Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Silver Standard Resources — Investor Presentation (January 2016)

40 slides from Ssr Mining's investor presentation, January 2016

  1. Slide 1: Operating and Financial Strength – January 2016 Corporate Presentation

    OPERATING AND FINANCIAL STRENGTH January 2016 Corporate Presentation SSRI:NDAQ | SSO: TSX 1

  2. Slide 2: Cautionary Notes

    Cautionary Notes Cautionary Note Regarding Forward-Looking Statements This presentation contains “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively

  3. Slide 3: Why Silver Standard?

    Why Silver Standard? ASSETS CAPITAL MANAGEMENT Free cash flow $200M in cash Experienced team Two large mines $108M in marketable In-country expertise securities Focused portfolio Deliver to plan Strong balance sheet Strong operating performance & free cash flow SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX T

  4. Slide 4: Strong Technical and Commercial Experience

    Strong Technical and Commercial Experience Board of Directors Management Team Peter Tomsett Paul Benson Chairman President, CEO and Director Michael Anglin Gregory Martin SVP and CFO Gustavo Herrero Alan Pangbourne Beverlee Park COO Richard Paterson Jonathan Gilligan VP, Technical and Project Develo

  5. Slide 5: Ownership Summary and Relative Performance

    Ownership Summary Top 10 Shareholders % of Shares Outstanding Holdings by Investor Class Van Eck Value 6.8% Kopernik Global Investors 3.8% Investec Asset Management 2.4% Global X Management 2.1% Institutional Sun Valley Gold 2.1% 45% Retail and Other Wells Capital Management 2.0% 55% Frank Russell T

  6. Slide 6: Strong operating and financial delivery

    Record Annual Production  Strong operating performance in 2015  Marigold: 207Koz gold, exceeding production guidance  Record annual total material and ore tonnes mined  Pirquitas: 10.3Moz silver  Higher silver grades and silver recovery, year-on-year  $67.2M of cash generated by operating acti

  7. Slide 7: Strong Production and Cost Profile

    Strong Production and Cost Profile 8.0 $16 $14.34 $14.29 6.9 7.0 $12.36 6.8 25.6Moz Silver Equivalent Production (Moz) Silver Equivalent Cash Costs ($/oz) 6.0 6.0 $10.78 5.6 $12 5.1 Silver Eq. Production in 2015 $10.32 $9.57 $9.74 4.0 3.5 $8 1.9 2.0 $4 7.0Moz Silver Eq. Production in Q415 0.0 $0 Q1

  8. Slide 8: 2016 Guidance

    2016 Guidance Units Marigold Pirquitas Gold Production oz 190,000 – 200,000 – Silver production Moz – 8.0 – 10.0 Zinc production Mlb – 0.0 – 5.0 Cash costs per payable ounce sold* $/oz $715 – $765 $10.50 – $12.50 Capital expenditures $M $25 $5 Capitalized stripping costs $M $30 – Note: Please refer

  9. Slide 9: Marigold: Established Gold Mine

    MARIGOLD ESTABLISHED GOLD MINE SSRI:NDAQ | SSO: TSX 9

  10. Slide 10: Stable Performance & Higher Production Profile

    Stable Performance & Higher Production Profile  Open pit, run-of-mine heap leach gold operation  Continuous production since 1988  Strong safety and environmental practices Twin Creeks Goldstrike MARIGOLD Maverick Springs Phoenix  Excellent infrastructure Cortez Carlin Trend  Probable Mineral R

  11. Slide 11: Invested $160M in 2012 and 2013

    Invested $160M in 2012 and 2013 Shovel Capacity Hauling Capacity Haul Truck Maintenance (Cubic Yards) (Tonnes) (Hours) 150 5,000 20 Maintain Wash 18 Trucks 100 3 Shovels 12 Trucks 2,500 2 Shovels 10 50 0 0 0 2012 2014 2012 2014 2012 2014 Operational Excellence and invested capital for increased effi

  12. Slide 12: Operational Excellence: Long-term Cost Savings

    Operational Excellence: Long-term Cost Savings $1.92 Total cost per tonne mined $1.74 $1.70 $1.65 $1.61 $1.62 $1.57 $1.48 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Savings of 1₵ cost per tonne mined = $750,000 annually Notes: Annual savings of $750,000 based on assumption of 75 mi

  13. Slide 13: Investing in the Future

    Investing in the Future  Planned exploration expenditures of $4M in 2016  Complete assay program over life of mine  Resources to Reserves conversion at 8 South pit area  Valmy Property exploration Note: Please refer to our news release dated January 14, 2016 for discussion of our 2016 guidance.

