Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Silver Standard Resources — Investor Presentation (August 2008)
35 slides from Ssr Mining's investor presentation, August 2008
Slide 1: Growth Through Silver
Growth Through Silver Company C Presentation August 2008
Slide 2: Forward-Looking Statements and Cautionary Note to US Investors
Forward-Looking Statements and Forward- Cautionary y Note to US Investors This presentation includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herei
Slide 3: Largest in-ground silver resource of any publicly-traded primary silver company
Silver Standard has the largest in-ground silver resource of any publicly-traded primary silver company. From this foundation we are building to become a premier silver producer.
Slide 4: Why Invest in Silver Standard?
Why Invest in Silver Standard? Large Transitioning to in-ground Production Silver Resource Experienced Opportunity to Board, Invest in g Management Production Team with Growth Construction Experience Financial Diversified g Strength Portfolio Robust Prices for By-products 4
Slide 5: Largest Resource Base in the Sector
1 Largest Resource Base in the Sector (millions of silver ounces) (silver ounces/share) 1,800 30 1 600 1,600 25 1,400 1,200 20 1,000 15 800 600 10 400 5 200 0 0 Silver Standard Silver Wheaton Coeur d'Alene Pan American Silver Standard Pan American Silver Wheaton Coeur Proven & Probable Measured & In
Slide 6: Low Market Cap per Silver Ounce
Low Market Cap per Silver Ounce1 Market Capitalization Market Capitalization Silver Reserves + M&I2 Silver Reserves + M&I2 + Inferred (US$/ounce) (US$/ounce) 8 6 7 5 6 4 5 4 3 3 2 2 1 1 0 0 1 Based on NI 43-101 reports and share prices at August 6, 2008. Source: Bloomberg and companies’ public filin
Slide 7: Diversified Portfolio With Americas Focus
Diversified Portfolio With Americas Focus Sunrise Lake Silvertip SNOWFIELD Sulphurets Maverick Springs Candelaria Shafter Veta Colorada PITARRILLA San Agustin San Marcial SAN LUIS Berenguela Challacollo PIRQUITAS DIABLILLOS Bowdens PRINCIPAL PROJECT Project pipeline 7
Slide 8: Consistent Growth in Silver Resources
Consistent Growth in Silver Resources (millions of silver ounces) 1,800 1,500 1,200 900 600 300 0 2001 2002 2003 2004 2005 2006 2007 Jul-08 Proven & Probable Measured & Indicated Inferred Reserves Resources Resources 8
Slide 9: Focus on Silver Exposure
Focus on Silver Exposure Distribution of Project Assets by Metal Exposure and Country1 U.S. Canada 14% 13% Gold Silver 11% Argentina 67% Zinc Mexico 22% 9% 36% Tin Chile 4% 2% Peru Lead Copper 8% Australia 4% 5% 5% Proven & Probable Silver Reserves 195.1 million ounces Measured & Indicated Silver Re
Slide 10: Strategy for Growth
Strategy for Growth Production • Pirquitas construction, reserve update Q2/2008 • Commissioning scheduled for Q4/2008 Development Projects • San Luis underground program & feasibility study 2008 • Pitarrilla underground program and surface work 2008 Advanced Projects • Snowfield drilling and resourc
Slide 11: Pirquitas Reserves & Resources
Pirquitas Reserves & Resources May 2008: 43% increase in silver reserves to 195.1M oz. Total M&I silver resources of 221.2M oz and 18.8M oz Inferred. Mine Life now 14.5 years. N S Annual average Silver production: range 10M to 11M oz/year. Unit costs are anticipated to be $22/tonne. Pirqui
Slide 12: Strong Tin Prices
Strong Tin Prices Weekly Tin Prices January 2003 – August 2008 25,000 MAJOR USES Cans and C d containers, t i electrical l t i l (solders ( ld and d pastes), construction and transportation 20,000 GLOBAL MINE PRODUCTION 300,000 tonnes/year SUPPLY ISSUES Chinese mine production down 17% in Q1/08 15,0
Slide 13: Pirquitas Open Pit
Pirquitas Open Pit N S 13
Slide 14: Pirquitas Proposed Open Pit
Pirquitas Proposed Open Pit 14
Slide 15: Community Relations
Community Relations 7 ram a x $ ia i.) ; TUTE i ee Ee a ee eee: “oes Tr
Slide 16: Flotation Cell Foundation
Flotation Cell Foundation 16
Slide 17: Truck Shop and Warehouse
Truck Shop and Warehouse 17
Slide 18: Generator Framework and Mill
Generator Framework and Mill 18
Slide 19: San Luis, Peru
San Luis, Peru Pierina Exploration Potential 19
Slide 20: Ayelen Vein - Long Section
Ayelen Vein - Long Section Cross Section Tonnes Silver Gold Contained Contained (mil) (g/t) (g/t) Silver Gold (oz.) (oz.) Measured 41,400 483.4 21.57 643,000 28,700 IndicatedVein 632,500 Ayelen Resources 318.8 11.63 6,483,000 236,500 Inferred 14,6000 282.4 9.33 132,000 4,400 20
