Slide 1: A Track Record of Creating Value
A TRACK RECORD OF CREATING VALUE May 2019
Slide 2: Aerial View of Marigold Mine
Aerial View of Marigold Mine SSRM:NASDAQ/TSX PAGE 2
Slide 3: 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
Slide 4: Why SSR Mining?
Why SSR Mining? A long-term track record of creating value Investor Challenges SSRM Investment Catalysts × Inconsistent operating performance Met guidance seven consecutive years × Declining reserves Track record of reserve growth × Declining production Production growth 40% through 2021 × Sin
Slide 5: A Track Record of Creating Value
A Track Record of Creating Value ~400,000 oz AuEq 2019 gold equivalent production guidance Achieved production guidance seven consecutive years Silver 20% 100% of Gold Production is North America- Gold based 80% $1.3B market cap Operating Mines Strong institutional shareholding with good daily tradi
Slide 6: Track Record of Growth and Decreasing Costs
Track Record of Growth and Decreasing Costs Near-term production growth to +440,000 oz AuEq by 2021 500 $1,200 $1,000 400 Cash Cost ($/oz Gold-Equivalent) Gold-Equivalent Production (k oz) $800 300 $600 200 $400 100 $200 0 $0 2012A 2013A 2014A 2015A 2016A 2017A 2018A 2019E 2020E 2021E Puna Marigold
Slide 7: Track Record of Long-Term Financial Discipline
Track Record of Long-Term Financial Discipline Strong cash position provides strategic flexibility and opportunity Acquired Acquired Marigold Seabee $500 April 4, 2014 May 31, 2016 (all cash) (all shares) $400 Cash Balance ($M) $300 $200 $100 $0 Q1 2014 YE 2014 YE 2015 YE 2016 YE 2017 YE 2018 Q1 201
Slide 8: Track Record of Value Creation through M+A
Track Record of Value Creation through M+A ‘OE’ and mine life extension have been key to our success Marigold Mine Seabee Gold Operation Exploration Exploration 1.9x 2.9x $843 $479 $254 $287 Announced Value Estimated Value Announced Value Estimated Value Increased production to +200,000 oz/yr In
Slide 9: Track Record of Growing Net Asset Value Per Share
Track Record of Growing Net Asset Value Per Share $13 $12 +72% $11 Net Asset Value ($/sh) $10 $9 $8 +17% $7 $6 $5 $4 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 SSR Mining Peer Index Notes: Peer index represents an equal weighted index, indexed to SSR Mining NAV per share beginnin
Slide 10: Track Record of Delivering Results
Track Record of Delivering Results Met or exceeded guidance for seven consecutive years Reliable trend of delivering more …at lower cash costs with less gold… variability 450 $1,200 400 $1,100 Gold-Equivalent Cash Costs ($/oz) Gold-Equivalent Production (k oz) $1,000 350 $900 300 $800 250 $700 200 $
Slide 11: 2019 Production and Cash Costs Guidance
2019 Production and Cash Costs Guidance Marigold Seabee Puna SSR Mining (75% attributable interest) (75% attributable interest) Gold Gold Silver Gold Equivalent Production 200K – 220K oz 95K – 110K oz 6.0M – 7.0M oz 370K – 415K oz (4.5M – 5.3M oz) (350K – 395K oz) Cash Costs (US$/oz) $750/oz – $790/
Slide 12: First Decile Corporate Governance Rating Leads Peer Group
First Decile Corporate Governance Rating Leads Peer Group Depth of experience at senior management and Board level Market Data ISS Data Market Cap Shareholder Audit & Risk Company Name ($B) Quality Score Board Structure Compensation Rights Oversight SSR Mining Inc. $1.3 1 1 1 1 2 Kirkland Lake Gold
Slide 13: Marigold Mine
MARIGOLD MINE GROWTH IN NEVADA
Slide 14: Marigold: Large Scale, Low-Cost Producer
