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ACQUISITIONS AND DIVESTITURES (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Acquisition Date Fair Value of the Consideration Transferred The Acquisition Date fair value of the consideration transferred consists of the following (in thousands):
Cash consideration (1)
$108,736 
Contingent consideration (2)
135,462 
Total Purchase Price
$244,198 
(1)Cash consideration is comprised of $100.0 million in upfront cash and an $8.7 million working capital adjustment. The working capital adjustment is preliminary as of June 30, 2025 and subject to finalization in accordance with the share purchase agreement.
(2)The fair value of the contingent consideration is based on a probability weighted discounted cash flow model. The contingent consideration is considered a Level 3 fair value measurement due to certain assumptions that are not based on observable market data (refer to Note 11 for more information). The significant assumptions include probability and timing of milestones and discount rates. The range of the undiscounted amounts the Company could be obligated to pay is between $87.5 million and $175.0 million.
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed
The following table presents the preliminary fair values of the assets acquired and liabilities assumed at the Acquisition Date (in thousands):
Assets:
Trade and other receivables
$
391 
Inventories (1)
195,993 
Prepaids and other current assets
919 
Mineral properties, plant and equipment (2)
315,918 
Total assets
$
513,221 
Liabilities:
Accounts payable
$
13,236 
Accrued and other liabilities
15,113 
Reclamation liabilities (3)
220,974 
Deferred tax liabilities (4)
19,700 
Total liabilities269,023 
Total net assets$244,198 
(1)The fair values of inventories were determined based on a net realizable value (“NRV”) approach, whereby the future estimated cash flows from sales of payable metal produced are adjusted for costs to complete. During the three months ended June 30, 2025, measurement period adjustments of $1.6 million were recorded to reflect changes in the estimated fair value.
(2)The fair value of mineral properties have been estimated using a market approach based on estimated quantities of mineral reserves and mineral resources and in-situ multiples. The fair values of plant and equipment have been estimated using a depreciated replacement cost approach. During the three months ended June 30, 2025, measurement period adjustments of $1.6 million were recorded to reflect changes in the estimated fair value.
(3)The fair value of reclamation costs is based on the expected amounts and timing of cash flows of closure activities and discounted to present value using a credit-adjusted risk-free rate as of the Acquisition Date. Key assumptions include the costs and timing of key closure activities based on the life of mine plans, including estimates and timing of monitoring and water management costs after completion of initial closure activities.
(4)Deferred income tax liabilities represent future tax expense associated with the differences between the preliminary fair value allocated to assets and liabilities and the tax basis of those assets and liabilities.
Schedule of Business Combination, Pro Forma Information
The following table provides unaudited pro forma financial information for the three and six months ended June 30, 2025 and 2024, as if CC&V had been acquired as of January 1, 2024 (in thousands):
Three Months Ended June 30,
Six Months Ended June 30,
2024
2025
2024
Revenue
$263,807 $810,231 $$553,695 
Net income attributable to SSR Mining shareholders (1)
$40,527 $184,213 $$(227,197)
(1)For the three and six months ended June 30, 2025, net income (loss) includes $5.0 million and $11.8 million, respectively, of transaction and integration costs