Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Merger or Acquisition (May 2023)
17 slides from Ssr Mining's merger presentation, May 8, 2023
Slide 1: Hod Maden Transaction
Hod Maden Transaction May 2023
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: Hod Maden: Acquisition of a World Class Deposit That Fits Strategy
Hod Maden: Acquisition of a World Class Deposit That Fits Strategy, Geographic Focus, and Leverages SSR Mining’s Core Strengths to Create Shareholder Value Hod Maden Complements SSR Mining’s Diversified Portfolio of High-Quality, (i) Long-Life Assets and Generates Strong Free Cash Flow Hod Maden Ove
Slide 4: Hod Maden is One of the Most Attractive Development Assets in the Sector
Hod Maden is One of the Most Attractive Development Assets in the Sector (ii) First Quartile Life of Mine Cost Profile and Best-In-Class Grades Drive Strong Free Cash Flow (i) (i, ii, iii) Global Gold-Copper Assets By Grade Gold Industry Co-Product AISC Curve ($/oz AuEq) 1.8 $4,000 Relative Size = C
Slide 5: Strategic Rationale
Strategic Rationale (iv) High Return Investment in a Core Jurisdiction With Industry-Leading Free Cash Flow Generation High Return, Near-Term & Strong Free Cash Flow Accretive Transaction (i) (i) De-Risked Growth Project & Low Capital Intensity On All Key Metrics ▪ Project IRR: 36% (iv) ▪ Projected
Slide 6: Accretive Transaction Delivers Value to Shareholders
Accretive Transaction Delivers Value to Shareholders Hod Maden Accretive to SSR Mining on Meaningful Pro Forma Per Share Metrics Highlights Key Transaction Metrics ▪ Transaction adds 13+ years of high margin production to SSR Mining’s portfolio, excluding any potential exploration upside ▪ Projected
Slide 7: Hod Maden Project Highlights
Hod Maden Project Highlights (i) High Margin Gold-Copper Development Project Located in Northeastern Türkiye Türkiye Underground 11.1 g/t Location Mine Gold Equivalent Mineral Reserve Grade 13 Years 195 koz $588 Mine Life Average Annual Production (AuEq) Co-Product AISC ($/oz Au) (ii) $164 Million $
Slide 8: Hod Maden Project Overview
Hod Maden Project Overview Project Development Supported by Existing Critical Infrastructure Highlights Hod Maden Production Profile (i) Gold (Au koz) Copper (AuEq koz) ▪ Hod Maden is located in northeastern Türkiye 225 225 228 within the Eastern Pontides metallogenic belt 211 217 205 203 ▪ Road acc
Slide 9: Mineral Reserves and Mineral Resources
Mineral Reserves and Mineral Resources Underexplored Regional Land Package With Potential for Further Growth Project Geology and Exploration ▪ Hod Maden is an intermediate-sulfidation epithermal deposit with gold and copper mineralization ▪ Zinc mineralization exists on separate structure to east of
Slide 10: Proposed Project Timeline
Proposed Project Timeline Largely De-Risked, Near-Term Development Project With Several Key Permits and EIA in Place 2023 2023 - 2024 2024 2027 TRANSACTION CLOSE PROJECT OPTIMIZATION CONSTRUCTION BEGINS FIRST PRODUCTION SSR Mining advances opportunities to refine project parameters and timelines SSR
Slide 11: Proven History of Project Delivery, Execution and M&A
Proven History of Project Delivery, Execution and M&A Transaction Builds on Long-Standing, Exclusive Partnership With Lidya Mines and Expertise in Türkiye (i) Delivering Projects On Time & Budget Building Value Through Disciplined M&A POX Plant (Çöpler) SSR Mining / Alacer Merger Non-Core Asset Sale
Slide 12: Transaction Summary
Transaction Summary ▪ SSR Mining acquiring immediate operational control and up to a 40% interest in the Hod Maden gold-copper development project in Transaction northeastern Türkiye from Lidya Mines for total consideration of $270 million ▪ $120 million upfront cash payment to gain a 10% interest,
Slide 13: Appendix
MINING Appendix
Slide 14: Executive Team and Board of Directors
Executive Team and Board of Directors Depth of Experience and Track Record of Delivery Executive Team Board of Directors SSRM:NASDAQ / TSX, SSR:ASX PAGE 14
Slide 15: Endnotes
Endnotes 1. Total acquisition cost for the Hod Maden project (“the Project” or “Hod Maden”) of $270 million is based on $120 million in upfront cash payment to gain a 10% interest, paid on the Transaction’s close on May 8, 2023, and $150 million in milestone payments to gain an additional 30% intere
Slide 16: Non-GAAP Reconciliation
Non-GAAP Reconciliation Cash Costs, AISC and Free Cash Flow Tables Cash Cost & AISC Reconciliation Co-product Basis Gold Basis Free Cash Flow Reconciliation (in million, unless otherwise noted) (i) Gold Copper Combined (iii) with Cu By-product (in millions, unless otherwise noted) (i) Year 1 to Year
Slide 17: SSR Mining Inc.
SSR Mining Inc. F. Edward Farid, Executive Vice President, Chief Corporate Development Officer Alex Hunchak, Director, Corporate Development and Investor Relations Website: www.ssrmining.com Email: invest@ssrmining.com Toll-free: +1 (888) 338-0046 SSRM:NASDAQ / TSX, SSR:ASX