Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Q1 2024 Earnings Presentation
16 slides from Ssr Mining's earnings presentation, May 8, 2024
Slide 1: First Quarter 2024 Financial Results
First Quarter 2024 Financial Results May 2024
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Information and Statements Except for statements of historical fact relating to us, certain statements contained in this presentation (including information incorporated by reference herein) constitute forward-looking information, future ori
Slide 3: Çöpler Incident: Situation Update and Next Steps
Çöpler Incident: Situation Update and Next Steps Update as of May 8, 2024 ▪ Primary focus is on the return of our five missing colleagues to their families Recovery ▪ To-date 6.7 million tonnes of heap leach material has been relocated, including 4.2 • • million tonnes from the Sabırlı Valley •• ▪ R
Slide 4: Financials
Financials
Slide 5: 2024 First Quarter Results
2024 First Quarter Results Production From Marigold, Seabee and Puna on Track to Meet Guidance First Quarter Operating Summary (1) ▪ Consolidated production was 101.9 k gold equivalent ounces (GEOs) at cost of sales of $1,166/oz and AISC of $1,569/oz ▪ At Marigold, production was 34.7 koz gold at co
Slide 6: 2024 First Quarter Financial Results
2024 First Quarter Financial Results (1) (1) Financial & Operating Performance Balance Sheet & Liquidity 1Q 2024 1Q 2023 Mar 31, 2024 Dec 31, 2023 Gold Equivalent Production oz 101,873 146,894 Cash and Cash Equivalents $M $467.0 $492.4 Gold Sales oz 89,279 126,111 Total Debt $M $231.0 $230.9 Silver
Slide 7: Çöpler Incident
Çöpler Incident Remediation Costs & Heap Leach Impairment Included in Q1 2024 Financials Financial Impacts of Çöpler Incident Çöpler Charges Recorded in Q1 2024 Impact ($M) Reclamation & Remediation $273 Reclamation and Remediation ▪ In Q1 2024, SSR Mining incurred reclamation and remediation costs
Slide 8: Operations
Operations
Slide 9: Marigold: Large-Scale Open Pit in Nevada
Operations Marigold: Large-Scale Open Pit in Nevada Page on Website First Quarter Production In Line With Expectations (1) Quarterly Commentary ▪ Production of 34.7 koz gold at cost of sales of $1,331/oz and AISC of $1,430/oz ▪ Focus on waste stripping at Red Dot in 2024, particularly in first half
Slide 10: Seabee: High-Grade Underground in Canada
Operations Seabee: High-Grade Underground in Canada Page on Website Exploration Program Focused on Extending Mine Life & Advancing Porky Targets (1) Quarterly Commentary Location: Saskatchewan, Canada Mining: Underground Processing: Gravity concentration, CIP ▪ Production of 23.8 koz gold at cost of
Slide 11: Puna: Large Open-Pit Silver Producer
Operations Puna: Large Open-Pit Silver Producer Page on Website First Quarter Impacted by Higher Than Anticipated Rainfall; On Track for FY Guidance Quarterly Commentary (1) ▪ Production of 1.9 Moz silver at cost of sales of $16.87/oz and AISC of $15.61/oz Chinchillas ▪ Mining rates impacted by sign
Slide 12: Endnotes & Non-GAAP Reconciliations
Endnotes & Non-GAAP Reconciliations Net Cash & Liquidity, Free Cash Flow 1) Detailed disclosure related to the Çöpler Incident was included in the Annual Report on Form 10-K for the year ended December 31, 2023 and in our quarterly report on Form 10-Q for the quarter end March 31, 2024. Further upda
Slide 13: Non-GAAP Reconciliations
Non-GAAP Reconciliations Adjusted Attributable Net Income per Share Three Months Ended March 31, (in thousands, except per share) 2024 2023 Net income (loss) attributable to SSR Mining shareholders (GAAP) ($287,082) $29,813 Interest saving on convertible notes, net of tax — $1,221 Net income (loss)
Slide 14: Non-GAAP Reconciliations
Non-GAAP Reconciliations Cash Costs & AISC Three Months Ended March 31, 2024 (in thousands, unless otherwise noted) Çöpler Marigold Seabee Puna Corporate Total Americas-Only (4) Cost of sales (GAAP) (1) $24,423 $49,071 $24,433 $27,974 — $125,901 $101,478 By-product credits ($345) ($1) ($25) ($9,065)
Slide 15: Non-GAAP Reconciliations
Non-GAAP Reconciliations 2024 Guidance Table (Excluding Çöpler and Hod Maden) Operating Guidance (100% basis) (1) Marigold Seabee Puna Corporate Gold Production koz 155 — 175 75 — 85 — — Silver Production Moz — — 8.75 — 9.50 — Gold Equivalent Production koz 155 — 175 75 — 85 110 — 120 — Gold Sold ko
Slide 16: SSR Mining Inc. Contact
SSR Mining Inc. Website: www.ssrmining.com Email: invest@ssrmining.com Toll-free: +1 (888) 338-0046 SSRM:NASDAQ / TSX, SSR:ASX