Slide 1: Q3 2020 Conference Call
Q3 2020 CONFERENCE CALL November 12, 2020
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to us, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively “forward
Slide 3: Diversified Portfolio of High Quality, Long-Life Assets
Diversified Portfolio of High Quality, Long-Life Assets Operations and projects across six jurisdictions High Quality ▪ 2020 production: 680 – 760 koz AuEq (1) Operations Projects Diversified ▪ ~8.5 Moz AuEq Mineral Reserves (2) Portfolio ▪ 17+ year cornerstone asset life (3) Seabee Marigold Free Ca
Slide 4: Developing a Sustainable Legacy
Developing a Sustainable Legacy Successful culture focused on discipline and integrity (8) Environmental Safe Production Governance, Responsibility Social Performance and Diversity ✓ Zero significant environmental ✓ Zero fatalities ✓ Material investment in incidents or spills communities ✓ COVID-19
Slide 5: COVID-19 Response and Impact
COVID-19 Response and Impact Protection of our employees & communities is our highest priority COVID-19 Management Plan ▪ To mitigate risks to communities, employees and our business, have implemented policies and protocols in response to the COVID-19 pandemic ▪ All operations continue to work with
Slide 6: Q3 / YTD 2020 Highlights
Q3 / YTD 2020 Highlights Operational Growth Financial Production ▪ Completed at-market merger with ▪ Liquidity Alacer Gold ▪ On-track to meet 2020 updated ▪ Consolidated cash of $773M (6) production guidance ▪ Debt of $458M ▪ Q3 2020: 164 koz AuEq (full quarter of ▪ Çöpler District Technical Report
Slide 7: Dividend Policy
Dividend Policy Capital Allocation Strategy Base Dividend Continued investment in high-return growth Quarterly ‘Base Dividend’ of $0.05 per share Maintain peer leading financial strength Commencing in Q1 2020 Provide sustainable capital returns to shareholders Yield of approximately 1.0% Supplementa
Slide 8: Selected Financial Results
Selected Financial Results Financial Highlights (12) EPS Bridge Units Q3 2020 Q3 2019 $0.60 Gold Equivalent Production oz 106,838 104,775 0.01 (0.02) 0.11 0.49 $0.50 Gold Sales oz 99,495 78,928 Silver Sales Moz 1.2 1.5 $0.40 0.06 Total Gold Equivalent Sales oz 115,312 95,112 0.14 Revenue $M $225.4 $
Slide 9: Significant Financial Strength
Significant Financial Strength Robust balance sheet and credit metrics Over $770M of Consolidated Cash (6) Net Debt to 2021E EBITDA (10) Face Value Debt Maturity Interest Rate ($M) Market Capitalization (9) ~$4B Centamin (0.8x) Term Loan US$228 2023 LIBOR + 3.50% - 3.70% IAMGOLD Convertible Notes US
Slide 10: Çöpler: Q3 2020 Results
Çöpler: Q3 2020 Results Location: Turkey Stage: Production Ownership: 80% POX Plant Mining: Open pit Processing: Heap leach, POX Land: ~17,000 ha ▪ Strong YTD pre-tax cash flow generation of $214M ▪ YTD gold production of 244k ounces, on track for full year guidance ▪ Sulfide plant continues to effi
Slide 11: Marigold: Q3 2020 Results
Marigold: Q3 2020 Results Location: Nevada, USA Stage: Production Ownership: 100% Marigold Rope Shovel Mining: Open pit Processing: Run-of-mine, heap leach Land: ~20,000 ha ▪ Third consecutive quarter of >20 million tonnes of material moved ▪ Shorter haulage cycles & increased shovel fleet capacity
Slide 12: Seabee: Q3 2020 Results
Seabee: Q3 2020 Results Location: Saskatchewan, Canada Stage: Production Ownership: 100% Santoy Mine Mining: Underground Processing: Gravity concentration, Land: ~60,000 ha cyanide leaching (including earn-in) ▪ Fully ramped up from temporary COVID-19 suspension ▪ Restart of processing operations in
Slide 13: Puna: Q3 2020 Results
Puna: Q3 2020 Results Location: Argentina Stage: Production Ownership: 100% Chinchillas Mine Mining: Open pit Processing: Flotation Land: ~10,000 ha ▪ Fully ramped up from temporary COVID-19 suspensions ▪ Health and safety of employees and local communities our highest priority ▪ Significant ore sto
Slide 14: Near-Term Priorities
Near-Term Priorities Operational delivery focused on free cash flow generation Near-Term Priorities 2020 Production Guidance (1) Operations Çöpler Au koz 310 – 360 ▪ Continued operational delivery across all mines Marigold Au koz 225 – 240 ▪ Health & safety focus across the portfolio Seabee Au koz 8
Slide 15: Appendix
MINING Appendix
Slide 16: Executive Team and Board of Directors
Executive Team and Board of Directors Depth of experience and track record of delivery Executive Team Rodney Antal Stewart Beckman Edward Farid Gregory Martin Michael Sparks President, Chief EVP, Chief EVP, Chief Corporate EVP, Chief EVP, Chief Legal & Executive Officer Operating Officer Development
Slide 17: Endnotes
Endnotes 1. Please see our news release dated September 18, 2020. Gold equivalent production and AISC are based on a 74:1 gold to silver ratio. AISC is a non-GAAP financial measure. See "Cautionary Note Regarding Non-GAAP Measures” in this presentation. 2. As at December 31, 2019. Mineral Reserves a
Slide 18: SSR Mining Inc.
SSR Mining Inc. www.ssrmining.com Toll-free: +1 888.338.0046 Telephone: +1 604.689.3846 Email: invest@ssrmining.com