INCOME (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2025

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 dilutive potential common shares during the period.

Dilutive potential common shares include stock options, Restricted Share Units (“RSUs”), and convertible notes.

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 March 31,
	2025		2024
Net income (loss)	$	54,446	$	(358,162)
Net (income) loss attributable to non-controlling interest		4,335		71,080
Net income (loss) attributable to SSR Mining shareholders		58,781		(287,082)
Interest saving on 2019 Notes, net of tax		1,232		—
Net income (loss) used in the calculation of diluted net income per share	$	60,013	$	(287,082)

Weighted average number of common shares issued		202,420		202,355
Adjustments for dilutive instruments:

Restricted share units		1,145		—
2019 Notes		12,981		—
Diluted weighted average number of shares outstanding		216,546		202,355

Net income (loss) per share attributable to SSR Mining shareholders
Basic	$	0.29	$	(1.42)
Diluted	$	0.28	$	(1.42)

For the three months ended March 31, 2024, $1.2 million of interest saving on convertible notes, net of tax, and 12,921 shares were excluded from the diluted income per common share calculation because the effect would be antidilutive.