Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Silver Standard Resources — Investor Presentation (November 2010)
30 slides from Ssr Mining's investor presentation, November 2010
Slide 1: Advancing our project pipeline
Advancing our project pipeline SILVER STANDARD November 2010 TSX: SSO NASDAQ: SSRI www.silverstandard.com
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (collectively, "forward-looking statement
Slide 3: Cautionary Note to U.S. Investors
Cautionary Note to U.S. Investors National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concernin
Slide 4: Silver Producer With Extensive Project Pipeline
Silver Producer With Extensive Project Pipeline Americas-focused Operation in Argentina 15 projects in 7 countries Project pipeline from grass- Operations Development roots to feasibility Advanced exploration Property Large land positions in major silver belts US$2.1 billion market cap
Slide 5: The Silver Standard Team
The Silver Standard Team Building on our exploration success Focusing on growth through project delivery and M&A Production Developing capability for all aspects of our business Working with our communities Development Operating safely and sustainably Exploration Delivering value for our
Slide 6: Physical Growth in Silver Reserves & Resources
Physical Growth in Silver Reserves & Resources (1) (as at December 31, 2009) (million oz) (oz per share) 2,000 28 24 1,500 20 16 1,000 12 8 500 4 0 0 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 Inferred Measured & Indicated Proven & Probable Inferred per share M&I per share P&P per share Growi
Slide 7: Physical Growth in Gold Resources
Physical Growth in Gold Resources (1) (as at December 31, 2009) (million oz) (oz per share) 50 0.6 0.5 40 0.4 30 0.3 20 0.2 10 0.1 0 0.0 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 Inferred Measured & Indicated Inferred Measured & Indicated … and turning discovery into financial strength 7
Slide 8: Silver and Gold Asset Base
Silver and Gold Asset Base (9) As at September 10, 2010. Geographic distribution of ounces in all categories. Peru US 5% Total Silver Reserves & Resources* 15% Australia (million oz) Canada 5% 13% Chile Proven & Probable Reserves 291.9 2% Argentina Measured & Indicated Resources 1,120.4 17% Mexico 4
Slide 9: Our Strategy: Building Our Future
Our Strategy: Building Our Future Growth Reserves and Resources Project options Production Acquisitions Capability Right people, right roles Systems and processes Financial strength Execution and delivery Gravel road to Diabllios Project, Argentina 9
Slide 10: Business Model for Shareholder Value
Business Model for Shareholder Value Exploration Development Production Constantly evaluating the portfolio and opportunities 10
Slide 11: Significant Growth Pipeline
Significant Growth Pipeline Exploration ExplorationDevelopment Adv. Exploration Grass roots Production Snowfield, Canada San Luis, Peru Pirquitas, Argentina Brucejack, Canada Pitarrilla, Mexico Ongoing San Agustin, Mexico Diablillos, Argentina generative exploration Berenguela, Peru programs Challac
Slide 12: Production: Pirquitas Mine, Argentina
Production: Pirquitas Mine, Argentina (2) Silver reserves (m oz) 195.1 Pacific Ocean BOLIVIA Pirquitas Project Jujuy Iruya Mining rate (tpd) 6,000 Tartagal San Pedro Abra Pampa Processing rate (tpd) 4,000 de Atacama Salta Susques Humahuaca Silver recovery (average LOM) 78% Antofagasta Tumbaya San Sa
Slide 13: Pirquitas Open Pit and Process Facility
Pirquitas Open Pit and Process Facility Open Pit Looking North Pre-Concentration Jig Tail Ball Mill Concentrator Powerhouse Warehouse 13 NDAQ:SSRI/TSX:SSO
Slide 14: Pirquitas Operations Update – October 2010
Pirquitas Operations Update – October 2010 Pit operations performing well Mine Crushing – adding near term capacity Crusher Q3 sulphide ore has proven gravity pre-conc, sulphide mill rate and Ag and Zn recovery/final Gravity conc grades Pre-con. Tin … Fine grained tin and tin associa
Slide 15: Development: San Luis JV Project, Peru
Development: San Luis JV Project, Peru (3) Gold reserves (oz) 290,484 PERU Ancash Silver reserves (m oz) 7.2 Chimbote Carhuaz Reserves (t) 503,313 San Luis Pacific Ocean Pierina Mine Average reserve grade Gold: 17.95 Casma Huaraz (g/t) Silver: 446.14 Mine type Underground, 400 tpd Construction perio
Slide 16: Development: Pitarrilla Project, Mexico
