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Cripple Creek & Victor

Long-Lived, Established Operation With Meaningful Upside Potential

The Cripple Creek & Victor Gold Mine (“CC&V”) (100% SSRM owned) is located approximately 160 kilometers (100 miles) southwest of Denver, Colorado. Mining in the Cripple Creek district dates back to the 1890’s, with large-scale surface mining commencing in 1994. CC&V is an epithermal gold deposit associated with alkalic intrusive rocks mined via conventional open pit mining methods. All of the current Mineral Reserves are oxides, which are stacked on valley leach facilities as either run of mine (“ROM”) material or after a two-stage crush. SSR Mining completed the acquisition of CC&V on February 28, 2025. On November 10, 2025, SSR Mining announced the results of the 2025 CC&V Technical Report Summary ("2025 CC&V TRS").

Highlights of 2025 CC&V TRS include:

  • After-tax NPV5% of $824 million at consensus gold prices averaging $3,240 per ounce over the life of mine
    • After-tax NPV5% increases to approximately $1.5 billion at a gold price of $4,000 per ounce
  • 12-year mine life, 26 years of total production based on 2.8 million ounces of gold Mineral Reserves
  • Average annual production of 141,000 ounces of gold over the three-year period from 2026 to 2028
    • Over the same three-year period, annual after-tax operating cash flow and free cash flow averages $196 million, and $128 million, respectively, based on consensus gold prices (1)
      • At a gold price of $4,000 per ounce, annual after-tax operating cash flow and free cash flow from 2026 to 2028 averages $235 million and $168 million, respectively
  • Measured & Indicated Mineral Resources, exclusive of Mineral Reserves, total 4.8 million ounces of gold with an additional 2.0 million ounces of Inferred Mineral Resources, highlighting potential for future growth
    • The gold prices used in the calculation of CC&V Mineral Reserves and Mineral Resources are $1,700/oz and $2,000/oz, respectively. These gold price assumptions are unchanged from CC&V’s prior Mineral Reserve and Mineral Resource statement as of December 31, 2024
  • Based on the upfront $100 million cash payment in February 2025, upcoming contingent payments, realized mine site after-tax free cash flow and the TRS free cash flow projections, the acquisition of CC&V has an implied after-tax transaction IRR in excess of 100%

For additional information regarding the CC&V Transaction, please see our press release titled “SSR Mining Announces the Acquisition of Cripple Creek & Victor Gold Mine From Newmont” dated December 6, 2024.

The CC&V Technical Report Summary (“TRS”) is expected to be included as an exhibit to our Current Report on Form 8-K that we file with the SEC by November 14, 2025 and will be available for review on EDGAR at sec.gov at that time. The press release titled “SSR Mining Announces Initial 12 Year Life of Mine Plan for CC&V With an NPV5% of $824M and Potential for Further Mineral Reserve Conversion” dated November 10, 2025 does not purport to be a complete summary of the CC&V TRS and is qualified in its entirety by reference to the CC&V TRS that we will file with the SEC. You should read that press release in conjunction with the CC&V TRS, including the qualifications and limitations described therein, as there may be information in the CC&V TRS that may be important.

This page contains forward-looking statements. Please see the following link: Legal.

  1. The Company reports non-GAAP financial measures including after-tax free cash flow to manage and evaluate its operating performance at its mines. See the press release titled “SSR Mining Announces Initial 12 Year Life of Mine Plan for CC&V With an NPV5% of $824M and Potential for Further Mineral Reserve Conversion” dated November 10, 2025 for an explanation of this financial measure to the most comparable GAAP financial measures.
  2. Please see “Supplemental Mineral Reserve and Mineral Resource Information” at the end of the press release titled “SSR Mining Announces Initial 12 Year Life of Mine Plan for CC&V With an NPV5% of $824M and Potential for Further Mineral Reserve Conversion” dated November 10, 2025  for additional details. Mineral Resources are exclusive of Mineral Reserves.