Slide 1: Q1 2021 Conference Call
A FREE CASH FLOW FOCUSED GOLD PRODUCER Q1 2021 CONFERENCE CALL May 2021
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively
Slide 3: Diversified Portfolio of High Quality, Long-Life Assets
Diversified Portfolio of High Quality, Long-Life Assets Operations and projects across six jurisdictions (1) High Quality 2021 production: 720 – 800 koz AuEq Operations Diversified 9+ Moz AuEq Mineral Reserves (2) Projects Seabee Portfolio 21+ year cornerstone asset life (3) Marigold Balance
Slide 4: Developing a Sustainable Legacy
Developing a Sustainable Legacy Creating value through responsible and sustainable operations (7) Establishing strong Creating positive Lasting Safe, healthy and governance and legacies in environmental competent transparency communities stewardship workforce Updated suite of Building a science- Zer
Slide 5: 2021 Outlook
2021 Outlook Operational delivery, free cash flow generation, capital returns and growth Priorities 2021 Production Guidance (1) Çöpler Au koz 310 – 340 Continued operational delivery and free cash flow generation Corporate Marigold Au koz 235 – 265 Health & safety focus across the portfolio C
Slide 6: Q1 2021 Highlights
Q1 2021 Highlights Operational Delivery Across All Four Operating Assets Operational Consolidated production of 196 koz AuEq at AISC of $1,004 / oz AuEq On-track to achieve 2021 guidance targets Delivered integrated sustainability report, commitment to net zero greenhouse emissions by 2050 Ali
Slide 7: Strong Quarterly Financial Results
Strong Quarterly Financial Results Financial Highlights (13) EPS Bridge Units Q1 2021 Q4 2020 Gold Equivalent Production oz 196,094 220,432 Gold Sales oz 173,370 182,328 Silver Sales Moz 2.0 1.0 Total Gold Equivalent Sales oz 201,494 194,862 Revenue $M $366.5 $370.7 Income from Mine Operations $M $1
Slide 8: 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) IAMGOLD (0.9x) Market Capitalization (9) ~$3.6B Term Loan US$193 2023 LIBOR + 3.50% - 3.70% Centamin (0.8x) Convertible Not
Slide 9: Free Cash Flow Leader
Free Cash Flow Leader Aligning Free Cash Flow Yield with Capital Returns Yield 2021E Consensus Free Cash Flow Yield (4,5) % | Consensus Free Cash Flow (100% basis) / Market Capitalization +9.3% 10.9% 1.6%* SSR Mining Midcap Peer Group 2021E Capital Return Yield % | Consensus Capital Returns (100% ba
Slide 10: Çöpler: Long Life, Low Cost Operation
Çöpler: Long Life, Low Cost Operation Location: Turkey Stage: Production Ownership: 80% POX Plant Mining: Open pit Processing: Heap leach, POX Land: ~27,000 ha Q1 2021 Highlights Gold production of 79 koz at $743/oz AISC 54 koz from the sulfide plant and 25 koz from the oxide plant Sulfide pla
Slide 11: 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: ROM, heap leach Land: ~20,000 ha Q1 2021 Highlights Gold production of 68 koz at $1,276/oz AISC Record material movement of 23.8 million tonnes achie
Slide 12: 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) Q1 2021 Highlights Gold production of 24 koz at $1,116/oz AISC
Slide 13: 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 Q1 2021 Highlights Silver production of 1.8 Moz Ag at AISC of $13.98/ oz Quarterly mill throughput averaged 4,511 tpd, demonstrating improved
Slide 14: 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 (+325koz 11) Marigold (+250koz 11) Seabee (+100koz 11) Puna (+6.5Mozpa 11) Ardich Mackay Santoy Gap HW Chinchillas Cöpler In-Pit Valmy Santoy HW Regional Cöpler
Slide 15: Appendix
Appendix
Slide 16: Executive Team and Board of Directors
Executive Team and Board of Directors Depth of experience and track record of delivery Executive Team Rodney Antal Stewart Beckman Edward Farid Michael Sparks Alison White President, Chief EVP, Chief EVP, Chief Corporate EVP, Chief Legal & EVP, Chief Executive Officer Operating Officer Development O
Slide 17: 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:TSX / NASDAQ, SSR:ASX PAGE 17
Slide 18: 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 Total drilling: 62,34
Slide 19: 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 19
Slide 20: 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
Slide 21: 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
Slide 22: 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 Çö
Slide 23: SSR Mining Inc.
SSR Mining Inc. www.ssrmining.com F. Edward Farid, Executive Vice President, Chief Corporate Development Officer Email: invest@ssrmining.com