Part I [2022 Highlights](index=6&type=section&id=2022%20Highlights) SSR Mining produced 623,819 gold equivalent ounces at $1,339/oz AISC, reported $194.1 million net income, and returned $158.8 million to shareholders - **2022 Key Financial and Operational Metrics** | Metric | Value | | :--- | :--- | | **Production** | 623,819 gold equivalent ounces | | **All-in Sustaining Costs (AISC)** | $1,339 per gold equivalent ounce | | **Attributable Net Income** | $194.1 million | | **Attributable Net Income per Diluted Share** | $0.89 | | **Operating Cash Flow** | $160.9 million | | **Free Cash Flow** | $23.4 million | | **Capital Returned to Shareholders** | $158.8 million (4.9% yield) | - The company strengthened its balance sheet, ending 2022 with **$655.5 million** in cash and cash equivalents after significant capital returns, debt repayments, and strategic M&A transactions[17](index=17&type=chunk) - Strategic portfolio adjustments in 2022 included the acquisition of Taiga Gold Corp., the sale of the Pitarrilla project, and an increased ownership in the Kartaltepe Mining Joint Venture to **80%**[17](index=17&type=chunk) [Business](index=7&type=section&id=Item%201.%20Business) SSR Mining operates four precious metals assets in Türkiye, USA, Canada, and Argentina, primarily producing gold doré, facing competitive and regulatory challenges [Introduction](index=7&type=section&id=Introduction) - SSR Mining operates **four producing assets** in the USA, Türkiye, Canada, and Argentina, focusing on the production of gold doré, silver, lead, and zinc concentrates[18](index=18&type=chunk) - The company maintains a strong balance sheet with over **$655.5 million** in cash and cash equivalents as of December 31, 2022, which it intends to use for funding growth and providing shareholder returns[20](index=20&type=chunk) [Segment Information](index=7&type=section&id=Segment%20Information) Revenue Contribution by Operating Segment (2022) | Operating Segment | Location | 2022 Revenue Contribution | | :--- | :--- | :--- | | **Çöpler Gold Mine** | Türkiye | 31% | | **Marigold Mine** | United States | 30% | | **Seabee Gold Operations** | Canada | 21% | | **Puna Operations** | Argentina | 18% | [Principal Products](index=7&type=section&id=Principal%20Products) Revenue by Product Category | Product | 2022 | 2021 | 2020 | | :--- | :--- | :--- | :--- | | **Gold** | 82% | 84% | 88% | | **Silver** | 14% | 12% | 11% | | **Lead** | 3% | 2% | 1% | | **Zinc** | 1% | 2% | —% | - In 2022, sales of gold doré accounted for **82%** of revenue, with major customers being the Central Bank of Türkiye (31%), CIBC (28%), and Bank of Montreal (16%)[25](index=25&type=chunk) - The average LBMA gold price in 2022 was **$1,800/oz**, a slight increase from 2021, while the average silver price was **$21.73/oz**, a **14% decrease** from 2021[31](index=31&type=chunk) [Environmental, Social and Governance (ESG)](index=9&type=section&id=Environmental%2C%20Social%20and%20Governance%20%28ESG%29) - The company's ESG approach focuses on minimizing environmental impact and creating a positive community legacy, guided by its Environmental & Sustainability Policy and overseen by the Board's EHS&S Committee[40](index=40&type=chunk)[41](index=41&type=chunk)[43](index=43&type=chunk) - SSR Mining plans to establish an action plan to achieve **net zero emissions by 2050**, acknowledging the transition to a lower-carbon economy may increase operational costs[45](index=45&type=chunk) - In **June 2022**, operations at the Çöpler mine were temporarily suspended by Türkiye's Ministry of Environment due to a diluted cyanide leak; operations restarted on **September 22, 2022**, after remediation initiatives were completed[38](index=38&type=chunk) [Human Capital Management](index=12&type=section&id=Human%20Capital%20Management) - As of December 31, 2022, the company employed approximately **2,500** full-time employees and **2,050** contract employees, with significant union representation in Türkiye (**64%**) and Argentina (**60%**)[54](index=54&type=chunk) - The company