Slide 1: A Track Record of Creating Value
A TRACK RECORD OF CREATING VALUE April 2020
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: Why SSR Mining?
Why SSR Mining? A long-term track record of creating value Investor Challenges SSRM Investment Catalysts × Dilution risk, inability to self-fund ✓ Consistent cash build to $504M* × Value destructive M&A ✓ Track record of growing NAV/share × Country risk ✓ Favorable jurisdictions × Single asset risk
Slide 4: SSR Mining: A Track Record of Creating Value
SSR Mining: A Track Record of Creating Value Produced +420,000 oz AuEq at $735/oz cash cost in 2019 Financially ▪ $504M* cash, $66M marketable securities Sound ▪ $159M net cash; no debt maturities until 2026 ESG ▪ Top ‘Governance’ and ‘Social’ rank by ISS Strength ▪ Two operations in ‘top’ mining ju
Slide 5: COVID-19 Response
COVID-19 Response Health & safety of employees greatest priority across the business ▪ Dedicated team for SSRM-wide communication and safety protocols Corporate ▪ Working closely with governments, communities and mining associations Initiatives ▪ Donating $350,000 to local organizations for financia
Slide 6: ESG: Top Governance and Social Ranking
ESG: Top Governance and Social Ranking 25 24 22 20 19 19 17 17 Total ISS ESG Ranking 15 15 14 13 12 10 9 9 7 5 0 Peer 1 SSR Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Mining Source: ISS rankings as of January 2020. Total ISS ESG Ranking is aggregate score of Gove
Slide 7: Track Record of Growth and Stable Costs
Track Record of Growth and Stable Costs 2019 was a record year for gold equivalent production 500 $1,200 406 393 400 $1,000 359 Gold Equivalent Production (k oz) 350 336 Cash Cost ($ per AuEq. oz) Guidance Under Review 300 $800 265 $600 200 162 139 $400 100 $200 423 0 $0 2012A 2013A 2014A 2015A 2016
Slide 8: Track Record of Long-Term Financial Discipline
Track Record of Long-Term Financial Discipline Strong cash position provides strategic flexibility and opportunity Acquired Acquired Built 2013 Marigold Seabee Chinchillas Convertible Note April 4, 2014 May 31, 2016 Mine Repayment (all cash) (all shares) $600 $504 $500 $460 $416 $419 $115 Cash Balan
Slide 9: Track Record of Value Creation Through M+A
Track Record of Value Creation Through M+A ‘OE’ and mine life extension have been key to our success Marigold Mine Seabee Gold Operation Exploration Exploration 3.5x $804 = NAV 2.2x $420 = NAV $309 $281 = FCF $254 $150 = FCF Announced Value Estimated Value Announced Value Estimated Value ▪ Increased
Slide 10: Track Record of Growing Net Asset Value Per Share
Track Record of Growing Net Asset Value Per Share $16 $15 $14 +97% $13 Net Asset Value ($ per share) $12 $11 $10 $9 $8 +9% $7 $6 $5 $4 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 SSR Mining Peer Index Notes: Net Asset Value per share is the median estimate from Capit
Slide 11: Margin Expansion as Gold Price Rises
Margin Expansion as Gold Price Rises Shareholders benefit from higher gold price $500 $401 $400 AISC Margin ($ per AuEq oz.) $325 $300 $263 $246 $238 $230 $219 $215 $200 $183 $100 $85 $0 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Notes: AISC margin is calculated
Slide 12: Track Record of Delivering Long-Term Value
Track Record of Delivering Long-Term Value Eighth consecutive year of achieving production and cost guidance 450 $1,300 422 Cash Cost Guidance 400 Actual Cash Costs Gold-Equivalent Cash Costs ($ per oz) 365 Gold-Equivalent Production (k oz) $1,100 350 300 $900 250 $741 200 $700 $735 Production Guida
