex’s gross mineral properties, plant, and equipment as of December 31, 2024 was $651.7 million.

Factors contributing to the changes include: (i) conversion of Buffalo Valley Mineral Resources to Mineral Reserves, (ii) re-interpretation of the mineralized envelopes using the most updated drill hole information, (iii) change to optimization parameters with regards to cost, and (iv) depletion.

Factors contributing to the changes include: (i) reduction of Buffalo Valley Mineral Resources due to conversion, (ii) re-interpretation of the mineralized envelopes using the most updated drill hole information, (iii) change to optimization parameters with regards to metal price and cost changes, and (iv) depletion.

(4) The point of reference for Mineral Reserves is the point of feed into the processing facility. Mineral Reserve Estimates at Puna as of December 31, 2024 decreased compared to December 31, 2023. Proven and Probable contained silver ounces decreased by 1.1 Moz, or 6%.

(4) The point of reference for Mineral Reserves is the point of feed into the processing facility. Mineral Reserve Estimates at Puna as of December 31, 2025 decreased compared to December 31, 2024. Proven and Probable contained silver ounces decreased by 1.5 Moz, or 7.5%.

Mineral Resources are exclusive of Mineral Reserves. The Mineral Resource estimate was prepared in accordance with S-K 1300. (4) Marigold metallurgical recoveries varies with gold grade. Marigold Mine and Buffalo Valley average recovery is 73% and 68%, respectively. (5) Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

(4) Mineral Resources are exclusive of Mineral Reserves. The Mineral Resource estimate was prepared in accordance with S-K 1300. (5) Marigold metallurgical recoveries varies with gold grade. Marigold Mine and Buffalo Valley average recovery is 75.5% and 67.1%, respectively. (6) Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Additionally, we have not determined that, if we resume operations at Çöpler, the information presented below, including the mineral resources and reserves presented under “ – Resource and Reserve Estimates,” continues to be accurate or will be accurate at such time as the Company resumes operations at Çöpler.

Additionally, we have not determined that, if we resume operations at Çöpler, the information presented below, including the mineral resources and reserves presented under “Resource and Reserve Estimates”, continues to be accurate or will be accurate at such time as the Company resumes operations at Çöpler.

SSR Mining holds a 100% interest in the property through its wholly‑owned subsidiary, SGO Mining Inc., which also acts as operator for Seabee. The total cost of Seabee’s gross mineral properties, plant and equipment as of December 31, 2024 was $613.7 million.

After reviewing, it is the Company’s opinion, the sample preparation, security, and analytical procedures meet industry standards, and the QA/QC program, as designed and implemented are in line with industry best practices. Data verification was completed as part of the generation of the mineral resources estimate.

After reviewing, it is the Company’s opinion, the sample preparation, security, and analytical procedures meet industry standards, and the Quality Assurance, Quality Control (“QAQC”) program, as designed and implemented are in line with industry best practices. Data verification was completed as part of the generation of the mineral resources estimate.

All ore is processed at the Seabee mill facility, which is located adjacent to the now-closed Seabee mine and has been in operation since 1991. The Seabee mill facility produces gold doré bars that are shipped to a third-party refinery. 60 The mine is a remote operation.

(2) Pirquitas UG Mineral Resources are contained within underground mining shapes in San Miguel, Potosi, Oploca, and Cortaderas veins based on an NSR cut-off value of $110/t for silver. The cut-off grade includes lead and zinc attributable metal. Metallurgical recoveries vary with grade and on average are 82.7% silver and 53.7% for zinc. There are no Mineral Reserves in Pirquitas.

(2) Pirquitas UG Mineral Resources are contained within underground mining shapes in San Miguel, Potosi, Oploca, and Cortaderas veins based on an NSR cut-off value of $120/t for silver. The cut-off grade includes lead and zinc attributable metal. Metallurgical recoveries vary with grade and on average are 76.8% silver and 54.2% for zinc. There are no Mineral Reserves in Pirquitas.

All data collected, including but not limited to collar location, downhole survey, geological, and analytical data, are subject to SSR Mining's QAQC procedures. 59 Seabee Gold Operation, Saskatchewan, Canada Seabee is an underground gold mining and milling operation, located in Saskatchewan, Canada.

All data collected including but not limited to collar location, downhole survey, geological and analytical data are subject to SSR Mining's QAQC procedures. 73 Table of Contents Seabee Gold Operation, Saskatchewan, Canada The Seabee Gold Operation is an underground gold mining and milling operation, located in Saskatchewan, Canada.

Factors contributing to the change include: (i) re-interpretation of the mineralized envelopes using the most updated drill hole information, (ii) change to optimization parameters in terms of cost changes and cut-off grade, and (iii) depletion.

The Greater Çakmaktepe pits are located within Kartaltepe License 1054 and Anagold Licenses 49729 and 20067313. Ore mined at Greater Çakmaktepe is hauled and treated at the Çöpler facilities. 47 48 Anagold holds mineral title and the exclusive right to engage in mining activities within the Çöpler property area.

The Greater Çakmaktepe pits are located within Kartaltepe License 1054 and Anagold Licenses 49729 and 20067313. Ore mined at Greater Çakmaktepe is hauled and treated at the Çöpler facilities. 55 Table of Contents 56 Table of Contents Anagold holds mineral title and the exclusive right to engage in mining activities within the Çöpler property area.

The point of reference for Mineral Reserves is the point of feed into the processing facility for all projects except for Marigold and Çöpler heap leach ore, which is entry into the carbon columns in the processing facility. Metals shown in the table are contained metals in ore mined and processed.

The point of reference for Mineral Reserves is the point of feed into the processing facility for all production projects except for Marigold and CC&V, which is entry into the carbon columns in the processing facility. Metals shown in the table are contained metals in ore mined and processed.

Each Technical Report Summary has been filed with the SEC as part of the Company’s Current Report on Form 8-K filed on February 13, 2024, has been filed as an exhibit to this Annual Report and incorporated by reference herein, and is available for review on EDGAR at www.sec.gov.

Each Technical Report Summary has been filed with the SEC as part of the Company’s Current Report on Form 8-K's filed on February 13, 2024, November 10, 2025, and January 29, 2026, has been filed as an exhibit to this Annual Report and incorporated by reference herein, and is available for review on EDGAR at www.sec.gov.

These two product concentrates are bagged separately in one tonne bags and transported to Buenos Aires by truck for export to smelters. The Pirquitas process plant has continued to improve performance from the expected 4,000 tonnes per day feed capacity to 5,000 tonnes per day achieved in 2023.

These two product concentrates are bagged separately in one tonne bags and transported to a port by truck for export to smelters. The Pirquitas process plant has continued to improve performance from the expected 4,000 tonnes per day feed capacity to 5,000 tonnes per day achieved in 2023 and sustained through 2024 and 2025.

(3) The point of reference for Mineral Reserves is the point of feed into the processing facility. Mineral Reserve Estimates at Seabee as of December 31, 2024 decreased compared to December 31, 2023. Proven and Probable contained gold ounces decreased by 31 koz, or 9%.

(3) The point of reference for Mineral Reserves is the point of feed into the processing facility. Mineral Reserve Estimates at Seabee as of December 31, 2025 increased compared to December 31, 2024. Proven and Probable contained gold ounces increased by 192 koz, or 64%.

These exploration properties and royalty holdings are not material. 45 46 Çöpler, Erzincan Province, Türkiye As previously disclosed, all operations at Çöpler have ceased following the Çöpler Incident and we are unable to determine at this time when operations at Çöpler will resume, if at all.

These exploration properties and royalty holdings are not material. 54 Table of Contents Operating Assets Çöpler, Erzincan Province, Türkiye As previously disclosed, all operations at Çöpler have ceased following the Çöpler Incident and we are unable to determine at this time when operations at Çöpler will resume, if at all.

In 1998, Anatolia Minerals Development Ltd (“Anatolia”) applied for exploration licenses that included Çöpler basin. In August 2009, a joint venture agreement between Anatolia and Lidya was executed. In February 2011, Anatolia merged with Avoca Resources Limited, an Australian company, to form Alacer Gold Corp., which further merged with SSR Mining in September 2020.

In 2000, Anatolia Minerals Development Ltd (“Anatolia”) transferred the licenses from another company that included Çöpler basin. In August 2009, a joint venture agreement between Anatolia and Lidya Mines was executed. In February 2011, Anatolia merged with Avoca Resources Limited, an Australian company, to form Alacer Gold Corp., which further merged with SSR Mining in September 2020.

Risk Factors for discussion of risks associated with our estimates of mineral reserves and mineral resources. 71 Proven and Probable Reserve Estimates by Mineral The following information about Çöpler is historical in nature and is as of February 13, 2024 only.

Risk Factors for discussion of risks associated with our estimates of mineral reserves and mineral resources. 86 Table of Contents Proven and Probable Reserve Estimates by Mineral The following information about Çöpler is historical in nature and is as of February 13, 2024 only. As described in “ Item 1.

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Item 3. Legal Proceedings

Legal Proceedings — active lawsuits and investigations

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Biggest changeDefendants filed a motion to dismiss the consolidated amended complaint on December 17, 2024, which is currently pending before the court. Additionally, two putative securities class actions, Glenna Padley v. SSR Mining Inc., et. al. and Abdurrazag Mutat v.

Biggest changeSecurities Action, but granted the lead plaintiff leave to amend. The lead plaintiff filed a second consolidated amended complaint on November 5, 2025 and defendants have filed a motion to dismiss that complaint, which is pending before the court. Additionally, two putative securities class actions, Glenna Padley v. SSR Mining Inc., et. al. (the "Padley Action") and Abdurrazag Mutat v.

Information regarding legal proceedings is contained in Note 24 to the Consolidated Financial Statements contained in this Annual Report and is incorporated herein by reference. On March 18, 2024 and March 22, 2024, two related putative securities class actions, Karam Akhras v. SSR Mining Inc., et. al., Case No. 24-cv-00739 and Eric Lindemann v.

Information regarding legal proceedings is contained in Note 23 to the Consolidated Financial Statements contained in this Annual Report and is incorporated herein by reference. On March 18, 2024 and March 22, 2024, two related putative securities class actions, Karam Akhras v. SSR Mining Inc., et. al., Case No. 24-cv-00739 and Eric Lindemann v.

The US Securities Actions assert claims for alleged violations of Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder against the Company, as well as certain of its current and former members of management (the “Individual Defendants”, and together with the Company, the “Defendants”) and for alleged violations of Section 20(a) of the Exchange Act against the Individual Defendants.

Securities Actions assert claims for alleged violations of Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder against the Company, as well as certain of its current and former members of management (the “Individual Defendants”, and together with the Company, the “Defendants”) and for alleged violations of Section 20(a) of the Exchange Act against the Individual Defendants.

SSR Mining Inc., et al., were filed on March 27, 2024 and April 23, 2024, respectively, in the Supreme Court of British Columbia (the “BC Actions”). Two additional putative securities class actions, Chao Liang v. SSR Mining Inc., et. al. (the “Liang Action”) and Michael Jones v. SSR Mining., et. al.

SSR Mining Inc., et al., (the "Mutat Action") were filed on March 27, 2024 and April 23, 2024, respectively, in the Supreme Court of British Columbia (the “BC Actions”). Two additional putative securities class actions, Chao Liang v. SSR Mining Inc., et. al. (the “Liang Action”) and Michael Jones v. SSR Mining., et. al.

The complaints allege that certain public statements made by the Defendants were rendered materially false and misleading with respect to, among other things, the adequacy of the Company’s internal controls relating to its safety practices and operational integrity at its Çöpler mining facility in Türkiye.

SSR Mining Inc., et. al., Case No. 24-cv-00808, were filed in the United States District Court for the District of Colorado (collectively, the “US Securities Actions”).

SSR Mining Inc., et. al., Case No. 24-cv-00808, were filed in the United States District Court for the District of Colorado (collectively, the “U.S. Securities Actions”). The U.S.

On August 2, 2024, the US Securities Actions were consolidated as Consolidated Civil Action No. 1:24-cv-00739-DDD-SBP (the “Consolidated US Securities Action”) and the court appointed lead counsel and a lead plaintiff for the putative class. On October 15, 2024, the lead plaintiff filed a consolidated amended complaint.

Securities Actions were consolidated as Consolidated Civil Action No. 1:24-cv-00739-DDD-SBP (the “Consolidated U.S. Securities Action”) and the court appointed lead counsel and a lead plaintiff for the putative class. On October 15, 2024, the lead plaintiff filed a consolidated amended complaint and defendants filed a motion to dismiss that complaint. On September 30, 2025, the court dismissed the Consolidated U.S.

On August 9, 2024, carriage of the proposed Ontario Actions was granted to the Liang Action. The Jones Action is stayed as of such decision. The Consolidated US Securities Action and Canadian Securities Actions seek unspecified compensatory damages on behalf of the putative class members. The Company, along with the Individual Defendants, are defending themselves against these claims.

Securities Action and Canadian Securities Actions seek unspecified compensatory damages on behalf of the putative class members. The Company, along with the Individual Defendants, are defending themselves against these claims.

Added

On August 9, 2024, carriage of the proposed Ontario Actions was granted to the Liang Action. The Jones Action is stayed as of such decision. On April 11, 2025, carriage of the proposed BC Actions was granted to the Padley Action. The Mutat Action is stayed as of such decision. The Consolidated U.S.

