Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Silver Standard Resources — Investor Presentation (March 2010)
33 slides from Ssr Mining's investor presentation, March 2010
Slide 1: Corporate Presentation
Corporate Presentation March 2010 NDAQ:SSRI/TSX:SSO
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 p public disclosure an issuer makes of scientific and technical information concern
Slide 4: Silver Producer Focused On the Americas
Silver Producer Focused On the Americas Strong growth pipeline … Snowfield (100%) Canada Gold‐copper‐silver Brucejack (100%) Gold‐copper‐silver Pitarrilla (100%) Mexico Silver‐lead‐zinc San Agustin (100%) Gold‐silver San Luis (55%) Legend Peru Gold‐silver Berenguela (100%) Production Silver‐copper G
Slide 5: Large Silver Asset Base, Gold Exposure
Large Silver Asset Base, Gold Exposure (8) Australia Chile 5% 2% Peru Total Silver Reserves & Resources ((mil oz.)) 5% US Proven & Probable 286.8 14% Mexico Reserves 42% Canada Measured & Indicated 1 114 6 1,114.6 15% Resources Inferred Resources 519.0 Argentina g 17% T l Gold Total G ld Resources R
Slide 6: Accretive Growth
Accretive Growth (1) Silver Reserves and Resources Per Share Silver Reserves and Resources (‘000 oz Silver) (oz per share) 2,000 28 24 1,500 20 16 1,000 ,000 12 500 8 4 0 0 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 Inferred Measured & Indicated Proven & Probable Inferred per share M&I per sh
Slide 7: Corporate Strategy
Corporate Strategy • Grow G o tthee bus business ess for o sca scale e • Increase production, reserves and resources • Strengthen balance sheet and operating systems • Develop quality assets for consistent margins • Focus on low cost, long long‐lived lived projects • Rationalize the portfolio • Attr
Slide 8: Growth Opportunity
Growth Opportunity • Pirquitas achieved commercial production December 2009 • Generating cash flow in 2010 Production • 2010 Production P d i guidance: id 7 million illi ounces silver il • San Luis feasibility study Q2 2010 • Pitarrilla underground feasibility study Q4 2010 Growth • Diablillos p pre
Slide 9: Growth Pipeline
Growth Pipeline Grass roots Exploration Growth Production • Snowfield, Canada • San Luis, Peru • Brucejack, Canada • Pitarrilla, Mexico Americas • Pirquitas, Argentina generative • San Agustin, Agustin Mexico • Diablillos, Diablillos Argentina exploration • Berenguela, Peru programs • Challacollo, C
Slide 10: Pirquitas and the Region
Pirquitas and the Region BOLIVIA Pacificc Ocean Jujuy Pirquitas i i Mine i Abra Pampa San Pedro de Atacama S l Salta Susques Humahuaca Antofagasta CHILE San Antonio San Salvador de los Cobres de Jujuy Diablillos Project Salta ARGENTINA 0 100 200 Mine Highway ‐ Road Concentrate route km 10 NDAQ:SSRI/
Slide 11: Pirquitas ….Up and running
