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INCOME (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
INCOME (LOSS) PER SHARE INCOME (LOSS) PER SHARE
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 SSR Mining shareholders are based on the following (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Net income (loss)$6,251 $(7,245)$(349,447)$144,135 
Net (income) loss attributable to non-controlling interest
4,306 22,404 82,615 (24,297)
Net income (loss) attributable to SSR Mining shareholders
10,557 15,159 (266,832)119,838 
Interest saving on 2019 Notes, net of tax
— — — 3,693 
Net income (loss) used in the calculation of diluted net income per share
$10,557 $15,159 $(266,832)$123,531 
 
Weighted average number of common shares issued
202,140 203,878 202,209 205,101 
Adjustments for dilutive instruments:
Restricted share units
307 — — 8 
2019 Notes
— — — 12,793 
Diluted weighted average number of shares outstanding
202,447 203,878 202,209 217,902 
 
Net income (loss) per share attributable to SSR Mining shareholders
Basic
$0.05 $0.07 $(1.32)$0.58 
Diluted
$0.05 $0.07 $(1.32)$0.57 
For the three months ended September 30, 2024, $1.2 million of interest saving on convertible notes, net of tax, and 12,951 common shares were excluded from the diluted income per common share calculation because the effect would be antidilutive.
For the nine months ended September 30, 2024, $3.7 million of interest saving on convertible notes, net of tax, 12,921 common shares, and 389 restricted share units were excluded from the diluted income per common share calculation because the Company incurred a net loss and the effect would be antidilutive.