Marigold: Large Scale, Low-Cost Producer Open pit, run-of-mine heap leach gold operation ~200,000 tonnes of material moved per day Strong safety and environmental practices Significant exploration upside Twin Creeks Goldstrike 10-year Mineral Reserves life with potential to extend MARIGOLD
Slide 15: Creating Value by Extending Mine Life
Creating Value by Extending Mine Life Mineral Reserves replacement at $30/oz gold Anticipated production growth … with reserve replacement at an and improving cash costs … increased gold grade of 0.47g/t 300 6 0.40 5.56 $770 $800 $723 $745 Gold Mineral Reserves and Resources 250 266 266 5 Cash Costs
Slide 16: Marigold: Exploration Success and Resource Conversion
Marigold: Exploration Success and Resource Conversion 8N TZN 8S 8SX N Red Dot Mackay reserve North pit outline Leach Pad Red Dot Current mining area Waste MUD Valmy Basalt-Antler SSRM:NASDAQ/TSX PAGE 16
Slide 17: Marigold: Opportunities
Marigold: Opportunities Continue to deliver production growth and robust operating margins Additional hauling capacity and equipment replacement study Mine-life extension through exploration at Mackay, Valmy, Basalt and Red Dot 2019 exploration budget of $7.5M Deep sulphide exploration SSR
Slide 18: Seabee Gold Operation
SEABEE GOLD OPERATION HIGH-GRADE GOLD MINE
Slide 19: Seabee: Overview
Seabee: Overview High-margin underground operation in a stable jurisdiction High-grade, underground mine in Saskatchewan, Canada Strong safety and environmental practices Large underexplored land position of +57,000 ha Track-record of Mineral Resources conversion and growth 2019 production
Slide 20: Seabee Mineral Reserves and Resources Increased Y-o-Y
Seabee Mineral Reserves and Resources Increased Y-o-Y Mineral Reserves gold grade is 9.2 g/t 1,400 483 1,200 Gold Mineral Reserves and Resources 1,000 856 (thousand ounces) 800 283 608 600 437 (103) 400 (9) 200 0 2017 Depletion Model Exploration 2018 2018 M+I 2018 Reserves Assumptions Reserves Resou
Slide 21: Fifth Consecutive Annual Production Record in 2018
Fifth Consecutive Annual Production Record in 2018 Low cash costs of ~$500/oz gold 140 $1,200 Acquired 120 120 the Seabee Gold Operation May 31, 2016 $1,000 108 $998 103 $954 100 96 $800 Cash Costs ($/oz gold) 84 77 Gold Production (k oz) 80 $757 75 $663 $600 63 $602 60 $525 $540 50 $505 $504 45 $44
Slide 22: Operational Excellence Driving Seabee Mill Improvements
Operational Excellence Driving Seabee Mill Improvements Higher 2019 milling rates driven by increased UG mine capacity 1,500 Single day mill throughput record 1,400 of 1,442 tpd 1,300 Mill Mill test trial test trial 1,200 1,100 Mill Dry Tonnes per Day 1,000 900 Forest fires 800 700 600 500 Decreased
Slide 23: Increased Mine Capacity in 2019
Increased Mine Capacity in 2019 UG mining and ore transport equipment delivered and operating 6-cubic yard LHD machine 45-tonne articulated dump truck SSRM:NASDAQ/TSX PAGE 23
Slide 24: Seabee: Exploration Extends Reserves Near Infrastructure
Seabee: Exploration Extends Reserves Near Infrastructure Track record of resource conversion and discovery Santoy Gap (9A, 9B, 9C) Santoy 8A 0m Elev 4.1m at 27.4g/t (SUG-17-052) 4.8m at 12.3g/t (SUG-18-612) (HW) 10.7m at 3.7g/t (SUG-18-831) (HW) -500 m 4.1m at 25.6g/t Gold Grade (SUG-18-622) (HW) >2
Slide 25: Large, Contiguous Land Package
