Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Silver Standard Resources — FY2015 Earnings Presentation

17 slides from Ssr Mining's earnings presentation, Feb 26, 2016

  1. Slide 1: Year End 2015 Conference Call

    YEAR END 2015 CONFERENCE CALL February 26, 2015 SSRI:NDAQ | SSO: TSX 1

  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

  3. Slide 3: Value and Growth

    VALUE AND GROWTH  Record 2015 gold and silver production  Free cash flow increased cash position to $212M  Marigold exploration success and Valmy acquisition  Chinchillas option agreement for potential LOM extension Record Au Eq 350,000 oz at $723/oz cash cost Note: Cash costs are a non-GAAP fin

  4. Slide 4: Marigold: 2015

    MARIGOLD: 2015  Produced record 207,006 oz of gold, exceeding guidance  Cash costs of $692/oz of gold sold, below guidance  Adding three trucks to increase hauling capacity to 80Mtpa  2016 guidance: increasing production, lowering cash costs Note: Cash costs are a non-GAAP financial measure. Ple

  5. Slide 5: Pirquitas: 2015

    PIRQUITAS: 2015  Produced record 10.3M oz of silver  Record low cash costs of $10.68/oz of silver sold  Achieved higher silver grades, silver recovery and milling throughput Achieved guidance four consecutive years Notes: Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Re

  6. Slide 6: 2015 Mineral Reserves and Resources Estimate

    2015 Mineral Reserves and Resources Estimate Proven and Probable  Gold of 2.46 Moz Mineral Reserves  Silver of 31.5 Moz Measured and Indicated  Gold of 5.52 Moz Mineral Resources  Silver of 756.6 Moz Inferred  Gold of 0.55 Moz Mineral Resources  Silver of 44.9 Moz Focused on increasing reserve

  7. Slide 7: Marigold Gold Mineral Reserves

    Marigold Mineral Reserves 3.0 2.32 0.20 Gold Mineral Reserves 0.13 0.18 2.17 (million ounces) 2.0 1.0 0.0 2014 Reserves Depletion Gold Price Assay Program 2015 Reserves Mineral Reserves are based on $1,100/oz gold price assumption. Notes: Mineral Reserves include 0.13 million ounces of leach pad inv

  8. Slide 8: Marigold Gold Mineral Resources

    Marigold Mineral Resources 6.0 0.55 0.30 0.25 0.08 4.58 4.16 0.20 0.63 0.35 Gold Mineral Resources 4.0 (million ounces) 2.0 0.0 2014 M+I Depletion Gold Price Drilling / Assay Basalt Pit 2015 M+I Valmy 2015 Resources Model Program Resources Inferred Resources Mineral Resources are based on $1,400/oz

  9. Slide 9: Pirquitas Silver Mineral Reserves

    Pirquitas Mineral Reserves 40.8 17.7 40.0 Silver Mineral Reserves (million ounces) 0.5 2.0 24.3 20.0 0.0 2014 Reserves Depletion Silver Price Operational 2015 Reserves Excellence Mineral Reserves are based on $16.00/oz silver price assumption. Notes: Silver Proven and Probable Mineral Reserves have

  10. Slide 10: Pirquitas Silver Mineral Resources

    Pirquitas Mineral Resources 97.8 17.7 9.7 9.6 80.0 Silver Mineral Resources 80.0 (million ounces) 40.0 0.0 2014 M+I Resources Depletion Silver Price Operational 2015 M+I Resources Excellence Mineral Resources are based on $22.50/oz silver price assumption. Notes: Measured and Indicated Mineral Resou

  11. Slide 11: Exploration: Focused on Mine Life Extension

    Exploration: Focused on Mine Life Extension Marigold: 2015 exploration success  Completed +39,000 meters of resource development drilling  Discovered three higher grade mineralized areas  Assay program increased contained gold by 13%  Inferred Mineral Resources at Valmy Pirquitas: Focus on Chinc

  12. Slide 12: Selected Operating and Financial Results

    Selected Operating and Financial Results Units Q4 2015 Q3 2015 2015 2014 Gold Production oz 61,461 41,262 207,007 129,615 Gold Sales oz 62,827 39,525 206,338 128,983 Silver Production Moz 2.6 2.6 10.3 8.7 Silver Sales Moz 1.9 2.8 10.3 8.1 Revenue $M $90.6 $77.2 $375.3 $300.1 (Loss) income from Mine

  13. Slide 13: Lowered Gold and Silver Cash Costs

    Lowered Gold and Silver Cash Costs Marigold Mine Pirquitas Mine $838 $19.70 $700 - $750 Cash costs per payable Cash costs per payable $692 $16.88 ounce of silver sold ounce of gold sold $12.87 $12.08 $10.50 - $11.50 $10.68 2014 2015 2015 2011 2012 2013 2014 2015 2015 Guidance Guidance Notes: 2014 go

  14. Slide 14: Financial Strength to Fund Growth

    Financial Strength to Fund Growth Units YE 2015 YE 2014 Cash $M $212 $185 Marketable Securities $M $88 $104 Total Assets $M $872 $986 Current Liabilities $M $136 $123 Working Capital $M $341 $369 SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 14

  15. Slide 15: 2016 Guidance

    2016 Guidance Units Marigold Pirquitas Gold Production oz 200,000 – 210,000 – Silver production Moz – 8.0 – 10.0 Zinc production Mlb – 0.0 – 5.0 Cash costs per payable ounce sold * $/oz $690 – $740 $10.50 – $12.50 Capital expenditures $M $32 $5 Capitalized stripping costs $M $30 – Notes: Please refe

  16. Slide 16: Why Silver Standard in 2016?

    Why Silver Standard in 2016?  Scale: Producing +320,000 oz AuEq at $770/oz cash cost  Liquidity: $212M cash, $88M marketable securities; $75M credit facility  Value: Maximize value of existing assets  Growth: Positioned to acquire another opportunity Notes: Gold equivalent ounces have been estab

  17. Slide 17: Year End 2015 Conference Call

    YEAR END 2015 CONFERENCE CALL SSRI:NDAQ | SSO: TSX 17

Silver Standard Resources — FY2015 Earnings Presentation on 6ix