Slide 1: A Free Cash Flow Focused Gold Producer
A FREE CASH FLOW FOCUSED GOLD PRODUCER Denver Gold Forum September 2020
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 press release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively “forwar
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 ▪ 2020 production: 680 – 760 koz AuEq (1) Diversified ▪ ~8.5 Moz AuEq Mineral Reserves (2) Portfolio ▪ 17+ year cornerstone asset life (3) Seabee Marigold Free Cash ▪ 2020 AISC: $965
Slide 4: Developing a Sustainable Legacy
Developing a Sustainable Legacy Successful culture focused on discipline and integrity (6) Environmental Safe Production Governance, Responsibility Social Performance and Diversity ✓ Zero significant environmental ✓ Zero fatalities ✓ Material investment in incidents or spills communities ✓ COVID-19
Slide 5: 2020 Outlook
2020 Outlook Operational delivery, free cash flow generation & disciplined growth 2020 Priorities 2020 Production Guidance (1) Operations ▪ Çöpler & Marigold continued operational delivery Çöpler Au koz 310 – 360 ▪ Seabee & Puna ramp-up post COVID-19 temporary suspensions Marigold Au koz 225 – 240 ▪
Slide 6: Significant Financial Strength
Significant Financial Strength Robust balance sheet and credit metrics Over $700M of Cash & Attractive Credit Metrics (7,9) Net Debt to 2021E EBITDA (11) Debt Amount ($M) Maturity Interest Rate Market Capitalization (10) ~$5B Centamin (0.6x) Project Finance US$245 2023 LIBOR + 3.50% - 3.70% IAMGOLD
Slide 7: Free Cash Flow Leader
Free Cash Flow Leader Strong free cash flow generation 2021 – 2022E Average Consensus Free Cash Flow Per Ounce (4,5) US$ per ounce | Operating Cash Flow less Capex (100% basis) / ounces produced >$650 $644 $625 $605 $597 $578 $544 $524 $501 $438 $366 $360 $240 ($32) Yamana Saracen Equinox Alamos Eld
Slide 8: Experienced Leadership
Experienced Leadership Track record of delivery based on a diverse technical skill set Diverse Operating & Development Skill Set Track Record of Value Creation (8) 300 ▪ Large-scale open pit operations Mining ▪ Narrow-vein underground mining +168% 250 +155% Share Price Performance (Indexed to 100) ▪
Slide 9: Overview of Assets
MINING Overview of Assets
Slide 10: Track Record of Growth
Track Record of Growth Driven by organic growth and M&A Production Growth (12) Production by Asset MOE with Alacer 2020 Guidance Midpoint COVID-19 Suspensions AuEq. (100% Basis) Commercial Production at Çöpler Sulfide Plant Puna 10% Seabee 12% Acquired Acquired Built Çöpler Marigold 760 750 Seabee S
Slide 11: Çöpler: Overview
Çöpler: Overview Location: Turkey Stage: Production Ownership: 80% POX Plant Mining: Open pit Processing: Heap leach, POX Land: ~17,000 ha ▪ ‘Tier 1’ gold operation that can process oxide and sulfide ore ▪ 300koz+ annual production (2019A and 2020 guidance) ▪ First quartile AISC (<$760/oz) (13) ▪ 17
Slide 12: Çöpler: World-Class Asset with Significant Upside
Çöpler: World-Class Asset with Significant Upside Optionality to process oxide or sulfide ore longer-term Operational Highlights (13,14) Snapshot ▪ Year-to-date production of 167,212 oz at mine-site AISC of $744 per oz ▪ Planned shutdown of autoclave 1 (scheduled for June) delayed due to excellent c
Slide 13: Çöpler Development Pipeline
Çöpler Development Pipeline Building a pathway to 300k – 400koz Au production for 10+ years Ardich Mining: Open pit Processing: Heap leach Ownership: 80% ▪ Mineral Resources: 817 koz Indicated, 593 koz Inferred (2) ▪ Mineralized strike extended to ~1.4km, target could extend beyond 2km ▪ Work underw