Large, Contiguous Land Package Testing +15km of sheer zone strike length N 23,300 hectare land package at Seabee Seabee mill, airstrip & camp Santoy Mine Fisher exploration camp 34,000 hectare land package at Fisher Project (option agreement) 10 km All weather road Gold occurrence Santoy shear zone
Slide 26: Seabee: Opportunities
Seabee: Opportunities Deliver on PEA expansion case to 1,050 tpd Drive Operational Excellence initiatives Evaluate 1,200 tpd sustained mill throughput 2019 exploration budget of $6M Santoy Gap hanging wall Santoy 8A Seabee Gold Operation Fisher property Flin Flon Saskatoon Focused on
Slide 27: Puna Operations
PUNA OPERATIONS LARGE-SCALE SILVER PRODUCER
Slide 28: Puna Operations Joint Venture
Puna Operations Joint Venture Ramp-up in 2019 to steady-state silver production of +6Moz per year SSR Mining is the JV operator with a 75% interest JV includes Chinchillas, a silver-lead-zinc deposit, and the Pirquitas plant and facilities located 45 km away Declared commercial production Dece
Slide 29: Puna: Delivering Silver Production Growth in 2019
Puna: Delivering Silver Production Growth in 2019 Significant LOM base metals exposure from lead and zinc 2019 Guidance Medium Term Outlook Attributable Production: 8 $16 7.0 Silver-Equivalent Attributable Production (M oz) 6.9 6.9 $14 Silver: 4.5M to 5.3M oz Cash Cost ($/oz Silver-Equivalent) 6
Slide 30: Advancing the Las Chispas High-Grade Ag-Au Deposit
Advancing the Las Chispas High-Grade Ag-Au Deposit SilverCrest Metals Inc. (TSXV: SIL) well funded to execute plan Las Chispas 2019 PEA results Las Chispas Project 1,250 tpd UG operation with +8 year mine life Sonora, Mexico 127K oz AuEq per year with $564/oz AuEq AISC Initial and sustaining
Slide 31: SSR Mining: Investment Highlights
SSR Mining: Investment Highlights Delivering value and growth for our shareholders Production Growth: Increasing near-term gold production to +440,000 oz by 2021 at $615/oz cash costs Management Discipline: First decile governance rating and a track record of disciplined M+A and capital allocation F
Slide 32: Value & Growth
Value & Growth SSRM:NASDAQ/TSX PAGE 32
Slide 33: Selected Financial Results for 2017 and 2018
Selected Financial Results for 2017 and 2018 Units 2018 2017 Gold Sales oz 290,294 286,279 Silver Sales Moz 3.8 6.0 Total Gold Equivalent Sales oz 335,267 364,538 Gold Equivalent Production oz 347,090 370,486 Revenue $M $420.7 $448.8 Income from Mine Operations $M $76.8 $113.3 Net (Loss) Income $M $
Slide 34: Convertible Note Refinancing Provides Financial Flexibility
Convertible Note Refinancing Provides Financial Flexibility Lower coupon, lower leverage ratios and strong cash balance $230 $(150) $600 $(38) $461 $419 Cash Balance ($M) $400 $200 $0 2018 YE Cash 2019 Convertible Notes 2013 Convertible Notes Q1 2019 Uses of Cash Q1 2019 Cash Offering Redemption 201
Slide 35: Marigold: Exploration Success and Resource Conversion
Marigold: Exploration Success and Resource Conversion Red Dot Phase I added Mineral Reserves of 350,000oz of gold 8N TZN 8S 8SX N Red Leach Dot Pad North Mackay reserve pit outline Red Dot Current mining area EOY 2018 Pits surface EOY 2018 EOY 2018 EOY 2017 Original Surface W Resource Pit Reserve Pi
Slide 36: Marigold: Growth Options
Marigold: Growth Options In 2019, evaluate mine fleet via equipment replacement study Red Dot Resource Conversion Expansion YE 2018 R+R Material Movement Mtpa +110 +80 Life of Mine (active mining) years 10 - 15 10 - 15 Resource Conversion yes/no Yes Yes Gold Production oz/yr Up to 300,000 +210,000 M
