Slide 1: Creating Value: June 2016 Corporate Presentation
CREATING VALUE June 2016 Corporate Presentation
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
Slide 3: High-Quality Intermediate Precious Metals Producer
High-Quality Intermediate Precious Metals Producer Producing 390,000 oz Au eq in 2016, on an annualized basis, from three precious metals mines Generating free cash flow in 2016 Investing $17M for Mineral Resources and Reserves growth Maintaining a strong balance sheet with $330M in cash and
Slide 4: Our Achievements
Our Achievements Four-year track record of meeting production and cost guidance Since acquiring the Marigold mine in April 2014 Increased annual gold equivalent production by +150% to 350K oz in 2015 Decreased mining cost per tonne at Marigold by 25% to $1.45/t in Q1 2016 Increased cash by
Slide 5: 1Q 2016 Highlights
1Q 2016 Highlights Strong Production 50,520 oz gold and 2.6M oz silver Low Cash Costs $719/oz gold and record low $8.93/oz silver AISC Lower Year-on-Year $841/oz gold, 12% lower, and $9.67/oz silver, 23% lower Free Cash Flow Increased cash balance to $218M, up by $6M Operating Cash Flow $19M cash ge
Slide 6: Delivering Scale and Margin
Delivering Scale and Margin $926 $1,000 $906 20.7 98.9 97.3 100 93.2 $768 84Koz 76.0 83.7 82.6 $800 Gold Equivalent Cash Costs ($/oz) 80.7 Gold Equivalent Production (Koz) $765 75 $719 $746 $695 $702 $715 $600 Gold Eq. Production in 1Q16 53.7 50 $512 $400 25 30.9 $200 $715/oz Gold Eq. Cash Costs in
Slide 7: Marigold: Growth in Nevada
MARIGOLD GROWTH IN NEVADA SSRI:NASDAQ │SSO:TSX │June 2016 7
Slide 8: Track Record of Performance and Growth
Track Record of Performance and Growth Open pit, run-of-mine heap leach gold operation Continuous production since 1988 Strong safety and environmental practices Twin Creeks Goldstrike Excellent infrastructure Maverick MARIGOLD Springs Phoenix Cortez Produced record 207,006 oz Au at cash c
Slide 9: Improved 2016 Guidance at Marigold
Improved 2016 Guidance at Marigold Gold Production 200,000oz – 210,000oz Cash costs per payable ounce sold $690/oz – $740/oz Capital expenditures $32M Capitalized stripping costs $30M Production guidance is 20% higher in 2016 compared to 2014 Technical Report Cash costs guidance is 15% lower in
Slide 10: Top Quartile Loading Efficiency
Top Quartile Loading Efficiency 8,000 Average tonnes loaded per hour 6,000 4,000 2,000 0 M1 M8 Marigold M17 M2 M2 M20 M10 M14 M21 M4 495HR 4100 XPB 4100 XPC 495HR 4100 XPB 495HR 495HR 4100 XPC 495HR 495HR 4100 XPB Lowering Costs High loading productivity drives efficiencies and lower costs Note: Mar
Slide 11: Creating Value with Operational Excellence
Creating Value with Operational Excellence Moving 80Mt of Material per Year, a 50% Increase since 2014 DRILL BLAST LOAD HAUL Reduced drills to four Improved blasting pattern / Used most effective shovel Implemented a ‘hot shift from six products and loading operator to train others change’ for truck
Slide 12: Operational Excellence is Fundamental
Operational Excellence is Fundamental Long-term Cost Savings $1.92 Mining Cost per tonne $1.74 $1.70 $1.65 $1.61 $1.62 $1.57 $1.54 $1.48 $1.45 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Lowering Costs Savings of 1¢ cost per tonne mined = $800,000 annually Notes: Ann
Slide 13: Investing in the Future
Investing in the Future Planned exploration expenditures of $4M in 2016 Complete assay program over life of mine Resources to Reserves conversion drill program Advance Valmy property exploration SSRI:NASDAQ │SSO:TSX │June 2016 13
Slide 14: Assay Program
Assay Program Increases Contained Gold by 13% Pit Outline as of Original Topography December 2015 Pit Outline at YE 2016 Pit Outline at YE 2019 Mineralized Ore as at December 2014 Additional Ore Tonnage and Ounces 100 meters W E Notes: See news releases dated July 6, 2015 and May 11, 2016 for additi
