SSR Mining (SSRM) Mining Forum Americas 2026 summary

Strategic portfolio and capital allocation

• Nearly 90% of net asset value is concentrated in the USA and Canada, with four producing mines and a 2026 production mix of 80% gold and 20% silver.

• Completed a strategic refocus to the Americas, including the sale of Çöpler for $1.49B and a 20% stake in Hod Maden for a 4% NSR royalty.

• Year-to-date capital returns exceed $409M, including share repurchases and reinstated quarterly dividends, yielding approximately 8%.

• Strong liquidity position with $1.8B in cash and $2.4B in total liquidity as of June 30, 2026, supporting ongoing capital commitments and growth initiatives.

• Portfolio growth is driven by value-accretive M&A and brownfield targets for low-capital-intensity mine life extensions.

Operational performance and guidance

• Full-year 2026 production guidance is 450,000 to 535,000 gold equivalent ounces (GEOs), with production strongly weighted to the fourth quarter.

• H1 2026 production was 211,873 GEOs, with H2 expected to deliver 60% of output in Q4.

• Marigold and Seabee are tracking to the low end of their site production guidance, while Puna's silver production is expected to be evenly split between Q3 and Q4.

• Cost of sales and AISC for 2026 are guided at $1,560–$1,640/oz and $2,180–$2,260/oz, respectively, for gold equivalent production.

• Growth capital guidance for 2026 increased across key assets to support mine life extension and development projects.

Asset-level highlights

• Marigold: Q2 2026 production of 31.1 koz gold at $1,980/oz cost of sales and $3,044/oz AISC; growth capital increased to $65M for Buffalo Valley expansion.

• CC&V: Q2 2026 production of 27.7 koz gold at $1,561/oz cost of sales and $1,995/oz AISC; growth capital increased to $60M for VLF2 expansion.

• Seabee: Q2 2026 production of 16.8 koz gold at $1,721/oz cost of sales and $2,358/oz AISC; growth capital increased to $35M for Porky West project.

• Puna: Q2 2026 production of 1.7 Moz silver at $28.77/oz cost of sales and $29.52/oz AISC; growth capital increased to $20M for Chinchillas extension.

• Brownfield and greenfield projects across the portfolio offer significant opportunities for mine life extensions and resource growth.