INCOME (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2023

The Company calculates basic net income (loss) per share using, as the denominator, the weighted average number of common shares outstanding during the period. Diluted net income (loss) 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”), and convertible notes for periods in which the Company has reported net income (loss).

The calculations of basic and diluted net income (loss) per share attributable to stockholders of the Company for the three months ended March 31, 2023 and 2022 are based on the following (in thousands):


	Three Months Ended March 31,
	2023		2022
Net income (loss)	$	29,004	$	76,106
Net (income) loss attributable to non-controlling interest		809		(8,543)
Net income (loss) attributable to shareholders of SSR Mining		29,813		67,563
Interest saving on 2019 Notes, net of tax		1,221		1,215
Net income (loss) used in the calculation of diluted net income per share	$	31,034	$	68,778

Weighted average number of common shares outstanding		206,778		212,423
Adjustments for dilutive instruments:
Stock options		—		9
Restricted share units		14		88
2019 Notes		12,611		12,216
Diluted weighted average number of shares outstanding		219,403		224,736

Net income (loss) per share attributable to common shareholders
Basic	$	0.14	$	0.32
Diluted	$	0.14	$	0.31