Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Silver Standard Resources — Merger or Acquisition (February 2014)

15 slides from Ssr Mining's merger presentation, February 2014

  1. Slide 1: Acquisition of Marigold Mine

    ACQUISITION OF MARIGOLD MINE February 2014 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 (collectivel

  3. Slide 3: Executive Summary

    Executive Summary  Acquisition of the Marigold mine in Nevada for $275M in cash  Sellers: Goldcorp (66.7%) and Barrick (33.3%)  Established mine with production of 162,000 oz of gold in 2013 (1)  Achieves strategic goals to add operating cash flow and reserves  Adds to experienced operating tea

  4. Slide 4: Strategic Rationale

    Strategic Rationale  Improves operating and political risk profile  Generates immediate operating cash flow  Enhances leverage to precious metals price  Diversifies operating base in prolific gold-silver trend  Leverages open-pit operating capabilities  Adds strong technical and operating team

  5. Slide 5: Marigold Mine: Overview

    Marigold Mine: Overview  Continuous production since 1988  Open pit, run-of-mine heap leach operation  Significant capital expenditures recently Twin Creeks Goldstrike  +$150M in 2012 and 2013 (2) MARIGOLD Maverick Springs Phoenix Cortez  Strong safety and environmental practices Candelaria  O

  6. Slide 6: Marigold Mine: Reserves and Resources

    Marigold Mine: Reserves and Resources  Long-life mine with exploration upside  Strong resource conversion and reserve growth since 2008  Historical mineral reserves and resources: Mineral Reserves & Resources (3) Tonnes Metal grade Contained metal (M tonnes) (g/t Gold) (M oz. Gold) Proven Mineral

  7. Slide 7: Production History

    Marigold Mine: Production History 90% 200 (6) 80% 73% 73% 73% 73% 73% 70% 162 70% Gold Ounces Produced ('000 oz) 154 150 144 147 144 137 60% Gold Recoveries (%) 50% 100 40% 30% 50 20% 10% 0 0% 2008 2009 2010 2011 2012 2013 Source: Goldcorp public filings. Consistent long-term operating track record

  8. Slide 8: Financial Profile

    Marigold Mine: Financial Profile $1,000 $200 $894 $900 $180 $784 $776 $800 $160 Earnings from Operations ($M) $678 $700 $140 Total Cash Cost ($ / oz) $608 $596 $600 $120 $101 $500 $92 $100 $400 $80 $300 $60 $44 $45 $200 $33 $40 $18 $100 $20 $0 $0 2008 2009 2010 2011 2012 2013 YTD (7) Source: Goldcor

  9. Slide 9: Our Priorities Going Forward

    Marigold Mine: Our Priorities Going Forward  Transition plan to focus on staff and operation  Mine optimization plan  Integration of recently purchased, larger scale mining equipment  Develop new mine plan with lower strip ratio and higher grade  Detailed review of expansion economics  Complet

  10. Slide 10: Roadmap

    Marigold Mine: Roadmap Q1 2014 Q2 2014 Q3 2014 Q4 2014 Integration Close Transaction Drilling Campaign NI 43-101 Announce File Report Resource Estimate NI 43-101 Announce File Report Technical Report Analyst Tour Planned approach to integration and future SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 10

  11. Slide 11: Silver Standard: Enhanced Reserve Profile

    Silver Standard: Enhanced Reserve Profile Silver Equivalent (8) Pro Forma Silver Equivalent Mineral Reserves Mineral Reserves Argentina Peru 9% 4% Argentina 14% USA 34% Peru 3% Mexico 54% Mexico 82% Total: 583M AgEq oz Total: 879M AgEq oz Lower geopolitical risk Note: Silver equivalent mineral reser

  12. Slide 12: Silver Standard: Production Profile

    Silver Standard: Production Profile 20.0 17.9 18.0 16.0 Silver Equivalent Production (Moz.) 14.0 12.0 Marigold 10.0 8.2 Pirquitas 8.0 6.0 4.0 2.0 0.0 2013 2013 Pro Forma (9) Doubles production at no dilution Note: Silver equivalent production calculated using only silver and gold ounces produced. Go

  13. Slide 13: Multi-mine Producer with Capacity to Grow

    Multi-mine Producer with Capacity to Grow Upgrades portfolio and diversifies risk Provides scale and operating cash flow No Silver Standard equity issuance Adds world-class operating team Focus on integration and transition plan SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 13

  14. Slide 14: Questions and Answers

    QUESTIONS AND ANSWERS SSRI:NDAQ | SSO: TSX 14

  15. Slide 15: Presentation Footnotes

    Presentation Footnotes Slide 3 1) As disclosed by Goldcorp in its news release dated January 8, 2014, grossed up to illustrate 100% production figures. Slide 5 2) Based on ‘Expenditures for mining interests’, as disclosed by Goldcorp in its public filings, of $100 million ($45 million in 2012 and $5

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