Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Technical Presentation (September 2017)

90 slides from Ssr Mining's technical presentation, Sep 20, 2017

1. Slide 1: Seabee Gold Operation Site Tour Presentation

   SEABEE GOLD OPERATION SITE TOUR PRESENTATION September 20-21, 2017

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: Today’s Agenda

   Today’s Agenda  Introduction and Seabee Overview  Health, Safety and Environment  Geology and Exploration  Operations Overview  Financial Summary  Growth Opportunities  Conclusions and Q+A SSRM:NASDAQ/TSX PAGE 3

4. Slide 4: Introduction and Overview

   INTRODUCTION AND OVERVIEW CAMERON CHAPMAN, GENERAL MANAGER

5. Slide 5: Overview

   Overview High-margin underground operation in a stable jurisdiction  High-grade, underground mine in Saskatchewan, Canada  Mill operated at 870 tpd in 2016 (subsequent to acquisition on May 31, 2016)  2017 guidance: 75,000 to 85,000 ounces of gold produced at cash costs of $575 to $625 per ounce

6. Slide 6: Seabee Gold Operation History

   Seabee Gold Operation History  1947: First gold discovered by Cominco  1985: Claude Resources acquires property from BEC International  1991: Seabee mine and mill declare commercial production  2014: Santoy mine in continuous commercial production  2016: SSR Mining acquires Claude Resources  2

7. Slide 7: Large, Contiguous Land Package

   Large, Contiguous Land Package 23,300 Hectare Land N Package at Seabee Santoy Mine Seabee Mine/Mill Airstrip & camp Fisher Exploration Camp 34,000 Hectare Land Package at Fisher Project (under option) 10kms All weather road Gold occurrence Santoy shear zone SSRM:NASDAQ/TSX PAGE 7

8. Slide 8: Seabee Gold Operation Location

   Seabee Gold Operation Location  Provides employment with over 300 full time positions at site and Saskatoon office  Access via all season air-strip  Mine re-supplied via a 60 km ice road from Brabant (January – March) Ice road SK HW 102 SSRM:NASDAQ/TSX PAGE 8

9. Slide 9: Mine Site Overview

   Seabee Gold Operation Mine Site Overview  Two underground gold mines: Seabee and Santoy  Seabee mill facility supports both mines  13 km haul road connects the Santoy mine to the Seabee mill  Two tailings management facilities  Water treatment plant, shops and supporting infrastructure SEABEE S

10. Slide 10: Site Facilities

    Seabee Gold Operation Site Facilities Winter Ice Road  Currently ~314 employees a site, 225 full camp capacity Power Supply via  Recent Production Provincial Santoy Mine Electrical Grid  2015: 77,748 ounces All Season Airstrip  2016: 77,640 ounces  2017: 75,000 – 85,000 ounces Shops Maintenance

11. Slide 11: Site Specifications and Equipment

    Site Specifications and Equipment Location Saskatchewan, Canada Mining Equipment Fleet Size Mill nameplate capacity 900 tpd 6-cubic yard load haul dump 5 Ownership 100% 8-cubic yard load haul dump 2 23,300 hectares (Seabee) Haul trucks 7 Property size 34,000 hectares (Fisher 2-Boom jumbo 3 option ag

12. Slide 12: Health, Safety and Environment

    HEALTH, SAFETY AND ENVIRONMENT CAMERON CHAPMAN, GENERAL MANAGER

13. Slide 13: Improving Safety Trend

    Improving Safety Trend Developing a strong safety culture  Focused on behavior-based culture for Improving trend reflects changes in risk management at employee- and management over time supervisor-levels 10.0  Implementing a more fulsome safety Total Recordable Incidents Reported (TRIR) managemen

14. Slide 14: Ongoing Environmental Protection

    Ongoing Environmental Protection Before at Santoy 7 and …  Efforts focus on sustainable mine development over the full mining cycle  Regulatory compliance considers:  Federal regulations  Provincial regulations … after reclamation work  Ongoing reclamation  Recycling program SSRM:NASDAQ/TSX PA

15. Slide 15: Strong Working Relationship with our Communities

    Strong Working Relationship with our Communities  Local hiring practices with 20% to 25% from First Nations communities  C$35M spent on supplies and services in Saskatchewan in 2016  Supporting numerous First Nations businesses  Community relationships with local First Nations Top 10 Saskatchewa

