Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Silver Standard Resources — Shareholder Meeting (May 2007)
27 slides from Ssr Mining's shareholder meeting presentation, May 2, 2007
Slide 1: Annual General Meeting
Annual General Meeting May 2, 2007 Silver Standard Resources Inc. Lever e Silver Standard has the largest in-ground silver resource of any publicly-traded silver company. Through project development, Silver Standard is poised to become a leading primary silver producer. 1
Slide 2: Silver: Versatile, Without Substitute; Leverage to Silver
Silver: Versatile, Without Substitute and With Growing Uses Best electrical & thermal conductor Contacts between conductors, including use in thick film pastes and inks Natural biocide Water purification, burn treatment, wound dressings, surface treatment RFID tags Strength and fluidity Brazing allo
Slide 3: Consistent Growth in Resources
Consistent Growth in Resources Millions of silver ounces 1600 1400 1200 1000 +321% 800 600 400 200 +397% 0 2000 2001 2002 2003 2004 2005 2006 Apr. 2007 Proven & Probable Measured & Indicated Inferred Growth rate in resources: average 29% per year 5 Consistent Growth in Silver Resources per Share Sil
Slide 4: Focus on Silver Exposure
Focus on Silver Exposure Total Silver: Gold 10% Tin Bullion — 1.95 mil. oz. 7% Proven — 20.5 mil. oz. Probable — 86.6 mil. oz. Measured — 169.5 mil. oz. Silver Zinc Indicated — 550.1 mil. oz. 57% 18% Inferred — 617.6 mil. oz. Copper 4% Lead 4% 7 Based on Silver Standard's reserves and resources and
Slide 5: Diverse Portfolio in Attractive Regions
Diverse Portfolio in Attractive Regions Total silver reserves and resources (mil oz) 1600 1500 1400 1300 1200 Bolivia 1100 Peru 1000 Chile 900 Argentina 800 700 Sweden 600 Australia 500 Mexico 400 US & Canada 300 200 100 0 Apex Coeur Pan Silver Silver American Wheaton Standard 9 Based on silver rese
Slide 6: Geopolitical Diversity; Strategy for Growth
Geopolitical Diversity PRINCIPAL PROJECTS Canada (13%) PROJECT PIPELINE SNOWFIELD SUNRISE LAKE SILVERTIP Mexico (39%) United States (13%) PITARRILLA SAN MARCIAL SHAFTER VETA COLORADA CANDELARIA MAVERICK SPRINGS Peru (8%) SAN LUIS Argentina (18%) BERENGUELA PIRQUITAS DIABLILLOS Australia (7%) Chile (
Slide 7: Pirquitas, Argentina Feasibility Summary
Pirquitas, Argentina Silver-Tin-Zinc Project FEASIBILITY SUMMARY* Capital costs (2005): US$146 million Mine type: Open pit Annual throughput: 2.1 million tonnes Annual production: 9.6 million oz. silver By-products: Tin, zinc Cash operating cost: US$ 2.42/oz. silver Total cost: US$ 4.53/oz. silver S
Slide 8: Pirquitas Gas Pipeline
Pirquitas Gas Pipeline 15 Pirquitas 16 8
Slide 9: Pirquitas
Pirquitas 17 Pirquitas 18 9
Slide 10: Pirquitas
Pirquitas 19 Pirquitas 20 10
Slide 11: Pirquitas Economics
Pirquitas Economics NPV 0% (US$ mil) NPV 5% (US$ mil) IRR (%) $900 70 $800 60 $700 50 $600 $500 40 $400 30 $300 20 $200 10 $100 $0 0 $5.351 $7.162 $9.003 $12.004 $15.005 Silver Price 1. $2.75/lb tin, $0.42/lb zinc 2. $3.56/lb tin, $0.58/lb zinc 3. $4.47/lb tin, $0.73/lb zinc 4. $5.97/lb tin, $0.97/l
Slide 12: San Luis, Peru Silver-Gold JV
San Luis, Peru Silver-Gold JV (55%, up to 80%) Pierina Mine (Barrick) Huaráz 23 San Luis – Identified Veins 24 12
Slide 13: San Luis Surface Trench Assays
San Luis Surface Trench Assays 25 San Luis 26 13
