Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Silver Standard Resources — Investor Presentation (July 2012)
36 slides from Ssr Mining's investor presentation, July 2012
Slide 1: Corporate Overview
CORPORATE OVERVIEW SSRI:NDAQ | SSO: TSX 1
Slide 2: Notes Regarding Forward Looking Statements
Notes Regarding Forward Looking Statements This presentation contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward looking information” within Canadian securities laws (collectively “forward looking statements”) re
Slide 3: Cautionary Note to U.S. Investors
Cautionary Note to U.S. Investors All disclosure about our exploration properties in this Presentation conforms to the standards of United States Securities and Exchange Commission (the “SEC”) Industry Guide 7, Description of Property by Issuers Engaged or to be Engaged in Significant Mining Operati
Slide 4: 189Moz Silver Reserves
189Moz SILVER RESERVES SSRI:NDAQ | SSO: TSX 4
Slide 5: $364M cash: Strong Balance Sheet
$364Mcash STRONG BALANCE SHEET Cash balance as of March 31, 2012. Includes cash of $293 million and $71 million in subsequent proceeds from exercised Pretium warrants. SSRI:NDAQ | SSO: TSX 5
Slide 6: Silver Fundamentals: A Multi-Benefit Metal
Silver Fundamentals A MULTI-BENEFIT METAL Monetary Industrial AN INCREASINGLY IMPORTANT RESOURCE Growing industrial demand Finite resource base SSRI:NDAQ | SSO: TSX 6
Slide 7: Our Assets
Our Assets PRODUCTION Pirquitas Argentina DEVELOPMENT Pitarrilla Mexico San Luis Peru Diablillos Argentina EXPLORATION Berenguela Peru Challacollo Chile San Agustin Mexico Veta Colorada Mexico Candelaria United States Maverick Springs United States Sunrise Lake Canada SSRI:NDAQ | SSO: TSX 7
Slide 8: Pirquitas
PIRQUITAS ONE OF THE LARGEST OPEN-PIT PRIMARY SILVER MINES IN THE WORLD Source: Metals Economics Group. Based on annual production. SSRI:NDAQ | SSO: TSX 8
Slide 9: Pirquitas at a Glance
Pirquitas at a Glance (1) Average Annual Production +8.0M oz Ag 90Moz Resources (M + I) 147M oz Ag Mine Life 9 years 2012E direct mining RESERVES cost / oz $11.85 SSRI:NDAQ | SSO: TSX 9
Slide 10: Pirquitas: Accomplishments and Goals
Pirquitas: Accomplishments and Goals 2011 – Set up the mine to perform Expanded crushing capacity Resolved mill performance Optimized mining fleet Pursued long-term sales contract strategy 2012 – Deliver results Consistent quarterly operating performance Implement LT sales strate
Slide 11: Pirquitas: Production Outlook
Pirquitas: Production Outlook 12.0 10.0 8.0 - 10.0 2012 Guidance Silver Ounces Produced (millions) 8.0 8.2 - 8.5 8.2 - 8.5M oz Ag 7.1 6.0 6.3 10.5 - 11.5M lb Zn 4.0 $11.85 / oz direct mining cost 2.0 1.1 0.0 2009 2010 2011 2012E LOM * * Over first 6.5 years of the mine plan. The final 2.5 ye
Slide 12: Pirquitas: Expanding The Resource
Pirquitas: Expanding The Resource N S Cortaderas Current Pit Oploca +22,000m Valley Potosí TO BE DRILLED IN 2012 San Miguel 2-Level 100 m 200 m GEOPHYSICAL PROGRAM 300 m Cortaderas Breccia Reserve Pit Limit = Drilling Targets SSRI:NDAQ | SSO: TSX 12
Slide 13: Pirquitas: Brownfields Exploration
Pirquitas: Brownfields Exploration N Residual Bouguer mgal Cortaderas Valley 2012 Drill Target Drill Program HIGH-POTENTIAL TARGETS San Miguel Open Pit Oploca Drill Target 250 m SSRI:NDAQ | SSO: TSX 13
Slide 14: Pitarrilla
PITARRILLA OUR LARGE SCALE OPPORTUNITY DISCOVERED BY SILVER STANDARD SSRI:NDAQ | SSO: TSX 14
Slide 15: Pitarrilla at a Glance
Pitarrilla at a Glance (2) Mine Design Open-Pit Plant Design 16,000 tpd with Leach & Flotation Circuits Resources (M + I) 656M oz Ag Estimated Construction Time ~3 Years SSRI:NDAQ | SSO: TSX 15
Slide 16: Pitarrilla: Progressing Feasibility Study
Pitarrilla: Progressing Feasibility Study Contracted M3 Engineering for Feasibility study Feasibility study scheduled to be completed H2 2012 EIA progressing for submission mid year Pit layout and plant design based on: 16,000 tpd open-pit mine Leach and flotation processing facilities
Slide 17: Pitarrilla: Mineralization Zones
Pitarrilla: Mineralization Zones Breccia Ridge South Javelina Creek / Cordon Colorado Ridge East South Ridge 2000m Oxides Peña Dike 1750m Transition Zone 1500m Sulphides Likely Pit Shape 1250m 0 200 400 metres 1000m N SSRI:NDAQ | SSO: TSX 17
Slide 18: San Luis: High-Grade Gold and Silver Project
SAN LUIS HIGH-GRADE GOLD AND SILVER PROJECT SSRI:NDAQ | SSO: TSX 18
Slide 19: San Luis at a Glance
San Luis at a Glance (3) Estimated Average 1.9M oz Ag Annual Production 78,000 oz Au Resources 8.9M oz at 17.4 oz/t Ag (M + I) 0.35M oz at 0.69 oz/t Au Estimated Mine Life 3.5 Years (Ayelén vein only) Estimated Cap-Ex $90 - $100M Estimated Construction Time <2 Years SSRI:NDAQ | SSO: TSX 19
