SSR Mining Announces Repurchase at Option of Holders of 2.875% Convertible Senior Notes Due 2033

VANCOUVER, Dec. 30, 2019 /PRNewswire/ – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) today announces that holders of our 2.875% Senior Convertible Notes due 2033 (CUSIP No. 82823L AC0) (the “Notes”) have the right to surrender their Notes for purchase by SSR Mining at their option (the “Put Option”) pursuant to the terms of the Indenture governing the Notes, dated as of January 16, 2013 between SSR Mining and The Bank of New York Mellon, as trustee, (the “Indenture”). The Put Option entitles each holder of the Notes to require SSR Mining to purchase all of such holder’s Notes or any portion of the principal thereof that is equal to $1,000 principal amount (or integral multiples thereof) on February 1, 2020 (the “Option Purchase Date”), in cash at a purchase price equal to 100% of the principal amount of the Notes (the “Option Purchase Price”) plus accrued and unpaid interest thereon to, but excluding, the Option Purchase Date, subject to the terms and conditions of the Indenture and the Notes. Pursuant to the terms of the Indenture, on February 1, 2020, we will pay the semi-annual interest due on the Notes through January 31, 2020 to holders of record on January 15, 2020, of all Notes in the usual manner regardless of whether the Put Option is exercised with respect to such Notes. As a result, there will be no accrued and unpaid interest payable on the Notes surrendered in connection with the Put Option.