Slide 1: Creating Value: June 2017 Corporate Presentation
CREATING VALUE June 2017 Corporate Presentation
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “f
Slide 3: High-Quality Intermediate Precious Metals Producer
High-Quality Intermediate Precious Metals Producer Three mining operations with Production prospective land positions Growth and Produced record 393,325 oz AuEq in 2016 Scale Produced 97,851 oz AuEq in Q1 2017 Generating Operating cash flow of $31M (Q1 2017) Free Cash Net income of $15M (Q
Slide 4: Delivering on our Strategy and Creating Value
Delivering on our Strategy and Creating Value Maximizing the value of our existing mines Operational Excellence Investing in brownfields exploration Strengthening our balance sheet Rationalizing our portfolio Looking for new internal and external opportunities Acquired the Seabee Gold
Slide 5: Delivering Scale and Margin
Delivering Scale and Margin Record Gold Equivalent Production in 2016 $1,200 400 12% and Realized Gold Price (green) ($/oz) 393 Gold Equivalent Cash Costs (orange) Gold Equivalent Production (Koz) $1,000 349 300 $810 Increase in Production $800 year-on-year $723 265 $653 200 $600 10% $400 100 $200 D
Slide 6: Strong Outlook in 2017
Strong Outlook in 2017 Marigold Seabee Pirquitas Silver Standard Gold Gold Silver Gold Equivalent Production 205K – 215K oz 72K – 82K oz 4.5M – 5.5M oz 340K – 370K oz Cash Costs $655/oz – $705/oz $575/oz – $625/oz $13.50/oz – $16.00/oz * $700/oz – $770/oz (US$/oz) Mid-point Guidance 355,000 oz AuEq
Slide 7: Marigold: Growth in Nevada
MARIGOLD GROWTH IN NEVADA SSRI:NASDAQ │SSO:TSX │ June 2017 7
Slide 8: Track Record of Performance and Growth
Track Record of Performance and Growth Open pit, run-of-mine heap leach gold operation Continuous production since 1988 Strong safety and environmental practices Twin Creeks Goldstrike MARIGOLD Maverick Springs Phoenix Excellent infrastructure Cortez Carlin Trend Battle Mountain-Eureka Trend
Slide 9: Marigold Operating Outlook
Marigold Operating Outlook 2017 2018 2019 2020 2021 Gold production (Koz) 205 – 215 200 – 210 225 – 235 205 – 215 230 – 240 Cash costs ($/oz) $655 – $705 $830 – $880 $740 – $790 $660 – $710 $550 – $600 Capital investment ($M) $30 $35 $25 $20 $25 Capitalized deferred $17 $15 $15 $30 $70 stripping ($M
Slide 10: Operating Costs
Lower Operating Cost Profile Focus and Discipline for Long Term Value $9.00 Operating Costs 8% ($/tonne ore) 13% 8% $6.00 13% Mining Costs 79% $3.00 Processing Costs 79% G&A Costs $0.00 2014 Technical Report 2016 5-year Outlook Labor Labor Other 29% Other 31% 40% 42% Fuel Royalties 17% Fuel 15% Roya
Slide 11: Creating Value with Operational Excellence
Creating Value with Operational Excellence DRILL BLAST LOAD HAUL Reduced drills to four Improved blasting pattern / Used most effective shovel Implemented a ‘hot shift from six products and loading operator to train others change’ for truck operators sequence Cost per Foot Drilled Total Blasting Cos
Slide 12: Leader in Productivity and Utilization
Leader in Productivity and Utilization Marigold Rope Shovel Marigold Rope Shovel Note: Marigold 4100 XPC-AC Rope Shovel compared to information provided by Joy Global benchmark study for the period January 1, 2017 to February 1, 2017 with respect to rope shovel operating practices at certain preciou
Slide 13: Operational Excellence is Fundamental
Operational Excellence is Fundamental Long-term Cost Savings at Marigold $1.92 Mining Cost per Tonne $1.74 $1.70 $1.65 $1.65 $1.61 $1.62 $1.57 $1.54 $1.55 $1.52 $1.48 $1.48 $1.45 2013 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 Lowering Cos
Slide 14: Marigold Mineral Reserves Increase 30%
Marigold Mineral Reserves Increase 30% 1.00 2.84 3.0 Gold Mineral Reserve 2.17 0.27 (million ounces) 0.05 2.0 1.0 0.0 2015 Reserves Depletion Model Assumptions Exploration 2016 Reserves Notes: Mineral Reserves are based on $1,250/oz gold price assumption. Mineral Reserves include 0.17 million ounces
Slide 15: Exploration Success and Resource Conversion
Exploration Success and Resource Conversion N 8N 8D 8SX HideOut Mud Pits Valmy East Basalt Battle Cry A’ Reserve Pits 2016 Resource A Additions Basalt Pit 2017 Drill Areas Core Holes Terry Zone North Mackay Pit 1 km Higher-grade discoveries since 2014 A Original Surface EOY 2015 Resource Surface EOY