16. Slide 16: Geology and Exploration

    GEOLOGY AND EXPLORATION ANDERS CARLSON, EXPLORATION MANAGER, SEABEE

17. Slide 17: Flin Flon – Glennie Domain

    Flin Flon – Glennie Domain Seabee Gold Operation  23,300 hectares  100% owned  Two operating mines Fisher Project  34,000 hectares  4-year option agreement Amisk Project  40,000 hectares  100% owned SSRM:NASDAQ/TSX PAGE 17

18. Slide 18: Large Contiguous Land Package

    Large Contiguous Land Package 23,300 Hectare Land N Package at Seabee Santoy Mine Seabee Mine/Mill Airstrip & camp Fisher Exploration Camp 34,000 Hectare Land Package at Fisher Project (under option) 10kms All weather road Gold occurrence Santoy shear zone SSRM:NASDAQ/TSX PAGE 18

19. Slide 19: Mineral Reserves and Resources

    Seabee Gold Operation: Mineral Reserves and Resources As of December 31, 2016 Proven and Probable  1.37 Mt grading 8.19 g/t gold Mineral Reserves  Contained gold of 0.36 Moz Measured and Indicated  2.07 Mt grading 8.02 g/t gold Mineral Resources  Contained gold of 0.54 Moz Inferred  2.50 Mt gra

20. Slide 20: Exploration Strategy and Geology

    Exploration Strategy and Geology  Strategy focuses on: N  Resource conversion to Reserves  Extension of existing Resources  Sterilization of the Seabee mine Seabee Mine  Discovery of new deposits Santoy Mine  SGO is located in a Proterozoic greenstone belt  Controls are the shear zones and gr

21. Slide 21: 2017 Exploration Budget

    2017 Exploration Budget Seabee Gold Operation exploration program – $2.2 M  16,000 meter drill program at 12 surface targets  5,000 soil samples to complete the 2016 program near Santoy Lake Seabee Gold Operation development exploration program – $2.1 M  60,000 meter infill and exploration underg

22. Slide 22: Santoy Exploration Areas

    Santoy Exploration Areas PEA development plan considering historic resource conversion _0m Elev _0m Elev -250m Elev -250m Elev -500m Elev -500m Elev Saskatoon -750m Elev -750m Elev 8A INFILL GAP 8A HW/FW DEEP GAP INFILL Gap HW 8A DEEP (Hanging Wall/ Foot Wall) 8A/East Notes: The Seabee Gold Operatio

23. Slide 23: Proposed 5-Year Exploration Outlook

    Proposed 5-Year Exploration Outlook  5-year diamond drilling plan  Focus on Mineral Resource growth near mine exploration targets and infrastructure  Most of drilling to be conducted from underground stations at Santoy  Underground drill program  Focus on Mineral Resource conversion and additio

24. Slide 24: Proposed 5-Year Exploration Drill Plan

    Proposed 5-Year Exploration Drill Plan Seabee Gold Operation and Fisher Project SGO Drilling Fisher Drilling Total Drilling meters meters meters 2017 16,000 3,000 19,000 2018 20,000 15,000 35,000 2019 20,000 30,000 50,000 2020 12,000 15,000 27,000 2021 12,000 Option Year 12,000 5-Year Plan 80,000 63

25. Slide 25: Proposed 5-Year Exploration Targets

    Proposed 5-Year Exploration Targets 2017 - 16 km drilling 2018 - 20 km drilling 2019 - 20 km drilling 2020 - 12 km drilling 2021 - 12 km drilling SSRM:NASDAQ/TSX PAGE 25

26. Slide 26: Operations Overview

    OPERATIONS OVERVIEW CAMERON CHAPMAN, GENERAL MANAGER

27. Slide 27: Preliminary Economic Assessment

    Preliminary Economic Assessment Expanded margins from higher throughput and grade  Increases mining rate by 21% to 1,050 tpd by 2019, compared to 2016  Mines 62% of Inferred Mineral Resources  Increases estimated LOM average gold production by 29% to 100,000 ounces per year (for the period 2018 t

