Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Silver Standard Resources — Shareholder Meeting (May 2014)
25 slides from Ssr Mining's shareholder meeting presentation, May 9, 2014
Slide 1: 2014 Annual and Special Meeting
2014 ANNUAL AND SPECIAL MEETING May 9, 2014 SSRI:NDAQ | SSO: TSX 1
Slide 2: 2014 Annual and Special Meeting of Shareholders is in progress
2014 Annual and Special Meeting of Shareholders of Silver Standard Resources Inc. is in progress SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX TSX 2
Slide 3: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of Canadian securities laws (collectively
Slide 4: What sets Silver Standard apart
What sets Silver Standard apart people assets capital SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX TSX 4
Slide 5: Share Price Performance
SHARE PRICE PERFORMANCE SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX TSX 5
Slide 6: Share Price Performance: FY 2013
Share Price Performance: FY 2013 110 100 90 Relative Performance 80 70 60 50 40 30 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 SSRI (-53%) Silv COMEX (-36%) Peer Average (-51%) * Annual SSRI performance in line with peers * Peer average includes: PAAS, CDE, HL, HOC, SLW, SVM. SSRI:NASDAQ SSRI:NDAQ | |
Slide 7: Share Price Performance: YTD 2014
Share Price Performance: YTD 2014 * 160 150 Relative Performance 140 130 120 110 100 90 Jan-14 Feb-14 Mar-14 Apr-14 SSRI (33%) Silv COMEX (-4%) Peer Average (-2%) ** In 2014 SSRI is significantly outperforming peers * Relative performance is for the period January 1 to April 30, 2014. ** Peer averag
Slide 8: People
PEOPLE SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX TSX 8
Slide 9: Our Safety and People: Key to Our Success
Our Safety and People: Key to Our Success Safety performance improved in 2013 Reduced workplace injuries by 25% Enhanced technical skills through recruitment Improves capacity by adding the Marigold team Company-wide restructuring program Committed to safe production SSRI:NASDAQ SSRI:NDAQ
Slide 10: Strong Technical and Commercial Experience
Strong Technical and Commercial Experience Board of Directors Peter Tomsett Michael Anglin Richard Campbell Gustavo Herrero Richard Paterson Steven Reid Chairman Management Team John Smith Gregory Martin Alan Pangbourne John DeCooman President, CEO SVP and Chief SVP, Projects VP, Business Developmen
Slide 11: Assets
ASSETS SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX TSX 11
Slide 12: Our Business Portfolio
Our Business Portfolio 10 1 8 1. Marigold 7 8. Maverick 6. Berenguela 5. Diablillos Springs 3 3. Pitarrilla 9 Exploration Development Production 2. Pirquitas 9. San Marcial 4. San Luis 4 6 10. Sunrise Lake 7. Candelaria 2 5 San Agustin Challacollo Snowfield Bowdens Brucejack Balanced growth portfoli
Slide 13: Pirquitas – 2013 in Review
PIRQUITAS – 2013 in Review Optimizing mine and plant processes Realized cost savings and beat guidance Produced 8.2M oz of silver Produced record 27M lbs of zinc Focused on operational excellence SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX TSX 13
Slide 14: Marigold – Upgrades our Portfolio
MARIGOLD – Upgrades our Portfolio Improves operating and political risk profile Generates immediate operating cash flow Leverages open-pit operating capabilities Adds strong technical and operating team Maintains financial capacity for internal growth SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX
Slide 15: 2014 Guidance
2014 Guidance Pirquitas Marigold Silver and Gold production 8.2 – 8.6Mozs Ag 105,000 – 115,000ozs Au Zinc production 25 – 30Mlbs Cash costs per payable ounce sold* $12.50 – $13.50/oz Ag $1,000 – $1,100/oz Au * Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Regarding Non-GAA
Slide 16: Pitarrilla – 2013 in Review
PITARRILLA – 2013 in Review Advanced project fundamentals Re-prioritized SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX TSX 16
Slide 17: San Luis – 2013 in Review
SAN LUIS – 2013 in Review Cochabamba community agreement signed Ecash community agreement pursued Exploration work at the Bonita Zone underway SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX TSX 17
Slide 18: Exploration – Organic Growth
EXPLORATION – Organic Growth Delivered value through project portfolio Advancing exploration opportunities SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX TSX 18
Slide 19: Capital
CAPITAL SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX TSX 19
Slide 20: Cash Costs: Lowered cost profile
Cash Costs: Lowered cost profile $16.88 $13.32 Cash costs per payable $12.87 $11.75 ounce of silver Q3 2013 Q4 2013 2012 2013 Note: Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Regarding Non-GAAP Measures” in this presentation. Information has been restated as discussed i
Slide 21: Financial Strength to Fund Growth
Financial Strength to Fund Growth 2013 Cash $416M Current Assets* $688M Current Liabilities $104M Working Capital* $584M * Inclusive of Pretium Resources Inc. investment of $97.8 million and Argonaut Gold Inc. investment of $25.6 million as of December 31, 2013. SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX
Slide 22: Building Strength: Achievements 2010 – 2014
Building Strength: Achievements 2010 – 2014 Bowdens Pretium IPO sold for Pirquitas cash of $71M reserves $211M Pretium Added Secondary in-country Offering $183M expertise Added Pirquitas Pirquitas management Pitarrilla exceeded delivering capability feasibility 2012 on plan study guidance Raised $26
Slide 23: 2014 Goals
2014 GOALS SSRI:NASDAQ SSRI:NDAQ | |SSO: SSO:TSX TSX 23
Slide 24: Elements for growth
Safe Production at Lowest Cost Successfully integrate and optimize Marigold Advance operational excellence at Pirquitas Define pathways for San Luis and Pitarrilla Maintain strong balance sheet and cost discipline Focus on growth opportunities Elements for growth SSRI:NASDAQ SSRI:NDAQ ||SS
Slide 25: Silver Standard growth
SILVER STANDARD growth
Silver Standard Resources — Shareholder Meeting (May 2014) on 6ix