SSR MINING INC. Q1 FY2025 earnings call

• Rod Antal noted the first quarter marked a strong start for SSR with all operations performing well, including successful CC&V transaction close and smooth integration. • Michael Sparks highlighted first quarter financial results including $85 million operating cash flow, $39 million free cash flow, and over $800 million liquidity. • Bill MacNevin discussed: Marigold's production and exploration efforts; CC&V's successful integration and production; Seabee's strong start and exploration; Puna's silver production and mine life extension work; Hod Maden's $12 million spend in Q1 and progress towards construction decision; and Copler's restart progress.

Marigold produced 39,000 ounces in the first quarter with an ASIC of $1,765 per ounce. Cripple Creek and Victor (CC&V) produced 39.3 thousand ounces of gold in Q1, with March production at 11,000.3 kilowatts and an ASIC of $1,774. Seabee produced 26,000 ounces in Q1 at an ASIC of $1,374 per ounce. Puna produced 2.5 million ounces of silver in Q1 with an ASIC of $13.16 per ounce. Hod Maden spent approximately $12 million in the first quarter on initial site establishment and technical work.

• 2025 production expected to be between 410,000 and 480,000 gold equivalent ounces with ASIC of $2,090 to $2,150 per ounce (excluding Copler care and maintenance costs at $1,890 to $1,950 per ounce). • Hod Maden capital spend forecasted to be $60 million to $100 million as it progresses towards construction decision.

• Uncertainty around permits for Copler restart. • Inflationary pressures affecting Hod Maden capital estimates.

Q: About Cripple Creek and Victor's technical report timing and content.

A: Bill MacNevin said they're working to get the technical report out in Q3.

Q: On Hod Maden's CapEx velocity.

A: Rod Antal said spend will escalate beyond Q1 as contracts for civil works and tunnel access are tendered, ramping up in Q3 and beyond.

Q: On connection between Hod Maden and Copler.

A: Rod Antal said they are separate projects with no direct linkage in terms of government permits or progress.