28. Slide 28: Increasing Production at Lower Costs

    Increasing Production at Lower Costs 140 $1,200 120 120 Acquired $1,000 the Seabee Gold Operation 108 $998 May 31, 2016 $954 100 Cash Costs ($/ounce payable gold) 100 89 $800 Gold Production (k oz) $757 80 80 77 75 $663 $600 63 $600 $590 60 $540 $525 $504 50 45 $442 $400 40 $200 20 0 $- 2012A 2013A

29. Slide 29: Production from Inferred Mineral Resources

    Production from Inferred Mineral Resources 100% 80% 60% 40% 20% 0% 2017 2018 2019 2020 2021 2022 2023 2024 % of Ounces Attributable to Measured and Indicated Mineral Resources % of Ounces Attributable to Inferred Mineral Resources Notes: Measured and Indicated Mineral Resources are represented inclu

30. Slide 30: PEA Operating Cost Summary

    PEA Operating Cost Summary By Process and By Cost Category (life of mine) Mine G&A Operations 40% 45% LOM Cost $/tonne Milled Mining $58 Processing Processing $20 15% Other Site Costs 13% G&A $52 Fuel 6% Labour Power 38% Total $130¹ 7% Consumables 15% Note: Total estimated operating costs in the Sea

31. Slide 31: PEA: Development Sequence

    PEA: Development Sequence Notes: The Seabee Gold Operation PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there

32. Slide 32: PEA: Stope Production By Year

    PEA: Stope Production By Year Notes: The Seabee Gold Operation PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and t

33. Slide 33: Mill Flowsheet

    Mill Flowsheet SSRM:NASDAQ/TSX PAGE 33

34. Slide 34: Major 2017 Capital Projects

    Major 2017 Capital Projects East Lake water treatment plant (C$3.8M)  Additional water treatment capacity  Commissioned in August 2017 Santoy ventilation upgrade (C$670K)  Additional 100k cfm air at Santoy  Commissioned in August 2017 Mill gravity circuit upgrade (C$3.5M)  Increased gravity gol

35. Slide 35: PEA Capital Cost Summary

    PEA Capital Cost Summary PEA Outlines a Seven Year Operating Period  Utilizes current infrastructure to reduce infrastructure capital of $50M through 2022  Capitalized development totals $23M through seven-year outlook  Capitalized exploration of $16M to convert Mineral Resources H2 2018 2019 202

36. Slide 36: Tailings Expansion Assessment

    Tailings Expansion Assessment – Selection Process  Existing tailings capacity of 1,000 tpd sufficient until year 2020  Defines design criteria, such as mill throughput, volume, lakes, dam limitations, tailings % solids  Six step process:  Identify all feasible and practical options  Perform a p

37. Slide 37: Triangle Lake TMF Expansion

    Triangle Lake TMF Expansion Project Details  Additional 29 hectares of footprint and four containment structures  Capacity expected to increase to year 2030 at PEA rates  Regulatory permitting process and engineering has commenced SSRM:NASDAQ/TSX PAGE 37

38. Slide 38: Triangle Lake TMF Expansion Timeline

    Triangle Lake TMF Expansion Project Timeline  Triangle Lake TMF Expansion required to provide tailings storage beyond 2021 for an additional 10 years  Currently in the engineering and permitting stage  Expansion construction timeline: expected to commence 2018 with completion by 2020  Deposition

39. Slide 39: Financial Summary

    FINANCIAL SUMMARY CAMERON CHAPMAN, GENERAL MANAGER

40. Slide 40: PEA Financial Summary and Sensitivity Analysis

    PEA Financial Summary and Sensitivity Analysis Cash Flows ($M) Pre-tax NPV (5%) Sensitivities ($M) Net Revenue $893.5 Gold Price ($/oz) Operating Costs $(346.0) $1,200 $1,300 $1,400 Royalties and Other $(28.5) Δ in Working Capital $10.3 Canadian 1.20:1 $289 $346 $403 Operating Cash Flow $529.3 Excha

