Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Silver Standard Resources — European Gold Forum 2017

40 slides from Ssr Mining's conference presentation, April 2017

  1. Slide 1: Creating Value

    CREATING VALUE April 2017 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 Production  Three mining operations with prospective land positions Growth and Scale  Produced record 393,325 oz AuEq in 2016 Generating  Operating cash flow of $171M (FY 2016) Free Cash  Net income of $65M (FY 2016) Flow  Developing the Chinch

  4. Slide 4: Delivering Scale and Margin

    Delivering Scale and Margin Record Gold Equivalent Production in 2016 400 $1,200 12% and Realized Gold Price (green) ($/oz) 393 Gold Equivalent Cash Costs (orange) $1,000 Gold Equivalent Production (Koz) 349 Increase in Production 300 $810 year-on-year $723 $800 265 $653 200 $600 100 $400 $200 10% D

  5. Slide 5: Strong Outlook in 2017

    Strong Outlook in 2017 Marigold Seabee Pirquitas Silver Standard Gold Gold Silver Gold Equivalent Production 205K – 215K oz 72K – 82K oz 4.5M – 5.5M oz 340K – 370K oz Cash Costs $655/oz – $705/oz $575/oz – $625/oz $13.50/oz – $16.00/oz * $700/oz – $770/oz (US$/oz) Mid-point Guidance 355,000 oz AuEq

  6. Slide 6: Marigold: Growth in Nevada

    MARIGOLD GROWTH IN NEVADA SSRI:NASDAQ │SSO:TSX │ April 2017 6

  7. Slide 7: 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 MARIGOLD Maverick  Excellent infrastructure Phoenix Springs Cortez Carlin Trend  205,116 oz Au production a

  8. Slide 8: 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 $17 $15 $15 $30 $70 stripping ($M

  9. Slide 9: 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

  10. Slide 10: 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 SSRI:NASDAQ │SSO:TSX │ April 2017 10

  11. Slide 11: Leader in Productivity and Utilization

    Leader in Productivity and Utilization Marigold Rope Shovel Marigold Rope Shovel Note: Marigold 4100 XPC-AC Rope Shovel compared to information provided by Joy Global benchmark study for the period January 1, 2017 to February 1, 2017 with respect to rope shovel operating practices at certain preciou

  12. Slide 12: Marigold Mineral Reserves Increase 30%

    Marigold Mineral Reserves Increase 30% 1.00 2.84 3.0 Gold Mineral Reserve 2.17 0.27 (million ounces) 0.05 2.0 1.0 0.0 2015 Reserves Depletion Model Assumptions Exploration 2016 Reserves Notes: Mineral Reserves are based on $1,250/oz gold price assumption. Mineral Reserves include 0.17 million ounces

  13. Slide 13: Exploration Success and Resource Conversion

    Exploration Success and Resource Conversion N 8N 8D 8SX HideOut Mud Pits Valmy East Basalt Battle Cry A’ Reserve Pits 2016 Resource A Additions Basalt Pit 2017 Drill Areas Core Holes Terry Zone North Mackay Pit 1 km Higher-grade discoveries since 2014 A Original Surface EOY 2015 Resource Surface EOY

  14. Slide 14: Seabee Gold Operation: High-Grade Gold Mine

    SEABEE GOLD OPERATION HIGH-GRADE GOLD MINE SSRI:NASDAQ │SSO:TSX │ April 2017 14

  15. Slide 15: 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 900 tpd  Strong safety and environmental practices  77,640 oz Au record production in 2016  39,853

  16. Slide 16: Improved Operating Profile

    Improved Operating Profile Higher Gold Grade and Lower Costs with Santoy Discovery 100 $954 $1,000 72 - 82 78 76 75 $757 $800 Production (Koz Au) Cash Cost ($/oz Au) 63 $639 $575 - $625 $525 $600 50 44 $400 25 $200 0 $0 2013 2014 2015 2016 2017 Guidance Notes: 2016 cash costs of $639/oz are for the

  17. Slide 17: Reserve Gold Grade Increased to 8.2 g/t

    Reserve Gold Grade Increased to 8.2 g/t Seabee 2016 Mineral Reserves and Resources 50% Increase in Mineral Reserves year-on-year 43% Increase in M+I Mineral Resources year-on-year Notes: “M+I” refers to Measured and Indicated Mineral Resources. Mineral Reserves and Mineral Resources figures have som

  18. Slide 18: Exploration Success Increases Resources at Santoy

    Exploration Success Increases Resources at Santoy Santoy Gap (9A, 9B, 9C) 2.1m at 52.8g/t 8A area 2.7m at 27.3g/t 1.7m at 23.5g/t 4.0m at 20.1g/t 5.8m at 27.9g/t 6.0m at 15.4g/t 2.7m at 39.1g/t 8A area 4.1m at 33.8g/t 4.9m at 28.6g/t 2016 Santoy Gap 9A, 9B & 9C and 8A area Infill Drillholes Previous

  19. Slide 19: Increased Land Package ~150% with Fisher Project

    Increased Land Package ~150% with Fisher Project 23,300 Hectare Land Package at Seabee 34,000 Hectare Land Package at Fisher Project Underexplored Well-positioned for discovery with $5M spend in 2017 Notes: Exploration spend for Claude Resources includes actual spend in 2013, 2014, and 2015. See “Ca

