Slide 1: A Free Cash Flow Focused Gold Producer
A FREE CASH FLOW FOCUSED GOLD PRODUCER April 2021
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to us, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively “forward
Slide 3: Diversified Portfolio of High Quality, Long-Life Assets
Diversified Portfolio of High Quality, Long-Life Assets Operations and projects across six jurisdictions High Quality 2021 production: 720 – 800 koz AuEq (1) Operations Projects Diversified 9+ Moz AuEq Mineral Reserves (2) Portfolio 21+ year cornerstone asset life (3) Seabee Peer leading fre
Slide 4: Developing a Sustainable Legacy
Developing a Sustainable Legacy Creating value through responsible and sustainable operations (7) Building strong Building positive Building strong Building a safe, governance and legacies in environmental healthy and transparency communities stewardship competent workforce Building a science- New s
Slide 5: Corporate 2021 Outlook
2021 Outlook Operational delivery, free cash flow generation, capital returns and growth Priorities 2021 Production Guidance (1) Continued operational delivery and free cash flow generation across all mines Çöpler 310 – 340 Corporate Au koz Health & safety focus across the portfolio Marigold Au
Slide 6: Free Cash Flow Leader
Free Cash Flow Leader Peer leading free cash flow generation and yield 2021E Consensus Free Cash Flow Per Ounce (4,5) US$ per ounce | Consensus Free Cash Flow (100% basis) / Consensus Ounces Produced +$300/oz +$600 $302 SSR Mining Midcap Peer Group 2021E Consensus Free Cash Flow Yield (4,5) % | Cons
Slide 7: Significant Financial Strength
Significant Financial Strength Robust balance sheet and credit metrics ~$900M of Consolidated Cash (6) Net Debt to 2021E EBITDA (10) Face Value Debt Maturity Interest Rate ($M) Market Capitalization (9) ~$3.4B Centamin (0.6x) LIBOR + Project Finance US$210 2023 3.50% - 3.70% IAMGOLD (0.5x) Convertib
Slide 8: Capital Return Policy
Capital Return Policy Inaugural Base Dividend Announced Capital Allocation Strategy Base Dividend Continued investment in high-return growth Quarterly ‘Base Dividend’ of $0.05 per share Maintain peer leading financial strength Declared Q1 2021 Provide sustainable capital returns to shareholders Yiel
Slide 9: Robust Exploration and Growth Pipeline
Robust Exploration and Growth Pipeline Near Mine Targets to Sustain and Grow From 700 – 800koz AuEq for at least 10+ years Çöpler District (+325koz11) Marigold (+250koz11) Seabee (+100koz11) Puna (+6.5Mozpa11) Ardich Mackay Santoy Gap HW Chinchillas Cöpler In-Pit Valmy Santoy HW Regional Cöpler Sadd
Slide 10: Overview of Assets
MINING Overview of Assets
Slide 11: Çöpler: World-Class Long-Life Operation
Çöpler: World-Class Long-Life Operation Location: Turkey Stage: Production Ownership: 80% Mining: Open pit Processing: Heap leach, POX Land: ~27,000 ha POX Plant Q4 2020 Highlights 4Q20 gold production of 83 koz at $748 /oz AISC Production in-line with revised mine plan adopted to diversify ore
Slide 12: Çöpler District Growth Pipeline
Çöpler District Growth Pipeline $33M budget focused on conversion, additions and discovery Infill / Resource Conversion 1 1 Ardich 2 Çöpler In-Pit 2 4 3 Çöpler Saddle 3 4 2 1 New Target Exploration / Definition 3 5 4 C2 Copper-Gold 6 5 Mavialtin 5 6 Turkey Regional SSRM:NASDAQ/TSX PAGE 12
