Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — RBC Capital Markets Precious Metals Conference 2025
23 slides from Ssr Mining's conference presentation, Nov 10, 2025
Slide 1: RBC Capital Markets Precious Metals Conference
RBC Capital Markets Precious Metals Conference November 2025
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: Diversified Portfolio with Six Key Assets
Diversified Portfolio with Six Key Assets Focused on Delivering Free Cash Flow and Growth 2025 Priorities (1) CC&V Close & Integration Diversified Portfolio Free Cash Flow Seabee (2) With Six Key Assets Focused 2025 Operating Guidance across four core strong margins with high-quality jurisdictions ~
Slide 4: 2025 Third Quarter Results
2025 Third Quarter Results Quarterly Operating Summary ▪ Consolidated production was 102.7 k GEOs at cost of sales of $1,585/oz and AISC of $2,359/oz ($2,114 ex. Çöpler) (1) ▪ At Marigold, production was 36.3 koz gold at cost of sales of $1,673/oz and AISC of $1,840/oz ▪ At CC&V, production was 29.8
Slide 5: 2025 Third Quarter Financial Results
2025 Third Quarter Financial Results (1) Financial Performance Diluted EPS Bridge (1) Q3 2025 Q3 2024 Q3 2025 0.03 0.01 Gold Equivalent Production oz 102,673 97,429 0.32 0.31 (0.01) (0.02) Gold Equivalent Sales oz 104,549 96,143 Revenue $M $385.8 $257.4 Net Income (loss) $M $57.1 $6.3 Attributable C
Slide 6: Operations
OUR PURPOSE To create value and leave a legacy through responsible and sustainable operations. OUR VALUES Operations Safety First, Always Better Together Be Excellent SSR MINING | 6 The ESG & Sustainability report is available on our website at: www.ssrmining.com/corporate_responsibility
Slide 7: CC&V: Long-Lived Asset With Further Upside
CC&V: Long-Lived Asset With Further Upside Quarterly Commentary (1) ▪ Q3 2025 production of 29.8 koz gold at cost of sales of $1,394/oz and AISC of $1,756/oz; Year-to-date production of 85.2 koz gold at cost of sales of $1,272/oz and AISC of $1,536/oz •Red Dot ▪ Continuing to evaluate and advance op
Slide 8: Third Largest Gold Producer in the USA
Third Largest Gold Producer in the USA Mineral Reserves in the US Now Exceed 6 Moz of Gold ▪ CC&V hosts 2.8 Moz of gold Mineral Reserves, plus an additional 4.8 Moz of M&I Mineral Resources (exclusive of Reserves) and 2.0 Moz of Inferred Mineral Resources ▪ Combined with Marigold, SSRM’s second US g
Slide 9: CC&V: 2025 Technical Report Summary (TRS)
CC&V: 2025 Technical Report Summary (TRS) After-Tax NPV5% of $824 Million at Consensus Gold Prices; ~$1.5 Billion at Spot Gold Prices Production Summary 12-year operating mine life; 26-years of total production Financial & Operating Highlights at consensus gold prices Three-Year Profile Five-Year Pr
Slide 10: Proven Track Record of Value Creation
Proven Track Record of Value Creation MARIGOLD SEABEE CC&V Exploration & Exploration & Exploration & Resource Upside Resource Upside +100% Implied Resource Upside ~$2,785M ~$740M After-Tax ~$910M Transaction IRR 3Q25 3Q25 Analyst Analyst NAV NAV >2.5x >$345M ~3.5x 2025 TRS >$1,900M NAV >9.0x ~$825M
Slide 11: Marigold: Large-Scale Open Pit in Nevada
Marigold: Large-Scale Open Pit in Nevada Quarterly Commentary (1) ▪ Q3 2025 production of 36.3 koz gold at cost of sales of $1,673/oz and AISC of $1,840/oz; Year-to-date production of 110.8 koz gold at cost of sales of $1,567/oz and AISC of $1,856/oz ▪ Q4 2025 is expected to be a strong period of pr
Slide 12: Seabee: High-Grade Underground in Canada
