SSR MINING INC. Q3 FY2024 earnings call

Çöpler Incident Update - Recovered all 9 missing colleagues; all planned containment infrastructure installed, no recordable contamination; spent $48M on remediation in Q3 with total spend since April 1 at $103.3M; investigation into root cause ongoing with no material non-conformance found; working on restart permits. ### Financial Results - Attributable net income $0.05 per share in Q3, adjusted net income $0.03 per share; cash from operations negative $1M, free cash flow negative $34M; ended quarter with $334M cash, $104M net cash, $834M total liquidity. ### Operational Highlights - Marigold on track for full year production; Seabee restarted after forest fires; Puna with record throughputs; brownfield exploration at Marigold, Seabee, Puna ongoing; site establishment at Hod Maden progressing.

Marigold: Third quarter production was 48,000 ounces. It remains on track to meet full year production guidance of 155,000 to 175,000 ounces but expects increased full year costs due to higher royalty costs and maintenance component costs. Seabee: Third quarter production was 10,000 ounces. It was placed into temporary care and maintenance due to forest fires on August 21 and restarted on October 11. Full year 2024 guidance is now 65,000 to 70,000 ounces at AISC of $17.25 per ounce to $17.55 per ounce. Puna: Third quarter produced 2.9 million ounces of silver. It is expected to produce 10 million to 10.5 million ounces of silver in 2024, with AISC of $15.37 per ounce in the third quarter.

Marigold - Full year production guidance 155,000 to 175,000 ounces but increased costs due to royalties and maintenance. ### Seabee - Full year guidance 65,000 to 70,000 ounces at AISC $17.25 to $17.55 per ounce. ### Puna - Expected to produce 10 million to 10.5 million ounces of silver in 2024. ### Çöpler - Remediation estimated to cost $250M to $300M, take 24 to 36 months; anticipate restart within 20 days of regulatory approvals.

- Çöpler remediation depends on regulatory approvals for permanent storage facility. ### - Potential delays in Çöpler restart due to ongoing regulatory discussions. ### - Operational risks related to forest fires impacting Seabee operations.

Q: About Çöpler remediation, what approvals are needed for the permanent storage facility?

A: Need to consult with government, define engineering, meet Turkish regulations; location chosen, engineering progressing, discussions with regulators ongoing, expect early next year approvals.

Q: Restart of Çöpler, will it be at 6,000 tons per day as per 2012 EIA?

A: Default is back to 2014 EIA limiting to 6,000 tons per day unless administrative appeals successful; plan accordingly, will refresh EIA next year.

Q: Can restart of Çöpler happen while remediation is ongoing?

A: Restart not dependent on all remediation complete; conversations with government continue, remediation efforts are precursor to restart discussions.