Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Silver Standard Resources — Investor Presentation (January 2013)

36 slides from Ssr Mining's investor presentation, January 2013

1. Slide 1: Corporate Presentation

   CORPORATE PRESENTATION January 2013 SSRI:NDAQ | SSO: TSX 1

2. Slide 2: Notes Regarding Forward Looking Statements

   Notes Regarding Forward Looking Statements This presentation contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and “forward looking information” within the meaning of Canadian securities laws (collectively “forward-looking statement

3. Slide 3: Cautionary Note to U.S. Investors

   Cautionary Note to U.S. Investors The disclosure included in this presentation uses Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and Mineral Resources estimates are made in accordance with Canadian National Instru

4. Slide 4: Why Silver Standard

   Why Silver Standard  Delivering on plan Share Price 1 $14.60 Basic Shares Outstanding 2 80.7  Compelling valuation Market Capitalization $1,179  Large-scale primary silver assets Less: Net Cash 3 ($215) Less: Pretium Interest 4 ($242)  Pirquitas Mine Less: Other Marketable Securities ($45) Total

5. Slide 5: Our Assets

   Our Assets PRODUCTION Pirquitas Argentina DEVELOPMENT Pitarrilla Mexico San Luis Peru Diablillos Argentina San Agustin Mexico EXPLORATION Berenguela Peru Challacollo Chile Veta Colorada Mexico Candelaria United States Maverick Springs United States Sunrise Lake Canada SSRI:NASDAQ SSRI:NDAQ ||SSO: SS

6. Slide 6: Pirquitas

   PIRQUITAS LARGE OPEN-PIT SILVER MINE SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 6

7. Slide 7: Pirquitas: Accomplishments and Goals

   Pirquitas: Accomplishments and Goals 2011 – Set up the mine to perform  Expanded crushing capacity   Resolved mill performance   Optimized mining fleet   Pursued long-term sales contract strategy  2012 – Delivered results  Consistent quarterly operating performance   Implement LT sales st

8. Slide 8: Pirquitas: 2013 Guidance

   (1) Pirquitas: 2013 Guidance 12.0  2013 guidance 8.0 - 10.0 10.0  8.2 - 8.5M oz Ag 8.6 8.2 - 8.5 production and sales Ounces Produced (millions) 8.0 7.1 6.3  > 20M lb Zn production 6.0  $17.00 - $18.50 per Ag 4.0 ounce cash cost (a) 2.0  Anticipated 8-year mine life 1.1 ending in December, 2020

9. Slide 9: Pirquitas: Expanding the Resource

   Pirquitas: Expanding the Resource (1, 2) Feb. 2012 Survey Area Aug. 2012 Survey Area Expanded Cortaderas Breccia Resource Volume 500 m San Miguel Open-Pit Gravity Anomalies (Dense Rock) 2013 Drilling Targets SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 9

10. Slide 10: Pitarrilla

    PITARRILLA FEASIBILITY COMPLETE SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 10

11. Slide 11: Pitarrilla: Transformational Opportunity

    Pitarrilla: Transformational Opportunity  Advancing project portfolio in line with corporate strategy  Long-life, high production project with low technical risk  Solid project economics with leverage to silver price  One of the world’s largest undeveloped silver mineral reserves  Favorable min

12. Slide 12: Pitarrilla: Mineralization Zones

    Pitarrilla: Mineralization Zones (3) Breccia Ridge South Ridge NE Cordon Colorado Javelina Creek -0m Approx. Oxide / Transitional Boundary -200 m Approx. Transitional / Sulphide Boundary -400 m Likely Pit Shape -600 m 0 200 400 metres Viewing window width is 700 m -800 m SSRI:NASDAQ SSRI:NDAQ ||SSO:

13. Slide 13: Pitarrilla: Simplified Flow Sheet

    (3) Pitarrilla: Simplified Flow Sheet 175,000 tonnes material moved per day Strip ratio: 6:1 Crush 16,000 tpd 12,000 tpd Grind Lead Flotation Zinc Flotation Leach CCD M-C Refining Cyanide Rec. & Destruction Tailings Lead Concentrate (a) Zinc Concentrate (a) Doré (a) 29.1 Mlbs Pb per year 76.3 Mlbs Z