Slide 21: Pitarrilla, Mexico World Class Silver Discovery
Pitarrilla, Mexico World Class Silver Discovery y 1 1 2 3 PITARRILLA 4 Major Silver Districts & Historic Silver Production 5 1 Santa Barbara >530 Mil oz 2 San S Martin M ti Chalchihuites Ch l hih it >250 Mil oz 3 Fresnillo >800 Mil oz 4 Zacatecas ~740 Mil oz 5 Guanajuato ~1,160 Mil oz 21
Slide 22: Breccia Ridge
Breccia Ridge Pitarrilla Silver Resource Summary Contained Tonnes Silver Silver (mil) (g/t) (mil oz.) Measured 37.4 123.6 148.6 Indicated 162.3 86.8 452.5 Inferred 20.2 95.4 61.0 Breccia Ridge Resource Summary Contained Tonnes T Silver Sil Zinc Zi Lead L d Copper C Silver (mil) (g/t) (%) (%) (%) (mi
Slide 23: Pitarrilla Zones and Ramp
Pitarrilla Zones and Ramp Ramp presently in development Completion scheduled H2/08 23
Slide 24: Breccia Ridge Adit
Breccia Ridge Adit 24
Slide 25: Pitarrilla Section A-A-A'
Pitarrilla Section A- A-A' 25
Slide 26: Snowfield, British Columbia Gold Project
Snowfield, British Columbia Gold Project j • 100%-owned, located in northern BC • Drill program with 4 drills to be underway in Mitchell Q2/08 to test for bulk tonnage gold deposit Extension with some base metal credits • MZ-1: 259 meters of 0.71 grams of gold per Mitchell Zone Snowfield Zone tonne
Slide 27: Diablillos, Argentina Silver-Gold Project
Diablillos, Argentina Diablillos, Silver--Gold Project Silver j PROJECT SUMMARY* Ownership: 100% Mine type: Open pit Location: 275 km from Pirquitas Annual throughput: 2 mil tonnes Annual production: 5.9 mil oz silver 43,000 oz gold Pre-feasibility study planned in 2008 Diablillos Resource Summary T
Slide 28: Blue Sky Projects: Total Silver Resources
Blue Sky Projects: Total Silver Resources1 (million ounces of silver attributed to Silver Standard) Berenguela, Berenguela Peru Challacollo, Challacollo Chile Candelaria, Candelaria U.S. US Maverick Springs, Springs UU.S. S M&I: 66 M&I: 19 M&I: 44 M&I: 70 I f Inferred: d 22 I f Inferred: d 24 I f In
Slide 29: 2008 Activities
2008 Activities Pirquitas • Construction, project commissioning Q4/2008 San Luis • Commence underground program & feasibility study Pitarrilla • Drilling, resource update, underground program Snowfield Drilling resource update • Drilling, Diablillos • Resource update, update 2001 pre-feasibility stu
Slide 30: Board of Directors
Board of Directors Mike (Arthur) Anglin David Johnston Former Vice President, Operations Former President and GM, B Base Metals M t l Group G Hi hl d V Highland Valley ll C Copper C Corp. BHP Billiton John Brodie, FCA Richard Paterson President, Managing Director, John R. Brodie Capital Inc. Genstar
Slide 31: Management Team
Management Team Robert Quartermain Ken McNaughton Ron Burk President Vice President, Chief Geologist Exploration George Paspalas Tony Horton Jonathan Singh Senior Vice President, Vice President, Corporate Controller Operations Risk Management Joe Ovsenek Paul LaFontaine John Kim President Senior Vic
Slide 32: Silver Standard Summary
Silver Standard Summary • Largest silver resource1 base of all publicly traded primary silver companies • Proven and probable reserves: 195.1 million oz. • Measured and indicated resources: 956.2 million oz. • Inferred resources: 452.6 million oz. • Market cap: US$1.76 billion • Shares outstanding:
Slide 33: Silver: Versatile & Without Substitute
Silver: Versatile & Without Substitute • Photosensitive • Natural biocide – water purification, wound dressings • Best electrical and thermal conductor – used in contacts in the form of inks, films and pastes • Chemically reactive – catalyst for plastics and p p petrochemical industry, used in batte
Slide 34: Silver Supply & Demand
Silver Supply & Demand Implied Net (millions of ounces) 1,000 Investment Implied Net Govt. Sales Hedging Investment De-Hedging 800 Govt. Sales Coins Scrap Photo- Photo- Coins Scrap graphy graphy 600 Jewelry & Silverware Jewelry & Silverware Mine 400 Mine Supply Supply Industrial 200 Industrial 0 200
Slide 35: ETF Demand
ETF Demand iShares Silver ETF Weekly April 2006 - Aug 2008 StreetTracks Gold ETF Weekly April 2006 – Aug 2008 (million ounces) (million ounces) 200 25 180 160 20 140 120 20 15 100 80 10 60 40 5 20 0 0 28/4/2006 4/5/2007 2/5/2008 28/4/2006 28/4/2007 28/4/2008 • iShares Silver ETF investment demand ha
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