Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Silver Standard Resources — Investor Presentation (December 2016)

44 slides from Ssr Mining's investor presentation, December 2016

1. Slide 1: Creating Value: December 2016 Corporate Presentation

   CREATING VALUE December 2016 Corporate Presentation

2. Slide 2: Cautionary Notes

   Cautionary Notes Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “f

3. Slide 3: High-Quality Intermediate Precious Metals Producer

   High-Quality Intermediate Precious Metals Producer  Three mining operations with Production prospective land positions Growth and  Producing 405,000 oz AuEq in 2016 Scale (on annualized basis) Generating  Operating cash flow of $97M YTD 2016 Free Cash  Net income of $53M YTD 2016 Flow  Drilling

4. Slide 4: Strong H2 2016 with Investment Catalysts

   Strong H2 2016 with Investment Catalysts Q3 2016 was a “Quarter of Records” Marigold Production  5-year average annual production increases by ~35,000oz Growth H2 2016 gold production 100,000 to 110,000 oz Seabee Performance  Ongoing OE program achieved successful mill test Excels Resources to Res

5. Slide 5: Delivering Scale and Margin

   Delivering Scale and Margin Expanding Margins Enhance Financial Strength and Flexibility 112.6 $1,200 113Koz 98.9 97.3 97.8 100 93.2 $1,000 80.7 82.6 83.7 and Realized Gold Price (green) ($/oz) Gold Eq. Production in 3Q16 Gold Equivalent Production (Koz) Gold Equivalent Cash Costs (orange) $926 76.0

6. Slide 6: Creating Value with Operational Excellence

   Creating Value with Operational Excellence DRILL BLAST LOAD HAUL Reduced drills to four Improved blasting pattern / Used most effective shovel Implemented a ‘hot shift from six products and loading operator to train others change’ for truck operators sequence Cost per Foot Drilled Total Blasting Cos

7. Slide 7: 2016 Consolidated Full-Year Guidance

   2016 Consolidated Full-Year Guidance Production and Cash Costs Marigold Seabee Pirquitas Silver Standard Gold Gold Silver Gold Equivalent Production 200K – 210K oz 70K – 73K oz 9.5M – 10.5M oz 390K – 420K oz Cash Costs $640/oz – $680/oz $610/oz – $640/oz $9.00/oz – $9.50/oz $650/oz – $680/oz (US$/oz

8. Slide 8: Marigold: Growth in Nevada

   MARIGOLD GROWTH IN NEVADA SSRI:NASDAQ │SSO:TSX │ December 2016 8

9. Slide 9: Track Record of Performance and Growth

   Track Record of Performance and Growth  Open pit, run-of-mine heap leach gold operation  Continuous production since 1988  Strong safety and environmental practices Twin Creeks Goldstrike  Excellent infrastructure Maverick MARIGOLD Springs Phoenix Cortez  Q3 2016 Gold production results: Carlin

10. Slide 10: Marigold Operating Outlook

    Marigold Operating Outlook 2017 2018 2019 2020 2021 Gold production (Koz) 205 – 215 200 – 210 225 – 235 205 – 215 230 – 240 Cash costs ($/oz) $655 – $705 $830 – $880 $740 – $790 $660 – $710 $550 – $600 Capital investment ($M) $30 $35 $25 $20 $25 Capitalized deferred $18 $15 $15 $30 $70 stripping ($M

11. Slide 11: Increased Production and Reduced Cash Costs

    Expanded Margins Increased Production and Reduced Cash Costs 250 Gold Production (Koz) 200 150 100 50 0 2017 2018 2019 2020 2021 2016 Production and Cash Costs Outlook 2014 Technical Report $900 Cash Costs ($/oz) $800 $700 $600 $500 2017 2018 2019 2020 2021 Notes: Please refer to our news release da

