SSR Mining Provides Update on Seabee

Rhea-AI Summary

SSR Mining Inc. (Nasdaq/TSX: SSRM, ASX: SSR) has announced that its Seabee operations will restart in the second half of October. The fire activity near the site has significantly reduced and is being actively managed. Following the evacuation on August 21, 2024, a small team remained on site to assist with fire protection activities.

While the process plant and Santoy mine were not materially impacted, some remote equipment, including power poles, piping, and exploration equipment, was damaged. Employees have been cleared to return to the site to begin repairs. The company will update Seabee's production and cost guidance with its third quarter 2024 financial results.

Positive

• Seabee operations set to restart in second half of October
• Process plant and Santoy mine not materially impacted by fires
• Fire activity has significantly reduced in the vicinity of operations

Negative

• Remote equipment including power poles, piping, and exploration equipment damaged
• Seabee's production and cost guidance to be updated, potentially indicating changes due to the fire incident

DENVER--(BUSINESS WIRE)-- SSR Mining Inc. (Nasdaq/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") announces that Seabee will restart in second half of October. The fire activity has significantly reduced in the direct vicinity of the Seabee operations and is being actively managed. Following the Seabee evacuation on August 21, 2024, a small number of employees remained on site to manage the situation and assist the Saskatchewan Public Safety Agency (the “SPSA”) in fire protection activities. We would like to extend our gratitude to our team that assisted on site following the evacuation, as well as the SPSA teams that helped protect the infrastructure at Seabee.

While the process plant and Santoy mine were not materially impacted by the fires, remote equipment including power poles, piping, and exploration equipment was damaged. As a result of the reduced fire risk at site, employees have been cleared to return to the site in order to begin repairs to the damaged items.

Seabee’s production and cost guidance will be updated with the Company’s third quarter 2024 financial results.

About SSR Mining

SSR Mining is listed under the ticker symbol SSRM on the Nasdaq and the TSX, and SSR on the ASX.

Cautionary Note Regarding Forward-Looking Information

Except for statements of historical fact relating to us, certain statements contained in this news release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information may be contained in this document and our other public filings. 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 in this news release 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 in this news release.

Forward-looking information and statements in this news release include any statements concerning, among other things: forecasts and outlook; the impact of any suspensions on operations; the timing and amount of future production; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced by future events or conditions.

The above list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. You should not place undue reliance on forward-looking information and statements. Forward-looking information and statements 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 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. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240922598554/en/

SSR Mining

SSR Mining Inc.

E-Mail: invest@ssrmining.com

Phone: +1 (888) 338-0046

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Source: SSR Mining Inc.

FAQ

When will SSR Mining's Seabee operations restart after the fire incident?

SSR Mining (SSRM) has announced that Seabee operations will restart in the second half of October 2024.

What damage did the fire cause to SSR Mining's Seabee site?

While the process plant and Santoy mine were not materially impacted, remote equipment including power poles, piping, and exploration equipment was damaged at SSR Mining's (SSRM) Seabee site.

When will SSR Mining (SSRM) update Seabee's production and cost guidance?

SSR Mining will update Seabee's production and cost guidance with the company's third quarter 2024 financial results.

What actions did SSR Mining take during the Seabee site evacuation?

Following the Seabee evacuation on August 21, 2024, SSR Mining (SSRM) kept a small number of employees on site to manage the situation and assist the Saskatchewan Public Safety Agency in fire protection activities.