Item 4. Mine Safety Disclosures

Mine Safety Disclosures — required of mining issuers

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Biggest changeMINE SAFETY DISCLOSURES The Company is required to report certain mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K 1300, and that required information is included in Exhibit 95 to this Annual Report, which is incorporated herein by reference. 96 PART II

Item 5. Market for Registrant's Common Equity

Market for Common Equity — stock, dividends, buybacks

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Biggest changeDividends on Common Shares Canadian withholding tax at a rate of 25.0% (subject to reduction under the provisions of any applicable tax treaty) will be payable on dividends (or amounts paid or credited on account or in lieu of payment of, or in satisfaction of, dividends) paid or credited to a holder of common shares. Under the Canada - U.S.

Biggest changeCurrency Conversion For the purposes of the Income Tax Act (Canada), all amounts relating to the acquisition, holding or disposition of common shares, including dividends and proceeds of disposition must be determined in CAD based on the daily exchange rate of the Bank of Canada on the particular day, or such other rate of exchange as acceptable to the CRA. 111 Table of Contents Dividends on Common Shares Canadian withholding tax at a rate of 25.0% (subject to reduction under the provisions of any applicable tax treaty) will be payable on dividends (or amounts paid or credited on account or in lieu of payment of, or in satisfaction of, dividends) paid or credited to a holder of common shares.

Common shares generally will not be taxable Canadian property to a holder provided that, at the time of the disposition or deemed disposition, the common shares are listed on a designated stock exchange (which currently includes the NYSE) unless at any time within the 60 month period immediately preceding such time (a) any combination of (i) such holder, (ii) persons with whom such holder did not deal at arm’s length or (iii) a partnership in which such holder or any such persons holds a membership interest either directly or indirectly through one or more partnerships, owned 25.0% or more of the issued shares of any class or series of shares of the Company and (b) more than 50% of the fair market value of the common shares was derived directly or indirectly from one or any combination of (i) real or immovable property situated in Canada, (ii) Canadian resource properties, (iii) timber resource properties, and (iv) options in respect of, or interests in, or for civil law rights in, property described in any of paragraphs (i) to (iii), whether or not the property exists.

Common shares generally will not be taxable Canadian property to a holder provided that, at the time of the disposition or deemed disposition, the common shares are listed on a designated stock exchange (which currently includes the Nasdaq) unless at any time within the 60 month period immediately preceding such time (a) any combination of (i) such holder, (ii) persons with whom such holder did not deal at arm’s length or (iii) a partnership in which such holder or any such persons holds a membership interest either directly or indirectly through one or more partnerships, owned 25.0% or more of the issued shares of any class or series of shares of the Company and (b) more than 50% of the fair market value of the common shares was derived directly or indirectly from one or any combination of (i) real or immovable property situated in Canada, (ii) Canadian resource properties, (iii) timber resource properties, and (iv) options in respect of, or interests in, or for civil law rights in, property described in any of paragraphs (i) to (iii), whether or not the property exists.

Income Tax Convention (1980), as amended (the “Canada - U.S. Income Tax Treaty”), the withholding tax rate is reduced to 15.0% for a holder who is entitled to the benefits of the Canada - U.S.

Under the Canada - U.S. Income Tax Convention (1980), as amended (the “Canada - U.S. Income Tax Treaty”), the withholding tax rate is reduced to 15.0% for a holder who is entitled to the benefits of the Canada - U.S.

Income Tax Treaty and to whom the common shares are taxable, Canadian property will not be subject to Canadian tax on the disposition or deemed disposition of the common shares unless at the time of disposition or deemed disposition, the value of the common shares is derived principally from real property situated in Canada. ITEM 6. RESERVED Not applicable. 100

Performance Graph The following performance graph compares the performance of our common shares during the period beginning December 31, 2019 and ending December 31, 2024 to the S&P 500 and the S&P 500 Gold Index.

Performance Graph The following performance graph compares the performance of our common shares during the period beginning December 31, 2020 and ending December 31, 2025 to the S&P 500 and the S&P 500 Gold Index.

Income Tax Treaty and who is the beneficial owner of the dividends (or to 5.0% if the holder is a company that owns at least 10.0% of the common shares). 99 Capital Gains and Losses Subject to the provisions of any relevant tax treaty, capital gains realized by a holder on the disposition or deemed disposition of common shares held as capital property will not be subject to Canadian tax unless the common shares are taxable Canadian property (as defined in the Income Tax Act (Canada)), in which case the capital gains will be subject to Canadian tax at rates which will approximate those payable by a Canadian resident.

Capital Gains and Losses Subject to the provisions of any relevant tax treaty, capital gains realized by a holder on the disposition or deemed disposition of common shares held as capital property will not be subject to Canadian tax unless the common shares are taxable Canadian property (as defined in the Income Tax Act (Canada)), in which case the capital gains will be subject to Canadian tax at rates which will approximate those payable by a Canadian resident.

The graph assumes a $100 investment in our common shares and in each of the indexes since the beginning of the period, and a reinvestment of dividends paid on such investments on a quarterly basis throughout the period. 97 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 SSR Mining Inc. $ 100.00 $ 104.41 $ 93.10 $ 83.80 $ 58.78 $ 39.70 S&P/TSX Global Gold Index $ 100.00 $ 120.71 $ 111.74 $ 106.31 $ 108.71 $ 128.94 S&P 500 Gold (Sub Ind) $ 100.00 $ 137.84 $ 142.74 $ 108.63 $ 95.26 $ 85.66 The share performance information above is “furnished” and shall not be deemed to be “soliciting material” or subject to Rule 14A of the Exchange Act, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, whether made before or after the date of this Annual Report and irrespective of any general incorporation by reference language in any such filing, except to the extent that it specifically incorporates the information by reference.

The graph assumes a $100 investment in our common shares and in each of the indexes since the beginning of the period, and a reinvestment of dividends paid on such investments on a quarterly basis throughout the period. 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 SSR Mining Inc. $ 100.00 $ 89.16 $ 80.26 $ 56.30 $ 36.41 $ 114.68 S&P/TSX Global Gold Index $ 100.00 $ 92.57 $ 88.07 $ 90.05 $ 106.82 $ 259.15 S&P 500 Gold (Sub Ind) $ 100.00 $ 103.56 $ 78.81 $ 69.11 $ 62.15 $ 166.72 110 Table of Contents The share performance information above is “furnished” and shall not be deemed to be “soliciting material” or subject to Rule 14A of the Exchange Act, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, whether made before or after the date of this Annual Report and irrespective of any general incorporation by reference language in any such filing, except to the extent that it specifically incorporates the information by reference.

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASE OF EQUITY SECURITIES The Company’s common shares are listed under the ticker symbol “SSRM” on the TSX and Nasdaq. The Company’s CDIs are listed under the ticker symbol “SSR” on ASX.

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASE OF EQUITY SECURITIES Market Information The Company’s common shares are listed under the ticker symbol “SSRM” on the TSX and Nasdaq. Holders of Common Shares As of January 31, 2026, there were approximately 1,544 holders of record of the Company’s common shares without par value.

This summary does not otherwise take into account any change in law or administrative policy or assessing practice, whether by judicial, governmental, legislative or administrative decision or action, nor does it take into account other federal or provincial, territorial or foreign tax consequences, which may vary from the Canadian federal income tax considerations described herein. 98 Currency Conversion For the purposes of the Income Tax Act (Canada), all amounts relating to the acquisition, holding or disposition of common shares, including dividends and proceeds of disposition must be determined in CAD based on the daily exchange rate of the Bank of Canada on the particular day, or such other rate of exchange as acceptable to the CRA.

Removed

As of January 31, 2025, there were approximately 1,161 holders of record of the Company’s common shares without par value, and approximately 2,788 holders of record of the Company’s CDIs.

Added

Issuer Purchases of Equity Securities The Company did not repurchase any of its common shares during the quarter ended December 31, 2025. Recent Sales of Unregistered Securities There were no unregistered sales of equity securities during the quarter ended December 31, 2025.

Removed

In 2024, under a Normal Course Issuer bid authorized by the Company's Board of Directors on June 16, 2023 (the "2023 NCIB"), the Company purchased and cancelled an aggregate total of 1,117,100 common shares via open market purchases through the facilities of the TSX and the Nasdaq at a weighted average price paid per common share of $8.79 and a total repurchase value of $9.8 million.

Added

Income Tax Treaty and who is the beneficial owner of the dividends (or to 5.0% if the holder is a company that owns at least 10.0% of the common shares).

Removed

Following the Çöpler Incident, the Company delivered notice to its designated broker to terminate its automatic share purchase plan effective March 1, 2024 and the Company ceased all share repurchases under the 2023 NCIB. The Company does not know at this time when it may resume share repurchases.

Removed

There were no unregistered sales of equity securities during the quarter ended December 31, 2024. Dividend Policy On February 17, 2021, the Company’s Board approved its inaugural quarterly dividend payment of $0.05 per common share that was paid on March 31, 2021 to shareholders of record at the close of business on March 5, 2021.

Removed

The quarterly dividend payment was subsequently increased to $0.07 per common share as approved by the Board on February 22, 2022. During the year ended December 31, 2024 the Company declared no dividends. Following the Çöpler Incident, the Board suspended dividends. The Company does not know at this time when it may resume dividends.

Item 7. Management's Discussion & Analysis

Management's Discussion & Analysis (MD&A) — revenue / margin commentary

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2025 filing

Biggest changeConsolidated Results of Operations A summary of the Company’s consolidated financial and operating results for the years ended December 31, are presented below (in thousands): 102 Year Ended December 31, Change 2024 2023 2022 2024 (%) 2023 (%) Financial Results Revenue $ 995,618 $ 1,426,927 $ 1,148,033 (30.2) % 24.3 % Cost of sales (1) $ 514,032 $ 804,147 $ 607,942 (36.1) % 32.3 % Depreciation, depletion, and amortization $ 130,192 $ 214,012 $ 181,447 (39.2) % 17.9 % General and administrative expenses $ 62,885 $ 67,457 $ 71,660 (6.8) % (5.9) % Exploration and evaluation $ 41,804 $ 50,185 $ 46,811 (16.7) % 7.2 % Reclamation and remediation costs $ 296,871 $ 8,698 $ 6,035 3,313.1 % 44.1 % Impairment of long-lived and other assets $ 114,599 $ 361,612 $ — (68.3) % 100.0 % Impairment charges of goodwill $ — $ 49,786 $ — (100.0) % 100.0 % Care and maintenance $ 120,280 $ — $ 41,800 100.0 % (100.0) % Other operating expense (income), net $ 37,240 $ 1,274 $ 2,070 2,823.1 % (38.5) % Operating income (loss) $ (322,285) $ (130,244) $ 190,268 147.4 % (168.5) % Net income (loss) $ (352,582) $ (120,225) $ 210,428 193.3 % (157.1) % Net income (loss) attributable to SSR Mining shareholders $ (261,277) $ (98,007) $ 194,140 166.6 % (150.5) % Basic net income (loss) per share attributable to SSR Mining shareholders $ (1.29) $ (0.48) $ 0.92 168.8 % (152.2) % Diluted net income (loss) per share attributable to SSR Mining shareholders $ (1.29) $ (0.48) $ 0.89 168.8 % (153.9) % Adjusted attributable net income (loss) (2) $ 57,591 $ 276,494 $ 144,814 (79.2) % 90.9 % Adjusted basic attributable net income (loss) per share (2) $ 0.28 $ 1.35 $ 0.69 (79.3) % 95.7 % Adjusted diluted attributable net income (loss) per share (2) $ 0.28 $ 1.29 $ 0.67 (78.3) % 92.5 % Operating Results Gold produced (oz) 275,013 590,264 522,159 (53.4) % 13.0 % Gold sold (oz) 279,121 585,171 521,928 (52.3) % 12.1 % Silver produced ('000 oz) 10,500 9,688 8,397 8.4 % 15.4 % Silver sold ('000 oz) 9,642 9,920 7,864 (2.8) % 26.2 % Lead produced ('000 lb) (3) 53,703 45,772 41,004 17.3 % 11.6 % Lead sold ('000 lb) (3) 49,631 48,640 38,393 2.0 % 26.7 % Zinc produced ('000 lb) (3) 3,641 7,127 8,583 (48.9) % (17.0) % Zinc sold ('000 lb) (3) 3,121 8,166 6,998 (61.8) % 16.7 % Gold equivalent produced (oz) (4) 399,267 706,894 623,819 (43.5) % 13.3 % Gold equivalent sold (oz) (4) 393,216 704,594 617,135 (44.2) % 14.2 % Average realized gold price ($/oz sold) $ 2,381 $ 1,950 $ 1,812 22.0 % 7.7 % Average realized silver price ($/oz sold) $ 29.16 $ 22.82 $ 19.47 27.8 % 17.2 % Cost of sales per gold equivalent ounce sold (1, 4) $ 1,307 $ 1,141 $ 985 14.5 % 15.8 % Cash cost per gold equivalent ounce sold (2, 4) $ 1,200 $ 1,083 $ 928 10.8 % 16.7 % AISC per gold equivalent ounce sold (2, 4) $ 1,878 $ 1,461 $ 1,339 28.5 % 9.1 % (1) Excludes depreciation, depletion, and amortization.

