Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Investor Presentation (July 2019)

45 slides from Ssr Mining's investor presentation, Jul 31, 2019

1. Slide 1: A Track Record of Creating Value

   A TRACK RECORD OF CREATING VALUE July 2019

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, “f

3. Slide 3: Why SSR Mining?

   Why SSR Mining? A long-term track record of creating value Investor Challenges SSRM Investment Catalysts × Inconsistent operating performance  Met guidance seven consecutive years × Declining reserves  Track record of reserve growth × Declining production  Production growth 40% through 2021 × Sin

4. Slide 4: A Track Record of Creating Value

   A Track Record of Creating Value ~400,000 oz AuEq 2019 gold equivalent production guidance Achieved production guidance seven consecutive years Silver 20% 100% of Gold Production is North America- Gold based 80% $2.0B market cap Operating Mines Strong institutional shareholding with good daily tradi

5. Slide 5: Track Record of Growth and Decreasing Costs

   Track Record of Growth and Decreasing Costs Near-term production growth to +440,000 oz AuEq by 2021 500 $1,200 $1,000 400 Cash Cost ($/oz Gold-Equivalent) Gold-Equivalent Production (k oz) $800 300 $600 200 $400 100 $200 0 $0 2012A 2013A 2014A 2015A 2016A 2017A 2018A 2019E 2020E 2021E Puna Marigold

6. Slide 6: Track Record of Long-Term Financial Discipline

   Track Record of Long-Term Financial Discipline Strong cash position provides strategic flexibility and opportunity Acquired Acquired Marigold Seabee $500 April 4, 2014 May 31, 2016 (all cash) (all shares) $400 Cash Balance ($M) $300 $200 $100 $0 Q1 2014 YE 2014 YE 2015 YE 2016 YE 2017 YE 2018 Q1 201

7. Slide 7: Track Record of Value Creation Through M+A

   Track Record of Value Creation Through M+A ‘OE’ and mine life extension have been key to our success Marigold Mine Seabee Gold Operation Exploration Exploration 1.9x 2.9x $843 $479 $254 $287 Announced Value Estimated Value Announced Value Estimated Value  Increased production to +200,000 oz/yr  In

8. Slide 8: Track Record of Growing Net Asset Value Per Share

   Track Record of Growing Net Asset Value Per Share $13 +86% $12 $11 Net Asset Value ($/sh) $10 $9 $8 +22% $7 $6 $5 $4 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 SSR Mining Peer Index Notes: Peer index represents an equal weighted index, indexed to SSR Mining NAV per share b

9. Slide 9: Track Record of Delivering Results

   Track Record of Delivering Results Met or exceeded guidance for seven consecutive years Reliable trend of delivering more …at lower cash costs with less gold… variability 450 $1,200 400 $1,100 Gold-Equivalent Cash Costs ($/oz) $1,000 Gold-Equivalent Production (k oz) 350 $900 300 $800 250 $700 200 $

10. Slide 10: 2019 Production and Cash Costs Guidance

    2019 Production and Cash Costs Guidance Marigold Seabee Puna SSR Mining (75% attributable interest) (75% attributable interest) Gold Gold Silver Gold Equivalent Production 200K – 220K oz 95K – 110K oz 6.0M – 7.0M oz 370K – 415K oz (4.5M – 5.3M oz) (350K – 395K oz) (H1 2019 actual production) (108K o

11. Slide 11: ESG: Supporting our Communities and Local Economies

    ESG: Supporting our Communities and Local Economies We have strong Health and safety We invest in our Our people are environmental are our priority communities important stewardship 2.18 Seabee supported construction of Zero 100% TRIFR community school Significant environmental of Chinchillas new hi