41. Slide 41: Growth Opportunities

    GROWTH OPPORTUNITIES CARL EDMUNDS, CHIEF GEOLOGIST ANDERS CARLSON, EXPLORATION MANAGER, SEABEE

42. Slide 42: Seabee Gold Operation: Opportunities

    Seabee Gold Operation: Opportunities  Deliver on PEA expansion case to 1,050 tpd  Continue to expand the Santoy mine complex  Convert Inferred Resources to Measured and Indicated  Evaluate increasing milling capacity to 1,200 tpd  Drive Operational Excellence initiatives  Potential for near-mi

43. Slide 43: Large, Contiguous Land Package

    Large, Contiguous Land Package N Santoy Mine Seabee Mine/Mill Airstrip & camp Fisher Exploration Camp 10kms All weather road Gold occurrence Santoy shear zone SSRM:NASDAQ/TSX PAGE 43

44. Slide 44: Santoy Exploration by Year – 2010

    Santoy Exploration by Year – 2010 _0m Elev -400m Elev Saskatoon -800m Elev Note: Please refer to the technical report entitled “Mineral Resource and Mineral Reserve Estimate Seabee Gold Operation Saskatchewan, Canada” dated December 23, 2013 available under the Claude Resources profile on the SEDAR

45. Slide 45: Santoy Exploration by Year – 2011

    Santoy Exploration by Year – 2011 _0m Elev -400m Elev Saskatoon -800m Elev Note: Please refer to the technical report entitled “Mineral Resource and Mineral Reserve Estimate Seabee Gold Operation Saskatchewan, Canada” dated December 23, 2013 available under the Claude Resources profile on the SEDAR

46. Slide 46: Santoy Exploration by Year – 2016

    Santoy Exploration by Year – 2016 _0m Elev -400m Elev Saskatoon -800m Elev Notes: Please refer to our news releases dated August 8, 2016 and November 7, 2016 and the technical report entitled “Mineral Resource and Mineral Reserve Estimate Seabee Gold Operation Saskatchewan, Canada” dated December 23

47. Slide 47: Santoy Exploration by Year – 2016 Mineral Resources

    Santoy Exploration by Year – 2016 Mineral Resources _0m Elev Resource Saskato on Classification Measured & Indicated Inferred -400m Elev -800m Elev Notes: Measured and Indicated Mineral Resources are inclusive of Mineral Reserves. Please refer to our news release dated February 23, 2017 and “Santoy

48. Slide 48: Santoy Exploration – through 2017

    Santoy Exploration – through 2017 _0m Elev Resource Saskato on Classification Measured & Indicated Inferred -400m Elev Saskatoon OPEN OPEN OPEN Mineral trend -800m Elev Notes: Measured and Indicated Mineral Resources are inclusive of Mineral Reserves. Please refer to our news releases dated February

49. Slide 49: Santoy Exploration by Year – 2017

    Santoy Exploration by Year – 2017 Santoy Gap (9A, 9B, 9C) Santoy 8A _0m Elev 2.1m at 52.8g/t Gap HW 9.9m at 8.2g/t (JOY-16-749) 2.8m at 26.6g/t (SUG-17-300) -400m Elev 2.1m at 10.8g/t 5.5m at 12.4g/t 5.8m at 6.4g/t (SUG-17-919) 6.3m at 7.43g/t (SUG-17-041) (SUG-17-042) 7.0m at 7.17g/t (SUG-17-918) 2

50. Slide 50: Santoy Exploration – Near Mine Extensions

    Santoy Exploration – Near Mine Extensions Santoy Gap (9A, 9B, 9C) Santoy 8A _0m Elev Gap HW -400m Elev OPEN -800m Elev OPEN OPEN Notes: Measured and Indicated Mineral Resources are inclusive of Mineral Reserves. Please refer to our news releases dated February 23, 2017, May 1, 2017 and September 5,

51. Slide 51: Fisher Project: Exploration Overview

    Fisher Project: Exploration Overview  Extension of the Pine Lake Greenstone Belt N and the Santoy Shear Santoy Mine  Work completed YTD 2017  Geochemistry (soils and till) Santoy Shear  Structural-focused mapping  Prospecting  Planned expenditures of $600K in 2017  3,000 meters planned drilli

