v3.26.1
ACQUISITIONS AND DIVESTITURES (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Acquisition Date Fair Value of the Consideration Transferred The Acquisition Date fair value of the consideration transferred consists of the following (in thousands):
Cash consideration (1)
$105,960 
Contingent consideration (2)
141,764 
Total Purchase Price
$247,724 
(1)Cash consideration is comprised of $100.0 million in upfront cash and a $6.0 million working capital adjustment.
(2)The fair value of the contingent consideration is based on a probability weighted discounted cash flow model. The contingent consideration is considered a Level 3 fair value measurement due to certain assumptions that are not based on observable market data (refer to Note 11 for additional information). The significant assumptions include probability and timing of milestones and discount rates. The range of the undiscounted amounts the Company could be obligated to pay is between $87.5 million and $175.0 million.
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the final purchase price allocation for the acquisition of CC&V (in thousands):
Assets:
Trade and other receivables
$
391 
Inventories (1)
190,350 
Prepaids and other current assets
919 
Mineral properties, plant and equipment (2)
325,357 
Total assets
$
517,017 
Liabilities:
Accounts payable
$
13,177 
Accrued and other liabilities
15,442 
Reclamation liabilities (3)
220,974 
Deferred tax liabilities (4)
19,700 
Total liabilities269,293 
Total net assets$247,724 
(1)The fair values of inventories were determined based on a net realizable value (“NRV”) approach, whereby the future estimated cash flows from sales of payable metal produced are adjusted for costs to complete.
(2)The fair value of mineral properties has been estimated using a market approach based on estimated quantities of mineral reserves and mineral resources and in-situ multiples. The fair values of plant and equipment have been estimated using a depreciated replacement cost approach.
(3)The fair value of reclamation costs is based on the expected amounts and timing of cash flows of closure activities and discounted to present value using a credit-adjusted risk-free rate as of the Acquisition Date. Key assumptions include the costs and timing of key closure activities based on the life of mine plans, including estimates and timing of monitoring and water management costs after completion of initial closure activities.
(4)Deferred income tax liabilities represent future tax expense associated with the differences between the fair value allocated to assets and liabilities and the tax basis of those assets and liabilities.
Schedule of Business Combination, Pro Forma Information
The following table provides unaudited pro forma financial information for the three months ended March 31, 2025, as if CC&V had been acquired as of January 1, 2024 (in thousands):
Three Months Ended March 31,
2025
Revenue
$404,776 
Net income attributable to SSR Mining shareholders (1)
$94,136 
(1)For the three months ended March 31, 2025, net income includes $6.8 million of transaction and integration costs.