Slide 1: Q1 2016 Conference Call
Q1 2016 CONFERENCE CALL May 12, 2016
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
Slide 3: Value and Growth
Value and Growth Claude Resources acquisition announced Delivered strong production at lower costs Free cash flow increased cash position to $218M Advanced Chinchillas project: development decision expected in Q4 Continued exploration success and investing for the future SSRI:NASDAQ │SSO:T
Slide 4: Marigold: Q1 2016
Marigold: Q1 2016 Achieved mining cost of $1.45/tonne, lowest since Q4 2010 Produced 50,520 oz of gold at cash costs of $719/oz gold sold Added three haul trucks, increasing daily tonnes moved to 220,000 Improved 2016 production and cost guidance Notes: Cash costs are a non-GAAP financial me
Slide 5: Pirquitas: Q1 2016
Pirquitas: Q1 2016 Achieved record low cash costs of $8.93/oz silver sold Produced 2.6M oz of silver Achieved record monthly production of over 1M oz of silver in March 2016 Decreased 2016 cash costs guidance Notes: Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Reg
Slide 6: Exploration: Focus on Mine Life Extension
Exploration: Focus on Mine Life Extension Marigold: Success in Resource to Reserve conversion Pirquitas: Focus on Chinchillas evaluation Claude Resources: Well-positioned for Resource conversion Perdito: High-grade, Carlin-type sediment-hosted gold target SSRI:NASDAQ │SSO:TSX 6
Slide 7: Selected Operating and Financial Results
Selected Operating and Financial Results Units Q1 2016 Q4 2015 Q1 2015 Gold Production oz 50,520 61,461 55,598 Gold Sales oz 48,605 62,827 55,865 Silver Production Moz 2.6 2.6 2.7 Silver Sales Moz 3.2 1.9 2.9 Revenue $M $101.5 $90.6 $111.7 Income (Loss) from Mine $M $23.3 ($20.5) $30.4 Operations Ad
Slide 8: Financial Strength and Growth
Financial Strength and Growth Units Q1 2016 Q4 2015 Q1 2015 Cash $M $218 $212 $176 Marketable Securities $M $95 $88 $91 Total Assets $M $881 $872 $989 Current Liabilities $M $129 $136 $119 Working Capital $M $355 $341 $358 SSRI:NASDAQ │SSO:TSX 8
Slide 9: Improved 2016 Guidance
Improved 2016 Guidance Units Marigold Pirquitas Gold Production oz 200,000 – 210,000 – Silver production Moz – 8.0 – 10.0 Zinc production Mlb – 0.0 – 5.0 Cash costs per payable ounce sold $/oz $690 – $740 $9.50 – $11.50 Capital expenditures $M $32 $5 Capitalized stripping costs $M $30 – Notes: Pleas
Slide 10: Creating a High-Quality Precious Metals Producer
Creating a High-Quality Precious Metals Producer Announced acquisition of Claude Resources on March 7, 2016 High margin mining operations Large, underexplored land package Strong Q1 operational and financial results for Claude Shareholder meetings to be held May 18, 2016 SSRI:NASDAQ │SSO:T
Slide 11: Creating Value and Growth
Creating Value and Growth Strong quarterly operating and financial performance Enhanced guidance at Marigold and Pirquitas Announced acquisition of Claude Resources Well-positioned to continue executing strategy SSRI:NASDAQ │SSO:TSX 11
Slide 12: Silver Standard Resources Inc. contact details
Silver Standard Resources Inc. Website: www.silverstandard.com Email: invest@silverstandard.com Toll-free: 1.888.338.0046 Telephone: 1.604.689.3846