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Çöpler Incident

On February 13, 2024, at approximately 6:30AM EST, a significant slip occurred on the Çöpler heap leach pad.

Tragically, nine individuals went unaccounted for as a result. As of May 4, 2024, five colleagues remain missing and the recovery efforts are continuing.

Our thoughts continue to be with their families and the entire Çöpler community during this incredibly difficult time.

Updates

SSR Mining Reports First Quarter 2024 Results - Çöpler Update

May 8, 2024

SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) ("SSR Mining" or the "Company") provided an update on the February 13, 2024 incident at the Çöpler mine (the "Çöpler Incident") along with its consolidated financial results for the first quarter ended March 31, 2024:

Our primary focus at Çöpler continues to be the return of our missing colleagues to their families. Following the recovery of four of our missing colleagues, recovery efforts for the five remaining individuals continue. To-date over 6.7 million tonnes of heap leach material has been relocated as part of the ongoing recovery, containment and remediation activity, including 4.2 million tonnes from the Sabırlı Valley.

SSR Mining currently expects the completion of the removal of all displaced heap leach material resulting from the Çöpler Incident out of the Sabırlı Valley and into temporary storage locations in the third quarter of 2024. Concurrently, containment efforts have been completed alongside the removal of the displaced material with the installation of a grout curtain, coffer dam and buttress as well as the ongoing installation of pumping systems and diversion channels in the Sabırlı Valley.

In parallel with the recovery and containment work, the Company is progressing a remediation plan following comprehensive consultation and evaluations with various Turkish government agencies, ministries, independent experts and external consultants. The remediation plan will be submitted for government approval in the second quarter of 2024 and will include, among other things, the construction of a permanent storage facility for the displaced heap leach material. The design of the storage facility is capable of containing the approximately 18 to 20 million tonnes of displaced material in an area referred to as the East Storage Facility (see Figure 1).

The remediation work is expected to cost between $250 to $300 million on a 100% basis, in addition to the approximately $22.5 million incurred as of March 31, 2024. The remediation efforts are expected to be implemented over a period of 24 to 36 months. With a total cash position of $467 million at the end of the first quarter 2024, ongoing cash flow from three operations, and access to an additional $400 million revolving credit facility, the Company remains well positioned to fund these remediation commitments.

As part of the remediation plan, the heap leach pad will be permanently closed and no further heap leach processing will take place at Çöpler. In order to restart the operations, the Company will require the necessary operating permits and approvals. Once all necessary regulatory approvals, including the Environmental Impact Assessment (EIA) and operating permits, are reinstated, it is anticipated that initial ore processing at Çöpler will occur exclusively through the sulfide plant, which will process stockpiled material while Çöpler's mining team remains focused on completing the recovery and remediation work. As of the end of 2023, sulfide stockpiles totaled 10.8 million tonnes of ore at a grade of 2.0 grams per tonne gold, or approximately 706,000 contained ounces. At this time, the Company is not able to estimate when and under what conditions operations will resume at Çöpler. More information related to the Çöpler Incident is included in the Company's Annual Report on Form 10-K filed on February 27, 2024 and in the Company's Quarterly Report on Form 10-Q filed on May 8, 2024. Further updates on the incident will continue to be provided through press releases and updates to the Company's website.

Contact info

All Inquiries: info@ssrmining.com or 1-888-338-0046

Shareholder & Investor Relations Inquiries: invest@ssrmining.com

Location of containment and proposed remediation infrastructure overlain on an aerial view of the Çöpler site as of May 1, 2024. (May 8, 2024 press release)

Previous Updates

May 4 2024

SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”) provides an update on the ongoing recovery efforts at the Çöpler mine in Türkiye.

In the morning of May 4, 2024, the bodies of two of our missing colleagues were found during ongoing recovery efforts in the Sabırlı Valley. The families of the deceased have been notified, along with the relevant government authorities. The recovery of the five individuals who remain missing continues to be our number one priority at Çöpler at this time. Our thoughts are with all of the families, colleagues and community members impacted by the tragic events of February 13, 2024.

Further updates on the incident will continue to be provided through press releases and updates to the Company’s website.

Cautionary Note Regarding Forward-Looking Information and Statements

Certain statements contained on this site constitute forward-looking information within the meaning of applicable securities laws. Forward-looking information may be contained on this site and other postings, press releases and public filings we make. Forward-looking information relates to statements concerning our outlook and anticipated events or results and, in some cases, can be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts.

Forward-looking information and statements on this site are based on certain key expectations and assumptions made by us. Although we believe that the expectations and assumptions on which such forward-looking information and statements are based are reasonable, undue reliance should not be placed on the forward-looking information and statements because we can give no assurance that they will prove to be correct. Forward-looking information and statements are subject to various risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results or expectations expressed on this site. You should not place undue reliance on forward-looking information. Forward-looking information are only predictions based on our current expectations and our projections about future events. Actual results may vary from such forward-looking information for a variety of reasons including, but not limited to, risks and uncertainties resulting from the incident at Çöpler described in our Annual Report on Form 10-K for the year ended December 31, 2023 and in our quarterly report on Form 10-Q for the quarter end March 31, 2024; and other risks and uncertainties disclosed in our filings on our website at www.ssrmining.com, on SEDAR at www.sedarplus.ca, on EDGAR at www.sec.gov and on the ASX at www.asx.com.au and other unforeseen events or circumstances. Other than as required by law, we do not intend, and undertake no obligation to update any forward-looking information to reflect, among other things, new information or future events

Additionally, information and statements included on this site are based on a number of material factors and assumptions, including, but not limited in any manner to, those disclosed in any other of our filings on EDGAR and SEDAR, and are subject to a number of risk and uncertainties that include, among other things, risks and uncertainties related to the Çöpler Incident associated with the overall impact of the Çöpler Incident on the financial position, results of operations and cash flows as a result of the suspension of operations, costs for remediation and potential legal liability; the outcome of any investigations conducted by the Turkish government; the possibility of environmental damage resulting from the Çöpler Incident; the impact on our ability to borrow funds under our credit agreement and access alternative sources of financing; and the impact on the trading price of our common shares.  You should review our filings on our website at www.ssrmining.com, on SEDAR at www.sedarplus.ca, on EDGAR at www.sec.gov and on the ASX at www.asx.com.au and for more information and for disclosure of other risks and uncertainties.