52. Slide 52: Fisher Project – UAV Magnetic Survey

    Fisher Project – UAV Magnetic Survey SSRM:NASDAQ/TSX PAGE 52

53. Slide 53: Fisher Project – UAV Magnetic Survey

    Fisher Project – UAV Magnetic Survey  Lower cost than Heli-MAG  High resolution similar to ground-MAG in a fraction of the time  Lower cost, high productivity SSRM:NASDAQ/TSX PAGE 53

54. Slide 54: Seabee Gold Operation Exploration Targets

    Seabee Gold Operation Exploration Targets N Porky Main Carr Currie Rose Herb Santoy Lake Hinge Santoy 7-Gap Seabee Mine/Mill Airstrip & camp Santoy 6 Santoy Mine Fisher Project Camp All weather road Gold occurrence Santoy shear zone 5 km SSRM:NASDAQ/TSX PAGE 54

55. Slide 55: Exploration Targets Carr

    Exploration Targets Carr  Sheeted quartz veining in mafic volcanics hosting significant visible gold along Santoy Mine trend 4 km north of the Santoy Gap deposit  Calc-silicate alteration identical to mineralization-host rock at Santoy Mine Complex  Moderate southerly plunging shoot confirmed by

56. Slide 56: Carr Exploration Target Located 4 km North

    Carr Exploration Target Located 4 km North of Santoy Gap  1997 long-section looking west with vertical projection of intercepts on the 50 degree dipping incline (plane dips to the east) South SAN-97-004 North _0m 9.03 g/t over 2.47 m -400 -400Elev Elev -800 -800Elev Elev Saskatoon -1200 -1200Elev E

57. Slide 57: Carr Exploration Target 2016 Presents Encouraging Results

    Carr Exploration Target 2016 Presents Encouraging Results  2016 long section looking west with vertical projection of intercepts on the 50 degree dipping inclined (plane dips to the east) South CAR-16-003 SAN-97-004 North _0m 6.28 g/t over 1.50 m 9.03 g/t over 2.47 m -400 -400Elev Elev -800 -800Ele

58. Slide 58: Carr Exploration Target Similarities to Santoy Emerging

    Carr Exploration Target Similarities to Santoy Emerging  Long section looking west with vertical projection of intercepts on the 50 degree dipping inclined (plane dips to the east) South CAR-17-014 CAR-16-003 SAN-97-004 North _0m 31.64 g/t over 1.10 m 6.28 g/t over 1.50 m 9.03 g/t over 2.47 m CAR-1

59. Slide 59: Exploration Targets Santoy 7-Gap Trend

    Exploration Targets Santoy 7-Gap Trend  North extension of the Santoy mine complex stratigraphy and ore horizon  Calc-silicate alteration identical to mineralization-host rock at Santoy Mine Complex  Two drillholes intersected FW mineralization in 2010, highlighted by 10.32 g/t over 1.0 m in JOY-

60. Slide 60: Exploration Targets Santoy Lake Hinge Zone

    Exploration Targets Santoy Lake Hinge Zone  Large structurally-hosted zone of high-grade gold occurrences in fold-nose  Similar stratigraphic package to that hosting the Santoy mine complex  Historical shallow drill intercepts include 10.54 g/t over 1.85 m in SAN-94-03 and 15.42 g/t Au over 2.85

61. Slide 61: Exploration Targets Santoy 6

    Exploration Targets Santoy 6  Thick quartz veining up to 6 m wide with abundant coarse visible gold forms the foot wall contact of the Santoy Mine trend  High-grade grab samples from surface showings along a 100 m long strike-length  Strong gold-in-soil responses based on 2017 soil/till survey 

62. Slide 62: Exploration Targets Herb West

    Exploration Targets Herb West  Large-scale untested target located 1.5 km north of the Seabee mine  Mineralization occurs within a set of widely-spaced parallel shear-hosted quartz veins  Strong Seabee-style alteration occurs within the shear-zone  2015 and 2016 drilling highlighted by 30.77 g/t

63. Slide 63: Exploration Targets Currie Rose

    Exploration Targets Currie Rose  Strong shear zone hosting robust quartz vein sets at surface in the foot wall of Seabee Mine  Seabee-style alteration and presence of economically significant quartz porphyry dykes  Historical shallow drilling highlighted by 6.25 g/t Au over 2.0 m in S-761  2017

