SSR Mining : 2nd Quarter 2021 Financial Statements

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED

JUNE 30, 2021 AND 2020

(unaudited)

Contents

Consolidated Financial Statements

Condensed Consolidated Interim Statements of Financial Position Condensed Consolidated Interim Statements of Income (Loss) 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 - Mineral properties, plant and equipment

Note 6 - Debt

Condensed Consolidated Statements of Income

Note 7 - Revenue

Note 8 - Income (loss) per share

Condensed Consolidated Statements of Shareholders' Equity Note 9 - Share capital and share-basedcompensation

Note 10 - Dividends

Additional Disclosures

Note 11 - Operating segments

Note 12 - Fair value measurements

Note 13 - Supplemental cash flow information

Note 14 - Subsequent event

SSR Mining Inc.

Interim Financial Statements Q2 2021 | 2

SSR Mining Inc.

Condensed Consolidated Interim Statements of Financial Position

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

			June 30,		December 31,
	Note		2021		2020
Current assets
Cash and cash equivalents		$	870,359	$	860,637
Marketable securities			20,749		26,748
Trade and other receivables			115,809		83,491
Inventories	4		420,400		437,379
Prepaids and other current assets			18,471		16,267
			1,445,788		1,424,522
Non-current assets
Mineral properties, plant and equipment	5		3,494,691		3,565,905
Inventories - non-current	4		177,505		134,612
Restricted cash			35,293		35,288
Investments in joint ventures			5,991		7,782
Goodwill			49,786		49,786
Deferred income tax assets			2,455		4,612
Other			22,827		22,479
Total assets		$	5,234,336	$	5,244,986
Current liabilities
Accounts payable and accrued liabilities		$	152,645	$	175,984
Debt	6		72,042		71,025
Reclamation and closure cost provision			3,489		1,924
			228,176		248,933
Non-current liabilities
Debt	6		286,729		319,645
Lease liabilities			116,314		117,029
Reclamation and closure cost provision			122,354		117,650
Deferred income tax liabilities			537,184		483,449
Other			5,417		18,377
Total liabilities			1,296,174		1,305,083
Shareholders' equity
Common shares	9(a)		3,171,841		3,220,795
Other reserves	9(b), 9(c)		48,070		40,570
Equity component of convertible notes			106,425		106,425
Retained earnings			131,914		58,487
Total equity attributable to equity holders of SSR Mining			3,458,250		3,426,277
Non-controlling interest			479,912		513,626
Total equity			3,938,162		3,939,903
Total liabilities and equity		$	5,234,336	$	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 August 4, 2021.

"Beverlee F. Park"		"Rodney P. Antal"
Beverlee F. Park, Director		Rodney P. Antal, Director

SSR Mining Inc.

Interim Financial Statements Q2 2021 | 3

SSR Mining Inc.

Condensed Consolidated Interim Statements of Income (Loss)

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

			Three months ended		Six months ended
			June 30,			June 30,
	Note		2021		2020		2021		2020
Revenue	7	$	376,950	$	92,485	$	743,434	$	256,948
Cost of sales
Production costs			(158,865)		(47,180)		(316,357)		(138,225)
Depletion and depreciation			(63,230)		(11,128)		(124,402)		(39,763)
			(222,095)		(58,308)		(440,759)		(177,988)
Income from mine operations			154,855		34,177		302,675		78,960
General and administrative expense			(9,765)		(3,784)		(21,632)		(9,677)
Share-based compensation expense	9(b)		(5,045)		(9,367)		(538)		(5,799)
Exploration, evaluation and reclamation expense			(10,401)		(3,605)		(18,356)		(9,967)
Care and maintenance expense	11		-		(19,727)		-		(21,057)
Transaction and integration expense			(894)		(2,805)		(5,386)		(2,805)
Impairment loss on non-current assets	5		(22,338)		-		(22,338)		-
Operating income (loss)			106,412		(5,111)		234,425		29,655
Interest and other finance income			495		938		965		3,335
Interest expense and other finance costs			(8,839)		(5,044)		(16,784)		(12,010)
Other income (expense)			756		969		(1,424)		(411)
Foreign exchange (loss) gain			(970)		(301)		(1,394)		857
Income (loss) before income taxes			97,854		(8,549)		215,788		21,426
Income tax (expense) recovery			(46,250)		2,273		(104,422)		(3,726)
Net income (loss)		$	51,604	$	(6,276)	$	111,366	$	17,700
Attributable to:
Equity holders of SSR Mining		$	54,014	$	(6,276)	$	106,994	$	17,700
Non-controlling interest			(2,410)		-		4,372		-
		$	51,604	$	(6,276)	$	111,366	$	17,700
Net income (loss) per share attributable to
equity holders of SSR Mining
Basic	8		$0.25		($0.05)		$0.49		$0.14
Diluted	8		$0.24		($0.05)		$0.48		$0.14

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

SSR Mining Inc.

Interim Financial Statements Q2 2021 | 4

SSR Mining Inc.

Condensed Consolidated Interim Statements of Comprehensive Income

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

	Three months ended	Six months ended
		June 30,	June 30,
		2021		2020	2021		2020
Net income (loss)	$	51,604	$	(6,276)	$ 111,366	$	17,700
Other comprehensive income
Items that will not be reclassified to net income:
(Loss) gain on marketable securities at FVTOCI, net of tax		(1,049)		19,457	(1,746)		5,960
recovery (expense) of $313, ($3,273), $422 and ($891)
Items that may be subsequently reclassified to net income:
Unrealized gain (loss) on effective portion of derivatives, net of
tax (expense) recovery of ($577), ($1,067), ($1,303) and		2,104		1,509	4,686		(7,770)
$1,565
Realized (gain) loss on derivatives reclassified to net income,		(1,121)		1,918	(1,268)		2,139
net of tax expense (recovery) of $332, ($511), $395 and ($573)
Total other comprehensive (loss) income		(66)		22,884	1,672		329
Total comprehensive income	$	51,538	$	16,608	$ 113,038	$	18,029
Attributable to:
Equity holders of SSR Mining	$	53,948	$	16,608	$ 108,666	$	18,029
Non-controlling interest		(2,410)		-	4,372		-
Total comprehensive income	$	51,538	$	16,608	$ 113,038	$	18,029

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

SSR Mining Inc.

Interim Financial Statements Q2 2021 | 5