Biggest changeConsolidated Results of Operations A summary of the Company’s consolidated financial and operating results for the years ended December 31, are presented below (in thousands): 113 Table of Contents Year Ended December 31, Change 2025 2024 2023 2025 (%) 2024 (%) Financial Results Revenue $ 1,629,637 $ 995,618 $ 1,426,927 63.7 % (30.2) % Cost of sales (1) $ 653,303 $ 514,032 $ 804,147 27.1 % (36.1) % Depreciation, depletion, and amortization $ 116,178 $ 130,192 $ 214,012 (10.8) % (39.2) % General and administrative expenses $ 107,823 $ 62,885 $ 67,457 71.5 % (6.8) % Exploration and evaluation $ 37,131 $ 41,804 $ 50,185 (11.2) % (16.7) % Reclamation and remediation costs $ 88,924 $ 296,871 $ 8,698 (70.0) % NM Impairment of long-lived and other assets $ — $ 114,599 $ 361,612 (100.0) % (68.3) % Impairment charges of goodwill $ — $ — $ 49,786 — % (100.0) % Care and maintenance $ 151,769 $ 120,280 $ — 26.2 % 100.0 % Other operating expense (income), net $ 13,067 $ 37,240 $ 1,274 (64.9) % NM Operating income (loss) $ 461,442 $ (322,285) $ (130,244) 243.2 % (147.4) % Interest expense $ (14,575) $ (13,028) $ (16,616) (11.9) % 21.6 % Other income (expense) $ 26,346 $ 26,270 $ 50,151 0.3 % (47.6) % Foreign exchange gain (loss) $ (30,065) $ (9,691) $ (105,699) (210.2) % 90.8 % Income and mining tax benefit (expense) $ (80,245) $ (33,302) $ 82,534 (141.0) % (140.3) % Net income (loss) $ 362,417 $ (352,582) $ (120,225) 202.8 % (193.3) % Net income (loss) attributable to SSR Mining shareholders $ 395,754 $ (261,277) $ (98,007) 251.5 % (166.6) % Basic net income (loss) per share attributable to SSR Mining shareholders $ 1.95 $ (1.29) $ (0.48) 251.2 % (168.8) % Diluted net income (loss) per share attributable to SSR Mining shareholders $ 1.85 $ (1.29) $ (0.48) 243.4 % (168.8) % Adjusted attributable net income (loss) (2) $ 430,468 $ 57,591 $ 276,494 647.5 % (79.2) % Adjusted basic attributable net income (loss) per share (2) $ 2.12 $ 0.28 $ 1.35 657.1 % (79.3) % Adjusted diluted attributable net income (loss) per share (2) $ 2.01 $ 0.28 $ 1.29 617.9 % (78.3) % Operating Results Gold produced (oz) 333,078 275,013 590,264 21.1 % (53.4) % Gold sold (oz) 331,534 279,121 585,171 18.8 % (52.3) % Silver produced ('000 oz) 9,814 10,500 9,688 (6.5) % 8.4 % Silver sold ('000 oz) 9,663 9,642 9,920 0.2 % (2.8) % Lead produced ('000 lb) (3) 45,881 53,703 45,772 (14.6) % 17.3 % Lead sold ('000 lb) (3) 46,756 49,631 48,640 (5.8) % 2.0 % Zinc produced ('000 lb) (3) 4,120 3,641 7,127 13.2 % (48.9) % Zinc sold ('000 lb) (3) 3,470 3,121 8,166 11.2 % (61.8) % Gold equivalent produced (oz) (4) 447,207 399,267 706,894 12.0 % (43.5) % Gold equivalent sold (oz) (4) 443,902 393,216 704,594 12.9 % (44.2) % Average realized gold price ($/oz sold) $ 3,524 $ 2,381 $ 1,950 48.0 % 22.0 % Average realized silver price ($/oz sold) $ 42.49 $ 29.16 $ 22.82 45.7 % 27.8 % Cost of sales per gold equivalent ounce sold (1, 4) $ 1,472 $ 1,307 $ 1,141 12.6 % 14.5 % Cash cost per gold equivalent ounce sold (2, 4) $ 1,362 $ 1,200 $ 1,083 13.5 % 10.8 % AISC per gold equivalent ounce sold (2, 4) $ 2,153 $ 1,878 $ 1,461 14.6 % 28.5 % 114 Table of Contents * NM: Not meaningful (1) Excludes depreciation, depletion, and amortization.

The consideration received does not include certain payments that are contingent upon completion of a feasibility study and commercial production. The Company retained a 4.0% net smelter return royalty (“NSR”) on the San Luis project, half of which can be repurchased by Highlander Silver for $15.0 million at any time until the commencement of construction.

The consideration received does not include certain payments that are contingent upon completion of a feasibility study and commercial production. The Company retained a 4% net smelter return royalty (“NSR”) on the San Luis project, half of which can be repurchased by Highlander Silver for $15.0 million at any time until the commencement of construction.

See “Non-GAAP Financial Measures” for an explanation of these financial measures and a reconciliation of these financial measures to Net income (loss) attributable to SSR Mining shareholders and Cost of sales , which are the comparable GAAP financial measures. 103 (3) Data for lead production and sales relate only to lead in lead concentrate.

See “Non-GAAP Financial Measures” for an explanation of these financial measures and a reconciliation of these financial measures to Net income (loss) attributable to SSR Mining shareholders and Cost of sales , which are the comparable GAAP financial measures. (3) Data for lead production and sales relate only to lead in lead concentrate.

(4) Gold equivalent ounces sold may not re-calculate based on amounts presented in this table due to rounding. 116 Year ended December 31, 2023 (in thousands, unless otherwise noted) Çöpler Marigold Seabee Puna Corporate and other Total Cost of sales (GAAP) (1) $ 268,628 $ 289,063 $ 82,898 $ 163,558 $ — $ 804,147 By-product credits $ (3,523) $ (154) $ (54) $ (56,773) $ — $ (60,504) Treatment and refining charges $ — $ 666 $ 101 $ 18,649 $ — $ 19,416 Cash costs (non-GAAP) $ 265,105 $ 289,575 $ 82,945 $ 125,434 $ — $ 763,059 Sustaining capital expenditures $ 50,982 $ 79,151 $ 32,994 $ 13,193 $ — $ 176,320 Sustaining exploration and evaluation expense $ — $ 983 $ — $ — $ — $ 983 Reclamation cost accretion and amortization (2) $ 1,709 $ 2,628 $ 3,347 $ 13,598 $ — $ 21,282 General and administrative expense and stock-based compensation expense $ 5,479 $ — $ — $ 246 $ 61,721 $ 67,446 Total AISC (non-GAAP) $ 323,275 $ 372,337 $ 119,286 $ 152,471 $ 61,721 $ 1,029,090 Gold sold (oz) 225,599 275,962 83,610 — — 585,171 Silver sold (oz) — — — 9,920,262 — 9,920,262 Gold equivalent sold (oz) (3)(4) 225,599 275,962 83,610 119,423 — 704,594 Cost of sales per gold equivalent ounce sold (1)(3)(4) $ 1,191 $ 1,047 $ 991 $ 1,370 N/A $ 1,141 Cash cost per gold ounce sold $ 1,175 $ 1,049 $ 992 N/A N/A N/A Cash cost per silver ounce sold N/A N/A N/A $ 12.64 N/A N/A Cash cost per gold equivalent ounce sold (3)(4) $ 1,175 $ 1,049 $ 992 $ 1,050 N/A $ 1,083 AISC per gold ounce sold $ 1,433 $ 1,349 $ 1,427 N/A N/A N/A AISC per silver ounce sold N/A N/A N/A $ 15.37 N/A N/A AISC per gold equivalent ounce sold (3)(4) $ 1,433 $ 1,349 $ 1,427 $ 1,277 N/A $ 1,461 (1) Excludes depreciation, depletion, and amortization.

Gold equivalent ounces sold may not re-calculate based on amounts presented in this table due to rounding. 128 Table of Contents Year ended December 31, 2023 (in thousands, unless otherwise noted) Çöpler Marigold Seabee Puna Corporate Total Cost of sales (GAAP) (1) $ 268,628 $ 289,063 $ 82,898 $ 163,558 $ — $ 804,147 By-product credits $ (3,523) $ (154) $ (54) $ (56,773) $ — $ (60,504) Treatment and refining charges $ — $ 666 $ 101 $ 18,649 $ — $ 19,416 Cash costs (non- GAAP) $ 265,105 $ 289,575 $ 82,945 $ 125,434 $ — $ 763,059 Sustaining capital and lease related expenditures $ 50,982 $ 79,151 $ 32,994 $ 13,193 $ — $ 176,320 Sustaining exploration and evaluation expense $ — $ 983 $ — $ — $ — $ 983 Reclamation cost accretion and amortization (2) $ 1,709 $ 2,628 $ 3,347 $ 13,598 $ — $ 21,282 General and administrative expense and stock-based compensation expense $ 5,479 $ — $ — $ 246 $ 61,721 $ 67,446 Total AISC (non-GAAP) $ 323,275 $ 372,337 $ 119,286 $ 152,471 $ 61,721 $ 1,029,090 Gold sold (oz) 225,599 275,962 83,610 — — 585,171 Silver sold (oz) — — — 9,920,262 — 9,920,262 Gold equivalent sold (oz) (3) 225,599 275,962 83,610 119,423 — 704,594 Cost of sales per gold equivalent ounce sold (1)(3) $ 1,191 $ 1,047 $ 991 $ 1,370 N/A $ 1,141 Cash cost per gold ounce sold $ 1,175 $ 1,049 $ 992 N/A N/A N/A Cash cost per silver ounce sold N/A N/A N/A $ 12.64 N/A N/A Cash cost per gold equivalent ounce sold (3) $ 1,175 $ 1,049 $ 992 $ 1,050 N/A $ 1,083 AISC per gold ounce sold $ 1,433 $ 1,349 $ 1,427 N/A N/A N/A AISC per silver ounce sold N/A N/A N/A $ 15.37 N/A N/A AISC per gold equivalent ounce sold (3) $ 1,433 $ 1,349 $ 1,427 $ 1,277 N/A $ 1,461 (1) Excludes depreciation, depletion, and amortization.

(4) Represents the foreign exchange net loss due to the measures implemented by the Argentine government during the fourth quarter of 2023 which included foreign exchange losses due to the official ARS exchange rate change, foreign exchange gains related to the conversion of a portion of export proceeds at a market exchange rate, and the foreign exchange loss on the utilization of blue chip swaps to convert ARS to USD and manage currency risk.

(7) Represents the foreign exchange net loss due to the measures implemented by the Argentine government during the fourth quarter of 2023 which included foreign exchange losses due to the official ARS exchange rate change, foreign exchange gains related to the conversion of a portion of export proceeds at a market exchange rate, and the foreign exchange loss on the utilization of blue chip swaps to convert ARS to USD and manage currency risk.

An income, market or cost valuation method may be utilized to estimate the fair value of the assets acquired, liabilities assumed, and non-controlling interest, if any, in a business combination. These valuation procedures require management to make assumptions and apply significant judgment to estimate the fair value of the assets acquired and liabilities assumed.

An income, market or cost valuation method may be utilized to estimate the fair value of the assets acquired, liabilities assumed, and non-controlling interest, if any, in a business combination or contingent consideration. These valuation procedures require management to make assumptions and apply significant judgment to estimate the fair value of the assets acquired and liabilities assumed.

(2) 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 Seabee. See "Non-GAAP Financial Measures" for an explanation of these financial measures and a reconciliation to Cost of sales , which is the comparable GAAP financial measure.

(4) 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 Seabee. See "Non-GAAP Financial Measures" for an explanation of these financial measures and a reconciliation to Cost of sales , which is the comparable GAAP financial measure.

For material acquisitions, the Company engages third-party valuation specialists to assist with the determination of the fair value of assets acquired, liabilities assumed, non-controlling interest, if any, and goodwill, based on recognized business valuation methodologies.

For material acquisitions, the Company engages third-party valuation specialists to assist with the determination of the fair value of assets acquired, liabilities assumed, non-controlling interest, if any, goodwill and contingent consideration, based on recognized business valuation methodologies.

(2) Excludes depreciation, depletion, and amortization. (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 Çöpler. See "Non-GAAP Financial Measures" for an explanation of these financial measures and a reconciliation to Cost of sales , which is the comparable GAAP financial measure.

(2) Excludes depreciation, depletion, and amortization. (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 CC&V. See "Non-GAAP Financial Measures" for an explanation of these financial measures and a reconciliation to Cost of sales , which is the comparable GAAP financial measure.

(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) Gold equivalent ounces are calculated multiplying the silver ounces by the ratio of the silver price to the gold price, using the average LBMA prices for the period.

The Company believes that in addition to conventional measures prepared in accordance with US GAAP, certain investors and analysts use this information to evaluate the ability of the Company to generate cash flow after capital investments and build the Company’s cash resources. The Company calculates free cash flow by deducting cash capital spending from cash generated by operating activities.

The Company believes that in addition to conventional measures prepared in accordance with U.S. GAAP, certain investors and analysts use this information to evaluate the ability of the Company to generate cash flow after capital investments and build the Company’s cash resources. The Company calculates free cash flow by deducting cash capital spending from cash generated by operating activities.

For the year ended December 31, 2023, impairment charges represent $279.3 million related to Çöpler mineral properties and exploration and evaluation assets (amount is presented net of pre-tax attributable to non-controlling interest of $69.8 million), $49.8 million related to Seabee goodwill, $9.0 million write-off of capitalized cloud computing arrangement (amount is presented net of pre-tax attributable to non-controlling interest of $0.8 million), and $2.6 million related to supplies inventories.