Slide 13: Marigold Mine
MARIGOLD MINE
Slide 14: Marigold: Overview
Marigold: Overview Fact Sheet Mining Open pit Processing Run-of-mine heap leach (no crushing) Material Moved ~200,000 tpd Operation Start 1989 (continuous operation since) Turquoise Ridge Current Mine Life Early 2030’s (including Red Dot Mineral Reserve addition) Goldstrike MARIGOLD Land Package ~20
Slide 15: Marigold Optimized under SSR Mining Ownership
Marigold Optimized under SSR Mining Ownership Production record in 2019 Acquired the Marigold Mine April 4, 2014 250 $1,200 220 207 205 205 $1,000 202 200 $914 $908 Cash Costs ($ per oz) 161 162 $800 Gold Production (k oz) $811 150 $776 144 $723 $692 $647 $647 $600 100 $400 50 $200 0 $- 2012A 2013A
Slide 16: Creating Value by Continuing to Grow Reserves
Creating Value by Continuing to Grow Reserves Demonstrates scale of Marigold operation 5.0 Mineral Reserves at Year-End 3.89 4.0 Cumulative Produced since 1989 3.0 2.0 1.0 Gold (M oz) 0.0 (1.0) (2.0) (3.9) (3.0) (4.0) (5.0) 2015 2016 2017 2018 2019 Average M&I Mineral Resource discovery cost of Disc
Slide 17: Maximizing Efficiency of Rope Shovel
Maximizing Efficiency of Rope Shovel Marigold rope shovel a leader amongst peers in productivity Marigold Rope Shovel 80.0 ▪ 53 cubic meter bucket size 70.0 Marigold rope shovel ▪ Three passes to fill Komatsu 930E Productivity (cycles per operating hour) 60.0 haul truck 50.0 ▪ $0.16 per tonne materi
Slide 18: Multiple Targets to Continue Resource Growth
Multiple Targets to Continue Resource Growth +60,000 meters planned for Marigold Mine complex in 2020 N 4 Valmy 5 3 Marigold Trenton 2 Canyon 6 1 500 meters Trenton Canyon – 29,000 meters Valmy – 6,900 meters DG80 – 3,200 meters 1 3 East Basalt – 6,300 meters 5 Mackay Pit – 3,200 meters 2 Section 6
Slide 19: New Deep Sulphide Target for Drill Testing
New Deep Sulphide Target for Drill Testing Marigold: Carlin-style mineralization hosting a 12M oz Au camp ▪ Disseminated sedimentary-hosted oxide gold deposit with a possible Low grade oxide gold deposit high-grade feeder Receptive Comus formation As Au Au As ▪ Deep, high-grade, Carlin-style deposit
Slide 20: Marigold: Next Steps
Marigold: Next Steps ▪ Continue to deliver production growth and robust operating margins ▪ Ongoing ‘OE’ programs ▪ Red Dot delivered mine life extension to early 2030s without expansion capex ▪ RC drill programs focus on Mackay, Basalt, Valmy and Trenton Canyon ▪ Deep sulphide exploration SSRM:NASD
Slide 21: Seabee Gold Operation
SEABEE GOLD OPERATION
Slide 22: Seabee: Overview
Seabee: Overview High-margin underground operation in a stable jurisdiction Fact Sheet Mining Underground Processing Gravity concentration and cyanide leaching Mill Throughput Targeting 1,050 tpd Operation Start 1991 (continuous operation since) Current Mine Life +2024 Land Package ~61,000 hectares
Slide 23: Sixth Consecutive Annual Production Record in 2019
Sixth Consecutive Annual Production Record in 2019 Low cash costs of below $500/oz gold 120 $1,200 Acquired 112 the Seabee Gold Operation May 31, 2016 $998 100 $954 96 $1,000 84 $757 78 80 76 $800 Cash Costs ($ per oz) Gold Production (k oz) 63 60 $663 $600 $602 50 44 $525 $505 40 $464 $400 20 $200
Slide 24: Operational Excellence Driving Seabee Mill Improvements
