SSR MINING INC.

Red flags

• All Çöpler operations have ceased and the company cannot determine whether or when they will resume; 2025 care-and-maintenance expense was $151.8 million.
• AISC increased to $2,153 per gold-equivalent ounce from $1,878 despite higher production, leaving earnings more exposed to a reversal in gold and silver prices.
• Outstanding surety bonds rose to $500.1 million from $153.0 million, while Çöpler-related securities class actions have no recorded liability because losses are not yet considered probable and estimable.
• CC&V's Carlton Tunnel remediation liability may require a material adjustment depending on the final regulator-approved treatment plan.