Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Silver Standard Resources — FY2016 Earnings Presentation

16 slides from Ssr Mining's earnings presentation, Feb 24, 2017

1. Slide 1: Year End 2016 Conference Call

   YEAR END 2016 CONFERENCE CALL February 24, 2017

2. 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

3. Slide 3: Delivered Scale and Margin

   Delivered Scale and Margin  Acquired Seabee Gold Operation May 2016  Record annual production of 393,325 oz AuEq  Lower annual cash costs of $653/oz AuEq  Strong financial performance generated $115 million in cash  Exploration extended Reserve life at Marigold and Seabee  Added value through

4. Slide 4: Marigold Mine: 2016 Results

   Marigold Mine: 2016 Results  Produced 205,116 oz of gold at cash costs of $647/oz gold  Strong Q4 with 59,945 oz gold production at cash costs of $585/oz gold  Moved 75.1M tonnes, an annual record  Marigold 5-year outlook increased gold production at lower costs Notes: Cash costs is a non-GAAP f

5. Slide 5: Seabee Gold Operation: 2016 Results

   Seabee Gold Operation: 2016 Results  Achieved record annual production of 77,640 oz of gold  Produced 19,711 oz of gold at low cash costs of $595/oz in Q4  Operational Excellence programs making progress  Evaluating sustainable, higher LOM throughput rates Notes: Annual production is for the per

6. Slide 6: Pirquitas Mine: 2016 Results

   Pirquitas Mine: 2016 Results  Produced a record 10.4M oz of silver  Record low cash costs of $9.00/oz silver  Achieved record milling rates with continued focus on Operational Excellence  Processing stockpiles through 2017 Notes: Cash costs are a non-GAAP financial measure. Please see "Cautionar

7. Slide 7: Stronger Foundation with 2016 Reserves & Resources

   Stronger Foundation with 2016 Reserves & Resources Proven and Probable  3.49M oz of gold Mineral Reserves  16.8M oz of silver Measured and Indicated  6.90M oz of gold Mineral Resources  608.4M oz of silver  1.93M oz of gold Inferred Mineral Resources  40.4M oz of silver Exploration Success Inc

8. Slide 8: Marigold Mineral Reserves Increase 30%

   Marigold Mineral Reserves Increase 30% 3.0 1.00 2.84 Gold Mineral Reserve 2.17 0.27 (million ounces) 2.0 0.05 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

9. Slide 9: Seabee Mineral Reserves Increase 50%

   Seabee Mineral Reserves Increase 50% Gold Grade Increased to 8.2 g/t 400 192 11 361 Gold Mineral Reserve (thousand ounces) 239 81 200 0 2015 Reserves Depletion Exploration Model Assumptions 2016 Reserves Notes: Mineral Reserves are based on $1,250/oz gold price assumption. Gold Proven and Probable M

10. Slide 10: Seabee Gold Operation: Mineral Resources

    Seabee Gold Operation: Mineral Resources 638 1,200 Gold Mineral Resources (thousand ounces) 800 238 20 574 400 85 400 0 2015 M+I Depletion Exploration Model 2016 M+I 2016 Inferred Resources Assumptions Resources Resources Notes: Inferred Mineral Resources as at December 31, 2015 total 1.013 million

11. Slide 11: Exploration Success in 2016 Extends Reserve Life

    Exploration Success in 2016 Extends Reserve Life  Increased gold Mineral Reserves at Marigold to 2.84M oz  Added 1M oz of gold primarily from Mackay North and Valmy  Completed Assay Program  Increased gold Mineral Reserves as Seabee to 360,000 oz  Increased reserve grade to 8.2 g/t  Targeting

12. Slide 12: Selected Financial Results

    Selected Financial Results Units Q4 2016 Q4 2015 2016 2015 Gold Sales oz 78,537 62,827 254,761 206,338 Silver Sales Moz 2.6 1.9 11.4 10.3 Gold Equivalent Sales oz 114,844 89,714 408,860 348,719 Gold Equivalent Production oz 110,130 97,273 393,325 349,095 Revenue $M $127.3 $90.6 $491.0 $375.3 Income

13. Slide 13: Financial Strength and Cash Growth

    Financial Strength and Cash Growth Units YE 2016 YE 2015 Cash $M $327 $212 Marketable Securities $M $149 $88 Total Assets $M $1,439 $872 Current Liabilities $M $144 $136 Working Capital $M $560 $341 SSRI:NASDAQ │SSO:TSX 13

14. Slide 14: Balanced Portfolio with Lower Capital Intensity

    Balanced Portfolio with Lower Capital Intensity 2017 Guidance Units Marigold Seabee Pirquitas Gold Production oz 205,000 – 215,000 72,000 – 82,000 – Silver production Moz – – 4.5 – 5.5 Cash costs per payable $/oz $655 – $705 $575 – $625 $13.50 – $16.00 * ounce sold Capital expenditures $M $30 $8 $5

15. Slide 15: Creating Value and Growth

    Creating Value and Growth  Mining portfolio demonstrated scale and margin  Delivered record operating and financial performance in 2016  Cash and marketable securities increased to $327M and $149M  Strong operating and financial outlook for 2017  Well-positioned for growth with strong balance s

16. Slide 16: Silver Standard Resources Inc.

    Silver Standard Resources Inc. Website: www.silverstandard.com Email: invest@silverstandard.com Toll-free: 1.888.338.0046 Telephone: 1.604.689.3846

Silver Standard Resources — FY2016 Earnings Presentation on 6ix