Operational Excellence Driving Seabee Mill Improvements Higher milling rates driven by increased UG mine capacity 1,500 Single day mill Better consistency throughput record at ~1,050 tpd in 1,400 of 1,442 tpd Q1 2020 1,300 Mill Mill Forest test trial test trial fires 1,200 Mill Dry Tonnes per Day 1,
Slide 25: Improved Seabee Mill Performance due to 'OE'
Improved Seabee Mill Performance due to ‘OE’ Record mill recoveries and increased recovery circuit availability ‘OE’ Case Study Objectives: 100.0% ▪ Improve gold recoveries while increasing mill throughput 98.8% 98.4% Activities: 98.1% 98.0% 97.7% 97.6% ▪ Recommissioned existing leach tank Gold Reco
Slide 26: Brownfields Exploration Key to Seabee Mine Life Extension
Brownfields Exploration Key to Seabee Mine Life Extension Significantly increased M&I Resources since acquisition 2.0 Mine production of 370k oz since YE 2015 0.6 Gold Mineral Resources (M oz) 1.5 1.0 1.1 1.0 0.5 0.4 0.0 M&I Inferred M&I Inferred Resources Resources Resources Resources YE 2015 (Prio
Slide 27: Cross-Section of the Santoy Deposit
Cross-Section of the Santoy Deposit Track record of resource conversion and discovery Santoy Gap (9A, 9B, 9C) Gap HW Santoy 8A 0 m Elev Gold Grade >20 g/t Au 5 g/t Au 3 g/t Au 1 g/t Au -500 m Gap HW looking West 100 meters Looking North Gap HW Resources (as of Dec. 31, 2019) Gap HW Tonnes Grade Ounc
Slide 28: Large, Contiguous Land Package
Large, Contiguous Land Package Testing +30km of shear zone strike length Brownfield Exploration N Santoy Mine Complex Santoy Mine & Santoy Gap HW 1 – 50,000m 23,300 hectare land Greenfield Exploration package at Seabee Santoy Gap HW – 10,000m 1 Santoy Gap West – 5,000m Seabee mill, 5 2 Batman Lake –
Slide 29: Seabee: Next Steps
Seabee: Next Steps ▪ Operation temporarily suspended March 25th ▪ Deliver on PEA expansion case to 1,050 tpd ▪ Drive Operational Excellence initiatives ▪ Evaluate 1,200 tpd sustained mill throughput ▪ 2020 exploration focus ▪ Santoy Gap Hanging Wall ▪ Santoy 8A Seabee Gold Operation Flin Flon ▪ Fish
Slide 30: Puna Operations
PUNA OPERATIONS
Slide 31: Puna: Overview
Puna: Overview Hitting steady-state silver production of +6Moz per year Fact Sheet Mining Open pit Processing Flotation plant to produce concentrate Mill Design Capacity 4,000 tpd Operation Start 2018 (Pirquitas processing plant started in 2009) Current Mine Life +2025 Pirquitas Operation Jujuy, Arg
Slide 32: Improved Puna Mill Performance due to 'OE'
Improved Puna Mill Performance due to ‘OE’ Higher silver recoveries and increased throughput in Q4 2019 6,000 93.5% 95.1% 95.3% 100.0% ‘OE’ Case Study 91.7% 92.4% Prior to Temporary Suspension on Objectives: 81.5% March 20, 2020 5,000 80.0% ▪ Improve silver and lead recoveries 4,348 4,300 69.9% 4,00
Slide 33: Exposure to Las Chispas High-Grade Ag-Au Deposit
Exposure to Las Chispas High-Grade Ag-Au Deposit SilverCrest Metals Inc. (TSX: SIL) well funded to execute plan ▪ Las Chispas May 2019 PEA results Las Chispas Project Sonora, Mexico ▪ 1,250 tpd UG operation with +8 year mine life ▪ 127K oz AuEq per year with $564/oz AuEq AISC ▪ Indicated Mineral Res
Slide 34: SSR Mining: Investment Considerations
SSR Mining: Investment Considerations Delivering value and growth for our shareholders Financial Strength: Strong liquidity position with $504M of cash with long- dated convertible note maturity of 2026 Management Discipline: First decile governance rating and a long-term track record of disciplined
Slide 35: Value & Growth
Value & Growth