  20. Slide 20: Pirquitas: Large-Scale Silver Producer

    PIRQUITAS LARGE-SCALE SILVER PRODUCER SSRI:NASDAQ │SSO:TSX │ April 2017 20

  21. Slide 21: Proven Capability and Delivery

    Proven Capability and Delivery Generated Free Cash Flow in 2016  Commercial production at Pirquitas achieved in 2009  Plant processed +4,000 tpd producing a silver concentrate  10.4M oz Ag record annual production in 2016  Open pit closure in January 2017 and stockpile processing Pirquitas Opera

  22. Slide 22: Chinchillas Project Overview

    Chinchillas Project Overview Brownfields Development for Pirquitas Operating Life Extension  Silver Standard to be JV operator with a 75% controlling interest in Chinchillas  Chinchillas is a silver-lead-zinc deposit located 45 km from the Pirquitas plant and facilities Pirquitas Operation Jujuy,

  23. Slide 23: Chinchillas Project Overview (100% Project Basis)

    Chinchillas Project Overview (100% Project Basis) Near-term Production with Positive Pre-Feasibility Results Mine life: 8 years N Total material mined: 66.6 M tonnes Strip ratio: 4.7 Processing rate: 4,000 tpd 6.1 Moz Silver Average annual 35.0 Mlb Lead production (8 years active mining): 12.3 Mlb Z

  24. Slide 24: 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  Re

  25. Slide 25: Positioned to Generate Free Cash Flow in 2017

    Positioned to Generate Free Cash Flow in 2017 $19.70 $16.88 $13.50 - $16.00 * Cash Costs per Payable Ounce of Silver Sold $12.87 $12.08 $10.68 $9.00 2011 2012 2013 2014 2015 2016 2017 Guidance Year of Records Achieved record low costs and production at Pirquitas * As cash costs are reported on a per

  26. Slide 26: Perdito Project

    Perdito Project High-grade, Carlin-type Sediment-hosted Gold Deposit in California  Multiple, ready-to-drill targets  $1M for drilling and field work in 2017; drill program planned for H1 2017  Gold grades of up to 10.9 g/t confirmed by duplicate surface sampling  Large land package of 5,780 hec

  27. Slide 27: Properties, Projects and Production

    Properties, Projects and Production Maximizing Value of Portfolio with Property Sales 9 2 6 7. Maverick Springs 1 7 8. San Marcial Brucejack 6. Amisk Snowfield 1. Marigold 8 (Pretium) 4. San Luis 5 9. Sunrise Lake Berenguela 2. Seabee Diablillos Candelaria 3. Pirquitas Bowdens San Agustin 5. Pitarri

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

    Delivering Long-Term Value for our Shareholders  Three mining operations with prospective land positions in the Americas Scale and Quality for  Developing the Chinchillas project for 2018 production Growth  Market cap of ~$1.3B with listings on NASDAQ and TSX Operational  Maximizing value of exi

  29. Slide 29: Value & Growth

    Value & Growth SSRI:NASDAQ │SSO:TSX │ April 2017 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: Operational Excellence is Fundamental

    Operational Excellence is Fundamental Long-term Cost Savings at Marigold $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 $1.50 $1.45 2013 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 Lowering Costs Savings of

  33. Slide 33: Mineral Reserves

    Mineral Reserves (as at December 31, 2016) Mineral Reserves Location Tonnes Silver Gold Zinc Silver Gold millions g/t g/t % million oz million oz Proven Mineral Reserves Seabee Canada 0.52 6.97 0.12 Total 0.12 Probable Mineral Reserves Marigold U.S. 185.00 0.45 2.67 Marigold Leach Pad Inventory U.S.

  34. Slide 34: Mineral Resources: Measured and Indicated

    Mineral Resources: Measured and Indicated (as at December 31, 2016) Mineral Resources Location Tonnes Silver Gold Lead Zinc Silver Gold millions g/t g/t % % million oz million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Seabee Canada 0.81 7.71 0.20 Pitarrilla Mexico 10.13 91

  35. Slide 35: Mineral Resources: Inferred

    Mineral Resources: Inferred (as at December 31, 2016) Mineral Resources Location Tonnes Silver Gold Lead Zinc Silver Gold millions g/t g/t % % million oz million oz Inferred Mineral Resources Marigold U.S. 53.60 0.41 0.70 Seabee Canada 2.56 7.74 0.64 Pirquitas Argentina 0.91 80.3 1.88 2.3 Pirquitas

  36. Slide 36: 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 National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). The estimates of Mineral Reserves and Mineral Resources fo

  37. Slide 37: Chinchillas Mineral Reserves and Resources

    Chinchillas Mineral Reserves and Resources 100% Project Basis Tonnes AgEq Ag Pb Zn AgEq Ag Pb Zn Mineral Resources (Mt) (g/t) (g/t) % % (Moz) (Moz) (Mlb) (Mlb) Measured 3.1 160 128 0.60 0.41 16 13 41 28 Indicated 26.2 148 98 0.94 0.62 124 83 540 358 Total (M+I) 29.3 149 101 0.90 0.60 140 96 581 386

  38. Slide 38: 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

  39. Slide 39: Ownership and Capitalization Summary

    Ownership and Capitalization Summary Top 10 Shareholders % of Shares Outstanding Institutional Holdings by Country Van Eck Value 18.2% 11% Renaissance Technologies 4.5% 7% United States Deutsche Bank 2.0% Canada The Vanguard Group 1.8% 16% United Kingdom Sun Valley Gold 1.6% 66% Other Connor Clark &

  40. Slide 40: 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

Silver Standard Resources — European Gold Forum 2017 on 6ix