SSR Mining (SSRM) Mining Forum Americas 2026 summary

Portfolio and capital allocation

• Sold Çöpler in Q1 2026 for $1.49B cash and exchanged a 20% Hod Maden interest for a 4% NSR royalty.

• ~90% of assets are in the U.S. and Canada; ~90% of NAV is concentrated in the USA and Canada.

• Portfolio includes four producing mines, with a 2026 production mix of 80% gold and 20% silver; ranked as the third-largest U.S. gold producer.

• Organic growth is the near-term priority; M&A screening spans greenfields to producing assets, prioritizes Americas fit and cash generation, and applies disciplined valuation standards. A stake was taken in Phenom Resources.

2026 operations and guidance

• 2026 production guidance is 450,000–535,000 GEOs; H1 production was 211,873 GEOs, with output strongly weighted to Q4. Guidance as of August 4 was not being updated or reaffirmed.

• Marigold and Seabee were tracking to the low end of site guidance; Marigold's carbon columns and retention pond were being commissioned, and Seabee reached level 41 with high-grade ore.

• 2026 cost of sales guidance is $1,560–$1,640/oz and AISC guidance is $2,180–$2,260/oz for gold equivalent production; labor, consumables and royalties are pressuring costs, with efficiency gains pursued as offsets.

• Growth capital guidance increased for key assets: $65M at Marigold for Buffalo Valley, $60M at CC&V for VLF2, $35M at Seabee for Porky West and $20M at Puna for Chinchillas.

Mine-life growth and asset development

• Marigold's technical report update was expected in 4–6 weeks, covering three years of drilling, resource and reserve conversion, optimization, mine-life extension, DG80 and New Millennium conversions, and Buffalo Valley.

• Marigold's next five years of production are broadly unchanged; longer-term plans target a multi-decade operation, with fleet replacement and expansion intended to open ore fronts and reduce back-end loading.

• Seabee is assessing Santoy's depth and width potential, with a Porky investment decision expected in 6–9 months. Puna added four years of mine life, with further potential from pit laybacks and Cortaderas using the Pirquitas plant.

• CC&V has ~7M oz of resources; work is focused on demonstrating reserve conversion, with prior reserve constraints linked to the expansion permit process.

• The portfolio holds 7M oz of reserves, with brownfield and greenfield work focused on organic growth, resource expansion and low-capital-intensity mine-life extensions.