is committed to diversity and inclusion, achieving **over 30%** female representation on its Board of Directors in 2022, and is a member of the Catalyst Accord 2022 and the 30% Club Canada[55](index=55&type=chunk) - SSR Mining has adopted a Human Rights Policy aligned with international principles, including the UN Guiding Principles on Business and Human Rights[60](index=60&type=chunk) [Risk Factors](index=16&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant operational, financial, industry, and jurisdictional risks, including metal price volatility, supply chain, currency, and political instability [Risks Related to the Company's Operations and Business](index=19&type=section&id=Risks%20Related%20to%20the%20Company%27s%20Operations%20and%20Business) - The company's profitability is highly dependent on the volatile market prices of gold, silver, and other metals, which are affected by numerous factors beyond its control, such as global consumption patterns, central bank policies, and inflation[74](index=74&type=chunk)[75](index=75&type=chunk) - Estimates of mineral reserves and resources are inherently uncertain and depend on geological interpretation and assumptions; actual production may yield less mineral than estimated, which could adversely affect economic viability and financial results[88](index=88&type=chunk)[91](index=91&type=chunk) - Operations are subject to supply chain disruptions, rising energy prices, and the availability of sufficient water, any of which could interrupt production, increase costs, and negatively impact financial performance[94](index=94&type=chunk)[97](index=97&type=chunk)[99](index=99&type=chunk) [Financial Risks and Risks Related to Our Indebtedness](index=29&type=section&id=Financial%20Risks%20and%20Risks%20Related%20to%20Our%20Indebtedness) - The company is exposed to foreign exchange risk as revenues are in **USD** while some costs are in **Turkish Lira**, **Canadian dollars**, and **Argentine pesos**; appreciation of these currencies against the USD increases operating costs[133](index=133&type=chunk) - High inflation in countries like Argentina (**94.8%** in 2022) and Türkiye (**72%** in 2022) can significantly increase operational costs in local currencies, potentially making projects or mines uneconomic[135](index=135&type=chunk) - The company's debt of approximately **$298.3 million** as of December 31, 2022, requires sufficient cash generation for service; failure to meet obligations or financial covenants, as occurred temporarily in Q3 2022 with the Term Loan due to the Çöpler suspension, could lead to liquidity problems[146](index=146&type=chunk)[152](index=152&type=chunk) [Risks Related to Our Industry and the Jurisdictions in Which We Operate](index=32&type=section&id=Risks%20Related%20to%20Our%20Industry%20and%20the%20Jurisdictions%20in%20Which%20We%20Operate) - The company is exposed to political and economic instability in the countries where it operates (**USA, Türkiye, Canada, Argentina**), including risks of tax increases, expropriation, foreign exchange controls, and uncertain regulatory environments[153](index=153&type=chunk) - Mining is inherently risky, subject to events like geological problems, equipment failures, environmental hazards, and industrial accidents; the **June 2022** cyanide leak at Çöpler, which led to a temporary operational suspension, exemplifies this risk[159](index=159&type=chunk)[160](index=160&type=chunk) - Maintaining a social license to operate requires meeting increasing stakeholder expectations for community benefits and environmental stewardship; failure to do so can result in operational disruptions, increased costs, and reputational damage, as seen with community and activist responses to the Çöpler incident[164](index=164&type=chunk) [Risks Related to Governmental Regulation and Legal Proceedings](index=37&type=section&id=Risks%20Related%20to%20Governmental%20Regulation%20and%20Legal%20Proceedings) - The company's operations are subject to extensive governmental regulations covering health, safety, and