Development: Pitarrilla Project, Mexico (4) Santa Barbara Silver reserves (m oz) 91.7 Pitarrilla Durango Measured & Indicated silver 551.6 resources (m oz) Mazatlan Inferred Resource (m oz) 82.2 Pacific Ocean Fresnillo Penasquito Project (Breccia Ridge Zone) underground Zacatecas 4,000 tpd Guanajuat
Slide 17: Sale of Snowfield and Brucejack Projects
Sale of Snowfield and Brucejack Projects Transaction values Snowfield and Brucejack at C$450 million Consideration: C$215 million in cash and C$235 in Pretium shares Deal contingent on Pretium completing an IPO Closing of Pretium IPO expected Q4 2010 Importance to Silver Standard … Stren
Slide 18: Additional Exploration Portfolio Projects
Additional Exploration Portfolio Projects (8),(9),(10) Sunrise Lake, Canada silver: Candelaria, US Maverick Springs, US 13 m oz Indicated silver: silver: 14 m oz Inferred 44 m oz M&I 70 m oz Indicated 83 m oz Inferred 86 m oz Inferred + gold San Marcial, Mexico San Agustin, Mexico Challacollo, Chile
Slide 19: Building Our Capability
Building Our Capability Building on Low discovery experience … costs … Pirquitas Accomplished Brucejack Track record in exploration team … acquiring projects … Pitarrilla Yerbabuena Pirquitas sub-station construction January 2009, Argentina Combining the right people and systems for a solid foundati
Slide 20: Executive Management and Board
Executive Management and Board John Smith Peter Tomsett Richard C. Campbell, MBE President, CEO and Director Former CEO, Former President, Placer Dome Inc. British Petroleum Alaska Mike Anglin George Paspalas Former VP David Johnston Operations & COO Former President, Chief Operating Officer Base Me
Slide 21: 2010 H2 Key Corporate Objectives
2010 H2 Key Corporate Objectives Operations optimized and zinc being produced Production Pirquitas 2010 silver production guidance: 6.3 to 6.5 million oz Environmental Impact Study filed in October 2010 San Luis Land use agreement negotiations underway Development Mine planning underway Pi
Slide 22: Silver Standard Resources Inc.
Silver Standard Resources Inc. (9)(10) (at November 8, 2010) Market cap: US$2.1 billion Shares outstanding: 79.0 million issued, 84.3 million fully diluted 2010 share liquidity: ~1 million/day Largest in-ground silver resource of any silver company Extensive portfolio of silver projects th
Slide 23: Additional Information
Additional Information Diablillos Project in 2007, Argentina 23
Slide 24: Mineral Reserves
Mineral Reserves Mineral Reserves (as at September 10, 2010) Metal grade Contained metal Tonnes Silver Gold Lead Zinc Tin Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (mil. oz.) (mil. oz.) Pirquitas Proven 10.7 194.5 - - 0.70 0.26 67.1 - Probable 19.7 202.4 - - 0.88 0.20 128.0 - Pitarrilla Probable 16
Slide 25: Mineral Resources – Measured & Indicated
Mineral Resources – Measured & Indicated Measured & Indicated Mineral Resource Statement (as at September 10, 2010) Metal grade Contained metal Tonnes Silver Gold Lead Zinc Tin Copper Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (%) (mil. oz.) (mil. oz.) Pirquitas Measured 4.4 51.4 - - 0.67 0.05 7.1 -
Slide 26: Mineral Resources - Inferred
Mineral Resources - Inferred Inferred Mineral Resources at September 10, 2010 Metal grade Contained metal Tonnes Silver Gold Lead Zinc Tin Copper Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (%) (mil. oz.) (mil. oz.) Pirquitas 2.4 247.8 - - 0.78 0.07 - 18.8 - Pitarrilla(1) 36.1 70.8 - 0.47 1.02 - 0.07
Slide 27: Reserves & Resources - Notes to Tables
Reserves & Resources - Notes to Tables The Mineral Reserves & Resources Summary complies with National Instrument 43-101 and Companion Policy 43-101CP. Mineral Reserves have been calculated based on the following metal prices and cutoffs: Silver Tin Lead Zinc Copper Gold Cut-off Property (US$/oz) (U
Slide 28: Footnotes
Footnotes 1. Based on company shares outstanding as at December 31, 2009. Please also refer to footnotes 9 and 10. 2. See Technical Report on Mina Pirquitas, Silver, Tin and Zinc Project, Jujuy Province, Argentina dated September 29, 2008, filed on SEDAR and available on the company’s web site. 3. S
Slide 29: Notes
Notes SILVER 59 STANDARD
Slide 30: NDAQ:SSRI/TSX:SSO 999 West Hastings Street – Suite 1400 Vancouver, BC V6C 2W2
NDAQ:SSRI/TSX:SSO 999 West Hastings Street – Suite 1400 Vancouver, BC V6C 2W2 +1 (604) 689-3846 www.silverstandard.com
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