12. Slide 12: ESG: First Decile Corporate Governance Rating

    ESG: First Decile Corporate Governance Rating Market Data ISS Data Market Cap Shareholder Audit & Risk Company Name ($B) Quality Score Board Structure Compensation Rights Oversight SSR Mining Inc. $2.0 1 1 1 1 2 Kirkland Lake Gold Ltd. $9.6 7 5 6 7 2 Pan American Silver Corp. $3.3 5 7 6 1 2 Detour G

13. Slide 13: Marigold Mine

    MARIGOLD MINE GROWTH IN NEVADA

14. Slide 14: Marigold: Large Scale, Low-Cost Producer

    Marigold: Large Scale, Low-Cost Producer  Open pit, run-of-mine heap leach gold operation  ~200,000 tonnes of material moved per day  Strong safety and environmental practices  Significant exploration upside Twin Creeks Goldstrike  10-year Mineral Reserves life with potential to extend MARIGOLD

15. Slide 15: Creating Value by Extending Mine Life

    Creating Value by Extending Mine Life Mineral Reserves replacement at $30/oz gold Anticipated production growth … with reserve replacement at an and improving cash costs … increased gold grade of 0.47g/t 300 6 0.40 5.56 $770 $800 $723 $745 250 266 266 Gold Mineral Reserves and Resources 5 225 Cash C

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

    Marigold: Exploration Success and Resource Conversion 8N TZN 8S 8SX N North Red Dot Mackay reserve pit outline Leach Red Dot Pad South Current mining area Red Dot Waste MUD Valmy Basalt-Antler SSRM:NASDAQ/TSX PAGE 16

17. Slide 17: Acquired 8,900 ha Contiguous to Marigold

    Acquired 8,900 ha Contiguous to Marigold Increased Marigold land package by 84%  Acquired 100% of the Trenton Canyon and Buffalo Marigold property N Trenton Canyon property Valley properties Q2 2019 Buffalo Valley property 2018 and 2019 land  Favorable to hosting oxide and deep sulphide acquisitio

18. Slide 18: Seabee Gold Operation

    SEABEE GOLD OPERATION HIGH-GRADE GOLD MINE

19. Slide 19: Seabee: Overview

    Seabee: Overview High-margin underground operation in a stable jurisdiction  High-grade, underground mine in Saskatchewan, Canada  Strong safety and environmental practices  Large underexplored land position of +57,000 ha  Track-record of Mineral Resources conversion and growth  2019 production

20. Slide 20: Seabee Mineral Reserves and Resources Increased Y-o-Y

    Seabee Mineral Reserves and Resources Increased Y-o-Y Mineral Reserves gold grade is 9.2 g/t 1,400 483 1,200 Gold Mineral Reserves and Resources 1,000 856 (thousand ounces) 800 283 608 600 437 (103) 400 (9) 200 0 2017 Depletion Model Exploration 2018 2018 M+I 2018 Reserves Assumptions Reserves Resou

21. Slide 21: Fifth Consecutive Annual Production Record in 2018

    Fifth Consecutive Annual Production Record in 2018 Low cash costs of ~$500/oz gold 140 $1,200 Acquired 120 120 the Seabee Gold Operation May 31, 2016 $1,000 108 $998 103 $954 100 96 $800 Cash Costs ($/oz gold) 84 77 Gold Production (k oz) 80 $757 75 $663 $600 63 $602 60 $525 $540 50 $505 $504 45 $44

22. Slide 22: Operational Excellence Driving Seabee Mill Improvements

    Operational Excellence Driving Seabee Mill Improvements Higher 2019 milling rates driven by increased UG mine capacity 1,500 Single day mill throughput record 1,400 of 1,442 tpd 1,300 Mill Mill test trial test trial 1,200 Mill Dry Tonnes per Day 1,100 1,000 Forest 900 fires 800 700 600 500 Decreased

23. Slide 23: Increased Mine Capacity in 2019

    Increased Mine Capacity in 2019 UG mining and ore transport equipment delivered and operating 6-cubic yard LHD machine 45-tonne articulated dump truck SSRM:NASDAQ/TSX PAGE 23