For the year ended December 31, 2023, impairment of long lived and other assets represent $279.3 million related to Çöpler mineral properties and exploration and evaluation assets (amount is presented net of pre-tax attributable to non-controlling interest of $69.8 million), $49.8 million related to Seabee goodwill, $9.0 million write-off of capitalized cloud computing arrangement (amount is presented net of pre-tax attributable to non-controlling interest of $0.8 million), and $2.6 million related to supplies inventories.

(8) 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.

(9) 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.

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 year ended December 31, 2023. 120 Non-GAAP Measure - Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) and Adjusted EBITDA EBITDA represents net income (loss) before interest, taxes, depreciation, and amortization.

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 year ended December 31, 2023. 131 Table of Contents Non-GAAP Measure - Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) and Adjusted EBITDA EBITDA represents net income (loss) before interest, taxes, depreciation, and amortization.

Management ’ s Discussion and Analysis of Financial Condition and Results of Operations, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (“SEC”) on February 27, 2024.

Management ’ s Discussion and Analysis of Financial Condition and Results of Operations, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (“SEC”) on February 18, 2025.

Business Overview SSR Mining is a precious metals mining company with four producing assets located in the United States, Türkiye, Canada and Argentina. The Company is primarily engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Türkiye and the Americas. The Company produces gold doré as well as copper, silver, lead and zinc concentrates.

Business Overview SSR Mining is a precious metals mining company with five operations located in the United States, Türkiye, Canada and Argentina. The Company is primarily engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Türkiye and the Americas. The Company produces gold doré as well as copper, silver, lead and zinc concentrates.

(4) Gold equivalent ounces sold may not re-calculate based on amounts presented in this table due to rounding. 118 Non-GAAP Measure - Adjusted Attributable Net Income Adjusted attributable net income (loss) and adjusted attributable net income (loss) per share are used by management and investors to measure the Company’s underlying operating performance.

Gold equivalent ounces sold may not re-calculate based on amounts presented in this table due to rounding. 129 Table of Contents Non-GAAP Measure - Adjusted Attributable Net Income Adjusted attributable net income (loss) and adjusted attributable net income (loss) per share are used by management and investors to measure the Company’s underlying operating performance.

The Company’s cost estimates are reflected on a third-party cost basis and comply with the Company’s legal obligation to retire long-lived assets in the period incurred. The Company reviews, on an annual basis, unless otherwise deemed necessary, the reclamation liability at each mine site. As of December 31, 2024, the Company’s reclamation liabilities were $209.9 million.

The Company’s cost estimates are reflected on a third-party cost basis and comply with the Company’s legal obligation to retire long-lived assets in the period incurred. The Company reviews, on an annual basis, unless otherwise deemed necessary, the reclamation liability at each mine site. As of December 31, 2025, the Company’s reclamation liabilities were $459.1 million.

Adjusted attributable net income (loss) is defined as net income (loss) adjusted to exclude the after-tax impact of specific items that are significant, but not reflective of the Company’s underlying operations, including impairment charges; inflationary impacts on tax balances and transaction, integration and SEC conversion costs.

As of December 31, 2024, the Company’s remediation liabilities were $135.9 million. 124 Accounting for remediation liabilities represents a critical accounting estimate because (i) changes to environmental laws and regulations and/or circumstances affecting the Company’s operations could result in significant changes to the Company’s estimates, (ii) the Company may be required to make estimates over a long period, (iii) calculating the discounted cash flows for certain of the Company’s liabilities may require management to estimate the amounts and timing of projected cash flows and make long-term assumptions about inflation rates, and (iv) changes in estimates used in determining the remediation liabilities could have a significant impact on the Company’s results of operations.

Accounting for remediation liabilities represents a critical accounting estimate because (i) changes to environmental laws and regulations and/or circumstances affecting the Company’s operations could result in significant changes to the Company’s estimates, (ii) the Company may be required to make estimates over a long period, (iii) calculating the discounted cash flows for certain of the Company’s liabilities may require management to estimate the amounts and timing of projected cash flows and make long-term assumptions about inflation rates, and (iv) changes in estimates used in determining the remediation liabilities could have a significant impact on the Company’s results of operations.

Based on projected gold and silver sales volumes, if estimated gold and silver reserves were 10% lower at December 31, 2024, the Company estimates that annual depreciation, depletion and amortization expense for 2025 would increase by approximately $8.4 million.

Based on projected gold and silver sales volumes, if estimated gold and silver reserves were 10% lower at December 31, 2025, the Company estimates that annual depreciation, depletion and amortization expense for 2025 would increase by approximately $6.2 million.

Share Repurchase Plan / NCIB During the year ended December 31, 2024, and prior to the Çöpler Incident, the Company purchased 1,117,100 of its outstanding common shares at an average share price of $8.79 per share for total consideration of $9.8 million. No shares have been repurchased since the Çöpler Incident.

During the year ended December 31, 2024, and prior to the Çöpler Incident, the Company purchased 1,117,100 of its outstanding common shares at an average share price of $8.79 per share for total consideration of $9,824,828. No shares have been repurchased since the Çöpler Incident.

For a comprehensive list of other known risks and uncertainties affecting the business, please refer to the section entitled “Risk Factors” in Part 1, Item 1A. 125

For a comprehensive list of other known risks and uncertainties affecting the business, please refer to the section entitled “Risk Factors” in Part 1, Item 1A. 136 Table of Contents

Other operating expenses (income), net Other operating expenses (income), net for the year ended December 31, 2024 were $37.2 million as compared to $1.3 million for the year ended December 31, 2023.

Other operating expenses (income), net Other operating expenses (income), net for the year ended December 31, 2025 were $13.1 million as compared to $37.2 million for the year ended December 31, 2024.

See Note 8 to the Consolidated Financial Statements for further details.

See Note 7 to the Consolidated Financial Statements for further details.

In deriving the number of ounces of precious metal sold, the Company considers the physical ounces available for sale after the treatment and refining process, commonly referred to as payable metal, as this is what is sold to third parties. 115 The following tables provide a reconciliation of Cost of sales to cash costs and AISC: Year ended December 31, 2024 (in thousands, unless otherwise noted) Çöpler Marigold Seabee Puna Corporate and other Total Cost of sales (GAAP) (1) $ 36,215 $ 244,312 $ 77,846 $ 155,659 $ — $ 514,032 By-product credits $ (425) $ (113) $ (64) $ (50,271) $ — $ (50,873) Treatment and refining charges $ 1,322 $ 420 $ 145 $ 6,889 $ — $ 8,776 Cash costs (non-GAAP) $ 37,112 $ 244,619 $ 77,927 $ 112,277 $ — $ 471,935 Sustaining capital expenditures $ 15,977 $ 37,561 $ 31,808 $ 16,794 $ — $ 102,140 Sustaining exploration and evaluation expense $ — $ 1,690 $ — $ — $ — $ 1,690 Care and maintenance (2) $ 60,813 $ — $ 9,376 $ — $ — $ 70,189 Reclamation cost accretion and amortization $ 1,965 $ 2,943 $ 3,690 $ 20,938 $ — $ 29,536 General and administrative expense and stock-based compensation expense $ — $ — $ — $ — $ 62,885 $ 62,885 Total AISC (non-GAAP) $ 115,867 $ 286,813 $ 122,801 $ 150,009 $ 62,885 $ 738,375 Gold sold (oz) 30,382 167,669 81,070 — — 279,121 Silver sold (oz) — — — 9,641,677 — 9,641,677 Gold equivalent sold (oz) (3)(4) 30,382 167,669 81,070 114,095 — 393,216 Cost of sales per gold equivalent ounce sold (1)(3)(4) $ 1,192 $ 1,457 $ 960 1,364 N/A $ 1,307 Cash cost per gold ounce sold $ 1,222 $ 1,459 $ 961 N/A N/A N/A Cash cost per silver ounce sold N/A N/A N/A $ 11.64 N/A N/A Cash cost per gold equivalent ounce sold (3)(4) $ 1,222 $ 1,459 $ 961 $ 984 N/A $ 1,200 AISC per gold ounce sold $ 3,814 $ 1,711 $ 1,515 N/A N/A N/A AISC per silver ounce sold N/A N/A N/A $ 15.56 N/A N/A AISC per gold equivalent ounce sold (3)(4) $ 3,814 $ 1,711 $ 1,515 $ 1,315 N/A $ 1,878 (1) Excludes depreciation, depletion, and amortization.

Gold equivalent ounces sold may not re-calculate based on amounts presented in this table due to rounding. 127 Table of Contents Year ended December 31, 2024 (in thousands, unless otherwise noted) Çöpler Marigold Seabee Puna Corporate Total Cost of sales (GAAP) (1) $ 36,215 $ 244,312 $ 77,846 $ 155,659 $ — $ 514,032 By-product credits (425) (113) (64) (50,271) — (50,873) Treatment and refining charges 1,322 420 145 6,889 — 8,776 Cash costs (non-GAAP) 37,112 244,619 77,927 112,277 — 471,935 Sustaining capital and lease related expenditures 15,977 37,561 31,808 16,794 — 102,140 Sustaining exploration and evaluation expense — 1,690 — — — 1,690 Care and maintenance (2) 60,813 — 9,376 — — 70,189 Reclamation cost accretion and amortization 1,965 2,943 3,690 20,938 — 29,536 General and administrative expense and stock-based compensation expense — — — — 62,885 62,885 Total AISC (non-GAAP) $ 115,867 $ 286,813 $ 122,801 $ 150,009 $ 62,885 $ 738,375 Gold sold (oz) 30,382 167,669 81,070 — — 279,121 Silver sold (oz) — — — 9,641,677 — 9,641,677 Gold equivalent sold (oz) (3) 30,382 167,669 81,070 114,095 — 393,216 Cost of sales per gold equivalent ounce sold (1)(3) $ 1,192 $ 1,457 $ 960 $ 1,364 N/A $ 1,307 Cash cost per gold ounce sold $ 1,222 $ 1,459 $ 961 N/A N/A N/A Cash cost per silver ounce sold N/A N/A N/A $ 11.64 N/A N/A Cash cost per gold equivalent ounce sold (3) $ 1,222 $ 1,459 $ 961 $ 984 N/A $ 1,200 AISC per gold ounce sold $ 3,814 $ 1,711 $ 1,515 N/A N/A N/A AISC per silver ounce sold N/A N/A N/A $ 15.56 N/A N/A AISC per gold equivalent ounce sold (3) $ 3,814 $ 1,711 $ 1,515 $ 1,315 N/A $ 1,878 (1) Excludes depreciation, depletion, and amortization.

Income and mining tax benefit (expense) Income and mining tax expense for the year ended December 31, 2024 was $33.3 million as compared to a benefit of $82.5 million for the year ended December 31, 2023.

Income and mining tax benefit (expense) Income and mining tax expense for the year ended December 31, 2025 was $80.2 million as compared to a benefit of $33.3 million for the year ended December 31, 2024.

The following table provides a reconciliation of Cash provided by operating activities to free cash flow: Year Ended December 31, (in thousands) 2024 2023 2022 Cash provided by operating activities (GAAP) $ 40,130 $ 421,725 $ 160,896 Expenditures on mineral properties, plant and equipment (143,534) (223,422) (137,515) Free cash flow (non-GAAP) $ (103,404) $ 198,303 $ 23,381 Critical Accounting Estimates This MD&A is based on the Company's consolidated financial statements, which have been prepared in conformity with US GAAP.

The following table provides a reconciliation of Cash provided by operating activities to free cash flow: Year Ended December 31, (in thousands) 2025 2024 2023 Cash provided by operating activities (GAAP) $ 471,853 $ 40,130 $ 421,725 Expenditures on mineral properties, plant and equipment (230,204) (143,534) (223,422) Free cash flow (non-GAAP) $ 241,649 $ (103,404) $ 198,303 Critical Accounting Estimates This MD&A is based on the Company's Consolidated Financial Statements, which have been prepared in conformity with U.S.

The following MD&A discusses the Company's consolidated financial condition and results of operations for the years ended 2024 and 2023 and year-over-year comparisons between 2024 and 2023. Discussions of the consolidated financial condition and results of operations for the year ended 2022 an d year-over-year comparisons between 2023 and 2022 are included in Item 7.

Discussions of the consolidated financial condition and results of operations for the year ended 2023 an d year-over-year comparisons between 2024 and 2023 are included in Item 7.

Refer to the Cash Flows section below for additional detail of the Company’s cash flow activities. The Company held $349.0 million of its cash and cash equivalents balance in USD. Additionally, the Company held cash and cash equivalents of $26.9 million, $9.0 million and $2.4 million in ARS, CAD and TRY, respectively.

Refer to the Cash Flows section below for additional detail of the Company’s cash flow activities. The Company held $486.2 million of its cash and cash equivalents balance in USD. Additionally, the Company held cash and cash equivalents of $38.6 million, $7.9 million and $2.1 million in ARS, CAD and TRY, respectively.

Cash (used in) provided by investing activities For the year ended December 31, 2024, cash used in investing activities was $143.1 million compared to $339.3 million for the year ended December 31, 2023.

Cash used in investing activities For the year ended December 31, 2025, cash used in investing activities was $339.7 million compared to $143.1 million for the year ended December 31, 2024.

During the year ended December 31, 2024, the decrease in foreign exchange loss was mainly due to the weakening of the ARS against the USD and its impact on ARS-denominated assets at Puna in 2023 compared to 2024.

During the year ended December 31, 2025, the change in foreign exchange loss was mainly due to the weakening of the ARS against the USD and its impact on ARS-denominated assets.

