INCOME (LOSS) PER SHARE

6 Months Ended

Jun. 30, 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 shareholders of the Company for the three and six months ended June 30, 2023 and 2022 are based on the following (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net income (loss)	$	122,376	$	67,519	$	151,380	$	143,625
Net (income) loss attributable to non-controlling interest		(47,510)		(9,031)		(46,701)		(17,574)
Net income (loss) attributable to SSR Mining shareholders		74,866		58,488		104,679		126,051
Interest saving on 2019 Notes, net of tax		1,236		1,230		2,456		2,446
Net income (loss) used in the calculation of diluted net income per share	$	76,102	$	59,718	$	107,135	$	128,497

Weighted average number of common shares outstanding		204,680		212,600		205,723		212,512
Adjustments for dilutive instruments:
Stock options		—		7		—		6
Restricted share units		16		110		13		91
2019 Notes		12,624		12,367		12,611		12,353
Diluted weighted average number of shares outstanding	$	217,320	$	225,084	$	218,347	$	224,962

Net income (loss) per share attributable to SSR Mining shareholders
Basic	$	0.37	$	0.28	$	0.51	$	0.59
Diluted	$	0.35	$	0.27	$	0.49	$	0.57