Slide 36: 2020 Operating Guidance Prior to Temporary Suspensions
2020 Operating Guidance Prior to Temporary Suspensions Seabee Puna Marigold (Suspended (Suspended SSR Mining March 25, 2020) March 20, 2020) Gold Gold Silver Gold Equivalent Production 225K – 240K oz 110K – 120K oz 6.0M – 7.0M oz 400K – 450K oz Cash Costs (US$/oz) $780/oz – $810/oz $460/oz – $500/oz
Slide 37: Selected Financial Results
Selected Financial Results Units 2019 2018 Gold Equivalent Production oz 421,828 347,090 Gold Sales oz 331,872 290,294 Silver Sales Moz 7.7 3.8 Total Gold Equivalent Sales oz 414,854 335,267 Revenue $M $606.9 $420.7 Income from Mine Operations $M $170.9 $76.8 Net Income (Loss) $M $55.8 $(0.0) Attrib
Slide 38: Tailings Dam Disclosure
Tailings Dam Disclosure Seabee Marigold Puna Triangle Lake TSF East Lake TSF Marigold Mine TSF Pirquitas Tailings Dam Status Active Active Inactive Inactive (water storage only) 2009 (ceased use as of May Date of Initial Operation 2004 1991 1989 (closed as of 1999) 2019) Raising Method Modified Cent
Slide 39: Marigold: Strategic Acquisitions and Resources Growth
Marigold: Strategic Acquisitions and Resources Growth Increased original Marigold land package by 2.5X 2014 2015 2019 ▪ 4.2 Moz Au M+I Mineral ▪ 4.6 Moz Au M+I Mineral ▪ 4.9 Moz Au M+I Mineral Resources at YE 2014 Resources at YE 2015 Resources YE 2019 ▪ Acquired mine April 4, 2014 ▪ Added 300,000 o
Slide 40: Pitarrilla: Potential for Expanding High Grade Zones
Pitarrilla: Potential for Expanding High Grade Zones ▪ Large undeveloped silver-lead-zinc project in Durango, Mexico ▪ Exploration program to expand high grade zones ▪ $4M spend in 2020 to extend an existing underground decline ▪ M+I Mineral Resources: ▪ Underground: 5.43MT grading 165 g/t silver, 0
Slide 41: Pitarrilla Underground Silver-Lead-Zinc Project
Pitarrilla Underground Silver-Lead-Zinc Project Evaluating exploration program to expand high grade zones Pitarrilla Mineralization Proposed drillholes Proposed decline Existing decline 400m E 0m E Existing drillholes completed from surface High grade mineralized zone High grade vertical silver vein
Slide 42: Mineral Reserves
Mineral Reserves (as of December 31, 2019) SSRM:NASDAQ/TSX PAGE 42
Slide 43: Mineral Resources: Measured and Indicated
Mineral Resources: Measured and Indicated (as of December 31, 2019) SSRM:NASDAQ/TSX PAGE 43
Slide 44: Mineral Resources: Inferred
Mineral Resources: Inferred (as of December 31, 2019) SSRM:NASDAQ/TSX PAGE 44
Slide 45: 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 Mineral Reserves and Mineral Resources estimates have
Slide 46: Notes
Notes SSRM:NASDAQ/TSX PAGE 46
Slide 47: SSR Mining Overview
SSR Mining Overview Share capital structure, convertible note and top shareholders overview Top 10 Shareholders % of Shares Outstanding Institutional Holdings by Country Van Eck Associates Corporation 13.1% Renaissance Technologies 4.8% Investec Asset Management 3.6% United States Connor Clark & Lun
Slide 48: SSR Mining Executive Team and Board of Directors
SSR Mining Executive Team and Board of Directors Depth of experience and a top governance rating Paul Benson Nadine J. Block W. John DeCooman, Jr. Gregory J. Martin Kevin O’Kane President and CEO SVP, Human Resources SVP, Business Development SVP and CFO SVP and COO and Strategy Michael Anglin Brian
Slide 49: SSR Mining Inc.
SSR Mining Inc. www.ssrmining.com Toll-free: +1 888.338.0046 Telephone: +1 604.689.3846 Email: invest@ssrmining.com