12. Slide 12: Lower Operating Cost Profile

    Lower Operating Cost Profile Focus and Discipline for Long Term Value $9.00 Operating Costs 8% ($/tonne ore) 13% 8% $6.00 13% Mining Costs 79% $3.00 Processing Costs 79% G&A Costs $0.00 2014 Technical Report 2016 5-year Outlook Labor Labor Other 29% Other 31% 40% 42% Fuel Royalties 17% Fuel 15% Roya

13. Slide 13: Mining Cost per Tonne

    Operational Excellence is Fundamental Long-term Cost Savings $1.92 $1.74 Mining Cost per Tonne $1.70 $1.65 $1.62 $1.61 $1.57 $1.55 $1.54 $1.48 $1.48 $1.45 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Lowering Costs Savings of 1¢ cost per tonne mined =

14. Slide 14: Exploration Success and Resource Conversion

    Exploration Success and Resource Conversion N 8N 8D 8SX HideOut Valmy and Mud Pits A’ Reserve Pits 2015 Resource Additions A 2016 Drill Areas Deep Core Holes Basalt Pit 1 km Terry Zone Valmy Pit Valmy Pit Higher-grade discoveries since 2014  8SX: 91.4 m at 2.48 g/t Au  8D: 164.6 m at 1.67 g/t Au 

15. Slide 15: Seabee Gold Operation: High-Grade Gold Mine

    SEABEE GOLD OPERATION HIGH-GRADE GOLD MINE SSRI:NASDAQ │SSO:TSX │ December 2016 15

16. Slide 16: Seabee Gold Operation Overview

    Seabee Gold Operation Overview High-margin Underground Operation in a Stable Jurisdiction  High-grade, underground mine in Saskatchewan, Canada  Mill operating since 1991 with current capacity of 850 tpd  Strong safety and environmental practices  H2 2016 Guidance:  32,000 to 35,000 oz Au produ

17. Slide 17: Improved Operating Profile

    Improved Operating Profile Higher Gold Grade and Lower Costs with Santoy Discovery 100 $954 $1,000 76 70 - 73 75 $757 $800 Cash Costs ($/oz Au) Production (Koz Au) 63 $610 - $640 $525 $600 50 44 58 $400 YTD 2016 25 (Actual) $200 0 $0 2013 2014 2015 2016 Guidance Notes: 2016 cash costs guidance of $6

18. Slide 18: Well-Positioned for Discovery with $2M Spend in 2016

    Well-Positioned for Discovery with $2M Spend in 2016 ~25 km Underexplored Total exploration spend from 2013 to 2015 of $2.5 million Notes: Exploration spend for Claude Resources includes actual spend in 2013, 2014, and 2015. SSRI:NASDAQ │SSO:TSX │ December 2016 18

19. Slide 19: Santoy Mine Complex: Key Value Driver

    Santoy Mine Complex: Key Value Driver Focus on Resource Addition and Conversion 8A area Santoy Gap (9A, 9B, 9C) 4.0m at 20.1g/t 2.7m at 27.3g/t 1.7m at 23.5g/t 5.8m at 27.9g/t 6.0m at 15.4g/t 4.9m at 28.6g/t 2.7m at 39.1g/t 8A area 4.1m at 33.8g/t 2016 YTD Santoy Gap 9A, 9B & 9C and 8A area Infill D

20. Slide 20: Pirquitas: Large Open-Pit Silver Mine

    PIRQUITAS LARGE OPEN-PIT SILVER MINE SSRI:NASDAQ │SSO:TSX │ December 2016 20

21. Slide 21: Proven Capability and Delivery

    Proven Capability and Delivery Free Cash Flow in 2016  100%-owned and operated open pit silver mine  In commercial production since 2009  Good safety record and solid stakeholder relations  Improved flotation plant processes: +5,000 tpd in August 2016 Pirquitas Mine Jujuy, Argentina  10.3M oz A

22. Slide 22: Pirquitas Cash Costs Trending Down

    Pirquitas Cash Costs Trending Down Lowered 2016 Cash Costs Guidance $19.70 Cash costs per payable $16.88 ounce of silver sold $12.87 $12.08 $10.68 $9.00 - $9.50 $8.93 $8.87 $8.48 2011 2012 2013 2014 2015 Q1 2016 Q2 2016 Q3 2016 2016 Guidance Lowering Costs Achieved record low cash costs again Q3 201

