Gold Producers like Kinross, Newmont, B2Gold etc.

<b>Operational</b>

• Produced 145,290 ounces of gold⁽¹⁾
• Sold 147,920 ounces of gold⁽¹⁾at an average realized gold price of $2,858 per oz
• Total cash costs of $1,769 per oz and AISC of $2,065 per oz⁽²⁾
  • Total cash costs of $1,637 per oz and AISC of $1,979 per oz, excluding the results from Los Filos that were excluded from 2025 Guidance
• Two lost-time injuries and a total recordable injury frequency rate⁽³⁾ of 1.95 for the rolling 12-month period (1.07 for the Quarter)
• No significant environmental incidents during the Quarter

<b>Earnings</b>

• Income from mine operations of $33.7 million
• Net loss of $75.5 million or $0.17 per share (basic)
• Adjusted net loss of $36.6 million or $0.08 per share⁽²⁾

<b>Financial</b>

• Cash flow from operations before changes in non-cash working capital of $73.3 million ($54.5 million after changes in non-cash working capital)
• Mine-site free cash flow before changes in non-cash working capital of $57.7 million ($38.8 million after changes in non-cash working capital)
• Adjusted EBITDA of $137.9 million⁽²⁾
• Sustaining expenditures of $42.9 million and non-sustaining expenditures of $49.4 million
• Cash and equivalents (unrestricted) of $172.9 million at March 31, 2025
• Net debt⁽²⁾ of $1,220.0 million at March 31, 2025

• Operating results: First quarter 2025 production was 103,805 gold equivalent ounces at cost of sales of $1,312 per payable ounce and all-in sustaining costs (“AISC”) of $1,972 per payable ounce, or $1,749 per payable ounce exclusive of costs incurred at Çöpler in the quarter. ⁽¹⁾ First quarter operating results include contributions from Cripple Creek & Victor (“CC&V”) for the period of February 28 to March 31, 2025, reflecting the Company’s closing of the CC&V transaction on February 28, 2025.
• Financial results: In the first quarter of 2025, SSR Mining reported net income attributable to SSR Mining shareholders of $58.8 million, or $0.28 per diluted share and adjusted net income attributable to SSR Mining shareholders of $61.6 million, or $0.29 per diluted share. In the first quarter of 2025, SSR Mining generated $84.8 million in operating cash flow and $39.3 million in free cash flow. Operating cash flow and free cash flow before working capital adjustments totaled $105.0 and $59.4 million, respectively.

B2GOLD ANNOUNCES TSX APPROVAL FOR NORMAL COURSE ISSUER BID

Further to the press release of B2Gold Corp. dated Jan. 13, 2025, the Toronto Stock Exchange (TSX) has accepted the notice of B2Gold’s intention to implement a normal course issuer bid (NCIB).

The company’s decision to approve the NCIB is consistent with its amended shareholder return strategy outlined in the announcement press release, and reflective of the company’s belief that the market may undervalue the common shares of B2Gold from time to time, the shares may trade in a price range which may not adequately reflect the value of the shares in relation to the business, assets and prospects of B2Gold from time to time, and purchases of shares pursuant to the NCIB may represent an appropriate and desirable use of the company’s capital.

The company had 1,319,616,807 shares issued and outstanding as of March 20, 2025. The TSX approval allows the company to purchase up to 65,980,840 shares, representing 5 per cent of the issued and outstanding shares as of March 20, 2025, over a period of 12 months commencing on April 3, 2025. The NCIB will expire no later than April 2, 2026.