  14. Slide 14: Assay Program – Increases Ore Zones

    Assay Program – Increases Ore Zones Pit Outline as of December 2015 Mackay Phase 3 Pit Outline Mineralized Ore as at December 2014 Additional Ore Tonnage 75 meters and Ounces W E Increases tonnage 21%; Increases ounces 12% Notes: See news release dated July 6, 2015 for additional information on the

  15. Slide 15: Resource Discovery and Reserve Conversion

    Resource Discovery and Reserve Conversion  Three new higher-grade mineralized 8SX HideOut Valmy and Mud Pits centers discovered in last 15 months A’  Selected drill results: 8D  8SX: 91.4 meters at 2.48 g/t Au 1 km  8D: 164.6 meters at 1.70 g/t Au A N Reserve Pits Mined out Pits 2015 Drilling ar

  16. Slide 16: Pirquitas: Large Open-Pit Silver Mine

    PIRQUITAS LARGE OPEN-PIT SILVER MINE SSRI:NDAQ | SSO: TSX 16

  17. Slide 17: Proven Capability and Delivery

    Proven Capability and Delivery  100% owned and operated silver and zinc mine  2010: Invested capital  2011/12: Delivered predictable production Pirquitas Mine Jujuy, Argentina  2013: Improved cost structure, completed push back  2014: Repositioned on cost curve, annual production record  2015:

  18. Slide 18: Actively Managing Costs Down for Long Term

    Actively Managing Costs Down for Long Term $19.70 Cash costs per payable $16.88 ounce of silver sold $12.87 $12.08 $10.50 - $12.50 $11.25 $11.02 $9.45 2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Guidance 2016 Note: Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Regarding No

  19. Slide 19: Development Emphasis: Chinchillas Project

    Development Emphasis: Chinchillas Project  $7.5M planned in 2016 for exploration and technical studies  10,000 meters infill drilling completed in Q4 2015  49 meters at 673 g/t silver  30 meters at 637 g/t silver  66 meters at 278 g/t silver  Agreement to evaluate the Chinchillas project (Oct

  20. Slide 20: Development Emphasis: Pirquitas Underground

    Development Emphasis: Pirquitas Underground  Pirquitas Underground  2015 drill program complete. Positive drill results  3.16 meters at 1,436 g/t silver  1.93 meters at 1,890 g/t silver  0.83 meters at 2,670 g/t silver  Conceptual study underway  Potential small-scale, high-grade ore feed fro

  21. Slide 21: Properties, Projects and Production

    Properties, Projects and Production 10 1 8 7 7. Candelaria 11 3 9 1. Marigold 8. Maverick Springs 5. Diablillos 3. Pitarrilla 9. San Marcial 2. Pirquitas 6. Berenguela 4 4. San Luis 6 10. Sunrise Lake 2 5 11. Parral + $570M SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 21

  22. Slide 22: San Luis: Dual Option to Value

    San Luis: Dual Option to Value Ancash Region, Peru  High grade mineralization N with Mineral Resources of:  8.9 Moz Ag at 595.5 g/t Ecash Community  0.35 Moz Au at 25.2 g/t  Already secured  EIA Ayelén Vein  Feasibility study  Going forward San Simon Vein  Pursuing community agreements Bonit

  23. Slide 23: Pitarrilla: Large Option

    Pitarrilla: Large Option Parral Mining District  Open pit project Chihuahua  Conventional flotation and leaching Pitarrilla Project Durango  695 Moz Ag Mineral Resources Mexico (Measured and Indicated)  Evaluating optimization of mine plan  Continued exploration of land position  Water morator

  24. Slide 24: Why Silver Standard?

    Why Silver Standard?  Produce +300,000 oz AuEq at $788/oz cash cost  Maximize value of existing assets  Identify and acquire the next growth opportunity  Maintain strong financial profile Note: Gold equivalent ounces have been established using $14.50/oz silver and $1,100/oz gold prices applied

