SSR Mining Inc. reports a strong Q1 2026, showcasing impressive cash flow, strategic divestments, and growth initiatives aimed at enhancing shareholder value.

SSR Mining Inc. has reported a robust first quarter for 2026, showcasing significant financial strength and strategic advancements that position the company favorably in the competitive mining landscape. The announcement of a $1.5 billion agreement to divest its interest in the Chirpla mine underscores a strategic shift towards focused growth in the Americas, particularly in gold and silver production. With impressive free cash flow generation and a disciplined capital allocation strategy, SSR Mining is poised to enhance shareholder value through potential buybacks and ongoing operational improvements.

Financial Performance

SSR Mining's financial metrics for the first quarter of 2026 highlight a strong operational performance:

• Revenue: Nearly $600 million was generated from the sale of 113,000 ounces of gold equivalent.
• Net Income: The company reported a net income of $1.16 per diluted share and an adjusted net income of $1.15 per diluted share.
• Free Cash Flow: An impressive $211 million in free cash flow was generated, enabling a cash position of $634 million by the end of March, alongside zero debt.
• Production Costs: The all-in sustaining costs were reported at $2,433 per ounce, aligning well with the company's expectations.

Year-over-year comparisons reveal a solid trajectory for SSR Mining, with substantial increases in both revenue and cash flow, affirming the company's operational efficiency and market positioning.

Strategic Initiatives

The first quarter of 2026 not only reflected strong financials but also strategic initiatives that are set to redefine SSR Mining's approach:

• Divestment of Chirpla Mine: Announced in March, the sale for $1.5 billion is expected to close by the end of Q3 2026. This divestment will allow the company to focus on its core assets, particularly the Marigold and Cripple Creek and Victor operations.
• Share Repurchase Program: SSR Mining executed a $300 million share repurchase plan post-quarter, acquiring over 9 million shares. This underscores the company's commitment to enhancing shareholder value, having repurchased more than 29 million shares since 2021.
• Growth Opportunities: The company is pursuing various brownfield growth initiatives, including updates on the mine life plan for Marigold and potential expansions at Puna and Seabee. These initiatives are expected to create significant future value for shareholders.

“With such an important and transformational quarter behind us, our focus is now on building on this momentum during the remainder of the year,” stated Rod Antle, Executive Chairman.

Future Outlook

Looking ahead, SSR Mining's management has laid out a clear path for continued growth and operational excellence:

• Guidance: The company anticipates that 55-60% of its full-year production will occur in the second half of the year, reflecting higher-grade stacked mid-year.
• Operational Expectations: Management is optimistic about the ongoing free cash flow generation and expects to further strengthen its balance sheet with the cash from the Chirpla sale. This will provide the flexibility to pursue additional growth opportunities and potential capital returns.
• Market Positioning: SSR Mining is concentrating on becoming a low-risk, Americas-focused gold and silver producer, emphasizing sustainable practices and disciplined capital allocation.
• Potential Catalysts: Key upcoming catalysts include the updated life of mine plan for Marigold, advancements in brownfield projects, and the strategic review of Hotmadden, all of which are expected to enhance operational efficiency and shareholder value.

Conclusion

In summary, SSR Mining Inc. has reported a strong start to 2026, characterized by impressive financial performance, strategic divestments, and a clear focus on growth initiatives. With a robust balance sheet and an unwavering commitment to disciplined capital allocation, the company is well-positioned to capitalize on market opportunities in the gold and silver sectors. The anticipated closure of the Chirpla mine sale and the successful execution of growth projects will serve as critical milestones as SSR Mining continues to enhance shareholder value and solidify its leadership in the mining industry. Investors can look forward to the company’s ongoing free cash flow generation and strategic initiatives as key drivers of future success.