Slide 20: San Luis: Recent Accomplishments
San Luis: Recent Accomplishments Feasibility study LA LIBERTAD completed in Q2 2010 Consolidated interest in ANCASH Q3 2011 San Luis Cochabamba community Pierina (Barrick) Antamina HUÁNCO agreement signed in Q4 2011 Progressing negotiations with Ecash community PASCO LIMA 20 mi 50 km JUNÍN S
Slide 21: San Luis: 2012 Focus
San Luis: 2012 Focus Drill the BP Zone targeting a copper porphyry Gain approval for the Environmental Impact Statement Continue advancing community programs Land access agreements Sustainable development projects SSRI:NDAQ | SSO: TSX 21
Slide 22: San Agustin at a Glance
San Agustin at a Glance (4) Resources 48M oz Ag (M + I) 1.59M oz Au 2012 Focus Expand gold resource with drilling program in H2 2012 SSRI:NDAQ | SSO: TSX 22
Slide 23: Our Future
Our Future 400KHECTARES +$25M OF UNDEREXPLORED, PROSPECTIVE LAND 2012 EXPLORATION INVESTMENT SSRI:NDAQ | SSO: TSX 23
Slide 24: Successful Exploration Track Record
Successful Exploration Track Record Reserves 189M oz Ag Measured & Indicated 1,148M oz Ag (Inclusive of reserves) Inferred 373M oz Ag Snowfield + Cash Proceeds: $400M Brucejack Retained Interest: $270M* = Budgeted 2012 Bowdens Sold for A$75M Drilling Programs * Based on 18.9 million shares at a pric
Slide 25: Management Team
Management Team John Smith Joe Phillips Gregory Martin Ron Burk John DeCooman President, CEO SVP, Operations SVP and Chief VP, Exploration VP, Business and Director and Development Financial Officer Development Bruce Kennedy Robert Byrd Wade Stogran Andrew Sharp Trevor Yeomans General Manager, Count
Slide 26: Key Goals for 2011 / 2012
Key Goals for 2011 / 2012 2011 Improve the performance of Pirquitas Accelerate Pitarrilla sulphide and oxide project Enhance liquidity for our development projects Build capability and deliver value through our people 2012 Quarter-on-quarter performance to plan at Pirquitas Add r
Slide 27: Why Silver Standard
Why Silver Standard Significant catalysts in 2012 Share Price 1 $12.02 Basic Shares Outstanding 2 80.7 Compelling valuation Market Capitalization $971 Large-scale primary silver assets Less: Net Cash3 ($226) 4 Less: Pretium Interest ($270) Pirquitas Less: Other Marketable Securities ($40) To
Slide 28: Now Building Performance
NOW BUILDING PERFORMANCE SSRI:NDAQ | SSO: TSX 28
Slide 29: Mineral Reserves
Mineral Reserves (as at December 31, 2011) Mineral Reserves Metal grade Contained metal Tonnes Silver Gold Lead Zinc Tin Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (mil. oz) (mil. oz) Pirquitas Proven 9.8 180.8 - - 0.51 0.26 57.2 - Probable 5.0 168.4 - - 1.04 0.19 26.9 - Stockpiles 1.5 129.5 - - 1.0
Slide 30: Mineral Resources: Measured & Indicated
Mineral Resources: Measured & Indicated (as at December 31, 2011) Measured & Indicated Mineral Resources (inclusive of Mineral Reserves) Metal grade Contained metal Tonnes Silver Gold Lead Zinc Tin Copper Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (%) (mil. oz) (mil. oz) Pirquitas Measured 12.9 155.
Slide 31: Mineral Resources: Inferred
Mineral Resources: Inferred (as at December 31, 2011) Inferred Mineral Resources Metal grade Contained metal Tonnes Silver Gold Lead Zinc Tin Copper Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (%) (mil. oz) (mil. oz) Pirquitas 7.0 99.7 - - 2.9 0.04 - 22.6 - Pitarrilla* 31.3 64.7 - 0.18 0.44 - 0.01 65
Slide 32: Reserves & Resources: Notes to Tables
Reserves & Resources: Notes to Tables The Reserves and Resources Tables have been prepared in accordance with National Instrument 43-101and Companion Policy 43-101CP. All Mineral Resource estimates in the Measured and Indicated categories are reported inclusive of Mineral Reserve estimates. Mineral
Slide 33: Reserves & Resources: Notes to Tables
Reserves & Resources: Notes to Tables Diablillos Mineral Resources are estimated at a cut-off grade of US$10.00 recovered metal value (RMV), using US$700 per troy ounce gold and US$11.00 per troy ounce silver, and recoveries of 65% gold and 40% silver, as presented in the Company’s Technical Report
Slide 34: Presentation Footnotes
Presentation Footnotes 1) See the NI 43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina, dated December 23, 2011 filed on SEDAR and available on the company’s web site. See news release dated January 12, 2012, for cost guidance. New reserve and resources estimates account for m
Slide 35: Silver Standard
SILVER STANDARD SSRI:NDAQ| SSO: TSX 35
Slide 36: Corporate Presentation
CORPORATE PRESENTATION SSRI:NDAQ | SSO: TSX 36
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