Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Silver Standard Resources — FY2014 Earnings Presentation

17 slides from Ssr Mining's earnings presentation, Feb 20, 2015

  1. Slide 1: Year End 2014 Conference Call

    YEAR END 2014 CONFERENCE CALL February 20, 2015 SSRI:NDAQ | SSO: TSX 1

  2. Slide 2: Cautionary Notes

    Cautionary Notes Cautionary Note 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

  3. Slide 3: Focusing on Delivery

    FOCUSING ON DELIVERY  Delivered cash cost reductions through operational excellence  Produced record Q4 gold at Marigold  Achieved record annual silver and zinc production at Pirquitas  Generated closing cash balance of $185 million SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 3

  4. Slide 4: Delivering on Strategy

    DELIVERING ON STRATEGY  Safe production at lowest cost  Capable, broad management team  Strategy for growth SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 4

  5. Slide 5: Marigold

    MARIGOLD  Operational excellence program delivered results  Produced 129,615 oz of gold in 2014*  Cash costs of $838/oz of gold sold in 2014*  Annual production exceeded guidance and cash costs met guidance * 2014 production and cash costs are for the nine months ending December 31, 2014. Cash c

  6. Slide 6: Pirquitas

    PIRQUITAS  Produced record 8.7M oz of silver and record 30M lbs of zinc in 2014  Lowered cash costs to $12.08/oz of silver sold in 2014*  Focused on operational excellence  Achieved guidance for third consecutive year * Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Reg

  7. Slide 7: 2014 Mineral Reserves and Resources Estimate

    2014 Mineral Reserves and Resources Estimate Total  Gold of 2.61 Moz Mineral Reserves  Silver of 48.0 Moz Total Mineral  Gold of 5.15 Moz Resources (M + I)*  Silver of 944.5 Moz Inferred  Gold of 0.45 Moz Mineral Resources  Silver of 88.1 Moz Focused on increasing reserves at our mines * Total

  8. Slide 8: Exploration: Focused on mine life extension

    EXPLORATION: Focused on mine life extension Pirquitas  Surface exploration program  Underground reserves evaluation  Pit re-evaluation Marigold  Resource development program  Deep sulphide exploration potential SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 8

  9. Slide 9: Strong Underlying Performance in 2014

    Strong Underlying Performance in 2014 Cash and cash equivalents ($ million) $396 Marigold Mine Acquisition $185 $135 $102 Q1 2014 Q2 2014 Q3 2014 Q4 2014  Operating activities generated $69 million  Marigold generated $39 million of income from mine operations SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX

  10. Slide 10: Selected Operating and Financial Results

    Selected Operating and Financial Results Units Q4 2014 Q3 2014* 2014* 2013* Silver Production Moz 2.2 2.6 8.7 8.2 Silver Sales Moz 2.8 1.9 8.1 8.7 Gold Production oz 67,113 40,442 129,615 -- Gold Sales oz 68,748 38,245 128,983 -- Revenue $M $122.8 $79.3 $300.1 $174.7 Income from Mine Operations $M $

  11. Slide 11: Cash Costs: Lowered Pirquitas Cost Profile

    Cash Costs: Lowered Pirquitas Cost Profile $12.87 $11.50 - $12.50 $12.36 $12.18 $12.22 $12.08 $11.76 Cash costs per payable ounce of silver sold * 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 2014 2015 Guidance * Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Regarding Non-GAAP Mea

  12. Slide 12: Cash Costs: Achieving Efficiencies at Marigold

    Cash Costs: Achieving Efficiencies at Marigold $1,103 $997 Cash costs per payable $838 ounce of gold sold * $725 - $800 $665 Q2 2014 Q3 2014 Q4 2014 2014 2015 Guidance * 2014 cash costs are for the nine months ending December 31, 2014. Cash costs are a non-GAAP financial measure. Please see "Caution

  13. Slide 13: Financial Strength to Fund Growth

    Financial Strength to Fund Growth 2014 2013 Cash $185M $416M Current Assets** $492M $681M Current Liabilities $123M $104M Working Capital** $369M $577M ** Inclusive of Pretium Resources Inc. investment of $100 million and Argonaut Gold Inc. investment of $2 million as of December 31, 2014, and $98 m

  14. Slide 14: 2015 Guidance

    2015 Guidance Units Pirquitas Marigold Gold Production oz – 160,000 –175,000 Silver production Moz 9.0 – 10.0 – Zinc production Mlb 10 – 12 – Cash costs per payable ounce sold* $/oz $11.50 – $12.50 $725 – $800 Capital expenditures $M $10 $20 Capitalized stripping costs $M – $25 Please refer to our n

  15. Slide 15: Team and Assets Delivered

    Key Goals for 2014  Successfully integrate and optimize Marigold  Advance operational excellence at Pirquitas  Progress exploration and development projects  Maintain strong balance sheet and cost discipline  Use strong balance sheet for growth opportunities Team and Assets Delivered SSRI:NASDA

  16. Slide 16: Why Silver Standard in 2015

    Why Silver Standard in 2015  Capable  Corporate level management team free cash flow  Focus on operational  Strong balance excellence sheet  Maintain cost  Strategy for growth discipline SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 16

  17. Slide 17: Year End 2014 Conference Call

    YEAR END 2014 CONFERENCE CALL SSRI:NDAQ | SSO: TSX 17

Silver Standard Resources — FY2014 Earnings Presentation on 6ix