Slide 13: Ardich: Targeting Upside to PEA Case
Ardich: Targeting Upside to PEA Case Strong potential for conversion and resource growth Overview Ardich 2021 Planned Drilling Ardich located ~6 km from Çöpler 2020 Mineral Resource and PEA case Proposed 2021 Holes N included 314 holes as of February 2020 PEA Pit Boundary Main Total drilling:
Slide 14: Marigold: Large-Scale Open Pit in Nevada
Marigold: Large-Scale Open Pit in Nevada Location: Nevada, USA Stage: Production Ownership: 100% Marigold Rope Shovel Mining: Open pit Processing: Run-of-mine, heap leach Land: ~20,000 ha Q4 2020 Highlights Record 4Q20 gold production of 77 koz at $1,070 /oz AISC 15% production increase vs. prev
Slide 15: Marigold Growth Pipeline
Marigold Growth Pipeline +70,000 meters of drilling planned in 2021 Valmy N 5 4 1 Marigold Trenton 6 Canyon 2 3 500 meters 1 New Millennium 2 Trenton Canyon 3 Buffalo Valley 4 Valmy 5 Mackay Pit 6 Deep Sulphide SSRM:TSX / NASDAQ, SSR:ASX PAGE 15
Slide 16: Marigold: Barriers Removed, New Millennium Concept
Marigold: Barriers Removed, New Millennium Concept Provides resource upside with higher grade potential New Millennium N Concept uncovered with recent property Crossfire purchases Valmy and Section 6 Basalt and Antler pits historically mined ~1Moz Valmy at 0.75 g/t Au Basalt current Mineral Re
Slide 17: Seabee: High-Grade Underground in Canada
Seabee: High-Grade Underground in Canada Location: Saskatchewan, Canada Stage: Production Ownership: 100% Seabee Mill Mining: Underground Processing: Gravity concentration, Land: ~60,000 ha cyanide leaching (including joint venture) Q4 2020 Highlights Strong 4Q20 gold production of 32 koz at $787
Slide 18: Seabee Growth Pipeline
Seabee Growth Pipeline Testing +30km of shear zone strike length Infill / Resource Conversion N Santoy Mine Complex Santoy 8/9 Infill 1 Santoy Gap HW 23,300 hectare land Santoy HW package at Seabee 2 Santoy FW New Target Exploration / Definition Seabee mill, 2 airstrip & camp 4 3 Batman and Joker 1
Slide 19: Puna: Large Silver Producer
Puna: Large Silver Producer Location: Argentina Stage: Production Ownership: 100% Chinchillas Mine Mining: Open pit Processing: Flotation Land: ~10,000 ha Q4 2020 Highlights 4Q20 production of 2.2 Moz Ag at AISC of $15.90 / oz Produced 5.6 Moz Ag in 2020, exceeding updated full-year guidance S
Slide 20: Appendix
MINING Appendix
Slide 21: Strong Quarterly Financial Results
Strong Quarterly Financial Results Financial Highlights (13) EPS Bridge 0.01 Q4 Q4 $0.60 0.02 Units (0.03) 2020 2019 0.13 (0.04) 0.50 Gold Equivalent Production oz 220,432 106,205 $0.50 Gold Sales oz 182,328 85,404 0.41 Silver Sales Moz 1.0 2.6 $0.40 Total Gold Equivalent Sales oz 194,862 114,268 Re
Slide 22: Endnotes
Endnotes 1. Please see our news release dated January 19, 2021. Gold equivalent production and AISC are based on a 76:1 gold to silver ratio. AISC is a non-GAAP financial measure. See "Cautionary Note Regarding Non-GAAP Measures” in this presentation. 2. Mineral Reserves and Mineral Resources for Çö
Slide 23: SSR Mining Inc.
SSR Mining Inc. www.ssrmining.com F. Edward Farid, Executive Vice President, Chief Corporate Development Officer Brian Martin, Director, Corporate Development & Investor Relations Telephone: +1 888.338.0046 or +1 604.689.3846 Email: invest@ssrmining.com