14. Slide 14: Pitarrilla: Next Steps

    Pitarrilla: Next Steps  Financing plan  Application for environmental and operating permits  Acquisition of remaining land access agreements  Continuing engineering and infrastructure work Advancing toward construction decision in 2013 SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 14

15. Slide 15: San Luis

    SAN LUIS HIGH-GRADE GOLD AND SILVER SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 15

16. Slide 16: San Luis at a Glance

    San Luis at a Glance (4) Estimated 1.9M oz Ag Average Annual Production 78,000 oz Au Resources 8.9M oz Ag at 595.5 g/t (M + I) 0.35M oz Au at 25.2 g/t Estimated Mine Life 3.5 Years (Ayelén vein only) Estimated Capital Expenditures $90 - $100M Estimated Construction Time <2 Years SSRI:NASDAQ SSRI:NDA

17. Slide 17: San Luis: Accomplishments / Next Steps

    San Luis: Accomplishments / Next Steps  Feasibility study completed in Q2 2010 LA LIBERTAD  Consolidated interest in Q3 2011 ANCASH  Cochabamba community agreement signed in Q4 2011 San Luis Antamina  EIA approved in Q3 2012 Pierina (Barrick) HUÁNCO  Next Steps  Ecash community agreement PASCO

18. Slide 18: Our Future

    Our Future 400K HECTARES $15M OF UNDEREXPLORED, PROSPECTIVE LAND 2013 EXPLORATION INVESTMENT SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 18

19. Slide 19: Successful Exploration Track Record

    Successful Exploration Track Record Reserves(a) 576M oz Ag Measured & Indicated(a) 1,187M oz Ag (Inclusive of reserves) Inferred(a) 352M oz Ag Snowfield + Cash Proceeds: $400M Brucejack Retained Interest: $242M(b) = Budgeted 2013 Bowdens Sold for A$75M Drilling Programs (a) Refer to the Reserve and

20. Slide 20: Management Team

    Management Team John Smith Gregory Martin Ron Burk John DeCooman President, CEO SVP and Chief VP, Exploration VP, Business and Director Financial Officer Development and Strategy Bruce Kennedy Robert Byrd Wade Stogran Andrew Sharp Trevor Yeomans General Manager, Country and General General Manager,

21. Slide 21: Key Goals for 2012

    Key Goals for 2012 2012  Quarter-on-quarter performance to plan at Pirquitas   Add reserves at Pirquitas  Feasibility study for Pitarrilla and progress San Luis   Continue building our talent and capability  Delivered according to plan in 2012 SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 21

22. Slide 22: Now: Building Performance

    NOW BUILDING PERFORMANCE SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 22

23. Slide 23: Mineral Reserves

    Mineral Reserves (as at December 31, 2011) (a) Mineral Reserves Metal grade Contained metal Tonnes Silver Gold Lead Zinc Silver Gold (mil.) (g/t) (g/t) (%) (%) (mil. oz) (mil. oz) Proven 9.8 180.8 - - 0.51 57.2 - Pirquitas Probable 5.0 168.4 - - 1.04 26.9 - Stockpiles (b) 1.5 129.5 - - 1.04 6.2 - Pi

24. Slide 24: Mineral Resources: Measured & Indicated

    Mineral Resources: Measured & Indicated (as at December 31, 2011) (a) Measured & Indicated Mineral Resources (inclusive of Mineral Reserves) Metal grade Contained metal Tonnes Silver Gold Lead Zinc Copper Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (mil. oz) (mil. oz) Measured 12.9 155.3 - - 0.48 - 6

25. Slide 25: Mineral Resources: Inferred

    Mineral Resources: Inferred (as at December 31, 2011) (a) Inferred Mineral Resources Metal grade Contained metal Tonnes Silver Gold Lead Zinc Copper Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (mil. oz) (mil. oz) Pirquitas 7.0 99.7 - - 2.9 - 22.6 - Pitarrilla 22.08 62.12 - 0.21 0.49 - 44.1 - San Luis