Pirquitas ….Up and running • Achieved commercial production December 1, 2009 Mine and processing plant operating at capacity Initiated de‐bottlenecking de bottlenecking Q1 2010 to optimize Tin circuit commissioned Q1 2010 Processing sulphide in transition ore in Q2 • Regional and brownfield
Slide 12: Pirquitas … By the Numbers
Pirquitas … By the Numbers (2) • Proven and Probable Reserve: 195.1 million ounces silver • Mining Rate: 6,000 tpd • Processing Rate: 4,000 tpd • LOM average silver recovery 78% • LOM average metal production: • Silver: 8 to 10 million ounces • Tin: 2,000 tonnes • Operating Costs: LOM average projec
Slide 13: Open Pit and Process Facility
Open Pit and Process Facility 13 NDAQ:SSRI/TSX:SSO
Slide 14: Solid Community Relations
Solid Community Relations • Employing local community residents • 600 hours of training for truck drivers • Training local environmental monitors • Infrastructure support for local communities,, includingg schools • Medical facility for the region 14 NDAQ:SSRI/TSX:SSO
Slide 15: San Luis, Peru: High-grade Gold-Silver
San Luis, Peru: High‐grade Gold‐Silver Roads Veins Pierina Exploration Exploration Mine Potential Potential Roads Base Metal Base Metal Mi Mineralization li ti Mineralization Veins Roads 15 NDAQ:SSRI/TSX:SSO
Slide 16: Ayelén Vein
Ayelén Vein (3) Cross Section 4550m 4450m 4350m 4250m S N Drill Hole Pierce Point Proposed Underground Development 0 50 100 Surface Trench Location > 5 g/t Gold + 200 g/t Silver metres Ayelén Vein Resources – 100% Contained Contained Tonnes Sil er (g/t) Silver Gold (g/t) Silver Sil ((milil oz.)) G G
Slide 17: Pitarrilla Project, Mexico
Pitarrilla Project, Mexico (4) Pitarrilla Reserves & Resources Summary June 2009 Tonnes Silver Lead* Zinc* Contained (mil) (g/t) (%) (%) Silver (mil oz.) N Probable 16.7 16 7 171.0 171 0 1.12 1 12 2.57 2 57 91.7 91 7 Measured 41.8 102.5 0.55 1.07 137.8 Indicated 176.9 72.8 0.36 0.83 413.8 San Franci
Slide 18: Pitarrilla Property
Pitarrilla Property (4) Breccia Ridge 2000m Cordon South Javelina Colorado Ridge Creek Peña Oxides Dike 1750m Underground material subject of the pre‐ feasibility study 1500m Sulphides Breccia Ridge Underground Reserve Summary Contained June 2009 Tonnes (mil) Silver (g/t) Zinc (%) Lead (%) Silver (m
Slide 19: Breccia Ridge Underground Pre-feasibility Study
Breccia Ridge Underground Pre‐feasibility Study(4) Ounces of Silver millions 92.0 Capital Cost millions US$ 277.4 T Tonnes O Ore millions illi 16 7 16.7 Mi i C Mining Costt US$/t US$/tonne milled ill d 14 55 14.55 Processing Rate tonnes/day 4,000 Processing Cost US$/tonne milled 9.15 Mine Life years
Slide 20: Accelerated Growth in Gold
Accelerated Growth in Gold (1) • Gold resources have been growing in large part due to exploration at Snowfield and Brucejack in British Columbia • M&I gold per share: 0.3 oz. (million oz ) Gold Resources 45 40 35 30 25 20 15 10 5 0 2005 2006 2007 2008 2009 Inferred Measured & Indicated 20 NDAQ:SSRI
Slide 21: Snowfield and Brucejack Projects, B.C.