Slide 15: Mineral Resource Discovery
Mineral Resource Discovery Valmy and Mud Pits Higher-grade discoveries since 2014 8SX HideOut 8SX: 91.4 m at 2.48 g/t Au 8D: 164.6 m at 1.67 g/t Au A’ 8D HideOut: 76.2 m at 2.47 g/t Au A Terry Zone Basalt Pit Terry Zone: 74.7 m at 0.88 g/t Au 1 km N Reserve Pits 2015 Resource Additions 201
Slide 16: Pirquitas: Large Open-Pit Silver Mine
PIRQUITAS LARGE OPEN-PIT SILVER MINE SSRI:NASDAQ │SSO:TSX │June 2016 16
Slide 17: Proven Capability and Delivery
Proven Capability and Delivery Free cash flow in 2016 In commercial production since 2009 Good safety record and solid stakeholder relations 100%-owned and operated Pirquitas Mine Open pit silver-zinc mine in Argentina Jujuy, Argentina Diablillos Project Flotation plant processes 4,500 tpd
Slide 18: Pirquitas Cash Costs Trending Down
Pirquitas Cash Costs Trending Down $19.70 $16.88 Cash costs per payable ounce of silver sold $12.87 $12.08 $9.50 - $11.50 $10.68 $8.93 2011 2012 2013 2014 2015 Q1 2016 2016 Guidance Lowering Costs Achieved record low cash costs again 1Q 2016 Notes: Cash costs is a non-GAAP financial measure. Please
Slide 19: Chinchillas Project
Chinchillas Project Potential to Extend Pirquitas Operating Life Silver-zinc-lead deposit located 30 km from Pirquitas mine +10,000 meters infill drilling completed in Q4 2015 61 meters at 673 g/t silver 50 meters at 637 g/t silver 38 meters at 278 g/t silver $7.5M planned in 2016 for ex
Slide 20: Chinchillas Mineral Resources
Chinchillas Mineral Resources Potential to Extend Pirquitas Operating Life Chinchillas Indicated Mineral Resources Cut-off AgEq Ag Pb Zn AgEq Ag Pb Zn Mt AgEq (g/t) (g/t) (g/t) (%) (%) (Moz) (Moz) (Mlbs) (Mlbs) 45 34.2 142 91 0.8 0.57 155 100 618 431 90 21.9 183 123 1.1 0.62 129 86 510 301 110 17.5
Slide 21: Pirquitas Underground
Pirquitas Underground Focused on Mine Life Extension Potential small-scale, high-grade ore feed from the Chocaya, Oploca and Cortaderas veins Positive drill results from 2015 drill program: 3.16 meters at 1,436 g/t silver 1.93 meters at 1,890 g/t silver 0.83 meters at 2,670 g/t silver Co
Slide 22: Seabee Gold Operation: High-Grade Gold Mine
SEABEE GOLD OPERATION HIGH-GRADE GOLD MINE SSRI:NASDAQ │SSO:TSX │June 2016 22
Slide 23: Seabee Gold Operation Overview
Seabee Gold Operation Overview High-grade, underground mine in Saskatchewan, Canada One of the top global mining-friendly jurisdictions Mill operating since 1991 with current capacity of 850 tpd Strong safety and environmental practices 2016 Q1: Produced 20,672 oz of gold at cash costs of
Slide 24: Well-positioned for discovery with $2M spend in 2016
Well-positioned for discovery with $2M spend in 2016 ~25 km Underexplored Total exploration spend from 2013 to 2015 of $2.5 million Notes: Exploration spend for Claude Resources includes actual spend in 2013, 2014, and 2015. SSRI:NASDAQ │SSO:TSX │June 2016 24
Slide 25: Improved Operating Profile
Improved Operating Profile Higher Gold Grade and Lower Costs with Santoy Discovery 100 $954 $1,000 76 75 $757 Production (Koz Au) Cash Cost ($/oz Au) $800 $525 $600 50 $400 63 25 44 $200 0 $0 2013 2014 2015 Notes: Cash costs is a non-GAAP financial measure. Please see "Cautionary Note Regarding Non-
Slide 26: Key Driver: Santoy Gap Ore Body
Key Driver: Santoy Gap Ore Body 2,000 oz/vertical meter (Seabee: ~1,000 oz/vertical meter) Production well-ahead of schedule and pre-feasibility design Reconciling above reserves and resources on ounces and below on tonnage Infrastructure upgrades on-going for 650 to 700 tpd profile in 2016
Slide 27: Properties, Projects and Production
Properties, Projects and Production Over $570M Cash from Divestments since 2010 12 3 8 1 10 9 9. Candelaria 1. Marigold 11 10. Maverick 4. San Luis 5 Springs 6. Diablillos 13 8. Amisk 3. Seabee 11. San Marcial 2. Pirquitas 7. Berenguela 5. Pitarrilla 4 12. Sunrise Lake 7 13. Parral 2 6 SSRI:NASDAQ │
