v3.26.1
HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Operating, Investing and Financing Cash Flow Information for Discontinued Operations
The following table presents the results of operations for discontinued operations, as reported in the Company’s Condensed Consolidated Statements of Operations for the periods presented (in thousands):
Three Months Ended
March 31,
20262025
Operating costs and expenses:
Exploration and evaluation
$862 $904 
Reclamation and remediation costs
892 615 
Adjustment to fair value (1)
338,229 — 
Care and maintenance (2)
36,641 35,795 
Other operating expense (income), net
3,945 2,578 
Operating income (loss)
(380,569)(39,892)
Other income (expense):
Interest expense
(1,615)(1,577)
Other income (expense)
236 71 
Foreign exchange gain (loss)106 (422)
Total other income (expense)
(1,273)(1,927)
Income (loss) before income and mining taxes(381,842)(41,819)
Income and mining tax benefit (expense)16,874 7,301 
Equity income (loss) of affiliates
(365)(210)
Net income (loss) from discontinued operations
(365,333)(34,728)
Net loss (income) from discontinued operations attributable to non-controlling interest
6,407 7,808 
Net income (loss) from discontinued operations attributable to SSR Mining shareholders
$(358,926)$(26,920)
(1)Represents the write-down of the Çöpler disposal group to fair value less costs to sell as of the held for sale date.
(2)For the three months ended March 31, 2026 and 2025, care and maintenance expense represents $21.7 million and $20.6 million, respectively, of direct costs, excluding costs associated with environmental reclamation and remediation, and $14.9 million and $15.2 million, respectively, of depreciation incurred during the suspension of operations at Çöpler.
The following table presents the major classes of assets and liabilities classified as held for sale, as reported in the Company’s Condensed Consolidated Balance Sheets for the periods presented (in thousands):
March 31, 2026December 31, 2025
Assets held for sale:
  
Cash and cash equivalents
$3,662 $10,085 
Inventories
300,853 27,521 
Prepaids and other current assets
8,206 4,617 
Mineral properties, plant and equipment, net
1,947,232 — 
 Total current assets held for sale
2,259,953 42,223 
 
Mineral properties, plant and equipment, net
— 2,297,532 
Inventories
— 274,919 
Other non-current assets
— 2,545 
Total assets held for sale (1)
$2,259,953 $2,617,219 
 
Liabilities held for sale:
Accounts payable
$9,958 $11,653 
Accrued liabilities and other
10,022 11,935 
Reclamation and remediation liabilities
230,042 25,379 
Finance lease liabilities
80,120 5,012 
Current portion of debt, related party
11,000 11,000 
Deferred income tax liabilities
72,085 — 
Other current liabilities
2,486 — 
Total current liabilities held for sale
415,713 64,979 
 
Finance lease liabilities
— 76,344 
Reclamation and remediation liabilities
— 207,081 
Deferred income tax liabilities
— 88,961 
Other non-current liabilities
— 3,063 
Total liabilities held for sale (1)
$415,713 $440,428 
Non-controlling interest
$352,803 $359,210 
(1)The total assets held for sale as of March 31, 2026 and December 31, 2025 include $2,250.7 million and $2,608.7 million, respectively, of assets of VIEs that can only be used to settle the obligations of the VIEs. As of March 31, 2026 and December 31, 2025, the assets include Cash and cash equivalents of $1.3 million and $6.2 million, respectively; Trade and other receivables of $0.1 million and nil, respectively; Inventories, current of $300.8 million and $27.5 million, respectively; Prepaids and other current assets of $6.5 million and $5.2 million, respectively; Mineral properties, plant and equipment, net of $1,942.0 million and $2,294.6 million, respectively; Inventories, non-current of nil and $274.9 million, respectively; and Other non-current assets of nil and $0.3 million, respectively. The total liabilities held for sale as of March 31, 2026 and December 31, 2025 include $413.1 million and $437.5 million, respectively, of liabilities of VIEs whose creditors have no recourse to the Company. As of March 31, 2026 and December 31, 2025, the liabilities include Accounts payable of $9.8 million and $11.5 million, respectively; Accrued liabilities and other of $26.1 million and $25.7 million, respectively; Reclamation and remediation liabilities, current of $230.0 million and $25.4 million, respectively; Finance lease liabilities, current of $75.1 million and nil, respectively; Deferred income tax liabilities, current of $72.1 million and nil, respectively; Reclamation and remediation liabilities, non-current of nil and $207.1 million, respectively; Finance lease liabilities, non-current of nil and $76.3 million, respectively; Deferred income tax liabilities, non-current of nil and $88.9 million, respectively; and Other non-current liabilities of nil and $2.6 million, respectively.