SSR Mining (SSRM)

Risks

• Risks Related to the Company's Operations and Business
• Changes in the market prices of gold, silver and other metals, which in the past have fluctuated widely, will affect the Company’s operations.
• Epidemics, pandemics or other public health crises, including COVID-19, could adversely affect the Company’s business.
• The Company may be unable to replace its mineral reserves or acquire additional commercially mineable mineral rights.
• The Company’s estimates of mineral reserves and mineral resources are based on interpretation and assumptions and may yield less mineral production under actual conditions than is currently estimated.
• Increased operating and capital costs could affect the Company's profitability.
• The Company's operations may be adversely affected by rising energy prices or energy shortages.
• Supply chain and other disruptions could adversely affect the Company's business.
• Continuation of the Company's mining production is dependent on the availability of sufficient water supplies to support our mining operations.
• The Company may be exposed to future development risks.
• Land reclamation, mine closure and remediation requirements and costs may be burdensome and actual environmental and asset retirement obligations may exceed estimates and reserves.
• The Company is subject to certain transportation risks that could have a negative impact on the Company’s ability to operate.
• The Company may be subject to information systems security threats.
• General economic conditions may adversely affect the Company’s growth and profitability.
• The Company faces intense competition in the mining industry.
• The Company may be subject to risks associated with future acquisitions.
• The Company’s joint venture interests are subject to risks.
• The Company’s interest in deferred consideration received from divestitures may not be fully realizable.
• Reputation loss may result in decreased investor confidence, increased challenges in developing and maintaining community relations and an impediment to the Company’s overall ability to advance its projects, thereby having a material adverse impact on the Company’s financial performance, financial condition, cash flows and growth prospects.
• The Company’s insurance coverage does not cover all of the Company’s potential losses, liabilities and damages related to its business and certain risks are uninsured and uninsurable.
• The Company is exposed to market and/or counterparty risks related to the sale of its concentrates and metals.
• Financial Risks and Risks Related to Our Indebtedness
• The Company is subject to risks associated with its financial instruments.
• The Company may be adversely affected by fluctuations in foreign exchange rates.
• Inflation may have a material adverse effect on results of operations.
• The Company may be subject to risks associated with hedging activities.
• Future funding requirements may affect the Company's business or its ability to develop mineral properties, complete exploration and development programs, pay cash dividends or engage in share repurchase transactions.
• The Company may be unable to generate sufficient cash to service its debt and other actions to satisfy such obligations may be unsuccessful.
• The Company may fail to fulfill its obligations under existing and future indebtedness, and such indebtedness may impair the financial health of the Company.
• The Company may fail to meet financial covenants related to its indebtedness.
• Risks Related to Our Industry and the Jurisdictions in Which We Operate
• Political or economic instability or unexpected regulatory change in the countries where the Company’s mineral properties are located could adversely affect its business.
• Suitable infrastructure may not be available or damage to existing infrastructure may occur.
• Mining is inherently risky and subject to conditions and events beyond the Company’s control.
• Mining companies are increasingly required to consider and provide benefits to the communities and countries in which they operate in order to maintain operations.
• Indigenous peoples’ title claims and rights to consultation and accommodation may affect the Company’s existing operations as well as development projects and future acquisitions.
• Civil disobedience in certain of the countries where the Company’s mineral properties are located could adversely affect its business.
• The Company and the mining industry face geotechnical challenges, which could adversely impact our production and profitability.
• Risks Related to Our Personnel
• Certain of the Company’s directors and/or officers also serve, or may serve, as directors of other companies involved in natural resource exploration and development, and consequently there exists the possibility for these directors and/or officers to be in a position of conflict.
• The Company could be subject to potential labor unrest or other labor disturbances.
• The Company is dependent on its ability to recruit and retain qualified personnel.
• The Company relies on contractors to conduct a significant portion of its operations and construction projects.
• Risks Related to Governmental Regulation and Legal Proceedings
• The Company is subject to significant governmental regulations.
• The Company requires permits to conduct its operations, and delays in obtaining or failing to obtain such permits, or a failure to comply with the terms of any such permits that the Company has obtained, would adversely affect the Company’s business.
• The Company’s activities are subject to environmental laws and regulations that may increase the Company’s costs and restrict its operations.
• Compliance with emerging climate change regulations could result in significant costs and climate change may present physical risks to a mining company’s operations.
• The Company may be required by human rights laws to take actions that delay the Company’s operations or the advancement of its projects.
• The Company’s mineral properties may be subject to uncertain title.
• The Company is subject to claims and legal proceedings that arise in the ordinary course of business.
• The Company is subject to assessment by taxation authorities in multiple jurisdictions that arise in the ordinary course of business.
• The Company is subject to anti-corruption laws.
• Risks Related to Ownership of Company Equity
• The Company’s common shares are publicly traded and are subject to various factors that have historically made the Company’s common share price volatile.
• Holders of our common shares may not receive dividends.
• Future sales or issuances of equity securities could decrease the value of the Company’s common shares, dilute investors’ voting power and reduce the Company’s earnings per share.
• Risks Related to Being a Public Company
• The Company may fail to maintain adequate internal control over financial reporting pursuant to the requirements of applicable regulations.
• Due to the loss of the Company's foreign private issuer status, the Company is now required to comply with the Exchange Act’s domestic reporting regime.
• The Company's accounting and other estimates may be imprecise.