24. Slide 24: Seabee: Exploration Extends Reserves Near Infrastructure

    Seabee: Exploration Extends Reserves Near Infrastructure Track record of resource conversion and discovery 0 m Elev Santoy Gap (9A, 9B, 9C) Santoy 8A 4.0m at 23.3g/t (SUG-19-006) (GHW) 4.1m at 27.4g/t (SUG-17-052) 4.8m at 12.3g/t (SUG-18-612) (HW) 18.2m at 7.0g/t -500 m (SUG-19-601) (GHW) 4.1m at 25

25. Slide 25: Large, Contiguous Land Package

    Large, Contiguous Land Package Testing +30km of shear zone strike length N 23,300 hectare land package at Seabee Seabee mill, airstrip & camp Santoy Mine Complex Fisher exploration camp 37,700 hectare land package at Fisher Project (option agreement) All weather road Gold occurrence Santoy shear zon

26. Slide 26: Seabee: Opportunities

    Seabee: Opportunities  Deliver on PEA expansion case to 1,050 tpd  Drive Operational Excellence initiatives  Evaluate 1,200 tpd sustained mill throughput  2019 exploration budget of $6M  Santoy Gap hanging wall  Santoy 8A Seabee Gold Operation  Fisher property Flin Flon Saskatoon  Focused on

27. Slide 27: Puna Operations

    PUNA OPERATIONS LARGE-SCALE SILVER PRODUCER

28. Slide 28: Puna Operations Joint Venture

    Puna Operations Joint Venture Ramp-up in 2019 to steady-state silver production of +6Moz per year  SSR Mining is the JV operator with a 75% interest  JV includes Chinchillas, a silver-lead-zinc deposit, and the Pirquitas plant and facilities located 45 km away  Declared commercial production Dece

29. Slide 29: Puna: Delivering Silver Production Growth in 2019

    Puna: Delivering Silver Production Growth in 2019 Significant LOM base metals exposure from lead and zinc 2019 Guidance Medium Term Outlook  Attributable Production: 8 $16 7.0 6.9 6.9 Silver-Equivalent Attributable Production (M oz) $14  Silver: 4.5M to 5.3M oz Cash Cost ($/oz Silver-Equivalent) 6

30. Slide 30: Pitarrilla Project: Potential for Expanding High Grade Zones

    Pitarrilla Project: Potential for Expanding High Grade Zones  Large undeveloped silver-lead-zinc project in Durango, Mexico  Evaluating exploration program to expand high grade zones  M+I Mineral Resources:  Open pit: 159MT grading 97 g/t silver, 0.35% lead and 0.89% zinc (496.5M oz contained si

31. Slide 31: Pitarrilla Underground Silver-Lead-Zinc Project

    Pitarrilla Underground Silver-Lead-Zinc Project Evaluating exploration program to expand high grade zones Pitarrilla Mineralization Proposed drillholes Proposed decline Existing decline 400m E 0m E Existing drillholes completed from surface High grade mineralized zone High grade vertical silver vein

32. Slide 32: Advancing the Las Chispas High-Grade Ag-Au Deposit

    Advancing the Las Chispas High-Grade Ag-Au Deposit SilverCrest Metals Inc. (TSXV: SIL) well funded to execute plan  Las Chispas 2019 PEA results Las Chispas Project  1,250 tpd UG operation with +8 year mine life Sonora, Mexico  127K oz AuEq per year with $564/oz AuEq AISC  Initial and sustaining

33. Slide 33: SSR Mining: Investment Highlights

    SSR Mining: Investment Highlights Delivering value and growth for our shareholders Production Growth: Increasing near-term gold production to +440,000 oz by 2021 at $615/oz cash costs Management Discipline: First decile governance rating and a track record of disciplined M+A and capital allocation F

