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INCOME (LOSS) PER SHARE
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
INCOME (LOSS) PER SHARE INCOME (LOSS) PER SHARE
The Company calculates basic net income per share using, as the denominator, the weighted average number of common shares outstanding during the period. Diluted net income per share uses, as its denominator, the weighted average number of common shares outstanding during the period plus the effect of potential dilutive shares during the period.
Potential dilutive common shares include stock options, Restricted Share Units (“RSUs”), RSU Replacement Units, and convertible notes for periods in which the Company has reported net income (loss).
The calculations of basic and diluted net income per share attributable to SSR Mining shareholders for the years ended December 31 were based on the following (in thousands):
Years Ended December 31,
202220212020
Net income
$
210,428 
$
425,922 
$
157,162 
Net income attributable to non-controlling interest
(16,288)
 
(57,846)
 
(5,627)
Net income attributable to SSR Mining shareholders
194,140 
 
368,076 
 
151,535 
Interest saving on convertible notes, net of tax
4,910 
 
4,889 
 
4,883 
Net income used in the calculation of diluted net income per share
$
199,050 
$
372,965 
$
156,418 
      
Weighted average number of common shares issued209,883  215,993  151,144 
Adjustments for dilutive instruments:
 
 
 
 
 
Stock options
 
38 
 
453 
Restricted share units
39 
 
58 
 
Convertible notes
12,554 
 
12,152 
 
12,101 
Diluted weighted average number of shares outstanding
222,481 
 
228,241 
 
163,699 
      
Net income per share attributable to SSR Mining shareholders
     
Basic
$
0.92 
$
1.70 
$
1.00 
Diluted
$
0.89 
$
1.63 
$
0.96