64. Slide 64: Exploration Targets Porky Main

    Exploration Targets Porky Main  Mineralization is associated with a pervasive calc-silicate alteration assemblage straddling unconformity with at least two major vein sets  Alteration, hanging wall granodiorite sills, asymmetrical shear zone are all analogous to the Santoy Mine Complex  65 histor

65. Slide 65: Belt-Scale Exploration Potential Surface Drilling

    Belt-Scale Exploration Potential Surface Drilling SSRM:NASDAQ/TSX PAGE 65

66. Slide 66: Belt-Scale Exploration Potential Surface Drilling

    Belt-Scale Exploration Potential Surface Drilling (over 500 meters depth) SSRM:NASDAQ/TSX PAGE 66

67. Slide 67: Belt-Scale Exploration Potential Surface Drilling

    Belt-Scale Exploration Potential Surface Drilling (over 1000 meters depth) SSRM:NASDAQ/TSX PAGE 67

68. Slide 68: Operational Excellence

    OPERATIONAL EXCELLENCE CAMERON CHAPMAN, GENERAL MANAGER

69. Slide 69: Operational Excellence Focusses on the Process

    Operational Excellence Focusses on the Process Employee-centric, data driven … fast and structured Float / Final Drill Blast Load Haul Dump Crush Grind Leach Product  Focus on process stability before adding new capacity High Variability Stabilize Improve SSRM:NASDAQ/TSX PAGE 69

70. Slide 70: Operational Excellence Focusses on the Process

    Operational Excellence Focusses on the Process Employee-centric, data driven … fast and structured Float / Final Drill Blast Load Haul Dump Crush Grind Leach Product  Prioritization matrix to focus on biggest value drivers SSRM:NASDAQ/TSX PAGE 70

71. Slide 71: Case Study: Seabee Integrated Planning and Scheduling Development Stage

    Case Study: Seabee Integrated Planning and Scheduling Development Stage  Better accountability to schedule Weekly Planning Process Map - New Process Weekly Rollout Final Review and Sign Distribution  Steps Pre-Planning Tour Create Draft Plan Weekly Planning Meeting Create Final Plan Roles and resp

72. Slide 72: Case Study: Seabee Integrated Planning and Scheduling Implementation Stage

    Case Study: Seabee Integrated Planning and Scheduling Implementation Stage SSRM:NASDAQ/TSX PAGE 72

73. Slide 73: Case Study: Seabee Integrated Planning and Scheduling Interruptions

    Case Study: Seabee Integrated Planning and Scheduling Interruptions Hours Lost Rounds Lost Tonnage Lost 29% 26% 35% 34% 39% 42% 4% 20% 8% 5% 8% 5% 10% 10% 11% 5% 9% Maintenance Maintenance Maintenance Manpower Oversheduled Overscheduled Overscheduled Oversheduled Oversheduled Overscheduled Manpower

74. Slide 74: Case Study: Seabee Cemented Rock Fill Results

    Case Study: Seabee Cemented Rock Fill (“CRF”) Results  Challenge: Investigate ways to improve the rib pillar CRF construction  Actions: Following the ‘OE’ process to identify options to reduce fill and then trialed new procedure at the operation + + + + + + Before: Rock Fill CRF Un-blasted Ore + 3

75. Slide 75: Case Study: Seabee Gold Recovery Improvement

    Case Study: Seabee Gold Recovery Improvement Utilizing existing equipment to reduce losses 1200 and increase recovery  Challenge: Improve gold recovery at 1000 minimal to no cost by year-end 2016 Milled tonnes per Day 800  Actions: 600  Performed a throughput 400 capacity test in August 2016 200

76. Slide 76: Case Study: Seabee Stripping Circuit and Gold Inventory

    Case Study: Seabee Stripping Circuit and Gold Inventory Reduced gold inventory by 3,000 ounces  Challenge: Stripping circuit time was 450 Preg 2016 400 approximately 96 hours based on 350 Preg 2017 Solution Grade Au g/t 2016 estimates 300 250 200 150  Actions: 100 50  Focused on improvements to t