26. Slide 26: Reserves & Resources: Notes to Tables

    Reserves & Resources: Notes to Tables The Reserves and Resources Tables have been prepared in accordance with National Instrument 43-101 and Companion Policy 43-101CP. All Mineral Resource estimates in the Measured and Indicated categories are reported inclusive of Mineral Reserve estimates. Mineral

27. Slide 27: Reserves & Resources: Notes to Tables

    Reserves & Resources: Notes to Tables Diablillos Mineral Resources are estimated at a cut-off grade of US$10.00 recovered metal value (RMV), using US$700 per troy ounce gold and US$11.00 per troy ounce silver, and recoveries of 65% gold and 40% silver, as presented in the Company’s Technical Report

28. Slide 28: Pitarrilla: Key Operating / Financial Measures

    (3) Pitarrilla: Key Operating / Financial Measures Pitarrilla Feasibility Study – December 2012 Life of Project (LOP) 32 Years Silver Reserves (Mozs) 479 Average Annual Silver Production (Mozs) 10.1 Average Annual Cash Costs (Net of By-Products) ($ / oz Payable Ag) $10.01 Capital Costs ($ MM) $741 L

29. Slide 29: Pitarrilla: Economic Analysis

    (3) Pitarrilla: Economic Analysis Base Downside Spot Price Metric Case Case Case Silver Price (a) $ / oz $25.00 $22.50 $34.13 After-Tax NPV (5%) ($ MM) $737 $368 $1,741 After-Tax IRR % 12.8% 9.1% 21.2% Undiscounted Cash Flow ($ MM) $2,015 $1,328 $3,948 Payback Period Years 7.4 10.4 3.8 (a) Base case

30. Slide 30: Pitarrilla Mineral Reserves

    Pitarrilla Mineral Reserves (Effective December 4, 2012) (a) Mineral Reserves Tonnage Metal grade Contained metal Category Process Type Tonnes Silver Lead Zinc Ag Pb Zn (Mt) (g/t) (%) (%) (Mozs) (Mlbs) (Mlbs) Probable Direct Leach 43.4 91.5 0.169 0.422 127.5 161.6 403.9 Probable Flotation / Leach 11

31. Slide 31: Pitarrilla Mineral Resources

    Pitarrilla Mineral Resources (Effective December 4, 2012) (a) Mineral Resources (inclusive of Mineral Reserves) (b) Tonnage Metal grade Contained metal Category Tonnes Ag Pb Zn Ag Pb Zn (Mt) (g/t) (%) (%) Moz (Mlbs) (Mlbs) Measured 20.31 95.42 - - 62 - - 240.00 81.94 - - 632 - - Indicated 260.31 - 0

32. Slide 32: Pitarrilla Reserves: Notes to Table

    Pitarrilla Reserves: Notes to Table  Andrew W. Sharp, B.Eng, FAusIMM, is the Qualified Person for the reported Mineral Reserve estimate.  All Mineral Reserves have been classified in accordance with current CIM definition standards.  Mineral Reserves are contained within Measured and Indicated Re

33. Slide 33: Pitarrilla Resources: Notes to Table

    Pitarrilla Resources: Notes to Table  Jeremy D. Vincent, B.Sc. (Hons), P.Geo., is the Qualified Person for the reported Mineral Resources estimate.  All Mineral Resource estimates have been classified in accordance with current Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definitio

34. Slide 34: Presentation Footnotes

    Presentation Footnotes 1) See the NI 43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina, dated December 23, 2011 filed on SEDAR and available on the company’s website. See news release dated August 8, 2012 for cost guidance. 2) Jeremy D. Vincent, B.Sc. (Hons), P.Geo., is the Qu

35. Slide 35: Notes

    Notes SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 35

36. Slide 36: Corporate Presentation

    CORPORATE PRESENTATION SSRI:NDAQ | SSO: TSX 36

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