23. Slide 23: Chinchillas Project

    Chinchillas Project Potential to Extend Pirquitas Operating Life  Silver-lead-zinc deposit located 30 km from Pirquitas mine  +15,000 meters resource infill drilling completed since Q4 2015  49 meters at 673 g/t silver  30 meters at 637 g/t silver  66 meters at 278 g/t silver  Increased budget

24. Slide 24: Chinchillas Mineral Resources

    Chinchillas Mineral Resources Potential to Extend Pirquitas Operating Life Chinchillas Indicated Mineral Resources Cut-off AgEq Ag Pb Zn AgEq Ag Pb Zn Mt AgEq (g/t) (g/t) (g/t) (%) (%) (Moz) (Moz) (Mlbs) (Mlbs) 45 34.2 142 91 0.82 0.57 155 100 618 431 90 21.9 183 123 1.06 0.62 129 86 510 301 110 17.

25. Slide 25: Pirquitas Underground

    Pirquitas Underground Focused on Mine Life Extension  Potential small-scale, high-grade ore feed from the Chocaya, Oploca and Cortaderas veins  Positive drill results from 2015 drill program:  3.16 meters at 1,436 g/t silver  1.93 meters at 1,890 g/t silver  0.83 meters at 2,670 g/t silver  To

26. Slide 26: Perdito Project

    Perdito Project High-grade, Carlin-type Sediment-hosted Gold Deposit in California  Multiple, ready-to-drill targets  $1.5M for drilling and field work; drill program planned for Q1 2017  Gold grades of up to 10.9 g/t confirmed by duplicate surface sampling  Large land package of 5,780 hectares

27. Slide 27: Properties, Projects and Production

    Properties, Projects and Production Over $570M Cash from Divestments since 2010 11 2 7 1 9 8 8. Candelaria 1. Marigold 10 4. San Luis 5 7. Amisk 9. Maverick Springs 2. Seabee 3. Pirquitas 6. Berenguela 10. San Marcial 5. Pitarrilla 4 6 11. Sunrise Lake 3 Maximizing Value Streamlining portfolio with

28. Slide 28: Delivering Long-Term Value for our Shareholders

    Delivering Long-Term Value for our Shareholders Portfolio Strength to Last and … … Growth for Scale  Three precious metals mines  H2 2016 production of 185,000 to located in the Americas 215,000 oz AuEq  Producing 405,000 oz AuEq at  Marigold 5-year outlook adds 20% $665/oz cash costs (pro forma

29. Slide 29: Value & Growth

    Value & Growth SSRI:NASDAQ │SSO:TSX │ December 2016 29

30. Slide 30: San Luis Project

    San Luis Project High-Grade Gold Development Option Ancash Region, Peru High-grade mineralization with N M+I Mineral Resources of  9.0M oz Ag at 578.1 g/t  0.35M oz Au at 22.4 g/t Ecash Community Already Secured  EIA Ayelén Vein  Feasibility Study Going forward San Simon Vein  Pursuing communit

31. Slide 31: Pitarrilla Project

    Pitarrilla Project Large Mineral Resource Development Option  Development stage silver-lead-zinc deposit  Open pit / UG project with potential for long life  Conventional flotation and leaching Pitarrilla Project Durango, Mexico  Measured and Indicated Mineral Resources  Open pit: 497M oz Ag at

32. Slide 32: Q3 2016 Highlights

    Q3 2016 Highlights A Quarter of Records Record Quarterly Production 112,559 oz AuEq, 15% higher Q-on-Q (pro-forma 2016) Low Cash Costs $618/oz AuEq, 8% lower Q-on-Q Free Cash Flow Increased cash balance to $278M, up by $45M Operating Cash Flow $62.8M cash generated by operating activities (before in

