Dividends
SSR Mining's Board of Directors has declared a quarterly cash dividend of $0.05 per common share, payable in Q1 2021. Pursuant to tax legislation, residents of Canada who receive “eligible dividends” will be entitled to an enhanced gross-up and dividend tax credit on such dividends. SSR Mining has designated that all dividends paid by SSR Mining Inc. are “eligible dividends” for these purposes.
Payments to Canadian shareholders will be made in Canadian dollars based on the exchange rate on the record date as reported by the Bank of Canada. Payments to other shareholders will be made in U.S. dollars. For CDI holders, payments will be made in Australian dollars, and it is expected to be based on the prevailing exchange rate sourced from the wholesale foreign exchange market on or around 5 business days after the record date.
As the dividend originates from Canada, non‐resident withholding tax will be deducted as required by Canadian tax law. The non‐resident withholding tax is 25% unless a shareholder or CDI holder has certified that he or she is a resident of a country with a tax treaty with Canada and such holder qualifies for a lower rate of withholding tax under such tax treaty. Shareholders and CDI holders who are residents of countries with which Canada has a tax treaty must certify their non‐resident status every three years, or when there is a change in the holder's eligibility for the declared treaty benefits (and, in the case of a partnership or hybrid entity, when there is a change in the effective rate of withholding).
Registered Shareholders
All registered shareholders who are non-residents of Canada and who are entitled to tax treaty benefits should complete a Canadian Tax Form NR301 (or Form NR302 in the case of a partnership with non-resident partners or Form NR303 in the case of a hybrid entity) and return it prior to the dividend record date to SSR Mining’s Transfer Agent in Canada, Computershare Investor Services Inc, at the address below.
All U.S. registered shareholders are also subject to backup withholding taxes at 24%. To prevent backup withholding taxes, submit a Form W9 and return it prior to the dividend record date to SSR Mining’s Transfer Agent in Canada, Computershare Investor Services Inc, at the address below.
Computershare Investor Services Inc.
100 University Ave, 8th Floor
Toronto, Ontario M5J 2Y1
Shareholders who hold their shares through a broker should contact their broker directly. They do not need to return a form to Computershare in Canada.
CDI holders
CDI holders who are entitled to tax treaty benefits should download a Canadian Tax Form NR301 from www-au.computershare.com/Investor/#Company, and enter SSR into the search box. Complete the form and return it prior to the dividend record date to SSR Mining’s CDI Registrar in Australia, Computershare Investor Services Pty Limited, at the following address:
Computershare Investor Services Pty Limited
GPO Box 2106 Melbourne
Victoria 3001 Australia
All CDI holders with a registered address in the U.S. are also subject to backup withholding taxes at 24%. To prevent backup withholding taxes, submit a Form W9 and return it prior to the dividend record date to SSR Mining’s CDI Registrar at the address above.
Applicable shareholders and CDI holders that do not return the NR301 form by the record date will be subject to the non-treaty Canadian withholding tax rate of 25%.
For more tax information, please refer to Canada Revenue Agency (CRA) website.
The content contained herein is not tax advice. Do not use or otherwise rely upon any of the content without first seeking independent tax advice.