CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED

SEPTEMBER 30, 2021 AND 2020

(unaudited)

Contents

Consolidated Financial Statements

Condensed Consolidated Interim Statements of Financial Position Condensed Consolidated Interim Statements of Income

Condensed Consolidated Interim Statements of Comprehensive Income Condensed Consolidated Interim Statements of Cash Flows

Condensed Consolidated Interim Statements of Changes in Shareholders' Equity

Notes to the Condensed Consolidated Interim Financial Statements Note 1 - Nature of operations

Note 2 - Basis of presentation and significant accounting policies Note 3 - Areas of judgment and estimation uncertainty

Condensed Consolidated Statements of Financial Position

Note 4 - Inventories

Note 5 - Assets held for sale

Note 6 - Mineral properties, plant and equipment

Note 7 - Debt

Condensed Consolidated Statements of Income

Note 8 - Revenue

Note 9 - Income per share

Condensed Consolidated Statements of Shareholders' Equity Note 10 - Share capital and share-basedcompensation

Note 11 - Dividends

Additional Disclosures

Note 12 - Operating segments

Note 13 - Fair value measurements

Note 14 - Supplemental cash flow information

Note 15 - Subsequent event

SSR Mining Inc.

Interim Financial Statements Q3 2021 | 2

SSR Mining Inc.

Condensed Consolidated Interim Statements of Financial Position

(expressed in thousands of United States dollars) (unaudited)

September 30,

December 31,

Note

2021

2020

Current assets

Cash and cash equivalents

$

862,786

$

860,637

Marketable securities

18,783

26,748

Trade and other receivables

95,325

83,491

Inventories

4

409,281

437,379

Prepaids and other current assets

18,445

16,267

Assets held for sale

5

83,914

-

1,488,534

1,424,522

Non-current assets

Mineral properties, plant and equipment

6

3,399,969

3,565,905

Inventories - non-current

4

197,843

134,612

Restricted cash

35,295

35,288

Investments in joint ventures

5,334

7,782

Goodwill

49,786

49,786

Deferred income tax assets

2,250

4,612

Other

14,631

22,479

Total assets

$

5,193,642

$

5,244,986

Current liabilities

Accounts payable and accrued liabilities

$

156,883

$

175,984

Debt

7

71,770

71,025

Reclamation and closure cost provision

4,240

1,924

232,893

248,933

Non-current liabilities

Debt

7

271,354

319,645

Lease liabilities

116,867

117,029

Reclamation and closure cost provision

124,689

117,650

Deferred income tax liabilities

547,774

483,449

Other

5,624

18,377

Total liabilities

1,299,201

1,305,083

Shareholders' equity

Common shares

10(a)

3,106,671

3,220,795

Other reserves

10(b), 10(c)

42,585

40,570

Equity component of convertible notes

106,425

106,425

Retained earnings

170,950

58,487

Total equity attributable to equity holders of SSR Mining

3,426,631

3,426,277

Non-controlling interest

467,810

513,626

Total equity

3,894,441

3,939,903

Total liabilities and equity

$

5,193,642

$

5,244,986

The accompanying notes are an integral part of the condensed consolidated interim financial statements

Approved by the Board of Directors and authorized for issue on November 3, 2021.

"Kay Priestly"

"Rodney P. Antal"

Kay Priestly, Director

Rodney P. Antal, Director

SSR Mining Inc.

Interim Financial Statements Q3 2021 | 3

SSR Mining Inc.

Condensed Consolidated Interim Statements of Income

(expressed in thousands of United States dollars, except for per share amounts) (unaudited)

Three months ended

Nine months ended

September 30,

September 30,

Note

2021

2020

2021

2020

Revenue

8

$

322,846

$

225,412

$ 1,066,280

$

482,360

Cost of sales

Production costs

(141,453)

(110,846)

(457,810)

(249,071)

Depletion and depreciation

(59,090)

(31,340)

(183,492)

(71,103)

(200,543)

(142,186)

(641,302)

(320,174)

Income from mine operations

122,303

83,226

424,978

162,186

General and administrative expense

(11,666)

(5,879)

(33,298)

(15,556)

Share-based compensation (expense) recovery

10(b)

(1,377)

3,779

(1,915)

(2,020)

Exploration, evaluation and reclamation expense

(9,619)

(6,087)

(27,975)

(16,054)

Care and maintenance expense

12

-

(6,640)

-

(27,697)

Transaction and integration expense

(674)

(15,674)

(6,060)

(18,479)

Impairment loss on non-current assets

6

-

-

(22,338)

-

Operating income

98,967

52,725

333,392

82,380

Interest and other finance income

1,739

2,574

2,704

5,909

Interest expense and other finance costs

(8,522)

(7,200)

(25,306)

(19,210)

Other (expense) income

(3,193)

2,753

(4,617)

2,342

Foreign exchange loss

(1,874)

(1,660)

(3,268)

(803)

Income before income taxes

87,117

49,192

302,905

70,618

Income tax expense

(24,663)

(24,079)

(129,085)

(27,805)

Net income

$

62,454

$

25,113

$

173,820

$

42,813

Attributable to:

Equity holders of SSR Mining

$

57,176

$

26,754

$

164,170

$

44,454

Non-controlling interest

5,278

(1,641)

9,650

(1,641)

$

62,454

$

25,113

$

173,820

$

42,813

Net income per share attributable to equity

holders of SSR Mining

Basic

9

$0.27

$0.19

$0.76

$0.35

Diluted

9

$0.26

$0.19

$0.74

$0.34

The accompanying notes are an integral part of the condensed consolidated interim financial statements

SSR Mining Inc.

Interim Financial Statements Q3 2021 | 4

SSR Mining Inc.

Condensed Consolidated Interim Statements of Comprehensive Income

(expressed in thousands of United States dollars) (unaudited)

Three months ended

Nine months ended

September 30,

September 30,

2021

2020

2021

2020

Net income

$

62,454

$

25,113

$ 173,820

$

42,813

Other comprehensive income

Items that will not be reclassified to net income:

(Loss) gain on marketable securities at FVTOCI, net of tax

(5,000)

4,398

(6,746)

10,358

recovery (expense) of $780, ($678), $1,202 and ($1,569)

Items that may be subsequently reclassified to net income:

Unrealized gain (loss) on effective portion of derivatives, net of

249

(454)

4,935

(8,224)

tax (expense) recovery of ($48), ($262), ($1,351) and $1,303

Realized (gain) loss on derivatives reclassified to net income,

(914)

1,162

(2,182)

3,301

net of tax expense (recovery) of $258, ($306), $653 and ($924)

Total other comprehensive (loss) income

(5,665)

5,106

(3,993)

5,435

Total comprehensive income

$

56,789

$

30,219

$ 169,827

$

48,248

Attributable to:

Equity holders of SSR Mining

$

51,511

$

31,860

$ 160,177

$

49,889

Non-controlling interest

5,278

(1,641)

9,650

(1,641)

Total comprehensive income

$

56,789

$

30,219

$ 169,827

$

48,248

The accompanying notes are an integral part of the condensed consolidated interim financial statements.

SSR Mining Inc.

Interim Financial Statements Q3 2021 | 5

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SSR Mining Inc. published this content on 03 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2021 10:43:07 UTC.