environmental protection; failure to comply can result in substantial penalties, sanctions, or suspension of permits[176](index=176&type=chunk) - Obtaining and renewing necessary permits is a complex and time-consuming process; delays, failures to obtain permits, or challenges from community groups can adversely affect operations and development projects[181](index=181&type=chunk)[182](index=182&type=chunk) - Compliance with emerging climate change regulations could result in significant costs; the company also faces physical risks from climate change, such as extreme weather events, which could disrupt operations, particularly at remote sites like Seabee[192](index=192&type=chunk)[194](index=194&type=chunk) [Properties](index=46&type=section&id=Item%202.%20Properties) SSR Mining's portfolio includes four producing assets in Türkiye, USA, Canada, and Argentina, with 7.62 million ounces of attributable proven and probable gold reserves [Çöpler Gold Mine, Erzincan Province, Türkiye](index=49&type=section&id=C%C3%B6pler%20Gold%20Mine%2C%20Erzincan%20Province%2C%20T%C3%BCrkiye) - Çöpler is an open-pit gold mine in Türkiye, **80%** owned by SSR Mining; it processes both oxide and sulfide ores through separate heap leach and pressure oxidation (POX) circuits, respectively[216](index=216&type=chunk)[220](index=220&type=chunk)[233](index=233&type=chunk) Çöpler Attributable Mineral Reserves (as of Dec 31, 2022) | Category | Tonnes (kt) | Gold Grade (g/t) | Contained Gold (koz) | | :--- | :--- | :--- | :--- | | **Proven** | 7,166 | 2.56 | 590 | | **Probable** | 51,129 | 2.05 | 3,393 | | **Proven & Probable** | **58,300** | **2.12** | **3,983** | Çöpler Life of Mine (LOM) Cost Estimates | Cost Category | Total LOM ($M) | LOM Average ($/t) | | :--- | :--- | :--- | | **Capital Costs** | $449.3 | - | | **Operating Costs** | $3,175 | $43.81 | [Marigold Mine, Nevada, United States](index=60&type=section&id=Marigold%20Mine%2C%20Nevada%2C%20United%20States) - Marigold is a **100%** owned open-pit, run-of-mine heap leach operation located in Nevada, USA; it has been in continuous operation for over **30 years**[311](index=311&type=chunk)[319](index=319&type=chunk) Marigold Mineral Reserves (as of Dec 31, 2022) | Category | Tonnes (kt) | Gold Grade (g/t) | Contained Gold (koz) | | :--- | :--- | :--- | :--- | | **Proven** | — | — | — | | **Probable (in-pit)** | 185,703 | 0.48 | 2,842 | | **Probable (leach pad)** | — | — | 314 | | **Total Probable** | **185,703** | **-** | **3,156** | Marigold Life of Mine (LOM) Cost Estimates | Cost Category | Total LOM ($M) | LOM Average ($/t) | | :--- | :--- | :--- | | **Capital Costs** | $299.0 | - | | **Operating Costs** | $1,855 | $10.16 | [Seabee Gold Operation, Saskatchewan, Canada](index=66&type=section&id=Seabee%20Gold%20Operation%2C%20Saskatchewan%2C%20Canada) - Seabee is a **100%** owned remote underground gold mine in Saskatchewan, Canada; ore is produced from the Santoy mine and processed at the Seabee mill, which uses gravity concentration and cyanidation[358](index=358&type=chunk)[361](index=361&type=chunk) Seabee Mineral Reserves (as of Dec 31, 2022) | Category | Tonnes (kt) | Gold Grade (g/t) | Contained Gold (koz) | | :--- | :--- | :--- | :--- | | **Proven** | 86 | 7.71 | 21 | | **Probable** | 2,259 | 6.34 | 460 | | **Proven & Probable** | **2,345** | **6.38** | **481** | Seabee Life of Mine (LOM) Cost Estimates | Cost Category | Total LOM ($M) | LOM Average ($/t Milled) | | :--- | :--- | :--- | | **Capital Costs** | $116.7 | - | | **Operating Costs** | $349 | $154.03 | [Puna Operations, Jujuy Province, Argentina](index=71&type=section&id=Puna%20Operations%2C%20Jujuy%20Province%2C%20Argentina) - Puna is a **100%** owned open-pit silver-lead-zinc mine in Argentina; ore from the Chinchillas mine is transported **45 km** to the Pirquitas processing plant to produce silver-lead and zinc concentrates[400](index=400&type=chunk)[404](index=404&type=chunk) Puna Mineral Reserves (as of Dec 31, 2022) | Metal | Category | Tonnes (kt) | Grade | Contained Metal | | :--- | :--- | :--- | :--- | :--- | | **Silver** | Proven & Probable | 6,623 | 156 g/t | 33,122 koz | | **Lead** | Proven & Probable | 6,623 | 1.30% | 189.6 Mlbs | | **Zinc** | Proven & Probable | 6,623 | 0.25% | 37.1 Mlbs | Puna Life of Mine (LOM) Cost Estimates | Cost Category | Total LOM ($M) | LOM Average ($/t milled) | | :--- | :--- | :--- | | **Capital Costs** | $31.6 | - | | **Operating Costs** | $288 | $50.45 | [Operating Statistics](index=100&type=section&id=Operating%20Statistics) 2022 Production by Mine | Mine | Gold Produced (oz) | Silver Produced ('000 oz) | Lead Produced ('000 lb) | Zinc Produced ('000 lb) | | :--- | :--- | :--- | :--- | :--- | | **Çöpler** | 191,366 | — | — | — | | **Marigold** | 194,668 | — | — | — | | **Seabee** | 136,125 | — | — | — | | **Puna** | — | 8,397 | 41,004 | 8,583 | 2021 Production by Mine | Mine | Gold Produced (oz) | Silver Produced ('000 oz) | Lead Produced ('000 lb) | Zinc Produced ('000 lb) | | :--- | :--- | :--- | :--- | :--- | | **Çöpler** | 329,276 | — | — | — | | **Marigold** | 235,282 | — | — | — | | **Seabee** | 118,888 | — | — | — | | **Puna** | — | 8,010 | 37,695 | 13,642 | Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchase of Equity Securities](index=103&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchase%20of%20Equity%20Securities) SSR Mining's shares trade on TSX/Nasdaq; in 2022, the company repurchased 6.05 million shares for $100.0 million and paid $0.28 per share in dividends - Under its 2022 Normal Course Issuer Bid (NCIB), the company repurchased **6,053,126** common shares for approximately **$100.0 million** at a weighted average price of **$16.53 per share**[591](index=591&type=chunk) - The company paid cash dividends of **$0.28 per common share** in 2022, totaling **$58.8 million**; the quarterly dividend was increased from **$0.05 to $0.07 per share** in February 2022[596](index=596&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=107&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In 2022, revenue decreased 22.1% to $1.15 billion and net income fell 50.6% to $210.4 million, primarily due to operational disruptions [Consolidated Results of Operations](index=108&type=section&id=Consolidated%20Results%20of%20Operations) Consolidated Financial Results (Years Ended December 31) | Metric (in thousands, except per share) | 2022 | 2021 | % Change | | :--- | :--- | :--- | :--- | | **Revenue** | $1,148,033 | $1,474,199 | (22.1)% | | **Operating income** | $190,268 | $444,375 | (57.2)% | | **Net income** | $210,428 | $425,922 | (50.6)% | | **Attributable net income** | $194,140 | $368,076 | (47.3)% | | **Diluted net income per share** | $0.89 | $1.63 | (45.4)% | | **Adjusted diluted attributable net income per share** | $0.67 | $1.78 | (62.4)% | Consolidated Operating Results (Years Ended December 31) | Metric | 2022 | 2021 | % Change | | :--- | :--- | :--- | :--- | | **Gold equivalent produced (oz)** | 623,819 | 794,456 | (21.5)% | | **Gold equivalent sold (oz)** | 617,135 | 797,602 | (22.6)% | | **Cost of sales per AuEq oz sold** | $985 | $842 | 17.0% | | **AISC per AuEq oz sold** | $1,339 | $955 | 40.2% | - The **22.1%** decrease in 2022 revenue was primarily driven by a **22.6%** decrease in gold equivalent ounces sold, mainly due to the temporary suspension of operations at Çöpler and slower leaching at Marigold[627](index=627&type=chunk) [Liquidity and Capital Resources](index=117&type=section&id=Liquidity%20and%20Capital%20Resources) - Cash and cash equivalents decreased by **$362.1 million** during 2022, from **$1,017.6 million** to **$655.5 million**, primarily due to cash used in investing and financing activities[677](index=677&type=chunk) Summary of Cash Flows (Years Ended December 31, in thousands) | Cash Flow Activity | 2022 | 2021 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $160,896 | $608,986 | | **Cash used in investing activities** | ($236,282) | ($129,137) | | **Cash used in financing activities** | ($271,782) | ($319,769) | - In 2022, the company returned capital to shareholders through **$58.8 