77. Slide 77: Operational Excellence Looking Forward

    Operational Excellence Looking Forward  Mine OE Opportunities  Fragmentation size optimization  Equipment availability and utilization improvements  Ventilation optimization  Continue ‘integrated planning and scheduling’ culture development  Improvement and modification of current ground suppo

78. Slide 78: Conclusions and Q+A

    CONCLUSIONS AND Q+A PAUL BENSON, PRESIDENT AND CEO

79. Slide 79: Seabee: Value Creation Opportunity

    Seabee: Value Creation Opportunity Seabee Island Gold Lamaque Nevada Operations (SSR Mining) (Richmont Mines) (Eldorado Gold) (Klondex Mines)⁴ Average Mill Throughput (tpd) 1,050 1,100 1,675 772 Average Milled Grade (g/t Au) 8.3 9.7 7.0 20.0 Mine Life (years) 7 8 10 n.a. Gold Recovery (%) 96.5% 96.5

80. Slide 80: Seabee: Wrap-Up

    Seabee: Wrap-Up  High-grade gold operation in Saskatchewan, Canada acquired May 2016  PEA study outlines near-term production growth at lower costs  Increases estimated LOM average gold production by 29% to 100,000 ounces per year (for the period 2018 to 2023, compared to 2016)  LOM estimated ca

81. Slide 81: Questions and Answers

    Questions and Answers SSRM:NASDAQ/TSX PAGE 81

82. Slide 82: Appendix

    APPENDIX

83. Slide 83: Seabee: PEA Summary

    Seabee: PEA Summary Mine life: 7 years Pre-tax NPV (5%) Sensitivities ($M) Average processing rate 1,042 tpd Gold Price ($/oz) Total tonnes milled 2.65 Mt $1,100 $1,200 $1,300 $1,400 $1,500 Average milled grade 8.51 g / t gold 1.15:1 $216 $272 $329 $386 $442 Average gold recovery 96.5% 1.20:1 $233 $

84. Slide 84: Fisher Project Option Agreement Summary

    Fisher Project Option Agreement Summary  Consummated option agreement October 2016 with Eagle Plains Resources Ltd.  Four-year option period whereby SSR Mining can terminate at any time  To earn a 60% interest in the Fisher project, SSR Mining is required to spend:  At closing, a cash payment of

85. Slide 85: Mineral Reserves

    Mineral Reserves (as of December 31, 2016) Location Tonnes Silver Gold Zinc Silver Gold millions g/t g/t % million oz million oz Proven Mineral Reserves Seabee Canada 0.52 6.97 0.12 Total 0.12 Probable Mineral Reserves Marigold U.S. 185.00 0.45 2.67 Marigold Leach Pad Inventory U.S. 0.17 Seabee Cana

86. Slide 86: Mineral Resources: Measured and Indicated

    Mineral Resources: Measured and Indicated (as of December 31, 2016) Location Tonnes Silver Gold Lead Zinc Silver Gold millions g/t g/t % % million oz million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Seabee Canada 0.81 7.71 0.20 Pitarrilla Mexico 10.13 91.7 0.70 1.23 29.8

87. Slide 87: Mineral Resources: Inferred

    Mineral Resources: Inferred (as of December 31, 2016) Location Tonnes Silver Gold Lead Zinc Silver Gold millions g/t g/t % % million oz million oz Inferred Mineral Resources Marigold U.S. 53.60 0.41 0.70 Seabee Canada 2.50 7.66 0.62 Pirquitas Argentina 0.91 80.3 1.88 2.3 Pirquitas UG Argentina 0.94

88. Slide 88: 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 National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). The estimates of Mineral Reserves and Mineral Resources fo

89. Slide 89: Chinchillas Mineral Reserves and Resources

    Chinchillas Mineral Reserves and Resources 100% Project Basis Mineral Resources Tonnes AgEq Ag Pb Zn AgEq Ag Pb Zn (as at Oct. 2, 2016) (Mt) (g/t) (g/t) % % (Moz) (Moz) (Mlb) (Mlb) Measured 3.1 160 128 0.60 0.41 16 13 41 28 Indicated 26.2 148 98 0.94 0.62 124 83 540 358 Total (M+I) 29.3 149 101 0.90

90. Slide 90: Thank You

    THANK YOU

SSR Mining — Technical Presentation (September 2017) on 6ix