34. Slide 34: Value & Growth

    Value & Growth SSRM:NASDAQ/TSX PAGE 34

35. Slide 35: Selected Financial Results for 2017 and 2018

    Selected Financial Results for 2017 and 2018 Units 2018 2017 Gold Sales oz 290,294 286,279 Silver Sales Moz 3.8 6.0 Total Gold Equivalent Sales oz 335,267 364,538 Gold Equivalent Production oz 347,090 370,486 Revenue $M $420.7 $448.8 Income from Mine Operations $M $76.8 $113.3 Net (Loss) Income $M $

36. Slide 36: Convertible Note Refinancing Provides Financial Flexibility

    Convertible Note Refinancing Provides Financial Flexibility Lower coupon, lower leverage ratios and strong cash balance $230 $(150) $600 $(38) $461 $419 Cash Balance ($M) $400 $200 $0 2018 YE Cash 2019 Convertible Notes 2013 Convertible Notes Q1 2019 Uses of Cash Q1 2019 Cash Offering Redemption 201

37. Slide 37: Marigold: Exploration Success and Resource Conversion

    Marigold: Exploration Success and Resource Conversion Red Dot Phase I added Mineral Reserves of 350,000oz of gold 8N TZN 8S 8SX N Red Leach Dot Pad North Mackay reserve pit outline Red Dot Current mining area EOY 2018 Pits surface EOY 2018 EOY 2018 Original Surface W EOY 2017 Resource Pit Reserve Pi

38. Slide 38: Chinchillas Mine: Data Sheet (100% Basis)

    Chinchillas Mine: Data Sheet (100% Basis) Declared commercial production December 1, 2018 Mine life: 8 years N Total material mined: 66.6 M tonnes Strip ratio: 4.7 Processing rate: 4,000 tpd 6.1 Moz Silver Average annual 35.0 Mlb Lead production (8 years active mining): 12.3 Mlb Zinc 8.4 Moz Silver

39. Slide 39: Mineral Reserves

    Mineral Reserves (as of December 31, 2018) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest millions g/t g/t % % % Silver Gold Interest million oz million oz Proven Mineral Reserves Seabee Canada 0.33 9.00 100 0.09 Chinchillas Argentina 0.94 196 0.67 0.33 75 4.5 Total 4.5 0.09

40. Slide 40: Mineral Resources: Measured and Indicated

    Mineral Resources: Measured and Indicated (as of December 31, 2018) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest millions g/t g/t % % % Silver Gold Interest million oz million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Seabee Canada 0.45 11.76 100

41. Slide 41: Mineral Resources: Inferred

    Mineral Resources: Inferred (as of December 31, 2018) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest millions g/t g/t % % % Silver Gold Interest million oz million oz Inferred Mineral Resources Marigold U.S. 33.60 0.37 100 0.40 Seabee Canada 1.70 8.82 100 0.48 Chinchillas Arg

42. Slide 42: Reserves and Resources: Notes to Tables

    Reserves and Resources Notes to Tables All estimates set forth in the Mineral Reserves and Mineral Resources table have been prepared in accordance with NI 43-101. The estimates of Mineral Reserves and Mineral Resources for each property other than the Marigold mine, the Seabee Gold Operation and th

43. Slide 43: SSR Mining Executive Team and Board of Directors

    SSR Mining Executive Team and Board of Directors Depth of experience and a top governance rating Paul Benson Nadine J. Block W. John DeCooman, Jr. Gregory J. Martin Kevin O’Kane President and CEO SVP, Human Resources SVP, Business Development SVP and CFO SVP and COO and Strategy Michael Anglin Brian

44. Slide 44: Relative Performance

    SSR Mining Inc. Share capital structure, convertible note and top shareholders overview Top 10 Shareholders % of Shares Outstanding Institutional Holdings by Country Van Eck 13.7% Renaissance Technologies 4.8% United States Investec Asset Management 4.0% Canada Connor Clark & Lunn Investment Managem

45. Slide 45: SSR Mining Inc. Contact

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

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