million** in dividends and **$100.0 million** in share repurchases[672](index=672&type=chunk)[674](index=674&type=chunk) [Non-GAAP Financial Measures](index=120&type=section&id=Non-GAAP%20Financial%20Measures) - The company uses non-GAAP measures such as **Cash Costs, AISC, Adjusted Attributable Net Income, EBITDA, and Free Cash Flow** to evaluate operating performance and provide additional information to investors[687](index=687&type=chunk) Reconciliation of Net Income to Adjusted Net Income (in thousands) | Line Item | 2022 | 2021 | | :--- | :--- | :--- | | **Net income attributable to SSR Mining shareholders (GAAP)** | $194,140 | $368,076 | | Adjustments (net) | ($49,326) | $33,681 | | **Adjusted net income attributable to SSR Mining shareholders (Non-GAAP)** | $144,814 | $401,757 | Reconciliation of Cash from Operations to Free Cash Flow (in thousands) | Line Item | 2022 | 2021 | | :--- | :--- | :--- | | **Cash provided by operating activities (GAAP)** | $160,896 | $608,986 | | Less: Additions to mineral properties, plant and equipment | ($137,515) | ($164,810) | | **Free cash flow (non-GAAP)** | $23,381 | $444,176 | [Quantitative and Qualitative Disclosures About Market Risk](index=131&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from commodity price, currency (TRY, CAD, ARS), and interest rate fluctuations, with a 10% silver price change impacting net income by $6.6 million - **Price Risk:** A **10%** change in the silver price as of December 31, 2022, would result in a **$6.6 million** change in after-tax net income due to provisional concentrate sales[739](index=739&type=chunk) - **Currency Risk:** The company faces significant exposure to fluctuations in the Turkish Lira (TRY), Canadian Dollar (CAD), and Argentine Peso (ARS); the economies of Argentina and Türkiye are considered highly inflationary, with 2022 inflation rates reaching **94.8%** and **72%** respectively[740](index=740&type=chunk)[742](index=742&type=chunk) - **Interest Rate Risk:** A **1.0%** change in the LIBOR interest rate would impact the company's after-tax net income by **$0.8 million** due to its variable-rate Term Loan[749](index=749&type=chunk) [Financial Statements and Supplementary Data](index=134&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the audited 2022 consolidated financial statements, including operations, cash flows, balance sheets, and equity, with an unqualified audit opinion [Notes to Consolidated Financial Statements](index=143&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) - **Acquisition of Kartaltepe:** On November 17, 2022, the company acquired an additional **30%** of Kartaltepe for **$150.0 million**, increasing its ownership to **80%** and resulting in consolidation; a gain of **$81.9 million** was recognized on the transaction[863](index=863&type=chunk)[864](index=864&type=chunk) - **Debt:** As of December 31, 2022, total debt was **$298.3 million**, consisting primarily of **$226.5 million** in 2.50% Convertible Senior Notes due 2039 and a **$70.0 million** Term Loan; the company was in compliance with all debt covenants at year-end after receiving a waiver for a temporary non-compliance event in Q3 2022 related to the Çöpler suspension[979](index=979&type=chunk)[988](index=988&type=chunk) - **Share Repurchases:** During 2022, the company repurchased and cancelled **6.1 million** common shares for **$100.0 million** under its Normal Course Issuer Bid (NCIB)[929](index=929&type=chunk) Part III [Directors, Executive Officers, Corporate Governance, Compensation, and Principal Accountant Fees](index=184&type=section&id=Items%2010-14) Information on directors, executive officers, corporate governance, compensation, and accountant fees is incorporated by reference from the 2023 Proxy Statement - Detailed information regarding directors, executive compensation, security ownership, and accountant fees is not included in this 10-K but is incorporated by reference from the company's forthcoming Proxy Statement[1019](index=1019&type=chunk)[1020](index=1020&type=chunk)[1021](index=1021&type=chunk)[1022](index=1022&type=chunk)[1023](index=1023&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=185&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists all exhibits filed with the Annual Report, including financial statements, expert consents, and various certifications - This section contains a comprehensive list of all exhibits filed with the Form 10-K, including material agreements, corporate articles, compensation plans, and required certifications under the Sarbanes-Oxley Act[1025](index=1025&type=chunk)[1027](index=1027&type=chunk)[1028](index=1028&type=chunk)