Slide 28: San Luis Project
San Luis Project High-Grade Gold Development Option Ancash Region, Peru High grade mineralization with N M+I Mineral Resources of 9.0 Moz Ag at 578.1 g/t 0.35 Moz Au at 22.4 g/t Ecash Community Already Secured EIA Ayelén Vein Feasibility Study Going forward San Simon Vein Pursuing communit
Slide 29: Pitarrilla Project
Pitarrilla Project Large Mineral Resource Development Option Development stage silver-lead-zinc deposit Open pit / UG project with potential for long life Parral Mining District Chihuahua Conventional flotation and leaching Pitarrilla Project Durango Measured and Indicated Mineral Resources
Slide 30: Perdito Project
Perdito Project High-grade, Carlin-type sediment-hosted gold deposits in California Gold grades of up to 10.9 g/t confirmed by duplicate surface sampling Multiple, ready-to-drill targets based on previous exploration, mapping and drilling Airborne geophysical surveys completed in December 2015
Slide 31: Creating Value and Growth
Creating Value and Growth Producing +390,000 oz Au eq at $715/oz cash costs, pro forma 2016 Resource growth potential from $17M of brownfields exploration Development potential at the Chinchillas project Strong balance sheet with $330M in cash and marketable securities Three precious metals mines lo
Slide 32: Value & Growth
Value & Growth SSRI:NASDAQ │SSO:TSX │June 2016 32
Slide 33: 2016 Consolidated Full-Year Guidance
2016 Consolidated Full-Year Guidance Production and Cash Costs Marigold Pirquitas Seabee Silver Standard Gold Silver Gold Gold Equivalent Production 200K – 210K oz 8M – 10M oz 65K – 72K oz 370K – 414K oz Cash Costs $690/oz – $740/oz $9.50/oz – $11.50/oz $525/oz – $580/oz $670/oz – $755/oz (US$/oz) A
Slide 34: Mineral Reserves
Mineral Reserves (as at December 31, 2015) Mineral Reserves Location Tonnes Silver Gold Zinc Silver Gold millions g/t g/t % million oz million oz Proven Mineral Reserves San Luis Peru 0.06 604.5 28.3 1.1 0.05 Total 1.1 0.05 Probable Mineral Reserves Marigold U.S. 140.30 0.45 2.04 Marigold Leach Pad
Slide 35: Mineral Resources: Measured and Indicated
Mineral Resources: Measured and Indicated (as at December 31, 2015) Mineral Resources Location Tonnes Silver Gold Lead Zinc Copper Silver Gold millions g/t g/t % % % million oz million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Pitarrilla Mexico 10.13 91.7 29.8 San Luis Per
Slide 36: Mineral Resources: Inferred
Mineral Resources: Inferred (as at December 31, 2015) Mineral Resources Location Tonnes Silver Gold Lead Zinc Copper Silver Gold millions g/t g/t % % % million oz million oz Inferred Mineral Resources Marigold U.S. 38.80 0.44 0.55 Pirquitas Argentina 0.79 87.3 1.88 2.2 Pirquitas UG Argentina 0.94 20
Slide 37: 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 NI 43-101. The estimates of Mineral Reserves and Mineral Resources for each property other than the Marigold mine have been reviewed and approved b
Slide 38: Strong Technical and Commercial Experience
Strong Technical and Commercial Experience Board of Directors Management Team Peter Tomsett Paul Benson Chairman President, CEO and Director Michael Anglin Gregory Martin SVP and CFO Paul Benson Alan Pangbourne Brian Booth COO Gustavo Herrero John DeCooman VP, Business Development and Strategy Bever
Slide 39: Ownership and Capitalization Summary
Ownership and Capitalization Summary Top 10 Shareholders % of Shares Outstanding Institutional Holdings by Country Van Eck Value 7.1% 13% Kopernik Global Investors 3.9% United States 8% Renaissance Technologies 2.6% Canada Investec Asset Management 2.6% Sun Valley Gold 2.4% United Kingdom 59% Wells
Slide 40: Silver Standard Resources Inc. Contact
Silver Standard Resources Inc. Website: www.silverstandard.com Email: invest@silverstandard.com Toll-free: 1.888.338.0046 Telephone: 1.604.689.3846