Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Investor Presentation (March 2021)

25 slides from Ssr Mining's investor presentation, March 2021

1. Slide 1: A Free Cash Flow Focused Gold Producer

   A FREE CASH FLOW FOCUSED GOLD PRODUCER March 2021

2. 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 presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively “forward

3. 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  2021 production: 720 – 800 koz AuEq (1) Operations Projects Diversified  9+ Moz AuEq Mineral Reserves (2) Portfolio  21+ year cornerstone asset life (3) Seabee  Peer leading fre

4. Slide 4: Developing a Sustainable Legacy

   Developing a Sustainable Legacy Successful culture focused on discipline and integrity (7) Environmental Safe Production Governance, Responsibility Social Performance and Diversity  Zero significant environmental  Zero fatalities  Material investment in incidents or spills communities  COVID-19

5. Slide 5: 2021 Outlook

   2021 Outlook Operational delivery, free cash flow generation, capital returns and growth Priorities 2021 Production Guidance (1)  Continued operational delivery and free cash flow generation across all mines Çöpler 310 – 340 Corporate Au koz  Health & safety focus across the portfolio Marigold Au

6. Slide 6: Free Cash Flow Leader

   Free Cash Flow Leader Peer leading free cash flow generation and yield 2021E Consensus Free Cash Flow Per Ounce (4,5) US$ per ounce | Consensus Free Cash Flow (100% basis) / Consensus Ounces Produced +$300/oz +$600 $291 SSR Mining Midcap Peer Group 2021E Consensus Free Cash Flow Yield (4,5) % | Cons

7. Slide 7: Significant Financial Strength

   Significant Financial Strength Robust balance sheet and credit metrics ~$900M of Consolidated Cash (6) Net Debt to 2021E EBITDA (10) Face Value Debt Maturity Interest Rate ($M) Market Capitalization (9) ~$3.4B Centamin (0.6x) Project Finance US$210 2023 LIBOR + 3.50% - 3.70% IAMGOLD (0.5x) Convertib

8. Slide 8: Capital Return Policy

   Capital Return Policy Inaugural Base Dividend Announced Capital Allocation Strategy Base Dividend Continued investment in high-return growth Quarterly ‘Base Dividend’ of $0.05 per share Maintain peer leading financial strength Declared Q1 2021 Provide sustainable capital returns to shareholders Yiel

9. Slide 9: Robust Exploration and Growth Pipeline

   Robust Exploration and Growth Pipeline Near Mine Targets to Sustain and Grow From 700 – 800koz AuEq for at least 10+ years Çöpler District (+325koz11) Marigold (+250koz11) Seabee (+100koz11) Puna (+6.5Mozpa11) Ardich Mackay Santoy Gap HW Chinchillas Cöpler In-Pit Valmy Santoy HW Regional Cöpler Sadd

10. Slide 10: Overview of Assets

    MINING Overview of Assets

11. Slide 11: Çöpler: World-Class Long-Life Operation

    Çöpler: World-Class Long-Life Operation Location: Turkey Stage: Production Ownership: 80% Mining: Open pit Processing: Heap leach, POX Land: ~17,000 ha POX Plant Q4 2020 Highlights  4Q20 gold production of 83 koz at $748 /oz AISC  Production in-line with revised mine plan adopted to diversify ore

12. Slide 12: Çöpler District Growth Pipeline

    Çöpler District Growth Pipeline $33M budget focused on conversion, additions and discovery Infill / Resource Conversion 1 1 Ardich 2 Çöpler In-Pit 2 4 3 Çöpler Saddle 3 4 2 1 New Target Exploration / Definition 3 5 4 C2 Copper-Gold 6 5 Mavialtin 5 6 Turkey Regional SSRM:NASDAQ/TSX PAGE 12

13. Slide 13: Ardich: Targeting Upside to PEA Case

    Ardich: Targeting Upside to PEA Case Strong potential for conversion and resource growth Overview Ardich 2021 Planned Drilling  Ardich located ~6 km from Çöpler  2020 Mineral Resource and PEA case Proposed 2021 Holes N included 314 holes as of February 2020 PEA Pit Boundary Main  Total drilling:

14. Slide 14: C2 Copper-Gold Porphyry - Below Çöpler Main Pit

    C2 Copper-Gold Porphyry - Below Çöpler Main Pit Intercept of 0.74% CuEq (12) over 241.5m, including 1.77% CuEq (12) over 32m 2021 Development Çöpler Mine C2-Drilling (13) Flotation Test  9 drills mobilized to C2  A total of 11 holes now drilled – Manganese Pit showing mineralization A’ A  Initial

15. Slide 15: Marigold: Large-Scale Open Pit in Nevada

    Marigold: Large-Scale Open Pit in Nevada Location: Nevada, USA Stage: Production Ownership: 100% Marigold Rope Shovel Mining: Open pit Processing: Run-of-mine, heap leach Land: ~20,000 ha Q4 2020 Highlights  Record 4Q20 gold production of 77 koz at $1,070 /oz AISC  15% production increase vs. prev

16. Slide 16: Marigold Growth Pipeline

    Marigold Growth Pipeline +70,000 meters of drilling planned in 2021 Valmy N 5 4 1 Marigold Trenton 6 Canyon 2 3 500 meters 1 New Millennium 2 Trenton Canyon 3 Buffalo Valley 4 Valmy 5 Mackay Pit 6 Deep Sulphide SSRM:TSX / NASDAQ, SSR:ASX PAGE 16

17. Slide 17: Marigold: Barriers Removed, New Millennium Concept

    Marigold: Barriers Removed, New Millennium Concept Provides resource upside with higher grade potential New Millennium N  Concept uncovered with recent property Crossfire purchases Valmy and Section 6  Basalt and Antler pits historically mined ~1Moz Valmy at 0.75 g/t Au  Basalt current Mineral Re

18. Slide 18: Seabee: High-Grade Underground in Canada

    Seabee: High-Grade Underground in Canada Location: Saskatchewan, Canada Stage: Production Ownership: 100% Seabee Mill Mining: Underground Processing: Gravity concentration, Land: ~60,000 ha cyanide leaching (including joint venture) Q4 2020 Highlights  Strong 4Q20 gold production of 32 koz at $787

19. Slide 19: Seabee Growth Pipeline

    Seabee Growth Pipeline Testing +30km of shear zone strike length Infill / Resource Conversion N Santoy Mine Complex Santoy 8/9 Infill 1 Santoy Gap HW 23,300 hectare land Santoy HW package at Seabee 2 Santoy FW New Target Exploration / Definition Seabee mill, 2 airstrip & camp 4 3 Batman and Joker 1

20. Slide 20: Puna: Large Silver Producer

    Puna: Large Silver Producer Location: Argentina Stage: Production Ownership: 100% Chinchillas Mine Mining: Open pit Processing: Flotation Land: ~10,000 ha Q4 2020 Highlights  4Q20 production of 2.2 Moz Ag at AISC of $15.90 / oz  Produced 5.6 Moz Ag in 2020, exceeding updated full-year guidance  S

21. Slide 21: SSR Mining

    SSR Mining Delivering value and growth for our shareholders  Strong quarterly production of 220 koz AuEq Production and  Low quarterly AISC of $976 / oz Free Cash Flow  Generated $157M(5) in FCF in Q4 2020  Delivered CDMP technical report with two value Investment enhancing scenarios Catalysts 

22. Slide 22: Appendix

    MINING Appendix

23. Slide 23: Strong Quarterly Financial Results

    Strong Quarterly Financial Results Financial Highlights (15) EPS Bridge 0.01 Q4 Q4 $0.60 0.02 Units (0.03) 2020 2019 0.13 (0.04) 0.50 Gold Equivalent Production oz 220,432 106,205 $0.50 Gold Sales oz 182,328 85,404 0.41 Silver Sales Moz 1.0 2.6 $0.40 Total Gold Equivalent Sales oz 194,862 114,268 Re

24. Slide 24: Endnotes

    Endnotes 1. Please see our news release dated January 19, 2021. Gold equivalent production and AISC are based on a 76:1 gold to silver ratio. AISC is a non-GAAP financial measure. See "Cautionary Note Regarding Non-GAAP Measures” in this presentation. 2. Mineral Reserves and Mineral Resources for Ma

25. Slide 25: SSR Mining Inc. www.ssrmining.com

    SSR Mining Inc. www.ssrmining.com F. Edward Farid, Executive Vice President, Chief Corporate Development Officer Brian Martin, Director, Corporate Development & Investor Relations Telephone: +1 888.338.0046 or +1 604.689.3846 Email: invest@ssrmining.com

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