Slide 14: San Luis Cross Section A-A'
San Luis 27 San Luis Cross Section A-A' 28 14
Slide 15: San Luis Long Section A-A'
San Luis Long Section A-A' 3.8 / 110 10.7 / 272 58.0 / 1961 2.5m South 0.1 / 12 Best Best 1.9m 134.0 / 2246 4.2m 78.4 / 2082 North 7.3 / 644 A-8 6.0m 1.6m 36.4 / 719 A-6 A-10 8.6m 33.3 / 704 7.1m 5.7 / 396 23.2 / 265 0.99m 197.1 / 3578 A-12 26.5 / 272 SL-06-09 2.6m 1.2 / 64 A-3 2.9m 1.1m 19.6 / 309
Slide 16: Pitarrilla, Mexico: World Class Silver Discovery
Pitarrilla, Mexico: World Class Silver Discovery 1 2 Major Silver Districts 3 PITARRILLA 1 Santa Barbara 4 2 San Martin Chalchihuites 3 Fresnillo 5 4 Zacatecas 5 Guanajuato 31 Pitarrilla, Mexico Silver Discovery PROJECT SUMMARY RESOURCES Tonnes Silver SSRI Silver Ownership: 100% Mine type: Open pit/
Slide 17: Camp at Pitarrilla
Camp at Pitarrilla 33 Drilling Breccia Ridge 34 17
Slide 18: Drilling South Ridge
Drilling South Ridge 35 Drilling Breccia Ridge 36 18
Slide 19: Pitarrilla Zones
Pitarrilla Zones 37 Cordon Colorado – Breccia Ridge Section A – A' Cordon Colorado Breccia Ridge BPD-152 534.8 ft @ 6.7 oz/t Ag Including: 51.5 ft @ 49.8 oz/t Ag, 6.92% Zn 6.00% Pb 5.57% Cu 38 19
Slide 20: Diablillos, Argentina Silver-Gold Project
Pitarrilla Silver Discovery Pitarrilla Silver Discovery 39 Diablillos, Argentina Silver-Gold Project PROJECT SUMMARY* Ownership: 100% Mine type: Open pit Location: 275 km from Pirquitas Annual throughput: 2 mil tonnes Annual production: 5.9 mil oz silver 43,000 oz gold Barrick completed a US$17 mill
Slide 21: Snowfield, British Columbia Gold Project
Snowfield, British Columbia Gold Project 41 Snowfield 42 21
Slide 22: Snowfield
Snowfield 43 Snowfield 58m 44 22
Slide 23: Maverick Springs, Nevada
Maverick Springs, Nevada 100% Silver RESOURCES Tonnes Silver SSRI Silver (mil) (g/t) (mil oz.) Indicated: 63.19 34.3 69.6 Inferred: 77.63 34.3 85.6 45 Maverick Springs Plan 46 23
Slide 24: Blue Sky Projects; Silver Standard's Growth
Blue Sky Projects Berenguela Peru Bowdens Veta Challacollo Australia Colorada Chile Mexico Candelaria Shafter Maverick Springs Silvertip Sunrise Lk, US US US Canada Canada 47 Based on scoping studies and subject to feasibility studies and silver price Silver Standard's Growth 2006-2007 (in millions)
Slide 25: Directors & Management; 2007 Activities
Directors & Management DIRECTORS Robert Quartermain President David Johnston Former President and General Manager, Highland Valley Copper Corporation William Meyer Chairman, Minco Mining and Metals Corp. Gordon Davis Founder and former director of Cyprus Anvil John Brodie, FCA, President,
Slide 26: Snapshot (May 2007)
Snapshot Nasdaq: SSRI (May 2007) TSX: SSO COMMON SHARES ISSUED 62.1 million Fully Diluted 66.1 million AVERAGE DAILY SHARE VOLUME (2007) 866,000 CASH (at Dec. 31, 2006) CDN$ 229.6 million SILVER BULLION (at Dec. 31, 2006) CDN$ 29.4 million MARKETABLE SECURITIES (at Dec. 31, 2006) CDN$ 35.6 million S
Slide 27: Cautionary Note to U.S. Investors
Cautionary Note to U.S. Investors . . . . Concerning disclosure of estimates of measured, indicated and inferred mineral resources and contained ounces of silver: The terms “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” used in this presentation are Canadia
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