Description of Ssr Mining Inc's Business Segments

The Company operates five reportable segments corresponding to its producing mine sites: Çöpler in Erzincan Province, Türkiye; Marigold in Nevada, United States; Cripple Creek & Victor (CC&V) in Colorado, United States; Seabee in Saskatchewan, Canada; and Puna in Jujuy Province, Argentina. For the year ended December 31, 2025, revenue contributions were 0% from Çöpler, 33% from Marigold, 28% from CC&V, 11% from Seabee, and 28% from Puna. The Company also conducts exploration and development activities in the United States, Argentina, Canada, and Türkiye. Principal products include gold doré produced at Çöpler, Marigold, CC&V, and Seabee, primarily sold to banks and the Central Bank of Türkiye when Çöpler is operational. Puna produces silver, lead, and zinc concentrates sold to smelters or traders for refining. In 2025, gold doré sales accounted for approximately 71% of total revenue, silver 24%, lead 3%, zinc 0%, and other products 2%. Gold doré is mainly sold to Canadian Imperial Bank of Commerce (33%), Royal Bank of Canada (13%), and National Bank of Canada (12%). Silver sales include 10% to Trafigura Trading LLC. Lead and zinc concentrates are sold under supply contracts or spot sales to smelters and traders in Asia and Europe. Market prices of gold and silver are significant factors influencing the Company's profitability.

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Composition of Ssr Mining Inc Revenues by Segments


Total from Continuing Operations	100 %	of total Revenue
Marigold	32.25 %	of total Revenue
CC V	32.05 %	of total Revenue
Seabee	4.89 %	of total Revenue
Puna	2.01 %	of total Revenue
Gold sales Marigold	32.24 %	of total Revenue
Gold sales CC V	31.65 %	of total Revenue
Gold sales Seabee	4.89 %	of total Revenue
Concentrate sales Puna	29.27 %	of total Revenue
Other Marigold	0.01 %	of total Revenue
Other CC V	0.4 %	of total Revenue
Other Seabee	0.01 %	of total Revenue
Other Puna	1.54 %	of total Revenue
Gold	123.41 %	of total Revenue
Silver	46.26 %	of total Revenue
Lead	3.08 %	of total Revenue
Zinc	0.44 %	of total Revenue
Other	1.96 %	of total Revenue
Cripple Creek & Victor Gold Mine	1.06 %	of total Revenue
Continuing Operations	1.37 %	of total Revenue
Corporate and Reconciling Items	1.09 %	of total Revenue
Other Metals	3.1 %	of total Revenue

Q1 three months ended (Mar 31 2026)
Revenues by Business Segments	Revenues (in millions $)	% (of total Revenues)
Total from Continuing Operations	581.78	100 %
Marigold	187.64	32.25 %
CC V	186.45	32.05 %
Seabee	28.45	4.89 %
Puna	11.70	2.01 %
Gold sales Marigold	187.58	32.24 %
Gold sales CC V	184.12	31.65 %
Gold sales Seabee	28.43	4.89 %
Concentrate sales Puna	170.26	29.27 %
Other Marigold	0.06	0.01 %
Other CC V	2.33	0.4 %
Other Seabee	0.04	0.01 %
Other Puna	8.98	1.54 %
Gold	717.99	123.41 %
Silver	269.11	46.26 %
Lead	17.90	3.08 %
Zinc	2.55	0.44 %
Other	11.39	1.96 %
Total	581.78	100 %
Cripple Creek & Victor Gold Mine	6.16	1.06 %
Continuing Operations	7.98	1.37 %
Corporate and Reconciling Items	6.32	1.09 %
Other Metals	18.03	3.1 %