Slide 14: Marigold: Overview
Marigold: Overview Location: Nevada, USA Stage: Production Ownership: 100% Marigold Rope Shovel Mining: Open pit Processing: Run-of-mine, heap leach Land: ~20,000 ha ▪ Continuous operation since 1989, over 4M ounces of gold produced ▪ 220koz+ of annual production (2019A and 2020 guidance) ▪ Oxide Mi
Slide 15: Marigold: Consistent Operation with Exploration Upside
Marigold: Consistent Operation with Exploration Upside Proven track record of reserve replacement and value creation Operational Highlights (13) Significant Value Creation Since Acquisition (16) ▪ Year-to-date production of 108,366 oz at mine-site AISC of $1,319 per oz Exploration ▪ Moved over 22 mi
Slide 16: Marigold: Strategic Acquisitions and Resources Growth
Marigold: Strategic Acquisitions and Resources Growth Increased original Marigold land package by 2.5X 2014 (18) 2015 (18) 2019 (18) ▪ 4.2 Moz Au M+I Mineral ▪ 4.6 Moz Au M+I Mineral ▪ 4.9 Moz Au M+I Mineral Resources at YE 2014 Resources at YE 2015 Resources YE 2019 ▪ Acquired mine April 4, 2014 ▪
Slide 17: Marigold: Trenton Canyon Sulfide Gold Intercepts
Marigold: Trenton Canyon Sulfide Gold Intercepts Follow-up drilling to test and expand discovery gold mineralization Exploration Focus New Sulfide Gold Zone (19) Valmy Marigold B’ Trenton Canyon B Turquoise Ridge Goldstrike MARIGOLD Phoenix Cortez Carlin Trend Battle Mountain- Eureka Trend Marigold
Slide 18: Seabee: Overview
Seabee: Overview Location: Saskatchewan, Canada Stage: Production Ownership: 100% Seabee Mill Aerial Mining: Underground Processing: Gravity concentration, Land: ~60,000 ha cyanide leaching (including earn-in) ▪ One of the highest-grade underground mines in Canada (>10 g/t) (2) ▪ Continuous operatio
Slide 19: Seabee: High-Grade Underground Operation in Canada
Seabee: High-Grade Underground Operation in Canada Saskatchewan consistently ranked one of the top mining jurisdictions Operational Highlights (13) Significant Value Creation Since Acquisition (16) ▪ Year-to-date production of 29,521 oz at mine-site AISC of $982 per oz Exploration ▪ Commenced phased
Slide 20: Seabee: Longitudinal Section of the Santoy Deposit
Seabee: Longitudinal Section of the Santoy Deposit Track record of resource conversion and discovery Santoy Gap (9A, 9B, 9C) Gap HW Santoy 8A 0 m Elev Gold Grade >20 g/t Au 5 g/t Au 3 g/t Au 1 g/t Au -500 m Gap HW looking West 100 meters Gap HW Looking North Mined Areas (Year-end 2019) Measured and
Slide 21: Seabee: Large, Contiguous Land Package
Seabee: Large, Contiguous Land Package Testing +30km of shear zone strike length N Santoy Mine Complex 23,300 hectare land package at Seabee Seabee mill, airstrip & camp Fisher exploration camp Legend All weather road 37,700 ha land Gold occurrence package at Fisher (up to 80% earn-in Santoy shear z
Slide 22: Puna: Overview
Puna: Overview Location: Argentina Stage: Production Ownership: 100% Chinchillas Mine Mining: Open pit Processing: Flotation Land: ~10,000 ha ▪ Constructed on-time, on-budget in 2018 ▪ Current mine life to 2025 (21) ▪ ~75% of revenue from silver (21) ▪ Operating steady-state after December 2018 comm
Slide 23: Puna: Consistent Operational Delivery
Puna: Consistent Operational Delivery Achieved steady state operations in 2019 Operational Highlights (13) Improved Puna Mill Performance due to ‘OE’ (22) ▪ Year-to-date production of 2.1M Ag oz at mine-site AISC of $16.72 per Ag oz 6,000 95.1% 95.3% 100.0% 93.5% 91.7% 92.4% ▪ Implemented a phased r
