Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Prospectors & Developers Association of Canada (PDAC) Conference 2018

27 slides from Ssr Mining's conference presentation, Mar 6, 2018

  1. Slide 1: A Track Record of Creating Value

    A TRACK RECORD OF CREATING VALUE March 2018

  2. Slide 2: Cautionary Notes

    Cautionary Notes SSRM:NASDAQ/TSX PAGE 2

  3. Slide 3: Why SSR Mining?

    Why SSR Mining? A long-term track record of creating value Strong platform in favorable 1 jurisdictions Track record of creating Track record 6 2 shareholder of delivery value Leveraged to Track record gold with of growth and 5 3 attractive decreasing liquidity Track record costs of free cash flow 4

  4. Slide 4: Strong Operating Platform in Favorable Jurisdictions

    1 Strong Operating Platform in Favorable Jurisdictions +8 year mine life expected at all three operations Marigold Seabee Puna Nevada: Saskatchewan: Argentina: Favorable #3 ranked #2 ranked +10 year operating Jurisdictions globally globally history 73K Diversified oz AuEq 202K Production oz Au 84K o

  5. Slide 5: Track Record of Delivery

    2 Track Record of Delivery Six-year history of meeting or exceeding guidance Reliable trend of delivering more …at lower cash costs with less gold… variability 450 1,200 400 1,100 Gold-Equivalent Cash Costs ($/oz) Gold-Equivalent Production (K oz) 1,000 350 900 300 800 250 700 200 600 Production Gui

  6. Slide 6: Track Record of Growth and Decreasing Costs

    3 Track Record of Growth and Decreasing Costs 500 $1,200 $1,000 400 Gold-Equivalent Cash Costs ($/oz) Gold-Equivalent Production (K oz) $800 300 $600 200 $400 100 $200 0 $0 2012A 2013A 2014A 2015A 2016A 2017A 2018E 2019E 2020E 2021E Puna Marigold Seabee Cash Costs Strong Outlook +27% near-term incre

  7. Slide 7: Track Record of Free Cash Flow Generation

    4 Track Record of Free Cash Flow Generation $500 $400 Acquired Acquired Marigold Seabee Cash and Cash Equivalents ($M) for $268M (all shares) in cash $300 $200 $100 $0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 Ops

  8. Slide 8: Leveraged to Gold with Attractive Trading Liquidity

    5 Leveraged to Gold with Attractive Trading Liquidity 2.78 2.70 2.70 2.57 2.56 2.25 2.12 2.12 Beta to Gold Price 2.08 2.03 1.93 1.91 1.88 SSR Coeur McEwen B2Gold Fortuna Detour Hecla New Gold Torex Eldorado Tahoe Klondex Oceana Mining 2.3% 2.2% Daily Volume (% of shares out) 1.9% 1.3% 1.3% 1.2% 1.1%

  9. Slide 9: Track Record of Creating Net Asset Value Per Share

    6 Track Record of Creating Net Asset Value Per Share 12 11 +61% 10 Net Asset Value ($/sh) 9 8 7 +1% 6 5 4 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 SSR Mining Peer Index Creating Value Operational Excellence and disciplined M+A are key differentiators Notes: Peer index represents an equal wei

  10. Slide 10: Marigold Mine Update

    MARIGOLD MINE UPDATE GROWTH IN NEVADA

  11. Slide 11: Marigold: Operating Outlook

    Marigold: Operating Outlook 2018 2019 2020 2021 Gold production (Koz) 190 – 210 225 – 235 205 – 215 230 – 240 Cash costs ($/oz) $725 – $775 $740 – $790 $660 – $710 $550 – $600 Capital investment ($M) $57 $25 $20 $25 Capitalized deferred stripping ($M) $15 $15 $30 $70 Expanding Margins Forecast avg.

  12. Slide 12: Marigold Mineral Reserves and Resources Increased Y-o-Y

    Marigold Mineral Reserves and Resources Increased Y-o-Y Mineral Reserves gold grade increased to 0.46 g/t 7 0.63 5.66 Gold Mineral Reserves and Mineral Resources 6 5 (million ounces) 4 0.36 3.19 2.84 (0.22) 0.21 3 2 1 0 2016 Depletion Model Exploration 2017 2017 M+I 2017 Reserves Assumptions Reserve

  13. Slide 13: Marigold: Exploration Success and Resource Conversion

    Marigold: Exploration Success and Resource Conversion 8N TZN 8S 8SX N Red HideOut Dot North Leach Pad Red Dot MUD Waste Valmy Mackay reserve pit outline Current mining area Basalt-Antler SSRM:NASDAQ/TSX PAGE 13

  14. Slide 14: Marigold: Exploration Success and Resource Conversion

    Marigold: Exploration Success and Resource Conversion TZN 8D 8S 8SX N Red HideOut Dot North Leach Pad A’ SSRM:NASDAQ/TSX PAGE 14

