SSR Mining (SSRM) risk factors, FY2024 10-K

Other

1. 01Actual and potential losses and liability resulting from the Çöpler Incident could have a material adverse effect on our financial condition, liquidity, cash flows and results of operations
2. 02Ongoing investigations and remediation in connection with the Çöpler Incident could have a material adverse effect on the operation
3. 03The Çöpler Incident may result in environmental contamination of the surrounding area
4. 04The Company’s production, development plans and cost estimates for Çöpler may not be achieved
5. 05Covenants and events of default in our debt instruments could limit our ability to borrow funds under such instruments and adversely affect our liquidity and such debt instruments allow for acceleration of repayment of our borrowings under certain conditions
6. 06Responding to the Çöpler Incident, including remediation effort requires significant management attention
7. 07The Çöpler Incident could impact the ongoing development of Hod Maden
8. 08The Company’s access to capital in a timely manner and on acceptable terms may be negatively impacted by the Çöpler Incident
9. 09The Company’s insurance coverage may not cover all of the Company’s potential losses, liabilities and damages related to Çöpler Incident
10. 10The Company’s share price may continue to be volatile

Risks Related to the Company’s Operations and Business

1. 11The Company’s production, development plans and cost estimates may vary and/or not be achieved
2. 12Changes in the market prices of gold, silver and other metals, which in the past have fluctuated widely, will affect the Company’s operations
3. 13The Company’s estimates of mineral reserves and mineral resources are based on interpretation and assumptions and may yield less mineral production under actual conditions than is currently estimated
4. 14The Company may be unable to replace its mineral reserves or acquire additional commercially mineable mineral rights
5. 15The Company faces intense competition in the mining industry
6. 16Increased operating and capital costs could affect the Company’s profitability
7. 17The Company is subject to supply chain disruptions and transportation risks
8. 18The Company’s operations may be adversely affected by rising energy prices or energy shortages
9. 19Continuation of the Company’s mining production is dependent on the availability of sufficient water supplies to support our mining operations
10. 20The Company may be exposed to future development risks
11. 21Land reclamation, mine closure and remediation requirements and costs may be burdensome and actual environmental and asset retirement obligations may exceed estimates and reserves
12. 22The Company is subject to information systems security threats and other risks
13. 23The Company’s joint venture interests are subject to risks
14. 24The Company’s interest in deferred consideration received from divestitures may not be fully realizable
15. 25Reputation loss may result in decreased investor confidence, increased challenges in developing and maintaining community relations and an impediment to the Company’s overall ability to advance its business or projects
16. 26The Company’s insurance coverage does not cover all of the Company’s potential losses, liabilities and damages related to its business and certain risks are uninsured and uninsurable
17. 27The Company is exposed to market and/or counterparty risks related to the sale of its concentrates and metals
18. 28Public health crises have, and could in the future, adversely affect the Company’s business
19. 29General economic conditions may adversely affect the Company’s growth and profitability
20. 30The Company may be adversely affected by fluctuations in foreign exchange rates
21. 31Inflation may have a material adverse effect on results of operations
22. 32The Company may be subject to risks associated with hedging activities
23. 33Future funding requirements may affect the Company’s business or its ability to develop mineral properties, complete exploration and development programs, pay cash dividends or engage in share repurchase transactions
24. 34The Company may be unable to generate sufficient cash to fund its operations or service its debt
25. 35The Company’s indebtedness or lack of liquidity may impair the financial health of the Company

Risks Related to Our Industry and the Jurisdictions in Which We Operate

1. 36Mining is inherently risky and subject to conditions and events beyond the Company’s control
2. 37We have experienced certain of these conditions and events with the occurrence of the Çöpler Incident
3. 38Political or economic instability or unexpected regulatory change in the countries where the Company’s mineral properties are located could adversely affect its business
4. 39Suitable infrastructure may not be available or damage to existing infrastructure may occur
5. 40Mining companies are increasingly required to consider and provide benefits to the communities and countries in which they operate in order to maintain operations
6. 41Indigenous peoples’ title claims and rights to consultation and accommodation may affect the Company’s existing operations as well as development projects and future acquisitions
7. 42Civil disobedience in certain of the countries where the Company’s mineral properties are located could adversely affect its business
8. 43The Company and the mining industry face geotechnical challenges, which could adversely impact our production and profitability

Risks Related to Our Personnel

1. 44Certain of the Company’s directors and/or officers also serve, or may serve, as directors of other companies involved in natural resource exploration and development, and consequently there exists the possibility for these directors and/or officers to be in a position of conflict
2. 45The Company could be subject to potential labor unrest or other labor disturbances
3. 46The Company is dependent on its ability to recruit and retain qualified personnel
4. 47The Company relies on contractors to conduct a significant portion of its operations and construction projects

Risks Related to Governmental Regulation and Legal Proceedings

1. 48The Company is subject to significant governmental regulations
2. 49The Company is subject to extensive permitting requirements
3. 50The Company’s activities are subject to environmental laws and regulations that may increase the Company’s costs and restrict its operations
4. 51Compliance with emerging climate change regulations could result in significant costs and climate change may present physical risks to a mining company’s operations
5. 52The Company may be required by human rights laws to take actions that delay the Company’s operations or the advancement of its projects
6. 53The Company’s mineral properties may be subject to uncertain title
7. 54The Company is subject to claims and legal proceedings that arise in the ordinary course of business
8. 55The Company is subject to assessment by taxation authorities in multiple jurisdictions that arise in the ordinary course of business
9. 56The Company is subject to anti-corruption laws

Risks Related to Ownership of Company Equity

1. 57The Company’s common shares are publicly traded and are subject to various factors that have historically made the Company’s common share price volatile
2. 58Holders of our common shares may not receive dividends
3. 59Future sales or issuances of equity securities could decrease the value of the Company’s common shares, dilute investors’ voting power and reduce the Company’s earnings per share

Risks Related to Being a Public Company

1. 60The Company may fail to maintain adequate internal control over financial reporting pursuant to the requirements of applicable regulations
2. 61The Company’s accounting and other estimates may be imprecise
3. 62It may be difficult to obtain and enforce judgments against the Company because of its Canadian incorporation and foreign assets