? FULL YEAR PRODUCTION OF 624,000 GOLD EQUIVALENT OUNCES AT COST OF SALES (1) OF $985 AND
AISC OF $1,339 PER OUNCE MEETS REVISED 2022 GUIDANCE (2)
? PRODUCTION GUIDANCE FOR 2023 OF 700,000 TO 780,000 GOLD EQUIVALENT OUNCES AT COST OF
SALES OF $1,055 TO $1,115 AND AISC OF $1,365 TO $1,425 PER OUNCE
? UPDATED ROLLING THREE-YEAR OUTLOOK CONTINUES TO CONFIRM 700,000 GOLD EQUIVALENT
OUNCE PLATFORM
DENVER - SSR Mining Inc. (NASDAQ/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) announces full
year 2022 production and cost of sales as well as the Company’s outlook for 2023 to 2025. In 2022, SSR Mining’s
four operating assets produced 623,819 gold equivalent ounces, delivering solid fourth quarter performance of
182,655 gold equivalent ounces and meeting the Company’s revised guidance targets. Full year 2022 cost of sales
of $985 per gold equivalent ounce and all-in sustaining costs (“AISC”) of $1,339 per gold equivalent ounce were also
in line with guidance.
The Company expects to deliver a strong and stable production base in 2023 with total production of 700,000 to
780,000 gold equivalent ounces at consolidated cost of sales of $1,055 to $1,115 per gold equivalent ounce and AISC
of $1,365 to $1,425 per gold equivalent ounce. In the updated three-year outlook, SSR Mining expects to maintain
an average production base of approximately 700,000 gold equivalent ounces per year through 2025.
Reflecting the growth opportunities within the portfolio, as evidenced by the positive exploration results announced at
Çakmaktepe Extension, Marigold, and Seabee over the last six months, the Company will increase its 2023
exploration and resource development budget by approximately 50% over 2022. The increased budget is expected
to target the acceleration of Mineral Resource conversion and mine life extension activities across the portfolio,
helping position SSR Mining to deliver a long-term production profile above 700,000 gold equivalent ounces without
significant capital investment requirements through the end of the decade.
Rod Antal, President and CEO of SSR Mining, said, “We enter 2023 with all assets operating at a steady state,
supporting our expectations for a strong year of production and free cash flow generation. We expect to deliver first
production from ??pler’s Çakmaktepe Extension project in 2023 and we are also initiating waste stripping activities
at Marigold’s Red Dot later this year, in line with Marigold’s optimized life of mine plan.
After returning approximately $350 million to shareholders over the last two years, our base dividend continues to
yield nearly 2% on an annual basis and, contingent on the gold price environment and equity valuations, we may
supplement that dividend with potential share repurchases in 2023 as we have done over the past two years. While
our free cash flow outlook remains robust, AISC are moderately higher year-over-year due to a combination of
(1) During the fourth quarter of 2022, the Company has revised the “Production costs” caption to “Cost of sales” within its Consolidated Statements of
Operations to provide a more accurate description of the costs and align with commonly used terminology by industry participants. No changes were made
to the previously reported amounts or the applicable accounting policies. Cost of sales excludes depreciation, depletion, and amortization.
(2) The Company reports non-GAAP financial measures including free cash flow, cash costs, AISC, cash costs per ounce sold and AISC per ounce sold,
which are common measures in the mining industry, to manage and evaluate its operating performance at its mines. See "Cautionary Note Regarding NonGAAP Financial Measures" for an explanation of these financial measures and a reconciliation of these financial measures to the most comparable GAAP
financial measures.
SSR Mining Inc. PAGE 2
inflationary pressures, sustaining capital commitments to develop and ramp-up the Çakmaktepe Extension project,
and capital and operating costs, including haul truck purchases, associated with the acceleration of planned waste stripping activities at Marigold’s Red Dot target.
We expect to deliver another catalyst-rich year for the business, as we continue to see additional exploration upside
across the portfolio. At ??pler, we continue to advance the C2 expansion project, while Marigold should begin to define some of the longer-term upside presented by the New Millennium, Trenton Canyon and Buffalo Valley targets.
Overall, the business is in a good position both operationally and financially as we begin 2023, and we look forward to delivering the anticipated strong production growth, free cash flow generation and capital returns to shareholders.”

Full Year 2023 Outlook
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