The following is a summary of the SSR Mining Inc. (SSRM) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Third quarter production of 97,000 gold equivalent ounces at all sustaining costs of $2,065 per ounce.

• Attributable net income stood at $0.05 per share; adjusted net income per share was $0.03.

• Negative cash flow from operations totaled $1 million, with free cash flow at a negative $34 million.

Business Progress:

• Made substantial progress in the remediation at the Çöpler site with $48 million spent in Q3 and total of $103.3 million spent since April.

• Restart of the Çöpler mine is pending regulatory approvals with operations expected to restart within 20 days post-approval.

• Pursued brownfield exploration programs and progressing in engineering work at Hod Maden.

Opportunities:

• Opportunities for extending operations at Puna through potential extensions at Chinchillas and advancement of the Cortaderas target.

Risks:

• Substantial remediation costs and pending regulatory approvals required for the restart of the Çöpler mine pose significant risk factors.

• Relying on reinstatement of operating permits which could impact the restart timing and operations scale.

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