Slide 1: Second Quarter 2022 Financial Results
A FREE CASH FLOW FOCUSED GOLD PRODUCER Second Quarter 2022 Financial Results August 2022
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively
Slide 3: Diversified Portfolio of High Quality, Long-Life Assets
Diversified Portfolio of High Quality, Long-Life Assets Stable Operating Platform of 700+ koz AuEq Annually High Stable production platform of 700+ koz AuEq Operations Quality ▪ Four core operating jurisdictions Projects Diversified ▪ 10+ Moz AuEq Mineral Reserves Seabee Portfolio ▪ 17+ year weighte
Slide 4: Our Sustainability Vision: Living Our Values
Our Sustainability Vision: Living Our Values Our Values Shape Our Culture and Support our Strategy and Vision People & Culture Sustainability Health, Safety & Risk We value our people and invest in We care for the environment and We protect and care for the people, their growth and development. comm
Slide 5: Continued Operational Delivery Over Past Decade
Continued Operational Delivery Over Past Decade Long-term Stable Production Platform With Additional Avenues for Growth Historical Results** Technical Report Summaries* 1,100 Commercial Production at Çöpler Sulfide 700 koz until the end Plant 1,000 of the decade achievable MOE with with modest conve
Slide 6: Building on Proven History of Project Delivery and M&A
Building on Proven History of Project Delivery and M&A Non-Core Asset Sales in Excess of US$240M Over the Past Four Quarters Delivering Projects Building Value Through Disciplined M&A ** On Time & Budget POX Plant (Çöpler) SSRM / Alacer Merger Non-Core Asset Sales -10% Exploration 1.4x 2.4x $744M An
Slide 7: Track Record of Returning Capital to Shareholders
Track Record of Returning Capital to Shareholders Peer-leading Returns Aligned With Free Cash Flow Outlook History of Significant Shareholder Returns ▪ Capital returns program aligned with strong free cash flow outlook 2022 Capital Returns * ▪ Robust capital returns programs in 2021 (5.1% yield) and
Slide 8: Second Quarter 2022 Commentary
Second Quarter 2022 Commentary Strong Operating Results Include Record First Half Production at Seabee Solid quarterly operating performance ▪ Q2 consolidated production of 159 koz AuEq at production costs of $986/oz and AISC * of $1,267/oz AuEq ▪ Record H1 production of over 90 koz at Seabee on gra
Slide 9: Strong Quarterly Financial Results
Strong Quarterly Financial Results Free Cash Flow Remains Weighted to Second Half Financial Highlights Diluted Q2 2022 EPS Bridge * Units Q2 2022 Q2 2021 Gold Equivalent Production oz 159,262 199,673 Gold Sales oz 146,329 173,572 Silver Sales Moz 1.8 1.9 Total Gold Equivalent Sales oz 167,201 201,50
Slide 10: Guidance Continues to Reflect Strong Margin Production
Guidance Continues to Reflect Strong Margin Production Cost Performance Impacted by Çöpler Shutdown, Inflationary Pressures 2022 Production & Cost Guidance Components of Cost Guidance Increase Prior * Updated Çöpler Au koz 255 – 285 220 – 250 Marigold Au koz 215 – 245 215 – 245 Seabee Au koz 115 – 1
Slide 11: Significant Financial Strength
Significant Financial Strength Robust Balance Sheet Metrics Net Debt to 2022E EBITDA Capital Allocation Priorities Financial Position Reinvesting in Low Capital Centerra (1.8x) Intensity Growth Market Capitalization ~$3.4B ▪ 2022 growth capital of $76M SSR Mining (1.0x) ▪ $69M initial capex at Ardic
Slide 12: Asset Overviews
MINING ASSET OVERVIEWS
Slide 13: Çöpler: Flagship Asset with a 22+ Year Mine Life
Çöpler: Flagship Asset with a 22+ Year Mine Life Location: Türkiye Stage: Production Ownership: 80% Çakmaktepe Pit Mining: Open pit Processing: Heap leach, POX Land: ~27,000 ha Q2 2022 Highlights ▪ Gold production of 51 koz at production cost of $1,091/oz and AISC* of $1,253/oz ▪ Autoclave maintenan
Slide 14: Marigold: Large-Scale Open Pit in Nevada
Marigold: Large-Scale Open Pit in Nevada Location: USA Stage: Production Ownership: 100% Marigold Rope Shovel Mining: Open pit Processing: ROM, heap leach Land: ~20,000 ha Q2 2022 Highlights ▪ Gold production of 46 koz at production cost of $1,097/oz and AISC* of $1,458/oz ▪ Stacked 71 koz of recove
Slide 15: Seabee: High-Grade Underground in Canada
Seabee: High-Grade Underground in Canada Location: Canada Stage: Production Ownership: 100% Seabee Mill Mining: Underground Processing: Gravity concentration, Land: ~62,000 ha cyanide leaching Q2 2022 Highlights ▪ Quarterly gold production of 38 koz at production cost of $447/oz and AISC* of $628/oz