The Company’s working capital as of December 31, 2024, together with future cash flows from operations, are expected to be sufficient to fund planned activities and commitments. 113 Cash Flows The following table summarizes the Company’s cash flow activity for the years ended December 31: Year Ended December 31, 2024 2023 2022 Net cash provided by operating activities $ 40,130 $ 421,725 $ 160,896 Cash (used in) provided by investing activities (143,116) (339,261) (236,282) Cash (used in) provided by financing activities 6,918 (182,256) (271,782) Effect of foreign exchange rate changes on cash and cash equivalents (8,544) (96,820) (16,591) Increase (decrease) in cash, cash equivalents and restricted cash (104,612) (196,612) (363,759) Cash, cash equivalents, and restricted cash, beginning of period 492,494 689,106 1,052,865 Cash, cash equivalents, and restricted cash, end of period $ 387,882 $ 492,494 $ 689,106 Cash provided by operating activities For the year ended December 31, 2024, cash provided by operating activities was $40.1 million compared to $421.7 million for the year ended December 31, 2023.

The Company’s working capital as of December 31, 2025, together with future cash flows from operations, are expected to be sufficient to fund planned activities and commitments. 124 Table of Contents Cash Flows The following table summarizes the Company’s cash flow activity for the years ended December 31: Year Ended December 31, 2025 2024 2023 Net cash provided by operating activities $ 471,853 $ 40,130 $ 421,725 Cash used in investing activities (339,697) (143,116) (339,261) Cash (used in) provided by financing activities 26,170 6,918 (182,256) Effect of foreign exchange rate changes on cash and cash equivalents (11,374) (8,544) (96,820) Increase (decrease) in cash, cash equivalents and restricted cash 146,952 (104,612) (196,612) Cash, cash equivalents, and restricted cash, beginning of period 387,882 492,494 689,106 Cash, cash equivalents, and restricted cash, end of period $ 534,834 $ 387,882 $ 492,494 Cash provided by operating activities For the year ended December 31, 2025, cash provided by operating activities was $471.9 million compared to $40.1 million for the year ended December 31, 2024.

Impairment charges of long-lived and other assets for the year ended December 31, 2024 were due to non-cash impairment charges of $114.2 million of heap leach pad inventory and related heap leach facilities due to the decommissioning of the heap leach as the result of the Çöpler Incident and non-cash impairment charges of $0.4 million resulting from the damage to plant and equipment due to the forest fires near Seabee.

Impairment of long-lived and other assets for the year ended December 31, 2024 were primarily due to non-cash impairment charges of $114.2 million of heap leach pad inventory and related heap leach facilities resulting from the decommissioning of the heap leach following the Çöpler Incident.

The determination of reserves involves numerous uncertainties with respect to the geology of the ore bodies, including quantities, grades and recovery rates. Estimating the quantity and grade of mineral reserves requires the Company to determine the size, shape and depth of the ore bodies by analyzing geological data, such as samplings of drill holes, tunnels and other underground workings.

Estimating the quantity and grade of mineral reserves requires the Company to determine the size, shape and depth of the ore bodies by analyzing geological data, such as samplings of drill holes, tunnels and other underground workings.

The preparation of these statements requires that the Company makes estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. The Company bases these estimates on historical experience and on assumptions that the Company considers reasonable under the circumstances; however, reported results could differ from those based on the current estimates under different assumptions or conditions.

The Company bases these estimates on historical experience and on assumptions that the Company considers reasonable under the circumstances; however, reported results could differ from those based on the current estimates under different assumptions or conditions.

Exploration and evaluation costs Exploration and evaluation costs decreased by $8.4 million to $41.8 million for the year ended December 31, 2024 as compared to $50.2 million for the year ended December 31, 2023. Exploration and evaluation costs were lower due to reduced drilling activity during 2024 as compared to 2023.

Exploration and evaluation costs Exploration and evaluation costs for the year ended December 31, 2025 were $37.1 million as compared to $41.8 million for the year ended December 31, 2024. Exploration and evaluation costs decreased due to reduced exploration drilling during 2025 as compared to 2024.

The Company owns 10% and consolidates Artmin. For further information regarding the acquisitions and divestitures mentioned above, see Note 4 to the Consolidated Financial Statements.

For further information regarding the acquisitions and divestitures mentioned above, see Note 3 to the Consolidated Financial Statements.

Care and maintenance expense of $108.7 million was recorded which represents direct costs not associated with the environmental reclamation and remediation costs and depreciation. 108 Marigold, USA Year Ended December 31, Change Operating Data 2024 2023 2022 2024 (%) 2023 (%) Gold produced (oz) 168,262 278,488 194,668 (39.6) % 43.1 % Gold sold (oz) 167,669 275,962 195,617 (39.2) % 41.1 % Average realized gold price ($/oz sold) $ 2,438 $ 1,950 $ 1,783 25.0 % 9.4 % Ore mined (kt) 27,690 21,846 18,061 26.8 % 21.0 % Waste removed (kt) 72,028 74,800 72,166 (3.7) % 3.6 % Total material mined (kt) 99,718 96,646 90,227 3.2 % 7.1 % Ore stacked (kt) 27,690 21,846 18,061 26.8 % 21.0 % Gold grade stacked (g/t) 0.28 0.45 0.56 (37.8) % (18.8) % Cost of sales (1) $ 244,312 $ 289,063 $ 206,014 (15.5) % 40.3 % Cost of sales ($/oz gold sold) (1) $ 1,457 $ 1,047 $ 1,053 39.2 % (0.6) % Cash costs ($/oz gold sold) (2) $ 1,459 $ 1,049 $ 1,056 39.1 % (0.7) % AISC ($/oz gold sold) (2) $ 1,711 $ 1,349 $ 1,378 26.8 % (2.1) % (1) Excludes depreciation, depletion, and amortization.

Care and maintenance expense of $150.8 million was recorded which represents direct costs, excluding costs associated with environmental reclamation and remediation, and depreciation. 118 Table of Contents Marigold, USA Year Ended December 31, Change Operating Data 2025 2024 2023 2025 (%) 2024 (%) Gold produced (oz) 153,535 168,262 278,488 (8.8) % (39.6) % Gold sold (oz) 154,024 167,669 275,962 (8.1) % (39.2) % Average realized gold price ($/oz sold) $ 3,509 $ 2,438 $ 1,950 43.9 % 25.0 % Ore mined (kt) 19,321 27,690 21,846 (30.2) % 26.8 % Waste removed (kt) 79,091 72,028 74,800 9.8 % (3.7) % Total material mined (kt) 98,412 99,718 96,646 (1.3) % 3.2 % Ore stacked (kt) 19,321 27,690 21,846 (30.2) % 26.8 % Gold grade stacked (g/t) 0.39 0.28 0.45 39.3 % (37.8) % Cost of sales (1) $ 251,833 $ 244,312 $ 289,063 3.1 % (15.5) % Cost of sales ($/oz gold sold) (1) $ 1,635 $ 1,457 $ 1,047 12.2 % 39.2 % Cash costs ($/oz gold sold) (2) $ 1,636 $ 1,459 $ 1,049 12.1 % 39.1 % AISC ($/oz gold sold) (2) $ 1,918 $ 1,711 $ 1,349 12.1 % 26.8 % (1) Excludes depreciation, depletion, and amortization.

Year ended December 31, 2024 compared to the year ended December 31, 2023 Gold production decreased 39.6% due to lower grade ore stacked, partially offset by more ore tonnes stacked.

Year ended December 31, 2025 compared to the year ended December 31, 2024 Gold production decreased 8.8% due to fewer ore tonnes stacked, partially offset by higher gold grade stacked.

(3) For the year ended December 31, 2024, impairment charges are related to remote equipment damaged due to forest fires near Seabee.

(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.

Data for zinc production and sales relate only to zinc in zinc concentrate. (4) Gold equivalent ounces are calculated multiplying the silver ounces by the ratio of the silver price to the gold price, using the average London Bullion Market Association (“LBMA”) prices for the period.

Data for zinc production and sales relate only to zinc in zinc concentrate. (4) Gold equivalent ounces are calculated multiplying the silver ounces 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 by-products in the gold equivalent ounce calculations.

Foreign exchange gain (loss) Foreign exchange loss for the year ended December 31, 2024 was $9.7 million compared to a loss of $105.7 million for the year ended December 31, 2023.

Other income (expense) Other income (expense) for the year ended December 31, 2025 was consistent with the year ended December 31, 2024. Foreign exchange gain (loss) Foreign exchange loss for the year ended December 31, 2025 was $30.1 million compared to a loss of $9.7 million for the year ended December 31, 2024.

Care and maintenance expense incurred during 2024 represents direct costs not associated with environmental reclamation and remediation costs of $61.6 million and depreciation of $47.1 million due to the ongoing suspension of operations at Çöpler in addition to direct costs of $9.4 million and depreciation of $2.2 million during the suspension of operations at Seabee during the third quarter of 2024 due to forest fires in the vicinity of the mine. 105 Impairment charges of long-lived and other assets Impairment charges of long-lived and other assets decreased by $247.0 million to $114.6 million for the year ended December 31, 2024 as compared to $361.6 million for the year ended December 31, 2023.

Care and maintenance expense incurred during 2024 represents direct costs, excluding costs associated with environmental reclamation and remediation, of $61.6 million and depreciation of $47.1 million due to the ongoing suspension of operations at Çöpler in addition to direct costs, excluding costs associated with environmental reclamation and remediation, of $9.4 million and depreciation of $2.2 million during the suspension of operations at Seabee during the third quarter of 2024 due to forest fires in the vicinity of the mine.

The Company uses certain non-GAAP financial measures in this MD&A; for a description of each of these measures, please see the discussion under “Non-GAAP Financial Measures” in Part II, Item 7. Management’s Discussion and Analysis herein. This item should be read in conjunction with the Consolidated Financial Statements and the notes thereto included in this annual report.

The Company uses certain non-generally accepted accounting principles (“non-GAAP”) financial measures in this MD&A; for a description of each of these measures, please see the discussion under “Non-GAAP Financial Measures” in Part II, Item 7. Management’s Discussion and Analysis herein.

AISC per ounce of gold sold increased 6.2% due to care and maintenance expenses incurred during the temporary suspension of operations due to forest fires near the mine during the third quarter of 2024. 110 Puna, Argentina Year Ended December 31, Change Operating Data 2024 2023 2022 2024 (%) 2023 (%) Silver produced ('000 oz) 10,500 9,688 8,397 8.4 % 15.4 % Silver sold ('000 oz) 9,642 9,920 7,864 (2.8) % 26.1 % Lead produced ('000 lb) 53,703 45,772 41,004 17.3 % 11.6 % Lead sold ('000 lb) 49,631 48,640 38,393 2.0 % 26.7 % Zinc produced ('000 lb) 3,641 7,127 8,583 (48.9) % (17.0) % Zinc sold ('000 lb) 3,121 8,166 6,998 (61.8) % 16.7 % Gold equivalent sold ('000 oz) (1) 114,095 119,423 95,207 (4.5) % 25.4 % Average realized silver price ($/oz) $ 29.16 $ 22.82 $ 19.47 27.8 % 17.2 % Ore mined (kt) 2,328 1,926 1,851 20.9 % 4.0 % Waste removed (kt) 5,900 6,240 8,634 (5.4) % (27.7) % Total material mined (kt) 8,228 8,166 10,485 0.8 % (22.1) % Ore milled (kt) 1,862 1,728 1,638 7.8 % 5.5 % Silver mill feed grade (g/t) 181.0 181.1 166.7 (0.1) % 8.6 % Lead mill feed grade (%) 1.37 1.27 1.23 7.9 % 3.3 % Zinc mill feed grade (%) 0.20 0.34 0.49 (41.2) % (30.6) % Silver recovery (%) 96.9 96.3 95.7 0.6 % 0.6 % Lead recovery (%) 95.6 94.3 92.3 1.4 % 2.2 % Zinc recovery (%) 44.2 54.6 48.7 (19.0) % 12.2 % Cost of sales (2) $ 155,659 $ 163,558 $ 137,424 (4.8) % 19.0 % Cost of sales ($/oz silver sold) (2) $ 16.14 $ 16.49 $ 17.48 (2.1) % (5.7) % Cost of sales ($/oz gold equivalent sold) (1, 2) $ 1,364 $ 1,370 $ 1,443 (0.4) % (5.1) % Cash costs ($/oz silver sold) (3) $ 11.64 $ 12.64 $ 13.23 (7.9) % (4.5) % Cash costs ($/oz gold equivalent sold) (1, 3) $ 984 $ 1,050 $ 1,093 (6.3) % (3.9) % AISC ($/oz silver sold) (3) $ 15.56 $ 15.37 $ 15.50 1.2 % (0.8) % AISC ($/oz gold equivalent sold) (1, 3) $ 1,315 $ 1,277 $ 1,280 3.0 % (0.2) % (1) Gold equivalent ounces are calculated multiplying the silver ounces by the ratio of the silver price to the gold price, using the average LBMA prices for the period.