Slide 37: Leader in Productivity and Utilization
Leader in Productivity and Utilization Marigold rope shovel Marigold Rope Shovel Notes: Marigold 4100 XPC-AC Rope Shovel compared to information provided by Joy Global benchmark study for the period January 1, 2019 to February 1, 2019 with respect to rope shovel operating practices at certain precio
Slide 38: Marigold: Heap Leach Process
Marigold: Heap Leach Process Once ore is loaded on the heap leach pad … Average time to achieve primary recovery of +50% is 90 to 120 days Average time to achieve overall recovery of 73% is seven to nine months Most important factor to leach recovery time is loaded ore to ‘plastic’ distance
Slide 39: Seabee: Preliminary Economic Assessment
Seabee: Preliminary Economic Assessment Expanded margins from higher throughput and grade Increases mining rate by 21% to 1,050 tpd by 2019, compared to 2016 Mines 62% of Inferred Mineral Resources Increases estimated LOM average gold production by 29% to 100,000 ounces per year (for the perio
Slide 40: Seabee: PEA Financial Summary and Sensitivity Analysis
Seabee: PEA Financial Summary and Sensitivity Analysis Cash Flows ($M) Pre-tax NPV (5%) Sensitivities ($M) Net Revenue $893.5 Gold Price ($/oz) Operating Costs $(346.0) $1,200 $1,300 $1,400 Royalties and Other $(28.5) 1.20:1 $289 $346 $403 Canadian Δ in Working Capital $10.3 Exchange 1.25:1 $307 $36
Slide 41: Chinchillas Project: Data Sheet
Chinchillas Project: Data Sheet (100% Basis) Declared commercial production December 1, 2018 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 Zinc 8.4 Moz Silv
Slide 42: Mineral Reserves
Mineral Reserves (as of December 31, 2018) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest millions g/t g/t % % % Silver Gold Interest million oz million oz Proven Mineral Reserves Seabee Canada 0.33 9.00 100 0.09 Chinchillas Argentina 0.94 196 0.67 0.33 75 4.5 Total 4.5 0.09
Slide 43: Mineral Resources: Measured and Indicated
Mineral Resources: Measured and Indicated (as of December 31, 2018) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest millions g/t g/t % % % Silver Gold Interest million oz million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Seabee Canada 0.45 11.76 100
Slide 44: Mineral Resources: Inferred
Mineral Resources: Inferred (as of December 31, 2018) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest millions g/t g/t % % % Silver Gold Interest million oz million oz Inferred Mineral Resources Marigold U.S. 33.60 0.37 100 0.40 Seabee Canada 1.70 8.82 100 0.48 Chinchillas Arg
Slide 45: 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
Slide 46: SSR Mining Executive Team and Board of Directors
SSR Mining Executive Team and Board of Directors Depth of experience and a top governance rating Paul Benson Nadine J. Block W. John DeCooman, Jr. Gregory J. Martin Kevin O’Kane President and CEO SVP, Human Resources SVP, Business Development SVP and CFO SVP and COO and Strategy Michael Anglin Brian
Slide 47: Relative Performance
SSR Mining Inc. Share capital structure, convertible note and top shareholders overview Top 10 Shareholders % of Shares Outstanding Institutional Holdings by Country Van Eck 13.7% Renaissance Technologies 4.8% United States Investec Asset Management 4.0% Canada Connor Clark & Lunn Investment Managem
Slide 48: SSR Mining Inc. Contact
SSR Mining Inc. www.ssrmining.com Toll-free: +1 888.338.0046 Telephone: +1 604.689.3846 Email: invest@ssrmining.com