Record Production From Seabee and Puna


DENVER, CO - Rod Antal, President and CEO of SSR Mining Inc., reported that, "The second quarter of 2021 continued the strong operational and financial track record that built the reputation of SSR Mining. The Company delivered quarterly production of 199,673 gold equivalent ounces and first half production of 395,750 gold equivalent ounces, including record production from Seabee and Puna, record tonnes mined at Marigold and the continued outperformance of our flagship operation at Çopler. The strong margins further demonstrated our peer leading free cash flow yield as the Company generated $100 million of free cash flow in the quarter. That strong free cash flow supports our robust capital returns program, as we aggressively followed through on the share buyback program we announced in April, cumulatively returning approximately $125 million dollars overall to shareholders year-to-date. We continue to see opportunity for our shares to re-rate to a premium valuation that properly reflects our delivery of consistent operating performance, strong free cash flow, low capital intensity organic growth profile and sizable capital returns.

We remain at the top of our peer group with respect to balance sheet strength, and in addition to the year-to-date capital returns we are well positioned to fund our large portfolio of organic growth opportunities across Turkey, the US and Canada. At Çopler, the flotation plant construction was substantially completed during the second quarter and commissioning remains on track for Q3. A steady flow of updates are expected in the second half of the year detailing positive progress at development and exploration targets across Çopler, Marigold and Seabee."