Snowfield and Brucejack Projects, B.C. (6) Mitchell Zone Snowfield • Near‐surface, porphyry‐style Zone gold‐copper‐molybdenum Seabridge Gold d deposit i Snowfield Project • Rhenium mineralization (SSRI – 100%) Snowfield Project(6) • Preliminary economic analysis expected p H2 2010 Brucejack Project
Slide 22: Snowfield Project Mineralization
Snowfield Project Mineralization (6) 1700 RL SF‐46 1500 RL MZ‐30 1300 RL MZ‐16 1100 RL 900 RL Drill Hole Mineralized Intersection 700 RL 0 100 200 Gold mineralization Volcanics S metres N Gold‐copper mineralization Snowfield Resource Summary – December 2009 (Based on a cut‐off grade of 0.35 grams of
Slide 23: Brucejack Project Mineralization
Brucejack Project Mineralization (6) S Snowfield fi ld P Project j t (6 km north) SG Zone Seabridge Gold KSM Project SU‐ 13 Mammoth West Zone 1.21 g/t Gold 57 m Zone SU‐ 12 Galena Hill 16.9 kg/t Gold + 8.7 kg Silver 1.5 m SU‐ 29 Bridge Zone 5.3 kg/t Gold + 3.7 kg Silver 0.5 m SU‐ 19 0.87 g/t Gold 55
Slide 24: Advanced Development: Diablillos, Argentina
Advanced Development: Diablillos, Argentina (5) • High sulphidation epithermal silver‐gold 4430m project j llocatedd iin SSalta, l 171 miles south of 4330m Pirquitas 4230m • Silver in the main area of mineralization is both 4130m oxide and sulphide in nature 4030m • PEA commenced NE SW 0 100 200 Dri
Slide 25: Exploration: San Agustin Project, Mexico
Exploration: San Agustin Project, Mexico (7) San Agustin Resources Summary Contained Tonnes Silver Gold Lead Zinc Silver Gold Category (mil) (g/t) (g/t) (%) (%) (mil oz.) (mil oz.) d 121.0 Indicated d 121 0 12 12.3 3 0.4 0 4 0.1 0 1 0.5 0 5 47.9 47 9 1.59 1 59 N Inferred 91.2 12.6 0.4 0.07 0.48 37.0
Slide 26: Exploration: Berenguela Project, Peru
Exploration: Berenguela Project, Peru (8) Berenguela Resources Summary Category Tonnes Silver Copper Contained (mil) (g/t) (%) Silver (mil oz.) Indicated 15.6 132.0 0.12 66.1 Inferred 6 0 111 6.0 111.7 7 0 0.07 07 21 6 21.6 Highway Juliaca Berenguela BOLIVIA Project Lima PERU Puno Arequipa Puno 0 25
Slide 27: Exploration: Challacollo Project, Chile
Exploration: Challacollo Project, Chile (8) Challacollo Resources Summary Category Tonnes Silver Contained (mil) (g/t) Silver (mil oz.) Indicated 3.4 170.6 18.6 Inferred 46 4.6 160 160.7 7 23.6 0 20 40 km Approximate Iquique Highway Railroad CHILE BOLIVIA Challacollo Collahuasi Quebrada Blanca Ocean
Slide 28: Portfolio Projects
Portfolio Projects (8) ( ll (Million ounces off silver l attributed b d to Silver l Standard) d d) Veta Colorada, Mexico Candelaria, U.S. Maverick Springs, US R Resource estimate ti t underway d Measured M d &I &Indicated: di t d 44 milil oz. Indicated: 70 mil oz oz. Inferred: 83 mil oz. Inferred: 8
Slide 29: The Silver Standard Team
The Silver Standard Team • Operating safely is our priority • Respecting our communities • Developing quality teams for all aspects off our business b i • Focusing on growth through project delivery • Building on our exploration success • Delivering value for our shareholders 30 NDAQ:SSRI/TSX:SSO
Slide 30: Executive Management
Executive Management Mike Anglin, President, CEO and Director Mr. Anglin has a mining career of more than 20 years acting in senior management roles with BHP Billiton, including Vice President Operations & Chief Operating Officer, Base Metals Group, in Santiago, Chile. His extensive international ex
Slide 31: 2010 Corporate Objectives
2010 Corporate Objectives Produce 7 million ounces of silver at Pirquitas Complete San Luis feasibility Q2 Complete Snowfield PEA H2 and exploration program Brucejack exploration program Complete Pitarrilla underground feasibility Q4 Diablillos pre‐feasibility study H2 San Agustin expl
Slide 32: Investment Highlights
Investment Highlights (10) (at March 22, 22 2010) • Market cap: US$1.4 billion • Shares outstanding: 78.7 78 7 million issued, issued 83.6 83 6 million fully diluted • 2009/2010 share liquidity: 1.38 million/day • Largest in‐ground silver resource of any publicly‐traded silver company: Proven and Pr
Slide 33: Footnotes
Footnotes 1. Based on company shares outstanding as at December 31, 2009. Please also refer to footnotes 8 and 9. 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. Se
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