Q1 three months ended (Mar 31 2026)
Revenue Growth rates by Segment	Y/Y Revenue %	Q/Q Revenue %
Total from Continuing Operations	83.75 %	-
Marigold	60.13 %	-
CC V	434.68 %	-
Seabee	-62.72 %	-
Puna	-86.74 %	-
Gold sales Marigold	60.13 %	-
Gold sales CC V	431.24 %	-
Gold sales Seabee	-62.73 %	-
Concentrate sales Puna	96.4 %	-
Other Marigold	68.42 %	-
Other CC V	992.96 %	-
Other Seabee	66.67 %	-
Other Puna	471.55 %	-
Gold	214.8 %	-
Silver	257.5 %	-
Lead	61.93 %	-
Zinc	595.36 %	-
Other	516.79 %	-
Total	83.75 %	-
Cripple Creek & Victor Gold Mine	-	-
Continuing Operations	-	-
Corporate and Reconciling Items	-	-
Other Metals	-	-

Q1 three months ended (Mar 31 2026)
Income by Business Segments	Income (in millions $)	% (Profit Margin)
Puna	187.72	1603.93 %
Other Seabee	21.79	54482.5 %
Total	-115.15	-
Cripple Creek & Victor Gold Mine	196.70	3195.19 %
Continuing Operations	492.13	6163.97 %
Corporate and Reconciling Items	-74.26	-

Q1 three months ended (Mar 31 2026)
Income Growth rates by Segment	Y/Y Income %	Q/Q Income %
Puna	-	-
Other Seabee	-	-
Total	-	-
Cripple Creek & Victor Gold Mine	-	-
Continuing Operations	-	-
Corporate and Reconciling Items	-	-

Annual Report on Ssr Mining Inc Divisions, Sales by Country


Concentrate sales Puna	26.58 %	of total Revenue
Other Marigold	0.27 %	of total Revenue
Other CC V	0.34 %	of total Revenue
Other Seabee	0 %	of total Revenue
Other Puna	1.62 %	of total Revenue
Gold	71.19 %	of total Revenue
Silver	23.59 %	of total Revenue
Lead	2.71 %	of total Revenue
Zinc	0.28 %	of total Revenue
Other	2.23 %	of total Revenue
Gold dor sales Marigold	32.9 %	of total Revenue
Gold dor sales CC V	27.3 %	of total Revenue
Gold dor sales Seabee	10.99 %	of total Revenue
United States	60.81 %	of total Revenue
Canada	10.99 %	of total Revenue
Argentina	28.2 %	of total Revenue

Twelve months ended 2025
SSRM s Annual Revenue by Geography and Business Segments	Sales (in millions $)	% (of total Sales)
Concentrate sales Puna	433.10	26.58 %
Other Marigold	4.37	0.27 %
Other CC V	5.53	0.34 %
Other Seabee	0.07	0 %
Other Puna	26.40	1.62 %
Gold	1,160.16	71.19 %
Silver	384.43	23.59 %
Lead	44.13	2.71 %
Zinc	4.54	0.28 %
Other	36.38	2.23 %
Total	1,629.64	100 %
Gold dor sales Marigold	536.19	32.9 %
Gold dor sales CC V	444.91	27.3 %
Gold dor sales Seabee	179.07	10.99 %
United States	991.00	60.81 %
Canada	179.14	10.99 %
Argentina	459.50	28.2 %

Twelve months ended 2025
SSRM s Annual Income by Country and Business Segments	Income (in millions $)	% (Profit Margin)
Total	362.42	22.24 %

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments	% Y/Y Sales Growth	% Y/Y Income Growth
Marigold	-	-
CC V	-	-
Seabee	-	-
Puna	-	-
Concentrate sales Puna	34.53 %	-
Other Marigold	-42.78 %	-
Other Seabee	12.5 %	-
Other Puna	207.54 %	-
Gold	76.6 %	-
Silver	41.16 %	-
Lead	-3.93 %	-
Zinc	23.38 %	-
Other	117.63 %	-
Total	63.68 %	-
Gold dor sales Marigold	33.58 %	-
Gold dor sales Seabee	-6.59 %	-
United States	142.28 %	-
Canada	-6.59 %	-
Argentina	39.02 %	-
T rkiye	-	-
Gold dor sales pler	-	-
Other pler	-	-

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