Slide 1: Q3 2014 Conference Call
Q3 2014 CONFERENCE CALL November 6, 2014 SSRI:NDAQ | SSO: TSX 1
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
Slide 3: Delivering Results
DELIVERING RESULTS Operational efficiencies drive ongoing cost reduction Achieved gold production 23% above guidance at Marigold Delivered record quarterly silver production at Pirquitas Completed Marigold LOM plan and mine tour SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 3
Slide 4: Marigold: Q3 2014
MARIGOLD: Q3 2014 Produced 40,442 oz of gold, 23% above guidance Lowered cash costs to $997/oz of gold sold Continued mine operating efficiency improvements Increased gold production guidance to between 110,000 and 120,000 ounces * Cash costs are a non-GAAP financial measure. Please see "Cau
Slide 5: Pirquitas: Q3 2014
PIRQUITAS: Q3 2014 Produced record 2.6M oz of silver Delivered 7.0M lbs of zinc Achieved cash costs of $12.22/oz of silver sold Focused on operational excellence On track to achieve production and cost guidance over three consecutive years * Cash costs are a non-GAAP financial measure. Ple
Slide 6: Exploration: Q3 Activities
EXPLORATION: Q3 Activities Marigold: Resource delineation and exploration drilling Pirquitas: Field evaluation and drilling program Bonita Zone: Two holes drilled Pitarrilla / Parral: Surface exploration and drill target delineation SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 6
Slide 7: Third Quarter Results
Third Quarter Results Q3 2014 Q2 2014 Silver Production 2.6Moz 2.0Moz Silver Sales 1.9Moz 1.9Moz Gold Production 40,442oz 22,060oz Gold Sales 38,245oz 21,990oz Revenue $79.3M $64.3M Income from Mine Operations $6.3M $11.0M Net Loss $14.7M $7.3M SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 7
Slide 8: Financial Strength to Fund Growth
Financial Strength to Fund Growth Q3 2014 Q2 2014 Cash $135M $102M Current Assets* $471M $527M Current Liabilities $108M $100M Working Capital* $363M $428M * Inclusive of Pretium Resources Inc. investment of $91 million and Argonaut Gold Inc. investment of $5 million as of September 30, 2014. SSRI:N
Slide 9: Cash Costs: Lowered Pirquitas Cost Profile
Cash Costs: Lowered Pirquitas Cost Profile $19.70 $16.88 Cash costs per payable ounce of silver sold $12.87 $12.00 - $13.00 $12.36 $12.18 $12.22 2011 2012 2013 Q1 2014 Q2 2014 Q3 2014 2014 Guidance Note: Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Regarding Non-GAAP Meas
Slide 10: Cash Costs: Achieving Efficiencies at Marigold
Cash Costs: Achieving Efficiencies at Marigold $1,103 $997 $800 - $900 Cash costs per payable ounce of gold sold Q2 2014 Q3 2014 2014 Guidance Note: Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Regarding Non-GAAP Measures” in this presentation. SSRI:NASDAQ SSRI:NDAQ ||SSO
Slide 11: Key Goals for 2014
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 Elements for growth SSRI:NASDAQ SSRI
Slide 12: Q3 2014 Conference Call
Q3 2014 CONFERENCE CALL SSRI:NDAQ | SSO: TSX 12