v3.26.1
HELD FOR SALE AND DISCONTINUED OPERATIONS
6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
HELD FOR SALE AND DISCONTINUED OPERATIONS HELD FOR SALE AND 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 June 30,Six Months Ended June 30,
2026202520262025
Operating costs and expenses:
Depreciation, depletion, and amortization
$65 $33 $140 $65 
Exploration and evaluation
519 747 1,381 1,651 
Reclamation and remediation costs
594 63,541 1,486 64,156 
Loss on divestiture of Çöpler (1)
(798)— 337,431 — 
Loss on deconsolidation of Artmin17,474 — 17,474 — 
Care and maintenance (2)
23,202 36,714 59,843 72,509 
Other operating expense (income), net
879 (41,843)4,824 (39,265)
Operating income (loss)
(41,935)(59,192)(422,579)(99,116)
Other income (expense):
Interest expense
(780)(1,642)(2,395)(3,219)
Other income (expense)
(1,156)213 (961)275 
Foreign exchange gain (loss)(631)25 (3,323)(1,397)
Total other income (expense)
(2,567)(1,404)(6,679)(4,341)
Income (loss) before income and mining taxes(44,502)(60,596)(429,258)(103,457)
Income and mining tax benefit (expense)— 9,051 19,297 22,013 
Equity income (loss) of affiliates
(77)(76)(442)(286)
Net income (loss) from discontinued operations
(44,579)(51,621)(410,403)(81,730)
Net loss (income) from discontinued operations attributable to non-controlling interest
4,851 9,713 13,553 14,048 
Net income (loss) from discontinued operations attributable to SSR Mining shareholders
$(39,728)$(41,908)$(396,850)$(67,682)
(1)A total net loss of $337.4 million was recognized on the Çöpler divestiture since designation as held for sale in the first quarter of 2026, including a $338.2 million write-down of Çöpler to fair value less costs to sell in the first quarter of 2026 and a $0.8 million loss reversal in the second quarter of 2026.
(2)For the three months ended June 30, 2026 and 2025, care and maintenance expense represents $23.2 million and $21.8 million, respectively, of direct costs, excluding costs associated with environmental reclamation and remediation, and nil and $14.9 million, respectively, of depreciation incurred during the suspension of operations at Çöpler.
For the six months ended June 30, 2026 and 2025, care and maintenance expense represents $44.9 million and $42.4 million, respectively, of direct costs, excluding costs associated with environmental reclamation and remediation, and $14.9 million and $30.1 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 as of June 30, 2026 and December 31, 2025 (in thousands):
June 30, 2026
December 31, 2025 (1)
Assets held for sale:
Cash and cash equivalents
$— $19,273 
Trade and other receivables
— 3,102 
Equity method investments
— 142 
Inventories
— 27,522 
Prepaids and other current assets
— 11,824 
Prepaids, related party
— 23,549 
Total current assets held for sale
— 85,412 
 
Other receivables, related party
158,656 — 
Mineral properties, plant and equipment, net
— 3,108,839 
Inventories
— 274,919 
Equity method investments
105,468 — 
Other non-current assets
— 6,867 
Total assets held for sale
$264,124 $3,476,037 
Liabilities held for sale:
Accounts payable
$— $15,449 
Accrued liabilities and other
— 16,005 
Reclamation and remediation liabilities
— 25,379 
Finance lease liabilities
— 5,012 
Current portion of debt, related party
— 11,000 
Total current liabilities held for sale
— 72,845 
Debt, related party
— 51,419 
Finance lease liabilities
— 76,344 
Reclamation and remediation liabilities
— 207,081 
Deferred income tax liabilities
— 162,435 
Contingent consideration liabilities
— 30,774 
Other non-current liabilities
— 3,063 
Total liabilities held for sale
$— $603,961 
Non-controlling interest
$— $806,481 
(1)The consolidated assets as of December 31, 2025 include $3,467.5 million of assets of variable interest entities (“VIEs”) that can only be used to settle the obligations of the VIEs. As of December 31, 2025, the assets include Cash and cash equivalents of $15.4 million; Trade and other receivables of $3.0 million; Inventories, current of $27.5 million; Prepaids and other current assets of $12.4 million; Prepaids, related party of $23.5 million; Mineral properties, plant and equipment, net of $3,105.9 million; Inventories, non-current of $274.9 million; and Other non-current assets of $4.9 million. The consolidated liabilities as of December 31, 2025 include $570.3 million of liabilities of VIEs whose creditors have no recourse to the Company. As of December 31, 2025, the liabilities include Accounts payable of $15.3 million; Accrued liabilities and other of $13.8 million; Reclamation and remediation liabilities, current of $25.4 million; Finance lease liabilities, current of $5.0 million; Current portion of debt, related party of $11.0 million; Debt, related party, non-current of $51.4 million; Finance lease liabilities, non-current of $76.3 million; Reclamation and remediation liabilities, non-current of $207.1 million; Deferred income tax liabilities of $162.4 million; and Other non-current liabilities of $2.6 million.