Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — CIBC Western Institutional Investor Conference 2021
23 slides from Ssr Mining's conference presentation, Jan 20, 2021
Slide 1: A Free Cash Flow Focused Gold Producer
A FREE CASH FLOW FOCUSED GOLD PRODUCER January 2021
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to us, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively “forward
Slide 3: Diversified Portfolio of High Quality, Long-Life Assets
Diversified Portfolio of High Quality, Long-Life Assets Operations and projects across six jurisdictions 2020 production of 711 koz AuEq (1) High Quality 2021 production: 720 – 800 koz AuEq (1) Operations Projects Diversified 9+ Moz AuEq Mineral Reserves (2) Portfolio Seabee 21+ year corners
Slide 4: Developing a Sustainable Legacy
Developing a Sustainable Legacy Successful culture focused on discipline and integrity (8) Environmental Safe Production Governance, Responsibility Social Performance and Diversity Zero significant environmental Zero fatalities Material investment in incidents or spills communities COVID-19
Slide 5: 2021 Outlook
2021 Outlook Operational delivery, free cash flow generation, capital returns and growth Priorities 2021 Production Guidance (1) Continued operational delivery and free cash flow generation across all mines Çöpler 310 – 340 Corporate Au koz Health & safety focus across the portfolio Marigold Au
Slide 6: Free Cash Flow Leader
Free Cash Flow Leader Peer leading free cash flow generation and yield 2021E Consensus Free Cash Flow Per Ounce (4,5) US$ per ounce | Consensus Free Cash Flow (100% basis) / Consensus Ounces Produced +$230/oz +$650 $419 SSR Mining Midcap Peer Group 2021E Consensus Free Cash Flow Yield (4,5) % | Cons
Slide 7: Significant Financial Strength
Significant Financial Strength Robust balance sheet and credit metrics Over $770M of Consolidated Cash (6) Net Debt to 2021E EBITDA (10) Face Value Debt Maturity Interest Rate ($M) Market Capitalization (9) ~$4B Centamin (0.8x) Project Finance US$228 2023 LIBOR + 3.50% - 3.70% IAMGOLD (0.5x) Convert
Slide 8: Capital Return Policy Announced
Capital Return Policy Announced Capital Allocation Strategy Base Dividend Continued investment in high-return growth Quarterly ‘Base Dividend’ of $0.05 per share Maintain peer leading financial strength Commencing in Q1 2021 Provide sustainable capital returns to shareholders Yield of approximately
Slide 9: Track Record of Growth
Track Record of Growth Driven by organic growth and M&A Production Growth (11) Production by Asset MOE with Alacer 2021 Guidance Midpoint COVID-19 Suspensions AuEq. (100% Basis) Commercial Production at Çöpler Sulfide Plant Puna 11% Seabee 800 13% Acquired Acquired Built Çöpler Marigold Sulfide Plan
Slide 10: 2021 Exploration and Resource Development
2021 Exploration and Resource Development Mineral Resource conversion, expansion and development Near mine exploration portfolio poised to deliver low capital intensity organic growth Çöpler District: $33M Marigold: $18M Seabee: $8M Cöpler New Trenton Santoy Santoy Ardich C2 Mackay Fisher Saddle Mil
Slide 11: Overview of Assets
MINING Overview of Assets
Slide 12: Çöpler: Overview
Çöpler: Overview Location: Turkey Stage: Production Ownership: 80% POX Plant Mining: Open pit Processing: Heap leach, POX Land: ~17,000 ha ‘Tier 1’ gold operation that can process both oxide and sulfide ore +300kozpa gold production over next-5 years (3) +21 year mine life (3) CDMP technical
Slide 13: Marigold: Overview
Marigold: Overview Location: Nevada, USA Stage: Production Ownership: 100% Marigold Rope Shovel Mining: Open pit Processing: Run-of-mine, heap leach Land: ~20,000 ha Continuous operation since 1989, over 4M ounces of gold produced Oxide Mineral Reserves support mine life to early 2030’s Track
Slide 14: Seabee: Overview
Seabee: Overview Location: Saskatchewan, Canada Stage: Production Ownership: 100% Seabee Mill Aerial Mining: Underground Processing: Gravity concentration, Land: ~60,000 ha cyanide leaching (including earn-in) One of the highest-grade underground mines in Canada (>10 g/t) (2) Continuous operatio
Slide 15: Puna: Overview
Puna: Overview Location: Argentina Stage: Production Ownership: 100% Chinchillas Mine Mining: Open pit Processing: Flotation Land: ~10,000 ha Constructed on-time, on-budget in 2018 Current mine life to 2025 (14) ~75% of revenue from silver (14) Operating steady-state after December 2018 comm
Slide 16: Appendix
MINING Appendix
Slide 17: 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 Gregory Martin Michael Sparks President, Chief EVP, Chief EVP, Chief Corporate EVP, Chief EVP, Chief Legal & Executive Officer Operating Officer Development
Slide 18: COVID-19 Response and Impact
COVID-19 Response and Impact Protection of our employees & communities is our highest priority COVID-19 Management Plan To mitigate risks to communities, employees and our business, have implemented policies and protocols in response to the COVID-19 pandemic All operations continue to work with
Slide 19: CDMP20: Reserve Case Summary
CDMP20: Reserve Case Summary Reserve and Resource Highlights (3) Reserve Case Summary (3) 4.0Moz Reserves Item Unit Reserve Case 22% increase in Mineral Reserves Oxide Processed 7.4Moz Measured & Indicated Resources Heap Leach Quantity kt 7,668 Gold Feed Grade g/t 1.22 24% increase in M&I Mi
Slide 20: CDMP20: Alternate PEA Case Summary
CDMP20: Alternate PEA Case Summary Building a pathway to +300koz annual production in Turkey Reserve and Resource Highlights (3) PEA Case Summary (3,18) 4.0Moz Reserves Item Unit PEA Case 22% increase in Mineral Reserves Oxide Processed 7.4Moz Measured & Indicated Resources Heap Leach Quantity
Slide 21: Tailings Dam Disclosure
Tailings Dam Disclosure Seabee Marigold Puna Çöpler Triangle Lake TSF East Lake TSF Marigold Mine TSF Pirquitas Tailings Dam Çöpler Mine TSF Status Active Active Inactive Inactive (water storage only) Active 2009 (ceased use as of May Date of Initial Operation 2004 1991 1989 (closed as of 1999) 2018
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 for 2021 guidance and 81:1 for 2020 production actuals. AISC is a non-GAAP financial measure. See "Cautionary Note Regarding Non-GAAP Measures” in this present
Slide 23: SSR Mining Inc.
SSR Mining Inc. www.ssrmining.com F. Edward Farid, Executive Vice President, Chief Corporate Development Officer Brian Martin, Director, Corporate Development & Investor Relations Telephone: +1 888.338.0046 or +1 604.689.3846 Email: invest@ssrmining.com
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