Work Continues To Advance The Restart Of Cöpler Mine

DENVER, CO - SSR Mining Inc. reported that production was 103,805 gold equivalent ounces in first quarter 2025 at Çöpler. The first quarter operating results include contributions from Cripple Creek & Victor (CC&V) for the period of February 28 to March 31, 2025, reflecting the Company’s closing of the CC&V transaction on February 28, 2025.

In the first quarter of 2025, SSR Mining reported net income attributable to SSR Mining shareholders of $58.8 million and adjusted net income attributable to SSR Mining shareholders of $61.6 million. In the first quarter of 2025, SSR Mining generated $84.8 million in operating cash flow and $39.3 million in free cash flow. Operating cash flow and free cash flow before working capital adjustments totaled $105.0 and $59.4 million, respectively.

The Company continues to work closely with the relevant authorities to advance the restart of the Çöpler mine. While SSR Mining remains confident and committed to restarting operations, at this time, the Company is not able to estimate or predict when and under what conditions operations will resume at Çöpler.

During the first quarter of 2025 Hod Maden engineering and initial site establishment efforts progressed. Additionally, SSR Mining continued to advance exploration and development activities across its portfolio in the quarter as the Company targets potential high-return, low capital intensity mine life extension opportunities at Marigold, Seabee and Puna.

Rod Antal, Executive Chairman, said, “We entered 2025 with a clear focus on operational delivery, and I am pleased that each of our assets performed well against expectations in the first quarter. We are well on track for full-year consolidated production and cost guidance, and are positioned to generate strong free cash flows through the remainder of the year.