Slide 16: Seabee Gold Operation: High-Grade Gold Mine
SEABEE GOLD OPERATION HIGH-GRADE GOLD MINE SSRI:NASDAQ │SSO:TSX │ June 2017 16
Slide 17: Seabee Gold Operation Overview
Seabee Gold Operation Overview High-margin Underground Operation in a Stable Jurisdiction High-grade, underground mine in Saskatchewan, Canada Mill operating since 1991 with current capacity of 900 tpd Strong safety and environmental practices 77,640 oz Au record production in 2016 21,023
Slide 18: Improved Operating Profile
Improved Operating Profile Higher Gold Grade and Lower Costs with Santoy Discovery 100 $954 $1,000 72 - 82 78 76 75 $757 $800 Cash Costs ($/oz Au) Production (Koz Au) 63 $639 $575 - $625 $525 $600 50 44 $400 25 $200 21 Q1 2017 (Actual) 0 $0 2013 2014 2015 2016 2017 Guidance Notes: 2016 cash costs of
Slide 19: Reserve Gold Grade Increased to 8.2 g/t
Reserve Gold Grade Increased to 8.2 g/t Seabee 2016 Mineral Reserves and Resources 400 11 192 361 Gold Mineral Reserve (thousand ounces) 200 239 81 50% Increase in Mineral Reserves year-on-year 0 2015 Reserves Depletion Exploration Model 2016 Reserves Assumptions 638 Gold Mineral Resources 1,000 43%
Slide 20: Continued Exploration Success at Santoy
Continued Exploration Success at Santoy Santoy Gap (9A, 9B, 9C) Santoy 8A Gap HW 9.9m at 8.2g/t (JOY-16-749) 2.1m at 51.2g/t (SUG-16-090) 3.0m at 21.9g/t 2.1m at 53.5g/t (SUG-17-902) 5.8m at 21.0g/t (SUG-17-001) (SUG-16-083) 9.5m at 9.1g/t (JOY-16-751) Q4 2016 and Q1 2017 1.6m at 20.8g/t Santoy Gap
Slide 21: Increased Land Package ~150% with Fisher Project
Increased Land Package ~150% with Fisher Project 23,300 Hectare Land Package at Seabee 34,000 Hectare Land Package at Fisher Project Underexplored Well-positioned for discovery with $5M spend in 2017 Notes: Exploration spend for Claude Resources includes actual spend in 2013, 2014, and 2015. See “Ca
Slide 22: Puna Operations: Large-Scale Silver Producer
PUNA OPERATIONS LARGE-SCALE SILVER PRODUCER SSRI:NASDAQ │SSO:TSX │ June 2017 22
Slide 23: Pirquitas: Proven Capability and Delivery
Pirquitas: Proven Capability and Delivery Generated Free Cash Flow in 2016 Commercial production at Pirquitas achieved in 2009 Plant processed +4,000 tpd producing a silver concentrate 10.4M oz Ag record annual production in 2016 1.5M oz Ag production at $12.68/oz cash costs in Q1 2017 Pirqu
Slide 24: Positioned to Generate Free Cash Flow in 2017
Positioned to Generate Free Cash Flow in 2017 $19.70 $16.88 $13.50 - $16.00 * Cash Costs per Payable Ounce of Silver Sold $12.87 $12.08 $10.68 $9.00 2011 2012 2013 2014 2015 2016 2017 Guidance Year of Records Achieved record low costs and production at Pirquitas * As cash costs are reported on a per
Slide 25: Chinchillas Project Overview
Chinchillas Project Overview Brownfields Development for Pirquitas Operating Life Extension Silver Standard is the JV operator with a 75% controlling interest Chinchillas is a silver-lead-zinc deposit located 45 km from the Pirquitas plant and facilities Pirquitas Operation Extends Pirquitas o
Slide 26: Chinchillas Project Overview (100% Project Basis)
Chinchillas Project Overview (100% Project Basis) Near-term Production with Positive Pre-Feasibility Results Mine life: 8 years N Total material mined: 66.6 M tonnes Strip ratio: 4.7 Processing rate: 4,000 tpd 6.1 Moz Silver Average annual 35.0 Mlb Lead production (8 years active mining): 12.3 Mlb Z
Slide 27: Pirquitas Underground
Pirquitas Underground Focused on Mine Life Extension Potential small-scale, high-grade ore feed from the Chocaya, Oploca and Cortaderas veins Positive drill results from 2015 drill program: 3.16 meters at 1,436 g/t silver 1.93 meters at 1,890 g/t silver 0.83 meters at 2,670 g/t silver Re
Slide 28: Prospective Property Positions and Exploration Success
Prospective Property Positions and Exploration Success Option agreement on Santoy Prospective brownfields projects at Chinchillas shear zone extension and Pirquitas UG Fisher Project Chinchillas Project Option agreement on a high-grade, Carlin- Option agreement on high-grade, gold- type gold deposit
