Contradictions Unveiled: Cripple Creek's Mine Life and Çöpler Restart Challenges in Latest Earnings Call

Strong Financial Performance:
- SSR Mining reported consolidated free cash flow of nearly $100 million in Q2 2025, driven by $98.4 million in free cash flow, an excellent result for the quarter.
- The strong performance was attributed to a full first quarter of production from Cripple Creek and Victor, as well as significant free cash flow generation from other segments in the Americas platform.

Cripple Creek and Victor Acquisition:
- Cripple Creek and Victor (CC&V) generated nearly $85 million in free cash flow since its acquisition in February 2025.
- This exceeds the initial upfront purchase price and validates the strategic rationale of the acquisition, driven by better-than-expected solution grades coming off the pad.

Çöpler Mine Restart Progress:
- SSR Mining has made significant progress in restarting the Çöpler mine, including advancing engineering plans, design documents, and closure plans.
- The company is working constructively with relevant authorities in Turkiye to address regulatory requirements, but a definitive restart timeline remains uncertain.

Puna Mine Extension:
- Puna extended its mine life at Chinchillas by an initial 3-year period to 2028.
- This extension is based on the development of a new mine plan and ongoing evaluations of additional growth opportunities like Cortaderas.