33. Slide 33: Marigold Mine: Assay Program

    Marigold Mine: Assay Program Increases Contained Gold by 13% Pit Outline as of Original Topography December 2015 Pit Outline at YE 2016 Pit Outline at YE 2019 Mineralized Ore as at December 2014 Additional Ore Tonnage and Ounces 100 meters W E Notes: See news releases dated July 6, 2015 and August 1

34. Slide 34: Marigold Mine: Top Quartile Loading Efficiency

    Marigold Mine: Top Quartile Loading Efficiency 8,000 Average tonnes loaded per hour 6,000 4,000 2,000 0 M1 M8 Marigold M17 M2 M2 M20 M10 M14 M21 M4 495HR 4100 XPB 4100 XPC 495HR 4100 XPB 495HR 495HR 4100 XPC 495HR 495HR 4100 XPB Lowering Costs High loading productivity drives efficiencies and lower

35. Slide 35: Mineral Reserves

    Mineral Reserves (as at December 31, 2015) Mineral Reserves Location Tonnes Silver Gold Zinc Silver Gold millions g/t g/t % million oz million oz Proven Mineral Reserves San Luis Peru 0.06 604.5 28.3 1.1 0.05 Total 1.1 0.05 Probable Mineral Reserves Marigold U.S. 140.30 0.45 2.04 Marigold Leach Pad

36. Slide 36: Mineral Resources: Measured and Indicated

    Mineral Resources: Measured and Indicated (as at December 31, 2015) Mineral Resources Location Tonnes Silver Gold Lead Zinc Copper Silver Gold millions g/t g/t % % % million oz million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Pitarrilla Mexico 10.13 91.7 29.8 San Luis Per

37. Slide 37: Mineral Resources: Inferred

    Mineral Resources: Inferred (as at December 31, 2015) Mineral Resources Location Tonnes Silver Gold Lead Zinc Copper Silver Gold millions g/t g/t % % % million oz million oz Inferred Mineral Resources Marigold U.S. 38.80 0.44 0.55 Pirquitas Argentina 0.79 87.3 1.88 2.2 Pirquitas UG Argentina 0.94 20

38. Slide 38: Reserves and Resources: Notes to Tables

    Reserves and Resources Notes to Tables All estimates set forth in the Mineral Reserves and Mineral Resources table have been prepared in accordance with NI 43-101. The estimates of Mineral Reserves and Mineral Resources for each property other than the Marigold mine have been reviewed and approved b

39. Slide 39: Seabee Gold Operation

    Seabee Gold Operation Mineral Reserves and Mineral Resources as at December 31, 2015 Tonnes Gold Grade Contained Gold g/t ounces Proven Mineral Reserves 518,100 7.48 124,700 Probable Mineral Reserves 458,200 7.78 114,600 Proven and Probable Mineral Reserves 976,400 7.62 239,300 Measured Mineral Reso

40. Slide 40: Strong Technical and Commercial Experience

    Strong Technical and Commercial Experience Board of Directors Management Team Peter Tomsett Paul Benson Chairman President, CEO and Director Michael Anglin Gregory Martin SVP and CFO Paul Benson Alan Pangbourne Brian Booth COO Gustavo Herrero John DeCooman VP, Business Development and Strategy Bever

41. Slide 41: Ownership and Capitalization Summary

    Ownership and Capitalization Summary Top 10 Shareholders % of Shares Outstanding Institutional Holdings by Country Van Eck Value 18.5% 11% 4% Renaissance Technologies 4.2% United States The Vanguard Group 1.8% 16% Canada Connor Clark & Lunn 1.7% United Kingdom Sun Valley Gold 1.6% 69% Other Deutsche

42. Slide 42: Notes

    Notes SSRI:NASDAQ │SSO:TSX │ December 2016 42

43. Slide 43: Notes

    Notes SSRI:NASDAQ │SSO:TSX │ December 2016 43

44. Slide 44: Silver Standard Resources Inc. Contact

    Silver Standard Resources Inc. Website: www.silverstandard.com Email: invest@silverstandard.com Toll-free: 1.888.338.0046 Telephone: 1.604.689.3846

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