Slide 24: Pitarrilla: Overview
Pitarrilla: Overview Location: Mexico Stage: Development Ownership: 100% Pitarrilla Aerial Land: ~135,000 ha ▪ One of the largest undeveloped silver projects in the world ▪ Exploration program to expand high-grade underground zones (23) ▪ ~$5M spend in 2020 to extend an existing underground decline
Slide 25: San Luis: Overview
San Luis: Overview Location: Peru Stage: Development Ownership: 100% 2010 Feasibility Study (24) Land: ~33,000 ha Mine life: 3.5 years ▪ High-grade gold-silver project in Peru Average annual 1.9M oz Ag ▪ $2M spend in 2020 to commence detailed mapping program in the area production: 78,000 oz Au of t
Slide 26: Appendix
MINING Appendix
Slide 27: Executive Team and Board of Directors
Executive Team and Board of Directors Depth of experience and track record of delivery Executive Team Rodney Antal Stewart Beckman Edward Farid Gregory Martin Michael Sparks President, Chief EVP, Chief EVP, Chief Corporate EVP, Chief EVP, Chief Legal & Executive Officer Operating Officer Development
Slide 28: Tailings Dam Disclosure
Tailings Dam Disclosure Seabee Marigold Puna Çöpler Triangle Lake TSF East Lake TSF Marigold Mine TSF Pirquitas Tailings Dam Çöpler Mine TSF Status Active Active Inactive Inactive (water storage only) Active 2009 (ceased use as of May Date of Initial Operation 2004 1991 1989 (closed as of 1999) 2018
Slide 29: Consolidated Mineral Reserves
Consolidated Mineral Reserves Tonnes Grade Contained Deposit (2) (kt) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) Au (koz) Ag (koz) Cu (klbs) Pb (klbs) Zn (klbs) Proven Mineral Reserves Marigold -- -- -- -- -- -- -- -- -- -- -- Marigold (Leach Pad Inventory) -- -- -- -- -- -- -- -- -- -- -- Seabee 370 9.
Slide 30: Consolidated Measured & Indicated Resources
Consolidated Measured & Indicated Resources Tonnes Grade Contained Deposit (2) (kt) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) Au (koz) Ag (koz) Cu (klbs) Pb (klbs) Zn (klbs) Measured Mineral Resources Marigold -- -- -- -- -- -- -- -- -- -- -- Marigold (Leach Pad Inventory) -- -- -- -- -- -- -- -- -- --
Slide 31: Consolidated Inferred Resources
Consolidated Inferred Resources Tonnes Grade Contained Deposit (2) (kt) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) Au (koz) Ag (koz) Cu (klbs) Pb (klbs) Zn (klbs) Inferred Mineral Resources Marigold 16,194 0.35 -- -- -- -- 182 -- -- -- -- Seabee 2,132 8.50 -- -- -- -- 583 -- -- -- -- Chinchillas 22,172
Slide 32: Reserves and Resources Notes to Tables
Reserves and Resources Notes to Tables Alacer Gold Mineral Reserves and Mineral Resources are quoted after mining depletion through December 31, 2019 and Mineral Resources are inclusive of Mineral Reserves. Mineral Reserves and Mineral Resources are shown on a 100% basis. The key assumptions, parame
Slide 33: Endnotes
Endnotes 1. Please see our news release dated September 18, 2020. Gold equivalent production and AISC are based on a 74:1 gold to silver ratio. AISC is a non-GAAP financial measure. See "Cautionary Note Regarding Non-GAAP Measures” in this presentation. 2. As at December 31, 2019. Mineral Reserves a
Slide 34: SSR Mining Inc.
SSR Mining Inc. www.ssrmining.com F. Edward Farid, Executive Vice President, Chief Corporate Development Officer Michael McDonald, Director, Corporate Development & Investor Relations Telephone: +1 888.338.0046 or +1 604.689.3846 Email: invest@ssrmining.com