Slide 16: Puna: Large Silver Producer
Puna: Large Silver Producer Location: Argentina Stage: Production Ownership: 100% Chinchillas Mine Mining: Open pit Processing: Flotation Land: ~10,000 ha Q2 2022 Highlights ▪ Silver production of 2.0 Moz Ag at production cost of $18.29/oz and AISC* of $15.23/oz ▪ Production returned to plan with av
Slide 17: Robust Exploration and Growth Pipeline
Robust Exploration and Growth Pipeline Near Mine Targets To Sustain And Grow From +700koz AuEq For At Least 10+ Years Çöpler District Marigold Seabee Puna Çakmaktepe Mackay Santoy 8 & 9 Chinchillas Extension (Ardich) Cöpler In-Pit/Saddle Valmy Santoy GHW/FW Cortaderas Çöpler Copper (C2) New Millenni
Slide 18: Appendix
MINING Appendix
Slide 19: Executive Team and Board of Directors
Executive Team and Board of Directors Depth of Experience and Track Record of Delivery Executive Team Rodney Antal Alison White Stewart Beckman F. Edward Farid Michael Sparks President, Chief EVP, Chief EVP, Chief EVP, Chief Corporate EVP, Chief Legal & Executive Officer Financial Officer Operating
Slide 20: Çakmaktepe Extension: Progressing to 1st Production in 2023
Çakmaktepe Extension: Progressing to 1st Production in 2023 Strong Potential for Further Conversion and Resource Growth Overview Çakmaktepe Extension Geological Cross Section * ▪ Çakmaktepe Extension located ~6 km from Çöpler ▪ 2021 Initial Mineral Reserve included in CDMP21 ▪ 1.68Moz Au in total Mi
Slide 21: Copper Hill: Greenfield Discovery
Copper Hill: Greenfield Discovery Near-surface Copper Sulfide Mineralization Overview 2021 Exploration Drilling & Sampling ▪ Located in the Black Sea region of northeast Türkiye; 70% owned by SSR Mining ▪ Drilling started in 2018, with 35 holes (~11,000 m) drilled to-date * ▪ Highlight intercepts in
Slide 22: Marigold: Targeting Additional Oxide Mineralization
Marigold: Targeting Additional Oxide Mineralization New Millennium Target Presents Opportunity for Resource Growth Recent Drilling * At New Millennium Target Recent Exploration Highlights ▪ Marigold currently hosts a mine life of +10 years, with current exploration focused on additional oxide ore th
Slide 23: First Mover Advantage in Saskatchewan
First Mover Advantage in Saskatchewan Pipeline of Regional Targets Across Underexplored Province Saskatchewan Platform Crossfire ▪ Seabee is the only producing gold mine in Saskatchewan Valmy ▪ Acquisition of Taiga Gold Corp. * significantly expands SSR Mining’s regional platform in the province: Va
Slide 24: Seabee Exploration Program Yielding Positive Results
Seabee Exploration Program Yielding Positive Results Gap Hanging Wall Reserves Included in 2021 R&R Statement Overview Highlight Intercepts * At Seabee’s Joker Target ▪ 2021 drilling focused on brownfields development targets across Seabee and Fisher properties ▪ Gap Hanging Wall (GHW) hosts potenti
Slide 25: Endnotes
Endnotes 1. Mineral Reserves and Mineral Resources for Çöpler, Marigold, Seabee, Puna, San Luis, Pitarrilla, and Amisk as of December 31, 2021. Mineral Reserves and Mineral Resources are shown on a 100% basis. Mineral Resources are stated exclusive of Mineral Reserves. For details see our news relea
Slide 26: Non-GAAP Reconciliations
Non-GAAP Reconciliations 2022 Guidance Table Çöpler (17) Marigold Seabee Puna Other Consolidated Operating Guidance (100% basis) (15,16) Prior (5) Updated Prior (5) Updated Prior (5) Updated Prior (5) Updated Prior (5) Updated Prior (5) Updated Gold Production koz 255 - 285 220 - 250 215 - 245 215 -
Slide 27: Adjusted Attributable Net Income per Share
Non-GAAP Reconciliations Adjusted Attributable Net Income per Share, Free Cash Flow Three Months Ended June 30 (in thousands, except per share) 2022 2021 Net income attributable to equity holders of SSR Mining (GAAP) $58,488 $74,719 Interest saving on convertible notes, net of tax $1,230 $1,259 Net
Slide 28: Cash Costs and AISC
Non-GAAP Reconciliations Cash Costs, AISC, Net Cash Three Months Ended June 30 2022 2021 (in thousands, unless otherwise noted) Çöpler Marigold Seabee Puna Corporate Total Total Production costs (GAAP) $63,095 $50,422 $19,015 $32,396 $0 $164,928 $166,946 By-product credits ($743) ($22) ($41) ($11,83
Slide 29: SSR Mining Inc.
SSR Mining Inc. www.ssrmining.com F. Edward Farid, Executive Vice President, Chief Corporate Development Officer Alex Hunchak, Director, Corporate Development and Investor Relations Email: invest@ssrmining.com SSRM:NASDAQ / TSX, SSR:ASX