SSR Mining Inc. (NASDAQ:SSRM) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Alex Hunchak - Investor Relations Rod Antal - President and Chief Executive Officer Alison White - Chief Financial Officer Stew Beckman - Chief Operating Officer Conference Call Participants Ovais Habib - Scotiabank Cosmos Chiu - CIBC Operator Thank you for standing by. This is the conference operator. Welcome to SSR Mining’s Third Quarter 2022 Results Conference Call. [Operator Instructions] I wo ...

Financial Performance & Capital Returns - The company returned $336 million, representing 12% of its market capitalization, to shareholders since Q2 2021 [8] - Capital returned to shareholders represents over 90% of free cash flow since the start of 2021 [8] - In Q1 2022, the company increased its dividend by 40% [8, 23] - Approximately $100 million in shares were repurchased YTD 2022 under the NCIB program [9, 25] - The company's total cash position is $784 million, with a net cash position of $465 million as of September 30, 2022 [8, 25] Production & Operations - Q3 2022 consolidated production was 107 koz AuEq, with production costs of $1,099/oz and AISC of $1,901/oz AuEq [25] - YTD consolidated production reached 441 koz AuEq, with production costs of $955/oz and AISC of $1,331/oz AuEq [25] - Full-year 2022 production guidance is revised to 620 to 655 koz AuEq [25] - Puna's Q3 throughput averaged nearly 4,800 tpd [52] Growth & Projects - 2021 Mineral Reserves increased by 1.1 Moz Au, a 14% increase Y/Y [8] - Ardich is on track for first production in 2023, targeting 1.2+ Moz production with $69 million of capex [8] - C2 first production is targeted for 2025, with 1.0+ Moz production, $218 million capex, and ~60% IRR [8]

PART I - FINANCIAL INFORMATION This section provides comprehensive financial information, including statements, notes, and management's analysis of operations [THIRD QUARTER 2022 HIGHLIGHTS](index=4&type=section&id=THIRD%20QUARTER%202022%20HIGHLIGHTS) The third quarter of 2022 saw SSR Mining produce 106,919 gold equivalent ounces, with year-to-date production reaching 441,164 gold equivalent ounces. Operations at the Çöpler mine restarted in late September after a temporary suspension. The company reported an attributable net loss of $25.8 million for the quarter and a year-to-date operating cash flow of $42.8 million, with a free cash flow of $(73.4) million. Capital returns to shareholders totaled $144.4 million year-to-date, and the balance sheet remained strong with $748.5 million in cash and cash equivalents. Key strategic activities included the sale of the Pitarrilla project and an agreement to consolidate ownership in the Çöpler District to 80% - Operating performance: Delivered third quarter production of **106,919 gold equivalent ounces**, and year-to-date production of **441,164 gold equivalent ounces**[11](index=11&type=chunk) - Çöpler production restarted late September: Operations at the Çöpler mine were temporarily suspended on June 21, 2022, and restarted on September 22, 2022, after implementing improvement initiatives and receiving regulatory approvals[11](index=11&type=chunk) Key Financial Results (Q3 & YTD 2022) | Metric | Q3 2022 | YTD 2022 | | :----------------------------------- | :------ | :------- | | Attributable Net Loss | $(25.8) million | N/A | | Adjusted Attributable Net Loss | $(13.5) million | N/A | | Operating Cash Flow | N/A | $42.8 million | | Free Cash Flow | N/A | $(73.4) million | - Capital returns: Returned **$144.4 million** to shareholders in 2022, including **$44.4 million** in dividends and **$100.0 million** in share repurchases[11](index=11&type=chunk) - Balance sheet and financial strength: Ended Q3 with a cash and cash equivalents balance of **$748.5 million**[11](index=11&type=chunk) - Completed the sale of the Pitarrilla project: On July 6, 2022, sold the Pitarrilla project for **$35.0 million** in cash, **$35.0 million** in common shares of Endeavour Silver, and a **1.25%** net smelter return royalty[11](index=11&type=chunk) - Consolidated ownership of the Çöpler District: Subsequent to the quarter, agreed to acquire an additional **30% ownership interest** in the Kartaltepe Mining Joint Venture for **$150.0 million** in cash, increasing SSR Mining's ownership to **80%**[11](index=11&type=chunk) [ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA](index=5&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS%20AND%20SUPPLEMENTARY%20DATA) This section presents the unaudited condensed consolidated financial statements, including statements of operations, cash flows, balance sheets, and changes in equity, along with detailed notes. Key financial highlights include a significant decrease in revenue and a net loss for Q3 2022, primarily due to the temporary suspension of operations at the Çöpler mine. The balance sheet shows a decrease in cash and total assets, while liabilities also decreased. The notes provide crucial context on company operations, accounting policies, acquisitions, divestitures, segment performance, revenue breakdown, tax information, and debt structure, including a non-compliance event related to the Term Loan [Condensed Consolidated Statements of Operations (unaudited)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20(unaudited)) Condensed Consolidated Statements of Operations (in thousands, except per share) | Metric | Three Months Ended Sep 30, 2022 | Three Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2021 | | :------------------------------------------ | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Revenue | $166,627 | $322,846 | $841,656 | $1,066,280 | | Operating income (loss) | $(35,064) | $92,659 | $150,901 | $325,559 | | Net income (loss) attributable to SSR Mining shareholders | $(25,793) | $57,060 | $100,256 | $240,641 | | Basic Net income (loss) per share | $(0.12) | $0.27 | $0.48 | $1.11 | | Diluted Net income (loss) per share | $(0.12) | $0.26 | $0.46 | $1.06 | [Condensed Consolidated Statements of Cash Flows (unaudited)](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows%20(unaudited)) Condensed Consolidated Statements of Cash Flows (in thousands) | Activity | Nine Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2021 | | :-------------------------------------------------- | :----------------------------- | :----------------------------- | | Net cash provided by operating activities | $42,799 | $424,380 | | Net cash used in investing activities | $(69,983) | $(130,499) | | Net cash used in financing activities | $(238,634) | $(290,389) | | Net increase (decrease) in cash, cash equivalents, and restricted cash | $(268,820) | $2,390 | | Cash, cash equivalents, and restricted cash end of period | $784,045 | $898,311 | [Condensed Consolidated Balance Sheets (unaudited)](index=10&type=section&id=Condensed%20Consolidated%20Balance%20Sheets%20(unaudited)) Condensed Consolidated Balance Sheets (in thousands) | Metric | September 30, 2022 | December 31, 2021 | | :---------------------------------- | :----------------- | :---------------- | | Total current assets | $1,430,736 | $1,600,314 | | Total assets | $4,995,258 | $5,211,438 | | Total current liabilities | $247,081 | $283,882 | | Total liabilities | $1,000,680 | $1,158,921 | | Total equity | $3,994,578 | $4,052,517 | [Condensed Consolidated Statements of Changes in Equity (unaudited)](index=12&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Equity%20(unaudited)) Changes in Equity (in thousands) | Metric | Balance as of December 31, 2021 | Balance as of September 30, 2022 | | :---------------------------------- | :------------------------------ | :----------------------------- | | Common shares (amount) | $3,140,189 | $3,056,924 | | Retained earnings (deficit) | $397,667 | $442,323 | | SSR Mining's shareholders' equity | $3,537,856 | $3,499,247 | | Non-controlling interest | $514,661 | $495,331 | | Total equity | $4,052,517 | $3,994,578 | - During the nine months ended September 30, 2022, the Company repurchased **6,053,126 common shares** for **$100.0 million** and paid **$44.4 million** in dividends to shareholders[104](index=104&type=chunk)[103](index=103&type=chunk)[185](index=185&type=chunk) [Note 1. THE COMPANY](index=16&type=section&id=Note%201.%20THE%20COMPANY) - SSR Mining is a precious metals mining company with four producing assets located in the United States, Türkiye, Canada, and Argentina, primarily engaged in the operation, acquisition, exploration, and development of precious metal resource properties[32](index=32&type=chunk) - The Çöpler mine in Türkiye temporarily suspended operations on June 21, 2022, due to a leach solution leak and restarted on September 22, 2022, after receiving required regulatory approvals[34](index=34&type=chunk) [Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES](index=16&type=section&id=Note%202.%20SUMMARY%20OF%20SIGNIFICANT%20ACCOUNTING%20POLICIES) - The Company's revenue, profitability, and future growth are substantially dependent on the volatile prices of gold, silver, lead, and zinc, which could materially adversely affect its financial position[35](index=35&type=chunk) - The Condensed Consolidated Financial Statements are prepared in accordance with Form 10-Q and should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2021[36](index=36&type=chunk) - ASU 2022-04, 'Liabilities - Supplier Finance Programs: Disclosure of Supplier Finance Program Obligations,' issued in September 2022, is effective for fiscal years beginning after December 15, 2022, and is not expected to have a material impact on the Consolidated Financial Statements[38](index=38&type=chunk) [Note 3. ACQUISITIONS AND DIVESTITURES](index=17&type=section&id=Note%203.%20ACQUISITIONS%20AND%20DIVESTITURES) - On April 14,

SSR Mining Inc. (NASDAQ:SSRM) Q2 2022 Earnings Conference Call August 2, 2022 5:00 PM ET Company Participants Alex Hunchak – Director-Corporate Development and Investor Relations Rod Antal – President and Chief Executive Officer Alison White – Chief Financial Officer Stew Beckman – Chief Operating Officer Conference Call Participants Cosmos Chiu – CIBC Michael Siperco – RBC Capital Markets Ovais Habib – Scotiabank Lawson Winder – Bank of America Securities Levi Spry – UBS Australia Mike Parkin – National Ba ...

A FREE CASH FLOW FOCUSED GOLD PRODUCER Second Quarter 2022 Financial Results August 2022 Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information may be contai ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 or Suite 1300 - 6900 E. Layton Ave, Denver, Colorado, 80237 (Address of Principal Executive Offices) Registrant's telephone number, including area code (303) 292-1299 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...

SSR Mining, Inc. (NASDAQ:SSRM) Q1 2022 Earnings Conference Call May 3, 2022 4:30 PM ET Company Participants Alex Hunchak - Director, Corporate Development & IR Rodney Antal - President, CEO & Director Alison White - EVP & CFO Stewart Beckman - EVP & COO Conference Call Participants Cosmos Chiu - CIBC Capital Markets Ovais Habib - Scotiabank Michael Parkin - National Bank Financial Steven Green - TD Securities Levi Spry - UBS Operator Hello, everyone, and welcome to SSR Mining's First Quarter 2022 Conference ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number: 001-35455 SSR MINING INC. (Exact name of registrant as specified in its charter) British Columbia (State or Oth ...

A FREE CASH FLOW FOCUSED GOLD PRODUCER Q4 & 2021 Financial Results February 2022 Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information may be contained in t ...