SSR Mining Inc. SSRM
New risk paragraphs, branching off last year
Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed Feb 18, 2025. A box jumps to the paragraph as filed, below.
Paragraphs with nothing like them in last year's 10-K
1 paragraph in Risk Factors of the 10-K filed Feb 17, 2026 with nothing like it in the 10-K filed Feb 18, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
The following is a summary of certain of the principal risks faced by the Company that could negatively impact our businesses, operating results, cash flows and/or financial condition:
Paragraphs in the 10-Q filed Nov 3, 2026 that were not in the one before
New in the latest 10-Q
21 paragraphs in the 10-Q filed Nov 3, 2026 with nothing like them in the 10-Q filed Aug 4, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
The fair value of the net smelter return royalty was determined using a discounted cash flow model. The significant assumptions include future metal prices, estimated quantities of mineral reserves and resources, and discount rates. Royal Gold, Inc., a partner in the Project, holds a fixed price call right to acquire 2.0 % of the NSR for $ 160.0 million, expiring 12 months following the declaration of commercial production at the Project.
Read in the 10-Q
The Company is subject to various domestic and international laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. Estimated future reclamation costs are based principally on current legal and regulatory requirements.
Read in the 10-Q
Changes in Reclamation liabilities during the nine months ended September 30, 2026 and 2025, were as follows (in thousands):
Read in the 10-Q
(1) During the nine months ended September 30, 2025, reclamation changes were primarily comprised of an increase of $ 221.0 million as a result of the acquisition of CC&V.
Read in the 10-Q
(2) During the nine months ended September 30, 2026, reclamation increased at Puna and Marigold by $ 47.2 million and $ 3.3 million, respectively. The increase at Puna is primarily due to revisions in cost estimate assumptions associated with water management and tailings storage facilities. The increase at Marigold is due to additional disturbance. During the nine months ended September 30, 2025, reclamation at Marigold increased by $ 2.4 million primarily due to additional disturbance and an increase in labor unit cost rates.
Read in the 10-Q
Show the other 16
On October 13, 2026, the Company entered into a definitive agreement, through a wholly owned subsidiary, to acquire all of the issued and outstanding shares of Roxmore Resources Inc. (“Roxmore”) pursuant to a court approved plan under the British Corporations Act (British Columbia). Under the terms of the transaction, Roxmore shareholders will receive CAD $ 6.75 per Roxmore common share in cash consideration. Roxmore shareholders will also receive common shares of a newly created gold exploration company (“SpinCo”). SpinCo will be funded with USD $ 10.0 million in cash and will be owned 85.01 % by former Roxmore shareholders and 14.99 % by the Company. The Company expects to fund the cash component of the consideration using existing cash and cash equivalents. The transaction is expected to close in the fourth quarter of 2026.
Read in the 10-Q
Three months ended September 30, 2026, compared to three months ended September 30, 2025
Read in the 10-Q
Nine months ended September 30, 2026, compared to nine months ended September 30, 2025
Read in the 10-Q
Three months ended September 30, 2026, compared to three months ended September 30, 2025
Read in the 10-Q
Nine months ended September 30, 2026, compared to nine months ended September 30, 2025
Read in the 10-Q
Three months ended September 30, 2026, compared to three months ended September 30, 2025
Read in the 10-Q
Nine months ended September 30, 2026, compared to nine months ended September 30, 2025
Read in the 10-Q
Three months ended September 30, 2026, compared to three months ended September 30, 2025
Read in the 10-Q
Nine months ended September 30, 2026, compared to nine months ended September 30, 2025
Read in the 10-Q
Three months ended September 30, 2026, compared to three months ended September 30, 2025
Read in the 10-Q
Nine months ended September 30, 2026, compared to nine months ended September 30, 2025
Read in the 10-Q
(1) Represents revisions in cost estimate assumptions associated with water management and tailings storage facilities at Puna.
Read in the 10-Q
(2) Represents the settlement of certain putative wage and hour class action litigation matters at CC&V and Marigold, both of which were paid during the three and nine months ended September 30, 2026. The settlements are unrelated to our core ongoing business operations and are nonrecurring.
Read in the 10-Q
(1) Represents revisions in cost estimate assumptions associated with water management and tailings storage facilities at Puna.
Read in the 10-Q
(2) Represents the settlement of certain putative wage and hour class action litigation matters at CC&V and Marigold, both of which were paid during the three and nine months ended September 30, 2026. The settlements are unrelated to our core ongoing business operations and are nonrecurring.
Read in the 10-Q
Royalty interests are depleted using the unit of production method over the estimated life of the related mineral property as royalty payments are recognized. Depletion is based on proven and probable mineral reserves provided by the property operator. Development stage mineral properties are not depleted until production commences. Exploration stage mineral properties without proven and probable mineral reserves are not depleted. Upon the conversion of exploration stage mineral interests to proven and probable mineral reserves, the mineral property is reclassified as a development stage mineral property.
Read in the 10-Q
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Nov 3, 2026 against Item 1A of the 10-K filed Feb 17, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, Item IA., “Risk Factors” in the Company’s Form 10-K for the fiscal year ended December 31, 2025. The risks described in the Annual Report and herein are not the only risks facing the Company. Additional risks and uncertainties not currently known to the Company or that are deemed to be immaterial may also materially adversely affect the business, financial condition, cash flows and/or future results.
Read in the 10-Q
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
Phrases used for the first time
Two-word phrases in Risk Factors of the 10-K filed Feb 17, 2026 that are in none of the 1 earlier 10-Ks stored, back to Feb 18, 2025
Where each one is used
- seabee puna: The Company has prepared estimates of future production, operating costs and capital costs for its Çöpler, Marigold, Seabee, Puna and CC&V operating mines, and the Company’s technical studies and reports for the Company’s operating mines and other projects, as may be amended or updated from time to time, contain...
- artificial intelligence: Given the unpredictability of the timing, nature and scope of cybersecurity attacks or other IT disruptions, it is difficult to predict how such disruptions may impact our business. Cybersecurity attacks or IT disruptions may result in, among other things, production downtimes, operational delays, the compromising...
- new rule: Our U.S. operations are subject to the Clean Water Act (the “CWA”) and comparable legislation on Colorado and Nevada, which require permits for certain discharges into “waters of the United States.” Such permitting has been a frequent subject of litigation and enforcement activity by environmental advocacy groups...
Used at least twice, small words left out. Counted, not picked: a phrase can be new because the company renamed something.
What was taken out
7 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.
Sources
Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.
Also
10-K change: what was reworded or cut, section by section.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/SSRM/export.csv") into a cell.