AISC per ounce of gold sold increased 47.3% primarily due to higher cash cost per ounce of gold sold and sustaining capital expenditures, partially offset by lower care and maintenance costs. 121 Table of Contents Puna, Argentina Year Ended December 31, Change Operating Data 2025 2024 2023 2025 (%) 2024 (%) Silver produced ('000 oz) 9,814 10,500 9,688 (6.5) % 8.4 % Silver sold ('000 oz) 9,663 9,642 9,920 0.2 % (2.8) % Lead produced ('000 lb) 45,881 53,703 45,772 (14.6) % 17.3 % Lead sold ('000 lb) 46,756 49,631 48,640 (5.8) % 2.0 % Zinc produced ('000 lb) 4,120 3,641 7,127 13.2 % (48.9) % Zinc sold ('000 lb) 3,470 3,121 8,166 11.2 % (61.8) % Gold equivalent sold (oz) (1) 112,368 114,095 119,423 (1.5) % (4.5) % Average realized silver price ($/oz) $ 42.49 $ 29.16 $ 22.82 45.7 % 27.8 % Ore mined (kt) 1,802 2,328 1,926 (22.6) % 20.9 % Waste removed (kt) 6,406 5,900 6,240 8.6 % (5.4) % Total material mined (kt) 8,208 8,228 8,166 (0.2) % 0.8 % Ore milled (kt) 1,965 1,862 1,728 5.5 % 7.8 % Silver mill feed grade (g/t) 161.80 180.96 181.11 (10.6) % (0.1) % Lead mill feed grade (%) 1.14 1.37 1.27 (16.8) % 7.9 % Zinc mill feed grade (%) 0.23 0.20 0.34 15.0 % (41.2) % Silver recovery (%) 96.0 96.9 96.3 (0.9) % 0.6 % Lead recovery (%) 93.2 95.6 94.3 (2.5) % 1.4 % Zinc recovery (%) 40.9 44.2 54.6 (7.5) % (19.0) % Cost of sales (2) $ 161,745 $ 155,659 $ 163,558 3.9 % (4.8) % Cost of sales ($/oz silver sold) (2) $ 16.74 $ 16.14 $ 16.49 3.7 % (2.1) % Cost of sales ($/oz gold equivalent sold) (1, 2) $ 1,439 $ 1,364 $ 1,370 5.5 % (0.4) % Cash costs ($/oz silver sold) (3) $ 11.79 $ 11.64 $ 12.64 1.3 % (7.9) % Cash costs ($/oz gold equivalent sold) (1, 3) $ 1,014 $ 984 $ 1,050 3.0 % (6.3) % AISC ($/oz silver sold) (3) $ 14.24 $ 15.56 $ 15.37 (8.5) % 1.2 % AISC ($/oz gold equivalent sold) (1, 3) $ 1,225 $ 1,315 $ 1,277 (6.8) % 3.0 % (1) Gold equivalent ounces are calculated multiplying the silver ounces by the ratio of the silver price to the gold price, using the average closing commodity prices for the period.

Cost of sales Cost of sales decreased by $290.1 million, or 36.1%, to $514.0 million for the year ended December 31, 2024, as compared to $804.1 million for the year ended December 31, 2023.

Cost of sales Cost of sales increased by $139.3 million, or 27.1%, to $653.3 million for the year ended December 31, 2025, as compared to $514.0 million for the year ended December 31, 2024.

Any such changes, including but not limited to, changes in environment laws and regulations, which could increase the extent of reclamation work required; changes in future costs; changes in the timing of reclamation activities; and changes in the methods and technology utilized to do reclamation, could have a material impact on the Company’s results of operations. 135 Table of Contents Remediation liabilities Remediation costs are accrued when it is probable that an obligation has been incurred and the cost can be reasonably estimated.

The decrease in gold ounces sold was primarily related to the suspension of operations at Çöpler following the Çöpler Incident. For a complete discussion of revenue by segment, refer to the Results of Operations below.

The increase in gold ounces sold was attributable to the acquisition of CC&V, partially offset by fewer gold ounces sold at Marigold and Seabee and the suspension of operations at Çöpler following the Çöpler Incident. For a complete discussion of revenue by segment, refer to the Results of Operations below.

Revenue increased by $27.4 million, or 16.7%, of which $32.2 million was a result of higher average realized gold price partially offset by $4.8 million due to fewer gold ounces sold. Cost of sales decreased by $5.1 million, or 6.1%, as a result of fewer gold ounces sold.

Revenue increased by $131.5 million, or 32.2%, of which $165.0 million was due to higher average realized gold price in 2025, partially offset by $33.4 million as a result of fewer gold ounces sold. Cost of sales remained consistent period over period.

(7) Represents charges related to a one-time tax imposed by Türkiye to fund earthquake recovery efforts, offset by a release of an uncertain tax position during the year ended December 31, 2023. Represents charges related to a tax settlement and an uncertain tax position during the year ended December 31, 2022.

See Currency Risk in Item 7A. Quantitative and Qualitative Disclosures About Market Risk for further details. (8) Represents charges related to a one-time tax imposed by Türkiye to fund earthquake recovery efforts, offset by a release of an uncertain tax position during the year ended December 31, 2023.

The adjustment only impacts the AISC calculation and does not impact Reclamation and remediation costs or Net income (loss) attributable to SSR Mining shareholders in the Company's Consolidated Statements of Operations. (3) Gold equivalent ounces are calculated multiplying the silver ounces by the ratio of the silver price to the gold price, using the average LBMA prices for the period.

All debts, liabilities and obligations under the Second Amended Credit Agreement are guaranteed by the Company’s material subsidiaries and secured by certain of the Company’s assets and material subsidiaries and pledges of the securities of the Company’s material subsidiaries, but does not include the Çöpler assets and subsidiaries and other Alacer entities.

The obligations under the Second Amended Credit Agreement are guaranteed by the Company’s material subsidiaries and are secured by certain assets of the Company and its material subsidiaries, including pledges of equity interests in such subsidiaries, but exclude the Çöpler assets and subsidiaries and other Alacer entities.

The Company does not anticipate exposure to taxes under Pillar Two for the 2024 tax year as the jurisdictions it operates in have an effective tax rate greater than the 15% or meet the routine profits test. 107 Results of Operations Çöpler, Türkiye Year Ended December 31, Change Operating Data 2024 (1) 2023 2022 2024 (%) 2023 (%) Gold produced (oz) 28,206 220,999 191,366 (87.2) % 15.5 % Gold sold (oz) 30,382 225,599 192,811 (86.5) % 17.0 % Average realized gold price ($/oz sold) $ 2,103 $ 1,945 $ 1,826 8.1 % 6.5 % Ore mined (kt) 266 4,501 3,161 (94.1) % 42.4 % Waste removed (kt) 3,571 25,197 17,311 (85.8) % 45.6 % Total material mined (kt) 3,837 29,698 20,472 (87.1) % 45.1 % Ore milled (kt) 343 2,733 2,068 (87.4) % 32.1 % Gold mill feed grade (g/t) 2.39 2.56 2.86 (6.6) % (10.5) % Gold recovery (%) 78.9 87.5 87.0 (9.8) % 0.5 % Ore stacked (kt) 184 813 459 (77.4) % 77.2 % Gold grade stacked (g/t) 1.17 1.36 1.06 (14.0) % 28.4 % Cost of sales (2) $ 36,215 $ 268,628 $ 189,825 (86.5) % 41.5 % Cost of sales ($/oz gold sold) (2) $ 1,192 $ 1,191 $ 985 0.1 % 20.9 % Cash costs ($/oz gold sold) (3) $ 1,222 $ 1,175 $ 969 4.0 % 21.3 % AISC ($/oz gold sold) (3) $ 3,814 $ 1,433 $ 1,328 166.2 % 7.9 % (1) Operations at Çöpler were suspended on February 13, 2024 following the Çöpler Incident and have not restarted.

The increase in income tax expense was primarily due to higher operating income in 2025, partially offset by lower additions to the valuation allowance. 117 Table of Contents Results of Operations Çöpler, Türkiye Year Ended December 31, Change Operating Data (1) 2025 2024 2023 2025 (%) 2024 (%) Gold produced (oz) — 28,206 220,999 (100.0) % (87.2) % Gold sold (oz) — 30,382 225,599 (100.0) % (86.5) % Average realized gold price ($/oz sold) $ — $ 2,103 $ 1,945 (100.0) % 8.1 % Ore mined (kt) — 266 4,501 (100.0) % (94.1) % Waste removed (kt) — 3,571 25,197 (100.0) % (85.8) % Total material mined (kt) — 3,837 29,698 (100.0) % (87.1) % Ore milled (kt) — 343 2,733 (100.0) % (87.4) % Gold mill feed grade (g/t) — 2.39 2.56 (100.0) % (6.6) % Gold recovery (%) — 78.9 87.5 (100.0) % (9.8) % Ore stacked (kt) — 184 813 (100.0) % (77.4) % Gold grade stacked (g/t) — 1.17 1.36 (100.0) % (14.0) % Cost of sales (2) $ — $ 36,215 $ 268,628 (100.0) % (86.5) % Cost of sales ($/oz gold sold) (2) $ N/A $ 1,192 $ 1,191 N/A 0.1 % Cash costs ($/oz gold sold) (3) $ N/A $ 1,222 $ 1,175 N/A 4.0 % AISC ($/oz gold sold) (3) $ N/A $ 3,814 $ 1,433 N/A 166.2 % (1) Operations at Çöpler were suspended on February 13, 2024 following the Çöpler Incident and have not restarted.

See "Non-GAAP Financial Measures" for an explanation of these financial measures and a reconciliation to Cost of sales , which is the comparable GAAP financial measure. 111 Year ended December 31, 2024 compared to the year ended December 31, 2023 Silver production increased 8.4% due to more ore tonnes milled.

See "Non-GAAP Financial Measures" for an explanation of these financial measures and a reconciliation to Cost of sales , which is the comparable GAAP financial measure. 122 Table of Contents Year ended December 31, 2025 compared to the year ended December 31, 2024 Silver production decreased 6.5% due to lower mill feed grade, partially offset by higher ore tonnes milled.

See Note 3 to the Consolidated Financial Statements for further details related to the impact of the Çöpler Incident. (2) Represents revisions in cost estimate assumptions associated with water management and tailings storage facilities at Puna that have no substantive future economic value. See Note 7 to our Consolidated Financial Statements for further information.

The adjustment reflects a change in the expected timing of settlement associated with the Carlton Tunnel permit modification. See Note 23 to the Consolidated Financial Statements for further information. (5) Represents revisions in cost estimate assumptions associated with water management and tailings storage facilities at Puna that have no substantive future economic value.

Risk Factors for more information related to the impact on the Company’s cash flows, liquidity and ability to access sources of capital and for a discussion of the risks and uncertainties that may change the Company’s cash and capital resources needs over the next 12 months. The impact of these risks and uncertainties may be material.

Risk Factors for more information related to the impact on the Company’s cash flows, liquidity and ability to access sources of capital and for a discussion of the risks and uncertainties that may change the Company’s cash and capital resources needs over the next 12 months. 123 Table of Contents Cash and Cash Equivalents As of December 31, 2025, the Company had $534.8 million of cash and cash equivalents, an increase of $147.0 million from December 31, 2024.

As of December 31, 2024, the Company had $387.9 million of cash and cash equivalents, and the Company has no borrowings outstanding on the Second Amended Credit Agreement at this time. Each of the Company’s three other mines operates independently and are not dependent on cash flows or operational synergies associated with Çöpler.

As of December 31, 2025, the Company had $534.8 million of cash and cash equivalents, and had no outstanding borrowings under the Second Amended Credit Agreement. Each of the Company’s mines operate independently and does not rely on cash flows from, or operational synergies with, other operations.

The following table provides a reconciliation of Net income (loss) attributable to SSR Mining shareholders to adjusted net income (loss) attributable to SSR Mining shareholders: Year Ended December 31, (in thousands, except per share) 2024 2023 2022 Net income attributable SSR Mining shareholders (GAAP) $ (261,277) $ (98,007) $ 194,140 Interest saving on 2019 Notes, net of tax — — 4,910 Net income (loss) used in the calculation of diluted net income per share $ (261,277) $ (98,007) $ 199,050 Weighted-average shares used in the calculation of net income (loss) per share Basic 202,258 204,714 209,883 Diluted 202,258 204,714 222,481 Net income (loss) per share attributable to SSR Mining shareholders (GAAP) Basic $ (1.29) $ (0.48) $ 0.92 Diluted $ (1.29) $ (0.48) $ 0.89 Adjustments: Effects of the Çöpler Incident (1) $ 320,994 $ — $ — Reclamation costs (2) 14,310 — — Impairment charges (3) 369 340,734 — Devaluation of ARS (4) — 26,074 — Changes in fair value of marketable securities (7,676) (4,221) (602) Loss (gain) on sale of mineral properties, plant and equipment — — 1,501 Transaction and integration costs (5) 1,698 — 1,561 Gain on Kartaltepe acquisition — — (81,852) Foreign exchange loss (gain) (6) — — 32,460 SEC conversion costs — — 1,255 Income tax impact related to above adjustments 1,440 (9,826) (966) Foreign exchange (gain) loss and inflationary impacts on tax balances (12,267) (16,907) (14,128) Impact of income tax rate change in Türkiye — 37,170 — Other tax adjustments (7) — 1,477 11,445 Adjusted net income (loss) attributable to SSR Mining shareholders (Non-GAAP) $ 57,591 $ 276,494 $ 144,814 Adjusted net income (loss) per share attributable to SSR Mining shareholders (Non-GAAP) Basic $ 0.28 $ 1.35 $ 0.69 Diluted (8) $ 0.28 $ 1.29 $ 0.67 119 (1) The effects of the Çöpler Incident represent the following unusual and nonrecurring charges: (1) reclamation costs of $9.0 million and remediation costs of $209.4 million (amounts are presented net of pre-tax attributable to non-controlling interest of $54.6 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 to non-controlling interest of $22.8 million); and (3) contingencies and expenses of $11.3 million (amount is presented net of pre-tax attributable to non-controlling interest of $2.8 million).