  15. Slide 15: Marigold: Exploration Success and Resource Conversion

    Marigold: Exploration Success and Resource Conversion TZN 8D 8S 8SX N Red HideOut Dot North Leach Pad A’ Gold Grade (g/t) < 0.06 0.06 – 0.6 0.6 – 1.0 > 1.0 75 meters SSRM:NASDAQ/TSX PAGE 15

  16. Slide 16: Marigold: Exploration Success and Resource Conversion

    Marigold: Exploration Success and Resource Conversion TZN 8D 8S 8SX N Red HideOut Dot North Leach Pad A’ EOY 2017 EOY 2017 February 2018 Original Gold Grade Mackay Pit Surface A Surface Model Reserve Pit EOY 2017 Resource Pit Shell Gold Grade (g/t) < 0.06 MRA6461 0.06 – 0.6 35.1 m at 0.86 g/t 0.6 –

  17. Slide 17: Marigold: Equipment Replacement Study

    Marigold: Equipment Replacement Study In 2019, evaluate mine fleet investment plan  Scenario A: Replace existing mine fleet with like-for-like equipment consistent with current life of mine plan  Scenario B: Expand mine fleet with additional rope shovel, haul trucks and related support gear potent

  18. Slide 18: Seabee Gold Operation Update

    SEABEE GOLD OPERATION UPDATE HIGH GRADE GOLD MINE

  19. Slide 19: Seabee Mineral Reserves and Resources Increased Y-o-Y

    Seabee Mineral Reserves and Resources Increased Y-o-Y Mineral Reserves gold grade increased to 9.9 g/t 674 1,200 1,000 Gold Mineral Reserves and Resources 800 681 (thousand ounces) 600 166 437 361 92 400 200 0 2016 Depletion Exploration 2017 2017 M+I 2017 Reserves Reserves Resources Inferred Resourc

  20. Slide 20: Increasing Production at Lower Costs

    Increasing Production at Lower Costs 140 $1,200 Acquired 120 120 the Seabee Gold Operation May 31, 2016 $1,000 108 $998 $954 100 100 89 $800 Cash Costs ($/oz gold) 84 77 Gold Production (k oz) 80 $757 75 $663 $600 63 $602 $585 60 $525 $540 50 $504 45 $442 $400 40 $200 20 0 $0 2012A 2013A 2014A 2015A

  21. Slide 21: Year End 2017 Santoy Mineral Resources

    Year End 2017 Santoy Mineral Resources Santoy Gap (9A, 9B, 9C) Santoy 8A 0m Elev 1.3m at 14.4g/t 5.8m at 6.4g/t (SUG-17-047) (SUG-17-042) 2.1m at 52.8g/t (JOY-16-701) Gap HW 9.9m at 8.2g/t (JOY-16-749) 2.8m at 26.6g/t (SUG-17-300) -400m Elev 2.1m at 10.8g/t 5.5m at 12.4g/t (SUG-17-919) 6.3m at 7.43g

  22. Slide 22: Large, Contiguous Land Package

    Large, Contiguous Land Package 23,300 Hectare land package at Seabee Carr target Seabee Mine/Mill Airstrip & camp Santoy Mine Fisher Exploration Camp 34,000 Hectare land package at Fisher Project (option agreement) 10 km All weather road Gold occurrence Santoy shear zone SSRM:NASDAQ/TSX PAGE 22

  23. Slide 23: Puna Operations Update

    PUNA OPERATIONS UPDATE LARGE-SCALE SILVER PRODUCER

  24. Slide 24: Puna Operations: Near-Term Production Growth by 2019

    Puna Operations: Near-Term Production Growth by 2019 Significant LOM silver exposure and base metals by-product credit 8 $16 $14.48 6.8 6.9 6.9 $14 7% $12.19 Zinc 6 $12 Silver-Equivalent Cash Costs ($/oz) Silver Equivalent Production (Moz) 21% $11.09 $10 Lead $10.16 72% 4 $8 Silver 3.4 $6 2 $4 $2 0

  25. Slide 25: Portfolio Rationalization

    Portfolio Rationalization Maximizing value of portfolio with property sales 10 2 7 8. Maverick Springs 1 8 Brucejack 9. San Marcial 1. Marigold 7. Amisk Snowfield 2. Seabee 9 (Pretium) 5. San Luis 6 10. Sunrise Lake 3. Puna Operations Berenguela (Chinchillas) Diablillos Candelaria 4. Puna Operations

  26. Slide 26: SSR Mining Inc. Delivering value and growth for our shareholders

    SSR Mining Inc. Delivering value and growth for our shareholders  Met or exceeded production guidance six consecutive years Production and Free Cash Flow  Production growth to +410,000 oz AuEq by 2021 Growth  First ore production at Chinchillas H2 2018  Ramp up at Seabee to 1,050 tpd in 2019 Nea

  27. Slide 27: SSR Mining Inc.

    SSR Mining Inc. www.ssrmining.com Toll-free: +1 888.338.0046 Telephone: +1 604.689.3846 Email: invest@ssrmining.com

SSR Mining — Prospectors & Developers Association of Canada (PDAC) Conference 2018 on 6ix