SSR Mining Inc. (formerly Silver Standard Resources Inc.)‌

Condensed Consolidated Interim Financial Statements

For the three and nine months ended September 30, 2017 and 2016 (unaudited)

Condensed Consolidated Interim Financial Statements for the three and nine months ended September 30, 2017

CONTENTS Financial Statements

Condensed Consolidated Interim Statements of Financial Position Condensed Consolidated Interim Statements of Income

Condensed Consolidated Interim Statements of Comprehensive (Loss) Income Condensed Consolidated Interim Statements of Changes in Shareholders' Equity Condensed Consolidated Interim Statements of Cash Flows

Notes to the Condensed Consolidated Interim Financial Statements

Note 1 - Nature of operations

Note 2 - Summary of significant accounting policies Note 3 - Puna Operations joint venture

Statements of Financial Position

Note 4 - Inventory

Note 5 - Assets held for sale

Note 6 - Property, plant and equipment Note 7 - Provisions

Statements of Income

Note 8 - Net income per share

Statements of Shareholders' Equity

Note 9 - Share-based compensation

Additional Disclosures

Note 10 - Operating segments Note 11 - Fair value measurements

Note 12 - Supplemental cash flow information

Note‌

September 30

2017

December 31

2016

$

$

Current assets

Cash and cash equivalents

424,025

327,127

Trade and other receivables

40,962

58,437

Marketable securities

109,721

148,944

Inventory

4

178,396

154,915

Held for sale

5

1,416

12,097

Other

2,211

2,720

756,731

704,240

Non-current assets

Property, plant and equipment

6

665,267

663,828

Deferred income tax assets

-

1,096

Goodwill

49,786

49,786

Other

27,436

19,738

Total assets

1,499,220

1,438,688

Current liabilities

Trade and other payables

53,959

61,500

Provisions

7

18,695

82,806

72,654

144,306

Non-current liabilities

Deferred income tax liabilities

113,852

116,887

Provisions

7

93,948

55,562

Debt

229,810

220,054

Total liabilities

510,264

536,809

Equity

Share capital

1,046,108

1,043,555

Other reserves

9,156

(1,014)

Equity component of convertible notes

68,347

68,347

Deficit

(155,576)

(209,009)

Total equity attributable to SSR Mining shareholders

968,035

901,879

Non-controlling interest

20,921

-

Total liabilities and equity

1,499,220

1,438,688

Events after the reporting date (note 12)

The accompanying notes are an integral part of the condensed consolidated interim financial statements

Approved by the Board of Directors and authorized for issue on November 7, 2017

"Richard D. Paterson" "Paul Benson"

Richard D. Paterson, Director Paul Benson, Director

Note Three months ended September 30,‌ Nine months ended September 30,

2017

$

2016

$

2017

$

2016

$

Revenue

106,005

143,381

340,892

363,669

Cost of sales

10

(83,483)

(84,191)

(248,819)

(237,119)

Income from mine operations

22,522

59,190

92,073

126,550

General and administrative expenses

(7,043)

(4,061)

(18,225)

(20,684)

Exploration, evaluation and reclamation expenses

(5,086)

(4,280)

(16,810)

(12,238)

Impairment reversal

6

-

-

24,357

-

Business acquisition costs

-

(601)

-

(4,529)

Operating income

10,393

50,248

81,395

89,099

Interest earned and other finance income

1,664

508

3,965

1,247

Interest expense and other finance costs

(9,428)

(6,461)

(25,650)

(19,571)

Foreign exchange gain (loss)

129

(3,248)

3,823

(6,535)

Other

(583)

(48)

(2,882)

(1,861)

Income before income tax

2,175

40,999

60,651

62,379

Income tax expense

(354)

(2,957)

(6,035)

(9,554)

Net income

1,821

38,042

54,616

52,825

Attributable to:

Equity holders of SSR Mining

1,067

38,042

53,433

52,825

Non-controlling interests

754

-

1,183

-

Net income per share attributable to equity holders of SSR Mining

Basic

8

$0.01

$0.32

$0.45

$0.54

Diluted

8

$0.01

$0.31

$0.44

$0.53

The accompanying notes are an integral part of the condensed consolidated interim financial statements

Silver Standard Resources Inc. published this content on 07 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 November 2017 01:31:07 UTC.

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