The following table provides a reconciliation of Net income (loss) attributable to SSR Mining shareholders to adjusted net income (loss) attributable to SSR Mining shareholders: Year Ended December 31, (in thousands, except per share) 2025 2024 2023 Net income (loss) attributable SSR Mining shareholders (GAAP) $ 395,754 $ (261,277) $ (98,007) Interest saving on 2019 Notes, net of tax 4,977 — — Net income (loss) used in the calculation of diluted net income per share $ 400,731 $ (261,277) $ (98,007) Weighted-average shares used in the calculation of net income (loss) per share Basic 202,745 202,258 204,714 Diluted 217,026 202,258 204,714 Net income (loss) per share attributable to SSR Mining shareholders (GAAP) Basic $ 1.95 $ (1.29) $ (0.48) Diluted $ 1.85 $ (1.29) $ (0.48) Adjustments: Transaction and integration costs (1) $ 22,177 $ 1,698 $ — Effects of the Çöpler Incident (2) 55,940 320,994 — Insurance proceeds related to the Çöpler Incident (3) (35,527) — — Change in fair value of contingent consideration (4) 13,261 — — Reclamation costs (5) — 14,310 — Impairment charges (6) — 369 340,734 Devaluation of ARS (7) — — 26,074 Changes in fair value of marketable securities (9,497) (7,676) (4,221) Income tax impact related to above adjustments (1,041) 1,440 (9,826) Inflationary impacts on tax balances (10,599) (12,267) (16,907) Impact of income tax rate change in Türkiye — — 37,170 Other tax adjustments (8) — — 1,477 Adjusted net income (loss) attributable to SSR Mining shareholders (Non-GAAP) $ 430,468 $ 57,591 $ 276,494 Adjusted net income (loss) per share attributable to SSR Mining shareholders (Non-GAAP) Basic $ 2.12 $ 0.28 $ 1.35 Diluted (9) $ 2.01 $ 0.28 $ 1.29 (1) 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.

The following is a reconciliation of Net income (loss) attributable to SSR Mining shareholders to EBITDA and adjusted EBITDA: Year Ended December 31, (in thousands) 2024 2023 2022 Net income attributable to SSR Mining shareholders (GAAP) $ (261,277) $ (98,007) $ 194,140 Net income (loss) attributable to non-controlling interests (91,305) (22,218) 16,288 Depreciation, depletion and amortization 130,192 214,012 181,447 Interest expense 13,028 16,616 19,116 Income and mining tax expense (benefit) 33,302 (82,534) 30,068 EBITDA (non-GAAP) (176,060) 27,869 441,059 Effects of the Çöpler Incident (1) 401,242 — — Reclamation costs (2) 14,310 — — Impairment charges (3) 369 411,398 — Devaluation of ARS (4) — 26,074 — Changes in fair value of marketable securities (7,676) (4,221) (602) Loss (gain) on sale of mineral properties, plant and equipment — — 1,501 Transaction and integration costs (5) 1,698 — 1,561 Gain on acquisition of Kartaltepe — — (81,852) Foreign exchange loss (gain) (6) — — 32,460 SEC conversion costs — — 1,255 Adjusted EBITDA (non-GAAP) $ 233,883 $ 461,120 $ 395,382 (1) The effects of the Çöpler Incident represent the following unusual and nonrecurring charges: (1) reclamation costs of $11.2 million and remediation costs of $261.7 million; (2) impairment charges of $114.2 million related to plans to permanently close the heap leach pad; and (3) contingencies and expenses of $14.1 million.

The following is a reconciliation of Net income (loss) attributable to SSR Mining shareholders to EBITDA and adjusted EBITDA: Year Ended December 31, (in thousands) 2025 2024 2023 Net income attributable to SSR Mining shareholders (GAAP) $ 395,754 $ (261,277) $ (98,007) Net income (loss) attributable to non-controlling interests (33,337) (91,305) (22,218) Depreciation, depletion and amortization 116,178 130,192 214,012 Interest expense 14,575 13,028 16,616 Income and mining tax expense (benefit) 80,245 33,302 (82,534) EBITDA (non-GAAP) 573,415 (176,060) 27,869 Transaction and integration costs (1) 22,177 1,698 — Effects of the Çöpler Incident (2) 69,925 401,242 — Insurance proceeds related to the Çöpler Incident (44,409) — — Change in fair value of contingent consideration (3) 13,261 — — Reclamation costs (4) — 14,310 — Impairment of long lived and other assets (5) — 369 411,398 Devaluation of ARS (6) — — 26,074 Changes in fair value of marketable securities (9,497) (7,676) (4,221) Adjusted EBITDA (non-GAAP) $ 624,872 $ 233,883 $ 461,120 (1) 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.

Estimates of future cash flows are developed using short and long-term metal price assumptions; estimates of costs; resource, reserve and exploration potential estimates, including timing and costs to develop and produce the material; and the use of discount rates in the measurement of fair value. 133 Table of Contents Recoverable metal in stockpiles and leach pads The Company estimates the quantity of recoverable metal in stockpiled ore and in leach pad inventories using surveyed volumes of material, ore grades determined through sampling and assaying of blast holes, and estimated recovery rates based on ore type.

Business combinations The Company recognizes and measures the assets acquired and liabilities assumed in a business combination based on their estimated fair values at the acquisition date. Any excess of the purchase consideration when compared to the fair value of the net tangible and intangible assets acquired, if any, is recorded as goodwill.

Any excess of the purchase consideration when compared to the fair value of the net tangible and intangible assets acquired, if any, is recorded as goodwill. Additionally, business combinations may include contingent consideration, which is recorded at fair value.

For the year ended December 31, 2023, impairments of long lived and other assets represent $349.2 million related to Çöpler mineral properties and exploration and evaluation assets, $49.8 million related to Seabee goodwill, $9.8 million write-off of capitalized cloud computing arrangement implementation, and $2.6 million related to supplies inventories. 132 Table of Contents (6) Represents the foreign exchange net loss due to the measures implemented by the Argentine government during the fourth quarter of 2023 which included foreign exchange losses due to the official ARS exchange rate change, foreign exchange gains related to the conversion of a portion of export proceeds at a market exchange rate, and the foreign exchange loss on the utilization of blue chip swaps to convert ARS to USD and manage currency risk.

Additionally, the Company will make contingent payments to Lidya Mines including $30.0 million in milestone payments payable in accordance with an agreed upon schedule beginning at the start of construction and ending on the first anniversary of commercial production and $84.0 million payable upon the delineation of an additional 500,000 gold equivalent ounces of mineral reserves at the Hod Maden project in excess of the project’s current mineral reserves and mineral resources.

An additional $84.0 million will be payable by the Company upon the delineation of an additional 500,000 gold equivalent ounces of mineral reserves at the Hod Maden project in excess of the project’s current mineral reserves and mineral resources.

The decrease was primarily due to 52.3% fewer ounces of gold sold compared to 2023, primarily related to the suspension of operations at Çöpler following the Çöpler Incident. For a complete discussion of cost of sales by segment, refer to the Results of Operations below.

The increase was primarily due to the acquisition of CC&V and higher cost of sales at Marigold, Seabee, and Puna, partially offset by a decrease in cost of sales at Çöpler due to the suspension of operations following the Çöpler Incident. For a complete discussion of cost of sales by segment, refer to the Results of Operations below.

On May 23, 2024, the Company completed the sale of the San Luis project located in the Ancash department of central Peru to Highlander Silver Corp. (“Highlander Silver”) in exchange for cash of $5.0 million and contingent consideration in the form of cash payments of up to $37.5 million.

(“Highlander Silver”) in exchange for cash of $5.0 million and contingent consideration in the form of cash payments of up to $37.5 million.

General and administrative expense General and administrative expense for the year ended December 31, 2024 was $62.9 million as compared to $67.5 million for the year ended December 31, 2023, a decrease of $4.6 million mainly due to lower employee compensation expense.

General and administrative expense General and administrative expense for the year ended December 31, 2025 was $107.8 million as compared to $62.9 million for the year ended December 31, 2024, an increase of $44.9 million primarily due to a $38.3 million increase in share based compensation expense attributable to higher share prices in 2025 and a $5.2 million increase in employee compensation expense.

Impairment charges of goodwill Impairment charges of goodwill decreased by $49.8 million to nil for the year ended December 31, 2024 as compared to $49.8 million for the year ended December 31, 2023.

Impairment charges of long-lived and other assets Impairment charges of long-lived and other assets for the year ended December 31, 2025 were nil as compared to $114.6 million for the year ended December 31, 2024.

Revenue increased by $48.6 million, or 17.2%, of which $61.8 million was a result of higher average realized silver and zinc prices, partially offset by $3.0 million as a result of lower average realized lead price and $10.0 million due to lower volume of concentrate sold.

Revenue increased by $129.0 million, or 39%, of which $128.8 million was a result of higher average realized silver price and $0.6 million was due to lower volume of silver concentrate sold. Cost of sales, cost of sales per ounce of silver sold and cash costs per ounce of silver sold remained consistent period over period.

The change was primarily due to lower repayments of debt of $70.2 million, lower dividends paid of $57.7 and a decrease in the purchases and cancellation of common shares in the amount of $46.5 million in 2024 compared to 2023. 114 Non-GAAP Financial Measures The Company has included certain non-GAAP financial measures to assist in understanding the Company's financial results.

The change in cash provided by financing activities was primarily due to an increase of $11.4 million in proceeds from related party debt and a $9.8 million decrease in the purchases and cancellation of common shares in 2025 compared to 2024. 125 Table of Contents Non-GAAP Financial Measures The Company has included certain non-GAAP financial measures to assist in understanding the Company's financial results.

Year ended December 31, 2024 compared to the year ended December 31, 2023 Gold production decreased 13.5% due to fewer ore tonnes milled, partially offset by higher mill feed grade. Gold sold exceeded gold production due to the timing of sales of finished goods inventory.

Year ended December 31, 2025 compared to the year ended December 31, 2024 Gold production decreased 30.0% due to fewer ore tonnes milled and lower mill feed grade. Revenue decreased by $12.6 million, or 6.6%, of which $64.1 million was due to fewer gold ounces sold, partially offset by $51.5 million due to higher average realized gold price.

Cash (used in) provided by financing activities For the year ended December 31, 2024, cash provided by (used in) financing activities was $6.9 million compared to $(182.3) million for the year ended December 31, 2023.

The increases were partially offset by $70.1 million in higher net proceeds from the sale of marketable securities when compared to the year ended December 31, 2024. Cash (used in) provided by financing activities For the year ended December 31, 2025, cash provided by financing activities was $26.2 million compared to $6.9 million for the year ended December 31, 2024.

Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 39.2% and 39.1%, respectively, due to lower grade ore stacked.

Cost of sales per ounce of gold sold and cash costs per ounce of gold sold increased 12.2% and 12.1%, respectively, due to higher royalty expense resulting from higher average realized gold prices during 2025 and fewer ounces sold.

(2) Care and maintenance expense in the AISC calculation only includes direct costs, as depreciation is not included in the calculation of AISC. (3) Gold equivalent ounces are calculated multiplying the silver ounces by the ratio of the silver price to the gold price, using the average LBMA prices for the period.

(3) Gold equivalent ounces are calculated multiplying the silver ounces 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 by-products in the gold equivalent ounce calculations.

AISC per ounce of gold sold increased 26.8% due to higher cash costs per ounce of gold sold, partially offset by lower sustaining capital expenditures compared to 2023, which reflected the purchase of four haul trucks. 109 Seabee, Canada Year Ended December 31, Change Operating Data 2024 2023 2022 2024 (%) 2023 (%) Gold produced (oz) 78,545 90,777 136,125 (13.5) % (33.3) % Gold sold (oz) 81,070 83,610 133,500 (3.0) % (37.4) % Average realized gold price ($/oz sold) $ 2,362 $ 1,965 $ 1,833 20.2 % 7.2 % Ore mined (kt) 365 443 425 (17.6) % 4.1 % Ore milled (kt) 366 445 414 (17.8) % 7.6 % Gold mill feed grade (g/t) 6.93 6.62 10.36 4.7 % (36.1) % Gold recovery (%) 96.4 96.7 98.0 (0.3) % (1.3) % Cost of sales (1) $ 77,846 $ 82,898 $ 74,679 (6.1) % 11.0 % Cost of sales ($/oz gold sold) (1) $ 960 $ 991 $ 559 (3.1) % 77.3 % Cash costs ($/oz sold) (2) $ 961 $ 992 $ 561 (3.1) % 76.8 % AISC ($/oz sold) (2) $ 1,515 $ 1,427 $ 823 6.2 % 73.4 % (1) Excludes depreciation, depletion, and amortization.

See Note 3 and Note 4 of the Consolidated Financial Statements for additional information related to CC&V and the CC&V acquisition. 120 Table of Contents Seabee, Canada Year Ended December 31, Change Operating Data 2025 (1) 2024 (2) 2023 2025 (%) 2024 (%) Gold produced (oz) 54,986 78,545 90,777 (30.0) % (13.5) % Gold sold (oz) 54,000 81,070 83,610 (33.4) % (3.0) % Average realized gold price ($/oz sold) $ 3,316 $ 2,362 $ 1,965 40.4 % 20.2 % Ore mined (kt) 326 365 443 (10.7) % (17.6) % Ore milled (kt) 331 366 445 (9.6) % (17.8) % Gold mill feed grade (g/t) 5.25 6.93 6.62 (24.2) % 4.7 % Gold recovery (%) 96.4 96.4 96.7 — % (0.3) % Cost of sales (3) $ 82,328 $ 77,846 $ 82,898 5.8 % (6.1) % Cost of sales ($/oz gold sold) (3) $ 1,525 $ 960 $ 991 58.9 % (3.1) % Cash costs ($/oz sold) (4) $ 1,525 $ 961 $ 992 58.7 % (3.1) % AISC ($/oz sold) (4) $ 2,231 $ 1,515 $ 1,427 47.3 % 6.2 % (1) During the second quarter of 2025, the Company temporarily suspended operations at Seabee for approximately two weeks due to power interruptions caused by forest fires to the north of the mine.