Location: Saskatchewan, Canada Seabee: High-Grade Underground in Canada Mining: Underground Processing: Gravity concentration, CIP Land: ~74,000 ha Quarterly Commentary (1) Ownership: 100% ▪ Q3 2025 production of 9.1 koz gold at cost of sales of $2,185/oz and AISC of $3,003/oz; Year-to-date producti
Slide 13: Puna: Argentina’s Largest Producing Silver Mine
Puna: Argentina’s Largest Producing Silver Mine (1) Quarterly Commentary ▪ Q3 2025 production of 2.4 Moz silver at cost of sales of $16.80/oz and AISC of $13.54/oz; Year-to-date production of 7.8 Moz silver at cost of sales of $15.80/oz and AISC of $13.09/oz ▪ Continued advancement of extension oppo
Slide 14: Hod Maden: World-Class Copper-Gold Project
Hod Maden: World-Class Copper-Gold Project Location: Artvin, Türkiye Mining: Underground Quarterly Commentary Processing: Flotation Land: ~3,500 ha Ownership: 10% (1) ▪ In Q3 2025, $17.1 million was spent as engineering and initial site establishment efforts continued to progress, bringing year-to-d
Slide 15: Appendix & Endnotes
Appendix & Endnotes SSR MINING | 15
Slide 16: Endnotes & Non-GAAP Reconciliation
Endnotes & Non-GAAP Reconciliation Net Cash & Liquidity 1) Detailed disclosure related to the February 13, 2024 incident at the Çöpler mine (the “Çöpler Incident” or the “Incident”) was included in the Annual Report on Form 10-K for the year ended December 31, 2024 filed on February 18, 2025. As of
Slide 17: CC&V Supplemental Mineral Reserve and Mineral Resource Information
CC&V Supplemental Mineral Reserve and Mineral Resource Information CC&V’s Mineral reserves and Mineral Resources have been classified in accordance with the definitions for Mineral Resources in S-K 1300. Mineral Resources are presented on a project basis and have an effective date of July 1, 2025. M
Slide 18: 2025 CC&V TRS Life of Mine Plan – Cash Flow Model
2025 CC&V TRS Life of Mine Plan – Cash Flow Model Operating Summary Total / Avg Jul 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 Total Ore Mined (kt) 226,187 11,718 21,155 19,981 19,894 18,144 18,162 19,270 21,772 2
Slide 19: Non-GAAP Reconciliation: CC&V TRS
Non-GAAP Reconciliation: CC&V TRS Cash Costs and AISC Realized Cash The following tables provide a reconciliation of Cost of sales to cash costs and AISC used in the 2025 CC&V TRS: The following table provides a calculation of realized cash for Marigold since acquisition on April 4, 2014 through Sep
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation Cash Costs and AISC Three Months Ended September 30, 2025 (in thousands, unless otherwise noted) Marigold CC&V Seabee Puna Corporate Total Çöpler Consolidated (Excluding Çöpler) Cost of sales (GAAP) (1) $62,436 $38,961 $19,661 $44,624 — $165,682 — $165,682 By-product credits
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation 2025 Operating Guidance Marigold CC&V (2) Seabee Puna Corporate Total Çöpler Consolidated (operating guidance 100% basis) (1) (Excluding Çöpler) Gold Production koz 160 – 190 90 – 110 70 – 80 — — 320 – 380 — 320 – 380 Silver Production Moz — — — 8.00 – 8.75 — 8.00 – 8.75 — 8.
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation Adjusted Attributable Net Income per Share Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share) 2025 2024 2025 2024 Net income (loss) attributable to SSR Mining shareholders (GAAP) $65,441 $10,557 $214,297 ($266,832) Interest savin
Slide 23: SSR Mining Inc.
SSR Mining Inc. www.ssrmining.com Website: www.ssrmining.com invest@ssrmining.com Email: invest@ssrmining.com Toll-free: +1 (888) 338-0046 SSRM:NASDAQ / TSX
SSR Mining — RBC Capital Markets Precious Metals Conference 2025 on 6ix