Slide 1: Year End 2017 Conference Call
YEAR END 2017 CONFERENCE CALL February 23, 2018
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements This pr es entati on c ont ain s forw ar d-l ook in g info rmat io n wit hin th e me an in g of C an adi an s ec uriti es l aws an d forw ard -lo ok in g statem ents with in th e me an in g of the U.S. Pri vate S ec uriti es L iti
Slide 3: Track Record of Creating Shareholder Value
Track Record of Creating Shareholder Value § Produced +370,000 gold equivalent ounces at cash costs of $703/oz § Met production and cost guidance for a sixth consecutive year § Delivered Seabee PEA estimating higher production at lower costs § Exploration success at Marigold and Seabee with Reserve
Slide 4: Marigold Mine: 2017 Results
Marigold Mine: 2017 Results § Produced 202,240 oz of gold in 2017 § Reported full year cash costs of $647/oz § Produced 52,768 oz of gold in Q4 § Q4 mining rates impacted by safety shutdown § Investing in haulage capacity for long- term growth Note: Cash costs is a non-GAAP financial measure. Please
Slide 5: Marigold Mine: Mineral Reserves Growth since Acquisition
Marigold Mine: Mineral Reserves Growth since Acquisition Additional haul trucks complement longer reserve life 3.5 3.0 2.5 Mineral Reserves (Moz) 2.0 1.5 1.0 0.5 0.0 2014 EOY2014 EOY2015 EOY2016 EOY2017 Technical Report Note: Please refer to “Cautionary Notes” in this presentation and the notes to o
Slide 6: Seabee Gold Operation: 2017 Results
Seabee Gold Operation: 2017 Results § Achieved record annual and quarterly gold production § 2017: 83,998 oz at $602/oz cash costs § Q4: 24,227 oz at $605/oz cash costs § Mill throughput of 970tpd in Q4 § Delivered Seabee PEA estimating 100,000 oz LOM average annual gold production Notes: The Seabee
Slide 7: Puna Operations: 2017 Results
Puna Operations: 2017 Results § Produced 6.2M oz of silver, exceeding upwardly revised guidance § Produced 1.2M oz of silver in Q4 § Reported silver cash costs of $13.07/oz reflecting stockpile processing § Chinchillas EIA approval received Q4 2017 § Project development activities underway Note: Cas
Slide 8: Exploration Success in 2017
Exploration Success in 2017 § Increased Marigold and Seabee gold Mineral Reserves at higher grades § Fisher project: identified two new gold occurrences for follow up in Q1 2018 § Completed first drill program at the SIB project in British Columbia § 80% increase in Marigold and Seabee exploration b
Slide 9: Gold Equivalent Reserves
Mineral Reserves Increased at all Three Operations Y-o-Y 28% 4.5 4.28 4.0 0.65 3.5 3.34 0.44 0.14 Gold Equivalent Reserves 3.0 0.36 (million ounces) 2.5 2.0 3.19 1.5 2.84 1.0 0.5 0.0 EOY2016 EOY2017 Marigold Seabee Puna Operations Notes: Please refer to “Cautionary Notes” in this presentation. Miner
Slide 10: Gold Mineral Reserves and Mineral Resources
Marigold Mineral Reserves and Resources Increased Y-o-Y Mineral Reserves gold grade increased to 0.46 g/t 7 0.63 6 5.66 Gold Mineral Reserves and Mineral Resources 5 (million ounces) 4 0.36 3.19 2.84 (0.22) 0.21 3 2 1 0 2016 Depletion Model Exploration 2017 2017 M+I 2017 Reserves Assumptions Reserve
Slide 11: Gold Mineral Reserves (thousand ounces)
Seabee Mineral Reserves Increased 21% Y-o-Y Gold grade increased to 9.9 g/t 500 166 437 400 361 (92) Gold Mineral Reserves (thousand ounces) 300 200 100 0 2016 Depletion Exploration 2017 Reserves Reserves Notes: Miner al Reserves are bas ed on $1,250/oz gold price assum ption. Gol d Prov en and Prob
Slide 12: Gold Mineral Resources (thousand ounces)
Seabee Mineral Resources Increased 19% Y-o-Y 674 1,200 Gold Mineral Resources (thousand ounces) 800 199 681 574 (92) 400 0 2016 M+I Depletion Exploration 2017 M+I 2017 Resources Resources Inferred Resources Notes: Measured and Indicated Mineral Resources are inclusiv e of Mineral Reserves . Mineral
Slide 13: Selected Financial Results
Selected Financial Results Units Q4 2017 Q4 2016 2017 2016 Gold Sales oz 75,389 78,537 286,279 254,761 Total Silver Sales Moz 0.8 2.6 6.0 11.4 Total Gold Equivalent Sales oz 86,331 114,844 367,950 408,860 Gold Equivalent Production oz 92,594 110,130 370,486 393,325 Revenue $M $107.9 $127.3 $448.8 $4
Slide 14: Financial Strength and Cash Growth
Financial Strength and Cash Growth $500 Units YE 2017 YE 2016 $400 Cash $M $460 $327 Year End Cash (millions) $300 Marketable Securities $M $114 $149 Total Assets $M $1,537 $1,439 $200 Current Liabilities $M $71 $144 $100 Working Capital $M $728 $560 $0 2014 2015 2016 2017 Balance Sheet Remains amon
Slide 15: 2018 Production and Cash Costs Guidance
2018 Production and Cash Costs Guidance Marigold Seabee Puna SSR Mining (75% interest) Gold Gold Silver Gold Equivalent Production 190K – 210K oz 85K – 92K oz 2.3M – 3.3M oz 305K – 345K oz Cash Costs $725/oz – $775/oz $560/oz – $610/oz $12.50/oz – $15.00/oz $705/oz – $760/oz (US$/oz) Mid-point Guida
Slide 16: Track Record of Creating Value and Growth
Track Record of Creating Value and Growth § Delivered strong operating performance, meeting guidance sixth consecutive year § Defined growth strategy at Seabee and Puna Operations § Increased Mineral Reserves and Mineral Resources at all three operations § Increased cash balance for ninth consecutiv
Slide 17: 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