Cash costs per ounce of silver sold decreased 7.9% due to the decrease in cost of sales per ounce of silver sold discussed above and lower treatment and refining charges. AISC per ounce of silver sold increased 1.2% due to higher sustaining capital expenditures and reclamation cost accretion and amortization.

AISC per ounce of silver sold decreased 8.5% due to lower sustaining capital and lease related expenditures and lower reclamation cost accretion and amortization.

Care and maintenance Care and maintenance costs for the year ended December 31, 2024 were $120.3 million.

Refer to Note 7 to the Consolidated Financial Statements for further details. 116 Table of Contents Care and maintenance Care and maintenance costs for the year ended December 31, 2025 were $151.8 million as compared to $120.3 million for the year ended December 31, 2024.

To borrow under the Second Amended Credit Agreement, the Company will be required to satisfy certain financial ratios related to interest coverage and net leverage and make certain representations and warranties on a quarterly basis, including assessing financial ratios over a twelve-month period.

Borrowings under the Second Amended Credit Agreement are subject to the Company’s compliance with certain financial covenants, including interest coverage and net leverage ratios, as well as customary quarterly representations and warranties, which are assessed on a trailing twelve-month basis. As of December 31, 2025, the Company was in compliance with its covenants.

The decrease was mainly due to a 52.3% decrease in gold ounces sold, or $596.9 million, and a 2.8% decrease in silver ounces sold, or $6.4 million, partially offset by a 22.0% increase in average realized gold price, or $120.1 million, and a 27.8% increase in realized silver price, or $61.1 million.

The increase was primarily due to a 48.0% increase in average realized gold price, or $379.2 million, a 45.7% increase in realized silver price, or $128.8 million, and an 18.8% increase in gold ounces sold, or $124.8 million.

The expenses incurred during 2023 were primarily related to the loss on the sale of assets of $0.8 million and transaction and integration costs of $0.4 million. Interest expense Interest expense for the year ended December 31, 2024 was $13.0 million as compared to $16.6 million for the year ended December 31, 2023.

Interest expense Interest expense for the year ended December 31, 2025 was $14.6 million as compared to $13.0 million for the year ended December 31, 2024. The increase was primarily due to higher outstanding related party debt balances during 2025.

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Item 7A. Quantitative and Qualitative Disclosures About Market Risk

Market Risk — interest-rate, FX, commodity exposure

13 edited+5 added−5 removed12 unchanged

2024 filing

2025 filing

Biggest changeThe Company utilizes blue chip swaps, which are a legal indirect foreign exchange mechanism to convert ARS to USD and manage currency risk related to the ARS, but cannot remove all such risk and such swaps may result in losses which may be significant. 127 At December 31, 2024 and 2023, the Company was primarily exposed to currency risk through the following financial assets and liabilities denominated in foreign currencies: December 31, 2024 (in thousands) TRY CAD ARS Financial assets Cash and cash equivalents $ 2,427 $ 8,975 $ 26,948 Marketable securities — 643 30,218 Accounts receivable and other financial assets (1) 22,921 511 19,211 Financial liabilities Trade and other payables (16,532) (14,034) (7,522) Lease liabilities (1) (7,301) (803) — Other financial liabilities — — — $ 1,515 $ (4,708) $ 68,855 December 31, 2023 (in thousands) TRY CAD ARS Financial assets Cash and cash equivalents $ 7,262 $ 11,090 $ 28,654 Marketable securities — 204 10,403 Accounts receivable and other financial assets (1) 24,784 231 8,166 Financial liabilities Trade and other payables (18,922) (15,206) (6,172) Lease liabilities (1) (6,021) (805) — Other financial liabilities — (1,061) — $ 7,103 $ (5,547) $ 41,051 (1) Includes current and non-current portion.

Biggest changeAt December 31, 2025 and 2024, the Company was primarily exposed to currency risk through the following financial assets and liabilities denominated in foreign currencies: December 31, 2025 (in thousands) TRY CAD ARS Financial assets Cash and cash equivalents $ 2,091 $ 7,883 $ 38,649 Marketable securities — 1,381 33,454 Accounts receivable and other financial assets (1) 4,005 708 23,708 Financial liabilities Trade and other payables (29,215) (8,694) (5,700) Lease liabilities (1) (82,204) (792) — $ (105,323) $ 486 $ 90,111 December 31, 2024 (in thousands) TRY CAD ARS Financial assets Cash and cash equivalents $ 2,427 $ 8,975 $ 26,948 Marketable securities — 643 30,218 Accounts receivable and other financial assets (1) 2,793 511 19,211 Financial liabilities Trade and other payables (16,532) (14,034) (7,522) Lease liabilities (1) (86,686) (803) — $ (97,998) $ (4,708) $ 68,855 (1) Includes current and non-current portion.

The risks associated with the Company's financial instruments, and the policies on how the Company mitigates those risks are set out below. This is not intended to be a comprehensive discussion of all risks. There were no significant changes to the Company's exposures to these risks or the management of its exposures during the year ended December 31, 2024.

The Company's variable rate borrowings are the revolving credit facility, Second Amended Credit Agreement, which is subject to a variable interest rate of SOFR plus applicable margin varying based on the Company’s consolidated leverage ratio and amounts drawn on the credit facility ranging from 2.00% to 2.75%. The Second Amended Credit Agreement is undrawn at December 31, 2024.

The Company assessed the impact of a 10% change in the USD exchange rate relative to the TRY, CAD, and ARS as of December 31, 2024, on the Company's net income based on the above net financial assets and liabilities.

The Company assessed the impact of a 10% change in the USD exchange rate relative to the TRY, CAD, and ARS as of December 31, 2025, on the Company's net income based on the above net financial assets and liabilities.

As of December 31, 2024, the Company is exposed to interest rate cash flow risk arising from its cash in bank accounts that earn variable interest rates, and interest expense on variable rate borrowings.

As of December 31, 2025, the Company is exposed to interest rate cash flow risk arising from its cash in bank accounts that earn variable interest rates, and interest expense on variable rate borrowings.

With other variables unchanged, a 1.0% change in the annualized interest rate would impact the Company's after-tax net income by $2.0 million and $3.1 million for the years ended December 31, 2024 and December 31, 2023, respectively.

With other variables unchanged, a 1.0% change in the annualized interest rate would impact the Company's after-tax net income by $2.6 million and $2.9 million for the years ended December 31, 2025 and December 31, 2024, respectively.

As of December 31, 2024, depreciation of the TRY, CAD, and ARS against the USD would have resulted in an increase (decrease) to the Company's total net income as follows: (in thousands) Year ended December 31, 2024 TRY $ (138) CAD $ 428 ARS $ (6,260) 128 Interest Rate Risk Interest rate risk is the risk that the fair values or future cash flows of the Company's financial instruments will fluctuate because of changes in market interest rates.

As of December 31, 2025, depreciation of the TRY, CAD, and ARS against the USD would have resulted in an increase (decrease) to the Company's total net income as follows: (in thousands) Year ended December 31, 2025 TRY $ 223 CAD $ (32) ARS $ (6) 138 Table of Contents Interest Rate Risk Interest rate risk is the risk that the fair values or future cash flows of the Company's financial instruments will fluctuate because of changes in market interest rates.

This adjustment period represents the Company's exposure to commodity price risk on its trade receivables. A 10% increase or decrease in the silver price as of December 31, 2024, with all other variables held constant, would have resulted in a $13.5 million increase or decrease to the Company's after-tax net income, respectively.

This adjustment period represents the Company's exposure to commodity price risk on its trade receivables. A 10% increase or decrease in the silver price as of December 31, 2025, with all other variables held constant, would have resulted in a $16.9 m illion increase or decrease to the Company's after-tax net income, respectively.

In addition, the Company uses surety bonds to support certain environmental bonding obligations. As of December 31, 2024 and 2023, the Company had surety bonds totaling $153.0 million and $142.7 million, respectively, outstanding. 129

In addition, the Company uses surety bonds to support certain environmental bonding obligations. As of December 31, 2025 and 2024, the Company had surety bonds totaling $500.1 million and $153.0 million, respectively, outstanding. 139 Table of Contents

As of December 31, 2024 and 2023, the weighted average interest rate earned on the Company's cash and cash equivalents wa s 4.36% and 4.67%, respectively.

As of December 31, 2025 and 2024, the weighted average interest rate earned on the Company's cash and cash equivalents was 3.57% and 4.36%, respectively.

The Company's maximum exposure to credit risk as of December 31, 2024 and 2023 was as follows (in thousands): December 31, 2024 2023 Cash and cash equivalents $ 387,882 $ 492,393 Trade receivables 78,621 91,339 Value added tax receivable 24,191 31,087 Restricted cash 1 101 Other current and non-current financial assets 28,545 26,593 $ 519,240 $ 641,513 As of December 31, 2024, no amounts were held as collateral except those discussed above related to other financial assets.

The Company's maximum exposure to credit risk as of December 31, 2025 and 2024 was as follows (in thousands): December 31, 2025 2024 Cash and cash equivalents $ 534,834 $ 387,882 Trade receivables 75,588 78,621 Value added tax receivable 15,735 24,191 Restricted cash — 1 Other current and non-current financial assets 29,953 28,545 $ 656,110 $ 519,240 As of December 31, 2025, no amounts were held as collateral except those discussed above related to other financial assets.

During the fourth quarter of 2023, the Argentine government implemented a series of measures to address the current economic situation, which included increasing the exchange rate for ARS more than 50.0% following the presidential elections on December 12, 2023.

Although initially introduced in 2019 and intended as temporary measures, these provisions remain in effect as of December 31, 2025. During the fourth quarter of 2023, the Argentine government implemented a series of measures to address the current economic situation, which included increasing the exchange rate for ARS more than 50.0% following the December 2023 presidential elections.

All of our foreign operations use the USD as the functional currency and local currency monetary assets and liabilities are remeasured into USD with gains and losses resulting from foreign currency transactions included in current results of operations. 126 As previously disclosed, the Central Bank of Argentina has continued to maintain certain capital and currency controls that generally restrict the Company’s ability to access USD in Argentina and remit earnings from its Argentine operations.

As previously disclosed, the Central Bank of Argentina has continued to maintain certain capital and currency controls that generally restrict the Company’s ability to access USD in Argentina and remit earnings from its Argentine operations.

Removed

Effective September 2, 2019, Argentina introduced new Central Bank regulations which require export proceeds to be converted into ARS within five business days of such proceeds entering the country. These provisions were intended to be temporary until December 31, 2019; however, the provisions remained in effect as of December 31, 2024.

Added

Removed

Argentina introduced further currency control measures in 2022, including restrictions on the timing of payments to vendors in currencies other than ARS. While these provisions remain in effect, the Company is unable to hold funds in Argentina in USD, which has increased its exposure to the ARS.

Added

Argentina’s foreign exchange regulations continue to require that proceeds from the export of goods and services be transferred into the Argentine financial system and converted into ARS through the official foreign exchange market within the timeframes established by the Central Bank of the Republic of Argentina.

Removed

Additionally, during October 2023, following new resolutions by the Argentinian government, a change was instituted in the conversion of USD-denominated export revenues. Prior to the resolutions, all export proceeds were mandatorily converted to ARS at the official exchange rate.

Added

Since that time, Argentina’s foreign exchange regime has continued to evolve, and in 2025 the government implemented reforms transitioning to a managed floating exchange rate system and modifying prior requirements related to the settlement of export proceeds. 137 Table of Contents Despite these changes, the Argentine peso remains subject to significant volatility and uncertainty, and foreign exchange regulations may continue to change with limited notice.

Removed

However, the new policy dictated that a portion of these proceeds could be converted at the market rate, which was significantly higher than the official rate until the major devaluation on December 12, 2023.

Added

The Company may utilize indirect foreign exchange mechanisms, including blue-chip swaps, to manage exposure to the Argentine peso and facilitate the conversion of Argentine-sourced cash flows to USD. These mechanisms are subject to market availability, regulatory constraints, pricing inefficiencies, and counterparty risk, and may result in losses that could be significant.

Removed

As of December 31, 2024, a 1.0% increase or decrease in the SOFR interest rate, assuming all other variables remained constant, would decrease or increase the Company's after-tax net income for the year ended December 31, 2024 by $2.7 million.

Added

Accordingly, such strategies may not fully mitigate the Company’s exposure to adverse movements in the Argentine peso or future changes in foreign exchange regulations.

Top changes in SSR MINING INC.'s 2025 10-K

Item 1. Business

Item 1A. Risk Factors

Item 1C. Cybersecurity

Item 2. Properties

Item 3. Legal Proceedings

Item 4. Mine Safety Disclosures

Item 5. Market for Registrant's Common Equity

Item 7. Management's Discussion & Analysis

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

Other SSRM 10-K year-over-year comparisons