Slide 29: Properties, Projects and Production
Properties, Projects and Production Maximizing Value of Portfolio with Property Sales 9 2 6 7. Maverick Springs 1 7 8. San Marcial Brucejack 6. Amisk Snowfield 1. Marigold 8 (Pretium) 4. San Luis 5 9. Sunrise Lake Berenguela 2. Seabee Diablillos Candelaria 3. Pirquitas Bowdens San Agustin 5. Pitarri
Slide 30: Delivering Long-Term Value for our Shareholders
Delivering Long-Term Value for our Shareholders Three mining operations with prospective land positions in the Americas Scale and Quality for Developing the Chinchillas project for 2018 production Growth Market cap of ~$1.3B with listings on NASDAQ and TSX Maximizing value of existing assets
Slide 31: Value & Growth
Value & Growth SSRI:NASDAQ │SSO:TSX │ June 2017 31
Slide 32: San Luis Project
San Luis Project High-Grade Gold Development Option Ancash Region, Peru High-grade mineralization with N M+I Mineral Resources of 9.0M oz Ag at 578.1 g/t 0.35M oz Au at 22.4 g/t Ecash Community Already Secured EIA Ayelén Vein Feasibility Study Going forward San Simon Vein Pursuing communit
Slide 33: Pitarrilla Project
Pitarrilla Project Large Mineral Resource Development Option Development stage silver-lead-zinc deposit Open pit / UG project with potential for long life Conventional flotation and leaching Pitarrilla Project Durango, Mexico Measured and Indicated Mineral Resources Open pit: 497M oz Ag at
Slide 34: Mineral Reserves
Mineral Reserves (as at December 31, 2016) Mineral Reserves Location Tonnes Silver Gold Zinc Silver Gold millions g/t g/t % million oz million oz Proven Mineral Reserves Seabee Canada 0.52 6.97 0.12 Total 0.12 Probable Mineral Reserves Marigold U.S. 185.00 0.45 2.67 Marigold Leach Pad Inventory U.S.
Slide 35: Mineral Resources: Measured and Indicated
Mineral Resources: Measured and Indicated (as at December 31, 2016) Mineral Resources Location Tonnes Silver Gold Lead Zinc Silver Gold millions g/t g/t % % million oz million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Seabee Canada 0.81 7.71 0.20 Pitarrilla Mexico 10.13 91
Slide 36: Mineral Resources: Inferred
Mineral Resources: Inferred (as at December 31, 2016) Mineral Resources Location Tonnes Silver Gold Lead Zinc Silver Gold millions g/t g/t % % million oz million oz Inferred Mineral Resources Marigold U.S. 53.60 0.41 0.70 Seabee Canada 2.56 7.74 0.64 Pirquitas Argentina 0.91 80.3 1.88 2.3 Pirquitas
Slide 37: Reserves and Resources: Notes to Tables
Reserves and Resources Notes to Tables All estimates set forth in the Mineral Reserves and Mineral Resources table have been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). The estimates of Mineral Reserves and Mineral Resources fo
Slide 38: Chinchillas Mineral Reserves and Resources
Chinchillas Mineral Reserves and Resources 100% Project Basis Mineral Resources Tonnes AgEq Ag Pb Zn AgEq Ag Pb Zn (as at Oct. 2, 2016) (Mt) (g/t) (g/t) % % (Moz) (Moz) (Mlb) (Mlb) Measured 3.1 160 128 0.60 0.41 16 13 41 28 Indicated 26.2 148 98 0.94 0.62 124 83 540 358 Total (M+I) 29.3 149 101 0.90
Slide 39: Strong Technical and Commercial Experience
Strong Technical and Commercial Experience Board of Directors Management Team Michael Anglin Paul Benson Chairman President, CEO and Director Paul Benson Gregory Martin SVP and CFO Brian Booth Alan Pangbourne Gustavo Herrero COO Beverlee Park John DeCooman VP, Business Development and Strategy Richa
Slide 40: Ownership and Capitalization Summary
Ownership and Capitalization Summary Top 10 Shareholders % of Shares Outstanding Institutional Holdings by Country Van Eck Value 18.6% 11% Renaissance Technologies 3.9% 7% United States Deutsche Bank 2.0% Canada The Vanguard Group 1.9% 15% United Kingdom Investec Asset Management 1.7% Other Sun Vall
Slide 41: Notes
Notes SSRI:NASDAQ │SSO:TSX │ June 2017 41
Slide 42: Notes
Notes SSRI:NASDAQ │SSO:TSX │ June 2017 42
Slide 43: Notes
Notes SSRI:NASDAQ │SSO:TSX │ June 2017 43
Slide 44: Silver Standard Resources Inc. contact details
Silver Standard Resources Inc. Website: www.silverstandard.com Email: invest@silverstandard.com Toll-free: 1.888.338.0046 Telephone: 1.604.689.3846