  25. Slide 25: Appendix

    (2) Authentic SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 25

  26. Slide 26: Mineral Reserves

    Mineral Reserves (as at December 31, 2014) Mineral Reserves Location Tonnes Silver Gold Zinc Silver Gold millions g/t g/t % million oz million oz Proven Mineral Reserves San Luis Peru 0.06 604.5 28.3 1.1 0.05 Total 1.1 0.05 Probable Mineral Reserves Pirquitas Argentina 5.37 220.10 0.47 38.0 Pirquita

  27. Slide 27: Mineral Resources: Measured and Indicated

    Mineral Resources: Measured and Indicated (as at December 31, 2014) Mineral Resources Location Tonnes Silver Gold Lead Zinc Copper Silver Gold millions g/t g/t % % % million oz million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Pitarrilla Mexico 20.30 95.40 62.3 San Luis Pe

  28. Slide 28: Mineral Resources: Inferred

    Mineral Resources: Inferred (as at December 31, 2014) Mineral Resources Location Tonnes Silver Gold Lead Zinc Copper Silver Gold millions g/t g/t % % % million oz million oz Inferred Mineral Resources Pirquitas UG Argentina 2.85 174.0 3.61 15.9 Marigold U.S. 18.20 0.44 0.26 Pitarrilla Mexico 22.10 6

  29. Slide 29: Reserves & Resources: Notes to Tables

    Reserves & Resources: Notes to Tables All estimates set forth in the Mineral Reserves and Mineral Resources tables have been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). The estimates of Mineral Reserves and Mineral Resources fo

  30. Slide 30: HideOut: New High Grade Mineralized Area

    HideOut: New High Grade Mineralized Area Notes: See news release dated September 18, 2015 for additional details on the HideOut area at the Marigold mine. See also “Cautionary Notes” in this presentation. SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 30

  31. Slide 31: View NW of 8 South and HideOut Centers

    View NW of 8 South and HideOut Centers Drillhole 8S pit Backfill 8SX A Old Leach A’ Pads HideOut Rock Ultimate Stockpiles Pit Shell Structural Trend Notes: See news releases dated July 6, 2015 and September 18, 2015 for drillhole highlights and reference data for the Marigold exploration drill progr

  32. Slide 32: Illustrative Cross Section through HideOut Center

    Illustrative Cross Section through HideOut Center W E 485590 486090 Conceptual Pit Shell 1600 Rock Stockpile 61m at 0.1 g/t 1500 91m inter-burden 76m at 2.5 g/t 1400 Pre-Mining Gold (g/t) Surface <0.06 0.06 - 0.6 0.6 – 1.2 Illustrative Gold 485840 > 1.2 1300 Grade Model 100 meters Notes: See news re

  33. Slide 33: Valmy Property Location

    Valmy Property Location MARIGOLD LAND POSITION PRIOR TO VALMY ACQUISITION Notes: See news release dated August 11, 2015 announcing the acquisition of the Valmy Property. See also “Cautionary Notes” in this presentation. SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 33

  34. Slide 34: Chinchillas Project Location

    Chinchillas Project Location Notes: See news release dated October 1, 2015 announcing the agreement to evaluate the Chinchillas project. See also “Cautionary Notes” in this presentation. SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 34

  35. Slide 35: San Luis Project

    San Luis Project San Luis Feasibility Study Results (June 2010)  3.5-year life: Underground mine  Avg. annual 1.9M oz Ag production: 78,000 oz Au  Cash cost: $313 / oz Au  Resources (M+I): 9.0M oz Ag at 578.1 g/t 0.35M oz Au at 22.4 g/t  Capital: $90 -$100M  Mill throughput: 400 tpd  NPV: $39

  36. Slide 36: Increased Financial Strength

    Increased Financial Strength $383M $265M Cash, Marketable Securities and Credit Facility Convertible Notes Source: $383 million includes $200 million of Cash and Cash Equivalents, $108 million of marketable securities and $75 million of undrawn senior secured credit facility. Cash and marketable sec

  37. Slide 37: Notes

    Notes SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 37

  38. Slide 38: Notes

    Notes SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 38

  39. Slide 39: Notes

    Notes SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 39

  40. Slide 40: Corporate Presentation

    CORPORATE PRESENTATION SSRI:NDAQ | SSO: TSX 40

Silver Standard Resources — Investor Presentation (January 2016) on 6ix