SSR MINING REPORTS SECOND QUARTER 2022 RESULTS

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Overig advies 03/08/2022 07:13
? ATTRIBUTABLE & ADJUSTED ATTRIBUTABLE Q2 DILUTED EPS OF $0.27 AND $0.30 PER SHARE, RESPECTIVELY
? QUARTERLY PRODUCTION OF 159,262 OUNCES AT PRODUCTION COSTS OF $986 PER OUNCE AND AISC* OF $1,267 PER OUNCE
? FIRST HALF PRODUCTION OF 333,201 OUNCES AT PRODUCTION COSTS OF $918 PER OUNCE AND AISC* of $1,177 PER OUNCE
? YEAR-TO-DATE CAPITAL RETURNS OF NEARLY $100 MILLION, A 2.8% YIELD
? COMPANY ADDED TO RUSSELL 1000® INDEX FOLLOWING SUCCESSFUL U.S. GAAP TRANSITION
? PUBLISHED FOURTH ANNUAL ESG AND SUSTAINABILITY REPORT
? CLOSED THE ACQUISITION OF TAIGA GOLD CORP. IN SASKATCHEWAN
? SUBSEQUENT TO THE QUARTER, COMPLETED THE SALE OF THE PITARRILLA PROJECT IN MEXICO
? ??PLER HEAP LEACH IMPROVEMENT INITIATIVES COMPLETED AND PENDING INSPECTION AND VERIFICATION BY REGULATORS
? RESTART OF OPERATIONS EXPECTED IN THE THIRD QUARTER FOLLOWING RECEIPT OF REQUIRED REGULATORY APPROVALS

DENVER - SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") reports consolidated
financial results for the second quarter ended June 30, 2022. In addition, the Board of Directors declared a quarterly cash
dividend of $0.07 per common share payable on September 6, 2022 to holders of record at the close of business on August
12, 2022. This dividend qualifies as an 'eligible dividend' for Canadian tax purposes.
Rod Antal, President and CEO said, "The second quarter of 2022 demonstrated the continued resilience of our globally
diversified business in the face of inflationary pressures, as our consolidated production and cost metrics tracked well
against our year-to-date targets. Our four operating assets produced 333,201 gold equivalent ounces at production costs
of $918 per ounce and AISC of $1,177 per gold equivalent ounce, showcasing solid margins with attributable net income of
$126 million and adjusted attributable net income of $133 million for the first half of the year. We are however continuing to
face increased cost pressures especially in fuel, electricity, and reagents across the business that have outpaced our various
cost mitigation efforts this year. As a result, we are reaffirming our production guidance, albeit at the bottom end of the
guidance range, and revising our cost guidance higher for the year to reflect these macroeconomic pressures and the
temporary suspension of the Çöpler mine.
The second quarter also included an update to our peer-leading capital returns program with the announcement of a Normal
Course Issuer Bid (“NCIB”). Including purchases subsequent to quarter’s end, we have already returned nearly $70 million
to shareholders under the 2022 NCIB program, in addition to the more than $30 million in quarterly dividend payments yearto-date. Combined, SSR Mining has delivered a year-to-date capital returns yield in excess of 2.8% and a minimum capital
return for the year of approximately 3.7%. Given the near-term value opportunities across the portfolio, we continue to view
the share buyback program as an accretive mechanism to return capital to our shareholders.
Importantly at Çöpler, we have completed the improvement initiatives at the heap leach pad required by Türkiye’s Ministry
of Environment, Urbanization and Climate Change (“Ministry of Environment”), and after inspection and verification by the
Regulators, we will move towards obtaining the approvals to restart operations. We remain closely aligned with the Ministry
of Environment and will provide further updates to the market as required.”

* AISC is a non-GAAP metric which is customary in the mining industry. For an explanation of AISC and a reconciliation to production costs, a comparable financial measure calculated under U.S. GAAP, see "Cautionary Note Regarding Non-GAAP Financial Measures

see & read more on
https://www.ssrmining.com/_resources/news/SSR-Mining-Reports-Second-Quarter-2022-Results.pdf



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