Ssr Mining Announces Normal Course Issuer Bid
SSR Mining Inc. PAGE 1
News Release
June 16, 2022
SSR MINING ANNOUNCES NORMAL COURSE ISSUER BID
DENVER - SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") is pleased to
announce that it has filed with and received acceptance fr om the Toronto Stock Exchange (“TSX”) for a Notice of
Intention to make a Normal Course Issuer Bid (“NCIB”) under the requirements of the TSX permitting SSR Mining to
purchase for cancellation up to 10,600,000 common shares of the Company (“Common Shares”), representing
approximately 5.0% of SSR Mining’s total issued and outstanding Common Shares. As of June 6, 2022 SSR Mining
had 212,638,432 issued and outstanding Common Shares.
Rod Antal, President and CEO said, "Building on last ye ar’s peer leading capital returns which exceeded US$190
million, our strong free cash flow outlook for 2022 and balance sheet will enable us to continue our robust capital
returns program this year. We kicked-off 2022 with a 40% in crease to our quarterly dividend to US$0.07/share, or
approximately US$60 million annually. As per our capital allocation framework for returning excess capital to
shareholders, we plan on supplementing this quarterly dividend with the recently approved NCIB program.”
SSR Mining believes that the market price of its Common Shares does not always reflect its underlying fundamental
value and future growth prospects. SSR Mining’s purchase of its Common Shares under the NCIB will supplement
the existing base dividend and is part of its capital alloca tion framework for returning excess cash to shareholders.
Under SSR Mining’s previous Normal Course Issuer Bid, which commenced on April 21, 2021 and terminated on
April 20, 2022, the Company was authorized the purch ase of up to 10,000,000 Common Shares. SSR Mining
purchased and cancelled 8,800,700 Common Shares via open market purchases through the facilities of the TSX
and the Nasdaq at a weighted average price paid per Common Share of US$16.82 for US$148.1 million.
SSR Mining may purchase Common Shares under the NCIB over the next twelve-month period beginning
June 20, 2022 and ending June 19, 2023. The exact timi ng and amount of any purchases will depend on market
conditions and other factors. SSR Mining is not obli gated to acquire any Common Shares and may suspend or
discontinue purchases under the NCIB at any time. Any purchases made under the NCIB will be effected through the
facilities of the TSX, Nasdaq and/or alternative Canadian and United States trading syst ems. Any purchases made
pursuant to the NCIB will be made in accordance with the ru les of the TSX, applicable U.S. securities laws and will
be made at market price at the time of purchase. Under the NCIB, other than purchases made under block purchase
exemptions, the Company may purchase up to 116,057 Common Shares on the TSX during any trading day, such
number being 25% of 464,230 Common Shares, which is the average daily trading volume on the TSX for the most
recently completed six calendar months prior to the TSX’s acceptance of the notice of the NCIB.
In connection with the NCIB, the Company has entered in to an automatic share purchase plan with a designated
broker (the “ASPP”) which sets certain price thresholds for purchases of Common Shares. The ASPP is intended to
allow for the purchase of Common Shares under the NCIB at times when it would ordinarily not be permitted to
purchase shares due to regulatory rest rictions and customary self-imposed bl ackout periods. The ASPP is also
intended to meet the requirements of a Rule 10b5-1 trading plan under the U.S. Securities Exchange Act of 1934,
and transactions under the ASPP, and under the NCIB generally, will be conducted in accordance with Rule 10b-18
under the U.S. Securities Exchange Act of 1934.
SSR Mining Inc. PAGE 2
About SSR Mining
SSR Mining Inc. is a leading, free cash flow focused gold company with four producing assets located in the USA,
Turkey, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets.
In 2021, the four operating assets produced approxima tely 794,000 gold-equivalent ounces. SSR Mining is listed
under the ticker symbol SSRM on the NASDAQ and the TSX, and SSR on the ASX.
SSR Mining Contacts:
F. Edward Farid, Executive Vice President, Chief Corporate Development Officer
Alex Hunchak, Director, Corporate Development and Investor Relations
SSR Mining Inc.
E-Mail: [email protected]
Phone: +1 (416) 306-5789
To receive SSR Mining’s news releases by e-mail, please register using the SSR Mining website at
www.ssrmining.com.
Cautionary Note Regarding Forward-Looking Information and Statements:
Except for statements of historical fact relating to us, certain statements contained in this news release constitute forward-looking
information, future oriented financial information, or financia l outlooks (collectively “forward -looking information”) within t he
meaning of applicable securities laws. Forward-looking information may be contained in this document and our other public filings.
Forward-looking information relates to st atements concerning our outlook and anticipated events or re sults and, in some cases,
can be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”,
“projects”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts.
Forward-looking information and statements in this news release are based on certain key expectations and assumptions made
by us. Although we believe that the expectations and assumptions on which such forward-looking information and statements are
based are reasonable, undue reliance should not be placed on the forward-looking information and statements because we can
give no assurance that they will prove to be correct. Forward-looking information and statements are subject to various risks and
uncertainties which could cause actual results and experience to differ materially from the antic ipated results or expectations
expressed in this news release. The key risks and uncertainties include, but are not limited to: local and global political and
economic conditions; governmental and regulatory requirements and actions by governmental au thorities, including changes in
government policy, government ownership r equirements, changes in environmental, tax and other laws or regulations and the
interpretation thereof; the unpredictability and fluctuation in the trading price of the Company’s common shares; developments with
respect to the COVID-19 pandemic, including the duration, seve rity and scope of the pandemic and potential impacts on mining
operations; and other risk factors detailed from time to time in our reports filed with the Securities and Exchange Commission on
EDGAR and the Canadian securities regulatory authorities on SEDAR.
Forward-looking information and statements in this news releas e include any statements concerning, among other things: future
purchases of the Company’s Common Shares; and any and all ot her timing, exploration, dev elopment, operational, financial,
budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced by fut ure
events or conditions.
Such forward-looking information and statements are based on a number of material factors and assumptions, including, but not
limited in any manner to, those disclosed in any other of our filings on EDGAR and SEDAR. While we consider these factors and
assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.
The above list is not exhaustive of the factor s that may affect any of the Company’s forward-looking information. You should not
place undue reliance on forward-looking information and stat ements. Forward-looking info rmation and statements are only
predictions based on our current expectations and our projections about future events. Actual results may vary from such forward-
looking information for a variety of reasons including, but not limited to, risks and uncertainties disclosed in our filings on our
website at www.ssrmining.com, on SEDAR at www.sedar.com, on EDGAR at www.sec.gov and on the ASX at www.asx.com.au
and other unforeseen events or circ umstances. Other than as required by law, we do not intend, and undertake no obligation to
update any forward-looking information to reflect, among other things, new information or future events. The information contained
on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.